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Stonebridge Ranch sells in Arizona

By Inman News, Sunday, May 16, 2004.

Hendricks & Partners brokered the sale of Stonebridge Ranch, a 392-unit apartment community in Chandler, Ariz.

The value of the transaction was $32.5 million.

The property, located at 575 West Pecos Road, opened in 2002. The class A community offers 9 spacious floor plans, a density of less than 15 units per acre and full common-area amenities, including detached garages.

San Diego-based Fairfield Stonebridge L.P. sold the property to Chandler Stonebridge L.P. of San Diego.  more...

Massachusetts office complex changes hands

By Inman News, Sunday, May 16, 2004.

CB Richard Ellis/Whittier Partners negotiated the sale of Two and Three University Office Park in Waltham, Mass.

The sale price was not disclosed.

The property is a 278,000-square-foot, two-building complex that was 75 percent leased at the time of sale. The property includes two six-story office buildings with an attached two-story, 183-space parking deck located on Sawyer Road, next to Brandeis University.  more...

High-density development, infill boost urban economies

By Inman News, Sunday, May 16, 2004.

Commercial market demand is making infill development viable and profitable, while high-density development increases efficiency and leads to higher economic productivity, according to presentations at a commercial real estate forum at the National Association of Realtors Midyear Legislative Meetings & Trade Expo in Washington, D.C.  more...

Realtors extend online listings deadline

By Inman News, Sunday, May 16, 2004.

Multiple Listing Services owned by Realtor groups now have until Jan. 1, 2005, to implement the National Association of Realtors' virtual office Web site (VOW) policy, which governs how brokers can display one another's home listing data online.

NAR's Board of Directors voted to push back the deadline during its midyear legislative meeting Saturday in Washington, D.C. The deadline already had been extended from Jan. 1 to July 1, 2004.

Meanwhile the U.S.  more...

Realtors to overhaul MLS policies Premium Content

By Glenn Roberts Jr., Sunday, May 16, 2004.

The National Association of Realtors is overhauling its MLS guidelines and policies, some of which have been in place for more than 30 years.  more...

Real estate dot-coms find profit recipe Premium Content

By Jessica Swesey, Sunday, May 16, 2004.

In real estate, it's all about leads.

And there's no shortage of leads on the World Wide Web. In fact, Internet-generated leads are what today's fastest-growing online real estate companies have in common.  more...

Real estate lenders play ball Premium Content

By Samantha Peterson, Sunday, May 16, 2004.

The Texas Rangers no longer play at The Ballpark in Arlington. When players and fans alike head to a game, they now go to Ameriquest Field in Arlington, thanks to a recent naming rights deal between the baseball team and the subprime mortgage company.

After all, baseball and home ownership are both American institutions, Ameriquest's marketing pros reasoned.  more...

Hope for Rookie Realtor

By Inman News, Sunday, May 16, 2004.

Wow, what a weekend! Between Friday morning and Sunday afternoon, I wrote not one, not two, but three offers on different properties for my clients.

Now comes the hard part: Waiting to see what happens next.

I'm sure many veteran agents probably wouldn't be impressed with what I've accomplished in the past 72 hours. One of the top-producers in my own office recently wrote six offers in a single day, and four of the six were eventually accepted.  more...

Builder confidence holds steady

By Inman News, Sunday, May 16, 2004.

A reported rise in the traffic of prospective home buyers at model homes has kept builder confidence steady, the National Association of Home Builders reported today. The association's Housing Market Index, which gauges monthly builder sentiment, matched April's reading of 69.

Scores above 50 indicate good conditions in the housing market, while scores below 50 indicate poor conditions.  more...

Nashville real estate blooms

By Inman News, Sunday, May 16, 2004.

Realtors want redevelopment, affordable housing

By Inman News, Sunday, May 16, 2004.

WASHINGTON, D.C.–Local and state priority issues for Realtors include community revitalization and redevelopment, affordable housing, sales taxes on realty services, smart growth and land use, and state and local taxes and public finance, according to a National Association of Realtors survey of governmental affairs leaders at state and local Realtor associations.  more...

'Burbs growing faster than cities

By Inman News, Sunday, May 16, 2004.

Digital directories attract online real estate

By Inman News, Sunday, May 16, 2004.

Vertical digital directories, which are online properties that provide structured content for a niche category such as real estate, home improvement or travel, serve as a bridge to online and paid search advertising for many local businesses, according to an industry group study.

Vertical directories play a dual role online.  more...

Real estate officials issue preemption warning

By Inman News, Sunday, May 16, 2004.

An organization of state-level government officials who regulate real estate brokerage businesses has taken a position that national banks shouldn't be exempt from state real estate licensing laws and regulations.

"Federal legislation or administrative direction must not contain any provision that exempts national banks or their operating subsidiaries from state or territorial real estate licensing laws and regulations now in place in each jurisdiction," the Association of Real Estate License Law Officials said in a statement today.

The policy declaration encompasses both rea  more...

Mortgage holders have higher credit scores

By Inman News, Sunday, May 16, 2004.

A study released today by Experian Consumer Direct has found that consumers with at least one open mortgage have higher credit scores than those who don't.

The average Experian PLUS Score for consumers with at least one mortgage is 716, compared to 667 for consumers who don't have a mortgage.

The study also found the average mortgage amount is about $136,000 for U.S. consumers. Only 10 percent of consumer mortgages exceed $250,000.  more...

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