Thursday, September 2, 2010

NAI RGV Reintroduces Itself to the Market

Texas Border Business
Thursday, September 2nd, 2010
By Roberto Hugo Gonzalez
Photo By Roberto Hugo Gonzalez - Mike Blum, NAI-Rio Grande Valley managing Partner


They find that the valley sold $1.5 billion in the food, beverage and hospitality industry

In 2004 Mike Blum approached Charles Mueller owner of Synergies LLC, a multi-faceted Rio Grande Valley based company, with the idea of creating a real estate division. Mueller agreed and Synergis Realty Group was created.

“Almost at the same time of that creation the then NAI Global affiliate which was known as NAI RIOCO decided to give up its NAI flag,” Blum stated. Blum, who had been with NAI RIOCO since 1997, knew the unique opportunity and the numerous benefits that come with acquiring the NAI flag. Immediately, Mueller and Mike approached the NAI Global Corporation about becoming the NAI affiliate in the Rio Grande Valley.

So in 2005 the deal was made and we became NAI Rio Grande Valley with over $100 million worth of listings that came over to our table,” Blum stated. With this affiliation, NAI Rio Grande Valley became the NAI Global Rio Grande Valley affiliate. NAI Global is the largest managed, network of commercial real estate professionals with over 5,000 professionals, 325 offices in 55 countries. This makes it possible for NAI Rio Grande Valley to help its clients around the corner and around the world. “We are no longer affiliated with NAI RIOCO, in fact, NAI RIOCO does not exist.”

Blum is the managing partner for the company. He is well known as someone who loves to study and understand the markets. He believes this is important because knowledge is power and markets are in a constant state of evolution. “We are ...

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Personal income up in McAllen while U.S. sees decline

The Monitor
September 02, 2010 
By: Ana Ley

McALLEN — Personal income in the McAllen area grew slightly last year, while most metro areas in the United States experienced a decline.

Although the McAllen-Edinburg-Mission area — which comprises all of Hidalgo County — saw 2.8 percent growth in personal income, per capita personal income remained stagnant, according to statistics released by the federal Bureau of Economic Analysis.

Per capita personal income is the personal income of the residents of an area divided by the population of that area. It allows apple-to-apple comparisons between areas even if they have very different populations.

Personal income — the income received by all people from all sources — declined last year in 223 of the nation’s metro areas, increased in 134 of them and remained unchanged in 9.

Pedro Salazar, president of the Edinburg Economic Development Corp., attributed the growth to an increase in educational attainment in the Rio Grande Valley.

“People are getting ...

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Maquiladora industry picks up after recession

The Monitor
August 31, 2010
By: Ana Ley

McALLEN — The maquiladora industry in Reynosa is recovering from a steady decline it experienced during the economic recession, according to Mexican statistics.

Export-related employment there grew by about 1,000 jobs in May, up from 76,000 jobs the month before, according to the most recent data available from Mexico’s National Institute of Statistics and Geography, known by its Spanish acronym INEGI.

Reynosa maquilas had as few as 69,000 jobs in May 2009.

Five U.S. companies opened shop in Reynosa this year and boosted employment there, said Keith Patridge, president and CEO of the McAllen Economic Development Corp.

“Then we have the existing companies that are ...

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