CoStar Property now web-based. (Technology Update).CoStar Group CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of , Inc. announced the release of the first web-based version of CoStar Property[R], the industry's most widely used space inventory/availability database and analysis system. CoStar Property, the company's flagship service, provides commercial real estate brokers, property owners, lenders, developers and managers with a comprehensive inventory of office and industrial properties in 50 U.S. markets. An estimated 40,000 commercial real estate professionals use CoStar Property to identify available space, analyze market conditions, evaluate leasing and sale opportunities, value assets and position properties in the marketplace. CoStar Property is delivered through a new CoStar Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the platform that seamlessly integrates the company's four subscription-based information services--CoStar Property[R], CoStar Tenant[R], CoStar COMPS Comps Another term for "same store sales," which helps investors determine how well a company's brand is doing and how the stores are increasing revenue. Notes: For example, you might hear that Wal-Mart's comps increased 9% last quarter. [R], and CoStar Exchange[R]. CoStar introduced the first desktop version of CoStar Property in 1989. The new Internet See Web 2.0 and Internet2. version of CoStar Property is a major upgrade to current Windows-based versions, and represents CoStar's most significant technology development in the past several years. "We've we've Contraction of we have. we've have spent almost two years developing this new Internet platform, and we're we're Contraction of we are. we're we are excited to bring it to market," stated CoStar president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Andrew C. Florance. "Our exceptional team of software developers has created a powerful commercial real estate information platform that maximizes the Internet's advantages of communication and connectivity while expanding the core research and reporting applications associated with CoStar." The new web-based version of CoStar Property provides customers with direct access to CoStar's comprehensive database, and the largest proprietary digital library of commercial real estate photographs, floor plans and 360[degrees] images. CoStar's 500-person research organization-the industry's largest- proactively tracks over 24 billion SF of office and industrial properties nationwide. Customers will see breakthrough features, including: * Integration, of powerful map-based technology throughout the product, including CoStar's patent-pending map-based search capabilities; * The ability to edit data and produce professional quality reports and presentations branded with the logos of the brokerage firm and the specific client; * A private, user-controlled, password-protected Extranet (or electronic 'file cabinet') where brokers can share space surveys and deal-related documents online in real time with clients and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. team members; * New analytics and forecasting tools; and * Optional access to national data. |
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