Home
Date

Paperless real estate transaction rolls forward

By Janis Mara, Sunday, July 31, 2005.

SAN FRANCISCO -- Great strides are being made toward the paperless real estate transaction, but standards must be developed so different transaction managers can talk to each other, a panel at Real Estate Connect 2005 in San Francisco said today.

The goal, panelists said, is for all the players in the real estate process – the broker, the real estate agents, the buyers and sellers, the mortgage providers and the settlement office – to handle the documents and procedures electronically.  more...

Homeowners attempt home-sale tax break through son

By Robert Bruss, Sunday, July 31, 2005.

DEAR BOB: About four years ago, my wife and I bought a three-bedroom house for our son to occupy while he was attending college. Although he was only 18 at the time, it was a great learning experience for him to become a landlord. He always had three or four "tenants" living in the house with him and paying rent. On top of the mortgage, insurance, property taxes and other expenses, he managed to clear $700 to $1,200 per month net income. Meanwhile, the house went up in market value by at least $150,000.  more...

Small real estate companies think big

By Jessica Swesey, Sunday, July 31, 2005.

SAN FRANCISCO – Small companies are the lifeblood of the U.S. economy, and real estate entrepreneurs Friday morning shared insights about challenges and strategies for getting through the first days.

"It's about really getting right down to what you do and being focused," said Joel MacIntosh, CEO of Minneapolis-based WolfNet Technologies, a technology developer for the real estate industry.

"A lack of focus can cause all sorts of problems," MacIntosh said during Real Estate Connect 2005.  more...

Horizon Bluffs sells near Las Vegas

By Inman News, Sunday, July 31, 2005.

Marcus & Millichap arranged the sale of Horizon Bluffs Apartment Homes in Henderson, Nev. The property will be converted to condominiums and renamed Big Horn at Black Mountain.

The value of the transaction was $47.5 million.

Built in 1998, the community is located at 231 W. Horizon Ridge. The current unit mix includes 176 one-bedroom/one-bath units, 188 two-bedroom/two-bath apartments and 16 three-bedroom/two-bath floor plans. The property totals 350,516 rentable square feet and features 84 garages.  more...

Investcorp completes industrial sale in New Jersey

By Inman News, Sunday, July 31, 2005.

Investcorp has sold 275 Hartz Way, a 403,869-square-foot warehouse, data co-location and retail outlet facility in Secaucus, N.J.

The value of the transaction was not disclosed.

ING/Clarion Partners purchased the single-story property, which is situated on 20 acres in an established submarket for warehouse and distribution facilities. The building's major tenant is Equinix Inc., which occupied 338,787 square feet of space at the time of sale. The remainder of the building was leased to two retail outlet stores in the remaining 65,082 square feet.  more...

Class A apartments change hands in Northeast

By Inman News, Sunday, July 31, 2005.

CB Richard Ellis/Whittier Partners negotiated the sale of Stone Farm Apartments, a 145-unit multifamily community in Lebanon, N.H.

The value of the transaction was $16.5 million.  more...

State moves closer to minimum-service real estate law

By , Sunday, July 31, 2005.

The Alabama state Legislature has quickly proposed and passed a law that would require all real estate agents and brokers to perform a minimum set of services for their clients. The state's governor will now consider whether to pass the measure.

Despite objections by the U.S. Department of Justice and Federal Trade Commission to identical language in an earlier proposed bill, the state House voted 94-1 on July 26 to approve the real estate law, Senate Bill 17.  more...

State probes real estate loan insurer for possible kickbacks

By Janis Mara, Sunday, July 31, 2005.

Mortgage loan insurer Genworth Financial has received requests for information from the New York Insurance Department regarding any payments the insurer made to mortgage lenders, according to a regulatory filing made on Friday.

In its quarterly report with the Securities and Exchange Commission filed July 29, Genworth Financial said it received the information requests in May 2005. The requests were directed to each of the company's U.S. mortgage subsidiaries, according to the SEC filing.  more...

Economic strength puts pressure on real estate rates

By Lou Barnes, Sunday, July 31, 2005.

Beware good news...very strong economic data on Friday were pushing mortgage rates higher, fixed-rate 30s still under 6 percent for the lowest-fee packages, but just barely. ARMs are under even more pressure, as the intermediate 5-, 7- and 10-year hybrids are all between 5.5 percent and 6 percent.  more...

Real estate stocks post mixed results on Wall Street

By Marcie Geffner, Sunday, July 31, 2005.

The Inman News Real Estate Stocks Index closed just shy of breakeven with a negligible loss of 65 cents in July, as a number of the companies in the hypothetical index announced or prepared to announce their financial results for the second quarter of 2005.

The two biggest contributors to the Index on a dollar basis were IndyMac, which added $2.64 to the total, and Interactive Corp., which gained $2.55.  more...

IndyMac earnings soar

By Inman News, Sunday, July 31, 2005.

IndyMac Bancorp, the holding company for IndyMac Bank, reported record net earnings of $83.1 million, or $1.26 per share, for the second quarter of 2005, up 52 percent over the second quarter of 2004, when net earnings totaled $54.6 million, or $0.90 per share.

Revenues for the second quarter of 2005 totaled $288.7 million, up 45 percent over the second quarter of 2004.  more...

New England real estate goes wireless

By Inman News, Sunday, July 31, 2005.

One of the nation's largest Multiple Listing Services for real estate is offering wireless real estate data and GPS to 28,000 real estate practitioners throughout New England.

MLS Property Information Network said today that it will offer its members the Pathfinder wireless handheld MLS Data/GPS.  more...

New service combines personal touch with electronic signing

By Inman News, Sunday, July 31, 2005.

DocuSign has launched a new, In-Person Signing feature for its online document signing service, the company announced last week.

The new service aims to make it easier to complete all facets of real estate transactions electronically – from start to finish – saving time and lowering costs.  more...

Natural disaster report for real estate available nationwide

By Inman News, Sunday, July 31, 2005.

Fidelity National Financial's LSI Market Intelligence division is now offering a Natural Disaster Condition Report to real estate lenders nationwide, the company said today.

The inspection report is compiled using the company's national network of nearly 30,000 real estate professionals, and includes detailed information regarding the condition of a specified property in the aftermath of a natural disaster.  more...

Web marketing assessment sizes up online real estate campaigns

By Inman News, Sunday, July 31, 2005.

Real estate technology provider Z57 today released a new Internet marketing assessment service for real estate brokers and agents that aims to help them make optimal use of Web technologies.

The eMarketing assessment service analyzes a Realtor's current Web technology usage and benchmarks them against competitors. In addition, brokers will be able to identify which agents have the technology necessary to engage, incubate and convert Internet consumers into closed sales.  more...

123456789…next ›last »