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Liberty Plaza kicks in $10.8 million

By Inman News, Tuesday, April 13, 2004.

Crescent Real Estate Equities Co.  more...

Building sold at The Crossroads

By Inman News, Tuesday, April 13, 2004.

An industrial building located at 10808 Willow Court in the Rancho Bernardo area of San Diego, Calif., has been sold for $8.6 million.  more...

Shop Rite shipshape in New Jersey

By Inman News, Tuesday, April 13, 2004.

Levin Management Corp., a regional property management firm in North Plainfield, N.J., has signed 11 leases in three states, totaling 148,891 square feet.

 

The largest lease was signed  more...

Real estate demand to remain robust

By Inman News, Tuesday, April 13, 2004.

The Mortgage Bankers Association on Wednesday released its second-quarter update to its long-term economic forecasts for 2004, 2005 and 2006, which projects strong economic growth and robust housing demand.

The MBA forecasts real gross domestic product growth will average 4.6 percent this year, 3.9 percent in 2005 and 3.8 percent in 2006.  more...

Richard Mendenhall to speak at Real Estate Connect

By Inman News, Tuesday, April 13, 2004.

Richard Mendenhall will speak at Real Estate Connect July 28-30 in San Francisco.

Missouri Realtor Richard Mendenhall was president of the National Association of Realtor on Sept. 11, 2001, one of the most fateful days in U.S. history. When terrorists attacked the World Trade Center and U.S.  more...

Real estate commission splits cross legal line Premium Content

By Glenn Roberts Jr., Tuesday, April 13, 2004.

Real estate professionals cite growth in discounters and real estate technologies, a booming real estate market and an increase in competition among brokers as being among the contributors to a surge in low commissions and uneven commission-sharing in some markets.

Uneven splits are an aspect of the changing structure of commissions in real estate, with the traditional but unofficial 6 percent commission shared by listing agent and buy-side agent sinking to a low of about 5.12 percent in 2002 and 2003, accordin  more...

Prudential launches online listings that talk

By Inman News, Tuesday, April 13, 2004.

Prudential California Realty has a new function on its Web site that enables home shoppers to listen to a "Talking Tour" of a home listing while looking at multiple photos of the home.

  more...

Buyer's market dominates in parts of Lone-Star state

By Inman News, Tuesday, April 13, 2004.

The number of active listings for existing homes in Central Texas grew to 9,400 in February, the highest level recorded for that month, according to MLS statistics reviewed by the Austin Board of Realtors.  more...

Rookie Realtor: Work smarter, not harder Premium Content

By Inman News, Tuesday, April 13, 2004.

Re: 'One of one million Realtors, sweating for first sale' (April 12)

Dear Rookie:

Twenty years ago before I became an attorney I sold real estate for a little over a year. While the nights and weekend hours kept me from continuing I found myself in the same position as you when I started. No clients. However, I soon learned that the most successful agents had lots of listings and plenty of referrals. I started farming an area and knocked on doors till my fingers bled.  more...

Real estate purchases drop

By Inman News, Tuesday, April 13, 2004.

Overall mortgage applications decreased by 22.1 percent last week on a seasonally adjusted basis and the number of refinancing applications dropped by more than 30 percent, according to the Mortgage Bankers Association's weekly survey.  more...

Real Estate Transaction from hell

By Inman News, Tuesday, April 13, 2004.

Editor's note: One of the most amazing things about the real estate business is that no two transactions ever go sour exactly the same way. The difference between closing the transaction and having it "DFT" (deal fell through) is directly correlated to the agent's problem-solving skills and how well the agent's represent their client's interests. Inman News would like you to share your personal "Transaction from Hell" that you successfully or unsuccessfully closed. Be sure to provide the "gory details" and what you did to close the transaction.  more...

Lenders ride interest rate rollercoaster

By Inman News, Tuesday, April 13, 2004.

Pennsylvania Realtors oppose tax proposal

By Inman News, Tuesday, April 13, 2004.

Chimney fumes present real estate danger

By Bill and Kevin Burnett, Tuesday, April 13, 2004.

Q: I live in an 18-year-old condo in San Mateo, Calif. It is on the top floor of a three-story building. When the condo just below me has a fire in the fireplace, I get noxious fumes–like when a candle has been snuffed–that continue as long as the fire lasts. The chimney pipes are separate but side by side and the same height. What should I do?  more...

Is hotel liable for automatic door injury to guest?

By Robert Bruss, Tuesday, April 13, 2004.

Rose Stone alleged she was knocked down in the doorway of a Marriott Hotel when the automatic doors closed on her as she was entering the hotel. Although she was unable to prove exactly what caused the doors to close on her, she argued the legal principle of "res ipsa loquitur" (the thing speaks for itself) applies.

Stone explained to the judge the doors were under the control of Marriott and were occasionally serviced by Dor-O-Matic whenever Marriott called for maintenance. Dor-O-Matic manufactured, installed and repaired the doors.  more...

 
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