Latest news with #Crexi
Yahoo
5 days ago
- Business
- Yahoo
Auctions Heat Back Up: Crexi Auction H1 Performance Shows Market Momentum Building
100% close rate in May points to renewed investor confidence MARINA DEL REY, Calif., July 24, 2025 /PRNewswire/ -- Crexi, a leading commercial real estate data platform and marketplace, today shared impressive first-half 2025 results for its auction business. Crexi Auction reported a 96% close rate, and a 10% YoY increase in transaction volume. Notably, Crexi Auction's largest client achieved a 100% close rate in H1—an indicator that buyers and sellers are reengaging as market conditions show positive momentum. 2025 kicked off with considerable uncertainty. Commercial real estate (CRE) stakeholders faced a murky economic outlook shaped by shifting trade policies and seesawing bond rates. While 88% of CRE executives expect revenue increases in 2025, many are still hesitant to transact through traditional channels due to financing uncertainty and extended negotiation periods. Despite the economic headwinds that characterized H1 2025, Crexi Auction saw an impressive surge in May and June performance, offering a real-time pulse check on investor appetite and market sentiment. "Auctions are increasingly becoming an essential tool for transacting in today's CRE environment," said Sonya Bokano, VP of Transactions at Crexi. "As traditional deals stall, online auctions provide a faster, more transparent sales process that complements broker-led efforts, helping to create momentum when the market feels sluggish. Our H1 performance shows signs of a market rebound, with increased buyer engagement and stronger trade rates—proof that auctions are unlocking liquidity and driving results." Strong H1 2025 Performance Highlights: 10% YoY Transaction Volume Increase: Achieved across a wide range of asset classes, demonstrating strong platform performance and market reach. 96% Close Rate: Sustained month-over-month growth through June. Office Property Momentum: Thirteen office properties sold at auction in May & June, signaling investor opportunity in the office space. Landmark Government Online Auctions: Crexi achieved a full sale-through and 100% close rate for a long-term client— continuing a legacy of success that includes the largest real estate auction ever conducted online, Beltway Business Park. Crexi also strengthened its sector expertise in H1 with the appointment of Anthony Falor as Head of Hospitality, bringing 35 years of experience to expand the auction platform's hospitality property footprint. Hospitality continues to show steady recovery, with hotel occupancy at 63%, though still 2.8% below pre-pandemic levels, making pricing precision and deal speed all the more valuable. Crexi Auction streamlines the sales process by offering a time-bound, competitive and transparent environment. The platform addresses common market concerns through pre-vetted buyers, verified cash terms, non-contingent deals and the elimination of lengthy negotiation periods. Its white-glove service, expert auction specialists and tailored marketing complement traditional brokerage efforts rather than replace them. In a market where assets are sitting longer, auctions offer a compelling solution to reach motivated buyers and accelerate timelines. Since its 2019 launch, Crexi Auction has supported over $4.5 billion in assets and generated nearly $44 billion in submitted bids. From local retail centers to institutional-grade Class A assets, the platform has a proven track record of success and offers an expedited timeline of list-to-close in 75 days or less. Powered by AI-driven tools, deep auction expertise and a robust end-to-end system, Crexi is redefining how commercial real estate is sold. For more information on upcoming auction opportunities, visit 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. Learn more at Media Contact: Allyse SanchezSenior Director, External Communications and Content Strategyasanchez@ View original content to download multimedia: SOURCE Crexi Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Clearwater Properties Brokers Named 2025 Crexi Platinum Sales Winners
Shaun Michael Lewis, CEO Clearwater Properties Jeannette Carr-Smith, Broker Clearwater Properties Kevin Wetherell, Founding Broker Clearwater Properties SEELEY LAKE, Mont., May 22, 2025 (GLOBE NEWSWIRE) -- Clearwater Properties is proud to announce that two of its Brokers have been named 2025 Crexi Platinum Sales Winners: Kevin Wetherell, Founding Broker, of Seeley Lake, Montana, and Jeannette Carr-Smith, Broker, of Noxon, Montana. Crexi's Platinum Awards recognize the highest performing professionals on its commercial real estate platform, awarding professionals in four areas – Sale, Lease, Intelligence, and Auction. Winners from the Sale and Lease categories span hospitality, industrial, land, multifamily, office, retail, restaurant, and special purpose sectors, while the Intelligence and Auction category spotlights top performers