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San Francisco, Calif. (July 22, 1998)�LoopNet (www.loopnet.com),
the Internet�s largest commercial real estate listing and information
service, announced today that it has experienced over 600% growth
in the first half of 1998.  During the same period, Grubb & Ellis, Trammell
Crow Company, The CORE Network, The Staubach Company and,
most recently, LaSalle Partners, Inc. have chosen to market their
properties on LoopNet.

Currently, over $150 million of property listings for sale and over 2.5
million square feet of property listings for lease are added daily.  In
addition, over 60,000 properties are viewed and over 55 new members
join LoopNet everyday.  These new members join a growing community
of over 50,000 professionals.

�The commercial real estate industry has begun to realize the real value
of the Internet, and LoopNet specifically, as a research and marketing
tool,� said Dennis DeAndre, President of LoopNet.  �As the professional
community has come online in large numbers, LoopNet has moved beyond
just providing information and into building relationships and facilitating
transactions as well.�

Over the past six months, LoopNet has also launched several new products
and services including web-based demographic reports.  LoopNet offers
its clients the opportunity to integrate the demographic reports into each
property listing, allowing clients to print property listings as complete
marketing brochures.

�The quality and price of our reports make them the best value for
demographics anywhere,� said DeAndre.  �They are geo-coded to
the address of each property listing and can be downloaded from the
Web twenty-four hours a day.�

To meet the growing demand for services and technical support, LoopNet
plans to launch a comprehensive customer service center shortly.  The
center will allow LoopNet to maintain its reputation for the highest level
of customer service in the commercial real estate information industry
and to refine its focus on building trustrelationships with customers.

�Our clients have requested that we add the additional products and services
necessary to assist them complete the property due diligence process and
eventually the transaction itself,� said DeAndre.  �The continuing interest
shown by the industry�s most prominent firms leads us to believe that we
are on the right track.�


CONTACT:   Neal Aronson, LoopNet, 650.685.9526, naronson@loopnet.com