WASHINGTON - November 22, 2020 - CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. The addition of Homesnap’s complementary offerings will quadruple the number of professional, paying brokers and active agent users on the CoStar Group U.S. platforms from approximately 100,000 today to over 400,000. Homesnap collects data from over 500 data sources and has subscription service agreements with approximately 240 MLSs who provide data and subscription revenue to Homesnap in exchange for free agent access to Homesnap Pro. CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. The transaction is expected to close in 2020, subject to customary closing conditions and regulatory review. CoStar has landed on Richmond as the site for its new Research Operations HQ, where it will collect and analyze market data for clients.. CoStar Group’s websites attracted an average of approximately 69 million unique CoStar Group’s websites attracted an average of approximately 69 million unique monthly visitors in aggregate in the third quarter of 2020. owners a proven platform for marketing their properties. The number of U.S. property listings available across CoStar’s brands will double from approximately 1.35 million today to over 2.6 million. “In addition, residential property agents spend an estimated $10 billion every year on software and marketing, while influencing a further $21 billion of spending in adjacent markets, such as lending, insurance and relocation services. CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database… CoStar has moved its headquarters to Washington, DC this year. Homesnap also provides marketing products through its mobile application that agents can use to promote their listings, as well as a premium product called Homesnap Pro+, which provides agents with enhanced functionality and business intelligence through individual subscription agreements. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. We are not able to forecast with certainty whether or when certain events, such as acquisition-related costs, the exact timing of the closing of the acquisition, or the exact amounts or timing of any investments related to the acquisition will occur. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. Costar Group Says Agreed To Acquire Homesnap FOR $250 Mln In Cash Costar Group Sees FY 2020 Non-GAAP Earnings Per Share $9.39 To $9.49 … 888-226-7404 1331 L Street Homesnap’s flagship product, Homesnap Pro, is a free software application for real estate agents to view and manage property listings, communicate with clients, receive market alerts and schedule showings on their mobile devices. Learn more about CoStar in commercial real estate. 800-204-5960. The company also aggregates information on property taxes, mortgages, individual property parcels, neighborhood schools and other property data elements. The movie will also feature The Invisible Man star, Aldis Hodge, as Hawkman. Tens of millions of home shoppers use the Homesnap website and app to look for a home. Investor Relations CoStar is the leader in commercial real estate information, analytics, technology, and news, with the most comprehensive data platform. Avison Young Grows Capital Markets Team in DC With New Hire Dean Sands Joins Firm as a Principal After Nearly Two Decades With Eastdil Secured Dean Sands (Avison Young) By Bryce Meyers CoStar News Additional factors that could cause results to differ materially from those anticipated in the forward-looking statements can be found in CoStar Group’s filings from time to time with the Securities and Exchange Commission, including in CoStar Group’s Annual Report on Form 10-K for the year ended December 31, 2019, and CoStar Group’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’s other filings with the SEC available at the SEC’s website (www.sec.gov). Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Combining forces with Homesnap is also expected to enable us to expand and deepen our collaboration with MLSs nationwide. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. Specialties: CoStar Group, Inc. is commercial real estate's leading provider of information, analytic and marketing services. CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. CoStar Group, Inc. (NASDAQ: CSGP) the leading provider of commercial real estate information, analytics and online marketplaces, announced today that ... DC, CoStar … Latest news, headlines, analysis, photos and videos on Washington D.C. The preceding forward-looking statements reflect CoStar Group’s expectations as of November 22, 2020. Ayant son siège social à Washington, DC, CoStar possède des bureaux à travers les États-Unis, en Europe, en Asie et au Canada. DC fans are eagerly waiting for Black Adam, which will see Dwyane Johnson AKA The Rock in the titular role. The Homesnap platform contains approximately 1.3 million active property listings, including residential, commercial, land and other property types, covering