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About Rich Kruse

Richard F. Kruse is Managing Partner of Gryphon USA, Ltd. The company oversees a receivership & asset management group, a commercial auction business and, in conjunction with Borror Properties, a full service real estate advisory practice. Mr. Kruse’s engagements are primarily focused on complex state and federal level legal matters, foreclosure and insolvency. Since 1996, he has acted in the capacity of receiver, interim manager, asset purchaser, liquidating agent, equipment appraiser, broker, property manager and/or auctioneer in transactions throughout the United States, Mexico and Canada – all with combined asset values over $2 billion dollars. In 2003, Mr. Kruse began strategically focusing on regional projects and accepting receivership appointments throughout Ohio, and ever since, has operated and sold or wound-down over 250 corporate entities through negotiated sale and auction. Mr. Kruse routinely teaches seminars on distressed asset management and corporate wind down and is an instructor at The Ohio Auction School. He is frequently consulted as an industry expert by the Columbus Dispatch and Columbus Business First newspapers. In 2011, Mr. Kruse participated in drafting new local rules for receivership management in his home base of Franklin County, Ohio. Most recently, he has been active in promoting and drafting modified legislation language related to streamlining the foreclosure sale process in Ohio. Mr. Kruse is a member of the American Bankruptcy Institute and Turnaround Management Association, where he formerly sat on the board of the Ohio Chapter. He is a member of the National and Ohio Associations of Realtors, and National and Ohio Auctioneers Associations. Mr. Kruse was recognized as “One to Know” in Real Estate 2013 by Business First, and in October of 2013, he was appointed by Governor John Kasich to fill a vacancy on the Ohio Auctioneers Commission. His first full term on the Commission began in late 2014. Mr. Kruse acts as advisor on strategy and finance to political candidates in Central Ohio, and is a graduate of the 2006 Leadership Columbus Program. In his personal life, he is dedicated to causes like education, children and politics. He is an active volunteer, fundraiser and parishioner at CenterPoint Church Gahanna where he participates in many hospitality functions and youth program. When he’s not working, he enjoys traveling and cooking. Mr. Kruse and his wife, Melissa, have one daughter, Savannah, and live in a northern suburb of Columbus, Ohio.

Online Only Bankruptcy Auction

May 18, 2016 (COLUMBUS, Ohio) – Gryphon Auction Group and auctioneer Richard Kruse have been engaged to undertake an Online Only Bankruptcy Auction of 1001 Oakland Ave., Cambridge, Ohio, 43725.  The property is a 6 unit apartment building with 5 x 2BR townhomes and 1 x 1BR apartment. The location is owned by JC Fodale [...]

By |2017-08-17T15:19:16-05:00August 4th, 2016|Auction, Online, Real Estate|Comments Off on Online Only Bankruptcy Auction

Receivers Auction – The Hoop

Hoop Sports Bar Columbus, OH – February 2, 2016 -- Gryphon USA with Borror Properties CRE and auctioneer Richard Kruse are at it again with another online only real estate auction.  This time it’s the location of the former Hoop Sports Bar at 20 W. Benson St., in Reading, Ohio. “The Hoop” features a [...]

By |2017-08-17T15:19:17-05:00August 4th, 2016|Auction, Online, Real Estate, Receivership|Comments Off on Receivers Auction – The Hoop

Kettering’s National Composites Center set for auction

KETTERING, Ohio (July 31, 2015) -- The 196,000-square-foot facility that has served as home to the National Composites Center is being sold in a live and online auction culminating August 26, with SVN Gryphon Parker, LLC managing the sale. “The center has played an important role in the area’s economy over the years by providing [...]

By |2017-08-17T15:19:17-05:00August 1st, 2015|Auction, Online, Real Estate|Comments Off on Kettering’s National Composites Center set for auction

Gehres, Tisland win NAA International Auctioneer Championship

ADDISON, Texas (July 17, 2015) – Emerging from an overall field of 97 competitors, Tammy Tisland, of Hines, Minnesota, and Peter Gehres, of Hilliard, Ohio, were crowned as winners of the women’s and men’s National Auctioneers Association 28th International Auctioneer Championship, which took place Friday at the InterContinental Dallas Hotel. Both Tisland and Gehres received [...]

