Winning commercial real estate projects and transactions were selected by a panel of more than 630 esteemed industry professionals across 129 international markets
CoStar 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.
Now 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.
The 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.
"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."
Winning 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 the largest downtown office transaction in nearly two years, signaling owner confidence in the market's recovery and underscoring the building's intrinsic value.
Another notable entry from this year was Three Sisters Mountain Village, a master-planned, 800-acre development in the Calgary market, recognized as a Commercial Development of the Year winner. Positioned as the gateway to Banff National Park, Three Sisters Mountain Village seamlessly blends residential, commercial and recreational uses to the natural environment. Despite complex environmental regulations, legislative requirements and stakeholder concerns, Three Sisters Mountain Village prioritizes environmental preservation, community wellness, and long-term economic stability, setting a benchmark for future developments.
To learn more about the CoStar Impact Awards and review the winners, visit CoStarImpactAwards.com.
About CoStar Group, Inc.
CoStar Group (NASDAQ:CSGP) is a global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group's major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group's industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group's websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
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Media Contact
Matthew Blocher
CoStar Group
(202) 346-6775
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