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| Summary: In addition
to commercial real estate (CRE) property listings, LoopNet has become a
useful research source for closed property sales transactions in hundreds of
US counties and cities, with over 1 million transactions on file now -
including 50,000 in the last 180 days. Although CRE
brokers may already be aware of this resource, the corporate executives and
advisors we serve may also find the service to be useful for their own
market research about industrial and office properties and buildings, such
as when planning for expansion or relocation projects. It may also be
of interest to economic development professionals, such as for benchmarking
and planning. |
Featured links |
LoopNet’s RecentSales Service Tops 1 Million Commercial
Property Transaction Records Across U.S.
Commercial Real Estate Sales Data Covers 300
Counties and 900 Cities, Including Over 50,000 Closed Transactions in the
Last 180 Days
All Commercial Property Types, Including Office, Industrial, Retail,
Multifamily
SAN FRANCISCO, CA (November 6, 2008) — LoopNet, Inc. (NASDAQ:
LOOP), which operates the largest online commercial real estate marketplace,
said today that the company’s commercial property comparables service,
LoopNet RecentSales, has surpassed 1 million transaction records across the
U.S.
Available on the company’s web site at
http://www.LoopNet.com, RecentSales provides real estate brokers,
investors, landlords, appraisers and other real estate professionals with
the most cost-effective, convenient and timely source for critical
commercial property transaction information. RecentSales includes
information for more than 300 counties and 900 cities in the U.S., including
over 50,000 transactions that closed in the last 180 days, and features all
commercial property types: office, industrial, retail, multifamily, land,
lodging, hospitality and other specialty properties.
Drawing on proprietary data from the LoopNet marketplace, supplemented by
public records and primary research, LoopNet can deliver records within days
of a transaction’s completion and at a fraction of the cost of alternative
services. The combination of speed and cost savings is rapidly making
RecentSales a preferred option for real estate professionals.
“LoopNet launched RecentSales in 2006 in response to industry demand for a
convenient, timely, low-cost information service on closed commercial
property transactions,” said Thomas Byrne, LoopNet’s President and Chief
Operating Officer. “Since its inception, feedback from LoopNet members has
been overwhelmingly positive. The RecentSales database, now with over 1
million transaction records of every size, makes the service even more
valuable to our members, who use it to research and evaluate current and
historical commercial real estate sale prices.”
The RecentSales service is available to all LoopNet members, with individual
property records priced as low as $1.95 and RecentSales subscriptions
available for just $29.95 per month. RecentSales records include the
property type, property location and address, sale date, sale price,
full-color map and aerial imagery. Additional information such as original
asking price, buyer name, seller name, property size, property photos,
broker name, property description and bird’s eye imagery is also available
for most records.
For information on RecentSales, visit our product page at
http://www.LoopNet.com/RecentSales. For subscription information,
contact us at sales@LoopNet.com. |
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About LoopNet
LoopNet, Inc. is the leading online marketplace for commercial real estate
and businesses for sale in the United States. The LoopNet marketplace
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 2008, LoopNet
had three million registered members and the LoopNet marketplace featured
640,000 commercial real estate listings, including $535 billion of property
available for sale and 4.9 billion square feet of space for lease.
According to comScore Media Metrix, LoopNet is the most heavily trafficked
commercial real estate web site by a factor of more than 5 times, with
910,000 average monthly unique visitors for January through September 2008.
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, Jones Lang
LaSalle, Lee&Associates, Lincoln Property Company, Marcus&Millichap, NAI
Global, ONCOR International, Prudential CRES, RE/MAX, Sperry Van Ness,
Staubach Retail and TCN Worldwide. |
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| The standard forward-looking statements
disclaimer can be found in the
original press release at the LoopNet website. |
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| Media Contact at LoopNet
Cary Brazeman
pr@loopnet.com
Phone: (310) 205-3590
Fax: (310) 205-3591 |
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Featured Links |
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 Our global
commercial real estate search
tool makes it easy to find local contacts, CRE market reports, and other
information worldwide. |
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| New tools: Search selected
executive search,
international tax and
international business law
firms for the specialized market knowledge which they share through
their websites - without millions of irrelevant results from other types of
websites. Find the experts you need. |
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Media Search Tool for multiple
economic development magazines
Easily compare their content on
business development topics and potential locations of interest, which
may include sponsored advertorial content. |
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 Try
our new Search: Americas feature -
for the USA, Canada, and Mexico. The state search tools make it easy
to find content on over 2000 local economic development and chamber of
commerce websites.
A similar
Search: Europe feature covers
40 countries. |
See our
October 2008 analysis of the
location research
interests of our visitors through the Search:
Americas tools.
|
Which were the "hot states"
or regions among our
600,000 visitors in 2007?
Our
analysis of 2006 - 2007 visits to our
state economic development directories is an indicator of the diverse
geographic business interests of
our visitors. |
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