CoStar Power Broker Award

KW COMMERCIAL-THE JAMES BALLIET COMMERCIAL GROUP HONORED WITH 2012 COSTAR POWER BROKER TOP FIRM AWARD 

Allentown, PA– March 8, 2013 KW Commercial-The James Balliet Commercial Group has been selected by CoStar Group, Inc. (NASDAQ: CSGP), commercial real estate’s leading internet provider of information, analytics and marketing services, to receive the 2012 CoStar Power Broker Top Firm Award . This annual award recognizes the “best of the best” in commercial real estate brokerage by highlighting the top U.S. commercial real estate firms and individual brokers who closed the highest transaction volumes in commercial property sales and leases in their respective markets.

KW Commercial-The James Balliet Commercial Group qualified as one of the top commercial brokerage firms in the Philadelphia, PA market based on total transaction volume closed in 2012. In order to be selected for this honor, KW Commercial-The James Balliet Commercial Group was evaluated against other commercial real estate brokerage firms active in the Philadelphia, PA region by CoStar Group, and subsequently ranked among the top firms in the market in 2012.  They were also honored by CoStar Group in both 2010 and 2011.

KW Commercial-The James Balliet Commercial Group  closed deals in 2012 included multiple transactions with outstanding companies such as Family Dollar Stores,  Sign-A- Rama, Christopher and Banks/ CJ Banks, Plato’s Closet, Pizza Hut, Papa John’s Pizza, St. Luke’s Health Network, Bayada Pediatrics, University of Pittsburgh, Citizens Bank, Bank of America,  Muscle Maker Grill, Sleepy’s-The Mattress Professionals, Primo Hoagies, Liberty Tax Services, The U.S. Government and many more national, regional and local Tenants.

The Group’s largest 2012 transaction was the sale of Dorneyville Shopping Center in Allentown, PA for $16,000,000.00.

“We are certainly honored to be mentioned and listed in the same breath as some of the regions and nation’s largest, strongest, most productive real estate firms” states James Balliet, President of KW Commercial-The James Balliet Commercial Group.

“CoStar is proud to honor the firms and brokers who perform at the industry’s highest level each year,” said CoStar Group CEO Andrew C. Florance. “These industry leaders deserve to be recognized for their hard work, expertise and superior deal-making abilities. We extend our congratulations to James Balliet and his company on this outstanding achievement in 2012”

The complete list of 2012 CoStar Power Broker Awards winners can be found at www.CoStarPowerBrokers.com.

 

About KW Commercial-The James Balliet Commercial Group

KW Commercial-The James Balliet Commercial Group is a full service commercial real estate company based in Allentown, PA serving the Lehigh Valley, Eastern Pennsylvania and select counties of New Jersey.

www.TheCommercialPropertyGroup.com

Address:   40 S. Cedar Crest Boulevard-Allentown, PA 18104

About CoStar Group, Inc.

CoStar Group (NASDAQ: CSGP) is commercial real estate’s leading provider of information, analytics and marketing services. 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 6.7 million registered members. CoStar operates websites that have over 10 million unique monthly visitors in aggregate. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe including the industry’s largest professional research organization. For more information, visit 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 based upon current beliefs 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, 2012, under the heading “Risk Factors.” All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements, whether as a result of new information, future events or otherwise.