overall (Crexi, 2025). Being named a Crexi Platinum Broker is a prestigious distinction in the commercial real estate industry - signifying not only outstanding transaction volume, but also exceptional platform engagement, marketing effectiveness, and a consistent dedication to professional excellence. Wetherell, Founding Broker of Clearwater Properties, has been conducting residential and commercial real estate for over 30 years, serving Seeley Lake, Swan Valley, Whitefish and other areas across Western Montana. His expertise extends beyond state borders with active licenses in Wyoming and Georgia. Carr-Smith has been a Broker with Clearwater Properties for over 10 years, serving Noxon and communities throughout Northwestern Montana. Her professional reach includes an active license to conduct real estate transactions throughout Idaho. "We are proud to have our brokers recognized with this prestigious accolade in the commercial real estate industry," says Clearwater Properties CEO, Shaun Michael Lewis. "This recognition highlights our commitment to excellence in recreational and commercial properties across the Mountain West. As we continue to stake our claim as the region's premier brokerage, Kevin and Jeannette exemplify the cutting-edge marketing and five-star client service that define the Clearwater Properties experience." Founded in 1993, Clearwater Properties is an award-winning real estate brokerage specializing in recreational, residential, and ranch properties across Montana, Idaho, Washington, and Wyoming, North Dakota, Costa Rica, and Belize. With over 30 office/agent locations, Clearwater Properties has been recognized as one of "America's Best Brokerages" by The Land Report and is the #1 Sports Afield Trophy Properties® brokerage worldwide in both sales volume and number of transactions. As stewards of the areas they serve, the 120+ agents of Clearwater Properties give back a portion of all real estate proceeds to the communities in which they were earned. Clearwater Montana Properties is the exclusive territory broker participant with Sports Afield in Montana, Idaho, North Dakota, Wyoming and Washington. Its affiliation with Sports Afield Trophy Properties® (SATP) has been one of the biggest game changers in real estate for Clearwater. Clearwater Montana Properties is proud to be the #1 Sports Afield Trophy Properties brokerage in the world in total sales volume and number of transactions. Since 1887, the iconic 'Sports Afield' name has been synonymous with outdoor recreation and conservation, which not only aligns with the brokerage's mission, but also greatly magnifies its marketing reach. The Clearwater Giving Fund is Clearwater Properties' way of ensuring that every transaction gives back. Through this charitable program, a portion of each sale is directed to a local service group or charitable organization selected by the Agent. At the end of each calendar year, Clearwater presents donations to organizations within the communities where those transactions occurred. Serving as a positive force in the communities it serves is central to Clearwater's mission and values. To date, the company has donated more than $1.2 million through the program, helping to strengthen and uplift the very communities it calls home. Crexi Team (2025, March 25). Meet Our 2025 Platinum Award Sales Winners. Retrieved May 15, 2025, from Contact the Headquarters office of Clearwater Montana Properties in Seeley Lake at (406) 677-3000 or via e-mail at info@ Shaun Michael Lewis can be reached at shaun@ Information regarding agents and available properties can be viewed on the company's website at: Media ContactContact: Tatum Hoehn, Operations LeaderPhone: 406.677.3000Email: tatum@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Clearwater Properties Brokers Named 2025 Crexi Platinum Sales Winners
Shaun Michael Lewis, CEO Clearwater Properties Jeannette Carr-Smith, Broker Clearwater Properties Kevin Wetherell, Founding Broker Clearwater Properties SEELEY LAKE, Mont., May 22, 2025 (GLOBE NEWSWIRE) -- Clearwater Properties is proud to announce that two of its Brokers have been named 2025 Crexi Platinum Sales Winners: Kevin Wetherell, Founding Broker, of Seeley Lake, Montana, and Jeannette Carr-Smith, Broker, of Noxon, Montana. Crexi's Platinum Awards recognize the highest performing professionals on its commercial real estate platform, awarding professionals in four areas – Sale, Lease, Intelligence, and Auction. Winners from the Sale and Lease categories span hospitality, industrial, land, multifamily, office, retail, restaurant, and special purpose sectors, while the Intelligence and Auction category spotlights top performers overall (Crexi, 2025). Being named a Crexi Platinum Broker is a prestigious distinction in the commercial real estate industry - signifying not only outstanding transaction volume, but also exceptional platform engagement, marketing effectiveness, and a consistent dedication to professional excellence. Wetherell, Founding