Cushman & Wakefield CEO Warns CoStar After Ten-X Buy: 'The Industry At Some Point Will Respond

Cushman & Wakefield CEO Brett White, speaking Wednesday on Walker & Dunlop's Walker Webcast, expressed concerns that CoStar is positioning itself as a competitor to its largest clients, and he said he expects brokerages will consider an alternative to the data giant. CoStar founder and CEO Andy Florance responded Thursday in an interview with Bisnow, saying his company doesn't intend to compete with brokerage firms.