CoStar Press Release: CoStar Group, Inc. Wins Federal Trade Commission Approval to Acquire LoopNet, Inc.
[{"id": "c4hdd3j", "text": "This has been in the works for a while.   CoStar is terrible at valuations and is a waste of money if you're using it as a comp source.  As is Loopnet.  ", "replies": [{"id": "c4hg6b5", "text": "100% Agree... Wwwarwick, since you and I are in the same field what is your opinion on a better comp source? (other than networking with other brokers and knowing you stuff)\n\n", "replies": [{"id": "c4hh891", "text": "There really is no better source.  I am yet to see a source that has any extensive database which includes  the cap rate consistently.  Also, lease term is as big of factor as the cap rate, as it could drive the cap rate easily 400 bps.   We use an internal one and track any deal (including all the deal metrics) we have or have seen on the market, and update as we hear them close on the market, either through coStar, broker distribution emails, or other various sources.", "replies": [{"id": "c4hn6dw", "text": "The place to look for cap rates is not CoStar or Loopnet. 90% of the small to medium sized properties do not have them, and the ones there are mostly useless. Example: Brokers usually come up with cap rates by using rental income and not NOI with non-NNN properties.\n\nWe use market reports, and our database of appraisals to track cap rates.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]