LoopNet reviews about "hour"

37% positive business outlook

Reviews by job title

13 reviews
2.0
Apr 15, 2013

You can do better LoopNet

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great location - across the street from ATT park Free Monday breakfast, happy hour every Friday You can make a lot in commission if you work hard Meet some cool coworkers

Cons

Bought out by another company so everything is changing rapidly Base pay is very low Glorified telemarketer Company direction is unclear

2.0
May 23, 2013

Sad for the current company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Team management is great. Happy hours every Friday. Breakfast Monday and commuter checks

Cons

The have doubled price, cut leads in half, opportunity in half and doubled commission. Oh and we compete with the same leads as other parent company reps. Costar purchased loopnet over a year ago, and everything was fine until January. Costar fired 15 reps some based on performance and some not. When asked what metric they used we were told to go back to work. Then we spent 5 days at a conference where costar management basically told us we had no place in their long term plans. When asked management told us we have a job now so go to work. Since then the company has been bleeding personelle with 2-3 people a week leaving. In march there was a pricing discrepancy and when asked management told us to take advantage of that. In April they announce they were going to take commission away for those sales upward of $1000+ for some people. Only when we petitioned to keep our pay checks did costar finally give in. Culture has changed and it is no longer a good place to work.

5.0
Nov 6, 2013
Recommend
CEO approval
Business Outlook

Pros

Experienced leadership that is heavily involved, great opportunities to grow, subsidized gym membership, happy hours, realistic budgets, company is #1 in the industry, stable company that rewards hard workers, good compensation, free breakfast, fun company events, view of the ball park, . There is a reason good employees tend to stick around.

Cons

Half of management is on the east coast which makes meetings and project coordination a challenge

3.0
Feb 17, 2021
Recommend
CEO approval
Business Outlook

Pros

Currently work from home with slightly flexible hours

Cons

no incentives to help transition costs for working at home or compensation for training time

2.0
Dec 4, 2014
Recommend
CEO approval
Business Outlook

Pros

Happy hour all the time, free food, cool company outings

Cons

Team dysfunction, poor management, crappy jobs, failing company.

avatar
LoopNet Response
11y
Thanks for the feedback, and I’m sorry to hear you didn’t enjoy your time working at LoopNet. Customer service takes a lot of patience, particularly when the client is in a high-pressure industry like commercial real estate. Management and team cohesion varies, and I don’t know your particular circumstance, but we are always looking to develop our employees more, and are now introducing frontline management training to increase the skills and effectiveness of our managers. But rest assured that LoopNet is a flourishing company. Since it was acquired by CoStar Group two years ago, LoopNet has had double-digit year-over-year increases in the average revenue per user for LoopNet premium membership. In the third quarter of this year, LoopNet reached its all-time high for unique monthly visitors. CoStar Group continues to set the industry standard for commercial real estate information services, and LoopNet’s contribution as a marketing tool for clients is a critical part of the company’s success, so to call it a failure would be inaccurate.
5.0
Nov 22, 2013
Recommend
CEO approval
Business Outlook

Pros

I've worked at LoopNet a long time and have appreciated the opportunities to move up and grow in my career. Here are the best parts of working at LoopNet: - Designing, creating and building new technology that is improving the professional lives of our customers (commercial real brokers, agents, investors, developers, etc) and helping to re-shape and modernize an industry - The CEO of CoStar (parent company to LoopNet) and President of LoopNet have both founded and built their own companies from the group up and are entrepreneurs at heart - Strong vision and financial management from the c-suite has more than doubled the market cap in the last 12 months - Management actively seeks input from employee and responds to feedback - Opportunities to find and work on projects that excite you - HR and the leadership team care about the employees and help put people on the right career track - Coworkers that are supportive and who appreciate/respect the work/life balance at LoopNet - The benefit package and office perks are great (partially paid for my master’s degree, plenty of PTO, subsidizes public transit, provides a locked room for bike storage, pays 80% of the gym membership, free snacks in the office, regular happy hours, Giants games, etc) - The company was supportive and respectful when my children were born, enabling me to spend more time supporting my wife and kids - Great location in the heart of SOMA

Cons

I don't have any major cons about LoopNet. Sure, as the company has grown from a start-up to a 2,000 person company, there are more protocols and work rules, but that is no different than any other mid/large size company.

5.0
Oct 21, 2013
Recommend
CEO approval
Business Outlook

Pros

Happy hours, free commuter checks, subsidized gym membership, free ball game tickets, hep working space. Good work/life balance.

Cons

There are some things that can't be avoided when you are a company this size, but nothing serious enough to highlight.

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