Contact:
David Ebeling
Sperry Van Ness
(949) 225-1883
david.ebeling@svn.com

Sperry Van Ness’ DAVID GILMORE is INDUCTED INTO THE LOUISIANA AUCTIONEERS ASSOCIATION “HALL OF FAME

KENNER, LA, JUNE, 22, 2007 – Sperry Van Ness, one of the nation’s largest commercial real estate brokerage firms, is pleased to announce that David E.  Gilmore, CAI, AARE of Sperry Van Ness / Gilmore Auction & Realty Co. in Kenner, LA has been inducted into the Louisiana Auctioneers Association “Hall of Fame.”  Louisiana Auctioneers Association exists to promote the auction method of marketing through professional and ethical auctioneering practices in the Louisiana region.

This award is given to a longstanding member that exhibits strong leadership within the auction industry, community involvement, and significant contributions to the auction profession.  Gilmore is the fourth inductee into the LAA Hall of Fame following Ike Hamilton, Keith Babb and Marvin Henderson.  Gilmore has served as President and Secretary/Treasurer of the Louisiana Auctioneers Association and is the 1992 Louisiana State Champion Auctioneer. Gilmore is also a past President of the Auction Marketing Institute and past Ex-officio Board member of the National Auctioneers Association.

With more than 20 years of experience, Gilmore has served as chief auctioneer for more than 5,000 real estate auction properties throughout the United States.

Founded in 1987, Sperry Van Ness is one of the largest commercial real estate brokerage firms in the United States with nearly 900 advisors in 150 cities. Sperry Van Ness provides advisory, brokerage, consultation, asset management, property management, leasing, financial, accelerated marketing and auction services. To provide the highest value to its clients, Sperry Van Ness is the only national firm that in addition to marketing to investors and existing clients, implements an immediate proactive strategy to market all listings to the brokerage community sharing its fees 50/50.   Guided by this principal of proactive compensated cooperation, Sperry Van Ness, based in Irvine, Calif., has advised clients on billions of dollars in office, multifamily, retail, industrial, hospitality and land transactions. For more information, please visit http://www.svn.com/.

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Contact:
David Ebeling
Sperry Van Ness
(949) 225-1883
mailto:ebelingd@svn.com             

SPERRY VAN NESS/GILMORE AUCTION & REALTY CO., COMPLETES THE SALE OF LOUISIANA COWBOY TOWN MULTI-EVENT EXHIBITION COMPLEX in ALEXANDRIA, LOUISIANA, FOR $2.9 MILLION

ALEXANDRIA, La., November XX, 2004 – Sperry Van Ness/Gilmore Auction & Realty Co., one of the nation’s largest commercial real estate investment and accelerated marketing firms has completed the sale of Louisiana Cowboy Town Multi-Event Exhibition Complex, a 200,000-square-foot complex on 27.75 acres, to an Alexandria, Louisiana-based private investor for $2.9 million via auction. The property was ordered to be sold by the U.S. Bankruptcy Court and a major creditor.  The facility is located at 7225 Highway 1 North in Alexandria, La. near Interstate 49. 

David Gilmore & Francis Braud, national auctioneers for Sperry Van Ness/Gilmore Auction & Realty Co., in Kenner, La., and Beau Box of NAI/Latter & Blum Realtors represented the seller, Alexandria, La.-based, Louisiana Cowboy Town LLC.  They were also responsible for the auction.  Maurice Hebert of Noles-Frye Realty represented the buyer, an Alexandria, La.-based private investor.

Originally built in 1999, Cowboy Town Multi-Event Exhibition Complex encompasses a 60,000-square-foot arena, 90,000-square-foot show barn, 20,000 square feet of retail and restaurant space, fully equipped concession areas, banquet/VIP suites and an advanced ticketing system.

The sale was closed after a live auction offer for $1.1 million, two post-auction offers for $1.375 million and $1.7 million and finally another live auction at the bankruptcy court hearing for a $2.9 million final bid.

According to Gilmore, auctions are a great way to accelerate the sale of uncommon, trophy properties like Cowboy town and buyers typically are able to purchase at a discounted price below replacement cost.  Auctions are also an ideal way to motivate hesitant buyers into action and expand market reach by employing programs that expose properties to a geographically unlimited audience.

Founded in 1987, Sperry Van Ness has rapidly expanded in the past two years from a small firm in nine Southwestern United States markets to one of the nation’s leading commercial real estate brokerage firms serving clients in more than 100 markets nationwide. Sperry Van Ness provides advisory, brokerage, consultation, asset management, property management, leasing, financial, accelerated marketing and auction services. To provide the highest value to its clients, Sperry Van Ness is the only national firm that implements a broker marketing plan in addition to its investor marketing plan for all listings. Guided by this principal of cooperation, Sperry Van Ness, based in Irvine, Calif., has advised clients on billions of dollars in multifamily, retail, industrial, office, hospitality and land transactions. For more information, please visit http://www.svn.com/.

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SPERRY VAN NESS/GILMORE AUCTION COMPANY AUCTIONS 120 PROPERTIES IN BATON ROUGE & BAKER, LOUISIANA FOR APPROXIMATELY $5.335 MILLION

BATON ROUGE, LA., February 24, 2004 –Sperry Van Ness/Gilmore Auction Company, one of the nation’s premier commercial real estate investment and accelerated marketing firms, has successfully auctioned 120 properties in Baton Rouge and Baker, Louisiana for approximately $5.335 million.

David Gilmore, national auctioneer for Sperry Van Ness/Gilmore Auction Company in Kenner, Louisiana, represented the seller, was responsible for the auction.

“This auction presented investors with the opportunity to buy a variety of properties at a price determined by the buyer, not pre-set by the seller,” said Gilmore. “This auction was successful in that all properties sold and we achieved over 100 percent of the target price.” Gilmore went on to say that auctions are a beneficial way to sell a property. Auction sales can often be closed instantly or within an acceptable time frame, depending on the sellers’ requirements and flexibility. They also transform surplus holdings into cash or earnings assets. An auction is a catalyst for motivating hesitant buyers into action. Auctions expand market reach by employing programs that expose properties to a regional, national and international audience.

Properties auctioned included a 99 unit mobile home park, an office building, a neighborhood strip center, developmental land, condominiums, 95 single family homes, fourplexes, and a six-plex. Over 1,000 people attended the two night auction and there were 545 registered bidders from nine different states including California and New York.

Sperry Van Ness, based in Irvine, California, is one of the nation’s leading commercial real estate firms providing auction services in addition to realty advisory, brokerage, consultation, asset management, property management, leasing and financial services to clients in more than 70 markets across the country. Sperry Van Ness has advised clients on billions of dollars in multifamily, retail, industrial, office, hospitality and land transactions.

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