Industry Buzz: Andy Florance's Remarks at CEO Exchange Fuel Speculation of CoStar Expansion

The discussion surrounding the real estate portals and their evolving services is growing, and CoStar Founder and CEO Andy Florance doesn’t want his company to be overlooked in the conversation, which was evident in a recent Richmond Times-Dispatch report where he unpacked plans for an ongoing expansion of CoStar’s biggest operation in Richmond, Virginia. Aside from hiring 2,000 new employees, the facility is expected to play a part in CoStar’s content offering on its portals, which Florance claimed would give Apartments.com and Homes.com an edge in attracting consumers. “We’re getting so much content, we’ll be able to tell you everything about a neighborhood,” he said.

During a one-on-one chat with RISMedia Founder and CEO John Featherston at RISMedia’s upcoming CEO & Leadership Exchange in September, Florance will discuss CoStar’s future in the residential space and how data is becoming the cornerstone of success in the competitive landscape moving forward. Florance will also offer insights and forecasts into where portals like Homes.com could head as innovations like artificial intelligence continue to take hold in the real estate tech space. 

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CoStar continues to capture headlines as it remains bullish on its residential and rental sector. While it won’t be the $3 billion acquisition of realtor.com® parent Move.com that folks raved about late last year, Florance made it clear in a recent earnings call that CoStar is keeping its eyes open for more opportunities. 

Florance and Featherston’s one-on-one discussion will take place on Wednesday, September 6 during RISMedia’s 2023 CEO & Leadership Exchange, which runs until noon on September 7 and takes place at the historic Mayflower Hotel in Washington, D.C. The 35th annual event will gather the industry’s top minds to discuss the most critical trends and issues impacting the year and outline strategies for success in the fourth quarter and into 2024. More than 100 brokerage executives and industry experts featured in over 25 panel discussions and presentations will help you understand what’s transpired so far in 2023 and share tangible advice for defining your destiny moving forward.

679 Properties
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$339,900
Neighborhood: Port Charlotte Sec 069
3
Beds
2
Baths
1,804
Sq.Ft.
2024
Year Built
1
Day on Site
A4607709
MLS
$799,900
Neighborhood: Live Oak Landings Ph 02
2
Beds
2
Baths
1,357
Sq.Ft.
2000
Year Built
1
Day on Site
D6136126
MLS
$430,000
Neighborhood: Port Charlotte Sec 069
3
Beds
2
Baths
1,640
Sq.Ft.
2018
Year Built
1
Day on Site
A4607620
MLS
Open 4/21
743 Summersea Ct Englewood,  FL 34223
$240,000
Neighborhood: Tangerine Woods
2
Beds
2
Baths
1,529
Sq.Ft.
1984
Year Built
1
Day on Site
D6136155
MLS
Open 4/19
1061 Owl Dr Englewood,  FL 34223
$894,900
Neighborhood: Dalelake Estates
3
Beds
3
Baths
1,884
Sq.Ft.
1982
Year Built
1
Day on Site
N6132275
MLS
Open 4/20
1230 S Maryknoll Rd Englewood,  FL 34223
$975,000
Neighborhood: Oxford Manor 3Rd Add
4
Beds
2
Baths
2,664
Sq.Ft.
1962
Year Built
1
Day on Site
A4607648
MLS
5
Beds
3
Baths
3,072
Sq.Ft.
1971
Year Built
1
Day on Site
D6136061
MLS
$499,900
Neighborhood: Bartlett Sub
3
Beds
2
Baths
1,281
Sq.Ft.
1981
Year Built
1
Day on Site
D6136163
MLS
$1,290,000
Neighborhood: Port Charlotte Plaza Sec 07
4
Beds
3
Baths
2,038
Sq.Ft.
1973
Year Built
2
Days on Site
A4607554
MLS
Open 4/20
1800 Englewood Rd #159 Englewood,  FL 34223
$159,000
Neighborhood: Oak Grove
2
Beds
1
Baths
826
Sq.Ft.
1969
Year Built
2
Days on Site
A4607005
MLS
$499,000
Neighborhood: Bay Harbor Estate
3
Beds
3
Baths
2,032
Sq.Ft.
1980
Year Built
2
Days on Site
D6136135
MLS
$189,700
Neighborhood: Marina Isles Ph 2
2
Beds
2
Baths
1,080
Sq.Ft.
1982
Year Built
2
Days on Site
A4606587
MLS

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