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Enjoy the latest news and headlines in the world of Real Estate, read Laurie Flood's newsletter, or check out some valuable resources that provide some in-depth details on loans and financing.

Home Benefits Group NewsLetter

Real Estate Resources (PDF format)

Austin business journal

Texas AG offers lackluster ruling on F1 funds
Attorney General Greg Abbott has issued an opinion on State Comptroller Susan Combs’ authority to pledge state funds for the Formula One U.S. Grand Prix race — sort of. The Attorney General did not rule whether Combs had the authority to commit $250 million from the Major Events Trust Funds over a 10-year period, but stated that the comptroller is required by law to follow certain procedures. “Whether she in fact did so requires a resolution of facts not amenable to the opinion process,”...
Entrepreneurs: Silicon Valley is better than Austin
From a startup company perspective, Austin is definitely not Silicon Valley and it probably shouldn’t even try to be. Four entrepreneurs who moved their young technology companies from Austin to Silicon Valley said Friday the San Francisco Bay Area is more conducive to startups because the area’s number of venture capital firms has made investors more aggressive and more tolerant of risk. Such dynamics provide a fertile ground for tech companies planning to grow quickly, they said during a panel...
‘Happy chic’ designer Jonathan Adler opens Austin store
Jonathan Adler, celebrity interior designer and purveyor of “happy chic” furniture and home accessories, opened his first Austin store today at 1011 W. Fifth St. The 3,500-square-foot store carries an assortment of Adler’s designs including decorative objects, bedding, bath accessories, candles, rugs, pillows, furniture and lighting. Adler was the lead judge on Bravo network’s “Top Design” show. His company’s motto is “If your heirs won’t fight over it, we won’t make it.” Want...
Java venture proves to be challenging labor of passion
Victoria Lynden knows firsthand that inspiration can hit an entrepreneur at any time. Lynden “never really had the intention of starting a coffee company” until, while vacationing on the North Shore in Hawaii, she sampled the decadent kona coffee that became the inspiration behind Kohana Coffee. Once the idea struck, the challenge was breaking into the field as a small, woman-owned company. At the time, Lynden, a serial entrepreneur and CEO of Alliance Abroad Group, was opening Cissi’s Market...
Filing shows $3K more in funding for Mass Relevance
A Friday regulatory filing by Twitter curator Mass Relevance Inc. provided additional details about the company’s financing announced earlier this week. Austin-based Mass Relevance previously announced a $3.3 million Series A round of funding but the company actually received $3.6 million from 10 investors, according to the Friday filing with the U.S. Securities and Exchange Commission. Mass Relevance, which launched in 2010, manages Twitter messages for clients. The company employed 10 workers...

Texas A&M real estate center

Quarry Falls into Heavy Metal
FORT WORTH (Fort Worth Star-Telegram) –A metal recycling company is movingintoan oldlimestone quarry that is being"recycled" as an industrial park.
Legend Docks at Harborwalk
GALVESTON (Legend Communities Inc.) – Austin-based development company Legend Communities Inc. haspurchased the 550-acre Harborwalk project fromBBVA Compass.
Wynhaven at Willowbrook Sold
HOUSTON (MIG Real Estate) – California-based MIG Real Estate LLC has acquired Wynhaven at Willowbrook, a 372-unit multifamily residential community.
DCT Stamps Houston Industrial Property
HOUSTON (GlobeSt.com) –DCT Industrial Trust Inc. has acquireda Class-A, two-building industrial property at10780-10798 Kempwood Dr. Theproperty was sold by itsdeveloper, Core Real Estate LLC.
TWIA Approves 5 Percent Rate Hike
AUSTIN (Associated Press) – If you own property along the Texas coast,you maysee an increase inwhat you pay forwindstorm coverage come January.

Wall Street Journal real estate

A Riverfront Jaguar Lair
This 14,000-square-foot house on the St. Johns River is coming up for auction on May 24 with no minimum bid. The owners used to own the Jacksonville Jaguars football team, thus the painting of three jaguars that hangs over the fireplace in the living room and which comes with the house.
Living in 'Sunny' San Francisco
This 1,947-square-foot Victorian home with three bedrooms and three bathrooms in San Francisco's sunnier Noe Valley neighborhood is asking $1.7 million.
Loft Living in Berlin
A sprawling brick brewery, built in 1891, had been a graffiti-covered ruin before the owners helped convert it into a loft complex. This 3,300-square-foot unit with five bedrooms and three baths asks ?1.6 million ($2.1 million).
Private Properties
Three New York apartments owned by the late heiress Huguette Clark sell for about $55 million; Michael and Roxanne Klein buy in San Francisco for $27 million; a Colorado ranch lists for $49.5 million.
Bidding Wars for Homes Are Back
A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.

CNN real estate
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'I have an airplane hangar in my front yard'
Like so many Americans across the nation, Julie Clark commutes to work. But she doesn't drive, walk or even take a bus or train. Instead, she flies a plane.
New York condo sells for a record $90M
An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer.
Home buying at most affordable level in decades
Buying a home has reached its most affordable level in more than two decades.
The Facebook effect on San Francisco real estate
The Basis Point is a popular mortgage and housing blog that tracks consumer critical issues and data. It is edited by Julian Hebron, a retail mortgage lender who runs the San Francisco branches of RPM Mortgage.
Mortgage rates hit record low again
Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row.

National Association of Realtors
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