Category: All Articles
Posted: 5/1/2019
Historic Winston-Salem homes to headline upcoming John Dixon auction
By

WINSTON-SALEM, North Carolina (May 1, 2019) -- In 1884 and 1885, two majestic homes were built side by side on what is now South Cherry Street in Winston-Salem’s central business district. Today, both of those homes are designated as historic properties and will sell to the highest bidder in an upcoming auction, with John Dixon & Associates conducting the event.

In recent years, both homes have been renovated and are zoned for commercial use, according to John Dixon, president of the auction company. “The craftsmanship in both is exquisite, and with their location, they’re both ideally located for use as law offices or similar use,” said Dixon. The auction will begin at 6 p.m. Thursday, May 23, at the property.

Both homes are included on the National Register of Historic Places.

The auction of the homes will follow the company’s auction of approximately 100 properties a day earlier in Atlanta. That auction, which will begin at 2 p.m. Wednesday, May 22, will feature real estate in 57 groupings spread over seven states – Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia.

One highlight of the May 22 auction will be an 8.7-acre equestrian center in Alpharetta (City of Milton), in North Fulton County. “This is a beautiful property, which bidders may wish to consider not only as a horse property but also as a development opportunity,” said Dixon.

Also selling May 22 will be 8.7 acres of pad ready retail land on Epps Bridge Parkway in Athens and 3.37 acres of commercial land in Canton, in Georgia’s Cherokee County.

Individuals seeking additional information may visit johndixon.com or call 770-425-1141. John Dixon & Associates, headquartered in Marietta, Georgia, conducts real estate auctions for financial institutions, investment funds and individuals throughout the United States.

 
Posted: 4/2/2019
Congratulations to Joe Tarpley for 55 Years of Auctions!
By
 

Congratulations to Joe Tarpley for 55 Years of Auctions!

 

 

Mr. Joe Tarpley just celebrated 55 years of selling real estate at auction. He helped to establish the Georgia Auctioneers Association in 1977 and has been a continued supporter of our group. Joe was inducted into the GAA Hall of Fame in 1988 and awarded by the National Auctioneers Hall of Fame in 1988. Please join us in this walk down memory lane from Joe’s early beginnings at J.L Todd Auction Company to his current position as Associate Broker, Auctioneer & Business Development with John Dixon & Associates, located in Marietta, GA.

55 Years of Auctions – JOE TARPLEY PHOTO GALLERY: 

 
 

Joe 1966 at J.L. Todd Auction Co.

 

1977 Farm Auction

 

2011 NAA Charity Auction


 
 

1999 NAA Hall of Fame Award

 
 

1988 Auctioning Commercial Property


 
 

“Mr. Joe” 2019

 

 
Posted: 2/28/2019
Commercial land and subdivision lots are hot in John Dixon auction
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ATLANTA, Georgia (Feb. 28, 2019) -- Six commercial out-parcels around a Lowe’s store in Fredericksburg, Virginia, sold for $792,000 in John Dixon & Associates’ February Multi-Seller auction of properties being sold by banks, hedge funds and investors of all sizes.

“We got a great response on the out-parcels, and the seller was pleased. In all, we sold 70 offerings for a total of $2.85 million,” said John Dixon, president of the auction company.

The auction attracted approximately 40 bidders for the two days of live bidding in Atlanta. More than 50 others watched the streamed event and bid via the Internet.

“We literally had real estate from Virginia to South Florida, and from Texas to Georgia, so there were a lot of people who were bidding on properties near them. This gives us the best of live and Internet bidding, allowing us to greatly expand our range,” said Dixon.

Sales also included two former school facilities in West Orange, Texas; canal front residential lots in Cape Coral, Florida; and 45 home sites in McCormick, South Carolina.

“One thing that jumped out was the increase in demand for quality subdivision lots, which had been slow to bounce back. It looks like the builders have about built out their supply of home sites and are back looking for more across the board. We had three home sites in Alpharetta that averaged about $83,500 each, and also got some nice prices on lots in Douglasville subdivisions,” said Dixon.

John Dixon & Associates, headquartered in Marietta, Georgia, is already lining up properties for its next multi-seller auction in the spring. Individuals, financial institutions, investment funds and others seeking additional information on selling may visit johndixon.com or call 770-425-1141

 
Posted: 10/29/2018
Marietta to Pennsylvania, 268 properties set for major real-estate auction
By

ATLANTA, Georgia -- A suite of medical offices near Savannah, an oceanview condominium in Daytona, and other real estate will be among more than 268 properties in nine states selling in two days of auctions, with John Dixon & Associates conducting the event. The properties will be grouped into 80 offerings.

The live auctions will be held Nov. 14-15 at the Mansour Conference Center, 995 Roswell Street, Marietta, with sessions beginning at 2 p.m. each day. The bidding will be streamed, and bidders from anywhere will be able to participate just as if they were in the room.

