A Hunterdon County real estate firm is branching out into the Big Apple.
Max Spann Real Estate & Auction Co. said Tuesday it will open an office in Manhattan to service its national clientele, though it will retain its Clinton headquarters.
Max Spann Jr., the company’s president, said the new office will help the company accommodate growth in its offices nationwide. He said the company has continued to see growth despite the recession.
“Our business tends to be somewhat countercyclical,” he said.
The company’s business model offers competitive bid events, including auctions, to sell properties. Spann said that process allows sellers to control the timing of the sale, and the competitive bid platform optimizes prices. He said that’s important in good economic times, but particularly important in bad times.