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August 31, 2009 (FinancialWire) -- Reis, Inc. (NASDAQ: REIS | Quote | Chart | News | PowerRating) announced a significant expansion of its commercial property transaction database by covering property sales transactions in an additional 90 markets for office, apartment and retail properties, raising the total number of metros covered to 172. For each of the new markets, offers its popular property-level Sales Comparables, or "sales comps," report, which contains information that is critical to understanding a sale, such as price, closing date, buyer, seller and, where available, financing terms. Clients are able to search the sales comps database to identify transactions that are relevant to their investment decisions. This advance comes as investors continue to monitor the steep drop off in commercial property sale volume and prices. "Particularly now, as transaction volume remains low, it is important to take as broad a view as possible when attempting to gauge the health of the nation's market for commercial property sales," said Reis's director of Research, Dr. Victor Calanog. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net. http://www.financialwire.net For full details for REIS click here.
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