LoopNet Surpasses Five Million Registered Members

SAN FRANCISCO, June 29, 2011 /PRNewswire/ -- LoopNet, Inc. (NASDAQ: LOOP), a leading provider of commercial real estate marketing and technology solutions, and operator of the most heavily trafficked commercial real estate marketplace, announced today that it surpassed five million registered members.  We believe this represents the largest membership community of brokers, investors, tenants, appraisers and other commercial real estate participants.  

Fifteen years after its founding, LoopNet continues to add thousands of new members per week, with new offerings in mobile solutions, email campaign management tools and information services providing ever more ways for commercial real estate professionals to access and benefit from its marketing and information services product lines.  

"We are thrilled that more than five million people have chosen to create LoopNet memberships," said Thomas Byrne, LoopNet's President and COO.  "It affirms the value that we are adding to the commercial real estate community, and motivates us to continue to find new ways to serve our members' needs and the industry's needs."

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 five million registered members

#1 in Website Traffic among Commercial Real Estate Listing Services

• Unique Monthly Visitors – 2.5 Million (12 months ending May 2011, Google Analytics)
• Traffic Multiple – 7.4X the visitor traffic of the next closest website (12 months ending May 2011, comScore Media Metrix)

#1 Online Marketing Partner to Commercial Real Estate Firms

• LoopNet's LoopLink powers more listings for more commercial real estate firm websites than any other service.  The company's cutting-edge solutions include private-label web, iPhone and iPad applications.  LoopNet's Enterprise clients include CB Richard Ellis, Cassidy Turley, Colliers International, Cushman & Wakefield, Jones Lang LaSalle, Grubb & Ellis, NAI Global, ONCOR International, Sperry Van Ness, and The Shopping Center Group.

About LoopNet

LoopNet operates the most heavily trafficked commercial real estate marketplace online with more than five million registered members and more than two million unique monthly visitors as reported by Google Analytics.

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.  As of March 31, 2011, the LoopNet marketplace featured more than $450 billion of property available for sale and 6.7 billion square feet of space for lease.

LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including Apartment Realty Advisors, Cassidy Turley, CB Richard Ellis, Coldwell Banker Commercial, Colliers International, Cushman & Wakefield, Grubb & Ellis, Jones Lang LaSalle, Lincoln Property Company, NAI Global, Newmark Knight Frank, The Shopping Center Group and Sperry Van Ness.

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 website, 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 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.

For more information contact:
Cary Brazeman, 310-205-3590
[email protected]

SOURCE LoopNet, Inc.