BETHESDA, Md., Jan. 12, 2009 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information/marketing services to the commercial real estate industry, and "Real Estate Forum" magazine, the industry's leading news publication, are teaming up again this year to present the 2008 CoStar Power Broker Awards(tm). The awards recognize the "best of the best" in commercial real estate brokerage, spotlighting the U.S. firms and individual brokers who closed the highest transaction volume in commercial property sales and leases during the 2008 calendar year.
Complete details on submitting entries for consideration and links to CoStar Power Broker winners from previous years can be found at: www.costar.com/powerbrokers/.
The deadline for receiving Power Broker submissions is Monday, February 16th, 2009, at 12:00 p.m. (noon) EST.
Now in their seventh year, the CoStar Power Broker Awards are presented to the top firms and individual dealmakers by market (up to 20 winners in major markets) who achieved outstanding volume of property sales and leasing transactions in office, industrial and retail properties, as reflected in CoStar's database as of year-end 2008 and in transaction data supplied by the companies and brokers.
For individual brokers, CoStar Power Broker awards will be presented in the following categories: Top Office Leasing, Top Industrial Leasing, Top Retail Leasing and Top Sales. In addition, CoStar Power Broker Awards will be presented to brokerage firms that have the highest volume of property sales and leasing transactions in office, industrial and retail properties generated company-wide.
All CoStar Power Broker Award winners are based on transaction data taken from CoStar's commercial real estate database, the largest, independently researched database of commercial real estate property available online. Information in CoStar's database is verified and continuously updated by CoStar's research analysts -- comprising the largest commercial real estate research operation of its kind. CoStar's U.S. database contains more than 2.4 million commercial properties, and the total U.S. square footage or Gross Building Area tracked and maintained by CoStar exceeds 62 billion square feet.
In addition to receiving customized CoStar Power Broker award plaques, winners will be showcased on CoStar's website, as well as in a gatefold insert included in Real Estate Forum magazine, and announced on the daily news and information website, www.GlobeSt.com.
About Real Estate Forum
Real Estate Forum, a publication of Incisive Media, is America's premier commercial real estate business magazine, delivering cutting-edge real estate editorial, strategic insights and practical information. The publication covers a wide range of topics, including alternative investment vehicles, new financing structures, capital flows, and innovative approaches to development and leasing trends. Also published by Incisive Media's Real Estate Group, www.GlobeSt.com provides up-to-the-minute news as well as enriched content and services. Incisive Media is a leading global provider of specialized business news and information, in print, in person and online. The company's principal markets include financial services, legal services, commercial real estate, marketing services and risk management. More information on Incisive Media's real estate offerings is available at http://www.incisivemediarealestategroup.com.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information/marketing services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,300 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2007, and CoStar Form 10-Q for the quarter ended September 30, 2008, under the heading "Risk Factors." In addition to these statements, there can be no assurance that a broker's use of CoStar's information services will result in an increased volume of sales and leasing transactions for that broker. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.
CONTACT: CoStar Group, Inc. Media: Timothy J. Trainor, Communications Director (301) 280-7695 email@example.com