WASHINGTON -- The largest auction ever of commercial properties will be held Aug. 13 in Los Angeles, the organizers said Thursday.

Seventy-three properties worth $500 million will be on the block, said Jones Lang Wootton, an international real estate services company, and Kennedy-Wilson Inc., a real estate auction and marketing firm.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.