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

Rhea-AI Summary

CoStar Group accepting nominations for the third annual CoStar Impact Awards

Positive

• CoStar Impact Awards recognize influential commercial real estate projects and transactions
• Winners receive customized trophy and promotion on CoStar platform

Negative

• None.

The CoStar Impact Awards Recognize Influential Commercial Real Estate Projects and Transactions Across 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 third 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 128 major markets in the United States, Canada and United Kingdom. The awards will recognize exemplary projects and transactions completed in 2023, as selected by a panel of industry professionals drawn from each respective market.

Judges panels comprised 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 are delighted to announce this year’s CoStar Impact Awards, which will acknowledge exceptional achievements made in 2023 by real estate professionals across the United States, Canada, and the United Kingdom. Since its inception in 2022, the Impact Awards program has grown exponentially, and this year we expect to see more entries than ever before from a wide pool of developers, brokers, real estate owners, architects, interior designers and others serving the commercial real estate industry,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group.

Examples of winning submissions from 2023 include: a 442,562-square-foot adaptive reuse development that transformed a former warehouse row into a food and entertainment hub in Atlanta; an $8.4 million sale and acquisition of an 85,921-square-foot shopping center to create a better retail and service center in Lexington/Fayette; an 80,000-square-foot office property with an athletic field atop a parking garage in Boston; and a $518 million sale and acquisition of 800 acres to create a massive industrial park in Toronto.

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.

For those looking to submit their work for awards consideration, CoStar Group is now accepting nominations through their US/Canada website. Nominations will be accepted through January 31, 2024.

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 twelve million 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. 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 attract nearly 100 million 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, 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/20231012091375/en/

News Media

Matthew Blocher

CoStar Group

(202) 346-6775

mblocher@costargroup.com

Source: CoStar Group

FAQ

What are the CoStar Impact Awards?

The CoStar Impact Awards recognize influential commercial real estate projects and transactions.

What do winners receive?

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

How can I submit my work for awards consideration?

You can submit your work for awards consideration through the CoStar Group's US/Canada website.

When is the deadline for nominations?

The deadline for nominations is January 31, 2024.