Crexi

Crexi

Commercial real estate marketplace platform

About Crexi

Simplify's Rating
Why Crexi is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Data & Analytics

Real Estate

Company Size

201-500

Company Stage

Series B

Total Funding

$52.5M

Headquarters

Sacramento, California

Founded

2015

Overview

Crexi operates a marketplace and technology platform specifically for the commercial real estate (CRE) sector. It provides a range of workflow management tools and customizable data analytics that help streamline the CRE process from listing properties to closing deals. The platform caters to various clients, including brokers, investors, and property managers, equipping them with the tools needed to manage real estate transactions efficiently. Crexi generates revenue through subscription services, transaction fees, premium listings, and additional value-added services. By combining advanced technology with user-friendly interfaces, Crexi's goal is to simplify and speed up the CRE transaction process, enhancing efficiency and transparency for all users.

Simplify Jobs

Simplify's Take

What believers are saying

  • Crexi benefits from the growing trend of flexible office spaces and co-working environments.
  • The integration of AI-driven analytics enhances decision-making and market insights for users.
  • Blockchain technology can streamline Crexi's transaction processes, increasing transparency and efficiency.

What critics are saying

  • Increased competition from CoStar threatens Crexi's market share in commercial real estate services.
  • Legal challenges from CoStar over copyright infringement could damage Crexi's reputation.
  • Competitors' strategic acquisitions may pressure Crexi to innovate and expand its offerings.

What makes Crexi unique

  • Crexi offers a comprehensive marketplace tailored for the commercial real estate sector.
  • The platform integrates advanced technology with user-friendly interfaces for efficient transactions.
  • Crexi's partnership with CCIM Institute enhances its property listing services nationwide.

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Funding

Total Funding

$52.5M

Meets

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Crexi
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Stock Options

Gym Membership

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
PRLog
Nov 24th, 2023
Historic Worcester Quarry Property In Prospect, Maine, Listed For $2.3 Million

By: Adrienne Wylder, Rivers by the Sea RealtyLocation: The property features over 1,000 feet of waterfront on the Penobscot River, surrounded by land preserves.Versatility: Suitable for various uses, from residential living to commercial ventures or large-scale development.Suitable for various uses, from residential living to commercial ventures or large-scale development. Existing Structures: Includes a 3 bedroom/2-bathroom home with modern kitchen upgrades and commercial-grade appliances. The site also has several commercial buildings, including a warehouse and workshop.Granite Quarry: The historic Worcester Quarry on the property, with extensive granite reserves, offers significant mining potential. One mile of roads has already been developed on the property.ContactRivers by the Sea RealtyAdrienne Wylder***@adriennewylder.me Rivers by the Sea RealtyAdrienne WylderEnd-- Prospect, ME - A unique property is now available in Prospect, Maine, with the listing of the Worcester Quarry property at 259 Bowden Point Rd. Priced at $2,300,000, this 29.6-acre property offers diverse potential for residential, commercial, or development projects.Highlights:Investment Opportunity This property represents a significant investment opportunity. Its waterfront location, combined with the historical Worcester Quarry, offers substantial development potential.About Prospect, Maine Prospect is a scenic town in Maine, known for its natural beauty and historical significance

Go Lackawanna
Jul 2nd, 2023
Valley Crest Commons project moving forward | Go Lackawanna

Valley Crest Real Estate LP purchased the former nursing home from Luzerne County for $2.075 million in 2015 and tore down the asbestos-filled structures to be able to construct a mixed-use residential and business complex called Valley Crest Commons.

Massachusetts Newswire
Apr 19th, 2023
Aldy Damian, Ceo Of Accredas Investments Announces Sale Of Its Latest Commercial Transaction: Walgreens – Denver, Co Msa

