CoStar revenue soars 19% after year of acquisitions

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink CoStar Group Andrew C. Florance. (Getty) CoStar Group’s revenue soared to $1.66 billion in 2020, as the pandemic pushed more people to shop for real estate online, the company reported Tuesday.While earnings rose 19 percent, the real estate data giant’s profits sunk thanks to the coronavirus closures in the spring. Net income plunged nearly 28 percent to $227 million for the full year. CoStar reported net income of $314.9 million in 2019.Still, CoStar turned in a strong second half of the year as the real estate market rebounded. It notched $100 million in sales bookings during the latter part of 2020, including $49 million in net new sales during the fourth quarter.Read moreCoStar offers $6.9B to buy CoreLogic Why CoStar paid $250M for Homesnap CoStar fights RentPath over $60M break-up fee Email Address* Andy FlorancecorelogicCoStarreal estate datazillow Full Name* Last year, CoStar acquired Ten-X, Emporis and Homesnap, although its deal to buy RentPath fell through after the Federal Trade Commission objected.With $2.7 billion in debt and equity on its books, CoStar said it would double down on acquisitions in the coming year, particularly in the residential space.Earlier this month, CoStar submitted a bid to buy CoreLogic for $6.9 billion, or 20 percent higher than CoreLogic’s previously-accepted offer from Stone Point Capital and Insight Partners. “This combination would triple CoStar Group’s total addressable market,” CEO Andy Florance wrote in a letter to CoreLogic’s board.During an earnings call, Florance said there is “vast potential” to integrate commercial and real estate data tools.CoStar said Apartments.com notched record results last year, with revenue of nearly $600 million, up 22 percent year-over-year. “We believe that our increased investment in marketing for Apartments.com in 2020 was a key driver in our performance and produced outstanding results,” Florance said in a statement. Apartments.com notched 170 million virtual tours in 2020, twice as many as 2019.LoopNet also had a strong year with 20 percent year-over-year revenue growth.CoStar projected revenue this year between $1.925 billion and $1.945 billion. It projected EBITDA between $640 million to $650 million.Contact E.B. Solomont Share via Shortlink Tags Message*last_img read more

