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Matthews Southwest, developer of The Beat at the South Side on is the first local condo owner to participate in an onlind auction atstartup iBidcondo.com. “If you’ve got maybe 10,000 people exposed to The Beat, that’z potentially bringing more back tothe neighborhood,” said Jack president of Matthews Southwest. “And it gets Realtors looking andsaying ‘I better add this to my ” Australian-born architect and developer Eugene Marchese started iBidcondo.com at the end of 2008 in response to the failing lending market for condo “We needed to find a new way to bring buyerd of property together with sellers of Marchese said.
“Property auctions are common in Australia. In the U.S. they’res used pretty much for distressed properties asa
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