CoStar Group Founder and CEO Andy Florance Named as a 2025 RISMedia Real Estate Newsmaker
06 February 2025 - 6:19AM
Business Wire
RISMedia's eighth annual Real Estate Newsmakers
honorees celebrate those who made headlines for their commitment
and contributions to the real estate industry in 2024
Andy Florance, Founder and Chief Executive Officer of CoStar
Group, Inc. (NASDAQ: CSGP) (“CoStar Group,” “we” or “our”), a
leading provider of online real estate marketplaces, information
and analytics in the commercial and residential property markets,
today was recognized as a RISMedia 2025 Real Estate Newsmaker. The
annual awards list honors real estate professionals who are
committed to positively transforming the industry.
Florance’s recognition as a RISMedia Newsmaker is directly
attributed to his vision and investment in CoStar Group’s
residential real estate portal Homes.com over the last year. In
February 2024, CoStar Group launched a massive $1 billion marketing
campaign and membership product for Homes.com, quickly establishing
it as one of the top two residential marketplace portals in the
U.S. By the quarter ending September 30, 2024, the Homes.com
network had 130 million average monthly unique visitors with
unaided awareness increasing to 33%, up from only 4% before the
marketing campaign launch.
This year, Florance also announced the company’s intent to
acquire Matterport, which will integrate Matterport's cutting-edge
3D capture technology and digital twin solutions into CoStar
Group’s industry-leading products.
“It’s an honor to be recognized as one of RISMedia’s Real Estate
Newsmakers again this year,” said Florance. “2024 was a
remarkable year for Homes.com, powered by a massive marketing
campaign, innovative new features and exponential growth. We’re
committed to creating the most agent- and consumer-friendly portal
on the market and our team will continue building on this momentum
throughout 2025.”
For a complete list of RISMedia’s 2025 Real Estate Newsmakers
winners, please visit the site here.
About CoStar Group CoStar
Group (NASDAQ: CSGP) is a leading provider of online real estate
marketplaces, information, and analytics in the property markets.
Founded in 1987, CoStar Group conducts expansive, ongoing research
to produce and maintain the largest and most comprehensive database
of real estate information. CoStar is the global leader in
commercial real estate information, analytics, and news, enabling
clients to analyze, interpret and gain unmatched insight on
property values, market conditions and availabilities.
Apartments.com is the leading online marketplace for renters
seeking great apartment homes, providing property managers and
owners a proven platform for marketing their properties. LoopNet is
the most heavily trafficked online commercial real estate
marketplace with over thirteen million average monthly global
unique visitors. STR provides premium data benchmarking, analytics,
and marketplace insights for the global hospitality industry. Ten-X
offers a leading platform for conducting commercial real estate
online auctions and negotiated bids. Homes.com is the fastest
growing online residential marketplace that connects agents,
buyers, and sellers. OnTheMarket is a leading residential property
portal in the United Kingdom. BureauxLocaux is one of the largest
specialized property portals for buying and leasing commercial real
estate in France. Business Immo is France’s leading commercial real
estate news service. Thomas Daily is Germany’s largest online data
pool in the real estate industry. Belbex is the premier source of
commercial space available to let and for sale in Spain. CoStar
Group’s websites attracted over 163 million average monthly unique
visitors in the third quarter of 2024. Headquartered in Arlington,
Virginia, CoStar Group maintains offices throughout the U.S.,
Europe, Canada, and Asia. From time to time, we plan to utilize our
corporate website, CoStarGroup.com, as a channel of distribution
for material company information. For more information, visit
CoStarGroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250205203068/en/
News Media Matthew Blocher CoStar Group (202) 346-6775
mblocher@costargroup.com
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