Dwyane Wade says it was ‘so fitting’ to end NBA career with wife, daughter

first_imgScored 30 points in his final home game on Tuesday. April 12, 2019 /Sports News – National Dwyane Wade says it was ‘so fitting’ to end NBA career with wife, daughter Beau Lund Written by Selected fifth in the first round of the 2003 NBA draft out of Marquette University. 2008-09 NBA scoring champion 1,054 games played, started in 909 games (at time of publication) FacebookTwitterLinkedInEmailPhil Ellsworth / ESPN Images(NEW YORK) — Dwyane Wade will hang up the No. 3 jersey after more than 2,300 points, 13 All-Star appearances, three NBA titles and 15 years in the NBA. The 37-year-old guard, who spent 15 seasons of his career with the Miami Heat, opened up about his time on the court as he looks ahead to retirement. “I’m so lucky to be in the situation where I have a five-month-old daughter by my side — it just was so fitting to have the opportunity to end my career with me carrying her,” Wade said on ABC News’ Good Morning America about his daughter Kaavia. He added he was “just filled with so much gratitude, so much love, so much appreciation for the people that supported me.” “I just want to thank the fans, they made this last season like a movie for me,” he said.In his final regular season game against the Brooklyn Nets at the Barclays Center, Wade’s friends — known as the “Banana Boat” crew — sat courtside and witnessed his 25-point, 11-rebound and 10-assist performance, notching the fifth and final triple-double of his career. “Those guys all being there for my last game, being over there cheering the whole game, talking to me the whole game, man it was so dope, it was so cool and I was so appreciative of it,” Wade said. The group of friends includes Carmelo Anthony, Houston Rockets guard Chris Paul and Los Angeles Lakers forward LeBron James. Wade also celebrated after the game with his wife, actress Gabrielle Union, and singer Justin Timberlake. “I had a hangover,” he admitted with a smile. “It was rough; I admit it’s the first hangover I’ve ever had in my life, and it sucked.” The NBA superstar is now on to enjoy time off the court with his wife and kids.Going out on topWade first announced his retirement last September in a video titled “One Last Dance,” which became the name for his farewell 2018-19 season.Wade, known as “Flash” for his speed on the court, racked up an impressive list of professional accomplishments. These are just a sample of his serious numbers:Third best shooting guard behind Michael Jordan and Kobe Bryant. Two Olympic medals: one gold (2008), one bronze (2004) Saying thank you instead of goodbye“Walking off, I did the lap around the court with my wife, and I just wanted to thank the fans,” Wade said on GMA of the game against the Nets that capped his career.After the victory over the Philadelphia 76ers on Tuesday night, an emotional Wade took the time to thank each of his teammates this season, including those who had been cut or traded, by name. “I’m thankful for this moment. I’m thankful for this entire season,” he said, standing next to his oldest son, Zaire. “I’ve got some brothers that will always be my brothers. I love you guys.” A touching tribute video began with Erik Spoelstra, Wade’s head coach of 10 years. It transitioned to his former teammate Shaquille O’Neal, who narrated the first act of Wade’s career — including the first NBA championship they won together in 2006. Then, the tribute turned the page to the second act, which was narrated by his longtime teammate LeBron James and covered the “Big Three era” in Miami, when the Heat won two back-to-back titles and reached four NBA Finals in as many years. It also included Wade’s departure to Chicago, where he played for the Bulls in the summer of 2015. The final act showed Wade’s triumphant return to Miami last season and was narrated by three people: his wife, Union, his longtime teammate, Udonis Haslem, and Pat Riley, who coached and ran the Heat during Wade’s entire career. The video ended with a silhouette of Zaire Wade, who was shown walking all alone into American Airlines Arena. He mimicked some of his father’s moves — from the pull-up midrange jumper to a pump fake — then slowly walked up the steps of the arena bowl to a microphone, where he sat down and introduced his father.Copyright © 2019, ABC Radio. All rights reserved. Averages 22 points per game in his career Led the Heat to its only three franchise championship titles. last_img read more

Portland State rolls past Southern Utah 52-31

first_imgOctober 5, 2019 /Sports News – Local Portland State rolls past Southern Utah 52-31 Written by Tags: Big Sky Conference/Portland State Vikings/SUU Thunderbirds Football FacebookTwitterLinkedInEmailPORTLAND, Ore. (AP) — Davis Alexander threw two touchdown passes and ran for a score and Sirgeo Hoffman added two touchdown runs to power Portland State to a 52-31 victory over Southern Utah on Saturday.The Vikings (3-3, 1-1 Big Sky Conference) started fast and never looked back against the Thunderbirds (1-5, 0-2). Portland State used Cody Williams’ 37-yard field goal and Hoffman’s 2-yard TD run to take a 10-0 lead after one quarter. Following Hoffman’s score, Southern Utah drove 66 yards in 15 plays with Chris Helbig passing to Lance Lawson for a 5-yard score to get the Thunderbirds within 10-7 just 17 seconds into the second quarter.Portland State then scored 28 straight points to lead 38-10 at the half. Alexander’s 3-yard TD run started the second-quarter scoring burst. He added a 16-yard TD pass to Beau Kelly before Emmanuel Daigbe capped an eight-play, 70-yard drive with an 11-yard TD run to put the Vikings up 31-7 with 47 seconds left in the half. Anthony Adams then picked off Helbig on the Thunderbirds’ first play from scrimmage and two plays later Alexander connected with Davis Koetter for a 46-yard TD and a 38-7 lead.Alexander finished 18-of-30 passing for 234 yards and he rushed for 80 yards on just seven carries. Hoffman ran for 81 yards on 24 carries. Koetter hauled in five passes for 108 yards.Helbig completed 31 of 41 passes for 302 yards and three TDs with one interception. Lawson had eight catches for 100 yards and a score.Portland State had a 473-394 edge in total offense and a 239-92 advantage on the ground. Associated Presslast_img read more

