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Commercial real estate mortgage news | ||||
New Proficio Bank to Offer Unique, Specialized Banking and Mortgage Services to the Relocation, Homebuilder and Real ... JACKSONVILLE, Fla.----NHB Holdings, Inc., a Florida-based Bank Holding Company, announced today that it has received regulatory approval for its de novo bank, Proficio Bank, to market specialized banking and mortgage services to the relocation, homebuilding and real estate brokerage industries. Real estate firm Randall Hagner to be acquired J Street Development plans to acquire full-service real estate firm Randall Hagner Ltd. Economist: commercial real estate rife with activity Economist Douglas G. Duncan gave real estate executives Thursday a positive report on the economy and said the commercial real estate industry was experiencing a perfect calm, with plenty of available capital and lots of activity. Real estate notes ProLogis new corporate headquarters in Denver is one of 19 projects included on a compilation CD of green commercial real-estate developments recently released by the National Association of Industrial and Office Properties. Michigan Real Estate Firms Expand to Florida iCap Michigan and REDICO, two Michigan-based commercial real estate companies, have formed a joint venture to do business in Florida. The entity formed by the joint venture will be known as iCap Florida, and initially headquartered in the Ft. Myers/Naples area. Real estate is divvied up into 5 categories Real estate is land and anything permanently attached to the land, such as buildings, trees, landscaping, driveways, boat docks and swimming pools. The New Rules of Real Estate First, the bad news. In August the median sales price for existing U.S. homes slipped to $225,000, down from its record high, a year earlier, of $229,000. The 1.7 percent dip marked the first year-over-year drop in more than a decade, according to the National Association of Realtors. To many economists, that was irrefutable evidence that the nationwide housing slump is here to stay. Real estate news in brief: Staff appointments, sales leaders A list of recent real estate staff appointments and sales leaders. Mortgage gaps to limit property sector growth DUBAI — The slow growth of the mortgage industry in the UAE is likely to constrain the property sector demand in the short to medium term, according to industry analysts. BUSINESS BRIEFS * Pat Morrison and Fred Wanger have formed Northwest Arkansas newest commercial real estate firm, Morrison Wanger Properties. The firm is located in the Cooper Communities Building at Barrington Center in Rogers. Morrison and Wanger have been listing, leasing and selling commercial property in the area for more than 15 years. | ||||