Talk:CoStar Group
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Hi, I would like to recommend some structural updates to the CoStar Group article for organization and clarity as now the article reads more like a list. Below I've included a suggested version of the History section - I added the subsections "Origins" and "Expansion," and distinguished the "Expansion" between the United States and Europe. I kept the original content but moved it into the appropriate subsections.
Revision proposal
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History[edit]Origins[edit]CoStar Group was founded in 1987 by Andrew C. Florance in Washington, D.C.[1] It was reportedly one of the first companies that digitized and aggregated property data before the Internet was widely available.[1] In 1998, the company became a public company via an initial public offering on the NASDAQ, raising $22.5 million.[1] In 2004, CoStar Group, Inc. v. LoopNet, Inc. became a landmark case in copyright law about the role of an Internet Service Provider (ISP) in monitoring copyrighted content posted on its servers.[2] Expansion[edit]United States[edit]In October 2009, the company acquired a building in, now its headquarters, from the Mortgage Bankers Association for $41.3 million. The building sold for $97 million two years earlier, and the company claims it used its analytics data to know the right time to buy.[3] In April 2021, CoStar Group acquired the online marketing site LoopNet for $860 million.[4][5] With the acquisition, CoStar Group also acquired Loopnet properties BizBuySell and LandsofAmerica.com.[6] In April 2014, the company acquired Apartments.com for $585 million.[7] In April 2015, the company acquired Apartment Finder for $170 million.[8] In February 2017, the company acquired Westside Rentals.[9] In March, the company acquired Spanish lending information platform Belbex.[10] In February 2018, the company acquired ForRent.com from Dominion Enterprises for $350 million in cash and $35 million in stock.[11] In November, the company acquired Cozy Services for $68 million.[12] In February 2019, the company announced that Oxford Economics would provide the economic data and forecasts used in CoStar's products.[13] In June, it was announced that CoStar Group would acquire Off Campus Partners, LLC, an online marketplace for off-campus student housing.[14] In October, it was announced that CoStar Group would acquire hotel research and analytics firm STR, Inc, for $450 million.[1] In May 2020, CoStar announced it acquired online real estate platform Ten-x, formerly Auction.com, for $190 million.[15][16] In October, CoStar Group bought Germany-based real estate data company Emporis.[17] In November, it was announced that CoStar Group acquired Homesnap, a residential mobile application provider, for $250 million in cash.[18] In April 2021, it was announced that CoStar Group acquired Homes.com, a residential real estate website from Dominion Enterprises, for $156 million in cash.[19] On April 22, 2024, it was announced that CoStar Group would acquire Matterport, a 3D spatial mapping company, for a cash and stock transaction deal at approximately US$1.6 billion.[20][21] Europe[edit]In May 2016, CoStar Group's European subsidiary CoStar Europe Ltd acquired German real estate business data company Thomas Daily.[22] In July 2016, the company acquired Belbex, an online marketplace and information provider for commercial property based in Spain, and in March the company acquired Spanish lending information platform Belbex.[10] In October 2018, the company acquired Realla.co.uk an online marketplace for commercial property based in the United Kingdom.[23] In October 2021, CoStar announced it was acquiring BureauxLocaux, a commercial property digital marketplace in France.[24] In October 2023, it was announced CoStar Group had acquired the London-headquartered property portal, OnTheMarket for £100 million.[25] References
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Thank you in advance for your help in improving the article structure. Hbensur (talk) 20:35, 23 September 2024 (UTC)
- I added an edit request template so someone will come by and review these changes. Chess (talk) (please mention me on reply) 21:16, 23 September 2024 (UTC)