Type Private Founded 2001 Website www.cimls.com | Industry [Real Estate] Headquarters Vancouver, WA, USA | |
The Commercial Investment Multiple Listing Service (CIMLS.com) is a private company based in Vancouver, WA. Its primary business is to provide commercial real estate data. This includes commercial property listings (for sale and for lease) as well as comparable sale data in the United States. CIMLS.com was founded 2001 and is now one of the largest data sources in the commercial real estate industry. As of February 2012 the site has 280,000 registered members, 200,000 listings and $280 billion worth of commercial property listings. Commercial real estate brokerages that currently list on this site are: Century 21, CBRE, Coldwell Banker, Grubb & Ellis, and Prudential.
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History
CIMLS was founded in 2001 by a commercial real estate professional. Over its history it has been privately financed and maintained its status as an open data site – enabling all visitors to add and view listings for free. In 2007, CIMLS entered into a limited partnership agreement with mynextdeal.com. In 2011, management responsibilities were taken over by Cy Khormaee, who took a temporary leave from business school to run the company.
Business
The Commercial Investment Multiple Listing Service, with thousands of listings, has a free basic membership that enables users to search listings and place information and one photograph about a property. A gold membership, currently $20 a month, includes many extras like priority placement of a listing and the ability to attach marketing packages like property fliers.
Recently CIMLS has also added comparable property data sheets to its offering. This feature, which provides property images, transaction date, prices, and location information, is still only available in Portland, Oregon.