Newspaper article THE JOURNAL RECORD

CoStar Maps OKC's Commercial Buildings

Newspaper article THE JOURNAL RECORD

CoStar Maps OKC's Commercial Buildings

Article excerpt

Two men are perusing Oklahoma City in a funny little black and yellow truck. They park, get out and measure commercial buildings. When they're finished - about a year from now - they'll have cataloged and photographed more than 14,000 properties. Welcome to Oklahoma City, CoStar.

The nation's largest commercial property information company announced a major expansion early this year, with plans to add 30 cities to the top 50 markets already tracked by the Bethesda, Md.- based firm.

Our goal has always been to provide seamless national coverage, said Mark Klionsky, CoStar senior vice-president. We felt the time was right to continue to build out our national platform.

So far, the two-person team has logged about 3,500 buildings here. Another pair of field researchers are working in Tulsa, collecting data on about 9,000 commercial buildings there.

We have a very refined methodology with the technology in the truck, Klionsky said. We've identified what we believe is every commercial structure in the city. When we open in that market, we'll open with the most extensive database of commercial property that Oklahoma City's ever seen.

The trucks - built by Daimler - come equipped with a global positioning system and a 25-foot pneumatic mast that holds an 11- megapixel digital camera.

CoStar's customers are commercial real estate brokers, building owners, investors and anyone else with an interest in comps, leases and sales. It's been a good formula - CoStar went public in 1998 after 11 years in business. …

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