Real estate tech companies CompStak and Xceligent agreed to integrate their online platforms in a deal that could allow the companies to better compete with CoStar.
CompStak offers a crowdsourced database for leasing comps, while Xceligent runs a commercial property database. Users who subscribe to both products will be able to find properties and see each building’s leasing comp on the same platform, The Real Deal reports. The deal could help Xceligent expand into the New York market due to CompStak’s presence in the city, while Compstak co-founder Michael Mandel said he hopes the partnership will strengthen its presence beyond New York.
As part of an ongoing legal battle, which CoStar is prepared to spend $20M on this year, CoStar alleged Xceligent stole and resold copyrighted data and photos more than 9,000 times. More recently CoStar won a legal battle over copyright infringement in March, in which a federal judge ordered Apartment Hunters to pay $10K for each infringed listing and image.
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