INDEPENDENCE, Mo., May 21, 2012 (GLOBE NEWSWIRE) -- Continuing the two-pronged expansion of its national footprint in the commercial real estate information services industry, Xceligent announces the creation of CommercialSearch.com to serve as a national public listing and marketing platform. The other facet of the expansion, also announced recently, is the growth of Xceligent's proactively researched flagship product into the largest 65 U.S. markets over the next 36 months.
Xceligent founder and CEO Doug Curry says that CommercialSearch will initially be seeded with the more than 200,000 listings from its current 30 researched markets and content from 30 Commercial Information Exchange systems and 175 Multiple Listing Service systems. The addition of the CIE and MLS content was made possible through the recent acquisition of ePropertyData and the subsequent announcement by the National Association of REALTORS® (NAR) of Xceligent as the latest REALTOR Benefits® Partner. This strategic alliance endorses Xceligent as the exclusive provider of commercial real estate information services to REALTORS®.
Curry says Xceligent is already in talks with many of the 400 top listing companies in the U.S. to garner their listings and support of the site, which will provide CommercialSearch with coverage to rival the leading public search site.
"We are committed to the marketplace and to changing the landscape of commercial real estate information," Curry says. "We know the industry wants this alternative to other public search sites and CommercialSearch will benefit commercial real estate professionals in all market sizes."
"NAR is excited to be able to offer a high-quality, cost-effective alternative to REALTORS® for marketing their commercial real estate listings," says Bob Goldberg, NAR senior vice president of Marketing, Business Development and Strategic Investments, and Commercial Services.
Xceligent's growth initiatives follow the recent Federal Trade Commission (FTC) consent decree intended to create a national competitor to the newly merged CoStar – LoopNet entity. The expansion was made possible earlier this month when dmg :: information (dmgi) and Xceligent's founders and management team purchased all Xceligent stock previously owned by LoopNet and other investors per the FTC's decree.
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