PRESS RELEASE DETAIL


Sep 03, 2008

Reid Lambert Wins CoStar’s Porsche Giveaway at ICSC Event in Las Vegas

2008-05-21 2008 Reid Lambert Wins CoStar’s Porsche Giveaway at ICSC Event in Las Vegas Accounts Manager for Alpharetta, GA-based IEM Wins Porsche Cayman from CoStar Gr...

2008-05-21 2008 Reid Lambert Wins CoStar’s Porsche Giveaway at ICSC Event in Las Vegas Accounts Manager for Alpharetta, GA-based IEM Wins Porsche Cayman from CoStar Group in Drawing Held at ICSC RECon Event

LAS VEGAS, NV – May 21, 2008 – Reid Lambert, a new accounts manager with Alpharetta, GA–based International Environmental Management (IEM) Inc., accepts the keys to a new 2008 Porsche Cayman sports car from Andrew C. Florance, founder and CEO of CoStar Group, Inc.  Lambert’s business card was the one drawn from thousands entered in the annual drawing held at CoStar’s booth during the International Council of Shopping Centers (ICSC) RECon global retail real estate convention in Las Vegas. 

During the event, CoStar officially presented CoStar Showcase®, a new online property marketing service that harnesses the substantial web traffic generated at CoStar.com to provide commercial real estate professionals with a dynamic new channel for maximizing the visibility of their available office, retail, warehouse/industrial, multifamily, land and other commercial properties before a large audience of online prospects. By presenting listings of available commercial property through a free property search to the more than 1.3 million unique visitors at CoStar.com each quarter, and to thousands more expected through keyword linking strategies on Google™, Yahoo!® and other leading search engines, CoStar Showcase® enables commercial real estate professionals to reach more prospects and generate more leads for their available space for lease and property for sale.

About CoStar Group, Inc.

CoStar Group, Inc. (Nasdaq: CSGP ) 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's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France.  Headquartered in Bethesda, MD, the company has approximately 1,300 employees, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar’s expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar’s Form 10-K for the year ended December 31, 2007 and CoStar’s Form 10-Q for the quarter ended March 31, 2008, under the heading “Risk Factors.”  In addition to these statements, there can be no assurance that CoStar Showcase will maximize the visibility of commercial real estate professionals’ available commercial properties before a large audience of online prospects and that commercial real estate professionals will be able to reach more prospects and generate more leads for their available space for lease and property for sale by using CoStar Showcase®. 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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