By Inman News, Wednesday, December 29, 2004. Grubb & Ellis/BRE Commercial negotiated the sale of Mission Grove Office Park in San Diego, Calif. The value of the transaction was $9 million. The office park, located at 1545-1565 Hotel Circle South, consists of two three-story, multitenant office-buildings and a two-level parking structure on 2.5 acres. Major tenants in the park include NAI San Diego, Taylor Research, Epsilon Systems and SGPA Architecture and Planning. The project was 97 percent leased at the time of sale. more...
By Inman News, Wednesday, December 29, 2004. A joint venture between Wells Real Estate Fund VIII L.P., Wells Real Estate Fund IX L.P. and a subsidiary of the Wells Real Estate Investment Trust Inc. has sold an office building in Irvine, Calif. The value of the transaction was $12.5 million. The 65,006-square-foot property, located at 15253 Bake Parkway, was fully occupied at the time of sale by Gambro Healthcare Inc. under a new long-term lease. CTA LP purchased the property from Wells. more...
By Inman News, Wednesday, December 29, 2004. Turchi Properties recently acquired a 150,000-square-foot office building in Philadelphia, Pa. The value of the transaction was not disclosed. The five-story property, formerly occupied by the American Automobile Association as its Mid-Atlantic headquarters, is located at 2040 Market St. Built in 1968, the class A property includes floor-to-ceiling windows, a fully equipped cafeteria, computer room, rooftop signage and on-site parking. Philadelphia-based Turchi Properties is a property development and management company. *** more...
By Barry Stone, Tuesday, December 28, 2004.
Dear Barry, I'd like to become a home inspector and would like to know the cheapest way to go about this. What do you recommend? – Waleed Dear Waleed, Stop what you're doing, sit down and reconsider the concept, practice and purpose of home inspection. The last thing you need is a cheap way to enter a complex profession. Instead, look for ways to become a well-informed home inspector, able to provide a detailed evaluation of real property and to do so without inviting lawsuits for nondisclosure of property defects. more...
By Lou Barnes, Tuesday, December 28, 2004.
There's nobody home at trading desks this week and yields have stayed about the same as the week before Christmas: the 10-year T-note is 4.22 percent, and mortgages are about 5.75 percent for the lowest-fee deals. more...
By Robert Bruss, Tuesday, December 28, 2004.
Although several other excellent books for realty agents show how to profit from Internet home buyers and sellers, by far the best one is "Real Estate Rainmaker: Guide to Online Marketing" by Dan Gooder Richard. This very detailed book, written by an experienced real estate sales agent and consultant to many of the nation's most successful realty agents, shows how to capitalize on home buyers and sellers searching for reliable local agents. more...
By Robert Bruss, Tuesday, December 28, 2004.
There are two types of houses. There are "pretty houses" in excellent condition. But there are also the "fix-up houses." The sellers of "pretty houses" usually expect to receive a top dollar sales price. Such houses can be great places to live, but they usually don't offer immediate profit potential. Purchase Bob Bruss reports online. more...
By Inman News, Tuesday, December 28, 2004. Sales of existing single-family homes in New York rose more than 10 percent in November from their year-ago level, while the median selling price grew more than 21 percent, according to preliminary single-family sales data accumulated by the New York State Association of Realtors. The November 2004 sales total of 8,312 represents a 10.8 percent increase compared to the November 2003 sales total of 7,500. The November 2004 sales total fell 5.4 percent from the 8,784 sales total posted in October 2004. more...
By Inman News, Tuesday, December 28, 2004. A new service available in Florida allows home shoppers with cell phones to get information on for-sale homes in the form of a text message. ClearSky Mobile Media Inc., a wireless marketing company, announced today that it has rolled out iCODE, which enables prospective home buyers to dial in a code to receive information about a home. The service launched in Windermere, Fla. more...
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