CoStar is banking on distressed property market with $190M deal

Washington, D.C.-based commercial real estate data firm CoStar Group Inc. (Nasdaq: CSGP) is acquiring divisions of Ten-X LLC for $190 million in cash.

CoStar is picking up the information, analytics and online marketplace divisions related to commercial real estate of the California company in a bid to increase its role in the distressed commercial property market.

“Combining our complementary capabilities is expected to create significant benefits for brokers and the institutions they represent…