Loopnet Reports Strong Quarter Earnings
In this article, author Rick Munarriz repeats his earlier speculation that commercial real estate portal Loopnet may be ripe for online giant eBay acquisition.
SOURCE: The Motley FoolCommercial real estate may not be the safe haven that investors in tattered residential real estate covet, but it's good enough for LoopNet.
The leading online marketplace for commercial real estate listings posted another strong quarter yesterday. Revenue climbed by 47% to $18.6 million.
Commercial real estate has avoided many of residential real estate's pitfalls, but subprime concerns on the residential side are making lenders choosier on the commercial side, too. That is having an impact on the number of successfully completed transactions in the industry.
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