updated 10/7/2010 10:46:15 AM ET 2010-10-07T14:46:15

WASHINGTON, Oct. 7, 2010 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the country's number one provider of commercial real estate data and analytic services, today announced the appointment of Glen Marker as Senior Market Advisor for the Chicago region.

In his 13-year career as an economic, real estate, and site-selection research professional, Marker has established himself as one of the Chicago Metropolitan Area's foremost experts of the commercial real estate market. He has served as an advisor to numerous corporate, non-profit and government clients in their asset and location decision-making processes.

In his new role, Marker is responsible for enhancing the research capabilities of CoStar Group and Property and Portfolio Research (PPR), a CoStar company, as well as expanding the potential services available to the company's clients in the Chicago region.

"Glen is one of the most respected professionals in the Chicago real estate market. We're extremely pleased to welcome him to the CoStar team," stated Josh Scoville, Director, US Equity Research of PPR, a CoStar Group company. "We are committed to providing exceptional service to our clients with interests in the Chicago market. This hiring will greatly add to our service capabilities in the region."

Prior to joining CoStar, Marker served as national director of research for Grubb & Ellis, where he oversaw the strategic direction of all market research functions, services and work products. 

Additionally, Marker has served as director of research for World Business Chicago, an award-winning regional economic development organization. During his eight-year tenure with World Business Chicago, Marker was involved in attracting and retaining numerous companies, including Boeing, BP Petrochemicals, Motorola, Orbitz, Sara Lee, Skil Bosch and YMCA.

Marker received his bachelor's degree in Urban Studies and Regional Planning from the University of California in San Diego, Ca. and his master's degree in Urban Planning from Columbia University in New York, N.Y.

About CoStar Group, Inc.

CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information, marketing and analytic services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Washington, DC, CoStar has approximately 1,500 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit CoStar Group.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed 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 CoStar's Form 10-K for the year ended December 31, 2009 and Form 10-Q for the quarter ended June 30, 2010, under the heading "Risk Factors." In addition to these statements, there can be no assurance that CoStar will enhance its research capabilities (or those of Property and Portfolio Research), or expand the potential services available to the company's clients in the Chicago region. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.

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