approximately 90% of active listings. Given the risk factors, uncertainties and assumptions discussed above, actual results may differ materially. swheeler@costar.com, Sarah Spray CoStar Group Inc. (NASDAQ: CSGP) plans to eliminate nearly 100 local jobs in late September as part of an increased focus on its Richmond … Change the date range, see whether others are buying or selling, read news, get earnings results, and compare CoStar Group With the support of this impressive consortium, Homesnap’s public residential real estate portal showcases 1.3 million active property listings. Find contact information for CoStar – Locations and corporate headquarters, local representatives, customer support, billing questions and sales. A free inside look at company reviews and salaries posted anonymously by employees. Such statements are based upon the current beliefs and expectations of management of CoStar and are subject to many risks and uncertainties. January 27, 2020 CoStar is looking for an experienced Copy Editor to join our growing news team covering the fast-paced commercial real estate industry. ForRentUniversity.com and ApartmentHomeLiving.com, Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. ApartmentFinder.com, Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. National commercial real estate news and headlines, including the latest transactions, deals, major leases, sales and promotions throughout the commercial real estate industry. CorporateHousing.com, Salaries posted anonymously by CoStar Group employees in Washington, DC Area. (202) 346 6394 “Homesnap has great relationships, data, software, and tools for residential real estate professionals that are complementary to our existing offerings,” continued Florance. These agents represent over 90% of the residential real estate agents and listings in the United States. This news release and the Company’s conference call contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Apartments.com, CoStar Group, the commercial real estate data leader that has more than doubled its market value in the last two years, just unveiled a major shift in its research and sales efforts. Over the past thirty years, CoStar has become the leading real estate technology platform by working in partnership with commercial real estate brokers to serve their needs for data, analytics and advertising exposure for their property listings. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,200 worldwide, including the … Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,200 worldwide, including the … 888-226-7404 1331 L Street, NW View the real-time CSGP price chart on Robinhood and decide if you want to buy or sell commission-free. CoStar is looking for an experienced Copy Editor to join our growing news team covering the fast-paced commercial real estate industry. Our goal is to make these enhanced capabilities available to all of our audiences. We are excited to join CoStar Group and leverage their 30 years of knowledge and experience in property data, software and marketing to take advantage of this significant growth opportunity.”. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the industry’s largest professional research organization. 667 salaries for 152 jobs at CoStar Group in Washington, DC Area. Homesnap is also headquartered in the Washington, D.C. area, employs approximately 150 people and is projected to achieve approximately $40 million of revenue for the full year 2020, representing revenue growth of approximately 45% compared to the full year 2019. “The tools and functionality developed by Homesnap for residential property agents, such as lead generation, client collaboration, and digital advertising, have direct applicability to commercial brokers. January 27, 2020. 332 CoStar Group reviews in Washington, DC . CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database… Footage shows hundreds of troops resting inside the US Capitol building, one week after it was stormed by a mob of Trump supporters. “The acquisition of Homesnap will enable us to enter a new space and expand the total addressable markets in which we can compete,” said CoStar Group founder and CEO, Andy Florance. “The estimated value of commercial real estate assets in the U.S. is $16 trillion. Salaries posted anonymously by CoStar Group employees in Washington, DC Area. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Ryan Reynolds' 12-year-old The Adam Project co-star recently went viral for reciting the naughty opening monologue that Reynolds first delivered in Deadpool 2. LoopNet is the most heavily trafficked commercial real estate marketplace online with over 7 million monthly unique visitors. CoStar Group Salaries trends. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,200 worldwide, including the … CoStar Group Salaries trends. 