CoStar Group Inc. (NASDAQ: CSGP) announced that Steve Price has joined the company as president of Ten-X, the company’s digital commercial real estate auction platform.
Price joins CoStar Group after 12 years in senior leadership roles at Auction.com, most recently as executive vice president of foreclosure auction services, the company’s largest business unit. Ten-X operated as part of Auction.com prior to CoStar Group’s acquisition of the platform in 2020. Earlier in his career, Price spent a decade at Bank of America, most recently as senior vice president of loss mitigation.
“Steve has spent his career building and scaling disposition and auction businesses, and he knows this space as well as anyone in the industry,” said Andy Florance, founder and CEO of CoStar Group. “Ten-X is an innovative digital auction platform, and brokers and sellers who use it benefit from great underwriting, strong marketing, a proven digital auction process all backed by a massive buyer audience. Ten-X is an important and valuable part of CoStar Group’s future roadmap and success. With Ten-X as a standalone brand and a dedicated leadership team focused solely on the opportunity ahead, I am highly confident in our ability to innovate, reimagine the product, grow revenue, and regain share in the online real estate auction space.”
0 Comments