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Costar, which many brokers said was their main independent source of leasing information, charges about $120 per account per month for its most basic listing service, and about $500 and up for more comprehensive information such as stacking plans and lease expirations, industry sources said.
CoStar Go integrates a nationwide commercial property database, allowing brokers to access data ranging from sales, leases, space availabilities and building contacts from the field.
CoStar expects to fully integrate the underlying technology that supports its entire multifamily suite of services by mid-2018, thereby efficiently leveraging a common research and listing platform.
"CoStar revolutionized how the industry researches commercial real estate and LoopNet revolutionized the way the industry markets commercial real estate," said Andrew C.
In addition to being named a Top Leasing Firm, two Managing Principals, Tim Rikkers and Josh Rikkers, also received recognition as Power Brokers from the CoStar group on the individual level.
Under the sale agreement, $15 million of the consideration is being held in escrow for the purpose of funding additional build-out and planned improvements for CoStar's space and for the common areas of the building.
Madison, WI, March 09, 2013 --( Cresa Madison is pleased to announce that Managing Principals, Tim Rikkers and Matt Apter, have been recognized as Power Brokers by the CoStar Group, commercial real estate's leading independent research firm.
CoStar's National All Property Type Index, representing commercial real estate transaction pricing, slipped to its lowest point since the index peaked in February of 2008.
COSTAR GROUP INC., BETHESDA, MARYLAND, has signed a national, multiyear agreement with CB Richard Ellis Inc., Los Angeles, to provide its full suite of information services to CB Richard Ellis professionals in 36 major U.S.