BETHESDA, Md., May 6, 2008 -- CoStar Group, Inc. (Nasdaq: CSGP ), the number one provider of information services to the commercial real estate industry, and Real Estate Forum magazine, the industry's leading news publication, are pleased to announce the winners of the 2007 CoStar Power Broker Awards(TM) recognizing the "best of the best" in commercial real estate brokerage -- the firms and individual brokers in the U.S. who closed the highest transaction volume in commercial property sales and leases in 2007.
To view the complete list of 2007 CoStar Power Broker Award winners by market, please go to http://www.costar.com/PowerBrokers/.
Now in their sixth year, CoStar Power Broker Awards are presented to the top 10 firms and individuals per market (up to the top 20 in several large 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 2007, and from transaction data supplied by the companies and brokers.
A total of 2,776 individual brokers throughout the United States are being recognized as CoStar Power Brokers in the following categories: Top Office Leasing, Top Industrial Leasing, Top Retail Leasing and Top Sales. In addition, CoStar Power Broker Awards are being presented to 1,202 individual brokerage firms in recognition of the volume of property sales and leasing transactions in office, industrial and retail properties they generated company-wide.
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 more than 800 research analysts -- comprising the largest commercial real estate research operation of its kind. Today, CoStar's U.S. database contains over 2.15 million commercial properties and the total U.S. square footage or Gross Building Area tracked and maintained by CoStar now exceeds 57 billion square feet.
CoStar's Power Broker Awards are co-sponsored by Real Estate Forum magazine. The winners will be showcased prominently in the May issue of the magazine, and in the online news outlet, www.GlobeSt.com.
About Real Estate Forum
Over the course of its 62-year history, Real Estate Forum, a publication of ALM, has evolved into the most respected name in commercial real estate business journalism. The magazine's core mission is to provide quality reporting and authoritative analysis of the issues, people and trends impacting the global property marketplace. ALM, an Incisive Media company, is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 33 national and regional magazines and newspapers. More information on ALM is available at http://www.alm.com.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq: CSGP ) is the number one provider of information 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, the company has approximately 1,300 employees, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.