Broker of Clearwater Properties, has been conducting residential and commercial real estate for over 30 years, serving Seeley Lake, Swan Valley, Whitefish and other areas across Western Montana. His expertise extends beyond state borders with active licenses in Wyoming and Georgia. Carr-Smith has been a Broker with Clearwater Properties for over 10 years, serving Noxon and communities throughout Northwestern Montana. Her professional reach includes an active license to conduct real estate transactions throughout Idaho. "We are proud to have our brokers recognized with this prestigious accolade in the commercial real estate industry," says Clearwater Properties CEO, Shaun Michael Lewis. "This recognition highlights our commitment to excellence in recreational and commercial properties across the Mountain West. As we continue to stake our claim as the region's premier brokerage, Kevin and Jeannette exemplify the cutting-edge marketing and five-star client service that define the Clearwater Properties experience." Founded in 1993, Clearwater Properties is an award-winning real estate brokerage specializing in recreational, residential, and ranch properties across Montana, Idaho, Washington, and Wyoming, North Dakota, Costa Rica, and Belize. With over 30 office/agent locations, Clearwater Properties has been recognized as one of "America's Best Brokerages" by The Land Report and is the #1 Sports Afield Trophy Properties® brokerage worldwide in both sales volume and number of transactions. As stewards of the areas they serve, the 120+ agents of Clearwater Properties give back a portion of all real estate proceeds to the communities in which they were earned. Clearwater Montana Properties is the exclusive territory broker participant with Sports Afield in Montana, Idaho, North Dakota, Wyoming and Washington. Its affiliation with Sports Afield Trophy Properties® (SATP) has been one of the biggest game changers in real estate for Clearwater. Clearwater Montana Properties is proud to be the #1 Sports Afield Trophy Properties brokerage in the world in total sales volume and number of transactions. Since 1887, the iconic 'Sports Afield' name has been synonymous with outdoor recreation and conservation, which not only aligns with the brokerage's mission, but also greatly magnifies its marketing reach. The Clearwater Giving Fund is Clearwater Properties' way of ensuring that every transaction gives back. Through this charitable program, a portion of each sale is directed to a local service group or charitable organization selected by the Agent. At the end of each calendar year, Clearwater presents donations to organizations within the communities where those transactions occurred. Serving as a positive force in the communities it serves is central to Clearwater's mission and values. To date, the company has donated more than $1.2 million through the program, helping to strengthen and uplift the very communities it calls home. Crexi Team (2025, March 25). Meet Our 2025 Platinum Award Sales Winners. Retrieved May 15, 2025, from Contact the Headquarters office of Clearwater Montana Properties in Seeley Lake at (406) 677-3000 or via e-mail at info@ Shaun Michael Lewis can be reached at shaun@ Information regarding agents and available properties can be viewed on the company's website at: Media ContactContact: Tatum Hoehn, Operations LeaderPhone: 406.677.3000Email: tatum@ A photo accompanying this announcement is available at in to access your portfolio
USA Today
26-04-2025
- Business
- USA Today
This Illinois semi-private country club has changed hands after a bankruptcy
This Illinois semi-private country club has changed hands after a bankruptcy Pekin Country Club, just south of Peoria, Illinois, is under new ownership. Brothers Jay and Shaun Schlosser said they purchased the club from Pekin Country Club, Inc. Shaun Schlosser did not disclose the price, but the club last fall was listed at $1.95 million with the commercial real estate agency Crexi and the commercial real estate marketplace LoopNet. The property features an 18-hole championship golf course with four sets of tees for various skill levels, as well as a state-of-the-art practice facility. Public records show Pekin Country Club, Inc. filed for Chapter 11 bankruptcy in March 2023 with the U.S. Bankruptcy Court Central District of Illinois. Schlosser said he plans to open the golf course to the public on Mondays and to open the country club's restaurant by early May. He also intends to offer discounted club memberships until Memorial Day weekend. New members joining by Memorial Day will pay $400 a month for the first year rather than the regular $450 monthly rate. 'I was raised on a golf course in Decatur,' Schlosser said. "My dad (Gary Schlosser) was a golf pro, and I've always wanted to get into the golf business. We found the listing online, came to have a look around last November, and thought it was worth investing in.' Pekin Country Club is located at 310 Country Club Drive, Pekin.
