Andy Florance Honored with Gold Globee for CEO of the Year by Globee Business Awards
WASHINGTON, September 26, 2023--(BUSINESS WIRE)--Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today was named a Gold Globee winner for CEO of the Year at the 11th Annual Globee Awards for Leadership.
Since the company’s founding in 1986, Andy has led CoStar Group to its market-leading position today as a dominant provider of commercial and residential real estate information, analytics, and online marketplaces. Despite much of the real estate industry experiencing a slowdown, CoStar Group has continued to witness incredible growth in earnings and website traffic across its industry-leading brands and is included in the S&P 500 Index and the NASDAQ 100. The company has seen consistent positive financial results quarter-over-quarter in 2022 and 2023, with revenue increasing 13% year over year in Q2 2023 and net new bookings growing to $82 million. In August 2023, CoStar Group saw over 110 million monthly unique visitors across Homes.com, Apartments.com, LoopNet and the rest of the company’s online marketplaces and websites.
"It’s an incredible honor to be named CEO of the Year by Globee Business Awards," said Florance. "CoStar Group’s success is driven by our diligent employees, who work day-in and day-out to develop innovative solutions and create best-in-class technology for more seamless, streamlined and beneficial experiences for our clients and consumers. Together, we’re building industry leading platforms and it’s a celebratory moment for us all to be recognized by this international program."
Formerly known as the CEO World Awards, the Globee Leadership Awards recognize exceptional leadership across all aspects of business, honoring remarkable achievements and groundbreaking strategies employed by individuals and organizations worldwide. The annual program encompasses the world’s best in leadership, innovation, organizational performance, new products and services, excellence studies, corporate social responsibility, and milestones from every major industry in the world. Mr. Florance’s win reflects his commitment to digitize commercial and residential real estate and provide best-in-class technology capabilities to better serve its clients and consumers.
For more information about the company and its products and services, please visit CoStarGroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attract nearly 100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230926021732/en/
Contacts
News Media
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com
