For nearly 20 years, we’ve been on a mission to digitize the world of commercial real estate. From making transactions twice as fast and twice as certain through our online auctions to putting them in front of the world’s largest CRE marketplace on LoopNet, we’ve continually strived to revolutionize what it means to transact CRE online.
We’re excited to enter a...
When it comes to listing and selling CRE, more exposure brings more opportunity. The combined network of CoStar, LoopNet, and Ten-X attracts over 13 million website visitors per month—the world’s largest dedicated commercial real estate audience. When corporations ranging from Mom & Pops to the Fortune 1000 seek their next lease or investment, LoopNet is often...
Looking for your next investment opportunity? In addition to properties for lease and sale, you can also browse Ten-X auction properties on LoopNet. But did you know that you can also register to bid on these properties directly on LoopNet? Before you can participate in an auction event, you will need to register to bid for each specific asset you plan to bid on...
When you register to bid on a Ten-X auction property, you’ll be asked to provide proof of funds. This is a necessary step in Ten-X registration—you will not be able to complete the registration process and participate in one of our auctions without completing this step. What are proof of funds? Proof of funds demonstrate a bidder’s ability to purchase assets...
This article originally appeared on STR . It has been republished here with permission. Top-Line Metrics (December 2024 vs. December 2023): Occupancy: 53.2% (+1.1%) Average daily rate (ADR): US$156.67 (+3.3%) Revenue per available room (RevPAR): US$83.30 (+4.4%) Key Points Largest monthly RevPAR gain of the year Highest quarterly RevPAR growth since Q1 2023 13...
Does it ever feel like online auctions have their own language? From absolute auctions to valuations, here are some of the most important terms and phrases to understand as you participate in an online CRE auction. General Auction ABCs Though the auction space has evolved along with modern technology, we still use quite a few words and phrases from the days of...
The September 2024 issue of BID Magazine is here! This month we're highlighting the Mid-Atlantic regions of the US, with a special spotlight on Tennessee. The September 2024 BID Magazine includes... Insights into the latest trends in the Tennessee CRE market. Make your investment decisions with the latest data and insights from CoStar Analytics, with special...
Ten-X has no doubt had a great impact on our bottom line—and helping clients get deals done. I head up investment sales for the Tri-State region. The majority of our business is in New York City, and we do all different asset classes—so about half of what we sell is multi-family, mixed-use; we do a lot of retail, office, development sites, industrial, and the...
There’s a common misperception that online auctions are a transaction method reserved for distressed assets. On the contrary, online auctions are a way to accelerate the transaction of any type of property while ensuring certainty and transparency. When 2670 Union Avenue, a Class B office property located outside of downtown Memphis, Tennessee, first came to Ten...
In Westfield, New Jersey, located 2 blocks from a train station and just 16 miles southwest from the heart of Manhattan, sits a prime two-story retail property, fully leased to the Gap. Its accessible location in a high-income town with a well-established tenant made this a highly desirable opportunity for potential investors. For the broker and the seller, the...
For nearly 20 years, we’ve been on a mission to digitize the world of commercial real estate. From making transactions twice as fast and twice as certain through our online auctions to putting them in front of the world’s largest CRE marketplace on LoopNet, we’ve continually strived to revolutionize what it means to transact CRE online. We’re excited to enter a...
I’m pleased to share some exciting news about the future of our online auctions. Starting on March 27, Ten-X commercial real estate auctions will move to be listed on LoopNet, the world’s largest commercial real estate marketplace. As the #1 transaction technology powering commercial real estate sales online, we’re committed to making transactions twice as fast...
Over the past 12 months, Ten-X's trade rate has averaged over 50%. But which markets are really seeing the most activity? Our Regional Vice President, Kevin Spellacy, broke down some of Ten-X's recent transaction trends with GlobeSt. Here are some of the highlights: Columbus, Boston, Philadelphia, Cleveland, and Detroit are among the top-performing markets, with...
