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L.A. investor lands Windy City shops

By Inman News, Monday, April 19, 2004.

Marcus & Millichap brokered the sale of The Yards Plaza, a 265,359-square-foot shopping center in Chicago.

 

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Mack-Cali renews with New Jersey tenant

By Inman News, Monday, April 19, 2004.

Mack-Cali Realty Corp.  more...

Coldwell Banker Commercial arranges SoCal disposition

By Inman News, Monday, April 19, 2004.

Coldwell Banker Commercial-North County Properties negotiated the sale of the 146,915-square-foot North Pointe West Business Park in Carlsbad, Calif.

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Grosvenor buys Illinois retail center

By Inman News, Monday, April 19, 2004.

Grosvenor has acquired Rice Lake Square, a 250,000-square-foot Whole Foods-anchored shopping center in Wheaton, Ill.

 

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Cendant focuses on growth from within

By Glenn Roberts Jr., Monday, April 19, 2004.

Cendant Corp., which has defined itself with mammoth mergers and acquisitions, is curbing its appetite for super-size additions, executives said during a first-quarter earnings conference call today. Instead, Cendant officials said, they are looking to nurture the fruits of previous acquisitions with organic growth.

"We do not need to acquire anything of massive scale," said Henry R. Silverman, Cendant CEO and president.  more...

Economy picks up pace

By Inman News, Monday, April 19, 2004.

The Conference Board on Monday announced that the U.S.  more...

Should real estate agents drop their commissions? Premium Content

By Howard Brinton, Monday, April 19, 2004.

Home sellers today have a lot of options if they don't want to pay full commission to a real estate agent. Just type the words "real estate commission discount" into a popular search engine and you will get more than 81,000 Web page listings.

The result of this trend has been some downward pressure on commissions.  more...

Rising cost of materials escalates real estate prices

By Inman News, Monday, April 19, 2004.

The rising cost of wholesale wood and metal could add about $5,000 to $7,000 more to the cost of building an average-size home, say economists for the National Association of Home Builders.

 

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3D floor plans erupt in luxury-home markets

By Inman News, Monday, April 19, 2004.

Three-dimensional floor plans are a new listing feature real estate agents specializing in luxury-home markets are using to showcase homes to potential buyers, according to the Institute for Luxury Home Marketing.  more...

Wells Fargo's mortgage revenues fall

By Inman News, Monday, April 19, 2004.

Wells Fargo today reported record diluted earnings per common share of $1.03 for the first quarter, compared with $0.88 in the first quarter of 2003, a 17 percent increase.  more...

WaMu's mortgage volume drops

By Inman News, Monday, April 19, 2004.

Washington Mutual this week reported first quarter earnings of $1.05 billion, or $1.18 per diluted share, up 10 percent on a per share basis from the same period a year ago.

 

Growth th  more...

Single-family real estate markets improve Premium Content

By Inman News, Monday, April 19, 2004.

Mortgage Guaranty Insurance Corp. on Monday reported that its national Market Trends Index rose to 6.66 in the first quarter, up slightly from 6.58 in the two previous quarters.

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Freddie Mac launches Initial Interest mortgage products Premium Content

By Inman News, Monday, April 19, 2004.

At the Mortgage Bankers Association National Secondary Market Conference & Expo in Washington, D.C. Monday, Freddie Mac announced that it will purchase and securitize a range of Initial Interest mortgages that aim to offer more financial flexibility to borrowers.  more...

Overnight mortgage rates sink

By Inman News, Monday, April 19, 2004.

Long-term mortgage interest rates were slightly lower Monday, and the benchmark 10-year Treasury bond yield rose to 4.37 percent.

The 30-year fixed-rate average dipped to 5.6 percent, and the 15-year fixed-rate fell to 4.89 percent. The 1-year adjustable was unchanged at 3.14 percent.

The 30-year Treasury bond yield increased to 5.2 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.  more...

Texas title cos. band together Premium Content

By Samantha Peterson, Monday, April 19, 2004.

Three independent title companies in Texas have formed a partnership they hope will allow them to maintain their independence while remaining competitive in an industry characterized by national companies consistently absorbing independent ones.

 

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