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Millennium Tower purchased

By Inman News, Monday, June 9, 2008.

San Francisco-based RREEF North America recently sold the 353,461-square-foot Millennium Tower in Dallas, Texas, to a real estate investment trust for an undisclosed price.

KBS REIT's acquisition of the 14-story, class A office building bring the REIT's Dallas/Fort Worth portfolio to 792,539 square feet. The property includes 3.34 acres and a six-level parking garage with a parking ratio of 3.7 per 1,000 square feet. It also has an on-site café, bank and property management office.  more...

Westheimer I and II change hands

By Inman News, Monday, June 9, 2008.

A two-building office complex situated on nearly 6.3 acres in Houston, Texas, has sold to a locally based real estate investment company for an undisclosed price.

American Spectrum Realty Inc. purchased the multitenant properties, which comprise 178,076 square feet, from Laguna Hills, Calif.-based Foremost Fountainview L.P.  more...

Rabina makes Mass. purchase

By Inman News, Monday, June 9, 2008.

New York-based Rabina Properties purchased two distribution buildings in Auburn, Mass., for $38.5 million, brokerage Holliday Fenoglio Fowler L.P. reported today.

The buildings, located at 26 and 28 Millbury St., comprise 667,000 square feet.

Liberty Properties of Boston sold the facilities, which include a 210,000-square-foot, build-to-suit facility for Interline Brands and a 457,000-square-foot building that serves as the main distribution hub for Filene's Basement.  more...

Vast powers Overstock.com real estate search

By Inman News, Monday, June 9, 2008.
Overstock.com real estate search tool

Executives with online closeout retailer Overstock.com Inc. say their initial foray into the world of property listings is powered by Vast, but that they plan to add property data from multiple listing services and for-sale-by-owner aggregators to achieve comprehensive coverage of the United States.  more...

MSN Real Estate, Trulia climb Web rankings

By Inman News, Monday, June 9, 2008.

The following is a real estate technology roundup:

MSN Real Estate site jumps in Hitwise rankings  more...

Mortgage Grader wants to slash loan fees Premium Content

By Matt Carter, Monday, June 9, 2008.
Jeff Lazerson, Mortgage Grader

Editor's note: Part 3 of a three-part series on new online mortgage tools looks at Mortgage Grader. Read Part 1, "Borrowers get a crack at lending black box," and Part 2, "Widget for mortgage loan quotes debuts."  more...

Yahoo Real Estate chief doesn't look back

By Inman News, Monday, June 9, 2008.
Michael Yang

Michael Yang, general manager of Yahoo Real Estate, oversees three lines of business for the Web portal and search company.

Yahoo Real Estate features property listings searches for existing homes, rentals and foreclosures, as well as home values, the ability to find a Realtor, and information guides on finance, mortgage and home buying and selling topics.

Yang will speak at Real Estate Connect in San Francisco, July 23-25, 2008.

He answered a set of questions posed by Inman News:  more...

Innovate or disintegrate

By Jessica Swesey, Monday, June 9, 2008.

It's hard to believe that I am sitting here thinking of the opening sentence to my farewell column for Inman News. I've been a part of the news team here for the last six years and it has become an integral part of who I am.

In the summer of 2002, on my very first day in the newsroom, the hot story was about something called VOWs, or virtual office Web sites. National Association of Realtors officers were discussing implementing an MLS policy for dealing with this new method of sharing property listings online.  more...

Craigslist HTML limits could doom flashy listings Premium Content

By Matt Carter, Monday, June 9, 2008.

The online classified service craigslist is contemplating restrictions on HTML formatting to combat cloaked spam links and embedded false keywords in ads -- a move that could also make it harder to create slick-looking property listings using third-party applications like vFlyer and postlets.  more...

Daniel Rothamel joins Inman News

By Inman News, Monday, June 9, 2008.

Daniel Rothamel was named Community Manager at Inman News today.

Rothamel is a licensed real estate agent with Strong Team Realtors in the Commonwealth of Virginia and a member of the National Association of Realtors. In addition, he is a basketball official who officiates high school and NCAA D-III basketball.  more...