“Remote bidding will be especially important on this auction, because we have properties in nine different states – Florida, Georgia, Kentucky, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia,” said John Dixon, president of the auction company. “If someone in Pennsylvania is bidding on a property near them, there’s really no reason to make them come to Atlanta for the auction. This is more efficient for everybody,” he said.

The auction is part of the company’s Multi-Seller series, which allows banks, investors, and individuals to participate whether they have a lot of properties or just one or two.

"We have quite a few great properties right here in Georgia. One gem is a dockable residential lake lot in Greensboro (Greene County). We also have a couple of nice houses -- one in Marietta and one in Louisville," Dixon said. “This is a great auction for those seeking investment homes, with a total of a dozen homes, including three in North Carolina, and one in Pennsylvania.”  
Posted: 8/9/2018
Luxury Ocean Springs home set for September 9 auction
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OCEAN SPRINGS (August 9, 2018) -- Chateau LeJeune, a majestic 6,000-square-foot luxury home on Old Fort Bayou, will sell at auction Sunday, September 9, with John Dixon & Associates conducting the auction.

The home on 4.42 acres in the elite Maurepas Landing waterfront community, has such touches as a 250-foot pier with a boat lift, custom library with a ladder for high shelves, a full-service bar, and one-inch-thick custom imported granite floors.

“It’s really hard to overstate the level of luxury and craftsmanship in this home, which I believe is one of the most remarkable on the Mississippi coast,” said John Dixon, president of the auction company.

“Given the unique nature of Chateau LeJeune, the buyer could come from down the street or across the country, so we are marketing the home aggressively throughout the Southeast and even across the United States. Bidders will gather on September 9 to compete for the home,” said Dixon.

Other features of the home include a steel support structure, five fireplaces, an elevator with four levels, a gourmet kitchen with four under-counter refrigerator doors and two under-counter freezer drawers. In addition to the 6,000 square feet of indoor living areas, the home has 2,000 square feet of covered porches and balconies, and 2,500 square feet of garage and storage areas.

The home at 707 Rue Rivage, Ocean Springs, was built in 2008. Open houses will be from 3 to 6 p.m. on August 26 and September 8. The home will be open for inspections at 1 p.m. on the auction day, September 9, two hours before the bidding starts.

Individual tours may be set up by contacting Billie Myrick, Moran Realty Company, 228-990-5706 or 228-875-5465. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

 
Posted: 8/8/2018
More than 200 properties set for auction in two days of John Dixon auctions
By

ATLANTA – Commercial buildings, homes, land and other types of real estate will be among 226 properties from 12 states being sold at auction August 21 and 23. John Dixon & Associates will conduct the auctions, in which the properties will be grouped into 92 offerings.

The auction will include real estate in Alabama, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia.

One highlight on August 21 will be the auction of a medical office building in Garden City, Georgia, in Chatham County. “Three of the four units in this building are occupied, so it should be a great investment for a perceptive bidder,” said John Dixon, president of the auction company.

Also selling on August 21 will be a commercial office building in Valdosta and 165 acres of land in Byhalia, Mississippi. “This is a lot of land and is only a half hour south of Memphis, so I expect considerable interest in that,” said Dixon.

The auction on Thursday, August 24, will include three commercial buildings at 1768 Veterans Memorial Highway in Austell, in Cobb County, as well as 96 partially developed townhome lots on Nottingham Woods Boulevard in Palmetto, in Fulton County.

“We also have some nice properties outside the area, including a commercial-retail/office building in Murphysboro, Illinois, and a commercial building in Clinton, North Carolina,” said Dixon.

Both events will be held at the Mansour Conference Center, 995 Roswell Street, Marietta, Georgia. The event on Tuesday, Aug. 21, will include 47 offerings, and the one on Thursday, Aug. 23, will include 45 offerings. Individuals interested in additional information may visit www.johndixon.com or call 770-425-1141.

John Dixon & Associates, based in Marietta, Georgia, also has offices in Tallahassee, Florida; Clayton, North Carolina, and Myrtle Beach, South Carolina.

 
Posted: 5/17/2018
Former BB&T branches going up for auction in Triad and across North Carolina
By Luke Bollinger Reporter, Triad Business Journal May 17, 2018, 1:16pm EDT Updated May 17, 2018, 1:41pm

Eighteen bank branches will sell at auction on May 31 and will include one former BB&T branch in the Triad and three others across North Carolina

John Dixon and Associates will conduct the auction at the Marriott in Winston-Salem. The former BB&T and BancorpSouth branches up for auction are located across seven states: North Carolina, Virginia, Pennsylvania, Arkansas, Tennessee, Mississippi and South Carolina.

