Portfolio of Real Estate Auction Clients
Over the years, Fine and Company principals and associates have worked the widest variety of real estate owners. We are very proud of our successes and what people have to have been of service.
A partial list of prior clients. Many of our clients wish to remain private and we respect that decision:
- Fifth Third Bank
- Arvest Bank
- The Northern Trust Company
- Exchange National Bank
- LaSalle National Bank
- Wells Fargo
- Pritzker Real Estate
- American Skiing Company
- Boy Scouts of America
- Illinois Port Authority
- Hines Lumber
- Lexington Homes
I acquired a twelve story North Michigan Avenue office building adjacent to Chicago's Millennium Park with the intent to redevelop it. I received a few inquiries to purchase the property rather than redeveloping it. Shortly thereafter while discussing this situation with Mike Fine, he suggested that selling the building at auction could achieve my financial goal without the years, expense and risk of rehabilitation. Mike and his team went to work to design a structured sale to meet our objectives and maximize price. The auction generated interest from around the country and the world. Mike led the team in a focused and professional manner. The excitement they created was beyond all of my expectations. Also beyond all of my expectations was the result. We couldn't have been more pleased with the result. We closed on the sale fifteen weeks following my first discussion with Mike about the property. I couldn't have been more pleased with the way the process was handled, or more pleased with the results.
--Michael Chioros, CCIM, Chioros Properties
When my client indicated to me that the property was to be sold at auction, I was initially suspect not having had experience with an auction sale. Any misgivings as to the auction technique were quickly dissipated upon my introduction to Michael Fine and Fine and Company LLC. As an attorney, my duty is to my client, the seller. Accordingly, the first transaction my client was entering into was the listing contract with Fine and Company LLC. I found that process was without any concern and introduced me to the seasoned business judgment of Michael Fine. The property sold at a fair price, and how else can success be measured...This experience led me to two conclusions. First, for properties which owners have found to be difficult to market and sell, I endorse the auction technique. Second, if the auction technique is to be utilized, without reservation, I recommend Fine and Company LLC and Michael Fine.
--James A. Spella, Attorney at Law
Given the thinness of the market and the state of the economy we were amazed at the results of your program. The accelerated and intense marketing program generated a tremendous response on every front. You began by staging the property to help buyers see it in its best possible light. You produced front page news coverage in the local newspapers and a total of almost six hundred inquiries. Your company showed our home to forty-eight parties from all over the region. Today's recession and the real estate market overall caused us to rethink our perception of the price we would receive for our home, and your exhaustive marketing program not only produced the results of bidding for our home but convinced us that we had done everything possible to sell the house at the best possible price in today's market. When it came down to advising us and negotiating with those who bid, your experience and the relationship you developed with the potential buyers really paid off.
--Deb and Mike Pokel, homeowners
Up or down real estate cycle, Michael Fine produces effective marketing on a timely basis.
--M.L. Arthur, American Land, LLC
You conducted the auction from a position of strength, because you work the old fashion way, hard working and face-to-face. This seems to be a lost art in this email era. You handled everything so smoothly like a builder or symphony conductor bringing each component or section in at the appropriate time. You never overpromised. You were frank and honest. The depth of your resource base is impressive. On the environmental issue alone, you increased my profit by at least $20,000. You proved that my former agent’s insistence that the building was zoned as a two unit was incorrect. Your due diligence increased the value of my property. You found every possible buyer. You answered every possible objection before it was ever raised. Masterful. Step by step you built excitement and interest in my property.
Your marketing program produced over three hundred inquiries, and twenty-six parties inspecting the property in four weeks. Thanks to your “Quick Close” program the sale closed in less than ten days following the auction. Best of all, I could not be more pleased with the price!
-- J. Carrington, real estate investor
I have always been impressed with Michael Fine's knowledge in the industry, and professional approach to everything you are involved in, and have no doubt that you will lead Fine and Company to the top.
--Robert Mayo, Mayo Auction & Realty
American Skiing Company used Michael Fine and his team to handle the sales auction of its remaining unsold quarter-share units at the Grand Summit located at The Canyons Ski Resort in Park City, Utah. The event was the largest ever one-day auction of quarter-share condo-hotel held in state of Utah up until that time with over 100 units in the auction. Michael Fine approached this event in a very professional fashion with great attention to detail. The process from start-to-finish was run extremely well by Michael and his team resulting in a 100% sale of all inventory in the auction at a total price well above what was expected. It is fair to say that the overall success of this auction was due to the outstanding performance by Michael Fine and his team.
--Betsy Wallace, C.F.O. American Skiing Company