NEW YORK (PRWEB) May 01, 2018
Reonomy, a leading provider of commercial real estate (CRE) data and analytics, today announced new data partnerships with top CRE institutions Cushman Wakefield, Avison Young and WeWork. The new partnerships come on the heels of $16 million in new funding, and demonstrate continued momentum for Reonomy’s expanded CRE data business, which includes API feeds and data services for enterprise customers in addition to subscription-based web applications.
Avison Young, Cushman & Wakefield and WeWork join a growing list of nearly two dozen data partners -- including top tier brokerages, occupiers, institutional investors and hedge funds -- who are using Reonomy’s data products to better understand their own data and augment it with validated third-party intelligence.
“Reonomy’s solutions are truly unique within commercial real estate,” said James Nelson, principal and head of tri-state investment sales for Avison Young, and an early adopter of Reonomy’s enterprise products. “Reonomy data allows us to make quicker and more informed decisions backed by a wealth of historically untapped data.”
Dave Fano, chief growth officer at WeWork, said: “Data is at the heart of how we conceptualize, analyze and develop our locations. From providing WeWork with leading industry intelligence to powering database efficiency, Reonomy’s enterprise products play an instrumental role in our data initiatives. They’ve become a strategic and valued partner to our growth and real estate teams.”
A key driver of this trend is Reonomy’s entity resolution API, which helps firms unify and cleanse their data for timely analysis and actionable insight. By matching any property to a unique Reonomy ID, entity resolution allows users to bring an array of data sources to one point of reference, allowing companies to reconcile both proprietary and third-party data.
“We’re excited to see the fast adoption of our enterprise API feeds,” said Richard Sarkis, CEO and co-founder of Reonomy. “For years, sophisticated CRE firms have been trying to cleanse their data and stitch together property details across multiple data schema. Our entity resolution API streamlines that process for them, and sets them up with an enterprise-wide solution to improve CRE data management.”
Bill Okun and Michelle Felman Join Reonomy’s Board
Reonomy also announced two new board members -- Bill Okun, a senior executive with significant cross-industry product and commercial leadership experience, and Michelle Felman, a seasoned CRE executive with extensive international experience. Both are dedicated to helping Reonomy grow and scale the business, while delivering on its mission to transform the CRE industry through machine learning and data science.
Bill Okun is currently president of McGraw-Hill Education’s Higher Education group. He previously served as chief commercial officer for CEB; president of Relationship Science LLC; and executive managing director at Standard & Poor's, where he managed the Equity Research Services business unit. He joined Standard & Poor's with the acquisition of Capital IQ, where he had served as executive vice president. Prior to Capital IQ, Bill was a director at Sapient Corporation. He holds a bachelor’s degree in history from Amherst College and an MBA from The Fuqua School of Business at Duke University.
Michelle Felman is founder of JAM Holdings, an investment and advisory firm. She currently serves as a trustee for The Partners Group, a global private equity firm; a board member for Forest City Realty Trust and Cumming Corp., a global project management and cost consulting company; and an advisory board member for Turner Impact Capital, a for-profit social impact platform providing education, housing and healthcare solutions. Throughout her distinguished career, Felman has served in executive and board roles for some of the largest real estate and financial firms, including Vornado Realty Trust, LNR Property, GE Capital and Morgan Stanley. Michelle received her bachelor’s degree in economics from The University of California, Berkeley and her MBA from The Wharton School at The University of Pennsylvania.
Reonomy enables lenders, brokers and investors to win more business, close more deals and make better and faster decisions. The company offers powerful analytics and a vast array of validated property and market level data, collected continuously and delivered via easy-to-use web-based software and data APIs. Founded in 2013, Reonomy is headquartered in New York. For more information, visit http://www.reonomy.com or follow us @Reonomy on Twitter.