ROLLING HILLS ESTATES, Calif. /Massachusetts Newswire – National News/ — Aldy Damian, CEO of Accredas Investments, announces sale and close of its latest marketed commercial property. The sale of Walgreens in Denver, CO MSA adds to the previous twelve month running gross sales proceeds totaling $71 Million dollars for the last fiscal year attributed to Accredas Investments.Marcus & Millichap agent Ryan Jaama represented the Buyer in the sale of Walgreens – Denver, CO MSA property.In addition to the latest Walgreens in Denver, CO transaction. Aldy Damian having now secured the following transactions over the past twelve months. Earlier this year the disposition of Walgreens in Gilbert, AZ, the acquisition of Bridgestone, Tires Plus (Costco Out-lot) in WI, the acquisition of Firestone Complete Auto Care (strategically located off Interstate 35) in Lenexa, KS, (Multiple financial transactions supplied by Max Benjamin Partners) The disposition of Bank of The West, sale and lease to Blue Credit Union in Superior, CO (Target out-parcel) and the premier corner in Appleton, WI of Fleet Farm one of the most known and respected big box stores in the Mid-West, in association with CBRE and Walker & Dunlop.Fleet Farm Group who is currently owned by the multi-billion dollar investment banking firm, KKR Investments, KKR.com (NYSE stock symbol – KKR) are undergoing a multi-expansion of stores including the recently opened Hastings, MN location.Aldy Damian, directing Accredas investments, has stated he is very pleased with the Fleet Farm Group, Germantown, WI acquisition coming off the sale of Chandler Medical Plaza, (Chandler, AZ with buyer representation by Newmark) featuring Banner Health (largest employer in the state of Arizona) as the strategic anchor tenant. More strategic business to come, including the soon disposition of Dicks Sporting Goods, in Topeka KS.The newly listed for sale Dicks Sporting Goods property is truly unique property as the location of this Dicks Sporting Goods is the only location represented in the Topeka KS, area with the other Dicks Sporting Goods locations in excess of 40 miles away ( https://chainstoreage.com/dicks-sporting-goods-posts-strong-q4-offers-confident-outlook ).The property is also located directly off of Interstate 470 near the connection of Interstate 70 making it the absolute prime retail destination of Topeka, KS residents ( https://www.crexi.com/properties/1099940/kansas-dicks-sporting-goods ).The Corporately owned Home Depot located directly adjacent to the Dicks Sporting Goods in Topeka, KS is a mainstay in the area and is ranked the highest trafficked in a 50 miles radius area according to Placer.id.Accredas investments was founded by Aldy Damian who began as a music, video and distribution executive with record label imprints as Damian Music and D3 Entertainment with BMG / Sony internationally, releasing in excess of 178 Albums and DVDs)

California News Wire
Apr 17th, 2023
Ceo Aldy Damian Of Accredas Investments Announces Sale Of Its Latest Commercial Transaction, Walgreens – Denver, Co Msa

ROLLING HILLS ESTATES, Calif. /California Newswire/ — Aldy Damian, CEO of Accredas Investments, announces sale and close of its latest marketed commercial property. The sale of Walgreens in Denver, CO MSA adds to the previous twelve month running gross sales proceeds totaling $71 Million dollars for the last fiscal year attributed to Accredas Investments.Marcus & Millichap agent Ryan Jaama represented the Buyer in the sale of Walgreens – Denver, CO MSA property.In addition to the latest Walgreens in Denver, CO transaction. Aldy Damian having now secured the following transactions over the past twelve months. Earlier this year the disposition of Walgreens in Gilbert, AZ, the acquisition of Bridgestone, Tires Plus (Costco Out-lot) in WI, the acquisition of Firestone Complete Auto Care (strategically located off Interstate 35) in Lenexa, KS, (Multiple financial transactions supplied by Max Benjamin Partners) The disposition of Bank of The West, sale and lease to Blue Credit Union in Superior, CO (Target out-parcel) and the premier corner in Appleton, WI of Fleet Farm one of the most known and respected big box stores in the Mid-West, in association with CBRE and Walker & Dunlop.Fleet Farm Group who is currently owned by the multi-billion dollar investment banking firm, KKR Investments, KKR.com (NYSE stock symbol – KKR) are undergoing a multi-expansion of stores including the recently opened Hastings, MN location.Aldy Damian, directing Accredas investments, has stated he is very pleased with the Fleet Farm Group, Germantown, WI acquisition coming off the sale of Chandler Medical Plaza, (Chandler, AZ with buyer representation by Newmark) featuring Banner Health (largest employer in the state of Arizona) as the strategic anchor tenant. More strategic business to come, including the soon disposition of Dicks Sporting Goods, in Topeka KS.The newly listed for sale Dicks Sporting Goods property is truly unique property as the location of this Dicks Sporting Goods is the only location represented in the Topeka KS, area with the other Dicks Sporting Goods locations in excess of 40 miles away ( https://chainstoreage.com/dicks-sporting-goods-posts-strong-q4-offers-confident-outlook ).The property is also located directly off of Interstate 470 near the connection of Interstate 70 making it the absolute prime retail destination of Topeka, KS residents ( https://www.crexi.com/properties/1099940/kansas-dicks-sporting-goods ).The Corporately owned Home Depot located directly adjacent to the Dicks Sporting Goods in Topeka, KS is a mainstay in the area and is ranked the highest trafficked in a 50 miles radius area according to Placer.id.Accredas investments was founded by Aldy Damian who began as a music, video and distribution executive with record label imprints as Damian Music and D3 Entertainment with BMG / Sony internationally, releasing in excess of 178 Albums and DVDs)

WHTC
Feb 24th, 2023
CoStar defeats real estate rival’s antitrust claims in U.S. court | 1450 AM 99.7 FM WHTC | Holland

CREXi competes with industry leader CoStar, which saw $2.1 billion in revenue last year, for online commercial real estate data and technology services.

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