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NEW YORK–(BUSINESS WIRE)–June 21, 2000–Real Estate Media Inc., the preeminent commercial real estate publishing company, announced today the unveiling of GlobeSt.com, the premier content Web site for commercial real estate professionals that will dramatically increase the efficiency and personalization with which industry news, analysis and insight is disseminated. Real Estate Media is owned by U.S. Equity Partners, L.P., a private equity investment fund sponsored by Wasserstein Perella & Co., Inc.

GlobeSt.com will provide in-depth and breaking commercial real estate news around the clock in 25 city and region-level markets throughout the country, increasing to 40 markets by year end. The GlobeSt.com destination, scheduled for launch in August, will provide unlimited access free of charge.

Anup Bagaria, a Managing Director of Wasserstein Perella & Co., Inc., stated, “GlobeSt.com’s content-driven destination leverages an Internet model that we are finding to be increasingly successful in professional vertical markets. GlobeSt.com becomes the fourth comprehensive vertical Web destination in our portfolio, joining dbusiness.com, thedailydeal.com, and law.com. We strongly believe that GlobeSt.com will become the dominant source of commercial real estate news.”

Jonathan A. Schein, President and CEO of Real Estate Media Inc., and Publisher of GlobeSt.com, stated, “Our objective is to create the premier destination for original and timely commercial real estate-related content on the Internet.”

Michael G. Desiato, Group Managing Director of Real Estate Media Inc. and Editorial Director of GlobeSt.com, stated, “We have differentiated GlobeSt.com by offering a distinctive style of breaking news, transaction analysis, strategic insights and professional profiles to the local and regional commercial real estate markets throughout the country. We have hired six regional Bureau Chiefs and 25 Reporters nationwide to produce up-to-the-minute content. There will be a particular emphasis on financial, leasing, investment and development activity and economic trends throughout the national and international property markets.

About Real Estate Media Inc.

Real Estate Media publishes Real Estate Forum–the premier magazine for the commercial real estate profession–as well as Real Estate Southern California, Real Estate Chicago, Real Estate Northern California, Real Estate New York and Real Estate New Jersey. With a team of 40 dedicated journalists and publishing professionals, Real Estate Media Inc. is recognized as the leading provider of intelligence for the commercial real estate industry. The company specializes in providing authoritative reporting, market research studies and exclusive insights into the most pertinent topics affecting commercial property executives.

About U.S. Equity Partners, L.P.

U.S. Equity Partners, a private equity investment fund sponsored by Wasserstein Perella & Co., Inc., is a leading investor in the rapidly growing online media and internet space, particularly in professional vertical markets. Investments in U.S. Equity Partners’ portfolio include Real Estate Media and GlobeSt.com, American Lawyer Media, element k (formerly ZD Education), Law.com, The Daily Deal and thedailydeal.com, and dbusiness.com.

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