LoopNet Surpasses 4 Million Registered Members

- The Most Heavily Trafficked Commercial Real Estate Web Site Exceeds 4 Million Members While Extending Its Unparalleled Lead in Monthly Unique Visitors -

- LoopNet.com Delivers More Than 8 Times the Traffic of Any Other Commercial Real Estate Web Site in Most Recent Quarter -

SAN FRANCISCO, February 3, 2010 -- LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, announced today that it surpassed 4 million registered members.  In addition to the registered member milestone, comScore Media Metrix reported that LoopNet generated 8.2 times the unique visitor traffic of the next closest commercial property marketplace for Q4 2009, and 6.7 times the traffic during the full year 2009.

"We are very excited that we continue to attract new members at such a rapid rate, reaching the 4 million member milestone only 18 months after surpassing 3 million members," said Thomas Byrne, LoopNet's President and Chief Operating Officer.  "We are equally proud that LoopNet continues to grow its lead inh visitor traffic relative to other commercial property marketplaces.  With the most registered members, the largest number of unique visitors, and one of the industry's largest property databases of actively marketed for sale and for lease listings, we offer unparalleled value to commercial real estate professionals in marketing and searching for commercial properties."

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 4 million registered members

#1 in Web Site Traffic among Commercial Real Estate Listing Services

Traffic Multiple – 6.7X the visitor traffic of the next closest web site (average for full year 2009, according to comScore Media Metrix)
Unique Monthly Visitors – 1.9 Million per Month (average Monthly Visitors during 2009, according to Google Analytics)

#1 Online Marketing Partner to Commercial Real Estate Firms

LoopLink powers more listings for more commercial real estate firm web sites than any other service.  LoopLink clients include CBRE, Cassidy Turley, Cushman & Wakefield, Colliers International, Jones Lang LaSalle, Grubb & Ellis, NAI Global, ONCOR International, ProLogis and SIOR.
Properties Available For Sale – $480 Billion For Sale in aggregate
Properties Available For Lease – 6.3 Billion Square Feet For Lease in aggregate

The LoopNet marketplace, available at 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.  At the end of September 2009, the LoopNet marketplace featured more than $480 billion of property available for sale and 6.3 billion square feet of space for lease.

About LoopNet

LoopNet, Inc. is the leading online marketplace for commercial real estate and businesses for sale in the United States.  Our 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, Cassidy Turley, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, Cushman & Wakefield, Grubb & Ellis, Jones Lang LaSalle, Lincoln Property Company, Marcus & Millichap, NAI Global, ProLogis, RE/MAX, and Sperry Van Ness.

LoopNet owns and operates Cityfeet.com, the largest online newspaper network serving the commercial real estate industry.  LoopNet also owns and operates BizBuySell.com and BizQuest.com, the largest and most heavily trafficked online exchanges 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. 

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 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, 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 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.