CoStar signs agreement with Insignia/ESG Inc

Real Estate Weekly, Jan 1, 2003

CoStar Group, Inc. has signed a three-year, multi-market renewal agreement to provide its comprehensive leasing; sales and tenant data to Insignia/ESG, Inc. in 26 markets nationwide.

The multi-year agreement provides Insignia/ESG with access to CoStar Property[R], a complete inventory of office and industrial properties, which allows for insight and analysis on market conditions and space availability. The new agreement consolidates numerous separate license agreements of varying terms into one long-term agreement. In addition, CoStar will continue to maintain separate license agreements with Insignia/ESG affiliates in New York City, Pittsburgh, New Jersey, Baltimore and Seattle. Insignia/ESG will continue to have access to CoStar COMPS[R] under existing license agreements.

"We are pleased to continue our long-term association with Insignia/ESG," stated CoStar Group President & CEO Andrew C. Florance. "Insignia/ESG has always been a leader when it comes to investing in research and technology to support its powerful brokerage operation."