CoStar Group Acquires (Dorey) Assets of Atlanta Information Provider’s Online Business
Posted: Tuesday, April 1st, 2008, 9:33 pm EST
Category: Atlanta Commercial Real Estate
The Official Press Release as of Tuesday April 1, 4:56 pm ET
Acquisition of DoreyPRO Online Business By Commercial Real Estate’s Largest Research Organization Enhances Quality and Scope of Information for Local Service Providers and Confirms CoStar’s Leading Position as Atlanta’s Premier Online Commercial Real Estate Information Service
BETHESDA, Md., April 1, 2008 /PRNewswire-FirstCall/ — CoStar Group (Nasdaq: CSGP - News), the number one provider of information services to the commercial real estate industry, today announced it has acquired the online commercial real estate information assets of First CLS, Inc. (doing business as The Dorey Companies and DoreyPRO), an Atlanta-based provider of local commercial real estate information.
"We welcome the opportunity to expand CoStar’s service in this key U.S. market and add DoreyPRO customers to our comprehensive, international information network," stated CoStar President & CEO Andrew C. Florance. "CoStar has served the information needs of commercial real estate professionals in Atlanta for more than two decades. We’ve long recognized Atlanta’s role as a leading financial center, transportation hub and economic engine for the entire Southeast. This acquisition makes our strong presence in Atlanta and the Southeast even stronger. It will add value to our national network and create additional growth opportunities for our services within the market."
"The vast majority of Atlanta’s commercial property professionals will now be able to access and share high-quality, standardized information across the same platform, resulting in greater efficiency and improved productivity for all market participants," continued Florance. "As the largest research organization serving commercial real estate, CoStar’s research and technology resources are significantly greater than any local company can provide. And the broad exposure our platform can provide to brokers, owners, lenders and investors across the country and internationally offers a significant benefit to our existing customers and those joining us from The Dorey Companies."
Under the acquisition agreement, current DoreyPRO customers will now use the corresponding CoStar information service as called for under their DoreyPRO license agreement: CoStar Property Professional®, the industry’s premier source of comprehensive commercial building information and property listings; CoStar COMPs®, the industry’s most trusted source of verified commercial property sales comparables; and CoStar Tenant®, a searchable database of more than three million tenant records for identifying tenants by square footage occupied, industry type, size or geographic location, and researching lease expirations, move leads and more.
In addition, through a separate agreement, CoStar has acquired the rights to the Dorey Market Analysis Reports. Current Dorey Market Analysis Report customers will now receive the CoStar Market Report. The acquisition does not include Dorey’s print guides.
The new clients joining CoStar in the acquisition will be served by the company’s existing Atlanta research and sales team. CoStar’s database includes more than 32,000 office, industrial and retail properties throughout the greater Atlanta market with a combined inventory of 1.1 billion square feet.
CoStar expects this acquisition will be accretive to achieving a 30% EBITDA margin in its U.S. operations by year-end. We do not expect the acquisition to be material to revenue or earnings for 2008.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq: CSGP - News) is the number one provider of information 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 Bethesda, MD, the company has approximately 1,300 employees, including the largest professional research organization in the industry. For more information, visit http://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 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, 2007, under the heading "Risk Factors." In addition to these statements, there can be no assurance that the acquisition will add value to our national network and create additional growth opportunities for our services within the market; that the vast majority of Atlanta’s commercial property professionals will now be able to access and share high-quality, standardized information across the same platform, resulting in greater efficiency and improved productivity for all market participants; that the broad exposure our platform can provide to brokers, owners, lenders and investors across the country and internationally offers a significant benefit to our existing customers and those joining us from The Dorey Companies; that the acquisition will be accretive to achieving a 30% EBITDA margin in CoStar’s U.S. operations by year-end; and that the acquisition will not be material to revenue or earnings for 2008. All forward- looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.
Developing Atlanta has great coverage of ULI Event
Posted: Tuesday, March 11th, 2008, 5:37 pm EST
Category: Atlanta Commercial Real Estate
Giles Stevens has included photos, synopsis and actual audio about How Restaurants Affect the Value of Your Real Estate.
The event was held on the third floor of the posh Midtown eatery Trois located in 1180 Peachtree. The sell out crowd of around 200 enjoyed great finger foods from the kitchen and networking before the panel discussion.
Check it out now!
Claremore Lake
Posted: Sunday, January 6th, 2008, 5:15 pm EST
Category: Atlanta Commercial Real Estate
Property Description:
OFFICE AND RETAIL OPPORTUNITY. TRAFFIC LIGHT AND MEDIAN CUT, OVER 36,000 CARS A DAY, TREMENDOUS GROWTH AREA, ARCHITECTURAL CONTROL.
