Dot-com crash anniversary, Part 2
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"From BradInman.com
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Case-Shiller: Home-price declines slowing
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"Las Vegas posts first monthly increase in 3 years
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Report: 1 in 4 loans underwater
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"70% of Nevada mortgages exceed home's value
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Car ownership linked to mortgage defaults
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"Study says cost of housing should include transportation costs
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RPR revamps MLS licensing agreement
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"Revisions to contract posted on company blog
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In 2020, will process replace policy?
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"Brokerages may become knowledge, information services firms
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Short sales at new peak in January
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"REO transactions still higher at 27.2%
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Online marketing done right
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"Social media, blogging platforms can hinder agent Web rankings
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Reply.com announces IPO
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"2001 startup delivers leads, traffic to real estate, auto industries
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NAR: Keep tax credit through 2010
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"Isakson reportedly not on board for another reprieve
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Poll: MLSs undecided on RPR
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"Size of multiple listing service not a factor in desire to participate
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Report reveals appraisal fees
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"A la mode says monthly bulletins will help with FHA, RESPA compliance
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'Gentleman cowboy' a master schmoozer
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"About Us: People in Real Estate
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Chinese drywall: remediate at own risk?
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"From The Real Deal
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Interactive floor plans going mobile
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"From Future of Real Estate Marketing
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CoStar's Deals of Note for Tuesday
From: www.costar.com
"WASHINGTON, DC
Bernstein Buys Stake in $250M Multifamily Portfolio
By Laurie Forbes
Bernstein Management entered into a joint venture partnership with Forest City Enterprises to purchase 50 percent interest in a three-property multifamily portfolio..."
Skincare Company Expands to Torrance
From: www.costar.com
"Murad, a skincare product manufacturer, acquired 1340 W. Storm Parkway in Torrance, CA, from Storm Industries for $7.2 million, or approximately $125 per square foot. The company will expand into the 57,343-square-foot distribution building this quarter..."
In The Pipeline: CoStar Development and Construction News for Feb. 21-27
From: www.costar.com
"In this week's edition of In The Pipeline, the development arm of Opus Corp. is exploring all options -- including its possible sale -- as Opus continues to struggle in the bruising CRE market; billion investor Carl Icahn has acquired the unfinished..."
North Hollywood Apt. Complex Sells for $6.4 Million
From: www.costar.com
"J & B Asset Management purchased the Terraces at Toluca, a 32-unit apartment complex at 10834 Blix St. in North Hollywood, CA, from Latitude Management Real Estate Investors for $6.41 million, or about $200,312 per unit. The complex traded in a 1031 exchange..."
Woodland Hills Office Bldg. Earns LEED Silver
From: www.costar.com
"Hines, an international real estate firm, earned the U.S. Green Building Council s LEED Silver certification for its office building at 5700 Canoga Ave. in Woodland Hills, CA.
The five-story, 179,336-square-foot building was constructed in 2005 in..."
Aaron Brothers Bldg. in Santa Monica Trades for $4M
From: www.costar.com
"Esther Funk and Joanne Crawford sold a 9,940-square-foot retail building at 1641-1645 Lincoln Blvd. in Santa Monica, CA, to George and Debra Tash for $4.15 million, or about $418 per square foot.
The single-story freestanding property was built in..."
CoStar's People of Note (Feb. 14-20)
From: www.costar.com
"This week's People of Note includes the following markets: Chicago, Denver, Los Angeles, National, New York City, Southwest and Washington, DC
CHICAGO, NATIONAL
Opus North Names Shaver as CEO
Tom Shaver joined Opus North Corp., a Chicago-based..."
Colliers Adds SVP to Retail Services Group
From: www.costar.com
"Morgan McEvoy joined Colliers International s Retail Services Group as senior vice president. McEvoy specializes in leasing retail power centers and shopping centers throughout greater Los Angeles.
He said he chose Colliers because: This move has..."
KBS Realty Names SVP of SW Acquisitions & Dispositions
From: www.costar.com
"KBS Realty Advisors named Christopher Aust as senior vice president and director of acquisitions and dispositions for the southwest region. He will identify acquisition targets in southern California, Nevada, Arizona, New Mexico and Colorado.
The..."
Three Commercial Lots in Rosemead Sell for $8.8M
From: www.costar.com
"Reliable Wholesale Lumber Inc. sold three lots totaling approximately 3.37 acres at 8614 Valley Blvd. in Rosemead, CA, to Sen Won LLC for $8.8 million, or about $2.61 million per acre.
Although the buyer purchased the property because of the land,..."
Redondo Beach Office Bldg. Sells for $614 PSF
From: www.costar.com
"The Terence C. McGaughey Trust and Spirito Family Trust acquired a 2,892-square-foot office building at 116 Avenue I in Redondo Beach, CA, from Joseph Carl Alflen Trust for nearly $1.76 million, or approximately $614 per square foot. The property sold..."
Former Opus North CEO Joins Trammell Crow
From: www.costar.com
"Daniel Queenan, the former president and CEO of Opus North Corp., joined Trammell Crow Co. in Chicago as president of central operations. He will head the firm s Austin, Chicago, Dallas and Houston branches and TCC s Healthcare Initiative.
Queenan..."
Investors Buy Long Beach Office Bldg. for $205 PSF
From: www.costar.com
"Sean and Linda Hitchcock purchased the 13,144-square-foot office building at 3620 Long Beach Blvd. in Long Beach, CA, from a private trust for $2.7 million, or about $205 per square foot. The capitalization rate was 7.9 percent. The transaction represented..."
Deadline Fast Approaching for CoStar Power Broker Awards
From: www.costar.com
"Did you outdo, out-sell, out-lease and outshine your competition in 2009? Have your professional accomplishment recognized by qualifying for the 2009 CoStar Power Broker Award!
Don't delay. The deadline to submit your transactions totals is March..."
Risky CRE Lending Deadly for Banks
From: www.costar.com
"The autopsy of 16 bank fatalities completed this year have identified commercial real estate lending as the primary killer in more than half (nine) of the cases, and an accomplice in one other.
In the seven cases in which CRE was not specified, the..."
Real Money (Feb. 11): Capital Raisings, Property Financings
From: www.costar.com
"Annaly Capital Management Inc. priced its public offering of $500 million in aggregate principal amount of its 4% convertible senior notes due 2015. Annaly granted the underwriter of the notes a thirty-day option to purchase up to an additional $75 million..."
In The Pipeline: CoStar Development and Construction News for Feb. 14-20
From: www.costar.com
"In this week's Pipeline, the owner of the Century Plaza Hotel strikes a deal with preservationists to revise its development plan to avoid demolishing the L.A. landmark. Over the mountains in Hollywood, meanwhile, W Hotels unveils its $350 million hotel..."
Lease Up/Lease Down (Feb. 7-13): Major Relocations in Washington, DC
From: www.costar.com
"CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial..."
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