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NEW YORK, NY - July 28, 2010 - (RealEstateRama) -- The Advertising Council, in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), announced today the launch of a national public service advertising (PSA) campaign designed to encourage homeowners who are struggling with their monthly mortgage payments to learn about the Making Home Affordable Program. While over one million homeowners have already received assistance from the program, the national campaign encourages other struggling homeowners who may be eligible for assistance to reach out for the help they need through free resources made available by the Federal Government. The PSAs direct homeowners to visit MakingHomeAffordable.gov or call 1-888-995-HOPE (4673) to see if they may be eligible for assistance to make their mortgage payments more affordable and to understand options they may have to avoid foreclosure.
July 28, 2010 - (RealEstateRama) -- Mayor Adrian M. Fenty, Ward 4 Councilmember Muriel Bowser, Deputy Mayor for Planning and Economic Development (DMPED) Valerie Santos, Department of Housing and Community Development (DHCD) Director Leila Edmonds, and DC Office on Aging (DCOA) Director Clarence Brown joined Treasurer of the United States Rosie Rios and Ward 4 residents to break ground on 36 units of affordable senior housing at Vida Senior Residences, 1330 Missouri Avenue, NW
Equity Fund Formed to Acquire and Develop Multifamily Assets in Major Mid-Atlantic and Northeast Markets. CHICAGO and GREENBELT, MD - July 27, 2010 - (RealEstateRama) -- Pritzker Realty Group, a Chicago-based real estate investment company, and The Bozzuto Group, a Greenbelt, MD-based real estate services company, today announced the creation of a joint venture that has an initial capital commitment of $75 million
Leading U.S. brokerage announces franchises in Discovery Bay, Brentwood, San Diego and Minden, NV. CUPERTINO, SILICON VALLEY, USA - July 27, 2010 - (RealEstateRama) -- Intero Real Estate Services, a leading U.S. real estate brokerage that has recently expanded its brand globally, as a franchisor, through Intero Franchise Services, Inc. and Intero International Franchise Services, LLC, announced its continued expansion with the conversion of a former Alain Pinel brokerage affiliate in Discovery Bay and Brentwood, CA to the Intero Real Estate brand, and the addition of new franchises in San Diego, CA, and Minden, NV.
National Service Agency Officials Meet with Mayor Nutter, Help Launch Philadelphia’s Summer of Service...
Washington, DC - July 27, 2010 - (RealEstateRama) -- Stan Soloway, Board Member of the Corporation for National and Community Service, will meet with Mayor Michael Nutter on Wednesday, July 28, to discuss ways that the federal agency can support Philadelphia's efforts to engage more residents in service that helps solve the city's toughest problems – from homelessness to illiteracy and youth violence
WASHINGTON, DC - July 27, 2010 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced that the company, through its lender and housing partners, provided $5.9 billion in investment to the multifamily rental housing market for the first half of 2010
WASHINGTON, DC - July 27, 2010 - (RealEstateRama) -- Today, the Obama Administration announced expanded opportunities for public engagement on the future of our nation's housing finance system, including Fannie Mae and Freddie Mac. These events, which will include a major conference in Washington, D.C., will help provide critical public input as the Administration continues its work developing a comprehensive housing finance reform proposal for delivery to Congress by January 2011
WILTON, CT - July 26, 2010 - (RealEstateRama) -- The mortgage industry is going through sweeping change. Now is the time for all mortgage industry participants to gather and discuss new ideas, new automation strategies and new processes to move the mortgage industry forward. PROGRESS in Lending Association fills this void and provides a place for innovation and thought leadership to occur
July 26, 2010 - (RealEstateRama) -- We are honored to announce that the Fall 2010 Luxury Real Estate Lifetime Achievement Award recipient is Patricia Choi of Choi International in Honolulu , Hawaii . This prestigious award is given twice annually to the Luxury Real Estate member who has set an example for the real estate industry, displayed excellence throughout their career and is truly a legend.
July 26, 2010 - (RealEstateRama) -- The Fenty Administration celebrated a major milestone in its Housing First initiative with the placement of the District’s 1,000th household in Permanent Supportive Housing (PSH). Mayor Fenty, Department of Human Service (DHS) Director Carter, DC Housing Authority Director Adrianne Todman, Councilmember Tommy Wells and a host of advocates and community members gathered at the apartment of a United States veteran and 22-year District resident to celebrate her new life and home. The 1,000 households include individuals, families and veterans.
