Data giant CoStar Group Inc. is close to buying the commercial real estate division of Ten-X LLC for $190 million in a deal designed to increase CoStar’s role in the huge distressed commercial-property market that the coronavirus pandemic is expected to fuel, according to people familiar with the matter.

The all-cash deal could be announced later Wednesday, the people said. Negotiations have taken place in recent weeks, having begun after lockdowns swept the U.S. because of the pandemic, the people said.

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