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NATIONAL REAL ESTATE INVESTOR
Newsline Technology Edition
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 LoopNet Wins Apple Approval for Property Search iPhone Application
 Madison Commercial Launches Web Portal
 Pratt Renames Online Law Library

TOP STORY

LoopNet Wins Apple Approval for Property Search iPhone Application
By Denise Kalette

The commercial real estate listing service LoopNet (NASDAQ: LOOP), based in San Francisco, has taken its online marketplace to a new technology level by making a deal with computer giant Apple to offer an iPhone application for property searches.

Apple, based in Cupertino, Calif., approved the iPhone application little more than a week ago, and the online marketplace wasted no time in making it available to users of its service, says LoopNet vice president Mike Manning.

“The new LoopNet iPhone application benefits both property searchers, including investors and tenants, and real estate professionals marketing property,” says Manning. “Business gets done in real time on the fly from wherever the broker and the prospective investor or tenant happens to be.”

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Roundups

Madison Commercial Launches Web Portal
Staff report

Madison Commercial Real Estate Services, based in Lakewood, N.J., has launched a new Web portal to provide online services and information for mortgage brokers, real estate and tax attorneys, accountants and owners of investment and business properties.

The portal serves six independent companies that operate under Madison’s corporate umbrella. Each firm targets a particular sector of the commercial real estate industry. For instance, Madison Title Agency handles searches and provides services in all 50 states, while Real Diligence provides financial due diligence for commercial real estate acquisitions and loan workout services.

The new Web site incorporates information about title insurance and closing services, bank-owned real estate and bulk transactions, cost studies and lease administration. It also provides information related to loan modification and financial due diligence, among other topics.

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Pratt Renames Online Law Library
Staff report

A.S. Pratt & Sons, the Washington, D.C.-based publisher of financial and legal resources, has renamed its online law resource the Financial Services Law Library. The Web-based service is available for research on commercial real estate finance and other topics.

The new name better reflects the content of the library, which includes information on commercial lending, accounts and payment systems, and capital and governance, the company says.

Among its offerings, the library contains information on secured transactions, and newsletters such as Pratt's Bank Law & Regulatory Report, and Pratt’s Journal of Bankruptcy Law.

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