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Joint venture buys Georgia mall

By Inman News, Tuesday, May 11, 2004.

CB Richard Ellis' Retail Investment Properties Group represented P&W Headland LLC in the sale of the Headland-Delowe Shopping Center, a 96,814-square-foot grocery-anchored retail center in East Point, Ga.

The value of the transaction was not disclosed.

Originally built in 1964 and redeveloped in 1982, Headland-Delowe Shopping Center is anchored by a Save-Rite grocery warehouse.

CHK & Associates and DKK & Associates partnered together to purchase the property.  more...

WebEx signs in Silicon Valley

By Inman News, Tuesday, May 11, 2004.

WebEx Communications, a provider of Web communication services, has signed a 10-year lease agreement for 161,000 square feet of office space in Santa Clara, Calif.

The value of the transaction was not disclosed.

DivcoWest owns the property, Mission Towers II, which had been recently completed and was unoccupied at the time it was acquired.  more...

Private investment group acquires SoCal business park

By Inman News, Tuesday, May 11, 2004.

Grubb & Ellis represented TA Associates, a Newport Beach-based private investment group, in the purchase of San Dimas Business Park, a 95,153-square-foot property in San Dimas, Calif.

The transaction was valued at $9 million.

The five-building project, which is located at 301-403 E. Arrow Highway, was 94 percent leased at the time of sale.

The property was sold by San Dimas Business Park LLC of Woodland Hills.

Grubb & Ellis is a global provider of integrated real estate services.

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Real cost of real estate is shrinking Premium Content

By Glenn Roberts Jr., Tuesday, May 11, 2004.

Food, clothing, shelter. It seems like those simple necessities of life now cost more than they ever did before. But is that perception true?  more...

Julie from Hollywood

By Julie Brosterman, Tuesday, May 11, 2004.

An e-mail comes from a friend who has been MIA–moved to Orange County with wife and kids:

"I don't know what you're up to these days..." he writes, "but this may be of interest to you."

Attached are two PDF-format files that I struggle to open as they don't give any indication of their subject, and my friend may have been crazy to move to OC, but he's unusually reliable.

I open the attachment that describes, via a press release, the national audition schedule for a new reality TV show with remodeling as the theme. Very up my alley.  more...

Real estate prices, sales keep climbing in Golden State

By Inman News, Tuesday, May 11, 2004.

TowerGroup analyst to speak at Real Estate Connect Premium Content

By Inman News, Tuesday, May 11, 2004.

Craig Focardi will speak at Real Estate Connect July 28-30 in San Francisco.

Craig Focardi worries about death, taxes and funding his own retirement–not necessarily in that order. He is a respected consultant in the mortgage industry, and he holds a master's degree in applied economics.  more...

Realtors midyear event opens for business

By Inman News, Tuesday, May 11, 2004.

Real estate prices post double-digit gains

By Inman News, Tuesday, May 11, 2004.

Real estate demand still strong

By Inman News, Tuesday, May 11, 2004.

An improving economy, low mortgage interest rates and a large underlying demand for housing kept total state existing-home sales near record levels in the first quarter. Forty-two states and the District of Columbia experienced sales increases in comparison with the first quarter of 2003, according to the National Association of Realtors.  more...

Real estate expo to aid military families

By Inman News, Tuesday, May 11, 2004.

The Realtors Association of NorthWest Chicagoland will hold a Community Home Expo to raise money for financially distressed military families in Illinois.  more...

Citigroup builds real estate business

By Inman News, Tuesday, May 11, 2004.

Citigroup announced today it will buy Principal Financial Group's mortgage business for approximately $1.3 billion.

The acquisition of Des Moines, Iowa-based Principal Residential Mortgage includes about $6.9 billion in assets and $137 million of franchise premium. The deal, expected to close prior to the end of the year, is expected to add to Citigroup's earnings this year.  more...

Real estate lenders add airline miles

By Inman News, Tuesday, May 11, 2004.

Four of the nation's largest mortgage lenders have signed a deal that will enable frequent fliers to rack up airline miles awards when they obtain a new or refinanced mortgage or home equity loan.

The deal announced today will enable America West Airlines FlightFund members to get miles when they obtain real estate financing through Washington Mutual, Chase Home Finance, CitiMortgage and Wachovia Mortgage Corp.  more...

Technology manages real estate lenders' risk

By Inman News, Tuesday, May 11, 2004.

First American CREDCO, which provides specialty credit reports to the mortgage industry, has launched a new product suite that aims to help mortgage lenders manage risk and proactively retain customers.

The Portfolio Services product enables lenders to monitor specific activities on an individual consumer's credit file, evaluate credit-specific trends and receive summarized credit-related demographics for consumers within their portfolio.  more...

Real estate remodeling picks up pace

By Inman News, Tuesday, May 11, 2004.

Residential remodelers are bullish in their economic outlook for 2004, according to the National Association of Home Builders, which today reported its Remodeling Market Index (RMI) rose to a record level of 59 in the first quarter.  more...

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