By Inman News, Monday, July 19, 2004. Coldwell Banker King Thompson, a real estate brokerage in Columbus, Ohio, today announced the purchase of Residential One of Ohio Inc. The company's eight residential offices, which do business as Prudential Residential One, Realtors, will now do business under the banner of Coldwell Banker King Thompson. The merger will create a combined presence that includes 1,745 sales associates in 37 office locations statewide. more...
By Inman News, Monday, July 19, 2004. Hendricks & Partners negotiated the sale of the Henry Portfolio, consisting of seven multifamily properties totaling 528 units in Corpus Christi, Texas. The total value of the transaction was not disclosed. A Corpus Christi-based entity sold the portfolio to a California investor. Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties. *** more...
By Inman News, Monday, July 19, 2004. Marcus & Millichap brokered the sale of the 115,635-square-foot Cameron Court Office Park in West Covina, Calif. The value of the transaction was $14.4 million. The multi-tenant office property is located at 1501 W. Cameron Ave. and was constructed in 1982. A Southern California investment group initiated a 1031 exchange to sell the property to an Arcadia, Calif.-based investment partnership Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** more...
By Inman News, Monday, July 19, 2004. Binswanger/CBB represented Lofton Corp. in the sale of a 214,050-square-foot industrial building in Lofton, Va. The value of the transaction was $2.2 million. The one-story property is situated on 149 acres. Lofton Corp., a subsidiary of AWH Corp., specializes in sheet-metal fabrication. The company ceased operations at this location more than four years ago due to consolidation and has leased the space in the interim. more...
By Inman News, Monday, July 19, 2004. Editor's note: Tomorrow in Inman News, we'll publish the first of a three-part series on privacy and real estate. Find out what the Patriot Act means for your business, what other companies in the industry are doing about privacy and how to protect yourself and your business. The average real estate transaction involves mounds of personal data: tax records, employment history, credit reports, marital status, financial records, current and past residence addresses, rent receipts and criminal records. more...
By Inman News, Monday, July 19, 2004. The Inman Innovator awards will be presented July 28 at Real Estate Connect in San Francisco. A complete list of finalists in each category is available online. Seven real estate applications made the list of finalists for the Inman Innovator Award this year in the real estate transaction category. more...
By Inman News, Monday, July 19, 2004. Home prices in Canada's major markets via the Multiple Listing Service rose considerably in June, while existing-home sales rose at a smaller pace, according to The Canadian Real Estate Association. The major-market MLS residential average price rose 10 percent year-over-year to $248,584, its sixth consecutive double-digit increase. The MLS residential average price set a new monthly record in a number of major markets, including Calgary, Edmonton, Regina, Saskatoon, Ottawa, Hamilton-Burlington, Montreal and Quebec City. more...
By Inman News, Monday, July 19, 2004. ForSaleByOwner.com today will begin offering a free eBook, which aims to be a guide to do-it-yourself home buying and selling. "The Complete Guide to Buying and Selling Your Own Home," an easy-to-read 65-page guide, is available for download at http://www.forsalebyowner.com/ebook. more...
By Inman News, Monday, July 19, 2004. Single-family housing starts and building permits dropped from May to June, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported today. And housing starts, building permits and housing completions for all privately owned housing units also declined from May to June. In May, single-family building permits were also down from April totals, as were single-family housing starts. more...
By Inman News, Monday, July 19, 2004. HomeBanc Corp. has completed its initial public offering of 34.5 million shares of its common stock at a price to the public of $7.50 per share, the Atlanta-based company announced Monday. The company said it was the largest mortgage real estate investment trust IPO ever. The company in March received a letter from the U.S. Department of Housing and Urban Development asking for answers to questions about the company's marketing alliances with real estate brokers and home builders, and whether those alliances comply with the Real Estate Settlement Procedures Act. more...
By Inman News, Monday, July 19, 2004. Home loan giant Countrywide Financial is the expected buyer of Cendant's mortgage business, according to news reports. Cendant Corp. today announced that it is in discussions with a potential buyer of its mortgage business, but it did not reveal the prospective company's name. Cendant also is talking with the potential buyer about creating an ongoing relationship to provide for its continued participation in the mortgage business through its residential real estate, relocation and settlement services businesses. more...
By Inman News, Monday, July 19, 2004. Inman News has added two seasoned professionals to its management team. Joining the company as vice president of operations is Fougere Robertson, who is responsible for administrative, Web site and customer service and retention functions. Robertson comes to Inman News after seven years with SBC Communications, where, among other things, she led a customer support team. Robertson has served as a computer consultant with a variety of companies over the last two decades, working with customers ranging from Wells Fargo to Carlos Santana. more...
By Inman News, Monday, July 19, 2004. Relocation management company RELO Direct has launched a new version of its corporate Web site, RELODirect.com, which features information to assist transferees through the relocation process, including moving tips, IRS publications related to relocation and consultant bios. The password-protected client section features useful tools such as a policy library, white papers, links to essential forms, and transferee handouts on relocation services. more...
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