CoStar News was recognized in the largest real estate journalism contest in the United States with three awards, including silver medals for economic analysis and international reporting as well as a bronze medal for breaking news.
The awards from the National Association of Real Estate Editors were announced at the organization’s annual conference in Las Vegas. The winners for work published in 2022 were selected by an outside panel of judges in a competition that included prominent national news organizations such as the New York Times, the Wall Street Journal, Bloomberg News and the Washington Post.
CoStar reporter Randyl Drummer won in the economic analysis category for an examination of the fallout of the fast growth of Phoenix, “As Phoenix’s Population Rises, Developers Race to Keep Up.”
The judges said: “Drummer provides a compelling analysis of the causes and effects of Phoenix’s recent explosive population growth, as people and companies have flocked there from high-cost states such as California. The numbers are compelling (23% rent growth; warehouses growing by 32 million square feet), and Drummer makes good use of them without overwhelming the reader. He provides a variety of perspectives, from downtown office developers and manufacturers to environmental experts worried about the expanding urban heat island. Stunning photos enhance the piece.”
CoStar Managing Editor Paul Norman, based in London, won a silver medal for international reporting for “London’s Game-Changing Rail Line Is Late – But Has Perfect Timing.”
The judges said: “This story about the pricey, long-delayed Elizabeth line looks beyond just the London Tube and raises an important societal question. Is massive investment in infrastructure like public transportation worth it? This piece makes a compelling case for saying “yes.” Developers build by stations along the new line, and buyers pay good money for a home near a train. Like all good pieces, this one provides a takeaway and food for thought.”
CoStar reporter Ryan Ori won a bronze medal for “Google in Talks to Buy Chicago’s Thompson Center.” Ori, based in Chicago, broke the news that one of the most distinctive buildings in the city was getting sold, providing one of the most talked-about stories in the city that summer. Ori used his network of sources from his years of reporting to break the news on a deal that was quickly followed by other media outlets.
CoStar News is an international news organization that specializes in the coverage of commercial real estate in the United States, Canada and the United Kingdom. CoStar News is published by CoStar Group, the largest provider of commercial real estate information.