On July 10, commercial real estate listings giant LoopNet (NASDAQ: LOOP) signed a worldwide service agreement with global real estate services network NAI Global. While the financial terms of the deal were not disclosed, the agreement 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. As of mid-July, the LoopNet site featured $405 billion in commercial property offerings and 3.2 billion sq. ft. of U.S. properties for lease. The company boasted more than two million registered members at the end of March. NAI Global manages a network of 5,000 real estate brokers scattered across 350 offices in 45 countries.
