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WASHINGTON, DC - November 17, 2010 - (RealEstateRama) -- Commercial real estate visionaries from both academia and industry painted a fairly optimistic picture of what the industry will look like in the next ten years during 2020: A Vision for Commercial Real Estate, a thought leader symposium presented by the Building Owners and Managers Association (BOMA) Foundation and the Georgetown University School of Continuing Studies and its Masters of Professional Studies in Real Estate Program held last Tuesday in Washington, D.C. Their predictions point to a future in which property management is increasingly important, buildings are carbon neutral and shifting demographics create a greater demand for real estate.“Our inaugural Thought Leader Symposium was an inspiring glimpse of what our industry will look like a decade from now,” commented BOMA Foundation Chair Marilyn Wilbarger, director of property management, City of Key West, Fla. “Attendees heard from the best and brightest minds in real estate, finance and sustainability and walked away with a better idea of how to prepare for future success.”
WASHINGTON, DC - November 17, 2010 - (RealEstateRama) -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) held an oversight hearing investigating problems in the mortgage servicing industry. The Committee heard testimony from state officials, industry executives, and experts in law and consumer protection, and explored how mortgage servicing practices may have prevented modifications and even resulted in unjustifiable foreclosures.
NEW YORK, NY - November 16, 2010 - (RealEstateRama) -- J.P. Morgan Worldwide Securities Services today announced that it has been appointed by True North Management Group LLC to provide real estate fund administration services for its True North High Yield Investment Fund II which closed in April 2010 with $330 million of equity commitments and is expected to finish with $500-$600 million of equity commitments.
New York, NY - November 16, 2010 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) announced today that leases covering 141,887 square feet with new or expanding tenants have been signed within the past 30 days
November 16, 2010 - (RealEstateRama) -- Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Loss Mitigation Technology and Document Services for the financial services industry, announces the direct integration with EarlyCheck in support of Fannie Mae’s Loan Quality Initiative (LQI). EarlyCheck provides users with access to Fannie Mae’s data checks at any point in the lender’s business process. Validating critical data prior to delivering a loan to Fannie Mae provides increased certainty for the lender and ultimately reduces funding and pooling delays after submission
FAYETTEVILLE, AR - November 16, 2010 - (RealEstateRama) -- A $55,000 Affordable Housing Program (AHP) grant from Bank of the Ozarks and the Federal Home Loan Bank of Dallas (FHLB Dallas) will assist the Fayetteville Housing Authority with much needed repairs to apartments for very low-income residents.
WASHINGTON, D.C. - November 16, 2010 - (RealEstateRama) -- The Congressional Oversight Panel today released its November oversight report, "Examining the Consequences of Mortgage Irregularities for Financial Stability and Foreclosure Mitigation." The Panel reviewed allegations that companies servicing $6.4 trillion in American mortgages may in some cases have bypassed legally required steps to foreclose on a home. The implications of these irregularities remain unclear, but it is possible that "robo-signing" may have concealed deeper problems in the mortgage market that could potentially threaten financial stability and undermine foreclosure prevention efforts
NEW YORK, NY - November 15, 2010 - (RealEstateRama) -- Chase announced today that it more than doubled its Small Business Administration loan volume in fiscal 2010 to become the nation's largest SBA lender, helping 250 more businesses than the next largest lender.
OCEAN SPRINGS, MS - November 15, 2010 - (RealEstateRama) -- The first home in the new Savannah Pines subdivision is complete, and Savannah Pines, LLC, will host an open house and celebration event on Saturday, November 13, 2010, from 10:00 a.m. to 4:00 p.m. The event welcomes the public and will provide a tour of the new home and information about the subdivision
USAA Real Estate Company Obtains Highest Platinum Certification on The Renaissance Tower in Sacramento,...
November 15, 2010 - (RealEstateRama) -- USAA Real Estate Company is pleased to announce that the Renaissance Tower, a multi-tenant, class A, high rise office building located in Sacramento, California has earned a Leadership in Energy & Environmental Design for Existing Buildings (LEED EBOM) certification from the United States Green Building Council (USGBC) at its highest, Platinum, level.
