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...
Though CREFC's June 26–July 11 Board of Governors Sentiment Index indicated growing caution in the US economic outlook, many CRE professionals are feeling a heightened sense of optimism on the impact of mortgage and cap rates, with Q2 reporting a 41% positive outlook compared with Q1's 31%. Victor Gutierrez, Ten-X's Vice President of Platform Operations, joined...
Are online auctions only for distressed assets? This is just one of many myths and misconceptions about online CRE auctions that Ten-X President Steven Jacobs is ready to debunk. Jacobs joined Nate Smoyer for Episode 221 of Tech Nest: The Proptech Podcast, a weekly podcast dedicated to highlighting the founders and leaders who are working to transform the way we...
On the July 11, 2024 episode of Bloomberg Intelligence, Ten-X President Steven Jacobs joined hosts Alix Steel and Paul Sweeney for a discussion on the current state of the CRE market, sharing his outlook for the future based on the platform's auction activity. "In Q4 2023 and going into Q1 2024, we saw more activity and interest from the investors bidding and...
Baltimore's iconic One Charles Center office building, once owned by Orioles owner Peter Angelos, recently sold in a Ten-X auction event. Angelos initially purchased the property in 1996 for $6M, and the property successfully sold for $4.1M in Ten-X's auction following an earlier unsuccessful attempt to sell. Ten-X Senior Sales Director Bradd Caplan joined The...
On April 4-15, the CRE Finance Council took its quarterly Board of Governors Sentiment Index Survey, finding mixed optimism levels about the impact of mortgage and cap rates on commercial real estate. While 31% of respondents expected these rates would have a positive impact on the industry, 37% predicted a negative one. Victor Gutierrez, Ten-X’s Vice President...
Could Michigan be seeing a new wave of online auctions? Ten-X’s Vice President of Platform Operations, Victor Gutierrez, shared his insights on the Michigan market based on recent trends he’s observed on the Ten-X platform. “I don’t think Michigan is any different from the rest of the country,” said Gutierrez. “Transaction volumes were steadily increasing right...
Following the $13.5 million sale of a Downtown LA mixed-use retail and office property, many leaders in the commercial real estate industry feel that the Los Angeles marketplace is poised for an increased wave of auctions through the remainder of 2024 and 2025. The reason may be the market’s distress, rising interest rates, and high vacancy levels. Victor...
