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Lincoln Property Co. expands in Atlanta

By Inman News, Friday, December 3, 2004.

Lincoln Property Co. acquired the 437,000-square-foot Overlook III office building in Atlanta's Northwest/Vinings submarket.

The value of the transaction was $56.5 million.

Lincoln acquired the 23-story, class A building from Hines' National Office Partners fund on behalf of a pension fund client.

Overlook III is home to The Vinings Club, a full-service health club and restaurant, as well an office supply store, florist, newsstand, conference facilities and other retail amenities.  more...

Pharmaceutical giant buys in California

By Inman News, Friday, December 3, 2004.

Marcus & Millichap arranged the sale of a 114,000-square foot warehouse/manufacturing building in the Cabot and Forbes Industrial Park in South San Francisco, Calif.

The property commanded an $11.2 million sales price.

A Palm Desert, Calif., private investor sold the property through a 1031 exchange to South San Francisco-based Genentech Inc., an international pharmaceutical company.  more...

Trizec joint venture lands D.C. office building

By Inman News, Friday, December 3, 2004.

Trizec Properties has purchased a significant interest in 2001 M St., a 229,000-square-foot office property in Washington, D.C.

The value of the transaction was $76.6 million.

The property is held in a joint venture with a local investor group.

The seller was BCSP II Washington Mortgage Holdings LLC.

The property was fully occupied at the time of sale, with the 211,000-square-foot office portion being leased to KPMG through the end of 2011. Trizec will lease and manage the property.  more...

RE/MAX and LendingTree settle trademark lawsuit Premium Content

By Inman News, Friday, December 3, 2004.

RE/MAX International and LendingTree have settled a trademark infringement lawsuit brought by RE/MAX in September 2003 against LendingTree.

 more...

New futures market to protect against housing bubble

By Inman News, Friday, December 3, 2004.

The nation's largest futures exchange today announced that it plans to build a sophisticated derivates market to protect homeowners from a bursting housing bubble.

Chicago Mercantile Exchange has completed a Letter of Intent with MACRO Securities Research LLC to explore developing derivatives based on the Fiserv, CSW family of Housing Price Indexes.  more...

Realtors test new real estate transaction system

By Glenn Roberts Jr., Friday, December 3, 2004.

Building upon the electronic real estate forms technology now used by about 180,000 Realtors across the country, a new transaction management system is in its early launch phase.

The pioneer users of this system, developed with the support of the National Association of Realtors and the California Association of Realtors, include a national group of individual Realtors, brokerages, Realtor associations and multiple listing services.  more...

Real estate marketing spend not always smart

By Julie Brosterman, Friday, December 3, 2004.

Another beautiful day in Los Angeles and I'm at the corner watching the traffic zoom by as I wait for an opening in the speeding cars. My eye catches a park bench at the corner with the smiling face of "Joe Realtor." I suddenly realize that it's my neighbor's ex-husband grinning back at me.

What could make him think that this is a good way to spend his hard-earned money? In a city where everyone drives, is a bus-stop bench a good place to advertise your real estate talents? Who is reading his sign?  more...

Former SoCal mayor named in real estate fraud charges Premium Content

By Inman News, Friday, December 3, 2004.

A federal grand jury in Santa Ana, Calif., on Wednesday indicted eight defendants in a complex real estate scheme, alleging they fraudulently converted Huntington Beach apartments to condominiums, then sold the properties for substantial profits.  more...

New real estate title search product debuts

By Inman News, Friday, December 3, 2004.

Vendor management company Equity Settlement Services has expanded its offerings to the mortgage lending and origination community with the rollout of a Web-based abstracting platform.

ESSearcher offers mortgage lenders and brokers the ability to execute self-service title services, view document images, abstract information directly and identify parties to property titles in hundreds of counties across the nation.  more...

HomeGain, Most Home Corp. partner for real estate leads

By Inman News, Friday, December 3, 2004.

Most Home Corp., a leader in the Internet real estate services industry, today announced an agreement with HomeGain to provide lead response and lead qualification for all online inquiries for the Canadian real estate market and add HomeGain leads for select U.S. market areas to their Most Referred Real Estate Agent Network.

Through Most Referred's network of more than 5,200 peer-nominated real estate professionals, consumers have access to the most referred Realtors in more than 2,600 markets across the U.S. and Canada.  more...

Real estate: The week ahead

By Inman News, Friday, December 3, 2004.

  • The National Association of Home Builders is sponsoring, "Close to Home: A Symposium on Workforce Housing," Dec. 8, in Washington, D.C. Department of Housing and Urban Development Secretary Alphonso Jackson, Freddie Mac CEO Richard Syron, NAHB President Bobby Rayburn, and Nicolas Retsinas, director of the Harvard Joint Center for Housing Studies, are among the event speakers.  more...

Coldwell Banker, HGTV.com partner for sweepstakes

By Inman News, Friday, December 3, 2004.

Coldwell Banker Real Estate Corp. has launched "Ready, Set, Move!," a $15,000 online consumer sweepstakes in conjunction with HGTV's popular "Designed to Sell" program. Coldwell Banker is a television sponsor of "Designed to Sell."

As part of the promotion, online content from the Coldwell Banker Web site, including the company's online home listings search engine, are integrated within the "Designed to Sell" Web site at www.hgtv.com.  more...

Overnight real estate rates post gains

By Inman News, Friday, December 3, 2004.

Long-term mortgage interest rates were higher Thursday, and the benchmark 10-year Treasury bond yield climbed to 4.4 percent.

The 30-year fixed-rate average rose to 5.44 percent, and the 15-year fixed-rate increased to 4.87 percent. The 1-year adjustable was up at 3.41 percent.

The 30-year Treasury bond yield rose to 5.05 percent.

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