PRESS RELEASE DETAIL


Jan 07, 2008

New CoStar Web Service Helps Daum Commercial Connect with Customers

2001-12-17 2001 New CoStar Web Service Helps Daum Commercial Connect with Customers

BETHESDA, MD -- Daum Commercial Real Estate Services, one of South...

2001-12-17 2001 New CoStar Web Service Helps Daum Commercial Connect with Customers

BETHESDA, MD -- Daum Commercial Real Estate Services, one of Southern California's largest commercial real estate firms, is now using CoStar Connect™ to provide enhanced presentation of its for-lease and for-sale properties on http://www.daumcommercial.com. Daum Commercial's property listings are now more easily accessible and comprehensive for site visitors through functionality provided by CoStar Connect™.

CoStar Group Inc., the leading provider of information services to the U.S. commercial real estate industry, developed the subscription-based service to provide real estate firms with the technology and content needed to market their property listings on their corporate Web sites.

"We continually evaluate new technology that allows us to better serve our clients," stated Michael Nubel, president & CEO of Daum Commercial. "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."

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

"We are excited that Daum Commercial has chosen CoStar Connect™ to add new technology capabilities to its Web site," stated Andrew C. Florance, president & CEO of CoStar Group. "CoStar Connect™ enables active commercial real estate firms like Daum Commercial to enhance the quality and depth of their listing information, and relieves their brokers of the burden of maintaining the listing information on their Web site so they can concentrate on servicing clients."

CoStar Connect™ derives its content from CoStar's national database, which contains comprehensive information on more than 800,000 properties, more than 1 million digital images and approximately 1.3 million tenants. The database is proactively managed and updated by CoStar's 650 researchers. CoStar's research staff is responsible for updating the listing content on http://www.daumcommercial.com, so when visitors access Daum Commercial's Web site, they'll see the same information commercial real estate professionals use to advise their clients.

"Commercial real estate firms need to cost effectively market their properties or listings through their corporate Web sites with ease," Florance 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 Daum Commercial

Daum Commercial is one of the largest privately owned commercial real estate companies in Southern California. Headquartered in Los Angeles, the firm also maintains offices in Anaheim, Inland Empire, Newport Beach, Phoenix, San Gabriel Valley, Sherman Oaks, South Bay, Valencia, Ventura County, and Woodland Hills. Daum offers commercial real estate expertise in office, retail and industrial leasing, commercial investments, and corporate services.

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 850 employees and contractors nationally, including approximately 650 highly trained commercial real estate research professionals in 27 offices.

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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". In addition to these statements, there can be no assurance that CoStar ConnectTM will be successful or that CoStar ConnectTM 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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