CoStar Group

JuneX Capital Partners’ evergreen fund to back AENDRE Group, a new pan European lifestyle and extended stay hotel platform

Retrieved on: 
星期三, 六月 5, 2024
CoStar Group, Acquisition, SACO, Work, STR, Inc, Travel, Servicing, STR, Entrepreneurship, Carbon, Partnership, Life

----------------

Key Points: 
  • JuneX Capital Partners’ evergreen fund to back AENDRE Group,
    One month after the closing of its €100m evergreen fund dedicated to human capital and investment management entrepreneurs, JuneX Capital Partners (“6XCP”) is pleased to announce the backing of AENDRE Group , a newly launched London based hospitality investment and management platform.
  • AENDRE’s mission is to transition carbon inefficient office buildings into green destinations and next generation lifestyle aparthotels.
  • The group seeks to create spaces that attract locals and travellers with an opportunity to experience a better way of life.
  • Coincidentally, these office conversions uniquely lend themselves to lifestyle extended stay, due to their high-quality locations and relatively deep floor plates.

Buono Family Gives $2 Million Gift to College of Charleston

Retrieved on: 
星期二, 六月 4, 2024
CoStar Group, School, College of Charleston, Student, Commercial property, Culture, CofC, Business, Education, P-12, Faculty, Teaching, Mark, Management

Since 2018, the number of declared commercial real estate finance majors has grown from 33 to 190.

Key Points: 
  • Since 2018, the number of declared commercial real estate finance majors has grown from 33 to 190.
  • “The College is fortunate to count Mark and Judy Buono as alumni, donors and advocates,” says President Andrew T. Hsu.
  • Add the Buonos: “The College of Charleston is part of our family culture, and we are proud to be CofC alumni.
  • We were motivated to make this gift to support two areas at the College of Charleston that we particularly care about and wish to see prosper to their greatest potential.”

Premier Access Property Management Continues Philadelphia Market Expansion

Retrieved on: 
星期四, 五月 30, 2024
Investment, Hotbed, CoStar Group, SFR, Marketing, Pressure, Salzano, Property management

PHILADELPHIA, Pa., May 30, 2024 (GLOBE NEWSWIRE) -- Premier Access Property Management, led by Dustin Salzano, continues to experience significant demand for its services across the Philadelphia market.

Key Points: 
  • PHILADELPHIA, Pa., May 30, 2024 (GLOBE NEWSWIRE) -- Premier Access Property Management, led by Dustin Salzano, continues to experience significant demand for its services across the Philadelphia market.
  • The company secured multiple new property management assignments in Philadelphia, including with the developer of a large-scale multifamily project and the condominium association for a boutique residential community.
  • We bring a developer’s approach to property management, and that is helping drive demand for our services.”
    Premier’s property management services include leasing and marketing, investor management, comprehensive HOA management services and property maintenance.
  • It is not cost-effective for many new-to-market developers to provide in-house management services for assets in the Philadelphia market, which makes Premier the ideal partner with its local knowledge and resources.

MTTR Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Matterport to CoStar Group

Retrieved on: 
星期四, 五月 23, 2024
Wohl, MTTR, CoStar Group, Sale

MONSEY, N.Y., May 23, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $5.50 per share for which Matterport, Inc. (Nasdaq: MTTR) (“Matterport”) has agreed to be sold to CoStar Group (“CoStar”).

Key Points: 
  • MONSEY, N.Y., May 23, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $5.50 per share for which Matterport, Inc. (Nasdaq: MTTR) (“Matterport”) has agreed to be sold to CoStar Group (“CoStar”).
  • Under the terms of the deal, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar common stock for each share of Matterport common stock.
  • Under the terms of the deal, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar common stock for each share of Matterport common stock.
  • “We are investigating whether the Matterport Board of Directors acted in the best interests of Matterport shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

CoStar Group Releases 2024 Environmental, Social, and Governance Report

Retrieved on: 
星期四, 五月 23, 2024
Commercial Building & Real Estate, Technology, Construction & Property, Professional Services, Data Analytics, Environmental, Social and Governance (ESG), Other Construction & Property, Data Management, Residential Building & Real Estate, Workforce, ISS, Science, Environment, Capital, MSCI, ESG, DEI, CoStar Group

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today published its 2024 Environmental, Social, and Governance Report.

Key Points: 
  • CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today published its 2024 Environmental, Social, and Governance Report.
  • The report highlights the company’s commitment to making business decisions that prioritize its people, communities and shareholders through meaningful environmental, social and governance (ESG) practices.
  • “Throughout 2023, we experienced incredible successes across our environmental, social and governance efforts,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group.
  • To learn more about CoStar Group’s commitment to positive ESG practices or to read the company’s 2024 report, visit investors.costargroup.com/ESG .

