Honest Buildings hits $100M milestone

Online real estate marketplace finds qualified vendors for developers

Manhattan-based Honest Buildings, an online marketplace that connects developers and landlords with engineers, architects and other real estate vendors, has crossed the $100-million mark in projects originated through the site, a spokesperson for the startup told The Real Deal.

To use the network, a developer or landlord submits project details along with criteria for what they’re looking for in a vendor. The site then searches for matches based on those criteria, and produces a short list of qualified vendors. Honest Buildings, which was featured in TRD’s story on “Real estate’s hot new entrepreneurs,”  has seen a surge in activity of late. The site did $55 million worth of business in all of 2013. In the first two months this year, that figure is already up to $45 million.

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Clients include Vornado Realty Trust, Sitt Asset Management, and Cushman and Wakefield. Honest takes a commission, typically between 3 and 5 percent, from vendors if they’re hired. The company has raised just under $11.5 million, from investors including Joshua Kushner’s Thrive Capital, CEO Riggs Kubiak told TRD in February. – Hiten Samtani

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Honest Buildings hits $100M milestone

Online real estate marketplace finds qualified vendors for developers

Manhattan-based Honest Buildings, an online marketplace that connects developers and landlords with engineers, architects and other real estate vendors, has crossed the $100-million mark in projects originated through the site, a spokesperson for the startup told The Real Deal.

To use the network, a developer or landlord submits project details along with criteria for what they’re looking for in a vendor. The site then searches for matches based on those criteria, and produces a short list of qualified vendors. Honest Buildings, which was featured in TRD’s story on “Real estate’s hot new entrepreneurs,”  has seen a surge in activity of late. The site did $55 million worth of business in all of 2013. In the first two months this year, that figure is already up to $45 million.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Clients include Vornado Realty Trust, Sitt Asset Management, and Cushman and Wakefield. Honest takes a commission, typically between 3 and 5 percent, from vendors if they’re hired. The company has raised just under $11.5 million, from investors including Joshua Kushner’s Thrive Capital, CEO Riggs Kubiak told TRD in February. – Hiten Samtani

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