GlobeSt.com -
November 4, 2009
"Commercial real estate investors, brokers and owners are less confident about a near-term recovery than they were a few months ago, according to an informal [October 2009] poll … of members of LoopNet, an online commercial real estate marketplace. Approximately 1,000 members responded to the poll, which asked when the CRE prices will hit bottom if they haven't already, when the market will recover, and what the biggest barriers to a recovery are? When the same questions were posed in July 2009, 66% of respondents expected the volume of commercial real estate transactions to rebound in 2010, with the remainder predicting it wouldn't increase until 2011 or later. [Now] 50% are still holding out hope for a recovery in the second half of 2010 while the other half now predicts 2011 or 2012 …."
Atlanta Journal-Constitution -
August 20, 2009
"Commercial property sales fell 69 percent for the 12-month period ending on June 30, compared with the same period in the previous year, according to a new report by LoopNet, an online commercial real estate listings service. Sales totaled $3.1 billion, compared with $9.9 billion for the same period a year ago."
Dallas Morning News -
July 30, 2009
"Commercial real estate executives are tempering their expectations of when the market will recover. Only 10 percent expect things to improve this year, and more than half are betting the market won't turn around until the second half of 2010, according a new survey by LoopNet Inc., an Internet marketing firm. "There is general agreement on the timing of an increase in transaction volume across brokers, investors and owners, although slightly more investors expect an increase to wait until 2011," LoopNet said in the new report issued Thursday. Most real estate industry players predict "significant" further declines in commercial property values this year – 10 to 20 percent, LoopNet said after querying 2,000 people."
The Sacramento Bee -
June 19, 2009
"Many [real estate investors] are snapping up deeply discounted foreclosed homes and other distressed properties. … Web sites are now vying to be the go-to portals for real estate prospectors. One of the more established sites is LoopNet. It carries more than 685,000 commercial property listings, but also residential income properties, or those marketed to buyers looking to become landlords. Users can search for listings several ways, including city, state and price range. Results come with details like photos, price information and an aerial map of the neighborhood. LoopNet also provides demographic data within several miles of the property, including average household income and retail sales, which can be helpful to would-be landlords looking to gauge the potential tenant pool."
GlobeSt.com -
May 28, 2009
"If access to capital improves and prices continue to fall commercial real estate transaction activity will begin to recover in 2010, according to a LoopNet survey. The poll ... captured the opinions of 1,500 owners, brokers and investors who are LoopNet subscribers. While the results were largely consistent across all three major participant segments, owners rate the importance of access to capital slightly higher, and differing price expectations slightly lower, than brokers or investors, according to Mike Manning, LoopNet's Vice President of Marketing."
National Real Estate Investor Newsline -
May 18, 2009
"Spending for online commercial real estate marketing is projected to reach a record $2.9 billion in 2009 ... a substantial increase from the previous record of $2.5 billion in 2008, according to Borrell Associates Inc.[a media research firm]. One reason for the increase, according to Mike Manning, vice president of LoopNet, is that it is often less costly to advertise online rather than in print publications or other media. Some monthly ads run as low as $15 per listing, and the amount of traffic generated by the ads can be measured. A broader target audience can often be reached online than by advertising locally in print, Manning says. On LoopNet.com, 47% of searches for sale properties originated outside of the local market area in January 2009. Although the leasing market tends to be more local, 28% of all searches still originated from outside of the local market in January."
Minneapolis Star Tribune -
March 6, 2009
"Last year's sharp drop in commercial property sales rippled across virtually every segment of the Twin Cities-area market. The dollar value of office property sales in both downtown Minneapolis and St. Paul fell nearly 90%, compared with a 73% drop for central business districts nationwide. The figures were compiled by two widely quoted real estate research firms, Real Capital Analytics of New York and LoopNet of San Francisco. Office deals weren't the only ones to languish last year, according to Real Capital and LoopNet. The total value of retail properties sold in the Twin Cities area fell about 67%, slightly better than the 72% decline nationwide."
California RE Journal -
December 8, 2008
"Since its establishment, LoopNet's Community Involvement program has contributed more than 2,000 hours of volunteer service and more than $250,000 in cash and in-kind donations. Throughout 2008, the San Francisco-based company [LoopNet] volunteered with Earthworks, Habitat for Humanity, the Glide Foundation, the Marine Mammal Center, Urban Sprouts and the Union Station Foundation."
