Marshall & Swift Buys LoopNet’s AppraiserLoop

Marshall & Swift Inc., Los Angeles, a provider of residential and commercial real estate cost data and appraisal technologies, has purchased LoopNet’s Internet-based subscription service, AppraiserLoop.The terms of the transaction were not disclosed. The deal will give LoopNet, a San Francisco-based commercial real estate information services provider, more time to focus on its online commercial listing service, while it gives Marshall & Swift a tool that combines a variety of data sources and management tools in one comprehensive package. The tool will be re-launched as M&Sconnect, which Marshall & Swift hopes will tap the largely undeveloped networking possibilities in the appraisal industry. LoopNet will remain a data exchange partner with Marshall & Swift. Also included in the sale is the long-term contract with the Appraisal Institute, a professional organization of real estate appraisers, to develop and operate the Web-based data cooperative Appraisal Institute Commercial Database. The companies can be found online at http://www.marshallswift.com and http://www.loopnet.com.