WASHINGTON–(BUSINESS WIRE)–CoStar Group, the leading provider of commercial real estate
information, analytics and online marketplaces, is pleased to announce
the hire of Michael Desmarais to serve as the company’s Chief Human
Resources Officer. In this role, Mr. Desmarais is expected to be a
valuable executive team member and a trusted advisor to the CEO and
other senior leadership. He will be tasked with building and growing a
top performing team and with ensuring CoStar has an engaged workforce
and a dynamic, collaborative, performance driven culture that evolves as
the company continues to grow.
“Developing the next generation of CoStar Group’s industry leading team
of researchers, experts and innovators is a top priority for us,” said
Founder and CEO Andrew Florance. “Michael’s expertise and leadership in
human resources, finance, and strategy is expected to play a crucial
role in the continued growth and success of our organization.”
With more than twenty years of experience in human resources and
financial services, Mr. Desmarais boasts an impressive track record of
talent acquisition, talent management and operational efficiency. As
part of the human resources team at Goldman Sachs for more than 17
years, Mr. Desmarais has led large global teams and worked with the most
senior executives on key strategic, transformational initiatives. Most
recently, Mr. Desmarais served as Head of Human Resources for
Engineering and Co-Head of Global Business Partners.
Named to Fortune Magazine’s top 100 fastest growing companies in
the world in 2018, CoStar Group maintains the largest, centralized
database of commercial real estate information available. Delivering
comprehensive market coverage of accurate and standardized commercial
real estate information, CoStar’s research contributes to arguably the
most important segment of the economy, ultimately helping businesses
open offices, stores, warehouses and manufacturing facilities.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial
real estate information, analytics and online marketplaces. Founded in
1987, CoStar conducts expansive, ongoing research to produce and
maintain the largest and most comprehensive database of commercial real
estate information. Our suite of online services enables clients to
analyze, interpret and gain unmatched insight on commercial property
values, market conditions and current availabilities. LoopNet is the
most heavily trafficked commercial real estate marketplace online with
nearly 6 million monthly unique visitors per month. Realla is the UK’s
most comprehensive commercial property digital marketplace.
Apartments.com, ApartmentFinder.com, ForRent.com,
ApartmentHomeLiving.com, Westside Rentals, AFTER55.com,
CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form
the premier online apartment resource for renters seeking great
apartment homes and provide property managers and owners a proven
platform for marketing their properties. CoStar Group’s websites
attracted an average of over 49 million unique monthly visitors in
aggregate in the first quarter of 2019. Headquartered in Washington, DC,
CoStar maintains offices throughout the U.S. and in Europe and Canada
with a staff of over 3,700 worldwide, including the industry’s largest
professional research organization.
For more information, visit www.costargroup.com.
This news release includes “forward-looking statements” including,
without limitation, statements regarding CoStar’s expectations, beliefs,
intentions or strategies regarding the future. These statements are
based upon current beliefs and are subject to many risks and
uncertainties that could cause actual results to differ materially from
these statements, including the possibility that Desmarais and the
Company are unable to achieve the goals or produce the results set forth
in this release, including expected growth and success of the team and
organization, as well as cultural evolution as the organization grows.
More information about potential factors that could cause results to
differ materially from those anticipated in the forward-looking
statements include, but are not limited to, those stated in CoStar’s
filings from time to time with the Securities and Exchange Commission,
including in CoStar’s Annual Report on Form 10-K for the year ended
December 31, 2018, and CoStar’s Quarterly Report on Form 10-Q for the
quarter ended March 31, 2019, each of which is filed with the SEC,
including in the “Risk Factors” section of those filings, as well as
CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov).
All forward-looking statements are based on information available to
CoStar on the date hereof, and CoStar assumes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contacts
Media Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
[email protected]
