San Francisco – Following approval by both companies’ shareholders and California state authorities, locally based LoopNet Inc. and Los Angeles-based PropertyFirst.com recently announced that their merger transaction has been completed.

Richard Boyle has been named president and CEO of the new company, which will operate under the LoopNet name. According to the company, a new website that integrates LoopNet and PropertyFirst’s commercial property sale and lease listings, as well as member databases, will be launched later this summer.