April 28, 2011
CoStar Group, Inc. (NASDAQ:CSGP) announced Wednesday that it has entered into an agreement to acquire LoopNet, Inc. (NASDAQ: LOOP), the leading online commercial real estate marketplace, in a transaction valued at approximately $860 million. CoStar said it believes the combined company will be the premier online resource for researching, analyzing, and marketing commercial real estate properties, and the combination of the two companies’ complementary…
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April 28, 2011
The world’s two largest commercial real estate service providers once again reported strong revenues and earnings in the first quarter of 2010, with worldwide improvement in market conditions reflected in stepped-up activity in outsourcing, leasing and investment sales. Year-over-year sales and leasing activity in the Americas drove overall revenue growth for CB Richard Ellis Group Inc. (NYSE: CBG) and Jones Lang LaSalle Inc. (NYSE: JLL) in the…
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