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CoStar renews data agreement with Jones Lang LaSalle

By:Anonymous
Publication: Mortgage Banking
Date: Sunday, June 1 2003
Subject: Commercial real estate
Location: United States

COSTAR GROUP INC., BETHESDA, MARYLAND, has signed a multiyear renewal agreement to provide its leasing and tenant data to Jones Lang LaSalle professionals in 32 offices nationwide.

CoStar Group provides information services to commercial real estate firms in the United States and the United Kingdom. Jones Lang LaSalle is a real estate services firm, providing comprehensive management, transaction and advisory services worldwide.

The multiyear 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 upgrade 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 (B2B) prospecting and analytical tool providing commercial real estate professionals with comprehensive tenant information.

Jones Lang LaSalle also uses CoStar Connect(R) under a separate license agreement to maintain the listing information on more than 500 properties on its corporate Web site, at www.am.joneslanglasalle.com. Together with CoStar Property 8.0, CoStar Connect will enable Jones Lang LaSalle professionals to share CoStar's content online with their clients via a secure extranet accessed through the Jones Lang LaSalle Web site.

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