Douglas Dennison is the national sales coordinator for Georgia-based auction company Rowell Auctions, which he joined in February after serving as the COO of AmeriBid in North Miami. Dennison also announced that the firm has just opened a Florida office. Dennison has worked in the real estate auction business for more than 20 years, assisting in the sale of more than 12,000 properties, primarily in Florida.. Dennison, who has also worked as an auction project manager for the FDIC, the U.S. Marshals Service and the Small Business Administration, recently started the first national real estate auction radio show, broadcast weekly on Fridays from WFOY in St. Augustine, Fla. Dennison talked to The Real Deal about how the show, “The National Real Estate Auction Show,” came about and the increasing number of Florida real estate auctions.
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The 11,700-square-foot lot just north of Calle Ocho in Miami had sat
without a buyer for a year before Colliers International decided to
list the former site of Restaurante Monserrate. Even then, it wasn’t
until Colliers partnered with North Miami-based AmeriBid on a real
estate auction that the lot was sold — and in just a few months. The deadlines imposed by real estate auctions, along with the
attractive illusion of a bargain, help move properties that might
otherwise stay stagnant, brokers say — particularly in a slow market.
When sellers have trouble finding purchasers, they can turn to
auctions. “I think it’s a natural migration, when sellers have gone the
conventional route, and the conventional route has not produced the
results of a successful transaction,” said Louis Fisher, president of
North Miami-based AmeriBid. “Sellers normally will look for an
alternative venue in downturn markets, and the auction is one of them.
In good times, you don’t see as many auctions.” [more]

Two buyers made successful preemptive bids late yesterday, winning the
two sites that were slated to be auctioned this morning at a joint
AmeriBid-Colliers Abood Wood Fay auction at the Miami Marriott Biscayne
Bay. The sites, a temple in Miami Beach and a piece of vacant land in Little Havana, each went for more than the minimum bids. The
minimum on the 14,000-square-foot temple site, which was purchased by a
church, was $900,000. The minimum on the 11,700-square-foot vacant lot
just north of Calle Ocho, was $350,000, purchased by a multi-family
builder. AmeriBid said it would not disclose the specific prices and
buyers until the properties close. [more]

Colliers Abood Wood-Fay, along with North Miami-based AmeriBid, will auction off two commercial properties March 16 at the Marriott Marquis. The FDIC Insured Bank Foreclosure Auction will put two properties on the block: the 14,000-square-foot former ‘Art Temple’ at 7141 Indian Creek Drive in Miami Beach,and a vacant land parcel at 435 SW 12th Avenue, near Little Havana. The minimum bid is $900,000 for the Miami Beach property and $350,000 for the Miami property. Colliers announced it would combine operations with FirstService in January. Colliers is set to become Colliers International April 21. TRD