LOS ANGELES, March 13, 2013 -- Steve Winger, a 25-year veteran of the commercial real estate industry, has launched EverestAuctions.com, a revolutionary web portal designed to facilitate the auction of commercial real estate space available for lease. The company launches with 22 active auctions in five states.
Similar to the structure of existing online auction sites like ebay.com and auction.com for retailers and consumers, commercial landlords and brokerage professionals can post a suite of space for lease through EverestAuctions.com. The tenants can then participate in an active 45-day bidding process to win the space at the lease price to which they are willing to commit.
Space posted on EverestAuctions.com is promoted through the use of targeted emails, website advertisement placements and keyword search optimization. All three parties involved - tenants, landlords and brokers, have unfiltered access to all auctions and bids in real time.
"The way we market commercial real estate for lease has changed very little during the past 25 years," said Winger. "Everest Auctions provides the three main players of a commercial property lease – the landlord, broker and tenant, with an innovative, easy-to-use application that employs the most powerful and widely accessible marketing tool that the industry currently ignores - the Internet."
The new portal is expected to help brokerage professionals and landlords reach a larger audience when marketing space for rent. "It's an excellent tool for expanding a professional's database, gaining new industry contacts and lease candidates, as well as streamlining the overall leasing process, thereby reducing the often lengthy back-and-forth of typical lease negotiations," Winger added.
EverestAuctions.com provides additional control for the landlord by allowing them to establish acceptable parameters for the lease of their space, including a starting bid price, which is viewable by the tenant. With the landlord having agreed to the terms of the lease, brokers benefit from a higher volume of business through the elimination of multiple lease negotiations with numerous tenants. Additionally, potential tenants must provide credit information to establish their qualifications.
EverestAuctions.com also provides tenants with the ability to search for space that meets their needs and view all major lease provisions (not just rate and square footage) so they can negotiate a potential lease in a faster, more efficient fashion.
"In a nutshell, Everest Auctions speeds up and simplifies the typically complicated process of negotiating commercial property leases," explains Winger. "We bring tenants, landlords and brokers together to facilitate leases in a time- and money-saving process that benefits everyone."
About Everest Auctions
Everest Auctions, LLC, EverestAuctions.com, is the only online portal designed to facilitate the commercial property leasing process through the use of online auctions. The company was founded by Steve Winger , a 25-year real estate industry veteran with a comprehensive background in the leasing and management of office, retail, and industrial properties. Mr. Winger has completed more than $2 billion of retail, office, and industrial lease transactions with an aggregate capitalized value in excess of $25 billion.
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SOURCE Everest Auctions, LLC