Investor Relations

Investor Relations: Corporate Fact Sheet; Management Team; Board of Directors; Corporate Governance; Events & Webcasts; Financial Press Releases; General News; SEC Filings; Financial Data; Stock Performance; Investor FAQs; Email Alerts; Request for Information; Contact IR; Shareholder Briefcase

The Shopping Center Group Selects LoopNet's REApplications Platform to Help Manage Its Retail Real Estate Business Across Offices, Geographies

SAN FRANCISCO, CA (October 1, 2008) — LoopNet, Inc. (NASDAQ: LOOP), which operates the largest online commercial real estate marketplace, today 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 24 offices in nine states — streamlining and seamlessly linking Customer Relationship Management, Commission Tracking, Property and Listing Management, and Project Management applications online.

Additionally, TSCG will ultimately leverage LoopNet's LoopLink service to enhance the 75 million square feet of property marketing on the TSCG site, increase exposure and improve branding on the LoopNet.com marketplace, streamline data entry, and reduce

"The Shopping Center Group is a world-class organization and a clear leader within the retail brokerage sector," said Thomas Byrne, LoopNet's President and Chief Operating Officer. "The selection of REApplications as their core business management platform and LoopLink as a key marketing platform demonstrates the breadth of services that we offer retail brokerage customers."

"We are very excited that the REApplications platform was selected by The Shopping Center Group. We know they were exceptionally thorough in their review and are proud of the opportunity to work with them," said Greg Ausley, President of REApplications, a LoopNet company.

"We have experienced rapid growth over the past few years, and are excited by the potential of the REApplications platform to bring increased scalability and efficiency to our organization," said Sam Latone, President and Co-CEO of The Shopping Center Group. "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."

About LoopNet

LoopNet, Inc. is the leading online marketplace for commercial real estate and businesses for sale in the United States. The LoopNet.com 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, Lee & Associates, Lincoln Property Company, Marcus & Millichap, NAI Global, ONCOR International, Prudential CRES, RE/MAX, Sperry Van Ness, Staubach and TCN Worldwide.

LoopNet owns and operates REApplications, the leading provider of enterprise solutions to the commercial real estate community with more than 100 clients. LoopNet owns and operates Cityfeet.com, the largest online newspaper network serving the commercial real estate industry.

LoopNet 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 web site. BizBuySell also has the largest database of sale comparables for recently sold businesses.

The Shopping Center Group

The Shopping Center Group, with over 210 experienced professionals in 24 offices, is a leading full service retail real estate brokerage firm focused on providing "best in class" service to retailers, landlords, developers, investors and financial institutions throughout the Southeast and Mid-Atlantic regions. The Shopping Center Group represents over 300 national, regional, local retailers and restaurants; lists over 75 million square feet of properties for lease or sale, manages over 7 million square feet, and concluded over $750 million in investment sales over the last 18 months. With longstanding relationships developed over many years, The Shopping Center Group has been successful in delivering unsurpassed local market knowledge with a regional perspective and a national presence. The Shopping Center Group's approach is service oriented and the company's commitment to its clients' success is uncompromising.

Forward-Looking Statements

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 introduce new or upgraded products or services and customer acceptance of such services, our ability to integrate service partners into our systems and platforms, our service partners' ability to expand and manage growth, our ability to continue to attract unique visitors to our web site, 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 and our ability to manage our growth. 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 web site 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.


Call us at (888) 567-7442 or send us a message using the form below.

Name:
Email: