SAN JOSE, Calif. and
INDEPENDENCE, Mo., May 15, 2013 /PRNewswire/ --
Realtor.com®, operated by Move, Inc. (NASDAQ: MOVE), and
Xceligent, Inc., a leading provider of proactively researched
commercial real estate information and marketing, today announced a
strategic agreement to launch enhanced commercial search
functionality on realtor.com® the official website of
the National Association of REALTORS®.
As a result of this agreement, in the third quarter of 2013,
Xceligent-owned site CommercialSearch.com ("CommercialSearch") will
begin powering amplified commercial functionality on
realtor.com®. Realtor.com® users will have
access to the hundreds of thousands of commercial listings
Xceligent has aggregated into CommercialSearch from multiple
sources including: its fully-researched markets, hundreds of MLSs,
CIEs (Commercial Information Exchanges) of every market size, and
the majority of the top 50 companies who provide commercial
listings in the country. This combined information availability has
made CommercialSearch one of the largest content sources of any
public facing commercial real estate marketing site.
"Over the last few years, we have seen increased investor
activity in the residential housing market. Many career real
estate investors begin by investing in residential and eventually
transition into commercial as they expand their portfolios,"
commented Errol Samuelson, president
of realtor.com®. "Enhancing our commercial real
estate search bridges the information gap for residential real
estate investors who cross over into the commercial space.
CommercialSearch's robust data set and primary sourced data made it
a natural fit with realtor.com® and its commitment to
accuracy and the industry."
That primary sourced data that will soon be available to
realtor.com® users comes from Xceligent's flagship
research product, CDX, which relies on hundreds of researchers
proactively gathering information on every commercial building in a
market. Currently in over 40 markets and rapidly expanding into the
largest 65 markets, this data has helped create the foundation of
CommercialSearch's national listing content. Additionally, any
agent in any US market can currently contribute listings directly
to CommercialSearch, thereby adding to the content that Xceligent's
research team is providing to CommercialSearch as a marketing
benefit for the members of its main research system.
"Realtor.com®'s unparalleled credibility and reach
paired with our unique ability to aggregate a national commercial
inventory make this an alliance very powerful," Xceligent CEO
Doug Curry says. "We are confident
that this agreement will provide an unrivaled value proposition
through our new industry standard marketing platform and bring
extraordinary exposure to the commercial listings marketed through
CommercialSearch."
Last year, the National Association of REALTORS®
announced a strategic alliance with Xceligent. As part of the
REALTOR Benefits® Program, Xceligent is the National
Association of REALTORS'® exclusive provider of
commercial real estate information services. For more information
about realtor.com® commercial listings or
CommercialSearch, please visit:
http://commercial.realtor.com/?iid=rdc_hdr_commercial and
http://www.commercialsearch.com/.
About realtor.com®
Operated by Move, Inc.,
(NASDAQ: MOVE), realtor.com® helps connect people with
the content, tools and expertise they need to find their perfect
home. As the official website of the National Association of
REALTORS®, realtor.com® empowers
consumers to make the smartest decisions when it comes to finding a
home by leveraging direct connections with more than 800 MLSs to
deliver the most accurate and up-to-date listing information in
neighborhoods across the country, and by making timely and
meaningful connections between consumers and
REALTORS®. Whether through desktop, mobile, or
tablet versions, realtor.com® is where home happens.
About Move, Inc.
Move, Inc. (NASDAQ:MOVE), the leader
in online real estate, operates: realtor.com®, the official
website of the National Association of REALTORS®; Move.com, a
leading destination for new homes and rental listings, moving, home
and garden, and home finance; ListHub™, the leading syndicator of
real estate listings; Moving.com™; SeniorHousingNet; SocialBios;
Doorsteps, TigerLead®; and TOP PRODUCER® Systems. Move, Inc.
is based in San Jose,
California.
About Xceligent, Inc.
Xceligent is a leading provider
of commercial real estate information across the
country. Founded in 1999 and headquartered in Independence, Missouri, Xceligent has a
long-standing history of partnering with the commercial real estate
community and is known to be a leader in customer service.
Xceligent is the exclusive provider of commercial real estate
information to members of the National Association of REALTORS®
through the REALTOR Benefits® Program, and is endorsed by leading
commercial real estate trade organizations and brokerage firms as
the preferred service for commercial real estate information.
SOURCE Move, Inc.