BB&T CEO Kelly King had announced in September that the bank would be shuttering 140 locations nationally, an increase from the 100 that it had indicated only a few months earlier in April. That represented about 6 percent of its locations, with King explaining that, ""For the last 10, 15 years, we’ve been kind of handicapped, because we’ve been having to deal (with) the digital system, while at the same time we’ve been having to carry along the traditional brick-and-mortar systems without much opportunity to rationalize the cost on the traditional system. That is changing very quickly now."

Twelve of the branches being auctioned, including the four in North Carolina, will sell absolute, with no reserve, meaning the highest bid will not have to surpass a minimum threshold to be sold.

One of the former BB&T branches is located in Denton, in Davidson County, at 94 N. Main St.

According to Davidson County tax records, the 2,304-square-foot building is valued at $301,340 and the land is valued at $20,250, representing a total market value of $321,990.

A list of the three other BB&T branch locations in North Carolina with tax record data:

  • 3201 First Ave. SW, Hickory, with a total market value of $413,500.
  • 2451 Soco Road, Maggie Valley, with a total market value of $285,700.00.
  • 140 N. McKinley St., Coats, with a total market value of $396,600.

"The Wall Street Journal recently reported that banks are closing branches at the fastest rate in decades due to customers' increased use of smartphone apps, websites and ATMs. This auction, which includes branches offered by two large regional banks, allows them to get these empty buildings off their books, while providing quality locations for other banks, credit unions and other businesses," said John Dixon, president of the auction company.

Dixon noted that most of the buildings are located in areas with good traffic and can be adapted for multiple uses, including office space, retail, food services and others. 
Posted: 5/14/2018
Major auction of bank branches in up to seven states set for Winston-Salem auction
By

WINSTON-SALEM, North Carolina (May 14, 2018) -- Nineteen bank branches in seven different states will sell at auction Tuesday, May 31, with John Dixon & Associates conducting the auction. Thirteen of the branches will sell absolute, with no reserve.

The auction will include five branches in North Carolina, five branches in Virginia, three in Pennsylvania and two in Arkansas. Other branches are located in Tennessee, Mississippi, and South Carolina. Among the North Carolina properties are branches in Hickory, Denton, Maggie Valley, Broadway and Coats.

“The Wall Street Journal recently reported that banks are closing branches at the fastest rate in decades due to customers’ increased use of smartphone apps, websites and ATMs. This auction, which includes branches offered by two large regional banks, allows them to get these empty buildings off their books, while providing quality locations for other banks, credit unions and other businesses,” said John Dixon, president of the auction company.

“Most of these are quality buildings in locations with good traffic. Even as the big banks close branches, many other businesses are growing and in need of quality space. Of course, most of these buildings can be adapted for a wide range of uses, including office space, retail and even food service. Some buyers will probably get some great deals on these, because most are selling with no reserve. Getting these branches sold will open the way for new businesses and help the local economies,” said Dixon.

The auction will begin at 11 a.m. at the Marriott Winston-Salem, 425 North Cherry Street, Winston-Salem, N.C. Remote Internet bidding available by prior arrangement. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763. 
Posted: 5/1/2018
Real estate from 12 states to sell in two-day auction
By

ATLANTA, Georgia (May 1, 2018) -- More than 300 properties across the Southeast and beyond are set for auction May 15-16, with John Dixon & Associates conducting the event. The real estate is grouped into 87 offerings, including residential and commercial land, waterfront home sites, homes, and commercial buildings.

The auction will begin at 2 p.m. each of the two days, with live bidding at the Mansour Conference Center in Marietta and remote bidding via Internet by prior arrangement. Remote bidders will be able to see and hear the bidding and converse with a bid assistant, competing in real time with on-site bidders.

Included in the auction are properties in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and West Virginia.

“This is one of our Multi-Seller auctions, so we have a number of different sellers – investment funds, financial institutions, individual investors and individuals – offering real estate during these two days. Most folks will want to focus on the properties in areas where they live or run a business, and they can either come to Atlanta or bid remotely. But we do emphasize that people need to look at any property on which they plan to bid,” said John Dixon, president of the auction company.

“We have a number of investment homes, home sites on lakes and golf courses, and some commercial buildings, especially in Georgia. For example, there’s an office building in Valdosta, a service station in Adrian, and an industrial warehouse in Cairo,” he said. 
Posted: 4/5/2018
Savannah Lakes Lodge property sells for $2.569 million
By
McCORMICK, South Carolina (April 5, 2018) – Wednesday’s auction of the conference center formerly known as Savannah Lakes Lodge drew a capacity crowd and produced a bidding contest that resulted in a total price of $2,569,600. John Dixon & Associates marketed the property and conducted the auction.

The auction included the 22,000-square-foot conference center, the 80-room lodge, the 5,000-square-foot lakefront restaurant, the pool, two tennis courts, an 18-hole miniature golf course and approximately 514 acres of land.

