Commercial property data giant CoStar has fully integrated LoopNet's public listing service into its platform. By integrating the platforms, he said, CoStar hopes to entice some of these users to switch over to the paid side. The company is also working with the Australian Securities and Investments Commission to provide a platform for investors in commercial real estate projects that are seeking access to information about their potential tenants. This information will also no longer have to go through researchers, boosting the speed and efficiency of the posting process. Meanwhile, tenant representatives will no longer have search both platforms independently. Washington, DC-based CoStar bought LoopNet for $860m in 2012 and users of the two sites had long asked for more integration between them.
Commercial property data giant CoStar has fully integrated LoopNet's public listing service into its platform. The company is also working with the Australian Securities and Investments Commission to provide a platform for investors in commercial real estate projects that are seeking access to information about their potential tenants. This information will also no longer have to go through researchers, boosting the speed and efficiency of the posting process. Meanwhile, tenant representatives will no longer have search both platforms independently. Washington, DC-based CoStar bought LoopNet for $860m in 2012 and users of the two sites had long asked for more integration between them.