CHICAGO, IL - November 12, 2010 - (RealEstateRama) -- New Haven, Connecticut real estate executive John J. Leary, CRE®, has assumed the role of 2011 Chair of the Board of The Counselors of Real Estate® , an international organization of top-level commercial real estate advisors headquartered in Chicago. Leary began his one-year term on October 20 at the 2010 CRE Annual Convention in Philadelphia.
Washington D.C. - November 11, 2010 - (RealEstateRama) -- On October 16, 2010 the Construction Specifications Institute’s (CSI) Board of Directors officially endorsed six ConsensusDOCS contract documents. CSI joined the ConsensusDOCS® coalition in spring 2010 to contribute in the creation of best practices for construction documentation and communication. CSI participated in drafting sessions as an equal member. The CSI Technical Committee reviewed six documents for adherence to CSI principles, and recommended endorsement of those documents.
New Orleans, LA - November 9, 2010 - (RealEstateRama) -- The Orleans Parish School Board (OPSB) today announced an agreement with The Counselors of Real Estate® (CRE) and its Consulting Corps program to help evaluate, appraise and recommend efficient means to help sell up to 50 surplus properties.
Detroit, MI - November 9, 2010 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online lender, and a top-five retail mortgage lender, today announced it recently closed its 1 millionth home loan. This milestone comes in the same year the company is celebrating its 25th anniversary.
WASHINGTON, DC - November 9, 2010 - (RealEstateRama) -- The U.S. Department of Veterans Affairs (VA) announced today an important program designed to provide enhanced services to low-income Veterans and their families who are at risk of being homeless. Under the Supportive Services for Veteran Families Program, VA will provide grants to private non-profit organizations and consumer cooperatives that will help break the cycle of homelessness among America’s Veterans at risk.
November 5, 2010 - (RealEstateRama) -- NARI and CEDIA have formed the Remodeling & Home Technologies Council. The mission statement is “to advance home technology awareness within the remodeling industry and to expand business opportunities via partnership between CEDIA and NARI members.”
GENEVA, CH - November 5, 2010 - (RealEstateRama) -- Earlier today, with the knowledge that a majority of Americans fear for their ability to pay their mortgage or rent, the United States underwent its first-ever Universal Periodic Review (UPR) before the United Nations Human Rights Council. The UPR was a rigorous examination of U.S. human rights policy, and has demonstrated that the U.S. has a long way to go in order to live up to its human rights obligations
WASHINGTON, DC - November 5, 2010 - (RealEstateRama) -- The best and brightest minds in commercial real estate will convene next Tuesday to offer their predictions for the future during 2020: A Vision for Commercial Real Estate, a symposium presented by the BOMA Foundation and the Georgetown University School of Continuing Studies and its Masters of Professional Studies in Real Estate Program. Featuring a dozen experts from all sectors of the industry, the program will explore where real estate will be ten years from now.“This unique program will provide attendees with an insider look at how real estate will evolve over the next decade and insight into how best to prepare for these changes,” remarked BOMA Foundation Chair Marilyn Wilbarger, director of property management, City of Key West, Fla. “Through lively debate, these thought leaders will explain how we can learn from a down market, create growth and optimize sustainability for future success.”
Alexandria, VA - November 4, 2010 - (RealEstateRama) -- The latest American Bankruptcy Institute podcast features a conversation between ABI Resident Scholar Prof. Laura Bartell and bankruptcy attorney and Clean Slate blog author Andy Winchell discussing the recent mortgage foreclosure documentation crisis. In addition to his own involvement in consumer cases with poor mortgage documentation, Winchell examines issues related to the large-scale mortgage foreclosure documentation problems recently admitted by Bank of America, JP Morgan Chase and Ally Financial
ABI’S 16th ANNUAL ROCKY MOUNTAIN BANKRUPTCY CONFERENCE TO EXAMINE CREDIT-BIDDING, PONZI SCHEMES, HEALTH CARE...