Bidding opened first on the conference center, lodge, restaurant, pool, tennis courts, miniature golf course and other structures, bringing $1.65 million. The land was offered in 10 parcels, then bidders were allowed to bid on all of the land together, resulting in a price of another $919,600.

"I really think the location was a key to the success of the auction," said John Dixon, president of the auction company. "The facilities sold with all of the contents, but after several years of being closed, the new owner will no doubt be investing in some updates."

The auction, held at the Hickory Knob State Park, drew a live crowd of at least 150, including 42 registered bidders. Another nine registered bidders participated online.

The company's next major event will be the auction of more than 150 properties in 60 offerings in 11 states for a major financial services company. Individuals seeking details on that and other events may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, based in Marietta, Georgia, also has offices in Tallahassee, Clayton, North Carolina, and Myrtle Beach, South Carolina.

Posted: 4/2/2018
Savannah Lakes Lodge property set for April auction
By
McCORMICK, South Carolina – The conference center once known as Savannah Lakes Lodge will sell at auction Wednesday, April 4, with John Dixon & Associates conducting the auction.

The auction will include the 22,000-square-foot conference center, the 80-room lodge, the 5,000-square-foot lakefront restaurant, the pool, two tennis courts, an 18-hole miniature golf course and approximately 514 acres of land.

“The conference center and lodge have been closed for a few years, but they can be updated so that the resort can once again become a popular destination for vacationers. All of the land will sell absolute, with no minimum or reserve. As we see our economy growing stronger by the day, this is a great time for someone to obtain a resort and land that could become a very profitable vacation destination,” said John Dixon, president of the auction company.

The conference center, lodge, restaurant, pool, tennis courts, miniature golf course and other structures will sell as an entirety. “The buildings are furnished, right down to the guest rooms, and there’s some nice furniture in there,” said Dixon.

The 514 acres of land will sell in 10 tracts, ranging from two acres to 214 acres. The land fronts on paved roads and has sewer and water service, as well as underground utilities, including fiber optic cable in front of all the tracts.

The auction will begin at 11 a.m. Wednesday, April 4, at Hickory Knob State Park, 1591 Resort Drive, McCormick, South Carolina, 29835.

Auction personnel will be available at the conference center to accommodate inspections and provide detailed information on March 28-29 and April 3-4. Individuals seeking times and information about the land and facilities may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, based in Marietta, Georgia, also has offices in Tallahassee, Clayton, North Carolina, and Myrtle Beach, South Carolina.

Posted: 3/7/2018
Improved residential real estate market produces strong results in John Dixon auction
By
ATLANTA (March 7, 2018) – Demand for homes – and land on which to build new ones – is surging, resulting in strong bidding that led to more than $5 million in sales during a two-day John Dixon & Associates auction featuring properties from throughout the Southeast and beyond.

“The real estate market overall is greatly improved, and bidders were competing vigorously for homes, subdivision lots and land. The inventory of homes on the market has dwindled to low levels, so builders and developers are looking for more land on which to build. That makes this a great time for investors, banks and others to go ahead and sell at auction,” said John Dixon, president of the auction company.

The February auction included properties owned by banks, hedge funds, corporations, estates and individuals. The February event featured properties from Georgia, Alabama, North Carolina, South Carolina, Florida, Mississippi, West Virginia, Tennessee and even Indiana. It attracted 65 registered bidders in person and another 130 who watched and bid over the Internet.

Highlights of the two days included a Panama City condominium, which sold for $270,000, and a 7,000-square-foot industrial building in Valdosta, Georgia, which sold for $245,000.

“The residential market has come back really strong, but we saw good bidding in all asset classes, including some unimproved land. This appears to be the market that investors have been waiting for to lock in solid profits on their investment,” said Dixon.

Upcoming events include an auction set for April 18-19 on 150 properties in 13 states, including Alabama, Arizona, Florida, Georgia, Illinois, Kentucky, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Wisconsin. The company also is currently organizing its next multi-seller event. A third major event, in May, will be the auction of bank branches. A major bank has already scheduled the auction of a number of branches, and other financial institutions are invited to sell in that event as well.

Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, based in Marietta, Georgia, also has offices in Tallahassee, Clayton, North Carolina, and Myrtle Beach, South Carolina.

Posted: 7/21/2017
John Dixon & Associates launches program to auction bank branches
By

ATLANTA -- With banks closing branches nationwide, John Dixon & Associates has announced that the company will conduct quarterly auctions to help banks, credit unions and other financial institutions liquidate facilities that have been closed.

The company made the announcement upon the successful auction of 14 bank branches and six commercial tracts in Alabama, Florida, Georgia, North Carolina, Pennsylvania and Virginia. The auction attracted vigorous bidding, resulting in the sale of all the properties for a total of $3.3 million.

“We’ve sold hundreds of bank branches all over the country over the years, but given the current rate at which bank branches are closing, as well as unimproved sites that were never developed, we decided to have a program geared specifically to that marketplace,” said John Dixon.

