Industry & Services >> CEO Interviews >> January 3, 2003
ANDREW C. FLORANCE has been Chief Executive Officer of CoStar
Group, Inc., since 1995. He founded CoStar Group, in 1987 and
served as President and Director. Mr. Florance positioned CoStar
Group to become the leading provider of comprehensive, building-
specific information to the US commercial real estate industry.
Prior to founding the company, Mr. Florance was President of Real
Estate Infonet, a real estate public records publishing firm. Mr.
Florance held primary responsibility for developing the first
generation software products for Federal Filings, a 13-D tracking
service which was later acquired by Dow Jones. From 1989-1993,
Mr. Florance was the publisher of Cornerstone, a leading
directory to Washington area commercial real estate. From
1993-96, Mr. Florance was a co-Founder and Board member of the
industry trade association REI-NEX. Mr. Florance served on the
real estate focus group of Vice President Al Gore's National
Performance Review that developed the concepts related to the
federal government's use of real estate. In addition, the Federal
Control Board of the District of Columbia named Mr. Florance to a
task force responsible for developing the city's strategic plan
for real estate. In June 2000, Ernst & Young, LLP, presented Mr.
Florance with its Entrepreneur of the Year Award for his
pioneering work in real estate information services, and at
Realcomm2000 he received a DIGIE Award in recognition of his
impact on the commercial real estate industry. In January 2000,
National Real Estate Investor named Mr. Florance one of the '21
Stars of Tomorrow' for his work as a technological leader in the
commercial real estate industry. Also, Commercial Real Estate
Women (CREW) recognized Mr. Florance for his work in commercial
real estate information systems with its 15th anniversary award
for industry innovation. Mr. Florance is a frequent speaker and
widely published on the subject of real estate technology and
trends. He is a graduate of Princeton University with a degree in
Economics. Profile
us on what has gone on over the past year that investors should
focus on?
Mr. Florance: Last year we were talking about our
