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The Latest Breaking News from CoStar

Here's What to Expect From CoStar Group's Next Earnings Report

CoStar Group is expected to release its fiscal first-quarter earnings later this month, and analysts project a double-digit profit dip.

Barchart

Even though the offer is a serious play, Nine probably doesn’t want to sell Domain

US property conglomerate CoStar offered $4.20 a share, valuing the Domain business at $2.7bn – but sometimes silence speaks louder than words

The Guardian - AU

Domain Holdings mulls $2.7b takeover offer from US firm

Nasdaq-listed CoStar Group has offered $2.65 billion for Domain, while Mayne Pharma will be acquired by US-based Cosette Pharmaceuticals for $672 million.

AAP

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CoStar Group Stock Outlook: Is Wall Street Bullish or Bearish?

Although CoStar Group has lagged the broader market over the past year, Wall Street analysts maintain a moderately bullish outlook on its growth prospects.

Barchart

Experts say Los Angeles rental prices will ‘inevitably’ spike post-wildfires

The LA housing crisis was dire before, but now hundreds of thousands of people are displaced.

Fortune

CoStar Group Stock: Is CSGP Outperforming the Real Estate Sector?

CoStar Group has recently outperformed the broader real estate sector, and analysts remain cautiously optimistic about the stock's long-term growth prospects.

Barchart

Are Wall Street Analysts Predicting CoStar Group Stock Will Climb or Sink?

Despite CoStar Group trailing behind the broader market over the past year, Wall Street analysts remain moderately bullish about the stock's potential.

Barchart

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Back to the office, say bosses. Thank goodness for that, say property firms

Staff working from home half the week put an inevitable damper on the office property sector. Will changing patterns keep the lights on and returns attractive?

The Guardian - UK

Is CoStar Group Stock Underperforming the Dow?

CoStar Group recently underperformed the Dow, but Wall Street analysts are moderately bullish about the stock’s prospects.

Barchart

Rightmove can play hardball on asking price. It doesn’t need a Murdoch takeover

The UK property portal is in a strong position and is under little pressure to sell at anything other than a silly figure

The Guardian - UK

Is Wall Street Bullish or Bearish on CoStar Group Stock?

CoStar Group has lagged behind the broader market over the past year, and analysts are still moderately bullish about the stock's future.

Barchart

Frank Roessler Of Ashcroft Capital Remains Bullish On Apartment Market

Because the apartment market is on stable footing, multifamily properties are poised to remain good investments for high-net-worth individuals, family offices and institutional capital, says Roessler.

International Business Times

Is CoStar Group Stock Underperforming the Nasdaq?

Although CoStar Group has underperformed the Nasdaq Composite over the past year, analysts remain moderately bullish on its prospects.

Barchart

City of London fails to score a single £100 million office deal

London’s historic financial district is on the cusp of notching a grim record: the City’s office market has failed to register a single deal for more than £100 million in the first half of the year — the first time that’s happened in a quarter century.

Evening Standard

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Fortune

Commercial real estate bargain hunters are snagging offices for ‘extreme’ discounts up to 70%

“Office is clearly in the worst shape versus the other property types,” one executive says.

Evening Standard

London office construction starts surge in first quarter as confidence floods back

The capital accounted for almost 80% of the UK’s office starts in the first three months of the year

WEKU

With 'bleisure' and fewer workers, the American hotel is in recovery

A new type of traveler is part of the post-pandemic reset at U.S. hotels, along with fewer daily cleanings and pancake-slinging machines.

The Guardian - UK

‘It’s the exclusivity’: the rise of London’s £1,000-plus a night super-luxe hotels

Price is no deterrent as wealthy visitors flock to the capital for ‘experiences’ only big money can buy

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Fortune

CEOs want employees back in the office, and 90% say they'll likely give raises and promotions to those who actually show up, survey finds

CEOs say they expect in-office attendance to play a role in employees' career progression and that it will factor into determining who will get raises and promotions.

The Independent UK

A boom in apartment construction is helping to curb rents but not all renters will benefit

When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades

Axios

Redevelopers are pouncing on shuttered hotels

Interest in revitalizing or redeveloping closed hotel properties has been on the rise for the last decade — but it's surged to new heights since the pandemic began.

Los Angeles Times

Commentary: LA and other cities are recovering, but not their downtowns. Why?

A fiscal “doom loop.” A transit “death spiral.” The “office apocalypse.” Since the traumatic disruption of the COVID-19 pandemic, these pessimistic terms have been applied repeatedly to the state of our cities. Analysis of Census data from my Brookings Institution colleague William Frey found that from 2020 to 2021, during…

Axios

Office space available, lots of it

The data is a sign that the distress is going to get worse.

Evening Standard

Regional Universities rush to grab space in London

Sheffield Hallam, Teesside University and the University of West of Scotland among those setting up sites in the capital

Evening Standard

Regional universities scramble for space in London

Non-London universities have taken 350,000 sq ft in the capital over the past three years

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