The company’s quarterly bank branch auctions will resemble its successful “Multi-Seller” auctions, which have combined offerings from banks, investors, investment funds and individuals.

“These have allowed different sellers to put as few as one or two properties in an auction and share the marketing costs with others who are selling in the same event.  Our quarterly bank branch auctions will operate on the same concept. Many financial institutions have branches or related properties for sale for various reasons.  Regardless if they have a single asset or many, we now have a program to sell branches throughout the United States in a single auction platform,” said Dixon.

He said the number of branches being offered in the near future will be higher due to the trend toward more online and remote banking, increased use and sophistication of ATMs and other market factors. Some banks also are closing older branches to open sleeker, more modern local offices in higher traffic areas, he said.

“When you can deposit a check remotely by taking a picture of it with your phone, there’s less need for a bank down the street,” he said.

 
Posted: 6/6/2017
Auction total nears $9 million in John Dixon Multi-Seller series
By

ATLANTA, Georgia -- Live and online bidders eager to buy real estate turned out in force and competed eagerly for hundreds of properties recently in a set of auctions that may mark a turning point in real estate auctions, according to John Dixon, president of John Dixon & Associates.

The Atlanta company’s most recent series of auctions topped $8.9 million in a multi-day event that featured hundreds of properties from 48 different sellers, with everything from subdivision lots to office buildings. The auctioneers sold real estate in Florida, Georgia, Alabama, Tennessee, North Carolina, South Carolina and Maryland.

The company saw a pickup in demand even on property types that have been challenging to sell in recent years. “For a long time after the crash, there was an oversupply of subdivision lots. But it appears that demand has finally caught up, and as a result you were seeing stronger prices. If that continues, people who have owned these properties for several years may finally decide it’s a good time to let them go,” said Dixon.

The auctions included events in Jacksonville, Florida as well as metro Atlanta. Each event featured live bidding, with bidders taking part both live and online.

“We saw more people wanting to be there in person, but about half the offerings also went to online bidders,” he said. Even as timed online auctions -- with no live bidding -- have grown more popular with many of his colleagues, Dixon believes the live-simulcast format generates more excitement and better results.

“We’ve done online-only auctions, and had some good results. There are situations in which those are a good choice, and we’ll use them sometimes. But it’s hard to argue with the results we’re seeing with our live-simulcast format now,” said Dixon.

The company is currently planning its next series of multi-seller auctions. Institutions, investment firms, individuals and others may visit www.johndixon.com or call 770-425-1141 for more information on including properties in those.

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation's largest auctioneers of real estate.

Posted: 5/9/2017
Atlanta auction firm John Dixon pioneers new approach opening live auctions to banks, other institutions and individuals
By

ATLANTA, Georgia -- Atlanta-based John Dixon & Associates is forging a new path to enable more banks and other institutions -- as well as individuals -- to sell real estate at simulcast auction (live and online combined bidding). 

“We analyzed the whole auction marketplace and found that real estate owners of all types and sizes needed a more efficient and cost-effective way to sell in live auctions. Our enhanced Multi-Seller program provides the excitement of a live auction and the broader reach of online bidding,” said President John Dixon.

The demand for such an approach is reflected in the company’s upcoming auction, set for May 22 in Jacksonville, Florida, and May 24 in Atlanta. Sellers include several banks, six major Real Estate Investment Trusts, and about 30 individuals, according to Dixon.

“We’re getting a big response because you can’t beat the excitement of live bidders in a room, along with online bidders who are bidding right along with them during the auction. We’ve made that approach easier and more cost-effective, and it’s paying off for everybody. More sellers can use the live auction method, and bidders have more to choose from,” he said.

The upcoming sessions will feature some 560 properties in 165 groupings, offered by 48 different sellers.

“The states with the most offerings this time around are Florida and Georgia, with others in  Alabama, Tennessee, North Carolina, South Carolina and Maryland. And because we’re doing several of these a year, sellers are able to sell properties all during the year based on their needs. I don’t know of any auction company in the country who is offering this kind of service to sellers on a regular basis,”  said Dixon.

Details on all of the properties and groupings are available online at www.johndixon.com, and bidders and sellers alike may get more information by calling 404-609-1150. The next quarterly auction is scheduled for August 15-17.

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate.
Posted: 4/25/2017
San Juan Real Estate Auction to feature medical buildings, condos and commercial properties
By John Dixon

SAN JUAN, Puerto Rico (April 25, 2017) -- A convention center, medical office buildings and condominiums, office buildings, retail space and other properties will be among more than 30 offerings in an upcoming auction of real estate in Puerto Rico. John Dixon & Associates will conduct the auction, set for Thursday, May 11, in cooperation with Christiansen Commercial Real Estate.

