Archive for July, 2011
Second Quarter Numbers Show Federal Home Loan Banks Supporting Economy
July 29, 2011 Posted by RealEstateRama
Washington, DC – July 29, 2011 – (RealEstateRama) — Figures released today demonstrate the Federal Home Loan Banks continue to support housing, jobs and economic growth by channeling capital from global markets to consumers and communities, according to the trade group representing the 12 regional cooperatives.
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Gloria Nilson Closes Landmark Home Sale in Rumson
July 29, 2011 Posted by New Jersey RealEstateRama
July 29, 2011 – (RealEstateRama) — The $12 million sale price for Long Point in Rumson, N.J., has secured Kelly Zaccaro’s place in the annals of real estate history. On the heels of four continuous months of improving national home sale numbers, Zaccaro, a veteran sales associate with the Rumson office of Gloria Nilson, REALTORS®, Real Living – the leading high-end real estate brokerage in central New Jersey – recently closed the single largest residential real estate transaction in the history of Rumson.
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LISC names MA state housing leader as Executive VP of Programs
July 29, 2011 Posted by RealEstateRama
NEW YORK, NY – July 29, 2011 – (RealEstateRama) — The Local Initiatives Support Corporation (LISC) has named Tina Brooks, undersecretary for housing and community development for the Commonwealth of Massachusetts, as its new executive vice president for programs.
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USAA Real Estate Company Affiliate, RXR Realty and Broadway Partners Form Joint Venture to Recapitalize Prime New York City Office Tower
July 29, 2011 Posted by RealEstateRama
San Antonio, TX – July 29, 2011 – (RealEstateRama) — U.S. Republic Core Fund, an affiliate of USAA Real Estate Company, RXR Realty and Broadway Partners today announced the recapitalization of 340 Madison Avenue, an approximately 750,000-square-foot Class A office building located in Midtown Manhattan’s Grand Central submarket.
Read the full article: USAA Real Estate Company Affiliate, RXR Realty and Broadway Partners Form Joint Venture to Recapitalize Prime New York City Office Tower ...
Up to $50,000 Available to Help Pay Your Mortgage
July 29, 2011 Posted by IHFA
BOISE, ID – July 29, 2011 – (RealEstateRama) — Do you need help with your mortgage payments? Emergency Homeowners’ Loan Program (EHLP) funds are available through the Idaho Housing and Finance Association (IHFA) to assist qualified unemployed or …
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Realtors Urge Action on Debt Ceiling
July 29, 2011 Posted by NAR
Washington, DC – July 29, 2011 – (RealEstateRama) — The following is a statement by National Association of Realtors® President Ron Phipps. “The National Association of Realtors®, on behalf of its 1.1 million members, their clients and customers, and the nation’s 75 million homeowners, urges Congress to resolve the mounting debt ceiling crisis before the August 2 deadline.
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PROPERTY ASSESSMENT ROLL INCREASES AFTER TWO YEARS OF DECLINE
July 29, 2011 Posted by California RealEstateRama
Los Angeles, CA – July 29, 2011 – (RealEstateRama) — Los Angeles County Assessor John R. Noguez today announced the 2011 Assessment Roll reflecting a 1.49 percent increase in value, ending two years of decline and producing a property roll of more than a trillion dollars for Los Angeles County. The $1,105,742,244,670 gross total property roll is $16.2 billion greater than last year.
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Modesto Man Indicted for Mortgage Fraud Scheme
July 29, 2011 Posted by California RealEstateRama
FRESNO, CA – July 29, 2011 – (RealEstateRama) — United States Attorney Benjamin B. Wagner announced that a federal grand jury returned a two-count indictment today charging Tony Huy Havens, 37, of Modesto, with conspiracy to commit mail fraud and mail fraud in a mortgage fraud scheme.
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Matthew La Madrid Sentenced for His Role Masterminding $30 Million Ponzi Scheme and Mortgage Fraud
July 29, 2011 Posted by California RealEstateRama
July 29, 2011 – (RealEstateRama) — United States Attorney Laura E. Duffy announced that Matthew “Beau” La Madrid was sentenced today by U.S. District Court Judge William Q. Hayes to serve a lengthy federal prison term in connection with his operation of the Plus Money Premium Return Funds (“PRF”) and related real estate investment and mortgage fraud schemes. The defendant entered his guilty plea on January 3, 2011.
Read the full article: Matthew La Madrid Sentenced for His Role Masterminding $30 Million Ponzi Scheme and Mortgage Fraud ...
NEW INDUSTRIAL DEVELOPMENT PLANNED FOR DCT INDUSTRIAL TRUST LAND ACQUISITION
July 29, 2011 Posted by CB Richard Ellis
Miami, FL – July 29, 2011 – (RealEstateRama) — DCT Industrial Trust, Inc. purchased 14.68 acres of land from Jacksonville-based, Everbank, for $6,260,000. The two parcel property had a staged closing with the first phase occurring July 19. The second phase is slated to close by year end. DCT Industrial plans to develop industrial distribution space for lease. The site is located in the Doral/Airport submarket.
Read the full article: NEW INDUSTRIAL DEVELOPMENT PLANNED FOR DCT INDUSTRIAL TRUST LAND ACQUISITION ...