CoStar Group Founder and CEO Andy Florance Named to Commercial Observer’s Power 100 List

Retrieved on: 
星期一, 五月 20, 2024
Commercial Building & Real Estate, Technology, Construction & Property, Professional Services, Software, Internet, Data Analytics, Other Construction & Property, Residential Building & Real Estate, Google Analytics, Growth, Face, Commercial, CoStar Group, Homes.com

Andy Florance, Founder and CEO of CoStar Group, a leading provider of online real estate marketplaces, information, and analytics in the property markets, was recognized on Commercial Observer’s Power 100 List.

Key Points: 
  • Andy Florance, Founder and CEO of CoStar Group, a leading provider of online real estate marketplaces, information, and analytics in the property markets, was recognized on Commercial Observer’s Power 100 List.
  • The Power 100 list, published annually, honors 100 of the most influential people, businesses, and firms driving change and innovation within the commercial real estate industry.
  • Florance’s inclusion on the list is a nod to the explosive growth that CoStar Group experienced in 2023, reaching $2.46 billion in revenue last year and employing over 6,200 dedicated team members across 14 different countries.
  • In addition, the company acquired UK residential property portal OnTheMarket.com and made the decision to relocate its headquarters to Rosslyn, VA.
    “I’m incredibly honored to be recognized on Commercial Observer’s Power 100 list for the second year in a row alongside some of the top commercial real estate players,” said Andy Florance, Founder and CEO of CoStar Group.

Land & Buildings Sends Letter to SmartRent’s Board of Directors Outlining the Need to Explore Strategic Alternatives

Retrieved on: 
星期二, 五月 14, 2024
Professional Services, Technology, Commercial Building & Real Estate, Software, Construction & Property, Asset Management, REIT, EV, Paramount, CoStar Group, Letter, Sale, Software as a service, Internet of things, CFOS, Acquisition, Communication, SMRT, ROI, Building, Property technology, Failure, Disclosure, Management

Its customers are the largest and most sophisticated multifamily landlords nationally with 15 of the 20 largest apartment owners choosing SmartRent.

Key Points: 
  • Its customers are the largest and most sophisticated multifamily landlords nationally with 15 of the 20 largest apartment owners choosing SmartRent.
  • Since SmartRent has persistently failed to achieve its growth targets, we believe the Company has no choice but to fully explore strategic alternatives.
  • Accordingly, we believe the Company must explore strategic alternatives to maximize shareholder value.
  • To further our constructive engagement, we would like to speak with the independent members of the SmartRent Board to discuss the contents of this letter.

MATTERPORT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Matterport, Inc. - MTTR

Retrieved on: 
星期五, 五月 10, 2024
Class Action Lawsuit, Professional Services, Legal, CoStar Group, MTTR, KSF, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of the sale of Matterport, Inc. (NasdaqGM: MTTR) to CoStar Group, Inc.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of the sale of Matterport, Inc. (NasdaqGM: MTTR) to CoStar Group, Inc.
  • Under the terms of the proposed transaction, shareholders of Matterport will receive a mixture of cash and stock valued at $5.50 for each share of Matterport that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Matterport Announces First Quarter 2024 Financial Results

Retrieved on: 
星期一, 五月 6, 2024
Total, Kikkoman, Resi, Partnership, Research, 3D, Software as a service, CoStar Group, Intelligence, Know-how, Crunch Fitness, Acquisition, Digital twin, Bank statement, GAAP, Growth

“I'm pleased to announce our first quarter 2024 results, which reflect our continued success in driving efficient growth for the company,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport.

Key Points: 
  • “I'm pleased to announce our first quarter 2024 results, which reflect our continued success in driving efficient growth for the company,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport.
  • Due to Matterport’s pending acquisition by CoStar Group, Inc., that was announced on April 22, 2024, Matterport will not be holding a conference call or live webcast to discuss Matterport’s first quarter 2024 financial results.
  • In addition, the Company will not be providing financial guidance for the second quarter of fiscal year 2024 and is suspending its financial guidance for the full fiscal year 2024 in light of the pending transaction.
  • We believe that the presentation of non-GAAP financial information provides important supplemental information to management and investors regarding financial and business trends relating to Matterport’s financial condition and results of operations.

Matterport Cancels First Quarter 2024 Conference Call Following Definitive Agreement to be Acquired by CoStar Group

Retrieved on: 
星期五, 四月 26, 2024
CoStar Group

SUNNYVALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced that it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, 2024 at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) due to the April 22, 2024 announcement that Matterport has entered into a definitive agreement to be acquired by CoStar Group, Inc. Due to the pending transaction, Matterport will not be providing quarterly financial guidance.

Key Points: 
  • SUNNYVALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced that it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, 2024 at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) due to the April 22, 2024 announcement that Matterport has entered into a definitive agreement to be acquired by CoStar Group, Inc. Due to the pending transaction, Matterport will not be providing quarterly financial guidance.