Business
CoStar Group Announces Winners of Fourth Annual CoStar Impact Awards
Winning commercial real estate projects and transactions were selected by a panel of more than 630 esteemed industry professionals across 129 international
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[{"type":"text","content":"\nWinning commercial real estate projects and transactions were selected by a panel of more than 630 esteemed industry professionals across 129 international markets\n\n ARLINGTON, Va.--(BUSINESS WIRE)--\nCoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the winners of the 2025 CoStar Impact Awards.\n\nNow in its fourth year, the CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2024 that significantly influenced neighborhoods or submarkets across 129 major international markets in the United States, Canada and the United Kingdom.\n\nThe awards honored nearly 350 winners across the following categories: Lease of the Year, Commercial Development of the Year, Multifamily Development of the Year, Redevelopment of the Year, and Sale/Acquisition of the Year. Winning transactions and projects – chosen for their impact on the vibrancy, economic activity, growth, diversification and innovation of their markets – were selected from a panel of more than 630 industry professionals drawn from each respective market.\n\n“Each year, the CoStar Impact Awards celebrate commercial real estate professionals that are introducing innovative and transformative projects and transactions in the industry,” said Lisa Ruggles, Senior Vice President, Global Operations at CoStar Group. “We received an incredible number of submissions this year and enlisted a diverse panel of judges across each market to identify the most impactful projects shaping the commercial real estate landscape. Congratulations to all the winners for their efforts to transform the industry and the communities they serve.”\n\nWinning entries for this year included 333 West Wacker, which was named the winner of the Sale/Acquisition of the Year category in the Chicago market. At 36 stories, the Class A office building stands as a beacon of Chicago’s architectural and commercial vitality. Despite the challenges facing downtown office markets, 333 West Wacker has maintained its position as a premier property, with its anchor tenant Nuveen committing to a long-term lease renewal and a nearly $36 million renovation to the building’s lobby and amenity spaces wrapping this year. The recent sale to Beacon Capital Partners represents th...