LoopNet, an online commercial real estate marketplace, has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.The San Francisco-based company said the number of shares to be offered and the price range have not yet been determined. LoopNet enables commercial real estate brokers, and other agents, to list properties for sale or lease. In addition, the company provides technology and information services to enable commercial real estate organizations to manage their online listings and property marketing. The company can be found on the Web at http://www.loopnet.com.
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The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.
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The wholesale lender filed a motion to dismiss the case, or at least to strike the class action certification in mid-October.
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Remax, the real estate brokerage and mortgage broker franchisor of Motto Mortgage, rebounded from a year ago loss in a tough news cycle for both its businesses.
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Economists cautioned that October's employment report may not provide a fully accurate representation of the economy due to recent hurricanes.
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HomeStreet and FirstSun are working to devise a new formula after the Texas Department of Banking and the Federal Reserve declined to approve their merger application.
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Former Treasury Secretary Steven Mnuchin and his investment firm Liberty Strategic Capital are seeking to more than double his indirect ownership stake of Flagstar Financial — formerly New York Community Bank — to 22.9%, according to filings obtained by American Banker.
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