WASHINGTON, Dec. 14, 2011 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), commercial real estate's leading provider of information and analytic services, today announced that the Cincinnati and Columbus, Ohio, offices of Colliers International, a leading global real estate services organization, have selected CoStar as their research and information solution for the State of Ohio.
Colliers professionals throughout Ohio now have access to a comprehensive suite of CoStar information services that includes CoStar Property Professional®, CoStar COMPS Professional®, and CoStar Tenant®. In addition, Colliers professionals will be able to leverage the power of these services in the field with CoStarGo, CoStar's revolutionary new mobile application for the iPad. CoStarGo allows commercial real estate professionals to access CoStar's extensive property and market data, sales comparables and tenant information in an interactive mobile interface.
"We are pleased to equip our brokerage professionals with CoStar's industry leading research and information services," said Richard B. Schuen, CCIM, SIOR, Chief Executive Officer and Principal of Colliers International in Columbus. "Having access to CoStar's extensive property information and market data will greatly support our efforts to accelerate the success of our clients."
Shenan Murphy, Chief Executive Officer and Principal of Colliers International in Cincinnati, is also excited to continue his office's relationship with CoStar. "CoStar's quality information and innovative technology like CoStarGo give us a remarkable competitive advantage and enhance our productivity while providing our clients with the highest level of service," Murphy said.
"We are thrilled to expand our relationship with Colliers International, and look forward to supporting the firm's growing Ohio operations for many years to come," added CoStar founder and CEO Andrew C. Florance.
CoStar Property Professional offers the most complete inventory of U.S. commercial properties of all asset types and sophisticated software to research leasing options, analyze market conditions and demographic data, and position properties in the marketplace. CoStar Tenant is a comprehensive database of detailed tenant information for prospecting and analyses with sophisticated search capabilities. CoStar COMPS Professional is the most comprehensive national database of commercial comparable sales transactions.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (Nasdaq:FSRV) (TSX:FSV) (FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world. For more information, visit http://www.colliers.com.
About CoStar Group, Inc.
CoStar Group (Nasdaq:CSGP) is commercial real estate's leading provider of information and analytic services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret, and gain unmatched insight on commercial property values, market conditions, tenants and current availabilities. Headquartered in Washington, D.C., CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 1,500 worldwide, including the industry's largest professional research organization. For more information, visit 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, 2010, and Form 10-Q for the quarter ended September 30, 2011, under the heading "Risk Factors." In addition to these statements, there can be no assurance that Colliers professionals will leverage the power of CoStar's services in the field; that access to CoStar's property information and market data will accelerate the success of clients of Colliers International in Columbus or Cincinnati; that CoStar's information and technology give Colliers International in Columbus or Cincinnati a remarkable advantage and enhance its productivity while providing its clients with the highest level of service; and that CoStar will be supporting Colliers International's growing Ohio operation for many years. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements, whether as a result of new information, future events or otherwise.