WASHINGTON, Sept. 24, 2012 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), today announced that Michael B. Cohen and Suzanne Mulvee have been promoted to senior positions within its Property and Portfolio Research (PPR) division. Formerly Senior Real Estate Strategists, Mr. Cohen has been named Director of Advisory Services, and Ms. Mulvee has been named Director of Research, Retail. Both Cohen and Mulvee joined PPR in 2003. As Director of Advisory Services, Mr. Cohen will manage relationships with PPR's advisory clients to deliver custom market analysis, relative value, strategic planning and custom research solutions. An experienced strategist and consultant, Mr. Cohen has played an instrumental role in enhancing PPR's sector expertise, and has been recognized as a thought leader for his research on the U.S. housing market. In her new role as Director of Research, Retail, Ms. Mulvee will continue to run advisory engagements, but will expand the scope of her responsibilities into analytic product development for the retail sector, including micro market, retail sub-type and demographic analysis. Customers for these services are expected to include traditional investors, retailers, REITs and lenders. A long-time retail expert, Ms. Mulvee regularly discusses economic trends in the retail sector as a conference speaker, author and media source. "PPR is deeply committed to developing the strongest possible leadership team to serve our clients," said Hans Nordby, Managing Director for PPR. "By promoting Michael and Suzanne, and through strategic hires to head our office, multifamily and industrial groups, we have effectively assembled a deep bench of seasoned PPR veterans and best-in-breed analysts to lead our research efforts, and we look forward to leveraging their talent to advance our clients' business interests." PPR's elite management team combines the institutional and subject-matter expertise of long-time PPR analysts, including Dr. Ruijue Peng, Cohen and Mulvee, with the unparalleled industry and research expertise of more recent hires that include Walter Page, Rene Circ and Dr. Luis Mejia.
About PPRProperty and Portfolio Research (PPR) provides unparalleled expertise and objective thinking in analyzing and forecasting commercial real estate markets. PPR sets the pace in offering independent research, a unique set of analytic tools, and actionable insights to commercial real estate investors on hundreds of global markets in North America and Europe. Clients range from commercial banks and financial institutions to pension funds and insurance companies, as well as government and rating agencies. With a dedicated commitment to providing the best in commercial real estate research, PPR's widely respected knowledge of the markets allows clients to stay ahead of market trends, act decisively, and feel confident about their investment decisions. PPR is a division of CoStar Group. About CoStar Group, Inc. CoStar Group (Nasdaq:CSGP) is commercial real estate's leading provider of information, analytics and marketing services. 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. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 6.1 million registered members and 3.6 million unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe including the industry's largest professional research organization. For more information, visit www.costar.com . 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 based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the possibility that leadership roles and responsibilities will change; the possibility that the customer group for any new analytic services in the retail sector will not be as expected; the risk that PPR will not be able to develop and maintain the strongest possible leadership team; the risk that PPR will not be able to further develop its services in the retail sector; and the risk that PPR will not be able to leverage its employees' talents to advance its customers' best interests. 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 Annual Report on Form 10-K for the year ended December 31, 2011, and CoStar's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012, under the heading "Risk Factors" section of each of these filings. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements, whether as a result of new information, future events or otherwise.
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