Moody's launches new CRE portal to rival CoStar

REIS Network to use data services and tools from CompStak and Rockport VAL to provide for Moody's Analytics

Moody’s Analytics has launched its long-planned commercial real estate data portal, highlighting the company’s push into a space largely dominated by the CoStar Group.

The financial services giant, which is valued at $31 billion, has over the past year acquired, invested and partnered with data companies to provide a centralized portal of commercial real estate transaction tools. The Real Deal last month reported the company’s plans to build the portal, which would provide access to data from firms including Compstak and Rockport VAL.

The new portal, REIS Network, is named after the commercial real estate data company it acquired last September for $278 million. REIS was initially approached by CoStar for a sale, but after concerns for unwanted antitrust attention by the Federal Trade Commission, the discussions dissolved.

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