STR | Jotup

CoStar Group Selected by NASDAQ for 100 Index®

Retrieved on:

Monday, December 12, 2022

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Workflow, Homes.com, CoStar Group, Research, Health, LoopNet, Marketing, Database, STR, Property management, Index

CoStar Group now operates over 25 industry-leading brands and employs more than 5,600 people across 14 countries.

Key Points:

CoStar Group now operates over 25 industry-leading brands and employs more than 5,600 people across 14 countries.
Additionally, CoStar Group was selected for inclusion in the S&P 500 Index, one of the premier benchmarks of the U.S. equities market, this past September.
The NASDAQ 100 Index is home to some of the most technologically advanced and innovative companies in the country and were honored to have CoStar Group recognized amongst this talented group, said Andy Florance, Founder and Chief Executive Officer of CoStar Group.
CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics.

reAlpha Asset Management Inc. Secures $100 Million Capital Commitment for Post IPO Funding from GEM Global Yield LLC SCS

Retrieved on:

Tuesday, December 6, 2022

The agreement with GEM represents another strategic step that reAlpha has taken to position the company for long-term growth following the completion of its planned public listing.

Key Points:

The agreement with GEM represents another strategic step that reAlpha has taken to position the company for long-term growth following the completion of its planned public listing.
Over the last two months, reAlpha agreed to a $200 million joint venture with Singapore-based asset management firm SAIML Pte.
Global Emerging Markets (GEM) is a $3.4 billion, alternative investment group with offices in Paris, New York, and Nassau (Bahamas).
GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 570 transactions in 72 countries.

AirDNA Outlook: U.S. Short-Term Rentals Mature with Tempered Growth in 2023

Retrieved on:

Tuesday, December 13, 2022

Travel, RevPAR, City, STR, Research, Federal Reserve, Federal Reserve Bank of Atlanta, Growth, Tourism

According to the report, conducted by vacation rental analytics provider AirDNA, STR demand will increase by 5.5% in 2023, a quarter of its 2022 growth level, while average rates will maintain current levels (+1.7%), stunted by economic pressures on consumers.

Key Points:

According to the report, conducted by vacation rental analytics provider AirDNA, STR demand will increase by 5.5% in 2023, a quarter of its 2022 growth level, while average rates will maintain current levels (+1.7%), stunted by economic pressures on consumers.
Boosted by strong travel sentiment, future STR bookings remain strong, though supply growth may cause occupancy to drop
AirDNA forecasts that the supply of available rentals will grow 9% in 2023, tempering the impressive supply growth observed during the first half of 2022.
In 2021, STR supply wasn't able to keep up with the strong growth in demand, driving occupancy rates to all-time highs.
"The STR market has matured and become a preferred option for many more travelers, pointing towards a bright future for 2023 and beyond."

Apartments.com Publishes November 2022 Growth Report

Retrieved on:

Friday, December 2, 2022

Apartments.com a CoStar Group company released an in-depth report of multifamily rent growth trends for November 2022 backed by analyst observations.

Key Points:

Apartments.com a CoStar Group company released an in-depth report of multifamily rent growth trends for November 2022 backed by analyst observations.
Miami held the top rent growth spot alongside Midwest and Gateway locations that have gained traction in recent weeks and currently hold positions in the top 10.
Historically, the fourth quarter tends to be slower for multifamily, but were witnessing a weaker market overall with the downward rent growth and volatile market conditions.
In particular, Las Vegas and Phoenix have both witnessed a dramatic slowing of growth and sit at the bottom of the annual rent growth ranking for November.

Press release - Media advisory: feedback event of the Conference on the Future of Europe

Retrieved on:

Thursday, December 1, 2022

Media advisory: feedback event of the Conference on the Future of Europe

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Media advisory: feedback event of the Conference on the Future of Europe
Media are invited to Parliaments premises in Brussels, where citizens will discuss recent and upcoming initiatives with high-level representatives of the EU institutions.
Media representatives will be able to interview participants in the event (political representatives and citizens alike), using Parliaments dedicated spaces and equipment if needed (booking required).
Press officers from EU institutions will be available to facilitate interviews and liaise where necessary.
Audio-visual coverage
The public sessions of the event taking place in the Hemicycle will be broadcast live on EbS+ and extracts will be available on EbS .

CoStar Group Integrates Homesnap Operations With Homes.Com

Retrieved on:

Wednesday, November 30, 2022

This month CoStar Group relaunched Homes.com at the annual National Association of Realtors (NAR) conference held in Orlando.