MHI invests in US hydrogen technology firm Monolith Materials

first_img Olive Creek1(OC1), commercial-scale facility in Nebraska, United States. (Credit: MITSUBISHI HEAVY INDUSTRIES, LTD.) The investment marks the entry of MHI Group into the field of hydrogen production Japanese company Mitsubishi Heavy Industries (MHI) has invested in Monolith Materials, a US-based company that provides technology to enable the production of hydrogen and carbon black from methane.The investment marks the entry of MHI Group into the field of hydrogen production.MHI has made the investment through Mitsubishi Heavy Industries America in Monolith Materials, which is claimed to be the first US manufacturer to produce a clean, industry-transforming hydrogen called “turquoise hydrogen” on a commercial scale.According to the company, the investment in Monolith helps to advance the production and supply of hydrogen through plasma-based methane pyrolysis technology that uses renewable energy as its heat source.Mitsubishi Heavy Industries America president and CEO Yoshihiro Shiraiwa said: “By solving the century-old problem of scaling methane pyrolysis to a commercial level, Monolith Materials has emerged as a leader in the manufacturing of emissions-free hydrogen.“While we’re evaluating a number of clean-energy development options, Monolith offers great promise. We’re excited to be the first in a new wave of strategic investors supporting the development of their technology.”Monolith in operating stage of Olive Creek 1 facilityEstablished in 2012, Monolith Materials is now in the operating stage of Olive Creek 1 (OC1), which is its first commercial-scale emissions-free production facility.The plant is capable of producing nearly 14,000 metric tonnes of carbon black per year along with clean hydrogen.The company has also unveiled its plans to produce emissions-free ammonia at a second phase production facility, named Olive Creek 2 (OC2), in Hallam, Nebraska.MHI said that the turquoise hydrogen, emissions-free ammonia and carbon black produced by Monolith are estimated to reduce greenhouse gas emissions by one million metric tonnes per year compared to traditional manufacturing processes.Recently, MHI has agreed to make a capital investment in green hydrogen and ammonia project developer H2U Investments.last_img read more

Illegal sub-letting at ‘epidemic’ levels claims TV evictions star

first_imgHome » Crime » Illegal sub-letting at ‘epidemic’ levels claims TV evictions star previous nextRegulation & LawIllegal sub-letting at ‘epidemic’ levels claims TV evictions starLandlord Action’s Paul Shamplina claims ‘professional’ sub-letting scammers are becoming a significant problem particularly in London.Nigel Lewis14th June 201901,312 Views The TV property evictions show Nightmare Tenants Slum Landlords is set to continue next week and will uncover the extraordinary tale of an Instagram star who turned out to be a ‘professional’ rental scam artist.The programme also highlights how sub-letting scams are becoming a major problem in London, fuelled by a rise in the number of well-informed criminals who play the system for significant financial gain.Featuring Landlord Action’s Paul Shamplina, the Channel 5 TV show on Monday follows landlord Han Yip as he discovers that his swish West London property has been sub-let illegally by a tenant to three unsuspecting foreign students.The original tenant turns out to be an Instagram star who flaunts his suspiciously luxury lifestyle despite not having a job, and who brags about a ‘business empire’ on the social media platform. The programme subsequently finds out that the individual involved had done time in a US prison on fraud charges.“Han Yip was very unlucky,” says Shamplina (left). “He had done everything correctly, from using a professional letting agent to carrying out thorough referencing.“Unfortunately, this particular fraudster had changed the spelling of his name among other tricks to slip through referencing.“Illegal sub-letting is becoming something of an epidemic in London and more needs to be done to prevent cases like these.”London is not the only city blighted by sub-letting. As we reported earlier this month, a sub-letting scandal was recently uncovered in Bristol.Nightmare Tenants Slum Landlords is set to air on Monday 17th June at 9pm. Nightmare Tenants Paul Shamplina Channel 5 June 14, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

