CoStar Acquires Ten-X in $190 Million Deal

Data giant CoStar Group Inc. CSGP -3.42% is buying the commercial real estate division of Ten-X LLC for $190 million in a deal designed to increase CoStar’s role in the huge distressed commercial-property market that the coronavirus pandemic is expected to fuel, CoStar announced Wednesday evening. “We believe that the volume of distressed properties coming to market will surge,” said Andrew Florance, CoStar’s chief executive.