Going, Going, Gone - Real Estate Auctions Emerge as Prudent Strategy for Corporate Management

Society of Industrial and Office REALTORS, 2006

Posted: 18 Jul 2008

Date Written: Spring 2006

Abstract

The authors outline how in 2002, The Sarbanes-Oxley Act established new rules for corporations to live by, aimed at eliminating conflicts of interest and other breaches of the fiduciary duties that management and corporate directors owe shareholders. In light of the Enron, WorldCom and Tyco situations, there is a discussion on the corporate seller's dilemma when they hold surplus real estate, advice on how to document the sales process and then an outline on how to engage in the auction process. There is an explanation on how to analyze the costs of alternate disposition strategies and a review on how auctions offer an advantage. The article offers an informative chart to compare auctions to conventional marketing.

Keywords: Steven L. Good, Real Estate Auctions, Sarbanes-Oxley Act, Corporate Seller's Dilemma, Surplus Real Estate

Suggested Citation

Good, Steven L., Going, Going, Gone - Real Estate Auctions Emerge as Prudent Strategy for Corporate Management (Spring 2006). Society of Industrial and Office REALTORS, 2006, Available at SSRN: https://ssrn.com/abstract=1161326

Steven L. Good (Contact Author)

Sheldon Good & Company ( email )

333 West Wacker Drive
Suite 400
Chicago, IL Cook County 60606
United States
(312) 373-4350 (Phone)
(312) 346-0727 (Fax)

HOME PAGE: http://www.sheldongood.com

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