IRVINE, CA—Ten-X, an online real estate transaction marketplace, has named Steve Jacobs general manager of Ten-X Commercial. Based in the firm’s headquarters here, Jacobs will oversee Ten-X’s commercial business and will be responsible for expanding the offerings and services Ten-X provides to brokers, sellers and buyers.
In the coming months, Jacobs will focus on initiatives to scale the Ten-X Commercial business, including launching an enhanced version of one of Ten-X’s flagship transactional platforms, Offer Select, which moves the traditional real estate transaction process online.
“The real estate landscape is evolving rapidly, and as Ten-X Commercial expands and evolves its platform, Steve’s addition as general manager will help propel us forward,” said Tim Morse, CEO of Ten-X. “Steve has decades of experience in various capacities within commercial real estate, including several years as a user of our platform, providing him with the unique ability to view our offerings through the lens of a customer. This perspective, coupled with his unmatched operational skills and data-driven approach, makes Steve ideally suited to accelerate our growth and ensure an enhanced experience for our customers.”
The announcement of Jacobs’ appointment comes on the heels of several significant additions to the Ten-X Commercial executive team. In the second half of 2016, the firm welcomed commercial real estate veterans Camille Renshaw to head sales, and Maureen Waters to serve as chief marketing officer.
“The commercial real estate industry’s adoption of Ten-X over the past few years is indicative of both the limitations of traditional acquisition and disposition methods, and the success Ten-X has had blending data-driven technology with industry experience to create a powerful solution,” said Jacobs. “Working hand in hand with the industry, Ten-X has forged a new paradigm for buying and selling real estate, accelerating the transaction process for billions of dollars of quality commercial assets.”
Prior to joining Ten-X in 2016, Jacobs was managing director at CWCapital, where he was responsible for building, operating and managing the company’s internal disposition efforts. He also served as senior managing director and partner at Rockwood Real Estate Advisors, where he oversaw asset management, advisory and client management, and was a VP of real estate investment management at The MONY Group.