Office building becomes most expensive at online auction

Office building becomes most expensive at online auction

Office building becomes most expensive at online auction Auction.com has claimed the largest ever online real estate transaction; selling a 30-year old office in California’s Manhattan Beach for $96.1 million. The auction site’s executive vice president Rick Sharga told CNBC that it represents a sea change: "The big difference here is people not just looking at and researching real estate online, they're buying real estate online. Traditional, non-distressed, high-quality properties.”