Ten-X Commercial and brokers have sold $1.56 billion of commercial real estate properties in 2018 through the platform. The platform transacted $689 million of commercial real estate in the third quarter. Ten-X is a transaction platform for commercial real estate.

"The steady user growth and increase in traffic between launch and Q3 is a testament to how the industry wants more real-time data, control and efficiency in transacting commercial real estate," said Lawrence Yuan, CTO for Ten-X Commercial.

Notable Q3 transactions on the Ten-X platform across all segments include:

• The $33.2 million sale of an industrial property in Michigan via the Offer Select transaction solution where the platform brought in 16 registered buyers from across the U.S.
• The $32.86 million sale of a 235,661-square-foot office property comprised of two buildings in Washington that closed in less than 90 days after the Live Bid event ended
• The $17.62 million sale of a three-story apartment complex in California that had 4,400-page visits, 186 secure document vault visitors and 22 registered bidders
• The $15.55 million sale of an 89,473-square-foot shopping center anchored by Guitar Center in California, which reached maximum value at 124% more than reserve
• The $8.65 million sale of a 116-key Hyatt House hotel property in Texas that brought in more than 5,000 visits to the property details page and 288 secure document vault visitors
• The $5.31 million sale of a 46,259-square-foot neighborhood shopping center in Florida that brought in 28 registered bidders for a late July auction and closed in 30 days

"As we continue to evolve the Ten-X platform to better provide our customers with essential tools, we are pleased to see transaction GMV increase by 16 percent year-over-year," said Ten-X President Maureen Waters. "