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Orange County investor buys apartments

By Inman News, Monday, May 31, 2004.

Hendricks & Partners is pleased to announce the sale of Strada, a 130-unit apartment community in Orange, Calif. 

The value of the transaction was $19 million.

The property is located at 175 North Feldner Road.

Newport Beach, Calif.-based CT Realty sold the property to Newport Beach-based Rudy A. Mariman.

Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties.

***
 more...

Aimco takes Manhattan

By Inman News, Monday, May 31, 2004.

Apartment Investment and Management Company (Aimco) closed on the purchase of five contiguous apartment properties having 72 apartments located on New York City's Upper East Side. The address of the acquired properties is 167-173 East 90th Street, between Lexington and Third Avenues.

The total value of the transactions was $14.5 million.  more...

Site sold for multifamily complex in Massachusetts

By Inman News, Monday, May 31, 2004.

CB Richard Ellis/Whittier Partners negotiated the sale of The Residences at Presidents Place, a 200-unit apartment development site in Quincy, Mass.

Intercontinental Real Estate Fund IV LLC purchased the site for approximately $5.2 million.

The Residences at Presidents Place is located within the Presidents Place mixed-use development. President's Place is comprised of 349,085 square feet of class A office space, 40,000 square feet of retail space and a 1,100-space garage.

Lincoln Property Co. was the seller.  more...

Dialogue opens for protecting real estate data

By Inman News, Monday, May 31, 2004.

InternetCrusade and attorney Brian Larson today announced the creation of a new listserv as a forum for discussions about protecting MLS data from abuse. InternetCrusade will host the listserv, and Larson will act as editor and moderator.

The listserv, protectmlsdata.internetcrusade.com, is now accepting subscribers, and the first moderator post is slated for Monday, June 8.  more...

Radian financial guaranty cos. to merge

By Inman News, Monday, May 31, 2004.

Internet sets real estate data free Premium Content

By Jessica Swesey, Monday, May 31, 2004.

Editor's note: Ten years ago, the first home listings were put on the Internet. In this special Inman News series, our editorial team explores the implications of this decade of online experimenting, investing and haggling.

Nearly 10 years ago, Saul Klein traveled around the country trying to convince Realtor associations and MLSs to give the public access to home listings.  more...

Progress, not perfection with real estate on the Web Premium Content

By Marcie Geffner, Monday, May 31, 2004.

Editor's note: Ten years ago, the first home listings were put on the Internet. In this special Inman News series, our editorial team explores the implications of this decade of online experimenting, investing and haggling.

Ten years have passed since real estate debuted on the Internet. Much has been gained and much has been improved during this decade in cyberspace, but just as much has been lost or has yet to be accomplished.  more...

Internet shifts focus from paperwork to people Premium Content

By Samantha Peterson, Monday, May 31, 2004.

Editor's note: Ten years ago, the first home listings were put on the Internet. In this special Inman News series, our editorial team explores the implications of this decade of online experimenting, investing and haggling.

Ah, the good ol' days.

Credit reports that took two weeks to get. Out-of-date printed interest rates. All consumer interaction had to be done in person or on the telephone because e-mail didn't exist yet.

Seem like a distant memory?  more...

Realty agents e-volve with technology Premium Content

By Glenn Roberts Jr., Monday, May 31, 2004.

Editor's note: Ten years ago, the first home listings were put on the Internet. In this special Inman News series, our editorial team explores the implications of this decade of online experimenting, investing and haggling.

Ten years ago, a new global movement began to displace the earliest cyber-civilizations. The glory days of electronic Bulletin Board Systems, which connected local computer users through primitive dial-up computer networks, were giving way to a new era.  more...

Real estate broker adds franchisees

By Inman News, Monday, May 31, 2004.

New York Times taps into real estate buzz

By Inman News, Monday, May 31, 2004.

On Sunday, June 6, The New York Times will launch a newly redesigned and enlarged real estate section with expanded residential coverage, practical columns for buyers and sellers and additional bold color pages. NYTimes.com will also enhance its existing real estate section by adding multimedia to select columns, improving search functionality and offering community comparison tools and reader forums.  more...

Real estate construction spending rises

By Inman News, Monday, May 31, 2004.

Private residential construction spending was at a seasonally adjusted annual rate of $520.7 billion in April, or 1.2 percent above the revised March estimate of $514.7 billion, the U.S. Department of Commerce reported today. In April 2003, the seasonally adjusted annual rate of private residential construction spending was $443.9 billion, or 17.3 percent lower than the April 2004 estimate.  more...

Real estate franchisor unplugs agents

By Inman News, Monday, May 31, 2004.

Realty World Northern California, a regional real estate franchisor, today said it plans to implement an enterprise wireless mobile office service for its 1,100 agents in more than 400 real estate offices in Northern California and Northern Nevada.

The Realty World Wireless Office will be bundled as part of the company's standard offering to new franchisees and will be available to existing franchisees as an option.  more...

ABN AMRO reports April loan production

By Inman News, Monday, May 31, 2004.

ABN AMRO Mortgage Group, one of the nation's largest mortgage lenders, reported an April residential mortgage production of $8.2 billion, with more than 45,500 loans funded.

Meet Garth Graham, SVP E-Commerce, ABN AMRO Mortgage Group Inc., at Real Estate Connect on July 29, where he will partic  more...

Commission-saving book a blessing for home sellers

By Robert Bruss, Monday, May 31, 2004.

Despite the title of Robert Irwin's new book, real estate agents have nothing to fear from "Sell Your Home and Save Thousands on the Commission." At first I thought it was about how to sell a home without a real estate agent. Wrong! Then I thought it was about how to cut the realty agent's sales commission when listing a home for sale. Wrong again.  more...

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