CoStar Group and Real Estate Forum Announce 2005 Power Broker Awards

CoStar Group and Real Estate Forum magazine, recently announced their 2005 CoStar Power Broker award winners.

Awarded to top brokerage firms and dealmakers in 46 markets across the country, the 2005 Power Brokers are comprised of an elite group of firms and brokers. Last year alone, CoStar Power Brokers conducted billions in lease and sale transactions.

Commercial real estate companies and brokers were recognized in each market based on the total square footage of 2005 office and industrial leasing and sales transactions.

Awards were based on information contained in one of CoStar’s suite of products, CoStar Property, CoStar Commercial MLS, CoStar COMPS and CoStar Tenant.

“Being named a 2005 CoStar Power Broker is a tremendous honor as CoStar is recognized as the leader in commercial real estate information,” said Paul Glickman, Executive Vice President of Cushman & Wakefield and 2005 Power Broker winner for New York City Office Leasing. “The CoStar Power Broker Award is highly coveted in the real estate industry.”

This year, in addition, the awards are co-sponsored by Real Estate Forum magazine and will be prominently showcased on GlobeSt.com and in Real Estate Forum magazine.

A complete list of award winners by market can be found at www.CoStar.com/PowerBrokers/2005/.

Demo of Parking Garage in Downtown Seattle Leads to New Four Seasons Hotel

An article at www.HotelBusiness.com this week talks about the new Four Seasons Hotel being built in downtown Seattle at the southwest corner of First Avenue and Union Street (next to Pike Place Market and across the street from the newly remodeled Seattle Art Museum).

One thing I found particularly interesting is that the project includes 149 hotel rooms on the lower levels and 30 condos on the top floors. The condos will be managed by Four Seasons Hotels and Resorts. This seems to be a very popular way for hotel developers to limit their risk these days.