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Reonomy Launches in California
Technology continues to play a vital role in CRE, whether as part of the deal flow, funding or research and data. Reonomy is a CRE tech company that has been around for about four years, operating exclusively in New York. The company presents and analyzes data in mere seconds on properties, ownership and history.
Recently, Reonomy launched in California. Connect Media asked the company’s CEO, Rick Sarkis, to share what the technology platform is about, how it works and how CRE professionals can take advantage of what it offers.
Q: What is Reonomy?
A: Reonomy is a data and analytics platform covering 45 million commercial properties nationwide. With the combination of proprietary data and strategic partnerships, the platform provides innovative tools and insights that help CRE professionals navigate a multi-trillion-dollar marketplace with simplicity and ease. The data is run through strict, repeatable validation steps to ensure users have access to the most up-to-date, accurate, and comprehensive information in the marketplace. The tool launched nationally on July 17th.
Q: What’s been the response so far in NYC, and what did you learn from scaling the business nationally?
A: Reonomy began as a small startup that then grew to a $22 million funded CRE tech firm with over 1,000 users, in only a few short years. Reonomy is the place NYC CRE professionals go for hard-to-find owner contact information. After building a platform users loved locally, the company’s mission expanded to providing a national tool. The team soon discovered, the complexities of each market made it difficult to scale quickly if the data pipeline was built organically. After a grueling vetting process, Reonomy chose to partner with 10 of the country’s top data providers, organizations that all met the standards Reonomy is known for: speed, quality and innovation.
Q: What can we expect from the launch and how is Reonomy helping customers today?
A: Reonomy is already helping hundreds of national clients save time and make more money by connecting them instantly with high quality property data and owner contact information. The company expects to have thousands of users by the end of the year. Some of their notable clients include JLL, Marcus & Millichap, Cushman & Wakefield, and Coldwell Banker Commercial.
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