Alexandria, VA - November 4, 2010 - (RealEstateRama) -- Examine the lessons learned in both business and consumer bankruptcy cases over the past year and take a look at what trends may lie ahead in 2010 at the American Bankruptcy Institute’s (ABI) 16th Annual Rocky Mountain Bankruptcy Conference, set to take place on Jan. 27-28, 2011, at the Westin Tabor Center in Denver. The Conference will feature 14 panel sessions, including four as part of a separate workshop geared toward consumer practitioners. Attendees at the Rocky Mountain Bankruptcy Conference have the opportunity to earn 10.75/12.5 hours of CLE/CPE credit and 3/3.5 hours of ethics
GARLAND, TX - November 4, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of Dallas (FHLB Dallas) and Professional Bank are pleased to announce they have awarded a $14,000 Affordable Housing Program (AHP) grant to Habitat for Humanity of Greater Garland (HFHGG) to assist with the construction of two single family homes in Dallas County
ORANGE, TX - November 4, 2010 - (RealEstateRama) -- Orange Savings Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) are pleased to announce the opening of Putnam Place, which was awarded a $116,404 Affordable Housing Program (AHP) grant from the banks in 2007. The AHP grant assisted Orange, Texas, nonprofit Roselawn Manor, Inc. with the construction of the facility. Representatives from Orange Savings Bank and FHLB Dallas gathered for a ribbon cutting at Putnam Place on Tuesday, November 2
TIAA-CREF Announces $50 Million Green Building Technology Investment Partnership with Good Energies, Inc.
November 3, 2010 - (RealEstateRama) -- TIAA-CREF and Good Energies, a global clean energy/clean tech investment firm, today announced a partnership between the firms to make venture capital investments together in the areas of energy efficiency and green building technology. The first of these investments is a $4.5 million private equity investment by TIAA-CREF in Ice Energy, which produces cost efficient, energy saving cooling systems
Jackson, WY - November 2, 2010 - (RealEstateRama) -- The Partners of Jackson Hole Real Estate Associates are proud to announce that Julie Bryan, founder of the Windermere real estate franchise in both Jackson and Teton Valley, and her agents have become affiliated with Jackson Hole Real Estate Associates. “Julie Bryan has built an incredible organization and we are thrilled to work with them and the outstanding professionals that have comprised the Windermere offices,” stated Bob Graham, a Principal of JHRE Associates.
FORT WORTH, TX - November 2, 2010 - (RealEstateRama) -- OmniAmerican Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $20,000 Partnership Grant Program award to Southeast Fort Worth, Inc., a Fort Worth-based economic development organization, to support efforts to revitalize Southeast Fort Worth neighborhoods. The check was presented during an event on Friday, October 29, at OmniAmerican Bank’s headquarters at 1320 S. University Drive in Fort Worth, Texas.
WASHINGTON, DC - November 2, 2010 - (RealEstateRama) -- HOPE NOW, the private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors released its September 2010 survey data today, which estimates the industry completed close to 150,000 permanent loan modifications for the month.
HERNDON, VA - November 2, 2010 - (RealEstateRama) -- NAIOP, the Commercial Real Estate Development Association, has named its 2011 leadership, led by S. Alex Klatskin, partner with Forsgate Industrial Partners, a private industrial real estate development and investment firm based in Teterboro, New Jersey. Klatskin will serve as chairman for the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.
VIENNA, VA - November 1, 2010 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN), today released its 2009 Mortgage Loan Fraud (MLF) study which found the number of mortgage fraud suspicious activity reports (SARs) filed in 2009 grew 4 percent compared with the number of mortgage fraud SARs filed in 2008. FinCEN also reported today that just looking at the fourth quarter of 2009, mortgage fraud SAR filings increased 6 percent over the same period in 2008.
WASHINGTON, DC - November 1, 2010 - (RealEstateRama) -- With mortgage rates at historic lows, Veterans and military personnel continue to use the Department of Veterans Affairs (VA) home loan program in record numbers to purchase a home or refinance their existing loans
DALLAS, TX - November 1, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce that it has awarded more than $2.2 million in Affordable Housing Program (AHP) grants, through certain of its member institutions, to help fund the purchase, construction, or renovation of 284 housing units in Louisiana.