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ORLANDO-Eight-month-old Public Safety Group projects sales of 2,000 at $1,495 each, or about $3 million over the next 18 months. The five founders have a combined 100 years experience in law enforcement. But their plans for marketing the new product may be crimped as they battle a lawsuit filed against them by their former employer, HTE Inc., on non-compete allegations.
CHICAGO-An 11-year agreement will result in the first on-line databank of appraiser-verified commercial property information. The site is scheduled to go live in the first quarter of next year.
CHARLOTTE-MortgageRamp and Allied Capital Express see mutual benefits in the joint partnership. MortgageRamp gains entry to Allied's small business community clients. Allied wins a ticket to sell a mix of products to MortgageRamp's commercial real estate client base.
DALLAS-Prism Financial Corp., headquartered in Chicago, has closed on the purchase of the homebuilder lending and servicing division of Dallas-based Amresco Inc.
KANSAS CITY, MO-Federal government considering $3 million for infrastructure upgrades. Butler Manufacturing still considering relocating to once moribund area.
DENVER-Aimco has secured the balance of Oxford Realty Financial Group, another apartment REIT, in a $314-million deal using cash and securities. Aimco already manages 165 of Oxford's 166 apartment complexes.