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Andrew C. 'Andy' Florance is an American businessman and visionary leader, best known as the founder and Chief Executive Officer of CoStar Group. He founded the company in his dorm room in 1987 with the goal of revolutionizing the commercial real estate industry by creating a centralized, comprehensive database of information. Under his leadership, CoStar Group has grown into a global powerhouse and a leading provider of online real estate marketplaces, information, and analytics in both the commercial and residential property sectors. Florance has steered the company through numerous strategic acquisitions, including industry giants like LoopNet, Apartments.com, and Homes.com, fundamentally transforming how professionals and consumers search for, analyze, and transact property.
Andy Florance's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Founded CoStar in 1987 and scaled it into a multi-billion dollar, publicly traded company (NASDAQ: CSGP) and a member of the S&P 500 index.
Awarded the Ernst & Young Entrepreneur of the Year for the Mid-Atlantic region, recognizing his extraordinary success in innovation, financial performance, and personal commitment to his business and community.
Successfully orchestrated CoStar's aggressive expansion into the residential market through the acquisitions and growth of platforms like Apartments.com and Homes.com, challenging established market leaders.
Widely recognized as a pioneer who digitized the commercial real estate industry, shifting it from fragmented, paper-based information to a transparent, data-driven digital marketplace.
Princeton University - Year 1982
Virginia Commonwealth University - Year 2019
Harvard Business School - Year 1999
Massachusetts Institute of Technology - Year 1997
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CoStar Group is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. The company's suite of online services enables clients to analyze, interpret, and gain unmatched insight into commercial property values, market conditions, and current availabilities. Its portfolio of brands includes CoStar, LoopNet, Apartments.com, STR, Ten-X, and Homes.com, serving a wide range of professionals including brokers, property managers, owners, and lenders.
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