Head of Product Design

Crexi Auction delivers second-highest GMV quarter on record as hospitality momentum continues. Aug 12, 2026, 12:00 ET Crexi Auction's 2026 results underscore continued momentum, highlighted by record pipeline growth, strong hospitality performance and sustained buyer demand MARINA DEL REY, Calif., Aug. 12, 2026 /PRNewswire/ - Crexi, a leading commercial real estate data platform and marketplace, today announced strong second-quarter 2026 results for Crexi Auction, as record pipeline growth, the platform's second-highest gross market value (GMV) sold quarter on record and continued hospitality momentum underscored another strong period for the business. During Q2, Crexi Auction facilitated the sale of 68 commercial properties, generating $145.8 million in sold GMV. The quarter also marked the strongest new business period in the platform's history, with a record number of new auction listings, signaling continued seller confidence and a healthy pipeline for future transactions. "Q2 demonstrated that Crexi Auction continues to gain momentum as more owners and brokers embrace auctions as a core disposition strategy," said Sonya Bokano, vice president of transactions at Crexi. "We delivered one of the strongest transaction volume quarters in our history, while also achieving record pipeline growth, reinforcing both the strength of our platform and the growing adoption of online commercial real estate transactions." Additional Q2 performance highlights include: * 74% quarter-over-quarter increase in properties brought to auction. * 20% year-over-year increase in properties brought to auction. * 43-day average time from listing to sale. * 123 average bids per auction event, demonstrating sustained buyer engagement. * $2.1 million average sale price. Hospitality remained the platform's top-performing asset class for the second consecutive quarter, generating $88 million in sold GMV across 19 transactions. The quarter tied Q1 2026 as the strongest hospitality performance in Crexi Auction history, reflecting continued demand across a diverse mix of hospitality assets, including portfolios, beachfront resorts, destination lodging properties and recreational hospitality assets. Competitive bidding continued to drive premium pricing for sellers. Two hotels in Flint, Texas saw exceptional activity, with one receiving 32 bids and selling for 203% of reserve, while the other received 45 bids and sold for 142% of reserve. An investor purchased both hotels through Crexi Auction for a combined $17.35 million, and each sale was ranked among the five highest-value transactions of the quarter. The Midwest remained the platform's most active region, accounting for approximately 36% of all completed transactions. Michigan led all states in properties brought to auction, while Michigan, Illinois and Ohio accounted for 27% of deals on the platform. Crexi Auction introduced a new Portfolio Dashboard this quarter for brokers and sellers managing multi-property auction campaigns. As hospitality portfolio sales grew more complex, the team moved through rapid rounds of prototyping and iteration, shaping the dashboard around real feedback from sellers bringing multi-property portfolios to auction. The result is a centralized view of buyer activity, campaign performance and portfolio metrics, giving users real-time visibility throughout the auction process. About Crexi Crexi is reimagining commercial real estate with an AI-powered platform built to deliver smarter, more efficient solutions at every stage of the deal lifecycle. From real-time data and market insights with Crexi Intelligence, to targeted property marketing and seamless deal management through Crexi PRO, and a transparent, time-bound bidding experience with Crexi Auction - Crexi enables users to evaluate opportunities, maximize exposure, and close with speed and confidence. To date, Crexi has facilitated over $1 trillion in transactions, 8.6 billion square feet leased, and supports a growing community of more than 2 million monthly active users. Schedule a demo with the Crexi team and explore our products here. SOURCE Crexi

Stellar MLS partners with Crexi to expand commercial listing exposure. Through the integration, listings entered once into Stellar MLS's system can be automatically distributed to Crexi, expanding exposure to buyers, tenants and investors nationwide. Reading Time: 2 mins read Stellar MLS, one of the largest multiple listing services in Florida and Puerto Rico, has announced it is expanding commercial listing visibility and streamlining distribution through a partnership with Crexi, a commercial real estate and data platform. Through the integration, listings entered once into Stellar MLS's system can be automatically distributed to Crexi, expanding exposure for real estate professionals to buyers, tenants and investors nationwide. With Crexi's marketplace serving more than 23 million users annually and over 500,000 active listings on its platform, Crexi provides Stellar MLS customers with greater visibility and access to a broad national audience - all at no additional cost, a release notes. Stellar says the move reflects its ongoing investment in its commercial real estate platform to provide subscribers with tools that expand market exposure while simplifying workflows. Effective July 1, 2026, Stellar MLS integrated its commercial listings into Matrix, where subscribers may enter and search for commercial sale, lease and business opportunities. "Our partnership with Crexi aligns with our commitment to invest in solutions that help real estate professionals succeed," said Shayne Fairley, CEO of Stellar MLS. "Our subscribers need technology that works hard for them - and streamlines the process. By enabling subscribers to enter a listing once and extend its reach through Crexi, we are helping them save time, increase visibility and connect with more potential buyers and tenants." "Crexi is making commercial real estate more connected, efficient, and accessible through AI-driven intelligence," said Michael DeGiorgio, founder and CEO of Crexi. "Our partnership with Stellar MLS puts members' listings in front of the active buyers, tenants, and investors most likely to transact." Quick value-added benefits for stellar subscribers: * Broader market exposure: Listings gain greater visibility among a nationwide commercial audience. * Seamless listing distribution: Automatically publishes eligible listings to the commercial marketplace directly from the MLS. * Streamlined user experience: Integrates with existing MLS workflows, allowing subscribers to market listings more broadly without changing their day-to-day processes. * More member value: Brokers who opt in gain expanded marketing opportunities and greater exposure as an included benefit of MLS membership. According to the release, Stellar MLS also recently completed a comprehensive update of its commercial data fields to better align with the Real Estate Standards Organization (RESO) Data Dictionary, creating a more consistent and efficient experience for subscribers. Stellar MLS has more than 3,400 active commercial listings across its Florida and Puerto Rico coverage area. For more information, visit https://www.stellarmls.com/.