Jan 09, 2008

TRI Commercial Connects With CoStar In New Web Service

2001-05-30 2001 TRI Commercial Connects With CoStar In New Web Service

BETHESDA, MD -- TRI Commercial Real Estate/ONCOR International, one of Northern...

2001-05-30 2001 TRI Commercial Connects With CoStar In New Web Service

BETHESDA, MD -- TRI Commercial Real Estate/ONCOR International, one of Northern California's largest commercial real estate firms, is now using CoStar Connect™ to enhance access and presentation of its exclusively represented properties on TRI Commercial's 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.

TRI Commercial's Web site now enables the visitor to research real estate opportunities in a timely and efficient manner. In addition, now includes the ability to search TRI Commercial's 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, information offers an intuitive Web environment for all visitors. TRI Commercial's clients will also find a space calculator, featured properties, advanced search functions and quality marketing packages or broker mailers.

"We are excited that TRI Commercial has chosen CoStar Connect™ to add new technology capabilities to their Web site such as the search engine, tailored space queries, space calculators, detailed mapping and virtual tours," stated Mark A. Klionsky, senior vice president of CoStar Group. "CoStar Connect™ enables active commercial real estate firms like TRI Commercial 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, relieving TRI Commercial's 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 TRI Commercial

TRI Commercial Real Estate/ONCOR International is one of the largest privately owned commercial real estate companies in Northern California. Headquartered in San Francisco, the firm also maintains offices in Oakland, Roseville, Santa Rosa and Walnut Creek. TRI offers commercial real estate expertise in office, retail and industrial leasing, commercial and multi-residential investments, mortgage brokerage and mergers & acquisitions. As an ONCOR International company, TRI provides clients with access to an elite network of member specialists in more than 200 markets worldwide.

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.