Globe and Mail (Canada) -
November 26, 2008
"Several U.S. companies operate online directories of commercial property. Not all list Canadian properties, but one that does is San Francisco-based LoopNet.com.... Mike Manning, LoopNet's vice-president of marketing, says a commercial real estate broker founded LoopNet because, at the time, "there weren't good ways of sharing information within the commercial real-estate sector," Mr. Manning says. "Most of it was personal networks." [LoopNet] has a sizable number of Canadian listings. "Canada is clearly our No. 2 market after the U.S.," Mr. Manning says. "We also see a lot of searches originating from outside North America for North American properties," Mr. Manning notes.... Online information has made commercial real-estate investing less of an insiders' game and reduced research drudgery. "I think we have opened it up more broadly as an investment category," Mr. Manning says, "because the information is more widely available now."
Wall Street Journal -
November 13, 2008
"For small companies looking to cash out, this may be an ideal time. The reason is that fewer businesses are on the block these days. A smaller supply of sellers means those companies that show stability, profits and steady cash flow can command a premium price. Michael Handelsman, general manager at BizBuySell.com, an online marketplace that lists companies for sale, says manufacturing businesses, hotel/motels, supermarkets and gas stations had the highest median sale prices in the third quarter."
Forbes.com -
October 28, 2008
"RecentSales provides real estate brokers, investors, landlords, appraisers and other real estate professionals with critical commercial property transaction information … and features all commercial property types: office, industrial, retail, multifamily, land, lodging, hospitality and other specialty properties. '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.'"
Forbes.com -
October 1, 2008
"LoopNet, Inc. announced the signing of an enterprise-wide service agreement with retail real estate brokerage company The Shopping Center Group ('TSCG'). The agreement will enable TSCG to implement REApplications' technology platform across its 23 offices in nine states. Additionally, TSCG will ultimately leverage LoopNet's LoopLink service to enhance property marketing on the TSCG site, increase exposure and improve branding on the LoopNet.com marketplace, streamline data entry, and reduce web site maintenance and development expenses. 'It is an added bonus that REApplications is now a LoopNet company with a more comprehensive suite of technology and marketing services that can service a growing organization like ours,' said Sam Latone, President and Co-CEO of The Shopping Center Group."
Wall Street Journal, Small Talk -
August 11, 2008
"to boost your chances [of selling a building that will be useful for a small business],... target sites where many small-business owners seeking property or businesses for sale tend to hang out. Some online business brokers, for instance, offer property listings. BizBuySell.com, which is owned by LoopNet, sells real-estate listings… that allow you to post a photo of the business. Since many prospective business buyers use the site to find businesses for sale, they may be also scouting for property. (The Wall Street Journal has a partnership with LoopNet and BizBuySell to show listings through the Journal's site.)"
New York Times -
June 15, 2008
"The real estate market may have cooled, but investor demand may soon be heating up for at least one type of property: land. Some of the most attractive deals lately have come from land developers and home builders, who are divesting parcels in many parts of the country as they whittle down excess housing inventory. Even smaller landowners, facing their own financial strains, are selling off lots once meant for building. Investors of all types can find property for sale with the help of brokers as well as through online commercial listing services like LoopNet.com... Thomas P. Byrne, LoopNet's president and chief operating officer, says undeveloped land makes up about 15 percent of his company's 600,000 listings."
San Francisco Business Times -
May 9, 2008
"As national real estate woes begin to spread from the housing to office, one market is still holding up relatively well: LoopNet's online commercial real estate marketplace. Buoyed by strong growth in 2007 and a solid first quarter, the San Francisco company has expanded its footprint in China Basin, grabbing 47,000 square feet with an option to soak up 100,000 square feet more as the company grows... The lease will allow LoopNet to grow from its current 225-employee workforce to about 275 within the next 12 months, according to Thomas Byrne, the company's president and chief operating officer. 'We are still on a reasonably aggressive growth path -- we plan to hire in tandem with our revenue growth,' said Byrne. With the credit crunch bringing the investment market to a screeching halt, Byrne said LoopNet has seen the slowdown of the number of clients seeking to acquire properties. But the drop in buyers is more than compensated for by eager, and in some cases desperate, sellers. Instead of receiving multiple offers on anything that hits the market, sellers of commercial property actually have to invest in marketing. Increasingly, that means online marketing in addition to the traditional direct mail and the old-fashioned way: signs hung on the side of buildings. 'The time properties are sitting on the market is increasing and the need to aggressively market properties is increasing,' said Byrne. "And we're seeing more and more people doing that online. We're still in the very early stages of market penetration.'"
