Who’s buying office buildings right now? You can get the answer to that question from our President Steven Jacobs on the April 17, 2024 episode of Motley Fool Money. He joined Motley Fool’s team of investment analysts for an insightful discussion of the most recent financial news and headlines and topics in CRE, including: Office trends on the Ten-X platform The...
Republished with permission from SIOR . While CBRE has reported that U.S. CRE investment volume fell by 54% from Q3 2022 to Q3 2023, today there are signs that may indicate a potential increase in transaction volume in 2024. Ten-X’s national director of training, Ian Grusd, recently joined the Society of Industrial and Office Realtors (SIOR) for a discussion on...
As the first quarter of 2024 nears its end, Ten-X has seen an early bump in activity, including a transaction rate rising back above 60%. Steven Jacobs, Ten-X President, spoke with GlobeSt.’s Jack Rogers about 2024’s initial trends and what they could mean for online auctions throughout the year. “What we’re seeing is more acceptance on the actual pricing, more...
While older office properties have seen soaring vacancy rates, there has also been steady year-over-year growth in the number of Class-B and -C office properties on the Ten-X platform since the onset of the COVID-19 Pandemic. Ten-X President Steven Jacobs spoke with REJournals about this trend—and how online auctions have demonstrated themselves to be the “escape...
Ten-X’s President Steven Jacobs and Vice President of Sales Brandon Lewe spoke to Benzinga about the recent developments in the multifamily sector—and how market conditions have impacted the platform’s criteria for properties. “Multifamily has been propelled by tailwinds over the last few years, but external factors, such as continued interest rate hikes and...
CRE professionals from CBRE and NAI Pleasant Valley recently shared their experience with using online auctions to sell properties—and how they’ve helped them make quicker deals and reach a much wider pool of buyers. “It was transformational for my business,” said Kevin Moss, a retail specialist at CBRE’s Cleveland office. He continued, “When we were all sitting...
Following the Signature Bank loan portfolio sale in late 2023, Victor Gutierrez, Ten-X’s Vice President of Platform Operations, spoke to Commercial Observer with his insights on the Signature process and the aspects that may have benefited from additional communication. “I think what was missed here was just outlining the requirements of the registered bidders...
In a market where uncertainty rules, finding a buyer with the cash to pull the trigger and closing the deal fast are top priorities. Online auction platforms only handle about 1% of the annual CRE sales transaction volume, but recent activity—hotels are flipping like hot cakes in digital auctions—signals that auction platforms are ready for prime time. “The...
In the early months of 2023, hotels have been the most successful asset class on Ten-X, following a period of steady momentum. “Buyers love the category,” said Brandon Lewe, Ten-X Vice President of Sales. “Last year hotels had the highest trade rate (62%) of any asset class and this year, even more investors want to buy. And the trade rate has climbed 10...
Ten-X’s most recent Auction Insights report explores the current state of the multifamily sector, shaped by these key trends: Rising interest rates An influx of new housing stock A historically high volume of simultaneously maturing loans “Multifamily has been propelled by tailwinds over the last few years, but external factors such as continued interest rate...
