LoopNet, Inc., which operates the largest online commercial real estate marketplace, released the first commercial real estate search application for iPhone and iPod touch users. Now available as a free download from iTunes, the LoopNet Commercial Real Estate Search Application allows users to search, locate and access all 745,000 available properties nationwide from their mobile devices.


With this application, LoopNet remains at the forefront of technology and information services offerings for the commercial real estate industry, increasing the speed and ease with which investors, brokers, sellers, tenants and other professionals can find information on property that is for sale or lease.


"The new LoopNet iPhone application for commercial real estate search provides industry professionals with amazingly easy access to listings from anywhere at any time, and uses the iPhone's GPS capabilities to return results based on the searcher's physical location," says Mike Manning, Vice President of Marketing for LoopNet. "This benefits both property searchers and real estate professionals marketing property.


With listings at your fingertips on the go, business gets done in real time from wherever the broker, prospective investor, or tenant happen to be."


Features on LoopNet's iPhone application include:


* Location Finder: Explore properties in your immediate area using the iPhone's built-in GPS capabilities, then walk or drive around and explore properties in your vicinity ... without having to go back to the office to access a computer or run a listings report.


* Custom Search: Filter results by price, building size and property type (office, industrial, retail, land, multifamily, etc.).


* Driving Directions: Use Google Maps to plot properties or email directions to a client or friend. The LoopNet iPhone App is FREE to download, and available for both the iPhone and iPod touch, in Apple's App Store. Search for "LoopNet" in the App store.