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Rental market poised for recovery

By Inman News, Monday, August 30, 2004.

With consumer demand for apartments on the upswing, multifamily developers across the country are optimistic that the rental market is finally in the midst of a recovery, according to the results of the latest Multifamily Market Index released today by the National Association of Home Builders.

"The results of the MMI for the second quarter are very encouraging," said NAHB President Bobby Rayburn, a home and apartment builder from Jackson, Miss. "After three years of rising vacancy rates, we're seeing a turnaround in the apartment market."  more...

Software co. dumps Texas property

By Inman News, Monday, August 30, 2004.

Representing the seller, Binswanger recently negotiated the sale of a 102,257-square-foot building with acreage in Grand Prairie, Texas.

The value of the transaction was not disclosed.

The property is located at 1010 Ave. J East.

RSR Group, a shooting sports distributor, purchased the property for expansion purposes.

The seller, The Reynolds and Reynolds Co., is a provider of software and services designed for the automotive industry. It sold this site due to consolidation.  more...

Luxury apartments sold in San Diego

By Inman News, Monday, August 30, 2004.

Hendricks & Partners brokered the sale of Laurel Bay, a 150-unit luxury apartment community in San Diego, Calif.

The value of the transaction was $56.6 million.

Simpson Laurel Bay LP sold the property, located at 2400 5th Ave., to Hammer Ventures.

Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties.

***  more...

'Anti-Wal-Mart' bill passes in Golden State Premium Content

By Dave Myers, Monday, August 30, 2004.

California lawmakers ended one of their most tumultuous legislative sessions in years this weekend by approving a bevy of real-estate-related measures that eventually could spread to other parts of the nation.

The National Association of Realtors and other big real estate trade groups always keep a close eye on California legislation, in part because the state has a reputation for creating new laws–some good, others bad–that often serve as models for other states.

The new laws range from heightened disclosure of the home addresses of sex offenders to an "anti-Wal-  more...

Coldwell real estate brokerage grows in California

By Inman News, Monday, August 30, 2004.

Coldwell Banker Residential Brokerage today announced it has acquired Kendall, Potter & Mann Realtors Inc. in Santa Cruz, Calif. The company, which formerly operated as Coldwell Banker Jackson & Mann, and its three offices in Aptos, Capitola and Santa Cruz, will now operate as Coldwell Banker Residential Brokerage.  more...

Realtor killings jolt Rookie Premium Content

By Inman News, Monday, August 30, 2004.

When I decided to go into the real estate sales business last year, I knew that my new career would include certain risks. A big interest-rate run-up could send sales tumbling, for example, or I could get sued if I screw up a deal.

The thought that I could get killed, however, never crossed my mind–until I read about the recent murders of two different agents in separate parts of the country.  more...

Pro athletes race for home sales Premium Content

By Dave Myers, Monday, August 30, 2004.

Editor's note: From fast-food franchise owners to local news anchors to former Olympians, real estate has long attracted people from all walks of life who've opted to try their hand at selling homes. In this special three-part Inman News series, we caught up with some of these real estate pros to share their stories.  more...

The Internet revolution Premium Content

By Inman News, Monday, August 30, 2004.

Businesses in rural areas have a higher adoption rate of basic commercial Internet technologies, such as e-mail, Web browsing and passive document sharing, than small and mid-sized metropolitan areas, according to an economic report prepared for the Federal Reserve Bank of San Francisco.

The report, prepared by researchers for the Center for the Study of Innovation and Productivity, a part of the bank's Economic Research Department, found that 85.1 percent of businesses in rural areas h  more...

Real estate sales-killers Premium Content

By Howard Brinton, Monday, August 30, 2004.

Subtle word changes can have a big impact on your success rate with clients, and there are a few phrases out there that are guaranteed sales-killers. People are constantly responding to your words with positive or negative emotions. Create too many negative emotions and customers will pull away from you. You may not even be aware of negative phrases you've used, so we're going to point them out to you.

Here's sales-killer No.  more...

Arizona Realtors go wireless

By Inman News, Monday, August 30, 2004.

Retrieval Dynamics Corp. and the Arizona Regional MLS today announced an agreement through RDC's Mobile Listing Advantage program that will provide real estate agents and brokers with instant wireless access to all current property listings.

The program bundles together the Mobile Listing Advantage wireless MLS software from Retrieval Dynamics, the BlackBerry Wireless Handheld from Research In Motion, and network airtime plans from various wireless carriers.  more...

The presidential housing platform Premium Content

By Inman News, Monday, August 30, 2004.

The National Association of Home Builders, a trade association whose members employ about 8 million workers, asked leading presidential candidates, President George W. Bush and U.S. Sen. John Kerry, D-Mass., about their political stances on various housing issues.

Their responses were featured this week in an edition of Nation's Building News Online, the association's weekly online news publication.  more...

Discount firm to go full-service

By Inman News, Monday, August 30, 2004.

Foxtons, a discounter that shocked the industry with a business model and ad campaign boasting 2 percent real estate commissions for limited real estate services, has reportedly tweaked its plans and will now phase-in a 3 percent commission rate for fuller services.

 

The New Jersey Star-Ledger newspaper and other media in Foxtons' East Coast market area have reported that Foxtons will be transi  more...

Consumers turn cautious again

By Inman News, Monday, August 30, 2004.

Consumer confidence, which had been on the rise since April, fell sharply in August, private research group The Conference Board reported today.

The Conference Board's consumer confidence index now stands at 98.2 (1985=100), down from 105.7 in July. The survey is based on a sample of 5,000 U.S. households.

Lynn Franco, director of The Conference Board's Consumer Research Center, attributed the decline in confidence to the slowdown in job growth.

"Until the job market and pace of hiring picks up, this cautious attitude will prevail," Franco said.  more...

Luxury real estate prices set records in California

By Inman News, Monday, August 30, 2004.

FTC seeks first civil penalties for Do Not Call violation

By Inman News, Monday, August 30, 2004.

The Federal Trade Commission is seeking the first civil penalties for violations of the National Do Not Call Registry.

Las Vegas-based telemarketing group, Braglia Marketing Group LLC, has made more than 300,000 calls to consumers who registered their phone numbers on the Do Not Call Registry, according to the FTC.

BMG calls consumers on behalf of its clients, including Flagship Resort Development Corp. and Atlantic Palace Development LLC, which sell timeshares in Atlantic City, N.J.  more...

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