CoStar Group
CoStar Group, Inc. is a leading provider of commercial real estate information, analytics and online marketplaces. The company was founded by Andrew Florance in 1987, who had the vision of fundamentally changing the way commercial real estate professionals access, use and share information. The company is publicly traded on the Nasdaq under the ticker CSGP.
CoStar Group is headquartered in Washington DC, and has offices throughout the United States, Europe and Canada – operating in a total of 368 markets. Under Florance’s leadership, the company has invested more than $1 billion to create the industry’s first, and largest, independent CRE research operation. Every day, the CoStar research team discovers and verifies information on $1 trillion of potential real estate transactions – and tracks billions of dollars worth of completed deals.
At the core of CoStar Group’s business is a detailed database of commercial properties — size, tenants, photographs and rents. Recently, the company expanded into the residential space by acquiring Apartments.com and ForRent.com.
CoStar Group has developed a reputation for using aggressive litigation and PR tactics against its rivals – evident recently by Florance saying that “Zillow is no longer a relevant player,” upon the demise of Zillow Offers. He went on to say, “We’re about attracting the homebuyers, not the voyeur checking out the inside of their Tinder date’s house.”
Latest Posts
CoStar buying Ten-X Commercial to move commercial real estate deals online
May 14, 2020CoStar Group’s push to become the biggest name in online commercial real estate is about to take another big step forward as the company announced Wednesday evening that it is buying Ten-X Commercial for $190 million in cash.
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Birth of a rental monolith? RentPath declares bankruptcy, agrees to sell to CoStar
Feb 12, 2020 -
CoStar buying Cozy to turbocharge Apartments.com
Nov 12, 2018 -
NREI: Multifamily investors are still okay with low cap rates, but that could change soon
Oct 03, 2018 -
Los Angeles hit record multifamily investment activity this year
Jul 30, 2018 -
Realtor.com ends relationship with Apartment List, will use Apartments.com for rental listings
Jun 14, 2018 -
FTC intervenes in CoStar acquisition of LoopNet
Apr 26, 2012 -
CoStar, LoopNet target merger date
Apr 19, 2012 -
CMBS market pits brother against brother
Dec 01, 2011