CoStar, Marcus & Millichap renew their commitment.CoStar Group CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of , Inc. announced that it has signed a multi-year, multi-market renewal agreement to provide comprehensive commercial real estate leasing and sales information to Marcus & Millichap, one of the nation's largest commercial real estate investment sales brokerage firms. Marcus & Millichap has been a CoStar customer since 1983, and now has over 1,350 professionals accessing CoStar COMPS Comps Another term for "same store sales," which helps investors determine how well a company's brand is doing and how the stores are increasing revenue. Notes: For example, you might hear that Wal-Mart's comps increased 9% last quarter. and hundreds of professionals accessing CoStar Property at 48 sites across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Since 1995, the firm has opened 17 new offices and increased its brokerage force by more than 40%. In 2004, Marcus & Millichap closed $14.4 billion in investment transactions nationally, up 40% from 2003. Marcus & Millichap is the largest consumer of CoStar COMPS, the national database of verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. commercial sale comparables. "We are pleased to continue our association with one of the premier firms in the investment sales arena," said CoStar Group president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Andrew C. Florance. "When you consider that retail properties represent over 20% of all commercial sales transactions, we believe our major planned expansion into the retail real estate sector will make our services even more valuable to firms like Marcus & Millichap." "Providing a comprehensive set of property and market analysis tools has been a pivotal part of helping our clients evaluate and form their investment strategies throughout our 34-year history," said Marcus & Millichap president and CEO Harvey Harvey, city (1990 pop. 29,771), Cook co., NE Ill., a suburb S of Chicago; inc. 1895. Its manufactures include steel castings, metal products, chemicals, machinery, and electronic equipment. Harvey has an oil research center. The city was founded by Turlington W. Green. "The information provided by CoStar is an important complement to the market data that we gather, analyze and interpret locally and nationally, and CoStar has been a strong and reliable information partner." |
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