CoStar Group Signs National, Multi-Year Agreement with Grubb & Ellis Company.

BETHESDA, Md., July 26 /PRNewswire/ --

CoStar Group, Inc. (Nasdaq: CSGP), the leading provider of information services to the U.S. commercial real estate industry, announced today it has signed a multi-market, multi-year renewal agreement with Grubb & Ellis.

Under terms of the agreement, CoStar will provide Grubb & Ellis personnel in the real estate service firm's 42 U.S. offices with access to CoStar information products and services which include CoStar Property(TM), CoStar Tenant(TM) and CoStar COMPS(R). Grubb & Ellis employees currently using CoStar COMPS(R) will be upgraded to a new Web based version, part of CoStar's platform of uniform browser based applications.

"We're honored Grubb & Ellis has selected CoStar to provide their professionals with the industry's most comprehensive data. We're excited to continue to build upon the mutually beneficial relationship we've enjoyed through the years with Grubb & Ellis," said Andrew C. Florance, CoStar president and CEO. "This agreement is indicative of the type of contracts we are currently signing with many of our customers -- longer term contracts and volume buying plans. Our goal is to help our clients manage their information costs, while finding more and more value in CoStar's products and services."

About Grubb & Ellis

Grubb & Ellis Company is one of the world's leading commercial real estate services firms. Through its offices and affiliates and global strategic alliance with Knight Frank, a leading property ...