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Advice for the Rookie Realtor Premium Content

By Inman News, Thursday, July 1, 2004.

Re: 'Rookie Realtor plagued by advice to quit' (June 30)

Dear Rookie:

I suggest you quit spending so much time writing and get to work selling. You discuss your failures so much that you have no room for success.  more...

Chicago real estate listing battle takes another turn

By Samantha Peterson, Thursday, July 1, 2004.

The saga among real estate brokers in the Chicago area took another turn when the Chicago Association of Realtors reversed its position on an all-in or all-out brokerage listing policy.

 

The board of directors for the Multiple Listing Service of Northern Illinois  more...

Harsch bags mall in Northwest

By Inman News, Thursday, July 1, 2004.

Harsch Investment Properties purchased SeaTac Village, a 164,369-square-foot shopping center in Federal Way, Wash.

The transaction was valued at $24.5 million.

Located at the intersection of South 320th Street and Pacific Highway South, it is directly across from two Harsch-owned shopping centers – the 126,689-square-foot Pavilion II Centre developed by Harsch in 2003, and the 190,000-square-foot Ross Plaza planned for redevelopment in 2005.  more...

Pepsi expands in Arizona

By Inman News, Thursday, July 1, 2004.

Soft-drink company Pepsi acquired the 150,000-square-foot former Sea Ray Boats headquarters in Phoenix, Ariz.

The value of the transaction was $4.1 million.

The new facilities for Pepsi comprise a 105,846-square-foot structure and a companion 41,905-square-foot building. The larger facility provides dock-high and ground-level loading, plus 13,446 square feet. of office space. The smaller building has four oversized truck doors and 20-24 foot clearance.  more...

The Centrum sells in L.A.

By Inman News, Thursday, July 1, 2004.

Cushman & Wakefield negotiated EP Investment's sale of the 137,000-square-foot The Centrum in Universal City, Calif.

The transaction was value at $28 million.

Jamison Properties for acquired the six-story, red brick and glass building, located at 3575 West Cahuenga Blvd.

The building was 85 percent occupied at the time of sale primarily by entertainment industry firms.

Jamison Properties represented itself in the transaction.

Cushman & Wakefield is a privately held real estate services company operating worldwide.  more...

Real estate 24/7

By Inman News, Thursday, July 1, 2004.

Ready for this? You wake up at 3 a.m., cannot sleep, put on some clothes and visit a couple of open houses. Or, you cannot cram your closing meeting with your escrow officer into a normal part of the day, so you set up an appointment for 2 a.m. at the all-night title office.

Kinko's does it. Home Depot does it. Most grocery stores do it, so why not real estate?  more...

Real estate signs shed light on listings

By Glenn Roberts Jr., Thursday, July 1, 2004.

Lawn signs are going high-tech. A new solar-powered, LED-lit, computer-chip-equipped signpost can keep real estate lawn signs lit around-the-clock.

After a test run in Florida, the developers are checking into mass production for the signposts, which can shed light on standard real estate signs. They hope to sell the signposts for $199 to real estate agents around the country.

"The largest point of sale item is the lawn sign in the real estate industry," said Louis Dvorak, whose brother, James, designed the signpost.  more...

Lenders woo and sidestep real estate agents for customers Premium Content

By Samantha Peterson, Thursday, July 1, 2004.

Editor's note: This special four-part series will explore who controls the average real estate transaction, who or what is challenging and changing that central role and how it impacts the industry and consumers.  more...

Ozonian navigates banking, real estate

By Inman News, Thursday, July 1, 2004.

James Harrison dives into real estate innovation

By Inman News, Thursday, July 1, 2004.

James Harrison, CEO of North Texas Real Estate Information Systems Inc., will speak at Real Estate Connect, presented July 28-30 in San Francisco.

Panel at Connect: MLS/Data Track – Breakout 2: Integrated Transaction Management Systems

What are your current or childhood nicknames?

Jimbo was my childhood nickname–sometimes I still here it from current friends.

Which daily newspaper do you read and which section of the newsp  more...

Realtors get data security software

By Inman News, Thursday, July 1, 2004.

The Center for Realtor Technology of the National Association of Realtors today released a new software tool to enhance the security of real estate data.

The new software product, reCaptcha 1.0, is a package that can determine whether a computer has been under attack by a remote computer programmed to intrude secretly and capture private data from Web sites. The product is designed to assist system managers to develop countermeasures to protect computer systems from a form of data theft called "scraping."  more...

Fixed mortgage rates cool

By Inman News, Thursday, July 1, 2004.

Long-term mortgage rates inched lower this week, remaining mostly undisturbed by yesterday's quarter-percentage-point hike in the federal funds rate, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.

In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 6.21 percent for the week ended today, down from last week when it averaged 6.25 percent.

The average for the 15-year fixed-rate mortgage this week is 5.62 percent, also down slightly from last week when it averaged 5.64 percent.  more...

Overture enters real estate Web search revolution

By Inman News, Thursday, July 1, 2004.

Overture has launched a new local sponsored search product that enables advertisers such as local real estate agents to target customers interested in specific neighborhoods. Local Match enables real estate agents to advertise in location-specific, relevant consumer searches.  more...

Real estate construction spending up in May

By Inman News, Thursday, July 1, 2004.

Spending on private residential construction was up slightly in May over the previous month, the U.S. Census Bureau reported today. Residential construction spending was at a seasonally adjusted annual rate of $532.3 billion in May, or 0.8 percent above the revised April estimate of $528.2 billion. Private nonresidential construction spending, meanwhile, dropped about 0.4 percent from April to May, from $219.7 billion to $218.9 billion.  more...

Capital Title Group subsidiary acquires flood determination co.

By Inman News, Thursday, July 1, 2004.

CTG Real Estate Information Services, a subsidiary of Capital Title Group, has acquired Determination Processing Services, a provider of residential and commercial flood determinations on property throughout the United States.

"The acquisition of DPSI broadens the capabilities of our bundled settlement services," said Richard A. Alexander, president and CEO of CTG Real Estate Information Services. "The flood determination service is a well-matched product to those we provide through Nationwide Appraisal Services, another recently completed transaction."  more...

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