San Diego Union-Tribune -
April 10, 2008
"San Diego-based REApplications, a maker of software for commercial real estate brokers, has been sold to Web-based listing outfit LoopNet for $9.4 million in cash. The San Diego company's clients include Grubb & Ellis/BRE Commercial, Voit Commercial, Lee & Associates and Integra Realty Resources. Nationwide, the company's software is deployed in 140 commercial brokerages, handling accounting, commission management, customer-relationship management and other back-office functions. LoopNet provides a commercial real estate marketplace similar to a multiple listing service for residential properties."
Inman News -
April 8, 2008
"LoopNet, a large online commercial real estate marketplace, will begin sending certain property listings from its marketplace to major search engines and more than 100 online newspaper Web sites, the company said this week. LoopNet's Showcase Property Listings will get added exposure on search engines, including Google, Google Base and Yahoo, and newspaper Web sites, including The New York Times, Los Angeles Times, Washington Post, Boston Globe, Chicago Tribune, Dallas Morning News, Miami Herald, Atlanta Journal-Constitution, the American City Business Journals Online and The Wall Street Journal (for sale properties only). LoopNet says its commercial real estate marketplace receives 998,000 unique visitors monthly according to comScore Media Metrix."
California Real Estate Journal -
March 31, 2008
"As the new president and chief operating officer of LoopNet, Inc., Thomas Byrne oversees the day-to-day business of the commercial real estate industry's largest online marketplace. Since he joined the company in 2002, he has been a major part of it's [LoopNet's] expanding reach in the industry and its tenfold revenue growth. As the California Real Estate Journal looks at how technology is influencing commercial real estate, Byrne took the time to discuss the future of the industry in the digital age."
The New York Times -
February 3, 2008
"It wasn't long ago that finding commercial property meant traveling by car or plane to various sites — with measuring tools, notepads and camera in tow — then pounding the pavement to inspect comparable places, vet tenants or peruse town hall documents. Nowadays, investing in commercial real estate is easier and far more transparent. Son Vann, 36, a management consultant from Houston, bought his first property...over a year ago with the help of LoopNet, the online commercial listing service. Mr. Vann's goal was to find an industrial building with a strong capitalization rate. 'You can do a lot of prescreening and basically sort it by cap rate within a certain region,' he said. The listing agent for the warehouse that he bought also provided information about cash flow, rents and major expenses, and he was able to contrast the numbers with those of comparable properties under consideration. 'They can get so much more information today than just five years ago,' said Thomas P. Byrne, the Chief Marketing Officer at LoopNet. Mr. Byrne speculates that the next generation of sites will incorporate personal networking structures like MySpace and YouTube. After all, 'it is a people business, and our investors want to communicate with one another,' he said. 'We're just in the early stages of thinking how to leverage that."
CNNMoney.com -
January 31, 2008
"...the CCIM Institute, the preeminent real estate organization of commercial investment professionals..., has expanded its relationship with LoopNet and extended its LoopLink service agreement into 2009. 'We are truly honored that the CCIM organization and its leadership team have selected LoopNet's LoopLink as the exclusive technology to power its members' listings on CCIMNet. The CCIM Institute's selection of LoopNet is a testament to our LoopLink product leadership and our overall business philosophy to 'Put Clients First',' said Thomas Byrne, LoopNet's Chief Marketing Officer. Tim Hatlestad, CCIM, CCIM 2008 National President said, "our members are among the most technology sophisticated professionals in the industry and are excited to receive the benefits associated with the LoopNet partnership.'"
Forbes.com -
November 28, 2007
"As of November 25, 2007, LoopNet had 2,511,813 registered members, more than any other commercial real estate service. LoopNet's registered membership has grown at an annualized rate of more than 50% per year during the past two years. 'As participants in commercial property transactions continue to move online from doing business offline, LoopNet benefits as the leading online commercial real estate marketplace,' said Thomas Byrne, LoopNet's Chief Marketing Officer. 'The company's member community continues to grow rapidly, which is a testament to the overall strength and value of the LoopNet marketplace as a vehicle for marketing and searching for commercial real estate.' Members of LoopNet use the company's suite of information services to search for property sale and lease opportunities, expose their available properties widely, research property values and transaction history, identify buyers and tenants, and analyze property data trends."
GlobeSt.com -
November 21, 2007
"Colliers International has selected its [LoopNet's] LoopLink property search and display technology to power the available property listings on the Colliers.com website. The LoopLink service includes reporting and listing administration tools, a searchable professional directory, property mapping, thumbnail photos and instant flyer and brochure creation. Map-based property searching is expected to be added to the service next year."
