CoStar Group Founder and CEO Andy Florance Named to Commercial Observer Power 100
Washington, D.C. — May 16, 2023 — Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CGSP), 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, executives, visionaries and change-makers who are committed to propelling the CRE industry forward. Winners were selected for their ability to recognize where CRE trends are heading, synthesize available data, and prepare for headwinds that are shaping the industry.
Florance’s entry on the list nods to CoStar Group’s planned international growth, as well as the success the company has seen since bringing staff back into the office and focusing on in-person collaboration. This inclusion comes on the heels of continued growth for the company. Founded in 1986, CoStar Group has grown to over 5,600 employees in 14 countries. Florance has overseen CoStar Group’s continued growth, including positive financial results quarter-over-quarter in 2022 and 2023, despite a turbulent year for the CRE industry.
“Commercial Observer has long been a prominent voice in the commercial real estate industry, and it is a great honor to be named to the Power 100,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “This award is a reflection of CoStar Group’s continued commitment to provide innovative products and services for discovering properties, insights and connections that enhance and support our clients’ business goals.”
News Media Contact:
Matthew Blocher
Vice President
CoStar Group Corporate Marketing & Communications
(202) 346-6775
mblocher@costargroup.com
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About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. 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. Homes.com offers real estate professionals advertising and marketing services for residential properties. Realla is the UK’s most comprehensive commercial property digital marketplace. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada and Asia. From time to time, we plan to utilize our corporate website, http://www.costargroup.com, as a channel of distribution for material company information. For more information, visit www.costargroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that new multifamily unit deliveries do not occur when expected, or at all; and the risk that multifamily vacancy rates are not as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2022, which is filed with the SEC, including in the “Risk Factors” section of that filing, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
