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Mid-America buys apartments

By Inman News, Tuesday, August 24, 2004.

Mid-America Apartment Communities acquired the Prescott apartment community located in the Atlanta Metro sub-market of South Gwinnett County, Ga.

The value of the transaction was $28.5 million.

The 384-unit property was built in 2001 and consists of one-, two-, and three-bedroom, upscale apartment homes with 9-foot ceilings, crown molding, and available wood burning fireplaces. The community features a private lake with cascading fountains, resort pool, a health and fitness center, and attached garages.  more...

Lexington joint venture builds office portfolio

By Inman News, Tuesday, August 24, 2004.

Lexington Corporate Properties Trust today announced that one of its joint venture investment programs has acquired three properties in Houston, Texas.

The total value of the transactions was $39.9 million.

The properties, two three-story office buildings and a single-story service center, contain 218,641 square feet on a 19.4-acre site.

The properties are net-leased to Veritas Geophysical Corp. through Sept. 30, 2015.  more...

Real estate brokerage sells Dallas apartments

By Inman News, Tuesday, August 24, 2004.

Marcus & Millichap arranged the sale of Surrey Row Apartments in Dallas, Texas.

The value of the transaction was $11.7 million.  more...

Brokers sue local Realtor association

By Inman News, Tuesday, August 24, 2004.

SoCal real estate not what it used to be Premium Content

By Glenn Roberts Jr., Tuesday, August 24, 2004.

The Orange County, Calif., housing market and its titanic home prices are not unsinkable. The inventory of for-sale homes is growing, the pace of home resales is slowing and home-price appreciation is starting to stagnate in the county, which has been one of the hottest housing markets in the nation.  more...

Real estate fraud schemes run rampant Premium Content

By Jessica Swesey, Tuesday, August 24, 2004. Editor's note: With billions of dollars flowing in and out of the real estate industry each year, the industry sees its share of fraud and other criminal misdeeds.  more...

Mortgage apps land 'most confusing paperwork' title

By Samantha Peterson, Tuesday, August 24, 2004.

Mortgage applications are the most confusing paperwork American consumers confront, edging out health insurance benefits forms and federal income tax returns for that dubious honor, according to new research.  more...

East Coast real estate markets post gains

By Inman News, Tuesday, August 24, 2004.

Home sales and prices in Florida, North Carolina and Virginia grew considerably in July from their year-ago levels, according to Realtor associations in those states.

Sales of existing single-family homes in Florida jumped 15 percent above the previous-year mark, according to the Florida Association of Realtors.  more...

Real estate's immigrant underground

By Carol Lloyd, Tuesday, August 24, 2004.

Men, women, children – they were all there, packed in like canned fish. No furniture, no heat, no windows. More than 60 people, up to 12 to a room. Two bathrooms. No real kitchen. A veritable riot of daily life squeezed into a space never intended for habitation at all.

If you're imagining a Cambodian refugee ship or some flophouse on old San Francisco's Barbary Coast, you're straining your imagination.  more...

Real estate remodeling brisk

By Inman News, Tuesday, August 24, 2004.

New-home inventory grows in July

By Inman News, Tuesday, August 24, 2004.

The inventory of new homes for sale jumped dramatically in July, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported today.  more...

Texas real estate discounter expands

By Inman News, Tuesday, August 24, 2004.

Austin, Texas-based One Percent Realty, a residential brokerage firm known for its low fees, is expanding in San Antonio.

The company has purchased Austin-based First Capital Real Estate Brokerage. All First Capital real estate brokerage activities will immediately be transferred underneath the One Percent Realty banner.

Financial terms of the transaction were not disclosed.

One Percent Realty was founded in July 2002.  more...

Cendant exec's compensation package shrinks

By Inman News, Tuesday, August 24, 2004.

Real estate loan applications drop

By Inman News, Tuesday, August 24, 2004.

Mortgage applications declined 6.3 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association's weekly survey.

The MBA seasonally adjusted purchase index decreased by 5 percent to 443.7 percent from 467.1 the previous week.  more...

Inman expands blog

By Inman News, Tuesday, August 24, 2004.

The popular Inman Blog has expanded beyond the editorial team at Inman News.  more...

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