Closest value of huge data, Avoiding excessive iterations

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Hi all,
I have the location of red dots (1000 points) and black dots (4000 points). The red dots have values associated with them.
What I want is for each black dot, find the one closest red dot and get that associated value. So the result would be a matrix of 4000x4, where 4000 is the number of black dots:
Result=[
1 x y AssociatedRedDotValue1
2 x y AssociatedRedDotValue2
3 x y AssociatedRedDotValue3
.
.
.
4000 x y AssociatedRedDotValue4000
]
If I use nested for loop, that would be 4000000 iterations, and will crash my computer. Is there much efficient way to do this?
Thanks in advance.

Accepted Answer

KSSV
KSSV on 14 Jun 2018
Read about knnsearch. This will give you the required number of nearest points for a given point out of the data. This is very fast and effective.

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