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Real estate partner Craig Coan shared his insights with Los Angeles Business Journal in response to the question: Why sell via auction?

Excerpt:

“Buyers are all pre-vetted,” added Craig Coan, a partner at Greenberg Glusker LLP specializing in real estate and business. “They have to show the ability to buy the property. There’s a significant earnest money deposit that a buyer has to make in order to bid on the property. It’s very transparent.”