1331 L Street, NW Washington, DC 20005 CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. Avec une équipe mondiale d’environ 4 300 employés, CoStar est la plus grande organisation de Given the high business costs in the Washington Metropolitan Area, in what aspects do you think that the small businesses should take advantage of the area’s ForRent.com, 800-204-5960. Westside Rentals, sspray@costar.com. Ali Larter takes a Christmas walk with family in Santa Monica in first sighting since commenting on her fired Heroes costar Leonard Roberts' allegations By … CoStar, the world leader in commercial real estate information, has the most comprehensive database of real estate data throughout the US, Canada, UK and France. Chief Financial Officer We will continue to differentiate our residential real estate portal and solutions by working solely to help agents market their listings and their brands, which is in sharp contrast to other portals that increasingly advertise on top of agent listings and offer brokerage services directly.”. Facing Heavy Losses, Hotel Industry Sees Vaccine News As 'Light At The End Of The Tunnel' Washington DC Hotel DC Hotel November 9, 2020 Hill … Rosslyn Holiday Inn Razing Near Washington, DC, Clears Way for Skyline-Changing Towers New Dittmar Project to Reshape Local Skyline With 38-Story Hotel, 26 … The following factors, among others, could cause or contribute to such differences: the possibility that the acquisition of Homesnap does not close when expected or at all; the possibility that the parties are unable to obtain regulatory approval, or the risk that any actions required to be taken in order to receive regulatory approval may impact the expected benefits of the transaction; the risk that the businesses of Homesnap and CoStar may not be combined successfully or in a timely and cost-efficient manner; the risk that business disruption relating to the Homesnap acquisition may be greater than expected; the risk that the acquisition does not produce the expected benefits or results for CoStar, Homesnap or their customers and advertisers, including expanded and deeper collaboration with MLSs nationwide and as otherwise stated in this release; the risk that Homesnap revenues and revenue growth for 2020 will not be as stated in this press release; the risk that the combination and integration of Homesnap will disrupt CoStar Group's or Homesnap’s operations or result in the loss of customers or key employees; uncertainty surrounding the impact of the COVID-19 pandemic, including volatility in the international and U.S. economy, worker absenteeism or decreased productivity, quarantines or other travel or health-related restrictions; the length and severity of the COVID-19 pandemic; the pace of recovery following the COVID-19 pandemic; and government and private actions taken to control the spread of COVID-19. 669 salaries for 153 jobs at CoStar Group in Washington, DC Area. CoStar Enters Contract to Sell Washington, DC Headquarters Building for Total Consideration of $101 Million One Year After Acquiring Building for … For more information, visit www.costargroup.com. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the industry’s largest professional research organization. COSTAR'S ATLANTA PROPERTY NEWS Last Applicant/Owner: Costar Realty Information, Inc. 2 Bethesda Metro Center Bethesda, MD 20814 Serial Number: 78623014 Filing Date: May 4, … Thanks for leaving a review. First posted on Twitter, the clip shows Reynolds' co-star Walker Scobell delivering the curse-laced lines while sitting in the back seat of a fake car, behind the Deadpool actor. monthly visitors in aggregate in the third quarter of 2020. 332 CoStar Group reviews in Washington, DC . 800-204-5960 1331 L Street, NW Washington, DC 20005 CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the … Get CoStar Group Inc (CSGP:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. (202) 336-6920 Latest Composite Price Indices Gained At Modest Pace In November, Apartments.com Network Achieves Record-Breaking 1 Billion Renter Visits in 2020, CoStar Group Announces Acquisition of Houses.com URL, FTC Clears CoStar Group to Close Acquisition of Homesnap, Latest Composite Price Indices Inch Up In October, CoStar Group Canada Welcomes New Chief Economist & Head of Market Analytics, CoStar Group Agrees to Acquire Homesnap, a Digital Residential Real Estate Solutions Provider Used by 300,000 Agents Responsible for More Than Half of All US Residential Real Estate Sales, CoStar Group Rises on Fortune Magazine’s 100 Fastest-Growing Companies, Composite Price Indices Show Modest Rebound in Third Quarter, CoStar Group Third Quarter 2020 Revenues Increase 21% Year-over-Year with Third Quarter Sales of $53 Million Increasing 53% Above Second Quarter 2020 Sales, CoStar Group to Report Financial Results for Third Quarter 2020 on October 27, 2020, Latest Composite Price Indices Show Modest Uptick in August but Still Down from, Latest Composite Prices Held Steady in July Amid Slower Trading Activity, With Prices Remaining Down from Pre-Pandemic Peak