News & Videos - COSTAR GROUP INC.

Shareholder Alert: Ademi LLP investigates whether Matterport, Inc. has obtained a Fair Price in its transaction with CoStar Group PR Newswire MILWAUKEE, April 22, 2024 MILWAUKEE , April 22, 2024 /PRNewswire/ -- Ademi LLP is investigating Matterport (NASDAQ: MTTR) for possible breaches of fiduciary duty and other violations of law in its transaction with CoStar Group. Click here to learn how to join the https://www.ademilaw.com/case/matterport-inc or call Guri Ademi toll-free at 866-264-3995....

Today, CoStar Group’s Founder and Chief Executive Officer, Andy Florance, was named the winner of a Gold Stevie ® Award in the Executive of the Year – Real Estate category in The 20th Annual International Business Awards ® . He was also honored with a Silver Stevie ® Award in the Best Entrepreneur – Real Estate category. Florance was recognized for his exceptional achievements in the global real estate sector, where despite the macroeconomic headwinds seen in recent years, he has...

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced it is serving as the lead sponsor of the sixth annual Ultimate Backpack Supply Drive, a program working to provide students at Richmond public schools with more than 35,000 backpacks filled with essential school supplies to help start the school year off on the right foot, free of charge. In partnership with the Richmond Public School System and...

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today announced the expansion of its board to nine members with the appointment of Angelique Brunner as an independent member of the board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801774592/en/ (Photo: Business Wire) Angelique Brunner joins the Board with more than...

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended June 30, 2023 was $606 million, 13% over revenue of $536 million for the quarter ended June 30, 2022. Net income was $101 million in the second quarter, an increase of 20% over prior year. “We achieved another great quarter of very strong results in terms of revenue, sales and traffic to our websites,”...

Ten-X – the world's largest online commercial real estate exchange and a CoStar Group brand – today announced the launch date of Season 2 of its celebrated “Battle of the Bids” competition. Last year’s first-ever Battle of the Bids featured more than 13,000 commercial real estate industry players competing to win $3.1 million of cash prizes. Their objective was to predict the sale price of the properties nationwide during a Ten-X auction. This year, Ten-X is taking Season 2 of Battle...

Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent growth trends for the second quarter of 2023. Supply continues to outpace demand across the country with 520,000 new units expected to be delivered by the end of the year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230712164604/en/ Pick Up in Multifamily Demand Still Not Enough to Match Supply (Graphic: Business Wire)...

CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the second quarter following the market close on Tuesday, July 25, 2023. Management will conduct a conference call to discuss the second quarter, as well as the Company’s outlook at 5:00 PM EDT that same day. A live audio webcast of the conference will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com . A replay of the webcast audio will also be...

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today was named to Forbes Global 2000 20th Anniversary list, recognizing the company’s global influence and sustained growth. The list, published annually since 2003, ranks the world’s largest public companies based on sales, profits, assets and market value. To establish the rankings, Forbes uses financial data across each of the four metrics to create a...

Today , CoStar Group, a leading provider of online real estate marketplaces, information and analytics in the property markets, announced that its founder and CEO Andy Florance has signed a commitment letter to set near-term and long-term science-based greenhouse gas emission reduction targets in accordance with the Science Based Targets Initiative (SBTi). SBTi’s science-based reduction targets are aligned with the level of decarbonization necessary to meet the goals of the Paris Agreement to...

Ten-X – the world's largest online commercial real estate exchange and a CoStar Group brand – today released its second Auction Insights Report , which dives into data and trends on the multifamily sector drawn in part from sales of residential properties on the Ten-X auction platform. The report, which is proprietary to Ten-X and includes information and data not available elsewhere, finds the industry at a new crossroads with high interest rates and record-high supply additions drastically...

Today, LoopNet , a CoStar Group (NASDAQ: CSGP) company, issued the latest installment in a multi-year research effort providing insights into the commercial real estate search behavior of commercial property tenants and investors. The research was led by Market Connections , a third-party research company commissioned by LoopNet and in partnership with Google. The study polled 400 tenants and investors to determine what sources they use to search for commercial real estate and the role of their...

Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today was honored as one of Commercial Observer’s Power 100. The list, published annually, recognizes the most impactful figures in the commercial real estate industry and highlights the companies and figures adapting and innovating in the rapidly evolving CRE space. Power 100 winners include founders,...

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today announced a historic partnership with Virginia Commonwealth University (VCU) to support the development of its planned Arts and Innovation Academic Building through an $18 million commitment. The project, tentatively to be named the CoStar Center for Arts and Innovation, subject to legal requirements and any necessary approval by...

Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent growth trends for April 2023 backed by analyst observations. For the first time since the third quarter of 2021, vacancy rates did not increase, holding steady at 6.7%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230504006067/en/ Year Over Year Rent Growth, by Market (Graphic: Business Wire) “With the peak leasing...

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational market share product for the global hotel industry. STR Benchmarking represents the next generation of STR, with the company’s hotel data benchmarking, analytics and marketplace insights integrated into CoStar’s industry-leading information, analytics, and...

This month’s CoStar Commercial Repeat Sale Indices (CCRSI) provides the market’s first look at commercial real estate pricing trends through March 2023. Based on 1,164 sale pairs in March 2023 and more than 289,037 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230428005331/en/ (Graphic: Business Wire) CCRSI National...

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended March 31, 2023 was $584 million, an increase of 13% over revenue of $516 million for the quarter ended March 31, 2022. Net income was $87 million and net income per diluted share was $0.21 for the first quarter of 2023. “CoStar Group delivered exceptional revenue, sales and marketplace traffic results in...

Today, Apartments.com — a CoStar Group company — published an in-depth report of multifamily rent trends for the first quarter of 2023. The negative trends in the multifamily market persisted at the start of the year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230410005244/en/ Under Construction, by Star Rating (Graphic: Business Wire) “While we kicked off 2023 with positive monthly rent growth in January and February,...

Apartments.com, a CoStar Group brand (NASDAQ: CSGP), has launched a new multichannel marketing campaign that marks the brand’s largest shift to streaming video and social media to reach renters based on their evolving media consumption habits. For the first time ever, the 2023 campaign relies on streaming video as the largest investment of all awareness channels, rather than linear TV. The media mix was informed by first- and third-party research on renter consumption behaviors, including data...