Commercial Property News -
November 15, 2007
"LoopNet this week announced a dramatic increase of exposure for its property listings. The company said that all listings will now be distributed to more than 100 partnering newspaper websites. Partnering newspapers include the [New York Times, Los Angeles Times, Boston Globe, Chicago Tribune, Miami Herald, Denver Post,] International Herald Tribune, Atlanta Journal-Constitution, and Las Vegas Review-Journal."
California Real Estate Journal -
November 12, 2007
"The vast majority of transactions may still open and close with a handshake, but a growing number of brokers and entrepreneurs in the commercial real estate industry are seeking new ways to facilitate deals and forge business relationships online. While online companies like LoopNet have become staples in the commercial real estate industry by providing online access to real estate listings and data, a different breed of online real estate service is emerging. Thomas Byrne, Chief Marketing Officer for LoopNet, which claims more than 2.4 million members said LoopNet will be an 'early adopter' of video technology when demand is sufficient. For the time being, members can add links to videos of properties from within listings that are posted on the site [LoopNet.com]. As for competing with user-generated content sites, Byrne said LoopNet is already there. 'With the click of a button, [members] can generate a Web site that incorporates photos, maps and other information into a highly attractive website,' he said."
Forbes.com -
November 1, 2007
"LoopNet, Inc. ranks among the nation's fastest-growing technology companies based on revenue growth, according to Deloitte & Touche USA LLP. LoopNet has been named to the Deloitte Technology Fast 500 list for three consecutive years. 'We are honored to be recognized by Deloitte & Touche as a Technology Fast 500 recipient once again, and to be among other recognized technology leaders including Google, Yahoo and Research in Motion,' said Thomas Byrne, LoopNet's Chief Marketing Officer. 'Our growth is the direct result of the continued migration of the commercial real estate industry from offline advertising to online marketing and specifically to the growing adoption and use of the LoopNet marketplace to market and search for commercial properties for sale and commercial space for lease.'"
The News-Press (Fort Myers, Florida) -
October 6, 2007
"Harbour Plaza will bring upscale shopping and dining to San Carlos Park. Real estate agent Mike Powell, who is leasing the property, said he put the center on LoopNet, an online listing of commercial properties, on Thursday and had 10 inquiries by lunch time."
Retail Traffic -
October 1, 2007
"More and more, real estate professionals and investors are relying on the Internet to research prospective acquisitions. LoopNet ... remains [one of the top two] dominant players in the online listings market. Still LoopNet ... continue[s] to roll out new products and services with additional features that provide more value for users. For example, LoopNet's RecentSales service delivers sales comps on commercial property transactions across the United States. 'This service now incorporates LoopNet's full mapping suite, including bird's-eye imagery in most major metropolitan areas,' says Thomas P. Byrne, Chief Marketing Officer at San Francisco-based LoopNet, Inc."
CNNMoney.com -
September 19, 2007
"LoopNet, Inc. has been named "Company of the Year" for 2006 by the Entrepreneurs Foundation for its outstanding commitment to community involvement. 'We are truly honored to be recognized by the Entrepreneurs Foundation as the Company of the Year for our work within the community. LoopNet is extremely proud of the energies, efforts and commitments of our employees to make the communities in which we work a better place,' said Richard Boyle, President and CEO of LoopNet. 'We look forward to continuing to make a positive impact through our efforts with the Entrepreneurs Foundation and improving the extended LoopNet community.'"
Arizona Daily Star -
August 14, 2007
"Over the past few months, many retail strip centers long held by local developers have been snapped up by out-of-state investors, according to a market report from LoopNet ... . The real estate information services company [LoopNet] reported that retail property sales of at least $2.5 million totaled $400 million in the second quarter — more than double what it was in the same three months last year. Top sellers in the past quarter's market were local development firms, including Bourn Partners and Diamond Ventures, according to LoopNet's report. The top buyers were firms from California and Texas."
GlobeSt.com -
August 3, 2007
"Publicly held LoopNet Inc. has acquired its privately held rival Cityfeet.com. Cityfeet has 100,000 active property listings and distributes the listings to over 100 partners. It powers the commercial real estate areas of the New York Times, the Boston Globe the Los Angeles Times, the Chicago Tribune, the Dallas Morning News and the Atlanta Journal-Constitution, among others. LoopNet CEO and President Richard Boyle says the combination will increase exposure opportunities for both company's property listings."
