Auction.com, which hosts virtual foreclosure auctions that let participants bid on residential and commercial properties online, has raised $50 million from Google's equity fund, Google Capital. “Auction.com has quietly built one of the largest marketplaces on the Web,” said David Lawee, partner at Google Capital, in a statement. “We think Auction.com can fundamentally change how real estate, and particularly commercial real estate, can be bought and sold, leveling the playing field for smaller investors.” Auction.com inked a referral agreement with the National Association of Hispanic Real Estate Professionals in February and hired high-profile industry vet Rick Sharga as executive vice president and company spokesman in July. Other shareholders in Auction.com, which ...
Special Report: How to make the most of open houses
by Gill South | 4 days
What happens when boomers retire?
by Teresa Boardman | 3 days
Compass: Conqueror or flash-in-the-pan?
by Brad Inman | 2 days
LA MI DC