By Inman News, Monday, October 3, 2005. Los Angeles-based Lowe Enterprises Investors has sold the 115,227-square-foot Agoura Hills Business Park in Agoura Hills, Calif. The value of the transaction was not disclosed. Arden Realty Inc., a self-managed REIT, purchased the property. more...
By Inman News, Monday, October 3, 2005. Mack-Cali Realty Corp. has signed the New Jersey Turnpike Authority to a long-term lease for approximately 100,000 square feet of office space in Woodbridge, N.J. The value of the transaction was not disclosed. The Turnpike Authority will house its headquarters at the building, located at 581 Main St., after consolidating offices of the New Jersey Turnpike and Garden State Parkway, which merged two years ago. more...
By Inman News, Monday, October 3, 2005. Grubb & Ellis Co. announced that Denver-based BROE Real Estate purchased Irvine Corporate Center, a 127,561-square-foot office building in Irvine, Calif. The transaction was valued at more than $18 million. The two-story building, which was built in 1976, is located at 1821 E. Dyer Road in central Orange County. The asset, which was sold by Los Angeles-based Arden Realty Inc., was 100 percent leased at the time of sale. Grubb & Ellis Co. is a provider of integrated real estate services. *** more...
By Inman News, Monday, October 3, 2005. Digital Map Products, a Costa Mesa, Calif.-based developer of Web GIS software applications, has launched a new digital mapping product for the builder and land developer market. The new mapping software, LandVision, combines mapping, access to detailed site and property information, customization and project management workflow in a Web-based interface. It enables builders and developers a way to identify, qualify and acquire prime locations for development. more...
By Inman News, Monday, October 3, 2005. A New York man pleaded guilty to bank fraud in connection with a mortgage flipping scheme and faces a maximum fine of $1 million plus nearly $250,000 in restitution and 30 years in prison, media accounts said. more...
By Inman News, Monday, October 3, 2005. A home loans company in Anaheim Hills, Calif., has launched a Web site to offer consumers information on mortgage options. The company's site, www.newstarthomeloans.com, offers consumer reports on a range of topics, including: "Biggest Blunders You Can Make When Buying a Home"; "Ten Questions You Must Ask When Interviewing a Mortgage Lender"; "Do's and Don'ts While Your Mortgage Loan is in Progress"; and "Bi-Weekly Mortgage Savings: Bargain or Rip-Off?" more...
By Inman News, Monday, October 3, 2005. Housing market conditions in the Twin Cities, Minn., metro area remain positive, and home-price appreciation is expected to continue at a healthy rate, according to the four Twin Cities Realtor associations. A bubble in local housing prices is highly improbable, the associations reported, although the rate of price growth could slow if local job market conditions unexpectedly weaken. The healthy gains in median sales price of existing homes over the last five years can be correlated to mortgage rates hitting 45-year lows and the 23,400 payroll jobs added in the last more...
By Inman News, Monday, October 3, 2005. Realty World Northern California has expanded its Northern California footprint with the addition of 52 new franchised real estate offices to its network between January and August this year, the company reported this week. The brokerage company has grown from 80 independently owned and operated offices in 1997 to 424 offices today. The expansion puts the brokerage on pace to meet or surpass the 82 new offices it added during 2004. more...
By Inman News, Monday, October 3, 2005. Stewart Default Solutions has partnered with MSTD, creators of the Web-based default servicing platform BackInTheBlack, the company said today. BackInTheBlack manages residential mortgage delinquencies from collections through loss mitigation, attorney referral, foreclosure and bankruptcy management, REO and claims. Under the agreement, BackInTheBlack will provide support and services to Stewart Default's users. more...
By Inman News, Monday, October 3, 2005. Long-term mortgage interest rates were up Monday, and the benchmark 10-year Treasury bond yield rose to 4.39 percent. The 30-year fixed-rate average jumped to 5.51 percent, and the 15-year fixed-rate grew to 5.08 percent. The 1-year adjustable was up at 4.14 percent. The 30-year Treasury bond yield increased to 4.62 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
By Glenn Roberts Jr., Monday, October 3, 2005. Editor's note: After the initial concerns of rescuing people from natural disasters like Hurricane Katrina, the next big question is over the recovery and rebuilding process, which has already begun in Katrina-ravaged areas. In this three-part series, we look back to the rebuilding process after the Oakland Hills fire in Northern California in 1991, Hurricane Andrew in South Florida in 1992, and the terrorist attacks of Sept. 11, 2001, in downtown Manhattan. more...
By Robert Bruss, Monday, October 3, 2005.
If you are thinking about renovating your kitchen, first read "Tips and Traps for Remodeling Your Kitchen" by R. Dodge Woodson. Especially if you are thinking of doing the work yourself or being your own contractor and hiring sub-contractors, this book will bring you to your senses. Woodson, a contractor for more than 30 years, shares his expert insights into the kitchen remodeling business and all the important aspects. Placing a very high emphasis on price, the author explains the pros and cons of being your own renovation contractor or doing some of the work yourself. more...
By Barry Stone, Monday, October 3, 2005.
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