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CoStar Group Appoints Dan Beyers Executive Editor of Growing International News Operation

WASHINGTON, April 5, 2018 /PRNewswire/ -- CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, today announced that Dan Beyers has joined the Company as Executive Editor and Vice President.  An excellent business journalist and longtime news editor for The Washington Post, Beyers will oversee CoStar's global news operation, which spans offices in the United States, Canada, United Kingdom and Germany and includes more than 40 journalists.

(PRNewsfoto/CoStar Group, Inc.)...

"Dan has tremendous experience and will be leading our effort to build a world-class news organization and establish CoStar as the industry's most-read and most-respected source for commercial real estate news," said Andrew Florance, CoStar Group Founder and Chief Executive Officer.  "He has been a veteran news presence at The Washington Post, having served in a number of reporting and editing capacities at the newspaper where he earned a reputation for taking on challenges facing the print-based industry and helping it transition to the digital age, while upholding the highest journalistic standards."

While at The Washington Post, Beyers served as founding editor of Capital Business, a subscription-based publication launched by The Post in 2010 to sharpen its focus on the region's business community. He spun off new online verticals from that coverage to expand The Post's digital presence, and launched Top Workplaces, an annual publication and live event aimed at the metropolitan area's top employers. As a reporter and editor, he helmed beats including technology, government, education, local business and national industries.

Beyers' appointment is a significant milestone in CoStar's expansion of its award-winning news team, which added more than a dozen experienced business journalists located across the U.S. and in key international locations in the past year. The growing team allows CoStar to better tailor coverage for its readers, offering even greater insights into the markets and issues that matter to them. The expansion is part of a major initiative to enhance the company's role as the industry's leading source of commercial real estate information and data, building on its already established reputation as a trusted, insightful news resource for commercial real estate. 

Beyers will be based in CoStar's corporate headquarters in Washington, DC and report to Lisa Ruggles, Senior Vice President of Global Research.

About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. LoopNet is the most heavily trafficked commercial real estate marketplace online with over 5 million monthly unique visitors per month. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties.  CoStar Group's websites attracted an average of approximately 34 million unique monthly visitors in aggregate throughout 2017. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe and Canada with a staff of over 3,700 worldwide, including the industry's largest professional research organization. For more information, visit www.costargroup.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements, including the risk that the company's expansion of its news team does not produce the expected results, including better tailored coverage, greater insights and establishing CoStar as the industry's most-read and most-respected source for commercial real estate news.  More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including in CoStar's Annual Report on Form 10-K for the year ended December 31, 2017, which is filed with the SEC, including in the "Risk Factors" section of that filing, as well as CoStar's other filings with the SEC available at the SEC's website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE CoStar Group, Inc.

Related Links

http://www.costar.com

Where's Former Atlanta BeltLine President Brian Leary? In the @WSJ, That's Where

Anyone wondering what former BeltLine President and CEO Brian Leary is up to these days need look no further than today's Wall Street Journal.

In September, Charlotte-based Crescent Communities picked Leary as president of its commercial and mixed-use divisions, and he's already overseeing development of a $500 million mixed-use development dubbed Tryon Place.

In today's Plots & Ploys column in the WSJ, Leary tells reporter Peter Grant that Crescent is seeking an anchor tenant and hopes to get construction finance to start the project next year. Short of that, Crescent "also might move forward with all-equity financing if it can find a partner," Grant reports.

Grant's column item, under the headline "Charlotte is Chugging," focuses on office developers moving ahead with spec office towers "for the first time in years" and says it's a "sign of strength" in second-tier cities. Charlotte boosters will love the item but might quable with being termed second-tier. The Wilbert Group, the nationa's leading commercial real estate PR firm, is proud to represent Charlotte-based Lincoln Harris, which has some cool plans of its own for the Queen City.

As for Leary, it's good to see him moving and shaking again. He rejoined Jacoby Development after resigning as BeltLine president as the result of an inquiry into expense reports. We hated that he left Atlanta but are glad to see him kicking ass in Charlotte.

 

Commercial Real Estate, Read All About It!

(CRE_Xtra) - CRE is hot right now, and it's starting to get the additional media coverage the industry deserves. The increased coverage itself also could use some review. So, we're launching CRE Xtra on Skyline Views. Here's the inaugural post of CRE_Xtra - Read All About It!

1) What if a top industry group in commercial real estate helds its big annual conference in your town and practically no one covered it? That's what happened last week when the city of Atlanta hosted REIT World, the show of the year for the National Association of Real Estate Investment Trust (NAREIT). We're still holding out hope that some coverage will pop up.

The event featured so many CRE CEOs that it would have been like a field day for a commercial real estate reporter. And new Atlanta business royalty PulteGroup CEO Richard Dugas made an appearance on the panel. I know the trade press made the trip because I had dinner at The Optimist with former boss Ben Johsnon, who serves as managing director and editor-in-chiefof Real Assets Adviser from Institutional Real Estate, Inc. Lucky for us, NAREIT itself provides very good coverage of its event here under "HEADLINES".

2) Atlanta developer Jim Borders some times gets some flak from snarky would-be architects who charge that the design of his SkyHouse apartment towers appears too cookie-cutter. But on Saturday, I was struck by the presence SkyHouse Midtown had, standing tall next to (optical illusion) One Atlantic Center, often declared Atlanta's best-looking office tower. The aprtment tower held up pretty well when juxaposed with the Johnson/Burgee Architects classic pinstripe suit design.

3) It's cool to see Atlanta REIT Cousins Properties team up again with Hines to develop an office tower - this one in Dallas. The pair teamed to produce 191 Peachtree in downtown Atlanta, where Cousins now has its offices after years in Cobb County.

3) Driving by the 3630 Peachtree office tower this morning (yes, the one with the Ritz-Carlton Residences), I am reminded about the lack of coverage of its sale to Hetiman at a record price earlier this year. I can find zero full-length stories about Heitman buying the building in the mainstream media. Maybe it's because Bisnow Atlanta broke the story. According to Bisnow, 3630 Peachtree did fetch a Buckhead record of $380 per square foot. Of course, had I been able to sneak into REIT World, I could have asked Tim Pire, a panelist and Heitman owner, all about it. 

Now that's we've come full circle, we conclude CRE_Xtra.

National Press Building For Sale, Could Fetch Nearly $300 Million

Feb. 22, 2011 - The National Press Building in Washington, home to the National Press Club, is on the market and could fetch as much as $295 million, or $600 a square foot. This, according to tomorrow's edition of the Real Estate Alert newsletter.

Cassidy Turley is marketing the 491,000-square-foot building for the owner, a venture led by Quadrangle Development, Real Estate Alert reports. The building is 96 percent occupied and just the sort of core asset investors are craving - and paying record prices for across the country.

The building at 529 14th St. NW, completed in 1927, was renovated in 1985 and again in 2006. It's only two blocks from the White House.

This offering should get a lot of attention from real estate reporters vying to break the story of the new owner.