June 1st, 2011, By

CoStar – LoopNet Goes Public

CoStar Group began offering 3.75 million common shares to fund the pending $860 million acquisition of LoopNet, Inc, an online commercial real estate property listing space.  Through this, CoStar will acquire extensive economic data concerning the CRE market, including coverage of property values, market conditions, and available real estate. Read more at HousingWire