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Xceligent Shutters: Site To Do Business Down

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hastalavista

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Joined
May 16, 2005
Professional Status
Certified General Appraiser
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California
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timd354

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Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
I just received an email from CCIM that says Xceligent ceased their operations. Xceligent hosted the STDB website.

Here's the news on Xceligent: https://therealdeal.com/2017/12/14/xceligent-shuts-down-firm-files-for-chapter-7-source/

Some may recall they and Costar were in a lawsuit. I was hoping they'd break Costar's stranglehold, but it looks like I'll have to wait for another challenger and another day.
The employees were given 30 minutes notice that the company was closing and to gather their personal belongings and leave the building - wow, that is harsh
 

hastalavista

Elite Member
Joined
May 16, 2005
Professional Status
Certified General Appraiser
State
California
The employees were given 30 minutes notice that the company was closing and to gather their personal belongings and leave the building - wow, that is harsh

It is harsh. But if their coffers were empty, the alternative would be to let the employees show up today with the doors locked, escorting them inside to collect their personal belongings and escorting them out again.
I'd rather have the 30-minutes at the end of Thursday if those are the only two choices (neither one great at any time, but especially not so during the holiday season).
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
It is harsh. But if their coffers were empty, the alternative would be to let the employees show up today with the doors locked, escorting them inside to collect their personal belongings and escorting them out again.
I'd rather have the 30-minutes at the end of Thursday if those are the only two choices (neither one great at any time, but especially not so during the holiday season).
Their coffers were not empty...they are owned by a larger corporation that decided to cut its losses and shut it down
 

Red Flint

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May 15, 2005
Professional Status
General Public
State
Michigan
STDB back online but in reduced fashion - business analysis/arcgis.
 
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