WASHINGTON, Dec. 21, 2011 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), commercial real estate's leading provider of information and analytic services, is pleased to announce that Rene Circ has joined its Property and Portfolio Research (PPR) division as Director of Research. He is based in PPR's Boston office.
Circ comes to PPR from Grubb & Ellis Company, where he served as Vice President and National Director of Research. Drawing upon more than 15 years of experience as a market strategist and real estate economist, Circ worked with institutional investors on investment strategy development and served as a resource to appraisers on valuations of industrial portfolios. He also led local researchers in ensuring data quality and integration between the CoStar and Grubb & Ellis databases. Prior to joining Grubb & Ellis, Circ led the investment research function at First Industrial Realty Trust.
In his new role, Circ is responsible for enhancing the research capabilities of CoStar Group and Property and Portfolio Research (PPR) in the industrial sector, as well as contributing to forecasts and the development of analytical tools for the broader firm.
"We believe that Rene's track record in market strategy and real estate economics combined with his expertise in industrial properties will be tremendous assets to PPR's clients," said Hans Nordby, Managing Director of PPR. "PPR continues to grow our substantial talent base internally, but is also focused on adding senior professionals with property sector specializations – giving us the commercial real estate industry's deepest bench and brightest folks to call on for insight."
A frequent speaker and writer, Circ has written articles on industrial real estate strategy, industrial real estate property classification and sale-leaseback transaction structures for several real estate industry publications. He has served as a reviewer for textbooks published by the Urban Land Institute and as a guest lecturer at the University of Illinois at Chicago.
Circ received his bachelor's degree in Economics and International Relations from Beloit College in Beloit, Wisconsin and his master's degree in Economics from DePaul University in Chicago, Illinois.
About PPR
Property 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 and analytic 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. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 1,500 worldwide, 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 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, 2010, and Form 10-Q for the quarter ended September 30, 2011, under the heading "Risk Factors." In addition to these statements, there can be no assurance as to when or if CoStar Group or PPR will develop additional analytical tools; or that Circ's addition will enhance CoStar Group's and PPR's industrial sector research and expertise. 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.