The Real Deal New York

Max Spann Real Estate & Auction, an expanding East Coast auction house, has signed on to open its first New York City office at 370 Lexington Avenue, at 41st Street, the company announced today. Max Spann, which has held auctions and competitive-bid events nationwide — including in New Jersey, Pennsylvania and Massachusetts — over the past year, is now busy planning more auctions for New York and several other cities. The new office will be led by Kushner Companies veteran Jeffrey Freireich and is intended to help the company take advantage of a shaky real estate market in which auctions have gained in popularity, the company said in a statement. “In an uncertain market, bidders like the idea of being able to name their own price for a particular property. Sellers like the idea of being able to move multiple units quickly, efficiently and profitably, all within a single day,” the statement said. TRD