CoStar Group has agreed to acquire Homesnap, the residential real estate search portal company, for $250 million in cash, the company announced Monday. arrow_forward_ios. Over the weekend, CoStar Group announced that it has agreed to acquire real estate tech company Homesnap. WASHINGTON--(BUSINESS WIRE)-- CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash.With the support of this impressive consortium, Homesnap’s public residential real estate … The company claims that its revenue this year is expected to total about $40M, up 45% from 2019. Oct 4, 2021 11:33AM EDT. One month after withdrawing its bid for residential data company CoreLogic, commercial real estate data provider CoStar Group has agreed to agreement to acquire Homes.com, a division of Dominion Enterprises, for $156 million in cash. WASHINGTON--(BUSINESS WIRE)--CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced today that the Federal Trade Commission (FTC) has cleared its acquisition of Homesnap, Inc., an industry-leading provider of technology solutions to the real estate industry.CoStar and Homesnap … In the closing announcement, CoStar CEO Andrew Florance said the company will provide an alternative to competitors by keeping agent ads … We also talk about Salesforce acquiring Slack... oh yea, we also go down the tangent of Twitter! Software is the greatest vacuum for data collection: The data giant plans to combine the company with Homesnap, a … 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. The company's platform provides detailed listings, gives instant access to school attendance zones, property lines, property history, and also provides customized news feed and notifications to give information in real-time, enabling … CoStar Group plans to provide additional information about the Homes.com acquisition during the first quarter 2021 financial results conference call scheduled for April 27, 2021. If you would like to learn more about the implications of CoStar purchasing Homesnap, the technology provider for the Broker Public Portal, please register to attend a webinar on Tuesday, December 22nd, at 10 am PST/12 pm CT/1 pm EST. CoStar Group acquires Homesnap on 2020-11-22 for $250000000. ... CoStar Group Acquires Homes.com. CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that … CoStar Group, Inc. (NASDAQ: CSGP) — a leading provider of commercial real estate information, analytics, and online marketplaces — announced recently that it has reached an agreement to acquire Homesnap for $250 million. WASHINGTON: CoStar Group Inc. has reached an agreement to acquire Homesnap Inc. for $250 million in cash, a news release said. We anticipate the acquisition will contribute approximately $5-10 million in incremental revenue to CoStar Group in the second half of 2021, subject to transaction timing. In May 2020, CoStar announced its intent to acquire Ten-X, which is an online auction platform for commercial real estate. The company is working on combining Ten-X operations with LoopNet and CoStar platform to enhance the visibility for auctions on Ten-X platform. CoStar said it expected to close the acquisition before the end of the year. This content is behind fabulous velvet ropes for Notorious VIP Subscribers only. See the full release below. Founded in 1987 by Andrew C. Florance, the company has grown to include online database CoStar and many online marketplaces, including Apartments.com, … November 24, 2020, 5:57 pm By Julia Falcon. Homesnap Homesnap is an online mobile platform that provides real … CoStar Group, Inc. (NASDAQ: CSGP) — a leading provider of commercial real estate information, analytics, and online marketplaces — announced recently that it has reached an agreement to acquire Homesnap for $250 million. The transaction is expected to close in 2020, subject to customary closing conditions and … December 1, 2020 by Mike Wheatley Commercial real estate analytics giant CoStar Group is getting into the residential sector after acquiring a … CoStar Group, Inc. (NASDAQ: CSGP ), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash.Homesnap is an industry-leading online and mobile software platform that provides user … 1 U.S. rentals site, Apartments.com, says the purchase will advance its recent push into for-sale residential, kicked off last year with its $250 million acquisition of Homesnap, a real estate agent software provider.. CoStar founder and CEO Andy Florance says he wants to provide brokers and agents with a portal that will give them … -rsh Monthly Subscription $ 20 Monthly Subscribe Now Annual Subscription $ 200 Annually (Save $40) Subscribe Now The deal follows on the heels of CoStar’s $250 million acquisition of Homesnap, a real estate agent software provider. Like CoStar, Homesnap is headquartered in the Washington, D.C. area. Commercial real estate analytics giant CoStar Group is getting into the residential sector after acquiring a company called Homesnap Inc. for $250 million. US commercial property marketplace CoStar is to acquire digital property platform Homesnap for a cash consideration of $250m. CoStar Group, Inc. (NASDAQ: CSGP) the leading provider of commercial real estate information, analytics and online marketplaces, announced it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. CoStar acquires Homesnap for $250M By The Business Monthly - December 8, 2020 606 CoStar Group, which operates offices from Columbia Gateway Office Park, has reached an agreement to acquire Homesnap Inc. for $250 million in cash. FTC approves CoStar’s $250M Homesnap acquisition. Over the weekend, CoStar Group announced that it has agreed to acquire real estate tech company Homesnap. Homesnap services 300,000 residential property agents and over 1m individual professionals with online and mobile software. The site boasts 5 million visitors per month and nearly 1.8 million residential property listings. Software is the greatest vacuum for data collection: The data giant plans to combine the company with Homesnap, a … Acquisition Highlights. See the full release below. About CoStar Group The all-cash deal is expected to close this year. WASHINGTON, DC – Updata Partners is pleased to announce that Homesnap has signed an agreement to be acquired by CoStar Group (NASDAQ:CSGP), a provider of information, analytics and marketing services to the commercial property industry, for $250 million. For a firm as large as CoStar, the $250M deal is not the major headline in this story. Commercial real estate giant CoStar Group, appears to be entering the residential space. The $156 million purchase should help the company continue its push into the world of residential real estate. Homesnap is an online and mobile