Tag Archives: Andy Florance

CoStar Group looks to hire 1K employees in 2025

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CoStar Group announced plans on Monday to add 1,000 new employees to its Richmond, Virginia, campus. The hiring push also comes with cuts to a number of unspecified teams. Continue reading →

CoStar Group posts 55th-straight quarter of revenue growth in Q4

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Virginia-based portal CoStar Group grew its revenue 11 percent in Q4, to $709 million, executives said Tuesday. Traffic to Homes.com Network remained steady, with 110 million average monthly unique visitors. Continue reading →

Homes.com aims for touchdown with 2 more 2025 Super Bowl ads

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CoStar Group is launching Homes.com back into the spotlight on Sunday with a pair of 30-second Super Bowl spots from ad agency RPA starring Dan Levy, Heidi Gardner and Morgan Freeman. Continue reading →

Filters and links ‘are dead’ in Andy Florance’s portal dream

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In his latest Inman Interview, CoStar Group CEO Andy Florance talked about AI transforming residential portals from digital classifieds to immersive, highly-personalized home shopping platforms. Continue reading →

CoStar moves one step closer to securing Arlington HQ

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CoStar Group inked a deal with a longtime tenant of its new Arlington HQ, which leased 13 of the building’s 31 floors. The tenant agreed to downsize to two floors, giving CoStar enough space for the 500 employees moving to the new HQ. Continue reading →

‘Danger Report’ sequel lays out 20 ‘opportunities’ for real estate

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The Opportunity Report calls for NAR to regain the trust of its members by making political advocacy its central mission, sunsetting the three-way agreement and reforming its governance. Continue reading →

CoStar acquires management platform Visual Lease

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Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar’s core commercial real estate business. Continue reading →

CoStar revenue reaches $693M in Q3 as Homes.com traffic grows

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CoStar Group’s revenue grew 11 percent year over year, to $693 million, while monthly average unique visitors for the Homes.com Network of sites reached 130 million, according to Q3 earnings results on Tuesday. Continue reading →

CoStar Group dismisses year-old lawsuit against Homesnap founder

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The residential and commercial real estate company sued over misuse of trade secrets in 2023, but revealed in a new court filing that a rival tech platform’s “limited nature” is no longer a threat. Continue reading →

CoStar CEO: We’re focused on ‘selling the house’

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Andy Florance suggested rival portals are more interested in selling leads than houses and called a lawsuit against his company a “PR stunt.” Continue reading →