COGNETTI RECEIVES 2012 COSTAR POWER BROKER AWARD

Commercial Real Estate’s Leading Independent Information Provider Recognizes Top Leasing and Sales Brokers in the Industry


CoStar Power Broker - Top Broker Award

Scranton, PA  – 3/4/13Hinerfeld Commercial Real Estate is pleased to announce that President  John T. Cognetti has been named a 2012 CoStar Power Broker by CoStar Group, Inc. (NASDAQ: CSGP), commercial real estate’s leading internet provider of information, analytics and marketing services. This annual award recognizes distinguished professionals in commercial real estate brokerage by highlighting the achievements of the U.S. firms and individual brokers who closed the highest transaction volumes in commercial property sales or leases in 2012 in their respective markets.

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 throughout the U.S. All awards are based on transaction data maintained in CoStar’s commercial real estate database, which is the largest independently researched database of commercial real estate property information available online.

Cognetti qualified as one of the top commercial brokers in Philadelphia based on the total overall Leasing Office transaction volume for 2012 transactions he closed during the year. In order to be selected for this honor, Cognetti was evaluated against other commercial real estate brokers active in the region by CoStar Group, and subsequently ranked among the top brokers in the market.

“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 John Cognettion his hard-earned achievement.”

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

About John

Mr. Cognetti is the President of Hinerfeld Commercial Real Estate based in Northeastern Pennsylvania.

He is a member of the Society of Industrial and Office Realtors (SIOR) and a Certified Commercial Investment Member (CCIM) of the Commercial Investment Real Estate Institute.

Through his active engagement with economic development, he is current with the regional economic climate, as well as with office and industrial properties and developments throughout the greater Scranton, Wilkes-Barre, Pocono Mountains and Hazleton, market.

 

FOR MORE INFORMATION, PLEASE CONTACT:

Office:570-207-4100              Email: jcognetti@hinerfeldcommercial.com

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.

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Footer 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.