- Listing Exposure Options Expand for LoopNet Members -
SAN FRANCISCO, May 9 /PRNewswire-FirstCall/ -- LoopNet, Inc. (NASDAQ:LOOP), which operates the largest commercial real estate marketplace online, announced today that the company has signed a listing distribution agreement with The Wall Street Journal's RealEstateJournal.com. LoopNet will deliver for sale commercial property listings across all U.S. geographies to RealEstateJournal.com, further extending the exposure that LoopNet members can receive for their available for sale property listings.
RealEstateJournal.com is the premier online real estate destination for commercial and residential real estate operated by The Wall Street Journal Online, the subscription news site on the Web.
"We are very excited about our relationship with The Wall Street Journal's RealEstateJournal.com and how it complements our existing distribution relationships with American City Business Journals and GlobeSt.com. We are most excited about how this opportunity aligns with the needs of LoopNet members and corporate clients," said Thomas Byrne, LoopNet's Chief Marketing Officer. "Our clients who are actively marketing commercial properties for sale are looking for every opportunity to extend the exposure for their property listings. As part of this agreement, LoopNet members can now leverage the reach of The Wall Street Journal's online audience to expose their LoopNet listings to an even broader universe of commercial real estate investors." The LoopNet marketplace, available at http://www.loopnet.com/, is the most heavily trafficked commercial real estate website with 1.2 million unique visitors during April 2007, according to comScore. The LoopNet marketplace covers all commercial property categories, including office, industrial, retail, multifamily, hotel, land, specialty properties, and businesses for sale.
About LoopNet LoopNet, Inc. is the leading online marketplace for commercial real estate and businesses for sale in the United States. Our online marketplace enables commercial real estate agents, working on behalf of property owners and landlords, to list properties for sale or for lease by submitting detailed property listing information in order to find a buyer or tenant. Commercial real estate brokers, agents, buyers and tenants use the LoopNet online marketplace to search for available property listings that meet their commercial real estate criteria. By connecting the sources of commercial real estate supply and demand in an efficient manner, LoopNet enables commercial real estate participants to initiate and complete more transactions more cost-effectively than through other means. LoopNet also delivers technology and information services to commercial real estate organizations to manage their online listing presence and optimize property marketing.
LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including CB Richard Ellis, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, The CORE Network, Cushman & Wakefield, First Industrial Realty Trust, Grubb & Ellis, Lincoln Property Company, Marcus & Millichap, NAI Global, Prudential, RE/MAX, Sperry Van Ness, The Staubach Company and TCN Worldwide.
LoopNet also owns and operates BizBuySell.com, the largest and most heavily trafficked online exchange for businesses for sale in North America, with more business listings, users and search activity than any other website. BizBuySell also has the largest database of sale comparables for recently sold businesses.
This release contains forward-looking statements regarding our online commercial marketplace, our customers, the continuing adoption of the Internet to market and search for commercial real estate and the value we provide to our members. These statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to, economic events or trends in the commercial real estate market or in general, our ability to continue to attract new registered members, convert them into Premium Members and retain such Premium Members, our ability to receive timely and accurate sales data from our partners, seasonality, our ability to manage our growth, our ability to introduce new or upgraded products or services and customer acceptance of such services, our ability to obtain or retain listings from commercial real estate brokers, agents and property owners, and competition from current or future companies. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in our filings with the Securities and Exchange Commission ("SEC"). Copies of filings made by us with the SEC are available on the SEC's website or at http://investor.loopnet.com/sec.cfm. LoopNet does not intend to update the forward-looking statements included in this press release that are based on information available to us as of the date of this release. DATASOURCE: LoopNet, Inc.
CONTACT: Cary Brazeman, +1-310-205-3590, , for LoopNet, Inc. |