LoopNet

Matterport, the Global Leader in 3D Digital Twins, to be Acquired by CoStar Group

Retrieved on: 
Monday, April 22, 2024
CoStar Group, LLP, AI, Machine learning, Collection, Research, Foley & Lardner, 3D, Intelligence, Homes.com, LoopNet, Qatalyst Partners, Growth, Chair

Founded in 2011, Matterport pioneered the development of the first 3D capture solution to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property.

Key Points: 
  • Founded in 2011, Matterport pioneered the development of the first 3D capture solution to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property.
  • Matterport's 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail, and industrial spaces, among others.
  • CoStar Group was one of the first adopters of Matterport’s technology, and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces.
  • The transaction is subject to a 10% symmetrical collar based on a CoStar Group share price of $86.02 as the midpoint.

 CoStar Group to Acquire Matterport, the Global Leader in Immersive 3D Digital Twins and Artificial Intelligence for the Real Estate Industry That Makes Properties Intuitive and Interactive Online

Retrieved on: 
Monday, April 22, 2024
Data Management, Residential Building & Real Estate, Commercial Building & Real Estate, Technology, Construction & Property, Apps, Applications, Photography, Software, Artificial Intelligence, Audio, Video, Mobile, Wireless, CoStar Group, AI, Machine learning, Collection, Research, 3D, Growth, Intelligence, Acquisition, Homes.com, LoopNet, Chair

Matterport's 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail, and industrial spaces, among others.

Key Points: 
  • Matterport's 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail, and industrial spaces, among others.
  • CoStar Group was one of the first adopters of Matterport’s technology, and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces.
  • “CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate.
  • CoStar Group plans to provide additional information about the Matterport acquisition during their earnings conference call at 5:00pm ET on April 23, 2024.

Real Estate Giant CoStar Group Selects Arlington, Va. for Global Headquarters

Retrieved on: 
Wednesday, February 14, 2024
Acquisition, AES, Metro, Restaurant, LoopNet, Commonwealth, Capital improvement plan, Quality of life, George Mason University, RTX, CBRE, Virginia Tech, STR, CoStar Group, CNBC, Workforce, Retail

ARLINGTON, Va. , Feb. 14, 2024 /PRNewswire-PRWeb/ -- CoStar Group, a leading global provider of online real estate marketplaces, information, and analytics in the property markets, has selected Arlington County, Va. for its global headquarters, announced Arlington Economic Development. The real estate giant will relocate to Central Place Tower, a 560,000-square-foot office building in Arlington, Va. in late 2024. CoStar Group will occupy 175,000 square feet of commercial office space and employ 650 workers at the facility, located at 1201 Wilson Boulevard.

Key Points: 
  • The real estate giant will relocate to Central Place Tower, a 560,000-square-foot office building in Arlington, Va. in late 2024.
  • CoStar Group will occupy 175,000 square feet of commercial office space and employ 650 workers at the facility, located at 1201 Wilson Boulevard.
  • CoStar Group joins additional businesses with headquarters of note in Arlington, including AES, Amazon, Boeing, Nestlé and RTX.
  • CoStar Group will pay $13,951,900 to Arlington County to obtain sole use of the observation deck at 1201 Wilson Boulevard.

CoStar Group Expands its Operations in France, Appoints Sandra Roumi as General Manager

Retrieved on: 
Wednesday, November 15, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, CoStar Group, LoopNet, Knowledge, Publication

Sandra Roumi is a seasoned journalist and a well-respected figure in the French real estate industry.

Key Points: 
  • Sandra Roumi is a seasoned journalist and a well-respected figure in the French real estate industry.
  • In her new role as General Manager of CoStar Group in France, she will advance the company’s mission and launch CoStar and LoopNet to the French market.
  • CoStar Group already has international operations in 15 countries globally, including the United Kingdom, Spain and Germany as well as in France.
  • “With the establishment of CoStar in France, we will open a new chapter in real estate history,” said Sandra Roumi, General Manager of CoStar Group in France.

CoStar Group Offers to Acquire Leading UK Residential Property Portal OnTheMarket

Retrieved on: 
Thursday, October 19, 2023
Commercial Building & Real Estate, Technology, Construction & Property, Advertising, Communications, Professional Services, Software, Internet, Data Analytics, Residential Building & Real Estate, CoStar Group, EBITDA, Acquisition, Research, Rightmove, Marketing, Partnership, Homes.com, LoopNet, Cryptocurrency, Sales, OnTheMarket

CoStar Group, is an S&P 500 and NASDAQ 100 company and is a leading global operator of property portals.

Key Points: 
  • CoStar Group, is an S&P 500 and NASDAQ 100 company and is a leading global operator of property portals.
  • CoStar Group has operated the top commercial property information, analytics and news site, CoStar, for two decades, as well as LoopNet, the leading commercial property portal in the UK.
  • CoStar Group recently acquired Homes.com, a 6th place residential property portal in the U.S. with 6 million unique visitors and turned it into the fastest growing U.S. residential portal with more than 100 million unique visitors in September of 20231.
  • Jason Tebb, CEO of OnTheMarket, said: “We are very much looking forward to joining the CoStar Group residential network.

