Real estate company CoStar bolts Washington, D.C., for Virginia
ABC News
Real estate data firm CoStar Group is moving its headquarters from Washington, D
ARLINGTON, Va. -- Real estate data firm CoStar Group is moving its headquarters from Washington, D.C., to northern Virginia, a move that will bring roughly 650 jobs to the state.
The company, which operates the apartments.com and homes.com websites, said Tuesday that it expects to move to the Rosslyn section of Arlington County, just across the Potomac River from the nation's capital, by the end of the year.
The relocation is expected to result in 500 jobs moving from D.C., plus the creation of 150 new jobs.
Virginia is providing $4.75 million in economic incentives to lure the company. The move comes as the Legislature is considering a $2 billion deal to relocate the NBA's Washington Wizards and NHL's Washington Capitals from their home in downtown to Washington to northern Virginia.
Critics of the sports team deal have questioned the wisdom of poaching business from the region's economic core to the suburbs.