“This will be a remarkable opportunity for investors, or for those seeking a location for a new or existing business. Quite a few of these commercial properties have been used as medical offices and facilities and are suitable for general office space, retail space, and other purposes as well,” said Drew Dixon, of the auction company.

“Some of these are currently producing income, and many are quality buildings in highly desirable areas of San Juan, Manati, Carolina and other cities, especially along the northern coast,” he said.

Individual offerings include several attractive properties in Manati, including a commercial condominium in a medical plaza, a three-level commercial building with 19 parking stalls, and a commercial building formerly used as a surgical clinic. The largest concentration of offerings is San Juan, including commercial condominiums, commercial buildings, a home, and a mixed use building. Other properties offered include a convention center in Moca and a medical office condominium in Caguas.

The auction will begin at 2 p.m. Thursday, May 11, at the Condado Plaza Hilton, 999 Ashford Avenue, San Juan. The event will be streamed live, with online bidding available by prior arrangement. Individuals seeking more information may call 800-479-1763 or visit www.johndixon.com.

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate.
Posted: 10/26/2016
Commercial condos, office buildings among 24 properties selling in Nov. 10 real estate auction
By John Dixon
HATFIELD, Pennsylvania -- Five commercial condominiums on West Liberty Street in Lancaster will headline a full lineup of 24 commercial and residential properties selling at auction Thursday, Nov. 10. John Dixon & Associates will conduct the auction, which will also include office buildings, land, a bar/restaurant and other properties in Pennsylvania, Maryland, New Jersey, Virginia and West Virginia.

 

“We really have some great properties, including these five commercial condominiums in Lancaster -- all selling absolute -- in a beautiful building with ample parking, key card access, and shared conference rooms,” said Drew Dixon, who is coordinating the auction.

 

 
A country retreat in Landenberg, Pennsylvania, is also expected to attract some interest, Dixon said. “This is an eight-bedroom multi-level home with 200-year-old hand hewn beams providing a lot of character. It was set up as a four-unit apartment and is ideal for rentals, use as a bed & breakfast or a single-family home,” he said.

 

Other properties slated for sale include office buildings in West Virginia and New Jersey, as well as vacant, multi-family and mixed-use land, he said.

 

“This will be a great opportunity for individuals, developers or investors to acquire some properties that can provide income streams and business opportunities,” said Dixon.

 

The auction will begin at 1 p.m. Thursday, Nov. 10, at 501 Fairgrounds Road, Hatfield, in the facilities of Alderfer’s Auctioneers & Appraisers. The auction will be simulcast, with Internet bidding available by prior registration. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

 

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate properties, including land, residential, commercial and industrial properties.

Posted: 8/30/2016
A Major Real Estate Auction in Puerto Rico
By John Dixon
 
 
Puerto Rico will soon play host to a major real estate auction by John Dixon & Associates.

The Sept. 10 auction will include more than 40 real estate properties in Puerto Rico, including residential, commercial, retail, multi-family and office properties.

The properties are being sold by a United States based equity fund focused on Latin America and the Caribbean.

“There’s never been a better time to buy real estate in Puerto Rico, whether you live on the island or on the mainland, and this auction provides a rare opportunity to acquire some great properties,” said John Dixon, president of the auction company. “We have a lot of high-quality properties that will be of interest to individuals, investors, builders and developers in the United States as well as Puerto Rico.”

Among the properties are medical offices, three restaurants, shopping centers, a 45-room motel, a townhome and tracts of land for development.

The auction will begin at 11 AM eastern time at the Condado Plaza Hilton in San Juan.

“This will be a live auction, streamed in real time on the internet. Online bidders may communicate with auction personnel on the floor of the event and enter their bids at the same time as live bidders,” Dixon said.

Source Caribbean Journal staff
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Posted: 1/27/2016
The perfect auction for real estate investors
By John Dixon

Longtime business leader A.B. Rose to sell properties at auction

ROCKY MOUNT, North Carolina (Jan. 27, 2016) -- After a lifetime of living and doing business in North Carolina, A.B. Rose and wife Carol are planning to move to Arizona. And that means his lakeside home, an office building, commercial land and other Nash County properties need to be sold.

So Rose has retained John Dixon & Associates to market 18 of his properties in a live auction set for 11 a.m. Saturday, Feb. 20, at the DoubleTree by Hilton in Rocky Mount. “I used an auction to sell business assets, so I was familiar with the process. This will clear the way to move to where we can downsize and be closer to family,” said Rose, whose A.B. Rose Construction Company closed in 2009. 

The five-bedroom home at 905 Old Mill Road sits on almost eight acres overlooking a 10-acre city-owned lake for which the owner of the home will have exclusive use. “The lake was a rock quarry to which we retained the exclusive rights, which will pass on to the buyer. It’s maintained by the City of Rocky Mount,” said Rose.

