Third Point Pushes CoStar Toward Strategic Refocus and Capital Discipline After Residential Bet Drags on Earnings
CREtech
Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. CoStar Group, the commercial real estate data and listings giant, is facing pressure from one of its largest shareholders, Third Point LLC, to refocus and initiate what it calls “meaningful self-help.” In a Q1 2025 investor letter dated April 30, Third Point CEO Daniel Loeb criticized CoStar’s recent capital allocation strategy—particula…