“Arming brokers with cutting edge technology and marketing reach ensures that buyers are exposed to more deals, sellers receive more offers ensuring market pricing is true and not diluted, and deals are more transparent with easily accessible layered due diligence vaults, one touch reporting, and activity trackers and analytics,” DeGiorgio says. “Our CTO and co-founder whose previous company Burstly was acquired by Apple believes commercial real estate is nearly a decade behind other industries in terms of the technology being used. We aim to bring the industry up to speed.”

Randel previously served as director of dispositions of Invitation Homes, Blackstone's single-family rental division. There he managed bulk dispositions for the nation's largest single-family home investor.

Before Invitation Homes, Randel served as director of capital markets at Cohen Financial where he was responsible for sourcing and structuring debt and equity for real estate developers and investors. Previously, Randel was a vice president at Auction.com Commercial, which he joined and helped launch when LNR Partners obtained an equity position in the online platform. Randel began his career at CBRE where he spent three years as a senior financial analyst before leaving to obtain his MBA at the University of Florida on a full academic scholarship.

“Eli brings a wealth of expertise in operations, overseeing sales from beginning to end, all while proficiently managing a team,” says Mike DeGiorgio, CREXi's CEO and co-founder. “With the incredible growth that we are experiencing at CREXi, we needed someone we trusted and knew first hand that he could help us grow operations quickly and efficiently.”

The CREXi Miami office is located on the south side of the Miami River west of Brickell and Downtown. Miami and South Florida are active investment sale markets, ripe with foreign capital, a hub to lenders and servicers, and home to an increasing amount of New York investors and high net worth individuals. The new location allows CREXi to have a home base well suited to cover the entire east coast.

MIAMI—CREXi is opening a Miami office. The commercial real estate exchange for brokers, buyer and sellers is putting Eli Randel at the head of its South Florida operations. He is serving as new director of business development.

Beyond heading and growing CREXi's east coast presence and sales, Randel will oversee the national sales team. Since launching its beta in November 2015, CREXi has attracted over 350 properties valued at over $1.5 billion.

“Commercial real estate can be an opaque and inefficient asset class,” Mike DeGiorgio, CEO and co-founder, CREXi, tells GlobeSt.com. “Supply and demand have a hard time meeting resulting in pricing inefficiencies which can limit liquidity as buyers and sellers often have different price expectations.”

The company recently raised $4.3 million in seed funding from Lerer Hippeau Ventures, Freestyle Capital, TenOneTen Ventures, Founder Collective, Karlin Ventures, Leon Capital Group and angel investors. In the past month the firm took on an additional $175,000 in funding from Cooley LLP, Baroda Ventures, and Dan Murillo.

“Arming brokers with cutting edge technology and marketing reach ensures that buyers are exposed to more deals, sellers receive more offers ensuring market pricing is true and not diluted, and deals are more transparent with easily accessible layered due diligence vaults, one touch reporting, and activity trackers and analytics,” DeGiorgio says. “Our CTO and co-founder whose previous company Burstly was acquired by Apple believes commercial real estate is nearly a decade behind other industries in terms of the technology being used. We aim to bring the industry up to speed.”

Randel previously served as director of dispositions of Invitation Homes, Blackstone's single-family rental division. There he managed bulk dispositions for the nation's largest single-family home investor.

Before Invitation Homes, Randel served as director of capital markets at Cohen Financial where he was responsible for sourcing and structuring debt and equity for real estate developers and investors. Previously, Randel was a vice president at Auction.com Commercial, which he joined and helped launch when LNR Partners obtained an equity position in the online platform. Randel began his career at CBRE where he spent three years as a senior financial analyst before leaving to obtain his MBA at the University of Florida on a full academic scholarship.

“Eli brings a wealth of expertise in operations, overseeing sales from beginning to end, all while proficiently managing a team,” says Mike DeGiorgio, CREXi's CEO and co-founder. “With the incredible growth that we are experiencing at CREXi, we needed someone we trusted and knew first hand that he could help us grow operations quickly and efficiently.”

The CREXi Miami office is located on the south side of the Miami River west of Brickell and Downtown. Miami and South Florida are active investment sale markets, ripe with foreign capital, a hub to lenders and servicers, and home to an increasing amount of New York investors and high net worth individuals. The new location allows CREXi to have a home base well suited to cover the entire east coast.