LoopNet bolsters distribution network through strategic acquisition.

Online commercial real estate marketplace LoopNet Inc. (NYSE: LOOP) has acquired Cityfeet.com for $15 million. Privately held Cityfeet.com distributes commercial property listings to more than 100 partners, among them the Web sites of large circulation daily newspapers such as the New York Times, Boston Globe and the Atlanta Journal-Constitution. Before the deal was announced, Cityfeet had 100,000 property listings on its site — or a fifth as many of the roughly 500,000 listings on the LOOP site. The deal will bring commercial real estate’s largest online marketplace and largest distribution network together, according to LOOP. LoopNet averaged 950,000 average monthly unique visitors during the second quarter, according to comScore.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards Development on Manhattan's far West Side.

Outstanding Women in Commercial Real Estate

From housing low-income families in Southern California to closing some of Manhattan's largest office leases, women leaders are using commercial real estate as a platform to reshape communities while they drive investor returns.

Click here to view more photo galleries.

Videos

2012 MBA CREF/Multifamily Housing Convention & Expo Video Blogs

http://nreionline.com/video/mba2012_thumbnail.jpgCheck out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL...

 

Click here to view more videos.


Blogs


Traffic Court

BlackSwan

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

NREI Newsletters

Join the Conversation