By Inman News, Thursday, July 22, 2004. CB Richard Ellis/Whittier Partners and Trammell Crow Co. brokered a long-term, 100,221-square-foot lease at Ten/10 Post Office Square in Boston. The value of the transaction was not disclosed. The landlord, Walton Ten-10 Post Office Investors III LLC, renewed the space to Boston Private Financial Holdings Inc., a private banking, wealth management and advisory services company. Boston Private Financial Holdings renewed its lease for 11 years and increased its presence in the building with this lease by more than 8,000 square feet. more...
By Inman News, Thursday, July 22, 2004. Inland Real Estate Corp. acquired Crystal Point Center, a 339,898-square-foot retail center in Crystal Lake, Ill. The value of the transaction was approximately $37.3 million. more...
By Inman News, Thursday, July 22, 2004. Marcus & Millichap arranged the sale of a 40,398-square-foot, mid-rise office building in Bethesda, Md. The value of the transaction was $11.8 million. Maryland-based H & M Enterprises sold the property to a private trust buyer. The four-story property is located at 7220 Wisconsin Ave. in the heart of downtown. The building was constructed in 1960 and renovated in 1996. The property was 100 percent occupied at the time of sale. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** more...
By Jessica Swesey, Thursday, July 22, 2004. Since Barry Diller's InteractiveCorp bought LendingTree a year ago, the company has been on an acquisition binge, buying up high-traffic Web sites to add to its growing online real estate empire. Diller purchased LendingTree in May 2003, then later acquired certain assets of GetSmart.com, the highly-coveted RealEstate.com domain and Domania. more...
By Inman News, Thursday, July 22, 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. Eight companies will compete for the Inman Innovator Award this year in the real estate technology category. more...
By Inman News, Thursday, July 22, 2004. Thanks to the Enron scandal, transparency is at an all-time high. And that clarity enables observers of public companies to see which ones are going strong and which ones are shaking in their boots. In the past week, real estate giant Cendant's real estate earnings were up a whopping 31 percent, while home loan finance heavyweight Washington Mutual's earnings dipped 49 percent. more...
By Bernice Ross, Thursday, July 22, 2004.
(This is Part 2 of a three-part series. See Part 1: Will next housing bust kill my business? and Part 3: Real estate survival of the fittest.) Today, the National Association of Realtors has more than 1 million members. If the country slips into a real estate recession, 30 percent to 50 percent of those Realtors may be out of business soon. more...
By Inman News, Thursday, July 22, 2004. - The 10th annual Real Estate Connect conference kicks off in San Francisco, July 28-30. Real estate and technology leaders will gather for three days to discuss the latest industry innovations. InteractiveCorp CEO Barry Diller headlines the opening day on July 28.
- The California Association of Mortgage Brokers will hold its annual conference, August 4-7 in Long Beach, Calif. more...
By Inman News, Thursday, July 22, 2004.
By Inman News, Thursday, July 22, 2004. Countrywide Bank announced today it is continuing its national expansion with the opening of two new financial centers in the Pittsburgh, Pa., area. The new financial centers follow the opening of centers in the Philadelphia area. Countrywide Bank is a member of the Countrywide Financial Corp. family of companies, which includes Countrywide Home Loans. more...
By Inman News, Thursday, July 22, 2004.
By Inman News, Thursday, July 22, 2004.
By Inman News, Thursday, July 22, 2004. Long-term mortgage interest rates were mostly unchanged Thursday, and the benchmark 10-year Treasury bond yield dipped to 4.45 percent. The 30-year fixed-rate average remained at 5.67 percent, and the 15-year fixed-rate nudged higher to 5.1 percent. The 1-year adjustable was down at 3.37 percent. The 30-year Treasury bond yield slipped to 5.19 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
By Robert Bruss, Thursday, July 22, 2004.
Are you the adventurous type of home buyer who wants to make a profitable purchase? Or are you looking for a near-perfect "model home" acquisition where all you have to do is turn the key in the front door and move in? If you are the adventurous type, as I am, please read on. more...
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