Location Description:
LOCATED AT THE INTERSECTION OF GA HWY 92 AND RAGSDALE RD. FROM I-575 N TAKE EXIT 7 WHICH IS GA HWY 92. TURN RIGHT ONTO GA HWY 92, GO APPOX 5 MILES AND CLAREMORE LAKE IS ON YOUR RIGHT.
Click here to view Brochure.
Contact Waverly Thornton to schedule a tour today:
Waverly Thornton
Maxsell Real Estate, LLC
3231 S. Cherokee Lane, Ste 920
Woodstock, GA 30188
Office: 678-741-2060
Mobile: 770-367-1579
wthornton@maxsell.net
www.maxsell.net
Cherokee Office & Industrial Parks | Cherokee Commercial Real Estate
Posted: Sunday, January 6th, 2008, 5:09 pm EST
Category: Atlanta Commercial Real Estate
Map all Business, Office and Industrial Parks in Cherokee County, Georgia
Airport Industrial Park: I-575/Airport Park is located off of Interstate 575 at the Airport Road Exit in Ball Ground. I-575/Airport Park is located near the expanding Cherokee County Airport.
Arnold Mill Industrial Park: Arnold Mill Industrial Park is located near the Downtown Woodstock area. Great brick buildings with dock doors.Convenient to Highway 92 and Interstate 575.
Bell Industrial Park: Bell Industrial Park is located off of Highway 5 in the City of Woodstock. This park features brick and metal buildings with convenient access to Interstate 575.
The Bluffs at Technology Park: Featuring office, service, and technology space for lease or purchase in low and mid-rise buildings. The Bluffs is modeled on Technology Park’s successful Johns Creek project. The Bluffs, a 700-acre property, is ideal for build-to suits and corporate campuses. A build-out of five million square feet within 15 years is anticipated.
Brooks Business Park: Office/Warehouse condos ranging from 1,200 square feet up to 10,000 square feet. Convenient location with access from Hwy 5 & Hwy 92.
Buffinton Commons: Buffington Commons Office Park is located off of Highway 20 in the Buffington/Macedonia Community. Great looking brick office space with ample parking.
Canton - Cherokee Business & Industrial: Canton-Cherokee Business and Industrial Park is located off of Interstate 575 in Canton. Located near future retail development and the future new Northside Hospital Cherokee. Immediate access to Interstate 575 and Highway 20.
Cherokee Airport Park: Cherokee Airport Park is located off Interstate 575 at the Airport Road Exit in Ball Ground. Located near the expanding Cherokee County Airport and other existing industrial and office space.
Cherokee Commerce Center: Phase I of the Cherokee Commerce Center will include three buildings totaling 486,000 square feet. Cherokee Commerce Center is located at the intersection of Highway 92 and Interstate 75 in Acworth. Great Interstate 75 frontage!
Churchill Court: Church Hill Court Office Park is located off of Highway 92 in Woodstock. Great frontage on Highway 92. Located near numerous retail and dining establishments.
Claremore Lake Office Park: Located in a booming area of Woodstock, the new Claremore Lake Professional Park features a prime location on Highway 92, between Trickum Road & Sandy Plains. Office spaces ranging from 1,500 - 4,500 sq ft have been pre-wired & plumbed to support medical or dental tenants. Ample parking & professional atmosphere.
Cobblestone Business Park: Cobblestone Business Park is located next to Woodstock Jeep and Dodge off of Highway 92 in Woodstock. Convenient to retail and restaurants. Ample parking.
Creekstone Office Park: Located in the heart of Woodstock, convenient to I-575 and Hwy 92, this modern office park features low maintenance brick construction, ample parking and a park-like setting on 17 acres.
Dixie Industrial Park: Dixie Industrial Park is located off of Highway 92 in Woodstock past the Super Target near Dixie Speedway. Close to Interstate 575 and 75.
ExecuCourt Office Suites: ExecuCourt Office Suites are located off of Putnam Ford Road in Woodstock. This great looking brick, two story office condo is located in the thriving Towne Lake area.
Gateway Industrial: Gateway Industrial Park is located off of Univeter Road in Canton. Located in South Canton, easy access to Interstate 575 and Highway 20.
Hames Business Park: Hames Business Park is located off of Highway 92 in Woodstock behind Woodstock Jeep and Dodge. This office park features brick and block construction, dock & drive in loading, skylights and build -to- suit office.
Heritage Parke: Heritage Parke is located in Woodstock off of Highway 92 behind the Chick- fil -A Dwarf House. Great looking new brick buildings in a great location!
Hickory Ridge Square: Hickory Ridge Square is located off of Highway 92 in Woodstock. Near local shops and restaurants.
Hickory Springs Industrial: Hickory Springs Industrial Park is located off of Hickory Road in Holly Springs. Located near new retail developments and Interstate 575.
