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LoopNet was founded in 1995 by Dennis DeAndre. Working alongside engineer Steve
Midgley, the two built LoopNet into the internet's largest commercial real estate listing service. LoopNet underwent three rounds of private venture capital financing in 1997 (Indo Suez), 1998 (Trinity Capital &
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LoopNet was an early venture in
Internet-based user-created content. As early as October 1996 virtually all of its commercial property listings were being entered by its users directly. Over time, LoopNet added the capability to import listings in an automated manner.
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LoopNet's business model involves selling memberships to its site to those that lease or sell
Commercial Real Estate. Paid or Premium Membership confers additional benefits with a free model existing but only showing those listings to groups with CoStar membership.
237:). LoopNet demonstrated that it policed any user violations after the fact. The court did not require the company to stop future violations before they occur. Such a ruling could have effectively shut down LoopNet's website as well as those of many
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LoopNet connects tenants and buyers with owners over an open and free network. As of April 2023, LoopNet had more than 12 million unique monthly visitors.
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LoopNet acquired BizBuySell (2004), CityFeet (2007), REApps (2008), Land & Farm/Lands of
America (2008) and Bizquest (2010).
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In April 2012, CoStar Group acquired LoopNet for approximately $ 860 million in cash and stock.
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207:(2006), in which Loopnet prevailed, it was determined that Loopnet, as an operator of a
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commercial real estate market, the company added significant virtual tour capabilities.
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for copyright liability protection for many websites. It followed the
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Partners) and $ 20 million in 1999 from fourT5 real estate brokers.
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500:"LoopNet Launches CoTour to Conduct Virtual Tours in Real-Time"
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Robson, Douglas; Feuerstein, Adam (12 December 1999).
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In 2001, the company merged with
PropertyFirst.com.
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Real estate services companies of the United States
438:"LoopNet offers commercial real estate data, comps"
177:In 2020, to address rapid changes occurring in the
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American commercial real estate marketplace website
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305:"LoopNet and PropertyFirst.com complete merger"
325:"LoopNet, Inc. Prices Initial Public Offering"
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838:Real estate companies established in 1995
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457:Sernovitz, Daniel J. (30 April 2012).
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223:by its users. This ruling established
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459:"CoStar Group completes LoopNet deal"
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284:"Real estate giants bankroll LoopNet"
230:Religious Technology Center v. Netcom
416:"REApplications Acquired By LoopNet"
480:"Dotloop settles trademark lawsuit"
344:"LoopNet undaunted, looking to IPO"
204:CoStar Group, Inc. v. LoopNet, Inc.
149:In June 2006, the company became a
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478:Brownfield, Andy (22 July 2014).
390:"LoopNet Laces Up CityFeet Shoes"
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170:lawsuit that it brought against
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485:American City Business Journals
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464:American City Business Journals
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166:In 2014, the company settled a
561:Motley Fool, December 31, 2007
525:Cohen, Joyce (13 April 2007).
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303:Reagin, Misty (18 July 2001).
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219:, and was not responsible for
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823:2012 mergers and acquisitions
818:2006 initial public offerings
527:"Finding a Vacant Lot to Buy"
310:National Real Estate Investor
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239:application service providers
833:Online real estate databases
614:Online real estate databases
559:Best Stock for 2008: LoopNet
342:Gelsi, Steve (5 June 2006).
235:Scientology vs. the Internet
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54:; 29 years ago
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418:. SoCAl Tech. 9 April 2008
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365:"LoopNet buys BizBuySell"
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155:initial public offering
243:copyright infringement
233:case (better known as
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504:www.businesswire.com
124:commercial property
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531:The New York Times
396:. 14 November 2016
120:online marketplace
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719:realestate.com.au
694:NeighborhoodScout
363:Writer, | Staff.
327:(Press release).
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331:. 7 June 2006.
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542:. Retrieved
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510:15 September
508:. Retrieved
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128:CoStar Group
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67:Headquarters
43:CoStar Group
37:Type of site
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724:Realtor.com
679:MagicBricks
664:KE Holdings
659:Housing.com
394:Motley Fool
349:MarketWatch
812:Categories
754:StreetEasy
729:RealtyTrac
684:MyNewPlace
634:Cyberhomes
249:References
215:, then an
93:Technology
769:ZipRealty
759:UrbanIndo
744:Rightmove
739:Revaluate
649:Homes.com
644:HomeLight
539:0362-4331
225:precedent
787:Category
704:NoBroker
699:Nestoria
654:Houseful
544:23 April
185:Business
179:COVID-19
105:.loopnet
90:Industry
674:LoopNet
422:4 March
400:4 March
209:website
172:Dotloop
153:via an
134:History
116:LoopNet
57: (
49:Founded
764:Zillow
734:Redfin
669:Lamudi
537:
268:Forbes
213:Netcom
118:is an
709:Nuroa
369:Inman
797:List
546:2019
535:ISSN
512:2020
424:2022
402:2022
376:2020
122:for
107:.com
59:1995
52:1995
201:In
103:www
98:URL
84:CEO
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