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CoStar Group's Legal Team Named "Outstanding Small Law Department" by Washington Metropolitan Area Corporate Counsel Association

WASHINGTON, Oct. 22, 2012 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP) today announced that The Washington Metropolitan Area Corporate Counsel Association (WMACCA) has named its legal team "Outstanding Small Law Department" in its 2012 Corporate Counsel Awards. General Counsel Jon Coleman was also a finalist for Outstanding Chief Legal Officer.

The awards honor the work of the region's leading in-house practitioners during the past year. Finalists were selected from a large pool of nominations submitted by the legal community-at-large in response to an open call for nominations. CoStar joins elite Washington-area companies such as Blackboard, Inc., AOL, Inc. and Choice Hotels International as a 2012 honoree.

"From navigating our acquisition of LoopNet to supporting our efforts to curb online piracy, our legal team has done tremendous work during the past year," stated CoStar Group Founder and CEO Andrew C. Florance. "We are extremely pleased to see the team recognized by their peers for the critical role they play in CoStar's operations and in the broader legal community."

The Corporate Counsel Awards were created in 2005 in celebration of WMACCA's 25th anniversary. In just eight years, the WMACCA Corporate Counsel Awards have become a well-recognized and sought-after honor for members of the in-house legal community in the District of Columbia, Commonwealth of Virginia and suburban Maryland. WMACCA announced the winners during its 8th Annual Corporate Counsel Awards Reception at The Ritz-Carlton Tysons Corner in McLean, Virginia. on October 18.

"The past year has been very successful for the team on many levels," said CoStar General Counsel Jon Coleman. "In addition to the business successes we've experienced during the past year, we have a talented and committed team that truly enjoys working together. This recognition from our peers through WMACCA is a wonderful way to end a great year."

About WMACCA

With approximately 2,100 members, the Washington Metropolitan Area Corporate Counsel Association (WMACCA) serves the professional needs of in-house counsel in Washington, D.C., suburban Maryland, and Virginia. WMACCA is the largest chapter of the global Association of Corporate Counsel (ACC). WMACCA members participate in more than 90 professional development programs each year and are kept connected through a variety of networking events and communications vehicles. WMACCA has been active in regulatory issues that affect the in-house bar, and in providing education to encourage advancements in the standards of corporate legal practice. More information about WMACCA is available on its Web site: http://wmacca.acc.com.

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 6.4 million registered members and 3.5 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. 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.

CONTACT: ALL INQUIRIES: Richard Simonelli (202) 346-6394 rsimonelli@costar.comSource:CoStar Group, Inc.