CoStar Group, the commercial/residential real estate heavyweight that has come under heavy fire from investors of late, announced in a call with investors Feb. 24 that revenue was up 19% to $3.2 billion in 2025, with CEO Andy Florance fielding questions on how the company would navigate an uncertain future while touting continued investments in…
CoStar Group on Feb. 17 announced the launch of Homes AI, which the portal calls a transformative experience powered by Microsoft Azure OpenAI, fully integrated into Homes.com, and accessible to all consumers. For the first time on a major real estate portal, according to the company, consumers can engage in natural, real-time, two-way conversations, by…
Following on the heels of hedge fund investor Third Point’s recent demand that CoStar Group exit its Homes.com-led residential business entirely, a second hedge fund investor, the New York City-based D.E. Shaw Group, has voiced the same opinion. Even with CoStar firing back at Third Point, saying its demands reflect “their complete misunderstanding of our…
As the corporate infighting continues between CoStar Group and billionaire investor Daniel Loeb’s hedge fund Third Point, with Third Point on Jan. 27 announcing it would seek to replace a majority of CoStar’s eight-person board, CoStar responded with a lengthy statement released on Jan. 28 highlighting new planned initiatives. “The CoStar Group Board of Directors…
Billionaire investor Daniel Loeb’s hedge fund Third Point has launched a proxy fight against CoStar Group, nominating multiple directors to the company’s board and demanding the real estate giant exit its residential business entirely. In a letter released this morning, Third Point announced it would seek to replace a majority of CoStar’s eight-person board, marking…
In a hearing today for the copyright lawsuit filed by CoStar against Zillow, Judge Edgardo Ramos of the Southern District of New York ordered both parties to submit more detailed arguments regarding the proper venue for the lawsuit, with CoStar previewing how it will allege Zillow is responsible for what the company claimed “may be…
Homes.com, a CoStar Group online residential marketplace, has announced the launch of Smart Search, a new home-search experience that brings artificial intelligence (AI) and natural language capabilities into the home-finding journey. The company says Smart Search is a new way for consumers to search the way they speak and find homes that match their lifestyle.…