CoStar Group Calls for Entries Ahead of Fourth Annual CoStar Impact Awards

Rhea-AI Summary

CoStar Group (NASDAQ: CSGP) has opened nominations for its fourth annual CoStar Impact Awards, recognizing outstanding commercial real estate projects across 129 markets in the US, Canada, and UK. The awards will evaluate projects completed in 2024 across categories including Lease of the Year, Commercial Development, Multifamily Development, Redevelopment, and Sale/Acquisition. Winners will be selected by panels of industry professionals and receive trophies and promotion on CoStar's platform. Notable past winners include a sustainable logistics hub in Ottawa, a 76-story mixed-use condominium in Toronto, and a LEED-certified warehouse on Long Island. Nominations are open through January 31, 2025.

Positive

• Expansion of award program to new markets including Montréal
• Platform growth through industry recognition initiative
• Strategic marketing opportunity to strengthen market position

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• None.

The CoStar Impact Awards Recognize Influential Commercial Real Estate Projects and Transactions Across 129 Markets in the United States, Canada and the United Kingdom

WASHINGTON--(BUSINESS WIRE)-- CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, is accepting nominations for the fourth annual CoStar Impact Awards. The CoStar Impact Awards identify and highlight exemplary commercial real estate transactions and projects that have had a significant influence in neighborhoods or submarkets across 129 major markets in the United States, United Kingdom and Canada —including the recent expansion to the Montréal market. The awards will recognize exceptional projects and transactions completed in 2024, as selected by a panel of industry professionals drawn from each respective market.

Judges panels of commercial real estate industry professionals will select winners from each market based on the following categories in the United States and Canada: Lease of the Year, Commercial Development of the Year, Multifamily Development of the Year, Redevelopment of the Year and Sale/Acquisition of the Year. Influential projects that represent growth and diversification and have overcome unique challenges in their respective markets will be chosen as winners. Award winners will receive a customized trophy, as well as promotion on the CoStar platform and marketing channels.

“We’re thrilled to announce another year of CoStar’s Impact Awards, which recognize the incredible achievements made by real estate professionals across the United States, Canada and the United Kingdom in 2024. In the face of fluctuating market conditions in the commercial real estate sector, industry professionals have consistently demonstrated remarkable dedication that positively impacts the communities in which they are located. We expect this year will eclipse the record number of submissions received in 2023, and we’re looking forward to honoring the best our industry has to offer,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group.

Examples of winning submissions from 2024 include: a state-of-the-art, sustainable logistics and commercial hub in Ottawa that expertly incorporated design, mobility, sustainability and tenant diversity features; a 76-story mixed-use condominium high-rise that swiftly filled a large, vacant retail space with a transformative, high-end fitness and social experience in Toronto; the transformation of an underutilized site into a 102,000-square-foot, LEED silver certified warehouse facility on Long Island; and an anchor grocery store tenant helping to solidify Lexington, South Carolina as a retail hub.

In addition to a call for entries, CoStar Group is also searching for judges. To be considered for these roles, applicants must be a commercial real estate industry professional with deep knowledge of their respective market. If you fit these criteria and are interested in evaluating nominations, please email impactawards@costar.com by November 14, 2024.

For those looking to submit their work for awards consideration, CoStar Group is now accepting nominations through their website. For those looking to submit their work for awards consideration, CoStar Group is now accepting nominations through the website. Nominations will be accepted through January 31, 2025.

About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. 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. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241105400769/en/

News Media Contact

Matthew Blocher

CoStar Group

(202) 346-6775

mblocher@costargroup.com

Source: CoStar Group

FAQ

When is the deadline for CoStar Impact Awards 2024 nominations?

The deadline for nominations is January 31, 2025.

What categories are included in the 2024 CoStar Impact Awards (CSGP)?

The categories include Lease of the Year, Commercial Development of the Year, Multifamily Development of the Year, Redevelopment of the Year, and Sale/Acquisition of the Year.

How many markets does the CoStar Impact Awards 2024 cover?

The awards cover 129 markets across the United States, United Kingdom, and Canada.

What do CoStar Impact Awards winners receive?

Winners receive a customized trophy and promotion on the CoStar platform and marketing channels.