August 25, 2022
KM’s King wins prognostication contest
#MAG-ENLARGE
The web industrial actual property alternate Ten-X not too long ago concluded what it known as the “Battle of the Bids.” Competing brokers tried to guess the ultimate closing costs on ten properties being provided on the worldwide alternate. Some 15,000 brokers vied with their predictions, in eight rounds lasting from April to the tip of final month. The competition distributed $3 million in prizes over the rounds, and the general winner took residence $1.2 million, plus a $100,000 bonus for charitable giving. Who gained? Native dealer Mike King of Kidder Mathews, the agency introduced. His bets had an accuracy price of 92.7%. He gave the bonus cash to Huge Brother Huge Sisters of Puget Sound, and stated in a press release, “I have been concerned with Huge Brothers Huge Sisters since 2007. It feels nice to have the ability to double down and donate one other $100,000 to an ideal group.” Ten-X is a part of CoStar. Ten-X president Steve Jacobs stated, “Being the primary to gamify CRE, CoStar Group got down to showcase each the ability of Ten-X and the expertise of the brokers that use it.” Based mostly within the Bay Space, Ten-X was launched in 2009 to assist liquidate casualties of the Nice Recession, and is now the world’s largest on-line industrial actual property alternate.