Archive for November 3rd, 2008

Realtor.com’s Pricey New Look

Continue Reading Add comment November 3rd, 2008

realtor.jpg

Realtor.com, the first real estate search site and official online arm of the National Association of Realtors, got a new look last week. The company says the redesign makes the site easier to navigate and prettier to look at, with bigger photos and a warmer color scheme.

Among the things frequent Realtor.com visitors may note is that you no longer have to type in a city name, state and zip like you would on an envelope. Instead you just type in the city or zip in one line and you can start searching.

Realtor.com says home buyers are now viewing 40% more properties and are 37% more likely to send a friend an email with the new look. More than 3.3 million folks have registered for home alerts since the beta version of the site was launched in May.

One thing I noticed is that the default on the searches now brings you a list of available homes from highest priced to lowest. That means if you live in a place like Los Angeles your first properties are going to be multi-million-dollar homes, unless you tailor your search accordingly. Lorna Borenstein, president of Move.com, Realtor.com’s parent, says the site was designed to do that because her main customers, real estate agents, want it that way. Realtors pay to advertise on the site. “What we find is that Realtors spend a lot more time on higher end homes,” she says.

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Cabot Properties Gets $65M Financing for 2.4M-SF Industrial Portfolio

Continue Reading Add comment November 3rd, 2008

Cabot Properties Inc., the Boston-based private equity real estate firm, has managed to get its hands on $65 million in financing for a group of 14 newly acquired industrial properties. Read more »

Lease Renewals Strong in Otherwise Uncertain New Jersey Office Sector

Continue Reading Add comment November 3rd, 2008

The Northern/Central New Jersey office market experienced strong lease renewal activity during this year’s third quarter as tenants opt to stay in place in the midst of turbulent economic times, according to a report by CB Richard Ellis Inc. Read more »