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Bridgeway Tech Center sells to REIT

By Inman News, Tuesday, July 10, 2007.

KBS Real Estate Investment Trust recently acquired Bridgeway Technology Center in Newark, Calif., for an undisclosed price.

The acquisition is an office/R&D property comprised of two single-story buildings totaling 187,268 square feet on an approximately 13-acre site. Built in 1996, the two buildings are of tilt-up concrete construction. The first building totals 75,342 square feet with 95 percent office build out, and the second building totals 111,926 square feet with 60 percent office build out.  more...

Software developer to keep current headquarters

By Inman News, Tuesday, July 10, 2007.

CommVault, a data management software developer, has renewed its 123,000-square-foot headquarters lease in Oceanport, N.J., for an undisclosed price.

The Monmouth Park Corporate Center II space is located at 2 Crescent Place. CommVault has been in the building since 2007 when it initially rented 45,000 square feet.

MPCCII LLC owns the 228,000-square-foot Monmouth Park Corporate Center II, which provides CommVault both the ability to save money by growing in place and a strategic location close to Manhattan and Philadelphia.

TIC investors land Georgia apartments

By Inman News, Tuesday, July 10, 2007.

Tenant-in-common investors recently acquired The Retreat at Stonecrest apartment community in Lithonia, Ga., for an undisclosed price.

Jeffrey E. Smith Cos. sold the 276-unit, class A property at 96 percent occupancy.  more...

Spreading out, dumbing down, wasting time

By Inman News, Tuesday, July 10, 2007.

Editor's note: The following post was made by Inman News publisher Bradley Inman on the Inman News Blog. Click here to follow the discussion this post sparked or to join in.

Spreading out, dumbing down, wasting time

A sign that the Web 2.0 hoopla may be peaking is the number of critics lining up to challenge the value of new applications for connecting, sharing, self-publishing and niche communicating.  more...

NAR's top exec to speak at Connect

By Inman News, Tuesday, July 10, 2007.

Longtime National Association of Realtors staffer Dale Stinton became CEO of the powerful real estate trade group in late 2005.

Stinton has overseen the association during a challenging time of changing markets and a lengthy legal battle with the Justice Department.

The CEO previously served as chief financial officer and chief information officer for NAR, and has worked with the trade group for more than 20 years. He has served on the board of directors of RE FormsNet, the association's electronic forms business, as well as Sentrilock, the association's lockbox business.  more...

NAR expects drop in home sales, prices

By Inman News, Tuesday, July 10, 2007.

Existing-home sales are expected to drop 5.7 percent this year, with the median existing-home price falling 1.4 percent to $218,800, the National Association of Realtors reported today in its latest forecast.

And new single-family sales are expected to drop 17.7 percent this year after an 18.1 percent drop in 2006, with the median price of new homes dropping 2.6 percent this year to $240,100.  more...

Internet Brands buys ApartmentRatings

By Inman News, Tuesday, July 10, 2007.

Internet Brands has added to its Web real estate holdings with the purchase of ApartmentRatings.com, an online community of apartment renters, the company announced Tuesday.

Launched in 2000 by Jeremy and Katie Bencken, ApartmentRatings.com has more than 500,000 reviews and ratings of about 60,000 apartments nationwide.  more...

Home loan applications rise in latest tally

By Inman News, Tuesday, July 10, 2007.

Despite a sizeable jump in interest rates, mortgage applications last week continued to rise, the Mortgage Bankers Association reported today.

The market composite index, a measure of total home loan volume, was up 1.1 percent on a seasonally adjusted basis from the week before.  more...

Real estate rates fall overnight

By Inman News, Tuesday, July 10, 2007.

Long-term mortgage interest rates were down Tuesday, and the benchmark 10-year Treasury bond yield fell to 5.02 percent.

The 30-year fixed-rate average sank to 6.31 percent, and the 15-year fixed rate edged down to 6.01 percent. The 1-year adjustable dipped to 5.56 percent.

The 30-year Treasury bond yield was down at 5.12 percent.

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

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states.  more...

Zillow zooms out with neighborhood discussions, data

By Inman News, Tuesday, July 10, 2007.

Zillow has expanded its focus on homes to the surrounding neighborhoods, adding neighborhood pages with detailed demographic information for more than 130 U.S.  more...

Google as a lead strategy Premium Content

By Jessica Swesey, Tuesday, July 10, 2007.

Editor's note: In this three-part series, Inman News looks at how the changing market is impacting lead generation, how agents are competing for top spots on Google, and how the lending industry faces increased criticism of its use of trigger lists.  more...

LeadQual on InmanTV

By Inman News, Tuesday, July 10, 2007.

Search-engine marketing and online lead generation are fast-changing Internet business channels for real estate practitioners.  more...

Subprime fallout hurts home builders

By Inman News, Tuesday, July 10, 2007.

The housing market continues to deteriorate, and subprime-related tightening in the mortgage market is among the contributors, the National Association of Home Builders announced in a forecast report Tuesday.

"Most housing indicators show ongoing deterioration of market conditions through all or most of the second quarter, and it's clear that the subprime-related tightening of mortgage market conditions has provoked an extra down leg to the housing downswing that began in the second half of 2005," stated David Seiders, the association's chief economist.  more...

There's big money in 55-and-older market

By Tom Kelly, Tuesday, July 10, 2007.

(This is Part 1 of a two-part series. Read Part 2, "Hot Realtor niche now 15,000 strong.")

Some of the newer real estate sales models focus on the speed and resources of the Internet, hoping to lure the under-35 generation, sometimes known as the iPod generation, with a high-tech approach to residential transactions.  more...

Right way to do stucco repair

By Bill and Kevin Burnett, Tuesday, July 10, 2007.

Q: I have narrowed a leak in my stucco wall to the lower corners of a window. Below it, I had a small firewood pass-through door removed. I've watched various other stucco repairs on our house, and I'm pretty handy, so I have a pretty good idea of what I need to do, but I have a few questions:

1. Once I remove the stucco, what caulk, tar or sealer should I use to cover small holes or leaks?

2. Besides Stucco Patch, is there a bag mix of stucco cement with the right proportions of Portland Cement, sand and lime that I can simply purchase?  more...

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