Another highlight in the auction will include the two-story office building at 430 S Wesleyan Boulevard in Rocky Mount. “This building has room for 10 offices, as well as a reception area, work room, file room, three restrooms and a full bath. It would be a great location for an insurance agency or almost any type of professional office,” said John Dixon, president of the auction company.

Also selling will be a 114-acre farm with a home for rental income, and a commercial property with an equipment shed, shop and shelter buildings. Other properties include several commercial land tracts, five of which are along S Wesleyan Boulevard.

Bidders will also be able to participate online while viewing a live simulcast.

Individuals seeking additional information may visit www.johndixon.com or call 404-625-6410.

John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida and North Carolina, is one of the nation's largest auctioneers of real estate properties, including land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.

Posted: 7/22/2015
Market Shift: Becoming a Seller's Market
By John Dixon
The real estate market seems to be shifting to more of a seller's market, and that means it's a good time for investors and others to market their property through one of our Multi-Seller Auctions. Carl Carter and I talked about these changes, and about what sellers can expect when they consider selling in a John Dixon Auction.
 
Posted: 5/26/2015
Multi-Seller Auctions Continue to Draw Bidders
By John Dixon
We just came off another week in which we conducted three Multi-Seller auctions in as many days. The important thing to remember is that in many cases, the sellers probably would not have found an auction feasible without joining force with other sellers. The Multi-Seller format provides the "critical mass" to ensure cost-effective marketing and attract bidders.  -- John
 
 
Multi-Seller Auctions Continue to Draw Bidders
 
ATLANTA, Georgia (May 26, 2015) – Approximately 210 bidders turned out for a series of John Dixon & Associates auctions May 19-21, snapping up dozens of properties for a total of $2.86 million. The company began the series in Tallahassee, then moved on to Brunswick, Georgia, ending at its home offices in Marietta, Georgia.

“Our online buyers played a little bigger role in this group of auctions,” said John Dixon, president of the auction company. “Typically, we’ve had online bidders buying about half the properties offered in our auctions, but last week, the online bidders were more prominent, buying about two-thirds of the properties sold.”

The auctions featured properties from numerous sellers, using the company’s Multi-Seller format.

“The Multi-Seller auctions are continuing to evolve, as both sellers and bidders get more familiar with the concept. Sellers can offer just a few properties or even one, and the marketing cost is prorated. Bidders like them because they sometimes provide a wider variety. We still have some bank-owned properties in the auctions, but there are also some that are being sold by individuals, investors or investment funds,” said Dixon.

The company has already begun making plans for its next Multi-Seller auctions. “We’re getting a lot of inquiries on these. We’ve already been selling real estate from all over the Southeast, but we’re starting to get some from other regions as well, and the format works well for those as well,” said Dixon.

Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida, North Carolina and South Carolina, is one of the nation's largest auctioneers of real estate properties, including land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.

Posted: 5/6/2015
Multi-Seller auctions coming May 19-21
By John Dixon
We're really excited about the response we're getting -- from bidders and sellers alike -- to our Multi-Seller auctions, which feature properties from different sellers. We have a great lineup of properties coming up. Here's a news release on the auctions, as well as a podcast in which Buddy Lee talks about the success of our Multi-Seller events.

 
May Multi-Seller Auctions to Include Prime Land, Commercial Properties

ATLANTA, Georgia (April 29, 2015) -- From prime waterfront land on the Gulf of Mexico to lakefront and commercial land in North Carolina, more than 300 properties are set to sell in a series of three May auctions in Tallahassee, Brunswick, Georgia, and Atlanta. John Dixon & Associates is managing all three Multi-Seller events, in which the real estate will be grouped into approximately 100 property offerings.

The series will open at 11 a.m. Tuesday, May 19 in Tallahassee, where properties will include home sites in the East Bay area of Panama City, an oceanfront home site on St. George Island, and a lodge and land in Carrabelle, Florida. The second event, which will begin at 11 a.m. Wednesday, May 20, in Brunswick will feature commercial properties in Camden County as well as home sites around Brunswick. The finale on May 21 in Atlanta will include commercial land and a home in Hayesville, N.C.

“This group of properties really illustrates the evolution we’re seeing in the industry. This auction includes properties owned by several banks, but it will also feature a good bit of real estate being sold by investors who have acquired it within the last few years and are now ready to sell it,” said John Dixon, president of the auction company.

“Each of these three auctions will be very different from the others. The Tallahassee event, for example, will have some really nice residential and commercial land. In Brunswick, we’ll have more in the way of commercial buildings, though there will still be some very nice residential property and home sites. In the Atlanta event, those North Carolina properties will include an incredible home site and commercial land near the Hayesville court house. The Atlanta event will also feature properties from Alabama, South Carolina, Tennessee and Indiana,” said Dixon.

Individuals seeking additional information, including auction locations, may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida, North Carolina and South Carolina, is one of the nation's largest auctioneers of real estate properties, including land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.

