All articles tagged with #costar group
The National Association of Realtors has agreed to drop the requirement for home sellers to pay the buyer's agent commission, potentially leading to a 25% or more drop in real estate commissions. While this could negatively impact major real estate companies, two companies, including CoStar Group, are identified as potential winners in this changing landscape.
CoStar Group, a leading global provider of online real estate marketplaces, information, and analytics, will be moving its corporate headquarters from D.C. to the Central Place building in Rosslyn, Arlington. The move will bring 650 employees to the new HQ, adding to the area's vitality. CoStar will receive nearly $5 million in state economic incentives and pay Arlington County nearly $14 million for exclusive use of the "View of D.C." observation deck. The company's move continues Arlington's winning streak in attracting major corporate headquarters, and the funds from the deal will accelerate proposed changes to nearby Rosslyn Gateway Park by a decade.