LoopNet Named 20th on the Forbes 2010 List of "America's 100 Best Small Companies"

SAN FRANCISCO, Nov. 9, 2010 /PRNewswire/ -- LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, has been named to Forbes Magazine's 2010 list of "America's 100 Best Small Companies."  LoopNet is ranked #20 overall on the 2010 Forbes list, along with other exceptional public companies such as Akamai, Under Armour, Dolby Laboratories, Tempur Pedic, and Rackspace Hosting that were featured in the November 8, 2010 edition of the magazine.  LoopNet was founded in 1995 and has been publicly traded since 2006.

"We are honored to be named to such a prominent position on the Forbes 2010 list of America's Best Small Companies.  Forbes describes the companies on the list as those that 'hire, innovate, churn out profits and defy the downturn' and we are very grateful of the recognition of our organizational accomplishments and the dedicated efforts of the entire LoopNet team," said Richard Boyle, LoopNet's Chief Executive Officer.  

"We believe LoopNet's 'Put Clients First' philosophy and our commitment to continually innovate our products and services is a significant competitive advantage for our organization within the commercial real estate, land for sale and business for sale sectors.  We intend to continue to provide our customers with products that are unparalleled in their effectiveness, affordability and ease of use," said Thomas Byrne, LoopNet's President and COO.  "During 2010, we were particularly pleased with our success in launching the LoopNet Property Research Database with over 7.5 million property records, the top-ranked iPhone and iPad mobile apps, the enhanced market trends reports and new Enterprise Marketing and Search solutions to better meet the needs of corporate clients."

According to Forbes' analysis of LoopNet as documented in the ranking, LoopNet's sales increased 37% (five-year annualized growth rate), the company's EPS (Earnings per Share) increased 31% (five-year annualized growth rate) and its ROE (Return on Equity/Investment) increased 34% (five-year annualized growth rate).  Additional information about the Forbes list is available at http://www.forbes.com/lists/2010/23/best-small-companies-10_rank.html.

About LoopNet

LoopNet, available at http://www.LoopNet.com, operates the most heavily trafficked commercial real estate marketplace online with more than 4.5 million registered members and more than 6 million unique visitors quarterly as reported by Google Analytics.  LoopNet also now offers one of the largest commercial property databases with more than 7.5 million commercial property records.  

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 September 30, 2010, the LoopNet marketplace featured more than $450 billion of property available for sale and 6.8 billion square feet of space for lease.

LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including Cassidy Turley, 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 our products and services, share of commercial real estate traffic, our efforts to differentiate our online commercial marketplace, deliver increasing information and value to 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, whether additional services will lead to new registered members, 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.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED