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Saturday, July 4, 2020
Home Startup Biproxi: Commercial Real Estate for The Modern World

Biproxi: Commercial Real Estate for The Modern World

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Biproxi is a new startup based out of San Diego that aims to be the leading end-to-end commercial real estate transaction platform, trusted by some of the largest commercial brokerages.

Founded in late 2018, Biproxi is led by industry veterans Gordon Smith (CEO), Guy Carrington (Head of Special Projects), Yan Khamish (Head of Partnerships), and Thatcher Milholland (Head of Growth). Of the four founders, Smith, Khamish, and Milholland were all former executives at Ten-X, another online marketplace for commercial real estate (CRE).

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From left to right: Yan Khamish, Carrington Guy, Thatcher Milholland, and Gordon Smith. (Courtesy of BIproxi)

During their time at Ten-X, they began to see an opportunity to fill a gap in the historically fractured and segmented commercial real estate market. They started talking to one another and soon formulated a plan to launch their own platform that would focus on the small-to-midsized market. They recruited Carrington Guy (another industry veteran) to join them in their quest to be the number one commercial real estate platform on the market. They began to put a small team together, as well as an Advisory Board, comprised of technology and industry veterans and got straight to work on their platform.

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Their main goal with this platform was to offer a free MLS for commercial properties, and to act as a one-stop-shop for buyers, brokers, and sellers, streamlining and expediting the commercial real estate marketing and transaction process while empowering brokers to sell intelligently and buyers to invest with confidence.

Along with data reports and service offerings, the Biproxi founders also saw an opportunity to centralize data on commercial listings both on and off-market and thus created Biproxi Off Market, an algorithmic-based data platform that provides data on over 32 million commercial properties not currently on the market, as well as biproximate™, a free product that provides values on more than 10 million commercial properties across the United States.

Just before the official launch, the Biproxi platform was used on an invitation-only basis for a select group of brokers to test the platform and get feedback. This proved to be a good move as they received overwhelmingly positive feedback which enabled them to form partnerships with major brokerages. When Biproxi officially launched in late 2018 they had an extensive collection of sales and lease offerings, giving them a healthy boost on launch day.

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Offering unprecedented access to comprehensive data reports, property information, and on-demand marketing products and services, Biproxi enables brokers, sellers, and investors to make more intelligent decisions on their asset portfolios and investment properties.

Message from Founders

Until now, accessing transaction history or the current market value of a commercial real estate property requires an expensive data subscription.  Biproxi has simplified this process by providing investors and agents tools to list, market, and transact faster with better information on one platform.

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