WASHINGTON, March 31, 2015 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, is pleased to announce this year's recipients of the 2014 CoStar Power Broker™ Awards, recognizing those professionals who perform at the highest levels in commercial real estate brokerage.
With the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market. Every year, CoStar's research team verifies and records the commercial real estate sales and lease transactions that closed during the previous year. From that information, CoStar presents the CoStar Power Broker Awards to a select number of brokerage firms and individual brokers that closed the highest overall transaction volumes in commercial property sales and leases in each market.
"Every year we are honored to recognize those individual brokers and firms who have outperformed their peers," said CoStar Group founder and CEO Andrew C. Florance. "These industry leaders have demonstrated exceptional sales and leasing success, and we congratulate them on their achievement."
Among the winners are national real estate powerhouses such as CBRE, JLL, Cushman & Wakefield, DTZ, Newmark Grubb Knight Frank, Avison Young and Colliers International, and also hundreds of other top brokers and firms in over 90 markets across the United States and Toronto, Canada. A complete list of CoStar Power Broker Award winners by market can be found at CoStarPowerBrokers.com.
All CoStar Power Broker Awards are based on transaction data in CoStar's commercial real estate database, which is the largest, independently researched database of commercial real estate property information available online. CoStar's database contains more than 4.2 million commercial properties, and the total square footage of gross building area tracked and maintained by CoStar exceeds 95 billion square feet.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq:CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. 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. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 9 million registered members. Apartments.com is a premier online apartment resource for renters that matches apartment seekers with great apartment homes and provides property managers and owners a proven platform for marketing their properties. CoStar operates websites that have over 19 million unique monthly visitors in aggregate during January 2015. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S., in Europe and in Toronto, Canada with a staff of over 2,400 worldwide, including the industry's largest professional research organization. For more information, visit www.costargroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's plans, objectives, expectations, beliefs, intentions or strategies regarding the future. These statements are based upon the current beliefs and expectations of management of CoStar and 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 Annual Report on Form 10-K for the year ended December 31, 2014, under the heading "Risk Factors," as well as the company's other filings with the SEC available at the SEC's website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Source:CoStar Group, Inc.