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Real Estate/Development,
Intellectual Property,
Civil Litigation

Sep. 28, 2020

National data firm alleges LA competitor stole intellectual property

The lawsuit alleges Los Angeles-based Commercial Real Estate Exchange Inc., known as CREXi, is attempting to build its own online commercial real estate marketplace and auction platform "by free-riding on CoStar's billions of dollars of investments and the 30-plus years of hard work by CoStar's employees."

The commercial real estate data firm CoStar Group said in a lawsuit Friday its content and intellectual property is being stolen by a competitor, which is using the information to start a rival business.

The lawsuit alleges Los Angeles-based Commercial Real Estate Exchange Inc., known as CREXi, is attempting to build its own online commercial real estate marketplace and auction platform "by free-riding on CoStar's billions of doll...

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