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Florida developer lands office tenant

By Inman News, Sunday, September 19, 2004.

Flagler Development Co. secured a tenant for its 137,000-square-foot office building at SouthPark Center in Orlando, Fla.

The value of the transaction was not disclosed.

Starwood Vacation Ownership, a subsidiary of Starwood Hotels and Resorts Worldwide, will occupy Building 1000 in SouthPark Center. The start of this building was announced in March 2004 and it is scheduled for completion in December 2004, at which time SVO will take occupancy of the entire building.  more...

Retail outlet center sells in Georgia

By Inman News, Sunday, September 19, 2004.

Marcus & Millichap arranged the sale of the 179,593-square-foot Tanger Outlet Center in Dalton, Ga.

The value of the transaction was $11.5 million.

North Carolina-based Tanger Factory Outlet Centers Inc. sold the property to Mimms Enterprises, an Atlanta-based private investment group.

The property is located along I-75 at Walnut Avenue. Built in 1987, the outlet center features Reebok, Oshkosh B'Gosh, Bon Worth, Dress Barn, IZOD, Nautica, Bass, and many other retailers.  more...

SoCal office deal completed

By Inman News, Sunday, September 19, 2004.

Grubb & Ellis Co. represented Irvine, Calif.-based Dolphin Partners in the purchase of a 54,249-square-foot office building in Lake Forest, Calif.

The transaction was valued at $8.5 million.

Irvine-based Colton Properties sold the class-B property, which is located at 23461 South Pointe.

Grubb & Ellis and Lee & Associates represented the buyer in the transaction. Bob Smith with CB Richard Ellis represented the seller.

Grubb & Ellis is a global provider of integrated real estate services.

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Home buyers catch election jitters Premium Content

By Glenn Roberts Jr., Sunday, September 19, 2004. Eric and Lili Chang have been looking for about a year to buy a home in the San Francisco Bay Area, and Eric said he hopes they find a home before the election. "The election is compelling us to buy," he said.  more...

Real estate and antitrust: not a pretty picture Premium Content

By Inman News, Sunday, September 19, 2004.

Editor's note: In this three-part series we examine the real estate record on antitrust. Since realty professionals 24 years ago became subject to federal antitrust law, dozens of lawsuits and regulatory actions have been taken. Learn what some of those cases are, who's behind them and how the industry has reacted.  more...

Home builder confidence cools

By Inman News, Sunday, September 19, 2004.

Following a strong bump-up in August, builder confidence in the market for new single-family homes edged down this month but remained within the narrow range maintained since this time last year, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.  more...

New service converts clicks to calls

By Inman News, Sunday, September 19, 2004.

Now advertisers can choose to pay per call when consumers click on their Web sites through a new online advertising service launched by FindWhat.com.

Similar to FindWhat.com's pay-per-click service, advertisers create ads relevant to their businesses that are shown to prospective customers searching for products and services on the FindWhat.com Network. The service is offered through FindWhat.com's partnership with Ingenio, which developed and powers the technology behind the application.  more...

Real estate listings score Yellow Pages content

By Inman News, Sunday, September 19, 2004.

DonationChannel Inc. and InfoUSA Inc. today announced the addition of InfoUSA's Yellow Pages content to the Enhanced RealBird Aerial Maps Viewer, a personalized GIS (Geographical Information Systems) tool for real estate agents.

The Enhanced RealBird Viewer includes manual linking to property listings, embedded schools database with automatic Google links to school information, embedded USGS landmarks database and full-color aerial maps.  more...

Open house event features 'green' buildings

By Inman News, Sunday, September 19, 2004.

The third annual Green Buildings Open House, slated for Saturday, Oct. 2, will feature energy-saving "green" design techniques in homes, office buildings, schools and wind farms from Maine to Washington, D.C.

Organized by the Northeast Sustainable Energy Association, the event offers a perspective on how innovative designs can reduce energy bills and pollution.  more...

Stewart upgrades paperless office

By Inman News, Sunday, September 19, 2004.

Stewart Realty Solutions, a provider of Web-based transaction management systems to the real estate, closing and mortgage industries, recently released an upgrade to its SureClose transaction management system.

The upgrade delivers new document bar-coding technology, a component of creating a paperless office.  more...

Overnight mortgage rates hold steady

By Inman News, Sunday, September 19, 2004.

Long-term mortgage interest rates were flat Friday, and the benchmark 10-year Treasury bond yield rose to 4.12 percent.

The 30-year fixed-rate average remained at 5.33 percent, and the 15-year fixed-rate dipped slightly to 4.74 percent. The 1-year adjustable was unchanged at 3.21 percent.

The 30-year Treasury bond yield increased to 4.91 percent.

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

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states.  more...

Flexible real estate loans come into vogue

By Jack Guttentag, Sunday, September 19, 2004.

"I'm surprised that you have never written about Fannie Mae's new Payment Power program. It allows borrowers to skip payments, an option you have said was badly needed."

I have indeed lamented the lack of payment flexibility in mortgages on many occasions. The Payment Power program (PPP), however, is a poor first step toward flexibility. I am not sure whether it will advance the cause or retard it.  more...

Uninsured driver risks mother's house in fender-bender

By Robert Bruss, Sunday, September 19, 2004.

DEAR BOB: Although I am only 67, at times I feel I am losing my "marbles." As a widow with several health issues that I've overcome, I feel very fortunate to have a nice townhome with good neighbors who I like and who look in on me to be sure I'm OK. My problem is my 33-year-old son. About a year ago, when I was in bad health, I thought it would be smart to add his name to my title as a joint tenant with right of survivorship to avoid probate when I died. However, I survived!  more...

Home seller credit could save real estate deal

By Dian Hymer, Sunday, September 19, 2004.

No one likes to give money away, but a monetary credit from the seller to the buyer can solve a problem that might otherwise derail a home-sale transaction. Here's a typical scenario where a seller credit could save the deal.

The buyers are stretching to buy their dream home. Tapped out financially, they panic when they discover during their home inspection that the roof needs replacing. The inspector impresses upon the buyers that the roof must be replaced immediately; it can't wait. But the buyers don't have enough extra cash to cover the cost of a new roof.  more...