LoopNet Surpasses 4 Million Registered Members
February 03 2010 - 10:00AM
PR Newswire (US)
- The Most Heavily Trafficked Commercial Real Estate Web Site
Exceeds 4 Million Members While Extending Its Unparalleled Lead in
Monthly Unique Visitors - - LoopNet.com Delivers More Than 8 Times
the Traffic of Any Other Commercial Real Estate Web Site in Most
Recent Quarter - SAN FRANCISCO, Feb. 3 /PRNewswire-FirstCall/ --
LoopNet, Inc. (NASDAQ: LOOP), which operates the largest online
commercial real estate marketplace, announced today that it
surpassed 4 million registered members. In addition to the
registered member milestone, comScore Media Metrix reported that
LoopNet generated 8.2 times the unique visitor traffic of the next
closest commercial property marketplace for Q4 2009, and 6.7 times
the traffic during the full year 2009. "We are very excited that we
continue to attract new members at such a rapid rate, reaching the
4 million member milestone only 18 months after surpassing 3
million members," said Thomas Byrne, LoopNet's President and Chief
Operating Officer. "We are equally proud that LoopNet continues to
grow its lead in visitor traffic relative to other commercial
property marketplaces. With the most registered members, the
largest number of unique visitors, and one of the industry's
largest property databases of actively marketed for sale and for
lease listings, we offer unparalleled value to commercial real
estate professionals in marketing and searching for commercial
properties." Highlighted below are some of the key metrics and
usage statistics of LoopNet.com: # 1 in Members among Commercial
Real Estate Listing Services -- Registered Members - more than 4
million registered members #1 in Web Site Traffic among Commercial
Real Estate Listing Services -- Traffic Multiple - 6.7X the visitor
traffic of the next closest web site (average for full year 2009,
according to comScore Media Metrix) -- Unique Monthly Visitors -
1.9 Million per Month (average Monthly Visitors during 2009,
according to Google Analytics) #1 Online Marketing Partner to
Commercial Real Estate Firms -- LoopLink powers more listings for
more commercial real estate firm web sites than any other service.
LoopLink clients include CBRE, Cassidy Turley, Cushman &
Wakefield, Colliers International, Jones Lang LaSalle, Grubb &
Ellis, NAI Global, ONCOR International, ProLogis and SIOR. --
Properties Available For Sale - $480 Billion For Sale in aggregate
-- Properties Available For Lease - 6.3 Billion Square Feet For
Lease in aggregate The LoopNet marketplace, available at
http://www.loopnet.com/, covers all commercial property categories,
including office, industrial, retail, multifamily (apartment
properties for sale), hotel, land, specialty properties, investment
properties and businesses for sale. At the end of September 2009,
the LoopNet marketplace featured more than $480 billion of property
available for sale and 6.3 billion square feet of space for lease.
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, Cassidy Turley, Century 21 Commercial, Coldwell Banker
Commercial, Colliers International, Cushman & Wakefield, Grubb
& Ellis, Jones Lang LaSalle, Lincoln Property Company, Marcus
& Millichap, NAI Global, ProLogis, RE/MAX, and Sperry Van Ness.
LoopNet owns and operates Cityfeet.com, the largest online
newspaper network serving the commercial real estate industry.
LoopNet also owns and operates BizBuySell.com and BizQuest.com, the
largest and most heavily trafficked online exchanges for businesses
for sale in North America, with more business listings, users and
search activity than any other web site. BizBuySell also has the
largest database of sale comparables for recently sold businesses.
Forward-Looking Statements This release contains forward-looking
statements regarding LoopNet's 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 unique visitors to our web site, our
ability to continue to attract new registered members, convert them
into Premium Members and retain such Premium Members, our ability
to obtain or retain listings from commercial real estate brokers,
agents and property owners, competition from current or future
companies, our ability to receive timely and accurate sales data
from our partners, seasonality, our ability to manage our growth
and our ability to introduce new or upgraded products or services
and customer acceptance of such services. 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 web site 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. For more information contact: Cary Brazeman,
310-205-3590 DATASOURCE: LoopNet, Inc. CONTACT: Cary Brazeman,
+1-310-205-3590, Web Site: http://www.loopnet.com/
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