Auction.com, the largest online real estate marketplace that has sold more than $26 billion in assets since 2007, is expanding by opening its 10th office.
The latest 7,000 square-foot office is located in Austin, Texas. This office will be solely dedicated to client management and business development, Auction.com said, looking to utilize the “wealth of local talent” from Texas’s technology hotbed.
Down Deering, senior vice president of VIP operations at Auction.com, and Michael Dean, vice president of residential sales for Auction.com, will lead the new office for the auction company.
Auction.com is transforming the way real estate is bought and sold through a more efficient online platform that maximizes the value of real estate assets. Using world-class marketing and technology, Auction.com is a global platform that matches sellers with buyers through a real-time bidding process that provides more transparency than a traditional real estate transaction.
“Building and scaling a high-quality sales and business development team is a key driver to our continued success as a business,” said John Hood, executive vice president of C2C Inside Sales for Auction.com. “Austin was our first choice as a location since it offers an excellent talent pool of professionals from leading technology companies who have the experience to help us better serve our customers.”
Currently, Auction.com has more than 1,000 full-time employees across the country and Europe, including at its headquarters in Irvine, Calif., as well as offices in Dallas, Miami, New York, Newport Beach, Silicon Valley, London, Frankfurt, and Berlin. The company serves customers from the largest financial institutions and investors in real estate to individual consumers and agents.
Auction.com has already hired several sales and business development executives for the Austin office from companies like Dell, LegalZoom, and Bazaarvoice. It expects to have a staff of at least 40 employees for the new Texas office by the end of 2013.
“We are pleased to welcome Auction.com to the Austin region—the company will be a wonderful asset to our growing technology community,” said Gary Farmer, chairman of Opportunity Austin, a five-county economic development initiative of the Greater Austin Chamber of Commerce, in a press release. “Auction.com’s expansion to Austin is further evidence of Central Texas’s attractiveness to companies because of the access to talented workforce, entrepreneurial spirit and high quality of life.”