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Optimism, and a wizard’s hat, at 2012 Hawaii real estate forecast

1/27/2012 6:07 PM

A wizard’s hat, poems and a kaleidoscope. No, I wasn’t at a carnival on Friday morning. Instead, those were just some of the tools used by the presenters at the 2012 Hawaii Real Estate Forecast, held at the Hawaii Convention Center. The captive audience, mostly made up of Realtors, listened to the experts throughout the marketplace. Paul B...Read More

Former Wachovia loan officer Andrew Vulpis sentenced

1/27/2012 4:23 PM

Andrew Vulpis was sentenced to 30 months in federal prison for conspiracy to commit bank fraud. Vulpis was an officer of Wachovia Bank in Tampa when he played a role in 12 residential real estate transactions in Hillsborough and Pinellas counties that involved fraud, a written statement from the U.S. Attorney for the Middle District of Florida said...Read More

GenCorp development ZIP code change denied

1/27/2012 4:09 PM

GenCorp Inc.’s effort to get a Folsom ZIP code for a part of its proposed residential development called Boroughs of Easton failed. The U.S. Postal Service turned down the company’s request for the Folsom name change, and the area will remain part of Rancho Cordova. “We are delighted with the decision,” Rancho Cordova Mayor David Sander said ...Read More

PNC loans $41M for Stiles’ apartment project

1/27/2012 3:39 PM

PNC Bank provided a $40.6 million mortgage to a joint venture partnership between Stiles Corp. and Prudential Insurance (NYSE: PRU) to build an apartment project in Plantation. University Center Partners, an entity controlled by Fort Lauderdale-based Stiles, had a $12.5 million mortgage with EverBank covering the 85,812-square-foot mixed-use pro...Read More

San Jose: Tough place to rent, good place to buy?

1/27/2012 3:12 PM

Prospective home buyers take comfort. A recent analysis of the nation’s housing markets found San Jose to be the second hottest housing market in the country. Local Market Monitor, a firm that analyzes markets for the banking industry, recently put together a three-year forecast of the nation’s largest housing markets. San Jose-Sunnyvale-Sant...Read More

2.8-acre former apartment site sells for $2.2 million

1/27/2012 2:51 PM

A 2.8-acre site in the West End submarket has sold for $2.2 million. 511 Chesterfield Partnership purchased the property located at 511 Chesterfield Avenue, which was once home to the Blair House apartments. The seller was Place Properties out of Atlanta. In 2006, the property sold for $4.8 million.

Mortgage rates edge higher

1/27/2012 2:50 PM

1/27/2012 2:06 PM

U.S. mortgage rates edge higher

1/27/2012 1:59 PM

1/27/2012 1:56 PM