– One of the Largest Real Estate Services Organizations in the World Leverages LoopNet’s Property Marketing Platform –
SAN FRANCISCO, Nov. 20 /PRNewswire-FirstCall/ — LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, today announced that Colliers International, one of the largest commercial real estate services organizations in the world, selected LoopNet’s market-leading LoopLink property search and display technology to power the available property listings on the Colliers.com website. Colliers.com currently features nearly 10,000 active for-sale and for-lease listings in the U.S. and Canada.
With LoopLink technology integrated on the Colliers International website at http://www.Colliers.com, all Colliers professionals worldwide have a central and consistent source for finding, researching and viewing Colliers International property listings. Similarly, clients, investors, tenants and other visitors to the Colliers.com website can easily search and view the organization's available properties, improving the member firms' property marketing effectiveness. In addition to aggregating all Colliers International property listings at Colliers.com, the LoopLink technology provides numerous tools for Colliers professionals to efficiently share and distribute listing information, including instant flyer and brochure creation, area demographics, and full-color mapping with Microsoft map and aerial technology.
“We are very excited to announce this relationship with Colliers International. It complements the longstanding partnerships that we have with many Colliers affiliates and expands LoopNet's footprint of opportunity to provide additional services to other Colliers International offices and affiliates worldwide,” said Thomas Byrne, LoopNet's Chief Marketing Officer. “It is truly an honor to have a world-class organization like Colliers International deploy LoopNet's LoopLink technology throughout their network and it is a testament to the LoopLink product and its capability.”
In addition to Colliers International, many other leading commercial real estate service firms and property owners utilize LoopNet's LoopLink technology, including CB Richard Ellis, Cushman & Wakefield, First Industrial Realty Trust, Grubb & Ellis, Lincoln Property Company, NAI Global, ONCOR International, Realty Resources, Sperry Van Ness and The Staubach Company.
LoopNet will soon release LoopLink 7.0, including new features such as map-based property searching. For product information, please visit http://www.LoopNet.com or contact our Business Solutions' team directly.
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, and businesses for sale. At the end of September 2007, LoopNet had 2.4 million registered members and the LoopNet marketplace featured more than 538,000 commercial real estate listings, including more than $425 billion of property available for sale and 3.7 billion square feet of space for lease. According to comScore Media Metrix, LoopNet is the most heavily trafficked commercial real estate website, with 915,000 average monthly unique visitors in 2007.
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 CRES, 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 LoopNet's online commercial marketplace, our customers, our strategic alliances, 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.
SOURCE LoopNet, Inc.
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