FTC Places Conditions on CoStar’s $860 Million Acquisition of LoopNet

WASHINGTON, D.C. – April 26, 2012 – (RealEstateRama) — The Federal Trade Commission will require CoStar Group, the largest provider of commercial real estate information services in the United States, to sell LoopNet’s ownership interest in Xceligent, under a proposed order settling charges that CoStar’s $860 million acquisition of LoopNet would be anticompetitive.