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LoopNet Announces New Commercial Property Tools, Including a New Map Search, Satellite Imagery and Bird's Eye Property Images

Posted on: Thursday, 26 January 2006, 12:00 CST

SAN FRANCISCO, Jan. 26 /PRNewswire/ -- LoopNet, Inc., a leading information services provider that operates the largest and most heavily trafficked commercial real estate listing service online, today introduced a powerful new suite of property search tools. Powered by Microsoft's Virtual Earth web services, LoopNet delivers its customers the most advanced property search and imagery available in the commercial real estate industry, including high resolution satellite imagery and bird's eye property imagery from Pictometry, Inc.

"We are excited to offer our customers industry-leading mapping and imagery capabilities. Coupled with our award winning and easy to navigate web site, we believe this new technology will enable our customers to more efficiently and quickly search, identify and view commercial properties," said Jason Greenman, LoopNet's Chief Product Officer. "Our collaboration with Microsoft and the Virtual Earth platform reinforces LoopNet's philosophy of incorporating 'best of breed' technologies into easy to use customer solutions. It has yielded some of the most innovative property search tools seen by the commercial real estate industry in years."

These new tools include a cutting-edge search interface based on Microsoft's Virtual Earth web service, which provides high resolution satellite imagery for most cities throughout the United States, and incredibly detailed bird's eye views of buildings from 45 degree perspectives in many major U.S. commercial real estate markets.

"We are very excited that LoopNet is using the Virtual Earth web service to enhance and expand their industry-leading commercial real estate offerings," said Stephen Lawler, general manager of the Virtual Earth Business Unit at Microsoft Corp. "LoopNet's integration of Virtual Earth's immersive bird's eye and satellite imagery and rich mapping capabilities has created an incredibly powerful, yet simple tool to view commercial properties and their surroundings."

LoopNet also announced the beta availability of its new Map Search, a tool that allows LoopNet members to search for properties on a dynamic map interface. Currently available to Premium Members only, LoopNet's Map Search breaks new ground in geographic searching using dynamic searching and filtering tools that provide a fast, uninterrupted search experience of LoopNet's industry-leading database of 335,000 sale and lease availabilities.

Screenshots of the new imagery tools can be found at http://www.loopnet.com/NewImagery. Product and service names mentioned herein are the trademarks of their respective owners.

About LoopNet

LoopNet, Inc., a leading information services provider to the commercial real estate industry, delivers a comprehensive suite of products and services to meet the national and local needs of commercial real estate firms, organizations and professionals. LoopNet operates the largest commercial real estate listing service online, with $270 billion of property for sale and 2.7 billion square feet of space for lease. With more than 1.1 million members, LoopNet attracts the largest community of commercial real estate professionals. LoopNet's market-leading LoopLink product powers the web sites of more than 1,000 commercial real estate organizations and seamlessly integrates their web sites with LoopNet's listing service at http://www.loopnet.com/.

LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including CB Richard Ellis, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, The CORE Network, Cushman & Wakefield, Grubb & Ellis, Lincoln Property Company, Marcus & Millichap, NAI Global, RE/MAX, RREEF, Sperry Van Ness, The Staubach Company and Trammell Crow Company.

LoopNet also owns and operates BizBuySell, the largest and most heavily trafficked online exchange for businesses for sale in North America, with more business listings, users and search activity than any other web site. BizBuySell features more than 35,000 businesses listed for sale and has the largest database of historic sale trends for sold businesses.

LoopNet, Inc.

CONTACT: Cary Brazeman, +1-310-205-3590, pr@loopnet.com

Web site: http://www.loopnet.com/NewImagery

Web site: http://www.loopnet.com/

Source: PRNewswire

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