Monthly Archives: June 2011

MONMOUTH, IL - June 29, 2011 - (RealEstateRama) -- A retiree raising her disabled grandson, Janice Painter has found something she never thought possible: a new two-bedroom rental home she can afford on her limited income.

INDIANAPOLIS, IN - June 29, 2011 - (RealEstateRama) -- Congressman André Carson will join the Indianapolis Housing Agency (IHA) and local officials to break ground Wednesday on a $30 million project that will revitalize Lugar Tower in downtown Indianapolis and build a brand new mixed-use, mixed-income development at the tower’s base.

ORLANDO, FL - June 29, 2011 - (RealEstateRama) -- Many families across Florida and the rest of the nation will spend the Fourth of July holiday away from home, basking on the state’s beautiful beaches, traveling to see relatives or maybe just visiting friends for a backyard barbecue.To fully enjoy those activities and other summertime pursuits spent away from home, Florida Realtors® suggests that homeowners take precautions to safeguard their residences when they’re not around. Crime rates across the country often start to peak as temperatures rise during warm weather months – the same time that many families leave their homes unoccupied and unprotected.

WASHINGTON, DC - June 29, 2011 - (RealEstateRama) -- The U.S. Department of Labor today announced $83,941,360 in grants through the National Farmworker Jobs Program to combat the chronic unemployment and underemployment experienced by migrant and seasonal farmworkers who depend primarily on agricultural labor jobs. A total of $78,253,180 will go to 52 organizations nationwide to provide training, employment and support services for farmworkers and their families. An additional $5,688,600 will go to 16 organizations to provide temporary or permanent housing assistance

WASHINGTON, DC - June 29, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced publication of a final rule setting the minimum standards that states must meet to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) in licensing mortgage loan originators. The final rule is posted for public display on the Federal Register’s Electronic Public Inspection Desk today and will be published in tomorrow's Federal Register.

Washington, D.C. - June 29, 2011 - (RealEstateRama) -- The collapse of the housing market resulted in greater interest in smaller homes and lot sizes, but that appears to be leveling off. There continues to be interest from homeowners in investing in their properties, particularly with regards to outdoor living space. Accessibility within the home remains a concern, especially for an aging population, along with ongoing demand for more flexible and open design within homes. Business conditions for residential architects are showing improving conditions with the highest billings score since mid-2007.

Washington, D.C. - June 29, 2011 - (RealEstateRama) -- The collapse of the housing market resulted in greater interest in smaller homes and lot sizes, but that appears to be leveling off. There continues to be interest from homeowners in investing in their properties, particularly with regards to outdoor living space. Accessibility within the home remains a concern, especially for an aging population, along with ongoing demand for more flexible and open design within homes. Business conditions for residential architects are showing improving conditions with the highest billings score since mid-2007.

Washington, D.C. - June 29, 2011 - (RealEstateRama) -- The collapse of the housing market resulted in greater interest in smaller homes and lot sizes, but that appears to be leveling off. There continues to be interest from homeowners in investing in their properties, particularly with regards to outdoor living space. Accessibility within the home remains a concern, especially for an aging population, along with ongoing demand for more flexible and open design within homes. Business conditions for residential architects are showing improving conditions with the highest billings score since mid-2007.

Washington, D.C. - June 29, 2011 - (RealEstateRama) -- The collapse of the housing market resulted in greater interest in smaller homes and lot sizes, but that appears to be leveling off. There continues to be interest from homeowners in investing in their properties, particularly with regards to outdoor living space. Accessibility within the home remains a concern, especially for an aging population, along with ongoing demand for more flexible and open design within homes. Business conditions for residential architects are showing improving conditions with the highest billings score since mid-2007.

WASHINGTON, D.C. - June 29, 2011 - (RealEstateRama) -- USAA Real Estate Company, co-developer with Cambridge Development Group of The Preserve on Fredericksburg, announced the sale of the 376-unit Class-A multi-family project located in San Antonio, Texas to an undisclosed institutional investor. Will Balthrope with the Balthrope Group of Institutional Property Advisors, a Marcus & Millichap Company, represented USAA in the transaction. Details of the purchase and sale agreement have not been disclosed.

Chicago, IL - June 29, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced it would make available to potential investors a database of stalled building projects nationwide that make economic sense but which lack the financing to be completed.The AIA is announcing this commitment here today as a participating member at CGI America, the first conference of the Clinton Global Initiative solely dedicated to economic issues impacting the United States. The database should be available in coming months.

Chicago, IL - June 29, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced it would make available to potential investors a database of stalled building projects nationwide that make economic sense but which lack the financing to be completed.The AIA is announcing this commitment here today as a participating member at CGI America, the first conference of the Clinton Global Initiative solely dedicated to economic issues impacting the United States. The database should be available in coming months.

WASHINGTON, D.C. - June 29, 2011 - (RealEstateRama) -- CRL, the National Consumer Law Center and other groups yesterday filed a joint comment letter on why a new proposal by the Office of the Comptroller of the Currency makes no sense, will not stand up in court, and should be withdrawn. [Read the letter: http://www.responsiblelending.org/mortgage-lending/policy-legislation/regulators/comments-to-the-occ-we.html.]

