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CoStar doubles earnings

Data company is in a league of its own

CoStar Group CEO Andrew C. Florance (right) (Credit: Virginia Commonwealth University)

Commercial data giant, CoStar Group doubled net income year-over-year, earning $44 million in the second quarter. 

Loopnet is changing… CoStar is in the process of converting LoopNet into “a pure marketing site for commercial real estate where all listings are paid and users can search the site for free.” These new paying customers are generating additional revenue for the company.

Monopoly: CoStar is in a league of its own. Others like Xceligent who have tried to compete are out of business.

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