Strome Business Minute With Dr. Jeff Tanner

CoStar, the Richmond-based company with brands like Apartments.com, is both a platform for buyers to find properties and a data company. In fact, data is really the company’s bread and butter. The NASDAQ listed company employs about one thousand analysts in Richmond. They just announced plans to buy STR, a hotel data analytics company that provides reports monthly on the hotel industry to over one million subscribers. STR is located in Hendersonville Tennessee and employs three hundred seventy people in fifteen countries. It’s too early to know how many jobs will be relocated to Richmond. While the stock is off its high of six forty at about five fifty, it is still up over fifty percent for the year.