Real estate information provider CoStar Group Inc. is beefing up its news organization across the U.S., Canada and Europe, with plans to hire up to 60 reporters over the next two years, reports Katie Arcieri of The Washington Business Journal.
Arcieri writes, “CoStar CEO Andy Florance said Wednesday his company plans to hire “experienced reporters” from existing news organizations. The company recently hired Washington Post local business editor Dan Beyers as executive editor.
Florance declined to say how many of the 60 have been hired so far or what CoStar is investing in the expansion. The company’s annual report discussed the company’s efforts, saying it will be ‘adding news talent, upgrading technology, and making our service more relevant for subscribers, by delivering specific news based on their individual preferences.’
“CoStar’s effort to grow its news group, which currently has about 20 reporters between its London and U.S. operations, comes at a time of rapid growth for the company. It now has more than a dozen listing and information sites. Its Apartments.com subsidiary is a free listing website aimed at consumers while the company’s commercial real estate information targets a B-to-B market and is behind a paywall.”
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