CoStar signs agreement with Jones Lang LaSalle. (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. has signed a multi-year renewal agreement to provide its industry leading leasing and tenant data to Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. professionals in 32 offices nationwide. CoStar Group is the leading provider of information services See Information Systems. to commercial real estate firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the United Kingdom. Jones Lang LaSalle is one of the premier real estate services firms, providing comprehensive management, transaction and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal worldwide. "CoStar has been an effective partner supplying data and technology to help us deliver outstanding results for our clients," commented William Krouch, chief executive officer of Investment Services at Jones Lang LaSalle. "Comprehensive market data coupled with local market insights are essential components in providing strategic advice to our clients." The multi-year agreement provides 900 Jones Lang LaSalle U.S. professionals with access to a complete inventory of office and industrial properties through CoStar Property[R]. Commercial real estate professionals use CoStar Property to research leasing options, analyze market conditions, accurately value properties and position buildings in the marketplace. Under the agreement, Jones Lang LaSalle will be upgrading to CoStar Property 8.0, CoStar's enhanced, web-based platform. In addition, Jones Lang LaSalle professionals will have access to CoStar Tenant[R], a detailed business-to-business prospecting and analytical tool providing commercial real estate professionals with the most comprehensive tenant information available. "We're honored to continue our long association with Jones Lang LaSalle," said 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. "Jones Lang LaSalle was the first major player to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. nationally on our information platform almost three years ago. Since that time, almost every major international brokerage firm has followed their lead." "Jones Lang LaSalle also uses CoStar Connect[R] under a separate license agreement to maintain the listing information on over 500 properties on its corporate Web site, www.am.joneslanglasalle.com. Together With CoStar Property 8.0, CoStar Connect will enable Jones Lang LaSalle professionals to share CoStar's dynamic content online with their clients via a secure "extranet" accessed through the Jones Lang LaSalle Web site. |
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