Market Overview

CoStar Signs Corporate Real Estate Firm UGL Services to Multi-Year Agreement


CoStar Group, Inc. (Nasdaq: CSGP) today announced that UGL Services, a global corporate real estate firm focusing exclusively on the business-space user, has expanded its subscription to CoStar's commercial real estate information services and is now using the company's powerful new iPad app, CoStarGo™. UGL Services is a division of UGL Limited.

Under the new multi-year agreement, all 27 U.S. offices of UGL Services will gain access to CoStar COMPS Professional, the most comprehensive national database of commercial comparable sales transactions. The new service complements UGL's current subscriptions to CoStar Property Professional® and CoStar Tenant. UGL Services advisors will now be able to take the power of these three products into the field using CoStarGo. Introduced this past summer, CoStarGo provides commercial real estate professionals unfettered, mobile access to CoStar's extensive property and market data, sales comparables and tenant information via the iPad.

"We have enjoyed a long relationship with CoStar," said David Montross, CEO of UGL Services. "CoStar's data and information provides our advisors with valuable information and analytical tools which allow them to identify the best opportunities on behalf of our clients. CoStarGo makes accessing the data even easier and brings the power of CoStar into the field, making our advisors even more productive with our clients. We are excited to use this revolutionary technology across the entire company throughout the U.S." "We're extremely pleased to provide the information tools and research resources that help longtime subscribers like UGL Services deliver the highest level of service to their real estate clients," said Andrew C. Florance, CoStar Group's founder and CEO. "Our comprehensive research and verified information on commercial properties and tenants helps subscribers identify available space for rent and for-sale opportunities, facilitate transactions and greatly increase productivity. We believe our commitment to providing subscribers with the highest quality commercial real estate information is reflected in our outstanding renewal record with prestigious real estate firms such as UGL Services."

Posted-In: News Contracts


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