University hosts ‘Stargazing Oxford’

first_imgFor those with an interest in astronomy, the Department of Physics is hosting ‘Stargazing Oxford’, a free public event which will take place on Saturday the 21st (2pm-10pm).The event will feature the chance to handle meteorites, telescopes to view the night sky, an inflatable planetarium, models of tomorrow’s giant telescopes, and even DIY astronomy: visitors will make their own telescopes and spectrographs out of cereal boxes and cardboard.Astrophysicists from Oxford University will also be on hand to answer questions and to give short talks on the latest research on outer space – and to take on local amateur astronomers in a battle of wits called ‘universe-ity challenge.’Dr Philip Marshall, who organised the event, is very excited to invite the public into his department and share his love of all things Space-related. He said, “we all pay taxes to fund places like Oxford University, and one of the things we get in return are: discoveries. Pure human achievement, stuff that all of us can celebrate.”With the death of a prominent Oxford physics professor last week, the event has also taken on a new significance. Marshall says the department is thinking of it “as a tribute, to our colleague and friend Steve Rawlings. He’d have loved to have been there to join in the fun, and perhaps more than any of us he knew how to think big.”last_img read more

Same Same But Different Announces Lettuce, The Floozies, Boombox, More For Inaugural Lineup

first_imgSay hello to Southern California’s newest music festival, Same Same But Different (SSBD), coming September 22nd and 23rd, 2018. This inaugural two-day music & arts festival will celebrate the end of summer in a jaw-dropping setting and feature a diverse range of multi-genre musical acts that build in energy throughout the day.On Saturday, performances from Lettuce, Boombox, Through The Roots, The Family Crest, and more will take place across the festival’s two stages. Then on Sunday, headliners The Floozies, will be joined by KNOWER, Moon Hooch, Dirtwire, Capyac, and more. Performances will alternate across the two stages allowing attendees to experience each artist on the lineup without having to choose between overlapping set-times.Same Same But Different is as much about the music and arts as it is about the location. SSBD will take place at the picturesque Lake Perris Recreational Campgrounds, located just outside of Los Angeles and San Diego. Recognized as one of Southern California’s most beautiful campgrounds, Lake Perris Campground sits above it’s namesake lake and offers a variety of water recreation including swimming, fishing (shore, pier, and boat), boating, sailing, waterskiing, and scuba diving. Attendees will also be able to explore the location’s natural wonders along dedicated hiking, biking, and equestrian trails within the park, as well as enjoy festival yoga and meditation courses. This perfect weekend getaway will even feature an art-zone where guests can participate in one-of-a-kind art classes and live art installations.Festival organizers Peter Eichar and Brad Sweet explain, “we wanted to create an intimate music festival that we would personally want to attend; something to fill the gap between huge mega-festivals Southern California is home to, and smaller niche festivals that are usually genre specific.” Eichar continues, “We know what it’s like to spend an entire paycheck on a festival weekend only to get there and be stuck in the back of a massive crowd. We want to provide an alternative to that experience without sacrificing the quality of music and the overall vibe.”To purchase tickets to Same Same But Different, please visit the event website.last_img read more

Jay Blakesberg & Alan Paul’s IGE 2018 Barcelona Diary: Sala Apolo, Everyone Orchestra, & The Music Of The Grateful Dead [Photos]

