LoopNet Announces Launch of Custom-Branded iPhone and iPad Apps for Leading Retail Real Estate Advisory Firm "The Shopping Center Group"

SAN FRANCISCO, May 20, 2011 /PRNewswire/ -- LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, today announced the launch of private label iPhone and iPad Apps for The Shopping Center Group (TSCG), one of the country's leading retail real estate advisory companies.  Custom branded with the brokerage's logo and company colors, these apps provide TSCG brokers with full access to their firm's entire inventory of availabilities, property photos and listing flyers when they are out in the field with clients.  

"Remote access to listing information through an iPhone or iPad benefits brokers in a number of ways," said Mike Manning, LoopNet's Vice President of Marketing.  "It helps them impress clients by demonstrating a sophisticated use of the newest marketing technologies available.  It speeds transactions by enabling access to their firm's complete inventory of availabilities on the road, allowing them to adapt to changing client requests.  And it saves on printing costs, since brokers no longer need to print out or carry marketing materials for every potential property a client could wish to see."

This is a major selling point for Shawn Massey at The Shopping Center Group.  "I've saved several thousand dollars in printing costs since I started using my iPad to show marketing materials to my clients," he reports.  "It is a far more efficient way to communicate with clients, and it has meant that I have to haul around far less paper."

LoopNet released the commercial real estate industry's first iPhone App in May of 2010, and has continued to innovate rapidly since then to bring new, cutting edge marketing technologies to its corporate and individual clients.  For more information about private label iPad options, contact LoopNet's Enterprise Solutions team at [email protected].

LoopNet will be demonstrating its mobile solutions at ICSC in Las Vegas, booth S312 N Street.

About LoopNet

LoopNet operates the most heavily trafficked commercial real estate marketplace online with more than four million registered members and more than two million unique monthly visitors as reported by Google Analytics.

The LoopNet marketplace covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, investment properties and businesses for sale.  As of March 31, 2010, the LoopNet marketplace featured more than $450 billion of property available for sale and 6.7 billion square feet of space for lease.

LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including Apartment Realty Advisors, Cassidy Turley, CB Richard Ellis, Coldwell Banker Commercial, Colliers International, Cushman & Wakefield, Grubb & Ellis, Jones Lang LaSalle, Lincoln Property Company, NAI Global, Newmark Knight Frank, ProLogis, The Shopping Center Group and Sperry Van Ness.

Forward-Looking Statements

This release contains forward-looking statements regarding the anticipated benefits of LoopNet's Mobile Website, iPad and iPhone applications and Property Facts Database, our efforts to differentiate our online commercial marketplace, deliver increasing information and value to our customers, and the exposure for available properties listed on our marketplace.  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, the accessibility and functionality of our customized iPhone and iPad applications and Property Facts Database, continuing popularity and additional adoption of smart phones and iPads, ongoing volatility in the commercial real estate market, whether additional services will lead to new registered members, and our ability to convert them into Premium Members and retain them, our ability to continue to attract unique visitors to our website, our ability to obtain or retain listings from commercial real estate brokers, agents and property owners, competition from current or future companies, 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 website 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.

SOURCE LoopNet, Inc.

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