Xceligent Inc., one of the country’s largest commercial real-estate data providers, told its staff to “pack up their personal belongings and exit the building within the next 30 minutes” in the wake of its chapter 7 liquidation filing on Thursday, the Wall Street Journal reported. “A chapter 7 trustee will inventory all company property and, where missing, may seek to recover such property through the relevant court,” said an email delivered to Xceligent employees after the filing. “It is therefore extremely important that no company property be taken with your personal belongings.” Xceligent, which provided the commercial real-estate industry building-specific data on such things as occupancy and rents, began the liquidation process following a bruising one-year legal battle with arch-rival CoStar Group Inc. Xceligent’s business results also were disappointing, causing its parent, Daily Mail and General Trust PLC, to write its value down to zero in recent months.
