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Surplus Record is exclusively a publisher, and offers advertising services to Dealers, Auctioneers, Public Utility, and Manufacturers who want to sell their machinery, electrical, and power equipment through listings on the website as well as a monthly publication circulated to 55,000 manufacturers each month and 130,000 unique manufacturers over the course of a year. [7]
The War Assets Administration (WAA) was created to dispose of United States government-owned surplus material and property from World War II. The WAA was established in the Office for Emergency Management, effective March 25, 1946, by Executive Order 9689, January 31, 1946. It was headed by Robert McGowan Littlejohn.
Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at the auction. [citation needed]
Built in 1905, the building was originally a New York Central Railroad freight depot. The building will soon return to the market. Rapid Transit Building auctions off nearly 500 items in 4 hours.
Warehouse construction began in May of that year, and by August, six warehouses were receiving material for storage. Those warehouses are still in use today. The lull between World War I and World War II reduced center operations to mostly reconditioning and sale of the stockpiles which had been needed earlier to ensure the nations defense.
Through the government agency, Reconstruction Finance Corporation (RFC), Strandlund ultimately received over $37 million in loans plus a leased war surplus plant in Columbus, Ohio. This was the first venture capital loan made by the federal government. Initially, Strandlund was provided the availability of a war surplus plant in Chicago. [5]