CoStar Group Announces Winners of 2022 CoStar Impact Awards™

Rhea-AI Summary

CoStar Group (NASDAQ: CSGP) announced the winners of its inaugural CoStar Impact Awards, recognizing 46 exemplary commercial real estate transactions from 2021 across five categories: Best New Commercial Development, Best New Multifamily Development, Best Lease, Best Finance Transaction, and Best Sale/Acquisition. Selected by a panel of over 90 industry professionals, the awards highlight significant influences on neighborhoods and submarkets in 11 major U.S. markets. The company plans to expand these awards into Canada and the UK in 2023.

Positive

• Recognition of 46 exemplary commercial real estate transactions enhances company reputation.
• Expansion plans for the CoStar Impact Awards into Canada and the UK could increase brand visibility.

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• None.

Winners selected by panel of over 90 esteemed industry professionals

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 announced today the winners of its 2022 CoStar Impact Awards.

The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2021 with significant influence in neighborhoods or submarkets across 11 major U.S. markets.

In the inaugural year, 46 winners are recognized for their exemplary CRE transactions across five categories: Best New Commercial Development, Best New Multifamily Development, Best Lease, Best Finance Transaction, and Best Sale/Acquisition. The winners were determined by a panel of commercial real estate industry professionals in each market. The esteemed judges, whose market knowledge is central to this awards program, considered a variety of criteria—including size, complexity, challenges overcome, sustainability, and economic and community impact—to determine the winners.

“It’s an honor to celebrate the accomplishments of the CoStar Impact Award winners. We developed this awards program with one goal in mind, to recognize outstanding transactions and projects in the industry,” said Andrew C. Florance, Founder and Chief Executive Officer, CoStar Group. “What makes the CoStar Impact Awards program even more impactful is the panel of esteemed industry professionals in each market that are responsible for ensuring a comprehensive judging process that evaluates transactions and projects based on merit.”

CoStar Group looks forward to expanding the CoStar Impact Awards into additional markets in the United States, Canada and the United Kingdom in 2023.

To learn more about the CoStar Impact Awards and review the winners, visit CoStarImpactAwards.com.

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, www.costargroup.com, as a channel of distribution for material company information. For more information, visit www.costargroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220331005734/en/

Media:

Matthew Blocher

CoStar Group

mblocher@costar.com

202.346.6775

Source: CoStar Group, Inc.

FAQ

What are the CoStar Impact Awards?

The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in the previous year that significantly influence neighborhoods across major U.S. markets.

How many winners were selected for the CoStar Impact Awards?

A total of 46 winners were recognized in the inaugural CoStar Impact Awards.

What is the future expansion plan for the CoStar Impact Awards?

CoStar Group plans to expand the CoStar Impact Awards into additional markets in Canada and the United Kingdom in 2023.

Who determines the winners of the CoStar Impact Awards?

Winners are determined by a panel of over 90 esteemed industry professionals based on various criteria.

What categories were included in the CoStar Impact Awards?

The awards included categories such as Best New Commercial Development, Best New Multifamily Development, Best Lease, Best Finance Transaction, and Best Sale/Acquisition.