Key Points:

This month CoStar Group relaunched Homes.com at the annual National Association of Realtors (NAR) conference held in Orlando.
Today, CoStar Group took steps to combine and streamline the operations and functionality of Homes.com and Homesnap.
David Mele, who led Homes.com for 7 years prior to its acquisition by CoStar Group in 2021, has been named President of the combined Homes.com and Homesnap organization.
CoStar Group is working to integrate the best of Homes.com with the best of Homesnap and Citysnap, said Andy Florance, Founder and Chief Executive Officer of CoStar Group.

European Commission Grants Expanded Marketing Authorization for Gilead’s Biktarvy® for the Treatment of HIV in Pediatric Populations

Retrieved on:

Tuesday, November 29, 2022

The European Marketing Authorization is the first pediatric approval for Biktarvy in the European Union (EU) and applies to all 27 member states of the EU, as well as Norway, Iceland and Liechtenstein.

Key Points:

The European Marketing Authorization is the first pediatric approval for Biktarvy in the European Union (EU) and applies to all 27 member states of the EU, as well as Norway, Iceland and Liechtenstein.
Additional therapy choices help to ensure children can access care and expand their HIV treatment options, which helps advance the collective efforts to overcome the HIV epidemic.
Through the Gilead Global Pediatric Center of Excellence, we are committed to applying our decades of antiviral expertise to drive innovation in pediatric HIV research.
In 2021, an estimated 800,000 children under the age of 19 living with HIV were still not receiving HIV treatment.

CoStar Group Named to Northern Virginia Technology Council’s 2022 Tech 100 List

Retrieved on:

Tuesday, November 22, 2022

Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Marketing, Workflow, CoStar Group, News, STR, Research, Security (finance), Risk, Annual report, LoopNet, NVTC, Homes.com, Database, Property management, Washington metropolitan area

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has been selected as a Tech 100 Honoree by Northern Virginia Technology Council (NVTC), the membership and trade association for the Northern Virginia technology community.

Key Points:

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has been selected as a Tech 100 Honoree by Northern Virginia Technology Council (NVTC), the membership and trade association for the Northern Virginia technology community.
The NVTC Tech 100 nomination continues a remarkable year for CoStar Group in terms of company and employee growth.
This year, CoStar Group also celebrated the groundbreaking of its research and technology center expansion in Richmond, Virginia.
Its an honor to have CoStar Group recognized as one of the top technology companies in the Greater Washington area, said Andy Florance, Founder and Chief Executive Officer of CoStar Group.

reAlpha Asset Management Inc. and SAIML Pte. Limited Agree to Form $200 Million Joint Venture to Acquire Short-term Rental Properties

Retrieved on:

Monday, November 21, 2022

Commercial Building & Real Estate, Technology, Construction & Property, Finance, REIT, Professional Services, Software, Data Management, Artificial Intelligence, Residential Building & Real Estate, Investment, Marketing, Partnership, STR, Acquisition, Learning, Financial services, Realpha, Airbnb

Limited, a Singapore-based asset management firm, to invest $40.8 million of equity in rent-ready STR properties.

Key Points:

Limited, a Singapore-based asset management firm, to invest $40.8 million of equity in rent-ready STR properties.
With leverage, the joint venture expects to make up to $200 million of investments across California, Arizona, Florida and Tennessee.
reAlpha Asset Management Inc. will have a 51% stake in the joint venture and oversee its day-to-day operations, and will earn customary fees associated with property and asset management.
Upon mutual agreement, reAlpha Asset Management Inc. and SAIML can expand their partnership by contributing an additional $61.2 million of equity to the joint venture.

World’s First and Largest Commercial Property Online Marketplace Launches in the UK

Retrieved on:

Monday, November 14, 2022

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Sale, Marketing, Workflow, CoStar Group, News, STR, Research, LoopNet, Homes.com, Risk, SEM, Database, Property management

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has launched LoopNet, the worlds largest commercial property marketplace, in the UK market.

Key Points:

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has launched LoopNet, the worlds largest commercial property marketplace, in the UK market.
The integration of tens of thousands of UK property listings into the marketplace will unlock global access to the UK commercial real estate market, worth an estimated 1.5 trillion, benefitting brokers, investors, would-be occupiers, and owners of commercial real estate.
Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities.
BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France.