May 25, 2017 Comments Off on Ten-X Poised to Hit $1B Online CRE Trades Views: 444 California News, Orange County

Ten-X Poised to Hit $1B Online CRE Trades

Despite the talk about technology finally “disrupting” CRE, many aren’t aware that tech is beginning to transform the most fundamental real estate process: buying and selling buildings. Irvine, CA-based Ten-X Commercial just released “Offer Select 2.0,” which closely mirrors the traditional process of marketing and transacting commercial real estate, but brings it entirely online.

Ten-X Commercial’s Steve Jacobs says, “On the heels of the solid traction Offer Select gained in its first year, we listened intently to our customers’ feedback on how we could further improve the platform and make its functionality even more powerful and intuitive.”

Based on its recent successes, projections show that it is poised to trade over $1 billion in CRE assets this year. The implications of that shift are immense; while real estate is one of the three largest industries in the world, it is one of the last commodities to be traded online.

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