PRESS RELEASE DETAIL


Jan 09, 2008

GVA Williams Connects With CoStar In New Web Service

2001-06-01 2001 GVA Williams Connects With CoStar In New Web Service

BETHESDA, MD -- GVA Williams, a leading provider of commercial real estate servic...

2001-06-01 2001 GVA Williams Connects With CoStar In New Web Service

BETHESDA, MD -- GVA Williams, a leading provider of commercial real estate services, is now using CoStar Connect™ to enhance access and presentation of its exclusively represented office and industrial properties on its Web site at www.gvawilliams.com. GVA Williams' property listings are now more easily accessible and comprehensive for site visitors through functionality provided by CoStar Connect™. The subscription based service was developed by CoStar Group, Inc., the leading provider of information services to the U.S. commercial real estate industry, to allow commercial real estate firms to license CoStar's technology and content to market property listings on their corporate Web sites.

GVA Williams' Web site now enables the visitor to research real estate opportunities in a timely and efficient manner. In addition, http://www.gvawilliams.com now includes the ability to search GVA Williams' exclusive listings for certain preferences, specifications and availabilities. Each listing includes base building information, photographs, maps, floor plans and optional building tours. With a tenant-friendly design, http://www.gvawilliams.com listing information offers an intuitive Web environment for all visitors. GVA Williams' clients will also find a space calculator, featured properties, advanced search functions and quality marketing packages or broker mailers.

"GVA Williams continually evaluates new technology that enables us to best serve our clients," said William M. Barrett, chief operating officer of GVA Williams. "CoStar Connect™ provides us with a one-stop Web solution complete with sophisticated tools, full content, intuitive design, and seamless integration with our existing corporate Web site to create a very robust and easy to use service for our clients."

"We are excited that GVA Williams has chosen CoStar Connect™ to add new technology capabilities, such as the search engine, tailored space queries, space calculators, detailed mapping and virtual tours, to their Web site," stated Mark A. Klionsky, senior vice president of CoStar Group. "CoStar Connect™ enables active commercial real estate firms like GVA Williams to enhance the quality and depth of their listing information by incorporating data fields from CoStar's national database, regularly updated by CoStar's 700 researchers."

CoStar Connect™ derives its content from CoStar's database that contains information on more than 800,000 properties, more than one million digital images and approximately one million tenants, and is proactively managed by CoStar's 700 researchers. CoStar's research staff is responsible for updating the listing content on www.gvawilliams.com, relieving GVA Williams' staff from the burden of inputting listing information or keeping building data up-to-date.

"Commercial real estate firms need to cost effectively market their properties or listings through their corporate Web sites with ease," Klionsky added. "However, few brokerage firms or property owners have the time or capital required to design software, collect content or track down brokers to update their listings on a timely basis. CoStar designed CoStar Connect™ to provide our customers with an efficient solution that supplies more data, imagery and sophistication than they could have built independently."

About GVA Williams

Originally founded in 1926, GVA Williams is now managed by the third generation of its founding families. The company is a leading provider of specialized commercial real estate services, which include a comprehensive approach to leasing, property management, investment advisory services, development, construction management, mortgage brokerage, tenant representation and institutional management. GVA Williams, a founding partner in GVA Worldwide Ltd., has offices in midtown and downtown Manhattan, Parsippany, N.J., Rochester, N.Y., as well as downtown and suburban Chicago.

About CoStar Group, Inc.

Headquartered in Bethesda, Md., CoStar Group, Inc. has a suite of products that offers customers access to the most comprehensive, verified database of U.S. commercial real estate information in over 50 markets. CoStar has approximately 900 employees and contractors nationally, including approximately 700 highly trained commercial real estate research professionals in 27 offices.

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 March 31, 2001 under the heading "Risk Factors". In addition to these statements, there can be no assurance that CoStar Connect™ will be successful or that CoStar Connect™ will contain the features described in this press release. 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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