CoStar signs deals with four CA firms.

CoStar Group, Inc. announced that in June it signed new license agreements with terms of up to five years with four of the leading commercial real estate brokerage firms in San Diego, CA.

CoStar has signed separate license agreements with Colliers International, Lee & Associates, Volt Commercial Brokerage and Inland Pacific Commercial Properties to provide comprehensive commercial real estate information services. All four firms have been customers of Xceligent.

With these signings, 18 of the top 20 brokerage firms in San Diego have now chosen to use CoStar information services. CoStar now has more than 270 client firms in San Diego. These firms represent approximately 70% of the available commercial space in San Diego.

"These firms weighed a number of factors in choosing CoStar to provide their mission-critical market information," said CoStar president and CEO Andrew C. Florance. "We believe these new signings prove that the quality of the information, the usability of the software mad the effectiveness of customer service are much more important than an association endorsement alone."

"We believe this sea-change in the competitive balance is occurring in many other markets as well."

It was recently reported that the Atlanta Commercial Data Exchange change canceled its contract with Xceligent effective as of July, which might eliminate Xceligent as a competitive factor in Atlanta.