CoStar Group and Barclay Street Announce Agreement
TORONTO, May 10, 2019 – CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, along with Barclay Street Real Estate Ltd., have announced a two-year agreement. Barclay Street has chosen CoStar as a commercial real estate information provider in Canada to provide timely and detailed intel on the market, including inventory, on and off market opportunities and lease and sale comps.
“CoStar prides itself on its continuous advancement of the industry through partnerships with leading real estate brokerages and property management firms like Barclay Street,” said CoStar Canada Managing Director, Mark Ibbotson. “With the help of CoStar’s unparalleled data and analytics, we believe Barclay Street will be able to compete with the larger brokers and have an edge on its competition.”
As a locally owned, full-service commercial real estate brokerage and property management firm, with offices in Calgary, Edmonton and a membership with TCN Worldwide, Barclay Street Real Estate’s team has been serving businesses throughout western Canada for over 40 years. With its use of CoStar, we believe Barclay Street will now have a competitive advantage to grow the brokerage by attracting and retaining talent.
“Partnering with CoStar will significantly help our brokers match the best properties with the right investors,” said David Wallach, President & Broker of Barclay Street. “Ensuring client success is a top priority for our company, and we are eager to see the opportunities provided through this partnership further our business.”
For more information, visit www.costar.com and www.barclaystreet.com.
Media Contact:
Matthew Blocher, CoStar Group
(202) 346-6775, mblocher@costar.com
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About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. 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 and current availabilities. LoopNet is the most heavily trafficked commercial real estate marketplace online with approximately 5 million monthly unique visitors per month. Realla is the UK’s most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. CoStar Group’s websites attracted an average of approximately 42 million unique monthly visitors in aggregate in the fourth quarter of 2018. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe and Canada with a staff of over 3,700 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.
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About Barclay Street Real Estate Ltd.
Barclay Street Real Estate is a commercial real estate brokerage firm specializing in leasing, investments, sales and property management. Comprised of local and international real estate professionals, the Barclay Street team has been providing turnkey real estate solutions to businesses throughout western Canada for 35 years. As a member of TCN Worldwide, a consortium of independent commercial real estate firms, the Calgary-owned brokerage possesses the local expertise and global reach that thousands of businesses have come to rely on when making real estate decisions. For more information on Barclay Street Real Estate, please visit www.barclaystreet.com.
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements. More information about potential factors that could cause results to differ materially from those anticipated 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 in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2018, which is filed with the SEC, including in the “Risk Factors” section of that filing, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
