Insight

Cresa San Diego Recognized as Top Leasing Firm by CoStar

Commercial Real Estate's Leading Independent Research Service Annually Recognizes Top Leasing Firms in the Industry

April 1, 2014

San Diego - April 1, 2014 – Cresa San Diego has been named a 2013 Top Leasing Firm by CoStar Group (NASDAQ: CSGP), commercial real estate’s leading independent research firm. The Power Broker Awards annually recognize the “best of the best” in commercial real estate brokerage. This is the fifth consecutive year that Cresa has been awarded after being evaluated against other San Diego commercial real estate firms.

With the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market. Annually for the past 13 years, CoStar’s research team has verified and recorded the commercial real estate transactions that closed during the previous year. CoStar then presents CoStar Power Broker Awards to a select number of brokerage firms and individual brokers that closed the highest overall transaction volumes in commercial property sales and leases in each market.

CoStar Group founder and CEO Andrew C. Florance said, “These industry leaders deserve to be recognized for their expertise, hard work and superior deal-making abilities. We extend our congratulations to this year’s winners on their exceptional sales and leasing success.”  A complete list of 2013 CoStar Power Broker Award winners by market can be found at CoStarPowerBrokers.com.

“We are excited to be named a Top Leasing Firm for the fifth consecutive year," said Rich Porreco, Principal at Cresa San Diego. "In order to avoid the conflict of interest inherent in representing both sides of a real estate transaction, we pledge to represent tenants' interests only. The fact that our transaction volume compares favorably against the dual-agency firms, who conduct both landlord and tenant work, is a testament to our clients' trust."

About CoStar Group, Inc.

CoStar Group (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and marketplaces. Founded in 1987, CoStar Group 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. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 8 million registered members. CoStar Group operates websites that have over 8 million unique monthly visitors in aggregate. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe with a staff of more than 2,000 worldwide, including the industry's largest professional research organization. For more information, visit www.costar.com.