CoStar Group, Inc. (NASDAQ: CSGP), the Washington, DC Based Provider of Commercial Real Estate Information, is in No Way Associated with Chinese Firm Costar Group Co. Ltd. (002189.SZ), a Chinese Company Facing a Ban on Stock Purchases by Americans
WASHINGTON–(BUSINESS WIRE) – CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of information, analysis and online marketplaces for commercial real estate, today issued a statement clarifying that it is in no way affiliated with the Chinese company CoStar Group Co. associated, associated, or affiliated., Ltd., an enterprise mainly engaged in the research, development, design, manufacture, processing and sales of optical parts and components.
The clarification from CoStar Group, Inc. is in response to the Biden Administration’s Executive Order dated June 3, 2021 to expand restrictions on American investments in 59 Chinese companies with alleged ties to the Chinese defense sector. The Chinese company CoStar Group Co., Ltd. was on the list of companies.
About the CoStar Group
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of information, analysis and online marketplaces for commercial real estate. CoStar was founded in 1987 and carries out extensive, ongoing research to create and maintain the largest and most comprehensive database of commercial property information. Our suite of online services enables clients to analyze and interpret commercial property values, market conditions and current availabilities, and gain unmatched insights. STR provides world-class data benchmarking, analysis and market insights for the global hospitality industry. Ten-X provides a leading platform for conducting online commercial property auctions and negotiated bids. LoopNet is the busiest online marketplace for commercial real estate. Realla is the UK’s most comprehensive digital commercial real estate marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com are the leading online housing resource for renters looking for great apartments and offer property managers and owners a proven platform for marketing their properties. Homesnap is an industry leading online and mobile software platform that provides easy-to-use applications to streamline the real estate agent’s workflow and strengthen the broker-client relationship. Homes.com offers real estate professionals branded and real estate advertising that connects consumers with real estate professionals. The CoStar Group’s websites attract tens of millions of visitors a month. CoStar is headquartered in Washington, DC and has offices in the US, Europe, Canada and Asia with over 4,600 employees worldwide, including the largest professional research organization in the industry. Further information is available at www.costargroup.com.