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The Latest Breaking News from CoStar

London hotel room rates soar to highest ever level due to Oasis and Wimbledon

The price of a night in the capital has never been more expensive according to new data

The Independent UK

Nine profits dip 10% as Domain sale windfall to be invested in digitising archives and AI tools

Chief executive of the Australian entertainment company, Matt Stanton, refuses to comment on potential acquisitions of podcast or radio assets or outdoor advertising

The Guardian - AU

CoStar Group Stock: Analyst Estimates & Ratings

CoStar Group has notably outperformed the broader market over the past year, and analysts remain bullish on the stock’s prospects.

Barchart

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Owner of Homes.com sues Zillow for allegedly infringing more than 46,000 copyrighted photos

Owner of Homes.com sues for allegedly infringing more than 46,000 copyrighted photos

Fortune

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

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

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news in one place.

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Barchart

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.

International Business Times

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.

Barchart

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.

Evening Standard

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.

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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

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.

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