Levels, CoStar Group Donates 180,000 Masks to Richmond Public Schools Students in 3rd Annual Ultimate Backpack Supply Drive Event, Latest Composite Price Indices Drop Driven by Economic Downturn, Investor Uncertainty in Second Quarter, CoStar Group Second Quarter 2020 Revenues Increase 16% Year-over-Year with June Sales Reaching All Time Record of $22 Million While Cash Position Exceeds $3.5 Billion, CoStar Group to Report Financial Results for Second Quarter 2020 on July 28, 2020, Latest Composite Price Indices Ticked Down in May, CoStar Group Announces Pricing of $1.0 Billion Senior Notes Offering, CoStar Group Closes Acquisition of Ten-X Commercial, the Leading Digital Auction Platform for Commercial Real Estate. Scott Wheeler CoStar was lured to the District by incentives several years ago. AFTER55.com, The platform enjoys high growth and engagement as the number of active monthly users has grown at a compounded annual growth rate of over 40% since 2016, while marketing product sales have risen over 75% per year over that same period. Other than in publicly available statements, CoStar Group does not intend to update its forward-looking statements until its next quarterly results announcement. A free inside look at company reviews and salaries posted anonymously by employees. Specialties: CoStar Group, Inc. is commercial real estate's leading provider of information, analytic and marketing services. Over 300,000 agents nationwide use the application an average of 30 times each month. 800-204-5960 1331 L Street, NW Washington, DC 20005 CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. Realla is the UK’s most comprehensive commercial property digital marketplace. Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and Over 10,000 members of … 1331 L Street, NW Washington, DC 20005 CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. Transaction Volume Remained Low, With Few Distressed Sales, Record Marketing Investment Delivers Significant Results for Clients, Combining capabilities to provide increased value to clients and the industry, Despite Increased Prices, Liquidity Measures Have Softened as Fewer Properties Trade, Renowned Canadian economist brings 20+ years of business experience, Ranked 29th on the List of Top Forces Driving the Global Economy, Overall Price Growth Obscures Differences in Performance Among Property Types And Regions, With Multifamily Segment The Primary Growth Driver, And Northeast Leading Regional Growth, Lower Construction Level Helping to Mitigate Impact of Economic Downturn on Market Fundamentals, Liquidity Indicators Show a Widening Gap Between Buyers and Sellers, Event is presented by CoStar Group; in partnership with Virginia Commonwealth University and Communities in Schools; will provide RPS students with PPE kits and school supplies, Trends Vary Across Property Types, With Industrial the Only Property Type to Exhibit Gains in Second Quarter, While Retail Lagged, Transaction Volume Year-To-Date Down 25% From Same Period in 2019 as Investors Pull Back Amid Economic Uncertainty, Please send announcements and news releases for CoStar’s news service to: news@costar.com. For. A very large percentage of CoStar’s clients such as investors, banks, government agencies, appraisers, suppliers, and brokerage firms are active in both commercial and residential real estate, so we believe that they would welcome a more comprehensive solution for their needs across all real estate segments.”, “Homesnap has spent years building tools that reinforce the agent-client relationship and arm both home buyers and agents with the data and software they need to find homes and do their jobs,” said John Mazur, CEO of Homesnap. Based in Bethesda, MD, Homesnap was founded in 2012 to provide residential real estate agents and consumers with an intuitive technology that facilities buying and selling homes. CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. Similarly, Homesnap works in very close partnership with residential agents to serve their needs for data, analytics and advertising exposure for their property listings. Thank you for being part of CoStar Group. With the new addition of clients and information covering 90% of the estimated $27 trillion dollar U.S. residential real estate market we are almost tripling the size of our addressable markets. Those 300,000 agents are also the nation’s most productive, selling the majority of homes in the US. Supported by a consortium of hundreds of the country’s largest multiple listing services (MLSs), over 1.1 million real estate agents have access to Homesnap Pro. Oct 01, 2020 CoStar Group to Report Financial ... 2 Apartment Buildings Washington DC Capital Markets DC Capital Markets ... Our news is free and we intend to keep it that way. Showcases 1.3 million active property listings available across CoStar ’ s brands will double from approximately 1.35 million today costar news dc... 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