WASHINGTON–(BUSINESS WIRE)–CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets today proudly announced the appointment of David Mele as the new President of LoopNet.
LoopNet is the most heavily trafficked mobile and online commercial real estate marketplace, connecting tenants and investors to commercial real estate available for sale and lease. As President, Mele will be responsible for the overall business strategy, sales, product management, marketing and extending LoopNet’s success internationally.
“Over the past several years, LoopNet has grown into the largest commercial real estate marketplace in the world, and we’re excited to bring on David Mele to oversee the company during these times of staggering growth,” said Andrew Florance, Founder and Chief Executive Officer, CoStar Group. “With decades of experience, David has a proven track record of building and growing successful online marketplaces and we are confident that he will take LoopNet to the next level.”
David Mele joined CoStar Group in May 2021 as part of the Homes.com acquisition where he successfully served as President of Homes.com since 2014. As President, Mele played an integral part of the company’s acquisition by CoStar Group in May 2021.
Prior to joining Homes.com, David served as publisher of The Virginian-Pilot, the largest daily metro newspaper in Virginia, and president of Pilot Media, a diversified media company based in Norfolk, Virginia. He also served as general manager of Pilot Interactive, where he was responsible for online and digital operations including PilotOnline.com, HamptonRoads.com, online vertical marketplaces for homes, jobs, and autos, and a digital services division that delivered search engine marketing, social media and web development solutions. Mele began his career with Accenture, a global management consulting and technology services company, where he worked with a number of Fortune 100 companies on new product development and innovation.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. Realla is the UK’s most comprehensive commercial property digital marketplace. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information.
