e director Keith Berry said that the portal will streamline data sources and tools for the commercial real estate industry.
“Our goal is to become a leading source for data and analytics for commercial real estate transactions,” Berry said.
The company enters a data industry that for decades has been dominated by Washington D.C.-based CoStar Group, which is valued at $14.6 billion. CoStar s core product is providing property level data to the commercial real estate industry, which is obtained largely through cold calling brokers for information. It has also diversified its portfolio and entered the residential space with a flurry of acquisitions in recent years, the largest being Apartments.com. CoStar declined to comment on Moody s announcement.
Tags: Costar Group, moody’s, reis, Tech
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