CoStar Group's websites attracted an average of approximately 40 million unique monthly visitors in aggregate in the second quarter of 2018. CoStar maintains more than 100 offices throughout the US and in Europe and Canada with a staff of more than 3,800 worldwide.

Company officials say the acquisition is strategic for CoStar. Not only has Realla been successful at creating the UK's largest commercial property-specific listings platform, with good brand recognition and excellent traffic, it has also developed a wealth of expertise in capturing listings data in other European markets, which fits well with CoStar's pan European expansion strategy, Washington, DC-based Co-Star Group says in an announcement released today.

“Across the world, marketing commercial properties is moving to digital marketplaces, away from wood-based products like magazines, flyers, and boards” says Andrew C. Florance, CoStar Group founder and CEO. “Realla is the UK's most comprehensive commercial property digital marketplace—and when combined with the CoStar information solution it is expected to offer the best of tools for marketing properties, valuations and facilitating transactions.”

For more information on real estate technology, join us at RealShare APARTMENTS in Los Angeles, CA from October 29-30, 2018. This year, GlobeSt.com and CRETech are coming together to present two highly engaging sessions that highlight cutting-edge technology solutions. These interactive and entertaining discussions will provide key takeaways and practical insights from top technology innovators and top adopters in the multifamily industry. To register for RealShare APARTMENTS visit: https://www.eiseverywhere.com/ehome/302312/653773/. –