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Sperry Commercial Global Affiliates Builds on Market Advantage with New CoStar National License Agreement

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NEWPORT BEACH, Calif., Aug. 03, 2017 (GLOBE NEWSWIRE) -- Sperry Commercial Global Affiliates announced today that it has signed a new national license agreement with CoStar Group, Inc. (NASDAQ:CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. With this new agreement, all Sperry Commercial Global Affiliate brokers across the nation will have access to CoStar's comprehensive and detailed database of commercial real estate.

"Essentially if you are in commercial real estate you need CoStar. The information, marketing and analytic tools we gain from making CoStar available to our affiliates in the US will provide them with a measureable advantage," said Rich Enderlin, COO, Sperry Commercial Global Affiliates. "It's a major recruiting tool as well for us because it puts our firm on a level playing field with many of the national players."

"We are honored that Sperry Commercial Global Affiliates is expanding their relationship with CoStar and that their brokers are gaining an even bigger competitive advantage with our solution" stated CoStar Group Founder and Chief Executive Officer Andrew Florance.  "Our research team diligently curates and certifies information on approximately $1.5 trillion of potential real estate transactions. The unmatched breadth of all active listings and the full inventory of properties, coupled with tenant data, sales and lease comparables,  analytics and news, provides commercial real estate professionals with all of the information they need to compete and win in the market."

Since its launch in 2016, Sperry Commercial Global Affiliates has been expanding quickly adding major affiliates throughout the US. Most recently the firm added offices in Dallas, Phoenix, St, Louis, Chicago, Tampa and Birmingham.

About Sperry Commercial Global Affiliates, LLC: Sperry Commercial Global Affiliates, LLC will offer the highest level of commercial real estate services available through thoughtful, cooperative, and ethical practices. The firm is headquartered in Irvine with more than 15 offices located throughout the Western United States. Unique to Sperry Commercial Global Affiliates, LLC are a system of tools for affiliates that include a comprehensive real estate intranet and transaction management platform named Sperry CENTRAL and a custom designed marketing support software system called SperryLINK, among other immediate industry advantages. For more information, visit www.sperrycga.com

About CoStar Group: CoStar Group, Inc. (NASDAQ:CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. LoopNet is the most heavily trafficked commercial real estate marketplace online with over 5 million monthly unique visitors per month. Apartments.com, ApartmentFinder.com, ApartmentHomeLiving.com, Westside Rentals and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Through an exclusive partnership with Move, a subsidiary of News Corporation, Apartments.com is the exclusive provider of apartment community listings across Move's family of websites, which include realtor.com®, doorsteps.com and move.com.  CoStar Group's websites attracted an average of over 37 million unique monthly visitors in aggregate in the second quarter of 2017. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe and Canada with a staff of over 3,500 worldwide, including the industry's largest professional research organization. For more information, visit www.costargroup.com.

Contact: 
Jessica Thompson
Phone Number: 949-233-8575
Email: jessica@spauldingthompson.com

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