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KBS REIT III, a public real estate investment trust, acquired Las Cimas IV, a five-story office building in Austin, TX, from Lincoln Property Co. for $35.9 million or $260 per square foot. The property was built in 2008 and is at 900 S. Capital of Texas Highway. It totals 138,008 square feet and overlooks Lake [...]
SA banks, hard hit by large numbers of home loan defaults during the recent recession, are set for a much better time in the next few years because of the quality lending books they are building now. Thats the word from one of South Africa’s leading mortgage originators, who says: The home loan business the [...]
In Real Estate transactions these days, buying or selling property can be a slippery slope for anybody. For years, they have all counted on Real Estate agents to help them with the ins and outs of Buying or Selling Real Estate and having to part with a big commission for the privilege. Buying a house [...]
The number of home foreclosures and land foreclosure listings in Minneapolis, Minnesota continues to hammer the residential property market of the metro area. According to local realtors, certain neighborhoods in Minnesota have some of the highest number of residential foreclosures and abandoned and empty properties in the whole state. This, they revealed, prompted the introduction [...]
In an effort to boost the economy, create jobs, and stabilize neighborhoods, 33 U.S. Senators are asking the Obama Administration and the Federal Housing Finance Agency (FHFA) to swiftly develop an efficient and effective real estate-owned (REO) management strategy to make better use of vacant foreclosed homes. Led by Sens. Jack Reed (D-RI), Tim Johnson [...]