By Inman News, Sunday, July 17, 2005. Builder confidence in the market for newly built single-family homes edged down two points in July from a revised reading in June, and matches the index average for the year as a whole, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index released today. more...
By Inman News, Sunday, July 17, 2005. Archstone-Smith and Ameriton Properties Inc., its wholly owned subsidiary, have purchased Fox Plaza, a mixed-use high-rise property in San Francisco. The value of the transaction was $147.5 million. Archstone-Smith will own and manage the residential and garage components of Fox Plaza, which comprises 444 apartment units and 411 parking spaces. Ameriton will own and manage the property's 238,559 square feet of office space and 17,483 square feet of retail space. more...
By Inman News, Sunday, July 17, 2005. GMH Communities Trust recently announced that its student housing division, College Park Communities, has acquired Seminole Suites, a class A student housing property serving Florida State University, Tallahassee Community College and Florida A & M University in Tallahassee, Fla. The 264-unit/924-bed community was acquired for a purchase price of approximately $33.3 million. more...
By Inman News, Sunday, July 17, 2005. CB Richard Ellis/Whittier Partners has brokered two industrial leases totaling 122,000 square feet at 675 Canton St. in Norwood, Mass. The value of the transactions was not disclosed. Located on 18 acres, the property is a 350,000-sqaure-foot warehouse/distribution facility that includes loading facilities and rail access. In the first transaction, Newton, Mass.-based Corporate Interiors signed a 10-year, 60,000-square-foot lease. more...
By Inman News, Sunday, July 17, 2005. RealtyTrac has added more than 75,000 newly built homes to its Web site through a new partnership with New Home Source, the company said today. The agreement gives subscribers to RealtyTrac's online real estate marketplace direct access to new-home properties and new-home builders. With the inclusion of these new properties, RealtyTrac now has a national database of four distinct property types: pre-foreclosure and foreclosure properties; for-sale-by-owner properties; and new construction homes. more...
By Inman News, Sunday, July 17, 2005. The Florida Association of Realtors has formed a new for-profit subsidiary, Real Estate Industry Solutions LLC, to keep pace with ever-changing business demands, the group said today. "This is a historic moment in the evolution of FAR," said FAR's 2005 President Frank Kowalski. Other large state Realtor associations, including the California Association of Realtors, have established similar subsidiary companies. more...
By Inman News, Sunday, July 17, 2005. A New Jersey man was charged with conspiracy in connection with an existing $30 million New Jersey mortgage fraud case, media reports said. Albert Rodd of New Jersey was charged with conspiracy in New Jersey federal court as a result of allegations that he manufactured documents in connection with a $30 million alleged mortgage fraud scheme in Bergen County, N.J., according to reports. Last month, three other people, Jamila Davis, Brenda Rickard and Arisma Theodore, were indicted by the Grand Jury in the District of New Jersey, sitting in Newark, in the case. more...
By Inman News, Sunday, July 17, 2005. In an effort to enable more African Americans and Latinos in Louisville, Ky., and Albuquerque, N.M., to take the important steps toward home ownership, Freddie Mac has partnered with housing agencies, Realtor boards and banks for a new awareness and outreach campaign that debunks common misconceptions about buying a home. more...
By Inman News, Sunday, July 17, 2005. A data services company is offering free information about home values and neighborhood statistics. Melissa Data's Online Lookups can provide statistics based on ZIP codes, including school demographics, crime statistics, traffic safety, street names, climate averages and population, among other features. more...
By Janis Mara, Sunday, July 17, 2005. Being a real estate agent is a dangerous job, but there are ways you can protect yourself, according to a Houston police officer who conducts seminars for Realtors in concert with the Houston Association of Realtors. "The most important thing you can do is to always be aware of your surroundings," said Officer Jesse Martinez of the Houston Police Department. Martinez has given seminars to 400 Realtors in the area as part of its Sold On Safety program with the HAR. more...
By Inman News, Sunday, July 17, 2005. Long-term mortgage interest rates were up Friday, and the benchmark 10-year Treasury bond yield slipped to 4.17 percent. The 30-year fixed-rate average rose to 5.27 percent, and the 15-year fixed-rate gained to 4.85 percent. The 1-year adjustable was up at 3.75 percent. The 30-year Treasury bond yield declined to 4.4 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
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