{"id":770266,"date":"2023-07-17T11:39:10","date_gmt":"2023-07-17T15:39:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-x-announces-season-2-of-battle-of-the-bids-property-auction-competition-with-enhanced-features-and-larger-prizes\/"},"modified":"2023-07-17T11:39:10","modified_gmt":"2023-07-17T15:39:10","slug":"ten-x-announces-season-2-of-battle-of-the-bids-property-auction-competition-with-enhanced-features-and-larger-prizes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-x-announces-season-2-of-battle-of-the-bids-property-auction-competition-with-enhanced-features-and-larger-prizes\/","title":{"rendered":"Ten-X Announces Season 2 of \u201cBattle of the Bids\u201d Property Auction Competition with Enhanced Features and Larger Prizes"},"content":{"rendered":"

<\/p>\n

Ten-X Announces Season 2 of \u201cBattle of the Bids\u201d Property Auction Competition with Enhanced Features and Larger Prizes<\/b><\/p>\n

CoStar Group\u2019s online property auction transaction platform, Ten-X, aims to build upon last year\u2019s $3 million prize competition smash hit in the CRE community by expanding eligible participants, game features and winnings<\/i><\/p>\n

WASHINGTON–(BUSINESS WIRE<\/a>)–Ten-X<\/a> \u2013 the world’s largest online commercial real estate exchange and a CoStar Group<\/a> brand \u2013 today announced the launch date of Season 2 of its celebrated \u201cBattle of the Bids\u201d competition. Last year\u2019s first-ever Battle of the Bids featured more than 13,000 commercial real estate industry players competing to win $3.1 million of cash prizes. Their objective was to predict the sale price of the properties nationwide during a Ten-X auction. This year, Ten-X is taking Season 2 of Battle of the Bids to new heights with more ways to win and bigger cash prizes<\/i><\/b>. Registration opens today at BattleoftheBids.com<\/a> and the game begins on September 8th.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230717746062\/en\/<\/a><\/p>\n

\"Battle<\/p>\n

Battle of the Bids (Graphic: Business Wire)<\/p>\n<\/div>\n

\n\u201cLast year\u2019s Battle of the Bids showcased the variety of CRE properties offered on Ten-X while the players, which included existing and new customers: buyers, sellers and brokers, had the opportunity to see firsthand how we\u2019ve been trading CRE properties online for over 13 years offering twice the speed, and twice the certainty compared to traditional approaches,\u201d said Steven Jacobs, President of Ten-X. \u201cWe\u2019re excited to launch Season 2 with several enhanced player tools, live-streaming, and bigger cash prizes. Additionally, Season 2 will be open to a significantly wider audience of CRE participants and players.\u201d<\/p>\n

\nBattle of the Bids received phenomenal feedback from players last year \u2013 98% said they wanted to play again. One participant raved, \u201cPretty amazing marketing concept for both brokers and sellers. Sellers get expert broker opinions on price and brokers are motivated to nail the accuracy with the chance at prize money. Ten-X will continue to control the auction marketplace for years to come with this strategy. Win-win for everybody.\u201d<\/p>\n

\nThe feedback from players helped Ten-X enhance the game for Season 2. Now condensed from eight to six rounds, the game offers new tools to help participants underwrite and estimate property values using CoStar Group data. These tools help identify properties that perform well on Ten-X, provide market intelligence, and include a new property valuation calculator. Participants can now play on CoStar and LoopNet alongside the Ten-X platform.<\/p>\n

\nIn addition, Ten-X will open the gameplay to observers for an inside view on real-time CRE market dynamics and property pricing. Live player competition, winning bets on property prices, Ten-X expert commentary, and CRE market news and analysis will be livestreamed for viewers and participants to watch in real-time, with winners in each of the six rounds announced weekly.<\/p>\n

\nSeason 2 is open again to all CoStar Group clients plus anyone who has owned or brokered a CRE property within the past three years. Cash prizes are up to $3 million across six rounds, leading up to the $1 million grand prize<\/a>. Also new this year is a \u201cmystery\u201d prize valued at $100,000 for the game\u2019s overall second-place winner. Finalist prizes also include a substantial contribution to the winner\u2019s charity of choice; $100,000 for the grand prize winner and $10,000 for the second-place winner.<\/p>\n

