Case Study: Stevenson Real Estate achieves 99% faster research and a surge in $10–$30M deals with CoStar Group

Stevenson Real Estate Services Cuts Research time by Nearly 100 percent; Realizes Surge in Deal Value Using CoStar

Stevenson Real Estate, a family-owned commercial brokerage founded in 1962 in Glendale, California, faced increasingly complex governmental approval processes and needed greater efficiency to strengthen long-standing client relationships. The firm turned to CoStar Group (CoStar), using CoStar’s commercial property data and analytics platform to access lease terms, tenant contact data and comparable sales and leases.

CoStar Group enabled Stevenson to identify tenants with leases nearing expiration, jump ahead of renewal and relocation cycles, and eliminate traditional lead-generation workflows. The result: research time cut by roughly 99%, the ability to close larger $10–$30 million deals, about a 60% increase in completed transactions year-over-year (2016 vs. 2015), and a 20% rise in sales volume.

Stevenson Real Estate

Randy Stevenson

President