National Real Estate Investor Newsline -
July 16, 2007
"Commercial real estate listings giant LoopNet signed a worldwide service agreement with global real estate services network NAI Global. ...[which] will allow NAI Global to feature LoopNet's search technology on the real estate network's Web site. LoopNet CEO Richard Boyle says that the agreement will allow investors and tenants throughout the world to conduct real-time property searches via the NAI Global site."
Commercial Journal St. Louis -
July 7, 2007
"In St. Louis, there are a number of service providers offering a forum for commercial real estate listings and data. California-based LoopNet, Inc. dominates the national scene as a marketplace for sale listings. The LoopNet marketplace has between 2,500 and 3,000 properties in the greater St. Louis area. But twice as many properties are marketed offline, says Tom Byrne, LoopNet's chief marketing officer. Last year, St. Louis property listings increased 30 percent and registered LoopNet users increased 70 percent. With search activity still rapidly increasing online property exchange and marketplaces are in the early stages."
Forbes -
June 20, 2007
"The CCIM Institute agrees to incorporate LoopNet's market-leading LoopLink service into the CCIMNet.com website. 'We are honored that the CCIM organization and its leadership team have selected LoopNet's LoopLink technology to power its members' listings on CCIMNet," said Thomas Byrne, LoopNet's Chief Marketing Officer. 'With this agreement, all CCIM members will have real-time search access to all active CCIM member listings on CCIMNet.com, which is now powered by LoopLink, the leading online property marketing platform.'"
Michigan Business Review -
June 14, 2007
"'I believe, eventually, there will be one platform nationally for all commercial properties. There are a half a dozen players in the space now, the chief of which is LoopNet,' said Tim Kwekel, president of Kwekel Companies and president of Michigan's CCIM chapter. LoopNet could offer its service to various groups, including CCIM Institute, said LoopNet Chief Marketing Officer Tom Byrne. LoopNet counts two million members, he said, whereas the next-closest national commercial platform tallies only 50,000 to 60,000."
Investor's Business Daily -
June 6, 2007
"LoopNet is the Craigslist of commercial real estate. The company is an online marketplace for commercial properties and businesses for sale in the U.S. The site brings together buyers and sellers to help assist with a sale. Similar to sites such as eBay. ... There are millions of real estate agents and business owners who could benefit from LoopNet's site. LoopNet is in prime position to service the commercial industry [and] has few rivals to worry about. The firm can focus instead on converting those still using offline methods, such as newspapers, to become online customers."
Kansas City Business Journal -
June 5, 2007
"LoopNet, operator of the largest online commercial real estate marketplace, has entered into a strategic alliance with real estate information services provider Xceligent. The alliance will make Xceligent subscriber listings available in the LoopNet marketplace. As part of the strategic relationship, LoopNet will take a minority equity position in Xceligent and will have representation on their board."
Startup Review -
June 3, 2007
"LoopNet is based upon a 'cooperative and collaborative' relationship with the brokerage community. Founded in 1995, the company IPO'd in 2006 and has grown to feature more than $408 billion in properties for sale and 3.2 billion square feet of space for lease. LoopNet's slow growth led to a strong appreciation of early customers and a customer service focused philosophy. LoopNet built a service valuable to the industry's two major groups, as today 40% of users are brokers and 45% are owners/investors."
The Wichita Eagle (Kansas) -
May 27, 2007
"Wichita owes a lot of its growth as an investment destination to a Web site [LoopNet.com] known nationally as the eBay of commercial real estate. Over the past two years, as the Wichita MSA has passed the 500,000 population mark and grown into a tertiary business market, LoopNet has become the quickest, fastest way to advertise property nationwide. LoopNet, a commercial real estate database, is the silent hero in Wichita's growing popularity among national real estate speculators, brokers say. 'If you're marketing your property, it's invaluable,' said Patrick Ahern, office advisor at Martens Commercial Group."
The Canadian Financial Post -
May 26, 2007
"When the U.S. real estate market went south last year, Harver Bautista immediately went to list his strip mall on LoopNet.com. 'It's amazing,' the Maryland real estate investor says of the San Francisco- based commercial real estate site [LoopNet.com]. 'It only costs US $600 a year to list and I've tons of response. I had no idea it would generate that much interest.' For commercial real estate, the Web has proved a powerful sales tool, modelled on the more consumer-oriented eBay."
