CRE Simple's deal-making tech platform acquired by Arizona broker in bankruptcy auction

The core technology behind CRE Simple Inc., a venture-backed Oakland real estate technology startup that filed for Chapter 7 earlier this year, has a new owner.

Habanero CRE Simple LLC, an entity formed in Arizona, purchased the proprietary source code for CRE Simple’s deal-managing platform for $121,000 at a bankruptcy auction earlier this month. The sale closed June 7, according to records from the U.S. Bankruptcy Court for the Northern District of California.