Real Capital Analytics (RCA), a leading research firm focused exclusively on the commercial property markets, announced that it has extended its license agreement with CB Richard Ellis Group, Inc. (CBRE), the world's largest commercial real estate services firm, to deliver RCA's global transaction database, reports and publications to CBRE professionals around the world.
"RCA has enjoyed a longstanding relationship with CBRE in the US for quite some time and the new global license with them is a huge vote of confidence in the global product we recently launched," said Bob White, RCA's founder and president.
RCA is the first and only independent research firm to comprehensively track sales of commercial property and to analyze capital flows, investment trends and real estate prices in more than 80 countries. RCA's proprietary database includes details on each transaction and the parties involved for the office, retail, industrial, multifamily, hotel and developable land sectors.
Ray Torto, Global Chief Economist for CBRE said, "Providing our clients with transaction knowledge and deal comparables across the globe is a CBRE goal that is greatly enhanced with every CBRE professional having access to RCA's timely and comprehensive global data services. We have been serviced well by RCA in the United States for some time and look forward to the same level of professional service globally."
RCA also recently published its Global Capital Trends report which highlighted over $503 billion USD in global commercial property sales for 2008 and also identified more than $82 billion USD of troubled assets around the world that are in the process of being foreclosed upon.