Cousins Properties, Inc., an Atlanta, Ga.-based real estate company, acquired Post Oak Central, a Class A office complex in the Galleria submarket of Houston, Texas, for $232.6 million from institutional investors advised by J.P. Morgan Asset Management. The company also formed a joint venture with institutional investors advised by J.P. Morgan Asset Management to purchase both Terminus 100 and Terminus 200, neighboring Class AA office towers in Atlanta’s Buckhead submarket, and acquired the remaining 80 percent interest in Terminus 200 from a fund managed by Morgan Stanley Real Estate Investing.
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This is the event to be at for all real estate related professionals. Networking with like-minded people eager to expand their business opportunities and prospects. Contact me for any further information.
A three-bedroom Mediterranean Revival overlooking a 43-acre city park is on the market in Austin, Texas, for $1,995,000.
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Improving you curb appeal is easier than you think.
By C. Mark Willix
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This week we welcomed my second favorite season when autumn arrived over the weekend. While spring remains my favorite time of year, autumn brings with it a hearty helping of fall festivals, county fairs and of course delicious holiday food.
Autumn also brings buyers to the local real estate market and with them an opportunity to help your property stand out as the most attractive in your neighborhood. This is traditionally one of the busiest times of the year as buyers are looking for great deals after the summer rush season and still want to be in their new home for the holidays. Inventory is still low for our area and it is a great time for sellers to entice buyers, but that doesn’t mean sellers can ignore their property condition.
Even if you don’t want to go to a lot of trouble or expense, you can still make your home attractive by making sure to keep the falling leaves raked and prune any end-of-season dying blooms on your bushes, shrubs and trees. While keeping the landscape tidy is sufficient, a few simple improvements can be done with a modicum of effort and expense.
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WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes slipped in August due to a shortage of lower priced inventory in most of the country, an industry group said on Thursday.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in August, fell 2.6 percent to 99.2, but was 10.7 percent higher than last year.
July’s reading was revised up to 101.9, the highest level since April 2010, when buyers were racing to use the home-buyer tax credit before the deadline, the group said.
“The performance in month-to-month contract signings has been uneven with ongoing shortages of lower priced inventory in much of the country,” the association’s chief economist, Lawrence Yun, said in a statement.
(Reporting by Rachelle Younglai; Editing by Neil Stempleman)
By Elliot Njus, The Oregonian
Taxpayers bailed out Freddie Mac and its sister mortgage giant Fannie Mae to the tune of about $185 billion, so naturally a January report suggesting Freddie may have conspired against homeowners seeking to refinance raised hackles. But a government watchdog reported Wednesday the problematic investments it cited were simply a prudent hedge.
Investigative journalism nonprofit ProPublica and NPR alleged in a joint report Freddie was investing in a derivative that would pay off more if mortgageholders kept paying high rates. At the same time, it was making it more difficult for borrowers to refinance into lower rates.
On Wednesday, the watchdog said there was no evidence of collusion. Some reports suggested Freddie had been cleared of all charges, but the report does admits the investments may have created an incentive for Freddie to keep borrowers in their current loans. From The Wall Street Journal developments blog:
The report explained that Freddie had retained the inverse floater positions because there was stronger demand for other securities. …
While Freddie Mac’s trading unit could, in theory, misuse internal data and interfere with refinancing, the inspector general found “no evidence of collusion” between those sides of Freddie Mac’s operations. [more]
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Submitted by Wall St. Daily as part of our Contributors Program
A smart investor recognizes that the market is a forward-looking beast. He also knows that the market regularly scales “walls of worry,” and that prices rise before everyone realizes a recovery is imminent.
The average investor? Well, he sits on the sidelines and, in turn, misses out on significant profits.
Don’t believe me? Look no further than the real estate sector for proof…
Be Greedy When Others Are Fearful
Back in February , when I predicted the real estate market hit rock bottom, my inbox overflowed with venom for making such a preposterous claim. Hundreds of readers unsubscribed, too.
Of course, homebuilding stocks were already telegraphing a recovery. But nobody wanted to believe it because home prices were still falling across the country. They let the “wall of worry” blind them from the opportunity.
As I wrote at the time, though, “prices are going to be the last thing to bottom out.” Well, they just officially did.
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