Happy Holidays from LoopNet
Everyone at LoopNet would like to wish you a safe and happy holiday season. Thank you for your support, feedback and allowing us to serve you. During 2007, LoopNet continued our focus on building the #1 online commercial real estate and business for sale marketplaces. We surpassed 2.5 million registered members that generate more than 120 million property views monthly. As a result, you to receive unsurpassed marketing exposure and access to search an unprecedented number of properties at a tremendous value.

As always, our unwavering commitments are to deliver exceptional marketing and searching value for our customers and to always maintain our “Put Clients First” business approach. And also remember, that searching and marketing properties is available for free on LoopNet.com and that upgrading to Premium services is optional.

Richard Boyle
President and CEO

Chicago Retail Development Shatters Record
There was a record 8.4 million sf of new retail space developed in metropolitan Chicago in 2007, according to a survey by Mid-America Real Estate Corp. That beats the previous record of 6.8 million sf, which was set in 1994. Last year, 6 million sf of retail space was added. Major retail construction projects include the shops at Willow Festival and Bolingbrook Promenade.

University Wins Approval for $7B Expansion
The New York City Council has approved a rezoning request submitted by Columbia University for its $7 billion expansion plan in upper Manhattan. The expansion calls for classrooms, research facilities, administrative offices and student housing. The 17-acre site currently has warehouses and auto-body shops. Columbia owns about 90% of the development site.

Government Leasing Lowers Office Vacancy
Downtown Indianapolis' office vacancy rate dropped to its lowest level since 1998, according to a report by CB Richard Ellis. The city posted a 13.5% vacancy rate this month, aided by government agencies leasing 292,000 sf of privately owned space this year.

Visit www.crenews.com for up-to-the-minute commercial real estate news.

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