CoStar buys SaMo-based Westside Rentals

Its SoCal-only listings will now appear on Apartments.com

TRD LOS ANGELES /
Feb.February 06, 2017 09:30 AM
Mark Verge, founfer of Westside Rentals (Robert Lachman/Los Angeles Times via Getty Images)

Apartments.com, a division of real estate data service CoStar Group, has acquired L.A.-based Westside Rentals, the company announced Wednesday.

Westside Rentals, a subscription-only listing service for rentals in Southern California, will remain at its Santa Monica headquarters, the Los Angeles Business Journal reported. Its listings, however, will now appear on Apartments.com.

Westside, founded more than 20 years ago by Mark Verge, will also reduce its brokerage sales and leasing services and focus more on listings as part of the transition, the Santa Monica Daily Press reported.

The company had more than 85,000 members last year and has worked with 350,000 landlords, according to CoStar.
Terms of the acquisition were not disclosed. [LABJ] Hannah Miet


Related Articles

arrow_forward_ios

DTLA residential vacancy rate dips amid more luxury development

National Cheat Sheet: Amazon chooses 20 finalists for HQ2, Apple picking a new campus of its own … & more

Xceligent founders abandon plans to launch new data business

Xceligent founders are trying to launch new data business to challenge CoStar

Xceligent shuts down, files for Chapter 7: source

CoStar shelling out $385M for another rental listing website

This is why DTLA has the highest resi vacancy rate in LA County

CoStar makes big push at ICSC

arrow_forward_ios