SAN FRANCISCO Local on-line entity LoopNet and Los Angeles-based PropertyFirst.com have agreed to merge the two firms, creating a mega commercial real estate portal that is slated to carry more than 145,000 property sale and lease listings that play to some 200,000 users.
The resultant organization to be operated under the LoopNet name will thoroughly integrate both companies respective operations, including websites as well as customerbases and databases. Sources for LoopNet pointed out that the combined entity would continue to be “a substantial source of lodging-property information and listings.” (3/22/01) Michael Billig