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Investors gain stake in Siena Office Park

By Inman News, Sunday, June 10, 2007.

Tenant-in-common investors recently acquired two class A office buildings in Henderson, Nev., for an undisclosed price.

The purchase comprises Siena Office Park Buildings Three and Five, which total more than 101,000 square feet.

R.O.C.S.E.V. Capital LLC sold the properties, which were built in 2002 and 2003, at a total 91 percent occupancy. Major tenants at the time of sale included HQ Global Workplaces Inc., National University and Countrywide Home Loans.

Fairway Apartment deal closes

By Inman News, Sunday, June 10, 2007.

The Fairway Apartment Homes in Grand Prairie, Texas, has sold for an undisclosed price.

WillMax Capital Inc. purchased the 348-unit multifamily complex from KWP Fairways LP., a partnership entity between Kennedy Wilson and Capmark Investments LP.

The property is located at 1450 Highway 360 near the Great Southwest Golf Club, and is less than 10 miles from DFW International Airport.

REIT expands Mid-Atlantic presence

By Inman News, Sunday, June 10, 2007.

A real estate investment trust recently purchased a 268-unit multifamily complex in Norfolk, Va., as part of its strategy to expand in the Mid-Atlantic and Southeast regions of the country.

Associated Estates Realty Corp. acquired Bristol at Ghent, a four-story mid-rise built in 2006, for an undisclosed price.  more...

GapingVoid creator to keynote Real Estate Connect

By Inman News, Sunday, June 10, 2007.

Hugh MacLeod tops the speaker list at this year's Real Estate Connect San Francisco, an Inman News event also featuring dozens of other visionaries and leading executives in both the real estate and technology industries.

Widely known for his insightful and often irreverent gapingvoid.com blog, MacLeod's keynote address is titled "What is happening on the Web?"  more...

Troubled borrowers to get refunds, low-cost loans

By Inman News, Sunday, June 10, 2007.

American International Group Inc. says it's set aside $178 million to settle charges by bank regulators that its subprime mortgage lending subsidiaries failed to adequately evaluate the credit of some borrowers and charged high broker and lender fees.

The agreement covers mortgages originated between July 2003 and May 2006 in the name of AIG's subsidiary, AIG Federal Savings Bank, by Wilmington Finance Inc.  more...

Big jump in overnight real estate rates

By Inman News, Sunday, June 10, 2007.

Long-term mortgage interest rates shot higher Friday, and the benchmark 10-year Treasury bond yield sank to 5.11 percent.

The 30-year fixed-rate average jumped to 6.29 percent, and the 15-year fixed rate rose to 5.99 percent. The 1-year adjustable stayed at 5.57 percent.

The 30-year Treasury bond yield was down to 5.21 percent.

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

Overbuilding, affordability haunt housing market Premium Content

By Glenn Roberts Jr., Sunday, June 10, 2007.

The same forces that built up the housing boom also played a major role in its drop-off, according to the latest annual housing market report by Harvard University's Joint Center for Housing Studies.

"Except in the few areas facing real economic distress, this housing downturn has been driven largely by the market's own excesses.  more...

Blogging series: Jonathan Butler

By Inman News, Sunday, June 10, 2007.

Unmasked in March, Inman TV talks to Brownstoner.com's Jonathan Butler.  more...

Unique plan to save ARM borrowers from foreclosure

By Jack Guttentag, Sunday, June 10, 2007.

(This is Part 4 of a five-part series. See Part 1, Part 2, Part 3 and Part 5.)

The federal government is presently under enormous pressure to "do something" about the subprime crisis.  more...

Rethinking your home search

By Dian Hymer, Sunday, June 10, 2007.

Most home buyers claim they're picky. And why shouldn't they be? The real estate they buy will be home. It needs to provide more than just a roof over their head. It needs to satisfy emotional needs that aren't easily quantifiable. The home is a reflection of the self, which makes the quest for the right place to buy complicated.  more...

Realtor says raising her commission pays off

By Robert Bruss, Sunday, June 10, 2007.

Editor's note: Robert Bruss is temporarily away. The following column from Bruss' "Best of" collection first appeared Sunday, July 16, 2006.  more...