Virginia
CoStar Close to Moving Headquarters from DC to Northern Virginia
Real estate data giant CoStar Group is poised to relocate its headquarters from downtown D.C. to Rosslyn, Virginia, consolidating its presence in the commonwealth.
CoStar is nearing a deal to acquire the Central Place office tower in Arlington from JBG Smith Properties Inc., the Washington Business Journal reported.
Virginia’s State Corporation Commission recently accepted an application from CoStar to amend the name of a CoStar entity, signaling its intentions to establish a new headquarters.
CoStar and JBG Smith declined to comment.
CoStar’s expected move underscores a trend of companies shifting operations from D.C. to neighboring Virginia. Monumental Sports & Entertainment is considering relocating to Alexandria, and Fannie Mae plans to shorten its lease at Midtown Center by five years, potentially moving its headquarters to Reston.
CoStar initially relocated its headquarters from Bethesda to D.C. in 2010, enticed by a $6.1 million tax abatement over 10 years from the District. However, the company has significantly expanded its presence in Virginia over time, investing hundreds of millions of dollars into its Richmond-area operations and promising thousands of jobs.
The company, known for aggressive acquisitions including Loopnet, Apartments.com, and Homes.com, reported $2.18 billion in revenue in 2022.
The Central Place office tower, part of a mixed-use development by JBG Smith, offers prime real estate with its proximity to the Rosslyn Metro station.
Last year, traffic to CoStar’s Homes.com hit 84 million average monthly unique visitors. That was enough to surpass Realtor.com as the second-most trafficked residential platform after moving past Redfin at the beginning of the year.
The company has also backed ventures such as “Battle of the Bids,” a fantasy-football-style contest where players make guesses on what commercial properties will sell for at an auction.
CoStar and JBG Smith are set to report fourth-quarter earnings on Feb. 20.
Virginia
Virginia Supreme Court voids voter-approved redistricting referendum
On May 8, the Virginia Supreme Court ruled that the General Assembly violated the state constitution when it tried to redraw congressional districts, nullifying the results of the April election in which Virginians narrowly approved redistricting.
Electoral maps are usually redrawn once every 10 years, but multiple states began redrawing them early after President Donald Trump urged Republicans to redraw district lines to ensure more favorable results for the party in the November 2026 elections.
This started a nationwide political battle for control of the U.S. House of Representatives. Texas was the first of several states to redraw districts favoring Republicans, and Virginia Democrats had proposed a constitutional amendment to allow redistricting in order to favor Democrats.
As of May 8, Republicans had initiated redistricting efforts in eight states; Democrats had led redistricting efforts in three states, including Virginia, the Washington Post reported.
In April, Virginia voters supported the redistricting amendment with 51.7% voting for it out of more than 3 million ballots cast. It could have given Democrats up to four extra seats in the U.S. House, according to the Washington Post (subscription required).
But the Virginia Supreme Court, in a 4-3 ruling, found that there were procedural errors in how the Democratic legislature handled the process, nullifying the election results.
The Virginia Constitution says that proposed constitutional amendments must pass in the General Assembly twice before the public can vote on them: once before an election of the House of Delegates, and again after an election. According to the Virginia Supreme Court majority opinion written by Justice D. Arthur Kelsey, early voting for the general election had already been open for six weeks when the General Assembly cast its first vote on the amendment in October 2025, with more than 1.3 million voters having already cast their ballots.
“This violation irreparably undermines the integrity of the resulting referendum vote and renders it null and void,” the court majority opinion stated.
The court’s ruling means the state reverts to the old district maps adopted in 2021. Based on those maps, Virginia voters elected six Democrats and five Republicans to the U.S. House.
Following the court’s ruling, some Virginia Democrats who planned to run for the U.S. House told the New York Times that they have to abandon their campaigns, while others, such as Tom Perriello who is running for the 5th District, face much more difficult campaigns.
Virginia Democrats on Friday asked the court to pause the nullification of the referendum results while they prepare their appeal to the U.S. Supreme Court, according to VPM.
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