Detroit, MI - June 29, 2011 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online home lender, today became the first mortgage provider to offer a mobile app that enables clients to apply for a home loan from the palm of their hand with the launch of “MyQL Mobile.” The app, available for the iPhone, iPod touch and iPad, guides clients from their initial application to the closing table, all part of the company’s mission to provide a home loan experience that is “Engineered to Amaze.”

Miami, FL - June 29, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) announced today that Tim Gifford has joined the Capital Markets group as Senior Vice President. Gifford is based in the Miami office and will focus on investment acquisitions, dispositions and financing of properties in the Latin American markets.

New York, NY - June 29, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that more than 50% of the units are sold at 88 Morningside, the fastest selling new development in Harlem.

Westborough, MA - June 29, 2011 - (RealEstateRama) -- Northland Residential’s continued focus on developing relationships with the highest performing mortgage professionals and real estate agents continues to pay off for their four properties: The Woodlands at Belmont, The Residences at Black Rock, The Villages at Brookside, and The Village at Seven Springs.

Los Angeles, CA - June 29, 2011 - (RealEstateRama) -- HGA Architects and Engineers (HGA) has hired Nancy E. Darr as a Business Developer for the firm’s Los Angeles office. Darr will be responsible for collaborating with firm leadership to implement business development and marketing strategies within the Southern California market.

New York, NY - June 29, 2011 - (RealEstateRama) -- June 28, 2011 – Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has appointed Tuval Mor as a licensed salesperson.

PISCATAWAY, N.J. - June 29, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has orchestrated an 11,000-square-foot headquarters lease for Shadow Financial Systems at Washington Plaza, 1551 South Washington Ave. in Piscataway. The software company, which develops solutions for global securities processing, reconciliation, clearing, treasury and accounting, will relocate to the Class A property from Edison, N.J., this summer in an expansion move.

NEW YORK, NY - June 29, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by RFR Realty LLC as co-leasing agent for 757 Third Avenue. The company will be responsible for assisting the building owner with leasing and marketing efforts at the 27-floor, 457,250-square-foot, Class A office building.

June 29, 2011 - (RealEstateRama) -- Good commercial property management, by definition, is pretty simple. Buildings are well maintained and attractive, systems do what they should do, and tenant needs are addressed promptly and thoroughly. Quality property management ranks right up there with location as a key to attracting and, even more importantly, retaining tenants.

COLORADO SPRINGS, CO - June 29, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) Capital Markets, a Freddie Mac correspondent, arranged acquisition financing in the amount of $12,650,000 for Briarglen Apartments, a multi-family community totaling 220...

WASHINGTON, D.C. - June 29, 2011 - (RealEstateRama) -- Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 24, 2011.

EUGENE, OR - June 29, 2011 - (RealEstateRama) -- Today, real estate broker Jennifer McBride and IDX, Inc. announce the unveiling of the unique, thorough and comprehensive real estate website McBride has synced with an IDX solution. The IDX Broker software she has integrated onto her search page gives McBride and her clients a detailed database of Evansville, Indiana listings, displaying thousands of Southwest Indiana MLS (SWIMLS) listings seamlessly and instantly. Home seekers can experience an online property search comparable to none, thanks to the IDX enabled website McBride hosts.

EUGENE, OR - June 29, 2011 - (RealEstateRama) -- IDX, Inc. and John Cotten have joined forces to present Austin, Texas property listings and foreclosure services in one convenient and easy-to-use online real estate resource. Cotten has proven himself as a smarter broker by integrating an IDX solution onto his website; syncing his customizable search page to thousands of Austin MLS (ACTRIS) listings. Never before has such a concise online real estate search page been so easily accessible by home seekers. Cotten has forever changed the way potential Austin buyers search for properties online.

DALLAS, TX - June 29, 2011 - (RealEstateRama) -- HomeVestors of America, Inc. (“HomeVestors”), known for its registered trademark We Buy Ugly Houses®, has been diligent in protecting its trademarks. For many years HomeVestors has aggressively pursued a campaign to stop third parties from improperly using the company’s federally registered and protected trademarks in their business activities

EUGENE, OR - June 29, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce Sherla Chen, a Sacramento Realtor, has become the latest real estate professional to adopt IDX Broker software, allowing her to join an elite group of agents and brokers who have revolutionized the online real estate market. Chen has integrated her Metrolist Sacramento membership with her unique IDX supported search page, displaying thousands of Sacramento, California area property listings efficiently and effectively.

DALLAS, TX - June 29, 2011 - (RealEstateRama) -- HomeVestors of America, Inc., known as the “We Buy Ugly Houses®” company, announced that national public voting is now under way in the “2011 Ugliest House of the Year®” contest in six regional markets across the USA. Have your voice heard and compare your opinion with others by voting in the 2011 “Ugliest House” contest.

Washington, DC - June 29, 2011 - (RealEstateRama) -- Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.