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D C growth equity firm Updata Partners has raised nearly $600M for a fund
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FTC Clears CoStar Group to Close Acquisition of Homesnap
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12/17/20
CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced today that the Federal Trade Commission (FTC) has cleared its
acquisition of Homesnap, Inc., an industry-leading provider of technology solutions to the real estate industry. CoStar and Homesnap submitted the proposed merger for FTC review in late November 2020.
“Adding Homesnap to CoStar Group’s network provides significant complementary value to our existing arsenal of broker and agent-centric tools, directly benefiting the entire industry,” said CoStar Group founder and CEO
Andy Florance. “We share a common goal of strengthening connections that drive the real estate industry forward and are excited that regulatory review was completed so rapidly, allowing us to close this transaction quickly.”
San Francisco Chronicle – November 24
Vallejo modular housing startup Factory OS has raised $55 million from Google and Facebook, the software firm Autodesk, Citigroup, Morgan Stanley, and asset manager Lafayette Square Holding. The money will enable Factory OS to increase production at its second Mare Island factory and expand to Los Angeles, the company said. Factory OS cuts the cost of housing construction by pre-assembling “modules” of apartment buildings and shipping them to project sites. Factory OS raised $22.7 million last year. The company, which has completed almost 1,000 housing units in Northern California, said its costs are 20% to 40% lower than those of traditional construction.