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Rookie fans reader flames

By Inman News, Sunday, May 9, 2004.

Re: 'Rookie Realtor spouse speaks out' (May 10)

Dear Editor:

How long are you going to keep this farce of Gomer Pyle/Forrest Gump caricature "Rookie" alive? You've milked it for all it is worth.  more...

Family trust lands Rubbermaid facility

By Inman News, Sunday, May 9, 2004.

Grubb & Ellis/BRE Commercial negotiated the sale of the 143,786-square-foot Rubbermaid facility in Vista, Calif.

The value of the transaction was approximately $9 million.

Nelson Family Trust purchased the industrial facility, located at 929-951 Poinsettia Ave., from Amir Family Trust.

Steve Rowland and Andy Melzer with Grubb & Ellis/BRE Commercial represented the seller and Kerry Schimpf of East County Properties represented the buyer.

San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage company.  more...

Voit takes Orange County by industrial storm

By Inman News, Sunday, May 9, 2004.

Voit Commercial Brokerage recently completed industrial lease transactions in Orange County, Calif., totaling nearly 158,000 square feet.

The total value of the transactions was not disclosed.

The County of Orange has signed a 60-month lease agreement on a 21,303-square-foot office building located at 12661 Hoover St. in Garden Grove for $1.7 million.

Mike Bouma of Voit's Anaheim Metro office represented the lessor, PGP Partners. The County of Orange represented itself.  more...

Video game retailer relocates headquarters

By Inman News, Sunday, May 9, 2004.

Texas-based developer Hillwood has sold a 369,200-square-foot building in Grapevine, Texas, to video game retailer GameStop.

The value of the transaction was not disclosed.

The property, located at 625 Westport Parkway, will serve as the GameStop's corporate headquarters and distribution center. GameStop will be operational in the new building in the spring of 2005.  more...

Social networking sites spin real estate Webs Premium Content

By Jessica Swesey, Sunday, May 9, 2004.

Hanafi Libman, an associate broker with Coldwell Banker Bain in Seattle, stumbled across social networking Web sites like most people do–through someone he knew who was already involved in one. After mulling around on Tribe.net, a networking Web site where users mix business and fun, he joined a discussion group for real estate referrals and ended up creating his own group, or "tribe," for Seattle real estate.

Tribe.net hasn't resulted in any business referrals for Libman. At least not yet.  more...

Legal eagle to enforce real estate settlement act Premium Content

By Samantha Peterson, Sunday, May 9, 2004.

Gary Cunningham sees his new role at the U.S. Department of Housing and Urban Development as a good fit for both his professional background and his interests.

He worked as a private-practice attorney specializing in real estate, finance, construction and corporate law. He served as general counsel for the development of the $300 million St. Louis convention center, home to the St. Louis Rams football team. He also worked for a construction firm in St. Louis.

And most recently, he spent about a year at the U.S.  more...

Rookie Realtor spouse speaks out

By Inman News, Sunday, May 9, 2004.

Hi. My name is–well, my name's not important–but I'm the Rookie Realtor's spouse.

Every week, for the past few months, my "better half" has whined, ranted and raved in this column.

Now, it's my turn.

First off, I don't think that writing this type of weekly article is such a great idea.  more...

Real estate company seeks 'Raving Fans'

By Inman News, Sunday, May 9, 2004.

Weichert Relocation Resources Inc. (WRRI) today announced the formal launch of its Raving Fans program, a progressive customer service program that aims to establish a new benchmark for service excellence in the relocation industry.

"The goal is to turn the clients and relocating employees we serve into Raving Fans," said Aram Minnetian, president of WRRI. "In other words, customers who pay WRRI the ultimate compliment by referring new customers and giving us repeat business."

Long & Foster boosts real estate sales

By Inman News, Sunday, May 9, 2004.

The Long & Foster Cos. reported that total April sales for all of its companies totaled $5.4 billion, a 34 percent increase over April 2003.  more...

Real estate veteran named IndyMac director

By Inman News, Sunday, May 9, 2004.

Real estate sales to ease in second half

By Inman News, Sunday, May 9, 2004.

Countrywide home loan pipeline slows

By Inman News, Sunday, May 9, 2004.

Countrywide Financial Corp. today released April operational data, which showed average daily application volume exceeded $2 billion for the second consecutive month.

The pipeline of loan applications in progress was $55 billion, down 5 percent from last month.

Loan fundings rose 11 percent last month to $36 billion, due to March's strong ending pipeline. Fundings, however, were down 15 percent over the same month last year. Year-to-date fundings reached $112 billion.  more...

More info on real estate foreclosures

By Inman News, Sunday, May 9, 2004.

Foreclosure.com, an online residential foreclosure property information resource, today unveiled enhancements to its Web site.  more...

Overnight mortgage rates trend higher

By Inman News, Sunday, May 9, 2004.

Long-term mortgage interest rates rose further Friday, and the benchmark 10-year Treasury bond yield moved up to 4.76 percent.

The 30-year fixed-rate average jumped to 6.04 percent, and the 15-year fixed-rate increased to 5.37 percent. The 1-year adjustable was up at 3.35 percent.

The 30-year Treasury bond yield increased to 5.46 percent.

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

Can I have two principal residences at the same time?

By Robert Bruss, Sunday, May 9, 2004.

DEAR BOB: My wife and I are avid readers of your educational articles, especially because we own four properties in three states. Following your suggestion, we put their titles into a living trust so our heirs won't be burdened with probates in several states. But my question is about that Internal Revenue Code 121 principal residence sale tax break. We plan to sell our New York condo this year and live in our other principal residence year-round. However, we have rented the condo for about two years. It was formerly our full-time year-round primary residence.  more...

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