CoStar Group / CSGP

About CoStar Group

2 Bethesda Metro Center, 10th Floor, Bethesda, Md. 20814
www.costar.com | 301-215-8300 | Founded: 1987

Industry: Media/Data | Category: Public Companies

CoStar has substantially widened the area covered by its research, adding more than 100 metropolitan areas in the fourth quarter of 2006 alone. Since the start of last year, the company has doubled the number of its U.S. commercial property listings, to nearly 700,000.
CoStar executives said they achieved these advances by adding hundreds of researchers and deploying about 140 field research vehicles in 43 states. The company has also begun an effort to double the size of its sales staff.
Since launching a new online product in May 2006 aimed at retailers, CoStar has reached deals with at least 130 national retailers, retail brokers, owners and developers, according to Andrew C. Florance, the company's president and chief executive. More than $3 million in annual subscriptions have been added since May 2006.
In February, CoStar announced that its wholly owned subsidiary in Britain had bought Property Investment Exchange (Propex), which offers its own online database of retail, office and industrial properties, for $22 million. CoStar also purchased a company specializing in the Paris commercial real estate market.

President and CEO: Andrew C. Florance

2006 Financial Data

Revenues: $158,889,000 | Net Income: $12,410,000
Assets: $275,437,000 | Earnings Per Share: $0.65
Total employees: 1,181 | Local employees: 391