Tag Archives: CoStar

Repeat sales in the commercial real estate market in January came to just one-third of their December volume, according to CoStar's monthly Commercial Repeat Sale Indices. However, the Washington-based analytics and marketing firm said this drop was to be expected and pointed to several positive signs in the sector. January's repeat sales volume was $3.1 billion, about a third of the previous month's volume. The decline was ""expected as the flurry of year-end 2012 deal making subsided,"" CoStar said in its report.

One year after CoStar Group, Inc. rescued the Mortgage Bankers Association (MBA) from an underwater mortgage on its Washington D.C. headquarters building, CoStar has sold the property for a $60 million profit. MBA bought the property for $79 million in 2007, but agreed to sell the building last February to CoStar for $41.25 million. CoStar held on to the property long enough to see values in the D.C. area recover ahead of most of the country, and has sold the building to GLL Real Estate Partners of Germany for $101 million.