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[CSGP – CoStar Group; REIS – Reis Inc.] Tale of Two Data Providers

Posted By scuttleblurb On In [CSGP] CoStar Group,[REIS] Reis Inc. | Comments Disabled

Before CoStar came onto the scene in 1987, getting clean and current data on rental rates, vacancies, absorption, and precedent comps needed to transact in commercial real estate was a vexing, ad hoc process.  In the early/mid-90s, juniors staffed across various financial institutions devoted significant chunks of their workweeks collecting and scrubbing this information.  Or […]

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[CBG – CBRE Group] Expensive on Normalized Earnings

Posted By scuttleblurb On In [CBRE] CBRE Group | Comments Disabled

CBG is a fine company but to claim that it is reasonably cycle-resilient post-GWS acquisition is an exaggeration.  Deriving 70% of fee revenue from contractual and purportedly recurring sources will not meaningfully cushion profits in the event of a commercial real estate swoon. From its roots as a regional commercial real estate broker founded in the aftermath of the 1906 […]

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