Andy Florance Honored with Gold Globee for CEO of the Year by Globee Business Awards

Retrieved on: 
Tuesday, September 26, 2023
Professional Services, Data Analytics, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, CoStar Group, Organization, Growth, LoopNet, IPRA Golden World Awards, Sheila Florance

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 named a Gold Globee winner for CEO of the Year at the 11th Annual Globee Awards for Leadership.

Key Points: 
  • 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 named a Gold Globee winner for CEO of the Year at the 11th Annual Globee Awards for Leadership.
  • Since the company’s founding in 1986, Andy has led CoStar Group to its market-leading position today as a dominant provider of commercial and residential real estate information, analytics, and online marketplaces.
  • “It’s an incredible honor to be named CEO of the Year by Globee Business Awards,” said Florance.
  • For more information about the company and its products and services, please visit CoStarGroup.com .

Miami Total Home Sales Priced Between $600K to $1M Soar

Retrieved on: 
Thursday, September 21, 2023
MLS, Brookings Institution, State, REO, Partnership, Housing, REO Motor Car Company, Average revenue per user, NAR, Internal Revenue Service, Statistics, Multiple listing service, Fintech, Sale, CoreLogic, United States Census Bureau, Local, Freddie Mac, News, Population growth, Locksmithing, Real estate, Drug, Cryptocurrency, Citrus, Property management, LoopNet

MIAMI, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales priced between $600K to $1M jumped double digits year-over-year, according to August 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • MIAMI, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales priced between $600K to $1M jumped double digits year-over-year, according to August 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
  • Miami August 2023 total home sales are down 8.3% year-over-year in comparison to pre-pandemic August 2019.
  • Short sales and REOs accounted for 0.3% and 0.9% year-over-year, respectively, of total Miami sales in August 2023.
  • Cash sales represented 40.3% of Miami closed sales in August 2023, compared to 39.7% in August 2022.

Net-Trade.com, A Multiple Listing Service Dedicated to Net Lease, Goes Live

Retrieved on: 
Tuesday, September 19, 2023
MLS, CoStar Group, LoopNet, QSR, BIG, Record, Pharmacy, Tenant, Traction, MIAMI, Chocolate liquor, Renting, Real estate, Online shopping

MIAMI BEACH, Fla., Sept. 19, 2023 /PRNewswire/ -- Net-Trade.com, the first multiple listing service (MLS) exclusively for net lease assets, is now live. The platform facilitates the exchange by net lease stakeholders, including owners, investors, and brokers, of net lease properties, including a dozen types of retail and restaurant, including automotive, banks, dollar, grocery, pharmacy, QSR, cell/tel, and other assets leased under net terms. As headwinds mount and transaction volume slows, Net-Trade.com delivers a convenient, efficient, and custom-tailored platform that allows both sides of the transaction to cost- and time-efficiently source, vet, and market net lease properties.

Key Points: 
  • MIAMI BEACH, Fla., Sept. 19, 2023 /PRNewswire/ -- Net-Trade.com , the first multiple listing service (MLS) exclusively for net lease assets, is now live.
  • "We created Net-Trade.com to address the gaps in functionality, data quality, and service left by generalist commercial real estate MLSs.
  • The platform offers more than triple the net lease-specific search and sort filters compared to other commercial real estate listing sites.
  • "Net-trade provides everything a triple net broker or investor needs to quickly list, find, or vet a triple net deal.

CoStar Group Appoints Angelique Brunner to Board of Directors

Retrieved on: 
Tuesday, August 1, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, International, Howard University School of Law, Public affairs, LoopNet, U.S. Chamber of Commerce Building, Cushman, Cushman & Wakefield, Business, USTR, Multimedia, Urban Land Institute, Angelique, Commerce, Trustee, ULI, TACA, Federal Reserve Board of Governors, CoStar Group, Growth, Real estate, Property management, Management

View the full release here: https://www.businesswire.com/news/home/20230801774592/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230801774592/en/
    Angelique Brunner joins the Board with more than 25 years of experience in finance and real estate and venture capital.
  • Ms. Brunner brings extensive boardroom experience to CoStar Group, previously serving as a director of Cushman & Wakefield and Chesapeake Lodging Trust.
  • “As CoStar Group continues to grow and diversify its reach across the globe, I’m excited to have Angelique Brunner join our board and bring her years of experience across real estate and investment industries in both the private and public sectors,” said Andy Florance, Founder and CEO of CoStar Group.
  • For more information on CoStar Group’s Board of Directors, visit investors.costargroup.com/leadership .

Ten-X Announces Season 2 of “Battle of the Bids” Property Auction Competition with Enhanced Features and Larger Prizes

Retrieved on: 
Monday, July 17, 2023
Online Retail, Retail, Other Retail, Commercial Building & Real Estate, Construction & Property, REIT, Season 2, CoStar Group, Season, CRE, LoopNet, Multimedia, News, Marketing, Sale, Auction

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.

Key Points: 
  • 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 of the Bids to new heights with more ways to win and bigger cash prizes.
  • “We’re excited to launch Season 2 with several enhanced player tools, live-streaming, and bigger cash prizes.