Condo.com, the on-line marketplace for condominiums, has expanded its services in the sale of condo projects. Through an alliance with CB Richard Ellis, one of the leading corporate real estate brokerages, the two companies will work together for the bulk sale of distressed condominium projects. The website now has a special section for investors to support this expansion in services.
I like this move by early stage Condo.com to react to a market opportunity and expand its range of services in its core competency--online sale of condominiums. I also like that they are partnering with a first class company, which only increases their credibility and prestige. Condo.com has financial backing from the Swerdlow Group, a leading Florida real estate developer, and this depth of industry expertise is helping to craft a well developed strategy.
My first post on Condo.com is here.