Quincy and Boston firms team up on real estate auctions

A Boston real estate brokerage is joining forces with Quincy’s Daniel J. Flynn & Co. on a new joint venture that will specialize in selling distressed real estate at auctions.

Flynn/Boston Realty Advisors LLC is designed to accelerate sales of distressed properties in a real estate market that’s making it difficult for buyers and sellers to strike a deal.

“No one knows what the values are,” said Jeremy Freid, a principal with Boston Realty Advisors. “That’s the problem out there right now.”

The firm will market residential and commercial properties for a quick sale, through the use of sealed bid submissions as well as traditional “open cry” auctions on the premises.