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CoStar Close to Moving Headquarters from DC to Northern Virginia

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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.

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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.

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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.



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Virginia

Del. Dan Helmer on Virginia redistricting and congressional run

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Del. Dan Helmer on Virginia redistricting and congressional run


Virginia Delegate Dan Helmer led fellow Democrats to major gains in November’s election. Now he’s turning his attention to the redistricting of the Commonwealth, and a run in the newly proposed 7th district. He joins Sydney Persing on The Final 5 to discuss. 



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Man shot, killed by Virginia trooper ID’d after crash ends in deadly stabbing attack

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Man shot, killed by Virginia trooper ID’d after crash ends in deadly stabbing attack


Virginia State Police have identified the man who was shot and killed by a trooper after a crash ended in a stabbing attack on Interstate 495 Sunday afternoon.

Jared Llamado, 32, of McLean, died at the hospital on Sunday after he was shot.

RELATED | 2 dead, dog killed after stabbing spree, trooper shooting on I-495 in Fairfax County

Investigators said Llamado was confronted by the trooper who opened fire around 1:17 p.m. The trooper was responding to a report of a road rage incident and found Llamado with a knife, according to a news release.

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Four stabbing victims, all women, were also found at the scene, along with a dog that was also stabbed.

Michelle Adams, 39, died from her injuries. The dog also did not survive. The three other women were all taken to the hospital with serious injuries, according to VSP. 7News is not identifying the surviving victims.

Investigators said the stabbings stemmed from a crash in the southbound lanes of I-495.

The trooper who opened fire was not hurt and is on leave pending the outcome of the investigation into the use of force.

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Investigators said they do not believe the attack is connected to terrorism.



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Two dead after I-495 road rage incident leads to stabbing, Virginia State Police shooting – WTOP News

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Two dead after I-495 road rage incident leads to stabbing, Virginia State Police shooting – WTOP News


A road rage incident led to a shooting involving the Virginia State Police on Sunday on Interstate 495. Four individuals were also stabbed.

Two people are dead Sunday in Annandale, Virginia, after a road rage incident led to a shooting involving Virginia State Police on Interstate 495.

A release issued by the Virginia State Police said a trooper fatally shot a man after responding to a report of a road rage incident on the southbound lanes of I-495 just before 1:30 p.m. at exit 52, near the Little River Turnpike.

The man, transferred to a hospital with serious injuries, has been pronounced dead. VSP said the trooper shot in self-defense after the man confronted him with a knife.

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The trooper did not suffer any injuries during the altercation.

Officials found four stabbing victims at the scene, but only identified a 39-year-old woman and a dog. Both the woman and the dog died.

Early findings suggest the stabbings took place after a crash on the Capital Beltway. The crash remains under investigation.

The VSP’s release comes after the main lanes of the Capital Beltway Outer Loop, before Little River Turnpike, were closed to traffic for several hours, only recently opening the express lanes. Main lanes between Arlington Boulevard and the Little River Turnpike remain closed.

Stay with WTOP for the latest developments.

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