By Inman News, Tuesday, December 14, 2004. Fidelity National Financial today announced it has repurchased more than 2.5 million shares of FNF common stock from Willis Stein & Partners, a Chicago-based private equity firm, and J.P. Morgan Chase, as escrow agent for the former stockholders of Aurum Technology Inc. FNF acquired Aurum in March 2004. FNF paid total consideration of $112.2 million, or $44.35 per share, for the 2,530,346 shares of stock, a discount to the closing price of FNF's common stock on Dec. 13, 2004. more...
By Inman News, Tuesday, December 14, 2004. Inland Western Retail Real Estate Trust has completed a $138 million sale-leaseback transaction with tenant Zurich American Insurance Co. for two 20-story towers in Schaumburg, Ill. The towers, which are the tallest buildings in Schaumburg, have been Zurich's North American headquarters since they were completed in 1990. Today approximately 3,000 employees work in the 895,418-square-foot towers. more...
By Inman News, Tuesday, December 14, 2004. Voit Development Co. recently acquired an 86,633-square-foot office building in Tustin, Calif. The acquisition was valued at $10 million. At the time of sale, Voit had leased approximately 53 percent the building to Safeco Insurance Co. of America, which signed a three-and-a-half-year lease for approximately 45,965 square feet of the building. The lease was valued at $3.6 million. more...
By Inman News, Tuesday, December 14, 2004. CB Richard Ellis/Whittier Partners negotiated the sale of Heritage on the Merrimack, a 240-unit apartment community in Bedford, N.H. The property sold for $28.4 million. Cornerstone Real Estate Advisers LLC purchased the property from SSR Realty Advisors Inc. more...
By Barry Stone, Tuesday, December 14, 2004.
By Inman News, Tuesday, December 14, 2004. Corrigo Inc., a provider of service management tools to real estate organizations, today introduced an updated product that provides location information and mapping services for Research in Motion's BlackBerry platform. The tool aims to streamline service delivery by connecting dispatch, field staff and management via BlackBerry, and improve customer service, maximize staff productivity and lower costs by enhancing overall operating efficiencies. more...
By Inman News, Tuesday, December 14, 2004. Radian Group Inc., a company that specializes in mortgage insurance, public finance, reinsurance and structured finance, has unveiled a new Web site that includes resources such as stock and financial reports. more...
By Inman News, Tuesday, December 14, 2004. Nearly 4,000 young people who never finished high school will get a second chance to receive their diplomas while learning valuable home-building skills through a grant program announced Monday by Housing and Urban Development Secretary Alphonso Jackson. more...
By Inman News, Tuesday, December 14, 2004. A man accused of scamming Minnesotans out of their homes has agreed to return the properties or pay restitution. Minnesota Attorney General Mike Hatch on Monday announced the court settlement with James Hoffman, who had been accused of predatory financing schemes against 65 homeowners in the Twin Cities and surrounding areas, the Star Tribune reported. more...
By Inman News, Tuesday, December 14, 2004. ZipRealty's successful November IPO included a directed shares program that offered ZipRealty customers the option to purchase shares of common stock at the launch price, the company said today. ZipRealty reserved up to 5 percent of the company's common stock for purchase at the launch price for anyone who bought or sold a home with ZipRealty prior to Sept. 30, 2004, as well as for employees. more...
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