TORONTO–CoStar Group, Inc., a provider of commercial real estate information, analytics and online marketplaces, has signed a national five-year renewal agreement in Canada with Marcus & Millichap (MMI), a commercial real estate investment services firm with offices throughout the United States and Canada.
Through this agreement, CoStar will bolster Marcus & Millichap’s access to sales comps and market analytics throughout Toronto, Ottawa, Calgary, Edmonton and Vancouver.
“Progress on Marcus & Millichap’s expansion into Canada has been strong, highlighted by our recent growth in Montreal, Ottawa, and Edmonton,” said Greg LaBerge, Marcus & Millichap’s Chief Administrative Officer. “Our strategic relationship with CoStar in Canada is a natural extension of the firm’s commitment to providing the commercial real estate marketplace with a unique investment business model dedicated to maximizing value for real estate investors that our founders began in 1971.”
“CoStar is proud to forge an agreement with one of the industry’s premier providers of investment real estate brokerage services,” said CoStar Canada Managing Director, Mark Ibbotson. “Our data, analytics and tools are a valuable addition to the services Marcus & Millichap and its growing Institutional Property Advisors (IPA) division in Canada provide to private investors, professionals and institutions. We believe this strategic relationship will help take their Canadian business to new heights.”
CoStar provides a vast combination of reliable tools, resources and deep understanding on over 5 million commercial real estate properties in today’s market. Now, together with Marcus & Millichap, CoStar is here to keep clients moving ahead with confidence.