Marina brokerage firm partners with auction company
Two Portland, Maine-based marina businesses, MarinaSales, LLC, a marina brokerage firm and Tranzon Auction Properties, a full-service auction and real estate disposition company, announced their strategic alliance Jan. 20.
“We anticipate a strong need for timely sales with market driven pricing over the next 12 to 18 months,” said Jed Harris, principal at MarinaSales. “Continued credit tightening, an abundance of maturing debts and sustained challenges selling residential components will likely compel many marina property owners into aggressive selling positions.”
He noted that the biggest challenge facing marina seller clients is pricing their properties at levels that fairly reflect current market conditions in this challenging economy. MarinaSales believes its partnership with Tranzon will assure that their clients’ properties sell at fair market prices.
“MarinaSales has intimate knowledge of marine related properties, and Tranzon has unparalleled experience and expertise in handling accelerated dispositions of real estate for our banking, bankruptcy, and other institutional clients,” said Mike Carey, vice president at Tranzon.
Date: February 17, 2010
Categories: Industry News