INDEPENDENCE, Mo., Oct. 16, 2012 (GLOBE NEWSWIRE) -- Continuing the first phase of a national expansion covering the 65 largest U.S. markets, Xceligent, Inc. announces the launch of its commercial real estate information service in the Cleveland market. Xceligent is the fastest growing provider of proactively researched commercial real estate solutions in the country.
Xceligent provides a comprehensive suite of fully researched property, listing, tenant, lease and sale transaction, historical trend and demographic information that all results in market analytics certified quarterly by Advisory Boards comprised of the leading market professionals. The information is used by real estate brokers, appraisers, property owners, investors and developers as they make strategic decisions to lease, sell and develop property.
"We're very excited to bring our researched product to Cleveland's industry professionals," says Doug Curry, Xceligent CEO. "It's a market we've been eager to enter for quite some time and we're pleased that the real estate community is just as eager to have us there."
A team of 40 Xceligent drivers has already begun inspecting commercial properties in the Cleveland area, with service scheduled to go live by the end of the year. It will include a comprehensive inventory of all availabilities for lease or sale, historical transfers of ownership, and tenant rosters that have been verified for significant buildings. The end result will be a robust system of proactively researched and verified building information, photography, parcel boundary outlines and other vital information.
Xceligent began its expansion efforts in May following a Federal Trade Commission consent decree regarding the CoStar–LoopNet merger. That decree propelled Xceligent, with a 13-year track record of success in over 30 markets, to a position of being a national competitor to the newly merged entity. The company, based in suburban Kansas City, MO, employs a growing workforce of over 400 people and is a member of the dmg :: information family of companies. Earlier this year, Xceligent announced a strategic alliance with the National Association of REALTORS®, through its REALTOR Benefits® Program, as the exclusive provider of commercial real estate information services to NAR's nearly one million REALTORS®. The move coincided with Xceligent's purchase of ePropertyData and creation of CommercialSearch.com, a new national marketing platform to compete with LoopNet.
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