CNNMoney.com -
May 9, 2007
"LoopNet will deliver for sale commercial property listings across all U.S. geographies to RealEstateJournal.com, further extending the exposure that LoopNet members can receive for their available for sale property listings. 'We are very excited about our relationship with The Wall Street Journal's RealEstateJournal.com and how it complements our existing distribution relationships with American City Business Journals and GlobeSt.com,' said Thomas Byrne, LoopNet's Chief Marketing Officer."
The Free Lance-Star (Fredericksburg, VA) -
April 26, 2007
"First impressions really do count when businesses look for commercial property. So the Fredericksburg Regional Alliance [FRA] has just updated [their website] its major marketing tool. A key feature of FRA's revamped site is a searchable database of commercial properties for lease or sale in Fredericksburg and the counties of Caroline, King George, Spotsylvania and Stafford. It is now a portal to LoopNet Inc., a nationwide multiple listing service used mainly by commercial brokers."
USA Today -
April 25, 2007
"LoopNet has signed listing distribution agreements with American City Business Journals and GlobeSt.com. 'Now, through LoopNet, they [LoopNet Members] can leverage the reach of BizJournals.com, BizSpace.com and GlobeSt.com to expose their listings to even more investors, business owners, commercial tenants and other real estate professionals,' said LoopNet's Chief Marketing Officer, Thomas Byrne."
BusinessWeek -
April 10, 2007
"LoopNet has renewed or executed new agreements with several international and regional commercial real estate companies. The agreements with CB Richard Ellis, Coldwell Banker Commercial and Cushman & Wakefield provide services including brand marketing exposure and property marketing enhancements, among other things. Several of the agreements also include LoopNet's premium membership and enhanced advertising services."
California Real Estate Journal -
April 9, 2007
"'[LoopNet] relies on brokers sharing the data for their listings in their markets. All of the information that is in our system is provided by our client partners', Tom Byrne, chief marketing officer for LoopNet said. 'We supplement that through some of our partnerships. 'LoopNet has agreements with Microsoft for satellite images, Claritas for demographic information and Real Capital Analytics for market research. According to Comscore, which tracks Internet activity, LoopNet has 1.77 million registered users, with 875,000 unique users per month in 2006. The [LoopNet] database lists 460,000 properties available for sale or lease. Dave Toomey, a partner at CRESA Partners in Los Angeles, said 'if you are a listing broker and you have a listing you want to market and you want to provide the broadest exposure, you would list it in LoopNet.'"
California Real Estate Journal -
March 12, 2007
"High rollers placed big bets on San Diego County rent growth in the fourth quarter. Office buyers dropped the most cash and accepted the largest reduction in returns last year, according to San Francisco-based data provider LoopNet Inc."
Crain's Cleveland Business -
March 8, 2007
"Crain's Cleveland Business real estate reporter, Stan Bullard, reports LoopNet.com as one of his favorite websites. He describes LoopNet as 'a proprietary web site that loosely functions as a listing service for commercial properties nationally.'"
Las Cruces Sun-News -
March 5, 2007
"How can you best take advantage of the opportunities in commercial real estate? Unlike buying residential real estate, most large commercial properties are not offered on the traditional multiple listing services or in a local newspaper. Instead, commercial brokers use Web sites such as www.LoopNet.com to list their properties, knowing that investors from all over the United States will be searching for bargains."
Multi-Housing News -
March 1, 2007
"Colliers International strengthened its multifamily position four years ago when a number of front-line brokers in its local offices assembled to found the Multi-Family Advisory Group. Gina Dingman, CCIM, vice president of investment services, and current chair of the group shares that Colliers markets properties most commonly using private websites customized for each offering via its proprietary website as well as through other sources such as Real Capital Markets and LoopNet. In this day and age, when so much capital is chasing assets, finding buyers is not the challenge. Rather, it is finding dependable buyers to minimize the likelihood of retrades of the contract during or after the due diligence period."
National Real Estate Investor Magazine -
March 1, 2007
"In the world of online commercial real estate listings, LoopNet Inc. holds an ample lead. 'The industry is looking for the simplest and fastest way to search for properties,' according to LoopNet CEO Richard Boyle. 'We offer a low-cost way to do just that. We're creating a way for supply and demand to connect on the Internet.' Boyle isn't content to remain idle as a simple listing site, either. The company has introduced several new services in recent months. One 2006 offering is the RecentSales function, whereby LoopNet members can view recent deals that have closed in thousands of markets."
MSNBC.com -
February 4, 2007
"Web Site of the Week, LoopNet.com helps you search the country for [commercial real estate and business] properties for sale or lease, based on location, size and price."
Showing page 1 of 4 |
Next Page >>