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European investment co. buys stake in Chicago property

By Inman News, Thursday, August 19, 2004.

Atlanta-based WestWind Capital Partners, on behalf of KanAm Grundinvest Fonds, has acquired a 90 percent interest in a 503,000-square-foot office building in Chicago.

The value of the transaction was not disclosed.

The Andalex Group sold its interest in the property, located at 444 North Michigan Ave. Andalex will retain a 10 percent stake in the property, as well as leasing and management responsibilities. WestWind and Andalex directly negotiated the transaction.  more...

R.J. Brunelli reports brisk leasing activity

By Inman News, Thursday, August 19, 2004.

R.J. Brunelli & Co. today reported that it brokered $48.8 million in retail real estate transactions during the first half of 2004. Activity for the six months ended June 30 included 25 lease transactions and two property sales. Properties covered by the transactions were located throughout New Jersey, and in New York State.  more...

NewBridge handles D.C. mall sale

By Inman News, Thursday, August 19, 2004.

NewBridge Retail Advisors recently served as advisor in the presale of Parkway Crossing East by Cypress Equities to National Real Estate Management Corp., a private investment group, in Woodbridge, Va.

The value of the transaction was not disclosed.  more...

Realtor's suspected killer had financial problems Premium Content

By Glenn Roberts Jr., Thursday, August 19, 2004.

The man arrested last night as a suspect in the shooting of Garland Taylor, an Albuquerque Realtor and church deacon, has a checkered past of financial improprieties and financial instability.

The suspect, Mario Lucas Chavez, is being held on an open count of murder at the Metropolitan Detention Center in Albuquerque, with a cash-only bond set at $2 million.  more...

Rising oil prices keep lid on mortgage rates

By Lou Barnes, Thursday, August 19, 2004.

Mortgage rates are holding near 5.75 percent (30-year, fixed-rate, "conforming" amount with the lowest fees), and the financial market dynamic is straightforward: as oil goes up, then stocks, the economy, and rates go down.  more...

The dark side of a happy, happy housing market

By Inman News, Thursday, August 19, 2004.

Except for landlords, everyone seems to love the concept of home ownership. Privacy, economic freedom and independence make it the greatest social policy in history. The dark side of home ownership is foreclosure. The loss of a home reaches deep into our souls.  more...

Credit scores for overlooked borrowers

By Inman News, Thursday, August 19, 2004.

'East' is a state of mind

By Julie Brosterman, Thursday, August 19, 2004.

Since I'm not one to stand on ceremony, I'm already inviting friends to come visit the temporary quarters my husband and I have set up at the house we're remodeling. The house sits on the fringe of a newly declared historic district.  more...

Suspect arrested in Realtor's death

By Glenn Roberts Jr., Thursday, August 19, 2004.

A man has been arrested as a suspect in the death of Garland Taylor, an Albuquerque real estate broker whose body was found in a for-sale home on Monday. Taylor died from a single gunshot wound.

Mario Lucas Chavez, 27, was arrested at a family member's house in Albuquerque at 6:30 p.m.  more...

Mindset will make or break real estate agent Premium Content

By Bernice Ross, Thursday, August 19, 2004.

Almost all agents would love to be a top producer. The question is what differentiates the top performers from all the rest?

The 80-20 rule says 20 percent of the agents will conduct 80 percent of the business. NAR statistics indicate the statistics are closer to 10 percent of the agents are conducting 90 percent of the business. Mega-producers are different in numerous ways, the most important of which is their mindset. To see how your mindset compares to the mega-producer, take the assessment below:  more...

DeMarse-Bankrate separation agreement announced

By Inman News, Thursday, August 19, 2004.

S.F. Bay Area real estate values begin to cool

By Inman News, Thursday, August 19, 2004.

Although median home prices in the San Francisco Bay Area climbed nearly 16 percent from July 2003 to July 2004, they fell 0.4 percent from the previous month, according to DataQuick, a real estate data company based in La Jolla, Calif.

The median price of new and resale Bay Area houses and condos in July 2004 was $514,000, down slightly from the record $516,000 in June 2004 but up 15.8 percent from the $444,000 median price in July 2003, DataQuick reported.  more...

Hibernia to sell mortgage servicing portfolio to CitiMortgage

By Inman News, Thursday, August 19, 2004.

Hibernia has announced it is selling its approximately $10 billion, third-party residential mortgage-servicing portfolio to CitiMortgage.

Financial terms were not disclosed.

Hibernia will continue to originate home loans after the sale.  more...

Central Ohio real estate sales rise

By Inman News, Thursday, August 19, 2004.

Overnight mortgage rates mixed

By Inman News, Thursday, August 19, 2004.

Long-term mortgage interest rates were mixed Thursday, and the benchmark 10-year Treasury bond yield dipped to 4.22 percent.

The 30-year fixed-rate average rose to 5.44 percent, and the 15-year fixed-rate remained at 4.84 percent. The 1-year adjustable was unchanged at 3.21 percent.

The 30-year Treasury bond yield decreased to 5.02 percent.

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

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