Posted: 2/4/2015
Why a live John Dixon auction with simulcast beats online-only
By John Dixon
A lot of folks are saying that an online-only auction gets results that are just as good as a live auction. I beg to differ, and I think you can see why in this little video clip that shows the energy we put into a live auction. As you watch, there are two important things to remember: (1) You're only seeing about half the bidders, because the others are watching all the action and bidding over the Internet, and (2) the live auction reflects weeks of hard work at getting photos, putting up signs, conducting due diligence and and preparing each property for sale.
 
Best of all, you don't have to be a banker or big portfolio manager to sell in a John Dixon auction. The auction you're watching actually had a number of different sellers, some of whom sold only one or two properties. By combining the resources of multiple sellers, we enable virtually anybody with real estate to sell it at auction. 


Posted: 1/30/2015
How Multi-Seller Auctions Can Help You Sell Your Real Estate
By John Dixon
We at John Dixon & Associates are best known for our multi-property auctions for banks. But you don't have to be a bank or a big institution to sell property in a John Dixon auction. Our Multi-Seller Auctions pool the properties and share the costs among all the sellers, so you can sell your property at auction even if you only have one or pieces. This is ideally suited for individuals, small investors or even large portfolio investors who just have a couple of properties to sell.
 
After a recent Multi-Seller Auction, I sat down with Carl Carter to talk about the process and how it can enable more property owners to sell at auction.
 

Posted: 7/23/2013
Auctioneers Hall of Fame induction
By John Dixon

I had the great and unexpected honor of being named to the Auctioneers Hall of Fame last week. In keeping with National Auctioneers Hall of Fame tradition, I was kept in the dark, and didn't realize I was being inducted until my associate Joe Tarpley -- one of our agents at John Dixon & Associates -- began summarizing highlights of my career, which began in 1976.

Only 140 members have been inducted into the Hall of Fame, so it's humbling to be part of such an esteemed group. The Hall of Fame is nominally a recognition for lifetime achievement, but in truth, the people who deserve credit for this are the associates who have brought such energy, creativity and hard work to the business, as well as to the family members who have been so supportive.  

Posted: 7/23/2013
John Dixon elected to Auctioneers Hall of Fame
By John Dixon

Marietta's John Dixon elected to Auctioneers Hall of Fame

ATLANTA (July 23, 2013) -- John Dixon, founder and president of Marietta-based John Dixon & Associates, was inducted into the National Auctioneers Association's Hall of Fame Thursday night when the nation's auction professionals met in Indianapolis for their annual convention.

Dixon was one of three individuals named to the prestigious body, which has admitted only 140 members in its entire history.

"Apparently, everybody in the company knew but me, which is the way it's supposed to be," said Dixon. "I did notice we had more people from John Dixon & Associates than usual attending the convention, but I didn't think anything of it. It is one of the greatest honors of my life, and I'm humbled by the recognition."

Announcing Dixon's name during ceremonies at the Indianapolis Convention Center was veteran auctioneer Joe Tarpley, who is an agent with John Dixon & Associates.

Dixon has been in the auction business since 1976 and has served in numerous leadership roles in the industry, including service as a director of the NAA and as president of the Georgia Auctioneers Association. He has been instrumental in the sale of thousands of residential and commercial properties for individuals and banks throughout the United States, as well as for the Resolution Trust Corp., the Federal National Mortgage Association (Fannie Mae), and the FDIC.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States. Individuals seeking additional information may contact the firm at 770-425-1141 or visit www.johndixon.com.

Posted: 7/15/2013
Auctions an effective tool for REITS, hedge funds, other institutional investors
By John Dixon

There are a lot of reasons to sell real estate. During the last few years, we've sold thousands of homes, restaurants, stores, subdivision lots and other properties for banks who acquired them either through foreclosure or through mergers and other transactions with other institutions.

For lenders, it's generally an easy decision to sell, because they're not in the business of owning properties in the first place. For other institutions, including hedge funds, pension funds and Real Estate Investment Trusts, the answer isn't quite as simple.

To deal in the quantities required to be a meaningful part of their portfolios, these large investors often acquire entire portfolios or groups of properties, so not everything they end up owning was hand-picked to suit their investment objectives. Over time, they face the challenge of selling the assets that don't fit. That can be slow, expensive and time-consuming.

The auction process provides the liquidity that is so critical to the management of an institutional portfolio, and a the options are endless. Properties can be sold one at a time, or dozens at a time. The auction can be online or live, or a combination. The marketing can be aimed at individuals, small investors or other institutions. The focus can be local, regional, nationwide or international, depending on the asset.

We have experience with every conceivable type of real estate, in all sorts of situations.

I usually advise portfolio managers to begin with an open mind. Tell us what you need to sell, and what your expectations are. That way, we can recommend a strategy based on our vast experience.

 

 

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