January 25, 2010 - Upstate New York
Rakow Commercial Realty Group Inc. has been selected by CoStar Group as a Co-Star Power Broker Award winner, for being the "best of the best" in commercial real estate brokerage. The annual recognition program of the Bethesda, Md.-based provider of information/marketing services to commercial real estate firms in the U.S. and abroad spotlights the U.S. firms and individual brokers who closed the highest transaction volume in commercial property sales or leases.
Rakow qualified for the Power Broker Award based on its total leasing transactions closed in Westchester and southern Conn. Its performance was measured against all commercial real estate brokerage firms active in its region by CoStar Group.
"We are deeply honored to be chosen for the Power Broker Award. It reflects our commitment to identifying and meeting client needs and to working with tenants and landlords in Westchester, Southern Connecticut and Northern New Jersey to facilitate new leases and renewals," said Rick Rakow, the firm's president and CEO. He added that his firm's transaction volume this year alone exceeded $47 million and that he anticipates similar or greater volume in 2010.
"We see many opportunities for helping our clients to take advantage of today's office, industrial and retail markets and we look forward to making 2010 a great year for any business seeking to renew a lease or to find space tailored to their specific needs."
"CoStar Group is very proud to recognize the commercial real estate brokerage firms and individual brokers who truly excelled and achieved remarkable sales and leasing success despite the difficult economic circumstances," said CoStar Group President and CEO Andrew Florance. "We congratulate Rakow Commercial Realty Group Inc. in its impressive professional accomplishment."
One of Rakow Commercial Realty Group Inc.'s most significant recent transactions was the +/- 30,000 s/f relocation of Castle Oil to 440 Mamaroneck Avenue in Harrison, N.Y. Among the firm's other recent noteworthy transactions were: the law firm of Siegel, Reilly & Conlon in Stamford, Conn., Environmental Power Corp., Benjamin F. Edwards & Co., and the law firm of Furman, Kornfeld & Brennan, LLP are all new tenants Rakow brought to Westchester, along with the expansion and extension of AKRF's lease at 34 South Broadway in White Plains, the expansion and extension of the accounting firm, Citrin Cooperman's space at 709 Westchester Avenue in White Plains, N.Y.
About CoStar Group, Inc.: CoStar Group, Inc. is the number one provider of information/marketing services to commercial real estate professionals in the United States, as well as the United Kingdom. CoStar offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S., as well has the United Kingdom and France. Headquartered in Bethesda, Md., CoStar has approximately 1,300 people working for the company worldwide, including the largest professional research organization in the industry. For more information visit http://www.costar.com.
Rakow Commercial Real Group, Inc. is an award-winning firm that has been helping tenants, buyers and sellers in Westchester, Southern Connecticut and adjacent areas for close to 25 years. It specializes in helping its commercial and retail clients relocate or renegotiate an existing lease in a manner that will reduce their costs and address their specific space needs. A member of the Business Council of Westchester's Business Hall of Fame, the Rakow Group has served more than 1,000 tenants, buyers and seller.