CoStar Group to acquire ForRent for $385M

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CoStar Group Inc. (NASDAQ: CSGP) plans to acquire ForRent, a division of Dominion Enterprises, for $350 million in cash and $35 million in its stock, the company announced Tuesday. The acquisition means Norfolk, Virginia-based ForRent — whose online sites includes ForRent.com, After55.com, CorporateHousing.com and ForRentUniversity.com — will join the Apartments.com network, which D.C.-based real estate giant Costar acquired in 2014 for $585 million. This transaction is expected to close in...

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