CoStar Group Buys Property And Portfolio Research

Group Inc., a provider of information and marketing services to the commercial real estate industry, has acquired Boston-based Property and Portfolio Research (PPR), which provides research advisory services. The transaction combines CoStar's commercial real estate database and data collection team with PPR's analytical team with a view toward developing new insights, products and tools for firms in the commercial real estate market, the companies say. CoStar plans to preserve PPR's identity and operate PPR as an independent subsidiary. The PPR team will remain at its Boston headquarters, as well as at offices in London and Hong Kong. SOURCES: CoSt

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