DealmakingProptechReal Estate Tech

Crexi announces two C-suite appointments

CRE marketplace says the move coincides with new headquarters, team growth

Crexi, a commercial real estate (CRE) marketplace and data platform, today announced promoting Eli Randel to Chief Operating Officer (COO) and hiring Shannon Garner as its first Chief People and Culture Officer, according to a press release.

Randel will direct new product launches and oversee daily operations in his new role, after joining the company as VP of Sales in 2016 and acting as Chief Strategy Officer since 2019. Prior to joining Crexi, Randel worked as Director of Dispositions for Invitation Homes (in preparation of its IPO) and also acted as Director of Capital Markets at Cohen Financial and senior financial analyst at CBRE.

“Eli has been an integral part of Crexi’s growth over the past six years. He understands the company and the industry, and has the know-how needed to build Crexi into the largest, most transparent, and user-friendly CRE platform in the world,” stated Michael DeGiorgio, Crexi founder and CEO, in the release.

Shannon Garner, Crexi’s new and first Chief People and Culture Officer, joins the company after leading global human resources for 1,700-employee mobile game company Scopely. She also previously held roles at operations and service provider TechStyleOS and medical tech corporation BD.

Crexi (Commercial Real Estate Exchange, Inc.) says Garner will held drive valuation, revenue and growth through the development and execution of its human resources strategies, and will partner with existing leadership to meet “the diverse and evolving needs of employees.”

“Shannon will ensure that, as Crexi expands, our people-first culture remains. Our technology is changing CRE, but it’s our employees who empower Crexi to be the dynamic, fast-growing company we are today,” DeGiorgio said.

The company says that the appointments coincide with the opening of its new headquarters in Playa Vista, California, noting that the larger headquarters will enable continued growth and expanded hiring opportunities.

Crexi says that in the past year it has grown its team size by over 72%, with currently over 300 employees across the nation. The company also stated that since launching in 2015 it has been used to facilitate over 500,000 commercial listings transactions, totaling over $1 trillion in property value.

“Over the past seven years, Crexi has grown dramatically, both in employee headcount and revenue. The new office space will enable our continued growth on both fronts, strengthen our people first culture, and cement Crexi as a market leader,” DeGiorgio said. 

In other recent proptech news, workplace sensor tech startup XY Sense raised an $8 million Pre-Series A. Tax consulting firm Ryan also continued its acquisition spree with the purchase of Paradigm Tax Group (PTG).

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