Largest e-commerce Transaction of Any Kind. Ever.
The $96 online purchase of the Manhattan Towers office buildings in the Manhattan Beach area of Los Angeles, CA late last month was the single largest e-commerce transaction of any kind ever, and was confirmed by Guinness World Records.
Z57 real estate agents and brokers see an increasingly higher % of real estate marketing being done online in the past 10 years, and now some types of real estate transactions are being done completely online. The $96 million Manhattan Towers purchase was an auction for a commercial property, which makes it much different than a traditional residential real estate deal. And while this trend is growing most residential transactions will never be 100% online. But any record-breaking real estate deal is always great to hear about!
Read the full real estate article here.