PRESS RELEASE DETAIL


Jan 07, 2008

CoStar Group Signs National, Multi-Year Agreement With Julien J. Studley Inc.

2001-12-17 2001 CoStar Group Signs National, Multi-Year Agreement With Julien J. Studley Inc.

BETHESDA, MD -- CoStar Group Inc. (Nasdaq: CSGP), the le...

2001-12-17 2001 CoStar Group Signs National, Multi-Year Agreement With Julien J. Studley Inc.

BETHESDA, MD -- CoStar Group Inc. (Nasdaq: CSGP), the leading provider of information services to the U.S. commercial real estate industry, has signed a multi-market, multi-year renewal agreement with Julien J. Studley, Inc., a national commercial real estate firm specializing in tenant representation.

Under terms of the agreement, CoStar will provide Julien J. Studley brokers with access to CoStar information services in 25 U.S. markets. Studley professionals will be able to access CoStar Property™, a complete inventory of office and industrial properties, to research leasing options and analyze market conditions. Studley professionals also will have access to CoStar Tenant™, a database of the most comprehensive, detailed tenant information for business-to-business prospecting and analyses.

"Leading real estate services firms like Julien J. Studley are realizing that CoStar not only provides brokers with the fundamental supply and demand data for every major market, but also offers software and technology that allows brokers to more efficiently complete transactions," said Andrew C. Florance, CoStar's president & CEO. "We're honored Julien J. Studley has selected CoStar to provide its professionals with the industry's most comprehensive data and we look forward to building upon the mutually beneficial relationship our firms have enjoyed in recent years."

"We continue to seek new technologies that will allow us to better serve our clients," said Nicholas E. Borg, Julien J. Studley's senior executive vice president & COO. "CoStar data enable our brokers to research market issues and provide a more detailed level of analysis."

About CoStar Group, Inc.

Headquartered in Bethesda, MD, CoStar Group, Inc. (Nasdaq: CSGP), is the leading provider of information services to the U.S. commercial real estate industry. CoStar's suite of products offers customers access to the most comprehensive, verified database of commercial real estate information in over 50 U.S. markets. The company has approximately 850 employees and contractors nationally, including approximately 650 highly trained commercial real estate research professionals in 27 offices.

About Julien J. Studley, Inc.

Julien J. Studley, Inc. is a national commercial real estate firm specializing in tenant representation. The company is a leading provider of lease negotiation, sales, investment and acquisition advisory and consulting services for Fortune 500 corporations, high-tech companies, major law firms, financial institutions, nonprofit organizations and government agencies. The firm has 15 U.S. offices -- located in Atlanta; Chicago; Dallas; Denver; Fort Lauderdale, Fla.; Houston; Los Angeles; New Jersey; New York City; Orange County, Calif.; Philadelphia; San Francisco; and Suburban Washington and Washington, D.C. -- serving every major market in the country. Studley conducts business internationally as a founding member of Global Property Alliance, a consortium of leading real estate services firms worldwide. To learn more about the company, its people and its capabilities, please visit Studley at http://www.studley.com.

This news release includes "forward-looking statements," which involve many risks and uncertainties that could cause actual results to differ materially from these statements. Factors that could cause or contribute to such differences include, but are not limited to, those stated in CoStar's Form 10-Q for the quarter ended September 30, 2001, under the heading "Risk Factors." All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.
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