software platform designed for real estate agents. CoStar and Casey Templeton. Homesnap is an industry-leading online and mobile … WASHINGTON - November 22, 2020 - CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. - 22/11/2020 CoStar Group, Inc. announced that it has reached an agreement to acquire Homesnap, Inc., a digital residential real estate solutions provider, for $250 million in cash. April 15, 2021. Further supporting its foray into the residential sector, CoStar Group has entered an agreement to acquire Homesnap for $250 million, making it a direct rival of market giant, Zillow. CoStar Group, which operates an office in Columbia Gateway Business Park and provides commercial real estate information, analytics and online marketplaces, has agreed to buy Homes.com, a division of Dominion Enterprises, for $156 million in cash. The site may also be connected with a new New York City-based site that the Real Estate Board of New York is developing in conjunction with HomeSnap. CoStar Group, Inc. CSGP announced the acquisition of Homesnap Inc in an all cash deal worth $250 million. The acquisition, subject to regulatory and customary conditions, is expected to conclude by the end of 2020. Headquartered in Bethesda, Homesnap provides applications and technology services to real estate agents. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support As part of its international expansion strategy, CoStar Group, Inc. CSGP recently acquired COMREAL INFO, which owns BureauxLocaux.com. Commercial real estate data provider CoStar Group Inc (NASDAQ: CSGP) will acquire Homesnap Inc for $250 million. CoStar Group is making a foray into residential real estate data after inking an agreement to buy Homesnap for $250 million in cash. It employs approximately 150 people and forecasts $40 million of revenue for 2020, which would represent 45% growth from 2019. Homesnap is an industry-leading online and mobile software platform that provides user … D.C.-based The CoStar Group, a commercial real estate information and analytics provider, has entered into an agreement to acquire Bethesda, Maryland-based real estate tech company Homesnap for $250 million in cash.. Eight-year-old Homesnap curates a website and mobile app that lets you find out more about the real estate info of a property after snapping a … WASHINGTON, D.C. — CoStar Group has entered into an agreement to acquire Homesnap Inc. for $250 million. HomeSnap was founded in 2008 and has raised $32M to date from investors including Revolution, Moderne, Updata, and others. Why does this Matter? The acquisition, subject to regulatory and customary conditions, is expected to conclude by the end of 2020. Headquartered in Bethesda, Homesnap provides applications and technology services to real estate agents. CoStar stated that more than 300,000 agents utilize Homesnap’s apps at an average rate of 30 times per month. They’ve bid on the prospective acquisition Homesnap Inc. for $250M. The move puts it in direct competition with other big-hitters like Zillow. WASHINGTON, April 06, 2022--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the acquisition of France’s premier commercial real estate news service, Business Immo.. Business Immo was founded in … CoStar Group has reached an agreement to buy residential property listing site Homes.com for a total of $156 million in cash, the company announced. WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash.Homesnap is an industry-leading online and mobile software platform that provides user … April 15, 2021. Data giant CoStar Group Inc. CSGP -3.10% is buying the commercial real estate division of Ten-X LLC for $190 million in a deal designed to increase CoStar’s role in … Homesnap General Information Description. Homesnap Homesnap is an online mobile platform that provides real … Costar’s purchase of Homesnap passed by with barely a whisper in the residential real estate market. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize … CoStar (CSGP) reached a definitive agreement to acquire Homes.com, a division of Dominion Enterprises, for $156M in cash.Norfolk, Virginia … We anticipate the acquisition of Homes.com will contribute approximately $5-10 million in incremental revenue to CoStar Group in the second half of 2021, subject to transaction timing. 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. The $250 million deal is expected to close in the coming days. The acquisition of HomeSnap marks CoStar’s first foray into residential real estate. CoStar Group, Inc.’s CSGP acquisition of RentPath is not materializing as the latter has terminated the ... the company announced buyout of … With the Homesnap buyout, CoStar is looking to expand its addressable market in the U.S. residential real estate vertical. Per the company, the residential market in the United States is worth $27 trillion, while the commercial real estate market is valued at $16 trillion. CoStar Group announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. CoStar acquired Homesnap this past November for $250 million. This agreement is expected to close by the end of the year. November 24, 2020, 5:57 pm By Julia Falcon. Having cornered commercial real estate, CoStar has a new target. CoStar Group has reached an agreement to buy residential property listing site Homes.com for a total of $156 million in cash, the company announced. WASHINGTON--(BUSINESS WIRE)--CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced today that the Federal Trade Commission (FTC) has cleared its acquisition of Homesnap, Inc., an industry-leading provider of technology solutions to the real estate industry.CoStar and Homesnap … CoStar Group acquires Homesnap on 2020-11-22 for $250000000. The Federal Trade Commission has cleared CoStar’s planned acquisition of agent software vendor HomeSnap, the companies announced. These are the details. Homes.com is a service that maintains a database of homes for sale by real estate brokers across the country. The site boasts 5 million visitors per month and nearly 1.8 million residential property listings. Homesnap recently announced that it was being acquired for $250 million by CoStar Group, a publicly traded company that is the leading provider of commercial real estate information and marketing. CoStar to acquire Homesnap for $250M. After being acquired by CoStar, Homesnap has no plans to abandon its partnership with the Broker Pubic Portal (BPP), a collaborative … This is CoStar Group’s 9th transaction in the Internet Software and Services sector. D.C.-based CoStar (NYSE: CSGP) will acquire the Bethesda residential real estate software company in a transaction expected to close before the end of 2020.