\n\u201cThe popularity of last year\u2019s Battle of the Bids is a testament to the success of online property auctions at a time when the wider commercial real estate industry is undergoing tremendous change,\u201d said Jacobs. \u201cAs the market has shifted and investment sales transaction volumes overall have declined, Ten-X has seen a tremendous influx of interest in listing properties on our online transaction platform. Our investment to take Battle of the Bids to new heights is an invitation to CRE buyers, sellers and brokers to participate and gain new insights into how a commercial real estate online auction can provide speed and certainty through the CRE cycle.\u201d<\/p>\n

\nPut your CRE knowledge to the test. To learn more about this year\u2019s Battle of the Bids or to register to participate, visit BattleoftheBids.com<\/a>.<\/p>\n

\nView commercial here<\/a>.<\/p>\n

About Ten-X<\/b><\/p>\n

\nTen-X is the world\u2019s largest, online commercial real estate exchange. For over thirteen years, the Ten-X platform has empowered brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. With Ten-X, brokers and sellers tap into a digital platform that makes it easy to onboard assets, evaluate the success of complimentary marketing campaigns in real-time and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.<\/p>\n

About CoStar Group<\/b><\/p>\n

\nCoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France\u2019s leading commercial real estate news service. Thomas Daily is Germany\u2019s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group\u2019s websites attract nearly 100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com<\/a>, as a channel of distribution for material company information. For more information, visit CoStarGroup.com<\/a>.<\/p>\n

\nThis news release includes “forward-looking statements” including, without limitation, statements regarding CoStar’s expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that new multifamily unit deliveries do not occur when expected, or at all; and the risk that multifamily vacancy rates are not as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar\u2019s filings from time to time with the Securities and Exchange Commission, including in CoStar\u2019s Annual Report on Form 10-K for the year ended December 31, 2022, which is filed with the SEC, including in the \u201cRisk Factors\u201d section of that filing, as well as CoStar\u2019s other filings with the SEC available at the SEC\u2019s website (www.sec.gov<\/a>). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230717746062\/en\/<\/a><\/span><\/p>\n

\nMatthew Blocher
\n
CoStar Group
\n
(202) 346-6775
\n
mblocher@costargroup.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America District of Columbia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Online Retail Retail Other Retail Commercial Building & Real Estate Construction & Property REIT<\/p>\n

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Ten-X Announces Season 2 of \u201cBattle of the Bids\u201d Property Auction Competition with Enhanced Features and Larger Prizes CoStar Group\u2019s online property auction transaction platform, Ten-X, aims to build upon last year\u2019s $3 million prize competition smash hit in the CRE community by expanding eligible participants, game features and winnings WASHINGTON–(BUSINESS WIRE)–Ten-X \u2013 the world’s largest online commercial real estate exchange and a CoStar Group brand \u2013 today announced the launch date of Season 2 of its celebrated \u201cBattle of the Bids\u201d competition. Last year\u2019s first-ever Battle of the Bids featured more than 13,000 commercial real estate industry players competing to win $3.1 million of cash prizes. Their objective was to predict the sale price of the properties nationwide during … <\/p>\n

Continue reading “Ten-X Announces Season 2 of \u201cBattle of the Bids\u201d Property Auction Competition with Enhanced Features and Larger Prizes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-770266","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTen-X Announces Season 2 of \u201cBattle of the Bids\u201d Property Auction Competition with Enhanced Features and Larger Prizes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ten-x-announces-season-2-of-battle-of-the-bids-property-auction-competition-with-enhanced-features-and-larger-prizes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ten-X Announces Season 2 of \u201cBattle of the Bids\u201d Property Auction Competition with Enhanced Features and Larger Prizes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ten-X Announces Season 2 of \u201cBattle of the Bids\u201d Property Auction Competition with Enhanced Features and Larger Prizes CoStar Group\u2019s online property auction transaction platform, Ten-X, aims to build upon last year\u2019s $3 million prize competition smash hit in the CRE community by expanding eligible participants, game features and winnings WASHINGTON–(BUSINESS WIRE)–Ten-X \u2013 the world’s largest online commercial real estate exchange and a CoStar Group brand \u2013 today announced the launch date of Season 2 of its celebrated \u201cBattle of the Bids\u201d competition. 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Last year\u2019s first-ever Battle of the Bids featured more than 13,000 commercial real estate industry players competing to win $3.1 million of cash prizes. 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