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CoStar Shifts Strategy With Job Relocations, Sales Focus And Researcher Layoffs

Written by CRETech | Jul 25, 2019 12:33:39 PM

CoStar Group, the commercial real estate data leader that has more than doubled its market value in the last two years, just unveiled a major shift in its research and sales efforts.

The D.C.-based company is relocating 145 positions from D.C., Atlanta and other East Coast offices to Richmond, Virginia, CEO Andy Florance said on CoStar's earnings call Tuesday.