Now You Too Can Invest In Commercial Real Estate

From Houston Chronicle:

LoopNet Inc., which operates a Web site listing commercial real-estate properties for sale or lease, plans to go public in an initial offering of stock worth as much as $86.2 million.
As of Dec. 31, the San Francisco-based company’s online marketplace contained approximately 335,000 listings for more than $268 billion of property available for sale and more than 2.7 billion square feet of property available for lease, according to the filing.
The shares are expected to list on the Nasdaq Stock Market under the symbol LOOP.
In 2005, LoopNet had net income of $18.94 million on revenue of $30.98 million, compared with profit of $3.72 million on revenue of $17.04 million a year before.

About David Burn

Co-founder and editor of AdPulp. I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. I worked for seven agencies in five states before launching my own practice in 2009. Today, I am head of brand strategy and creative at Bonehook in Portland, Oregon.