Home
Date

Lowe adds space to SoCal industrial portfolio

By Inman News, Thursday, August 18, 2005.

Lowe Enterprises Investors continues its acquisition program in the San Gabriel Valley industrial market with the purchase of a 131,219-square-foot building in the City of Industry, Calif.

The value of the transaction was not disclosed.

Tulip Corp., in the business of plastic injection molding and equipment manufacturing, sold the property at 14955 Salt Lake Ave., which was constructed in 1979 as a build-to-suit for Tulip.  more...

San Antonio retail center sold

By Inman News, Thursday, August 18, 2005.

Marcus & Millichap negotiated the sale of San Pedro Towne Center, Phase II, in San Antonio, Texas.

The value of the transaction was not disclosed.

San Pedro Towne Center, Phase II, is located at 7122 San Pedro, just south of North Star Mall in north central San Antonio. The 101,169-square-foot retail center was built in 1962 and recently redeveloped with Dollar Tree and Kaplan Education Centers serving as anchors. The center occupies 7.4 acres.

Neither the buyer's identity nor the seller's was disclosed.  more...

Tire co. lands space in Texas

By Inman News, Thursday, August 18, 2005.

Binswanger arranged the sale of a 152,200-square-foot industrial property in Sulphur Springs, Texas.

The value of the transaction was approximately $2.1 million.

Greenball Corp., a manufacturer and wholesaler of tires and accessories under brand names such as Dirt Tamer, Mud Shark and Terra Trooper, purchased the property from Johns Manville, a building-product manufacturer.

Greenball Corp. will bring 16 new jobs to the space, which is located at 906 Hillcrest Drive, according to a press statement.  more...

RE/MAX leader unveils new real estate plan Premium Content

By Glenn Roberts Jr., Thursday, August 18, 2005.

Dave Liniger, RE/MAX International co-founder and chairman, faced an audience of hundreds of RE/MAX broker-owners Thursday during a series of company meetings, and discussed revolutionary plans to bring together RE/MAX and other property listings online through the remax.com Web site.

The company had unveiled some details about this national collection of property listings earlier this week, and Liniger met with RE/MAX affiliates on Thursday to discuss the new sys  more...

Real estate transaction management systems come of age Premium Content

By Inman News, Thursday, August 18, 2005.

Real estate transaction management systems have rebounded from an early implosion and are slowly gaining ground in the industry, according to a study by Clareity Consulting, a real estate services company.

"The last five years have seen a slow but steady maturation and evolution within the space. Clareity believes the foundation has been built and that transaction management systems are read for primetime," the report states.  more...

Stewart partnership aims to boost minority home ownership

By Inman News, Thursday, August 18, 2005.

Hoping to help more minority families purchase homes, Stewart Title and the National Association of Real Estate Brokers, a long-established minority real estate trade association, have formed a strategic alliance, the companies said.  more...

Specialty real estate loans carry heavy risk

By Inman News, Thursday, August 18, 2005.

The National Association of Realtors trade group and the Center for Responsible Lending are trying to drive home a message of caution about some types of specialty mortgages in a new brochure titled, "Shopping for a Mortgage? Do Your Homework First," a new brochure to inform home buyers about the risks and advantages of specialty mortgage products.  more...

Housing costs drain income in Golden State Premium Content

By Inman News, Thursday, August 18, 2005.

About two in 10 Californians who bought a home within the past two years spend more than half of their income on housing, while over half spend more than 30 percent of their income on housing, according to a study released this week by the Public Policy Institute of California, a nonprofit, nonpartisan research organization.

In a report titled, "California's Newest Homeowners: Affording the Unaffordable," the institute explores how residents in the state are ab  more...

First Am inks real estate partnership with ComplianceEase

By Inman News, Thursday, August 18, 2005.

First American has added a compliance element to its document management system, integrating ComplianceEase's ComplianceAnalyzer with its Document Management System, the company said Thursday.

First American Nationwide Documents, a member of The First American Corp. family of companies, and ComplianceEase, a division of LogicEase Solutions Inc., announced a strategic alliance to integrate ComplianceEase's ComplianceAnalyzer with First American's Document Management System.  more...

Houston real estate makes comeback

By Inman News, Thursday, August 18, 2005.

The Houston real estate market bounced back in July, as sales and median prices rose to all-time highs, the Houston Association of Realtors reported.

Particular strength was seen in the $400,000-plus home market, with a 29.2 percent increase in sales for those higher-end properties when compared to last year, the association reported.

Total property sales, which includes single-family homes, townhomes, multifamily homes, country homes, high-rise properties and lots listed on the MLS, totaled 7,680 in July, which was a 10 percent increase over July 2004 and a new high.  more...

Slump in overnight real estate rates

By Inman News, Thursday, August 18, 2005.

Long-term mortgage interest rates dipped Thursday, and the benchmark 10-year Treasury bond yield dropped to 4.2 percent.

The 30-year fixed-rate average sank to 5.35 percent, and the 15-year fixed-rate slipped to 4.96 percent. The 1-year adjustable was down at 3.79 percent.

The 30-year Treasury bond yield declined to 4.42 percent.

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

Online magazine puts new twist on real estate advertising Premium Content

By Bernice Ross, Thursday, August 18, 2005.

(This is Part 3 of a four-part series.  more...

Architecture brings childhood memories to life

By Arrol Gellner, Thursday, August 18, 2005.

Dear Gail,

You probably don't remember me, but I'm the kid who grew up next door to your mother back in the old neighborhood in Concord. Your mom used to baby-sit me, and in a way, over the years, she became the grandmother I never had. But I think you were already long married by that time.

Anyway, I dreamed about the neighborhood last night, as I still do now and then, even though the whole place is of course long destroyed. But there I was back home again, and in that aimless way that dreams develop, I thought I'd stop in next door and say hi to your mom.  more...

Home builder to blame for poor dryer vent construction

By Paul Bianchina, Thursday, August 18, 2005.

Q: The design of the dryer vent in our home is very bad, and appears to have been something the builder did just to get the house on the market. It vents up to the roof, over 30 feet, and as a result the performance of our dryer has suffered.  more...

Five easy steps to buying profitable real estate

By Robert Bruss, Thursday, August 18, 2005.

Just in case you haven't been paying attention, the latest statistics from the National Association of Realtors show nationwide median home prices appreciated about 15 percent in the last 12 months. Of course, some homes appreciated less in value, but others appreciated even faster.

Considering the typical homeowner paid a highly leveraged 10 percent to 20 percent cash down payment, the return on invested dollars for home buyers is too high for my calculator to compute.  more...