On Wednesday, commercial real-estate brokerage Colliers International announced that Schmidt had re-joined their San Jose office as a SVP for R&D leasing and sales. He's hardly a stranger to the Colliers, having served from 1994 up until last year as president and a member of the board of directors of directors. Schmidt calls his brief sojourn to RealCentric, which linked property-owners with space-seeking tenants through an online platform, "a great experience."
"I learned a lot," he tells GlobeSt.com. "We were at the one-yard line. There was a tremendous investment in technology."But now technology is all that remains of RealCentric, which as recently as four months ago boasted that it would expand to 40 major U.S. metropolitan markets by the end of 2001. Like so many other real estate Web sites, it simply could not get the funding it needed to survive. The site is still active, but RealCentric is no longer providing services. In fact, Schmidt now wants to sell the technology that once made his site hum.
December sounded the death knell as RealCentric sought a final round of funding. Disheartened by a looming economic slowdown in the online sector, investors shook their heads. Layoffs ensued.
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