Holly Commons Professional Center: Holly Commons Professional Center is located off of Highway 140 in the City of Holly Springs. Located near the new residential development, Harmony on the Lakes.
Ivy Village: Ivy Village is conveniently located off of Highway 92 in Woodstock. These brand new brick office buildings are situated near new retail and restaurants, 5 miles from I-575.
Kingston Square: Kingston office park is located off of Highway 92 in Woodstock near Super Target and Kohl’s. Minutes away from Interstate 575 and great retail.
Mirramont Square: Mirramont Office Park is located off of Bells Ferry Road in Woodstock. Great location to popular Towne Lake area and Highway 92. Minutes away from Interstate 75.
Mountain Brook Condos: Mountain Brook Condos is located in the City of Holly Springs. These great looking brick buildings are located near Interstate 575.
Mountain Brook Industrial: Mountain Brook Industrial Park is located in the City of Holly Springs. Great looking industrial buildings located near Interstate 575.
Oakside Office Park: Oakside Office Park is located off of Marietta Highway in Canton. Located near Interstate 575 and Highway 20.
The Park at Fowler Crossing: The Park at Fowler Crossing boast a superior location with immediate access to I-575. Eight single story brick and glass office buildings. Only minutes from numerous restaurants and retail establishments. Surrounded by a 9-hole, par 3 golf course and lighted driving range.
Rickman Industrial: Rickman Industrial Park is located in the City of Holly Springs. Great proximity to Interstate 575 and Canton. New retail development nearby.
Ridge Pine Office Condos: Ridge Pine Office Park is located off of Marietta Highway in Canton. Immediate access to Interstate 575 and Downtown Canton/Holly Springs. Great professional landscaping and ample parking.
River Mill Industrial: Industrial park in northeast Cherokee area of Ball Ground. Located off East Cherokee Drive with access to Hwy 5 and I-575.
River Park North: River Park North is located off of Highway 5 in Woodstock. Close to retail and restaurants, near new Home Depot. Near Interstate 575 and Highway 5 at Sixes Road.
The Commons at Riverstone Village: The Commons at Riverstone Village is located on Reinhardt College Parkway off of Riverstone Parkway in Canton. Superior location, near new retail and restaurants. Great access to Interstate 575 and Reinhardt College!
Rope Mill Industrial Park: Rope Mill Business park is located off of Sixes Road in Woodstock. Convenient to Interstate 575 and future retail.
South Canton Business Park: South Canton Business Park is located on Marietta Highway in Canton. Immediate access to Highway 20, Interstate 575 and Downtown Canton.
South Cherokee Industrial Park: South Cherokee Industrial Park is located off of Highway 92 in Woodstock. Located near Dixie Speedway. Great access to Interstate 575 and retail.
Springfield Commons: Executive suites located off of Highway 92 in Woodstock. Full service with secretarial services available. Common conference and break rooms.
The Mill Office Park: The Mill Office Park is Woodstock’s newest and most unique professional park. Situated along Highway 92 in South, East Cherokee and near North, East Cobb, The Mill offers the best location for companies looking for a distinguished business environment. Classic “mill” architecture and “loft style” interior finishes will impress employees and clients alike.
Towne Lake Buisness Park: Towne Lake Business Park is located off of Towne Lake Parkway in Woodstock. Close to the booming Towne Lake area and Interstate 575.
Towne Lake Office Condos: Towne Lake Office Condos are located off of Towne Lake Parkway in Woodstock. Near Interstate 575 and retail.
Weatherstone Park: Weatherstone Park I is designed as a mixed-use professional business environment. Conveniently located along GA Highway 92, only minutes from I-575 and Roswell. Quality construction and attention to detail help distinguish the project along with its superior location at a traffic light and median cut in Woodstock, Georgia.
Weatherstone Park I: Weatherstone Park II is designed as a mixed-use professional business environment. Conveniently located along GA Highway 92, only minutes from I-575 and Roswell. Quality construction and attention to detail help distinguish the project.
Weatherstone Park II: Weatherstone Park is designed as a mixed-use professional business environment. Conveniently located along GA Highway 92, only minutes from I-575 and Roswell. Quality construction and attention to detail help distinguish the project.
Wilbanks Industrial: Wilbanks Industrial Park is located directly off of Exit 24 on I-575. Superior location near the expanding Cherokee County Airport.
Woodpark: Woodpark is an office and medical park located off of Highway 92 in Woodstock. Located near retail, restaurants and new developments in the City of Woodstock.
Woodstock Professional Park: The Woodstock Professional Buildings are located off of Highway 92 in Woodstock, behind the Woodstock Post Office. Immediate access to Interstate 575.
Wyngate Office Condos: Wyngate Office Condos, with brick construction are located off of Towne Lake Parkway in Woodstock. Easy access to Interstate 575.