first_imgInnovative Giving Enhancement (IGE)‘s fourth-annual Music and Art Immersion Community in Barcelona, Spain, is currently underway. The yearly event brings a crew of talented musical ambassadors to foreign destinations where they cross paths with a broad range of multi-genre European artists for ten days filled with immersive international improvisation and collaboration. Lauded music photographer Jay Blakesberg and New York Times best-selling Allman Brothers biographer Alan Paul will be bringing you daily updates on the happenings of the 2018 IGE Music and Art Immersion Community via Live For Live Music. You can check out today’s entry from Barcelona below: Yesterday’s highlight of the IGE 2018 Barcelona Music and Art Immersion Community with The Music Never Stopped, a ticketed event at the large club Sala Apolo, had over 400 Barcelonans in attendance.The Everyone Orchestra, conducted by Matt Butler, opened the night with an hour-long set that featured IGE regulars Eric Krasno, Greensky Bluegrass’s Anders Beck and Paul Hoffman, Holly Bowling, and Jason Hann of the String Cheese Incident on drums. Added musicians included bassist Pete Shand of the New Mastersounds, vocalist Dirga McBroom and a special guest Barcelona horn section of Roger Mir and Pol Omedes.Butler’s Everyone Orchestra is based around everyone taking the stage with a clean slate, creating group improvisations from note one, with Butler offering directions on a whiteboard and iPad to both musicians and crowds. They played an hour-long set that wowed the crowd, ending with a call and response between band and audience.After a short changeover, the core musicians of the trip took the stage for a two-hour set of music of the Grateful Dead, marching on and off the stage in various configurations that included Grahame Lesh, Holly Bowling, Scott Law, Elliot Peck, Butler, Hann, Krasno, Hoffman, Beck and Ross James, supplemented at times by Spanish guitarist Damia Timoner. They opened with Lesh belting “Bertha” and moved through “Ramble On Rose”, “Easy Wind”, “China Cat Sunflower”, “I Know You Rider”, “Friend of the Devil”, “Cassidy”, “Brown Eyed Women”, “New Speedway Boogie”, “The Music Never Stopped”, and an all-hands-on-deck “Ripple” that became an audience sing-along.Taking it all in from the side of the stage, The New Mastersounds’ Shand smiled and shook his head. “It’s like church, isn’t it?” he asked. It was, of course, a rhetorical question.—Alan PaulYou can check out Jay Blakesberg’s photos from day six of IGE’s 2018 Barcelona Music and Art Immersion Community below. Check back tomorrow for another entry in Alan Paul and Jay Blakesberg’s IGE 2018 Barcelona Music and Art Immersion Community diary, exclusively on Live For Live Music. Load remaining imageslast_img read more

Brown wins Sacks Award for research

first_imgThe National Institute of Statistical Sciences (NISS) has presented the 2011 Jerome Sacks Award for Cross-Disciplinary Research to Emery N. Brown of MIT and Harvard. The annual award, named in honor of Jerome (Jerry) Sacks, the founding director of NISS, was established in 2000 to recognize “sustained, high-quality cross-disciplinary research involving the statistical sciences.”Brown is the Warren M. Zapol Professor of Anesthesia at Harvard Medical School and Harvard-affiliated Massachusetts General Hospital. His research focuses on the development of signal processing algorithms to characterize how the patterns of electrical discharges from neurons in the brain represent information from the outside world. Brown will receive $1,000.last_img

Harvard’s Institute of Politics announces spring fellows

first_img Read Full Story Harvard’s Institute of Politics (IOP) has announced its spring resident and visiting fellows. Resident fellows lead weekly study groups during an academic semester; visiting fellows join the institute for a shorter period and meet with students and faculty.IOP spring resident fellows include: Charlie Cook, political analyst, editor and publisher, “The Cook Political Report” and columnist, National Journal magazine; Amb. Karen Hughes, worldwide vice chair, Burson-Marsteller and under secretary of state for public diplomacy and public affairs (2005-07) and counselor to President George W. Bush (2001-02); Steve Kerrigan, Presidential Inaugural Committee chief executive officer and co-chair (2013) and chief of staff (2009) and CEO, 2012 Democratic National Convention Committee; John Murray, former deputy chief of staff to U.S. House of Representatives Majority Leader Eric Cantor and founder and president of the YG Action Fund Super PAC and the YG Network; Gov. Bev Perdue, former governor (2009-13) and lieutenant governor (2001-09) of North Carolina; and Keith Richburg, China correspondent, Beijing, China Bureau (2009-13), bureau chief, New York Bureau (2007-09) and foreign editor (2005-07) for The Washington Post.  IOP spring visiting fellows (and fellowship months) include: Gov. Jon Huntsman (April), former presidential candidate, governor of Utah (2005-09) and U.S. ambassador to China (2009-11) and Singapore (1992-93) and John King (several weeks throughout spring semester), CNN’s chief national correspondent.  Sen. Tim Wirth (April), United Nations Foundation president, undersecretary of state for global affairs (1993-98) and U.S. senator (1987-93) and U.S. representative (1975-87) from the state of Colorado, will serve as a joint visiting fellow with the IOP and Harvard Kennedy School’s Belfer Center for Science and International Affairs.last_img read more