- The Most Heavily Trafficked Commercial Real Estate Website with 998,000 Unique Monthly Visitors in 2008 -
SAN FRANCISCO, March 19 /PRNewswire-FirstCall/ -- LoopNet, Inc. , which operates the largest online commercial real estate marketplace, today announced that earlier this week it surpassed more than $500 billion of properties available for sale and that it has surpassed 2.75 million registered members.
"LoopNet is the leading online commercial property marketing platform. Our primary measure of success is the results that we deliver to our clients and we hear regularly from them that no other online listing platform comes close," said Thomas Byrne, LoopNet's President and Chief Operating Officer. "LoopNet's 'Put Clients First' philosophy has allowed us to become a trusted partner of some of the largest commercial brokerage firms in the world and we believe it will allow us to continue to clearly distinguish LoopNet from other firms."
Highlighted below are some of the key metrics and usage statistics of LoopNet.com:
#1 in Members
-- Registered Members -- more than 2.75 million registered members
-- Opt-In Emails Recipients -- 800,000 opt-in subscribers to weekly
LoopNews
-- Premium Members -- 88,340 Premium Members at year-end 2007
#1 in Website Traffic
-- Unique Monthly Visitors -- 998,000 average unique monthly visitors
during January and February, 2008 (according to comScore Media Metrix)
-- Profile Views -- more than 35 million profile views of listings (during
fourth quarter 2007)
#1 Listing Partner to Commercial Real Estate Firms
-- LoopLink powers more listings for more commercial real estate firm
websites than any other service. LoopLink clients include CB Richard
Ellis, Grubb & Ellis, NAI Global, Colliers International, ONCOR
International, Staubach, CCIM Institute and SIOR.
-- Properties Available For Sale -- $500 Billion For Sale in aggregate
-- Properties Available For Lease -- 4.3 Billion Square Feet For Lease in
aggregate
LoopNet's marketplace, available at http://www.loopnet.com/, covers all commercial property categories, including office, industrial, retail, multifamily (apartment buildings for sale), hotel, land, specialty properties, and businesses for sale. Becoming a LoopNet Registered Member is FREE. Registered Members can also search and list properties on LoopNet for FREE. Premium Membership is an optional upgrade that provides our Members with the most powerful online marketing and property searching tools available.
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, ONCOR International, Prudential, RE/MAX, Sperry Van Ness, The Staubach Company and TCN Worldwide.
LoopNet owns and operates Cityfeet.com, the largest online newspaper network serving the commercial real estate industry.
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 LoopNet's online commercial marketplace, our customers, our strategic alliances, our listing partners, the continuing adoption of the Internet to market and search for commercial real estate, the advantages of our online marketplace 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, our ability to introduce new or upgraded products or services and customer acceptance of such services, economic events or trends in the commercial real estate market, credit 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, our ability to manage our growth, 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.
LoopNet, Inc.