By |2017-08-17T15:19:17-05:00July 18th, 2015|Auction|Comments Off on Gehres, Tisland win NAA International Auctioneer Championship

Real Estate Auction Underway for Dayton Public School District

SVN Auction Services and SVN Gryphon/Parker coordinate auction of 24 surplus vacant land parcels throughout the Greater Dayton area; Bidding begins August 11 June 25, 2015 (Columbus, Ohio)  The real estate auction for the Dayton Public School District ("DPSD") portfolio of surplus properties located throughout the greater Dayton, Ohio area is now underway. Led by [...]

By |2016-10-04T10:09:38-05:00June 25th, 2015|Auction, Real Estate|Comments Off on Real Estate Auction Underway for Dayton Public School District

SVN Gryphon Parker Adds 2 Additional Seasoned CRE Advisors

April 1, 2015 (Columbus, Oho) – Sperry Van Ness Gryphon Parker is pleased to announce that Jack Turner and Brent Greer have joined the firm to focus on investment sales and leasing as well as development projects. Jack has over 35 years of experience involving all aspects of commercial real estate including site selection and [...]

By |2017-08-17T15:19:18-05:00April 1st, 2015|Foreclosure, Online, Real Estate, Receivership|Comments Off on SVN Gryphon Parker Adds 2 Additional Seasoned CRE Advisors

REAP Graduate Joins SVN Gryphon Parker in Central Ohio

March 15, 2015 (Columbus, Oho) – Sperry Van Ness Gryphon Parker is pleased to announce that Maurice Hillman has joined the firm to focus on office, flex and industrial sales and leasing. Maurice is new to the real estate industry having recently graduated from the 2014 Columbus Real Estate Associate Program (REAP). REAP is an [...]

By |2016-10-04T10:09:38-05:00March 25th, 2015|Auction, Foreclosure, Online, Real Estate, Receivership|Comments Off on REAP Graduate Joins SVN Gryphon Parker in Central Ohio

Seasoned Investment Broker Joins SVN Gryphon Parker in Central Ohio

December 26, 2014 (Columbus, Oho) – Sperry Van Ness Gryphon Parker is pleased to announce that Chris Salomone has joined the firm to focus on investment sales and property management in the Corporate Services division of the company. Chris has over 25 years of commercial real estate experience in sales, leasing, asset management, distressed properties [...]

By |2016-10-04T10:09:38-05:00December 26th, 2014|Auction, Foreclosure, Online, Real Estate, Receivership|Comments Off on Seasoned Investment Broker Joins SVN Gryphon Parker in Central Ohio

Parker/Kruse Appointed Receiver for Washington Park in Dayton

November 21, 2014 (Columbus, Ohio) Parker Kruse Asset Management and its’ principals Richard Kruse and Shawn Parker have been appointed as receiver and ordered to take control of 7777 & 7778 Washington Park Drive, Dayton, Ohio. The Complaint in Foreclosure was filed on behalf of American National Insurance Company on September 19, 2014 with a [...]

By |2016-10-04T10:09:38-05:00November 21st, 2014|Foreclosure, Online, Receivership|Comments Off on Parker/Kruse Appointed Receiver for Washington Park in Dayton

Gov. Kasich Reappoints Kruse to Ohio Auctioneers Commission

October 16, 2014 (COLUMBUS, OH) Ohio Governor John R. Kasich has reappointed Richard F Kruse, Managing Director of Sperry Van Ness Gryphon Parker Commercial Realty, to the Ohio State Auctioneers Commission for a full 3 year term. Mr. Kruse had been appointed earlier to complete the unexpired term of former Chairman, David Schnaidt. “There are [...]

By |2016-10-04T10:09:38-05:00October 16th, 2014|Commissioner|Comments Off on Gov. Kasich Reappoints Kruse to Ohio Auctioneers Commission