NORFOLK, VA - July 23, 2010 - (RealEstateRama) -- According to comScore Media Metrix, 177 million U.S. Internet users watched online video during June, supporting the recent addition of online, customized video to the ForRent.com home page. With the launch of Featured Community, the site’s newest online feature, property managers with front cover placement in For Rent Magazine® now receive prime placement of their Community TheaterTM video on the geo-targeted ForRent.com home page, increasing exposure to apartment seekers. ForRent.com is owned by For Rent Media SolutionsTM, a division of Dominion Enterprises.
Livonia, MI - July 22, 2010 - (RealEstateRama) -- One Reverse Mortgage LLC, the nation’s third largest reverse mortgage lender, today announced it will move its Livonia, Michigan, headquarters to downtown Detroit. The company, and 110 team members, will move to the Compuware Building and share space with its sister companies, Quicken Loans Inc., Fathead and In-House Realty. The move is expected to take place sometime late this summer
NEW YORK, NY - July 22, 2010 - (RealEstateRama) -- CRE Finance Council late yesterday filed a comment letter with the Department of the Treasury and the Department of Housing and Urban Development to opine on reforms of the nation's housing finance system. The Council focused its comments on one of its core competencies, the multifamily housing market
Growth Expectations Shifting Down According to Fannie Mae’s Economics & Mortgage Market Analysis Group
ASHINGTON, DC - July 21, 2010 - (RealEstateRama) -- Concerns about the global economic recovery, including lingering worries regarding European sovereign debt, and increasing caution at home among private employers and consumers are evidence of the tenuous nature of the current economic recovery, according to the July 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. The group has revised its projected growth for 2010 to 2.8 percent from 3.2 percent, and remains on guard for a setback amidst increased uncertainty and downside risks.
WASHINGTON, DC - July 21, 2010 - (RealEstateRama) -- July 19, 2010) The Building Owners and Managers Association (BOMA) International has released Retail Buildings: Standard Methods of Measurement (ANSI/BOMA Z65.5-2010), a new measurement standard that provides a uniform methodology for computing, communicating and comparing the measurement of shopping centers, providing an unequivocal direct measure of the physical size of the floor area of a retail building. The standard is designed to serve the interests of building owners, managers and occupants as well as facility managers, brokers, appraisers, assessors, lenders, insurers, developers, construction and design professionals and others.
Washington, DC - July 21, 2010 - (RealEstateRama) -- The U.S. Department of Energy today announced 15 research and deployment partnerships to help dramatically improve the energy efficiency of American homes. These highly-qualified, multidisciplinary teams will receive a total of up to $30 million for the initial eighteen months of the projects to deliver innovative energy efficiency strategies to the residential market and address barriers to bringing high-efficiency homes within reach for all Americans. A total of up to $20 million per year will also be made available for the partnerships for three potential one-year extensions. These research and deployment partnerships will provide technical assistance to retrofit projects and will leverage industry expertise and funding to support DOE's energy efficiency retrofit programs
NORFOLK, VA - July 20, 2010 - (RealEstateRama) -- For Rent Media Solutions announces the launch of Snap and Go, the Microsoft® Tag mobile scanning feature available to front cover advertisers at no additional cost. Prospective renters can use this tag to scan a bar code on For Rent Magazine through the camera on their mobile phone, which brings them to their area’s apartment listings on the ForRent.com mobile site. The “Snap and Go” tag is a mobile media first in the multi-housing industry.
July 20, 2010 - (RealEstateRama) -- Town & Country Real Estate is pleased to report that the North Fork Home Sales Report for the 2nd quarter 2010 demonstrates a solid rebound. JAMESPORT (which includes Aquebogue, Baiting Hollow and South Jamesport) leads the report with an outstanding 160% increase in the Number of Home Sales from 10 in 2nd quarter 2009 to 26 in 2nd quarter 2010. Additionally, JAMESPORT’S Total Home Sales Volume continues that ascend with a 169% increase from $3.8M to $10.2M in 2nd quarter 2009 to 2010 respectively. The Median Home Sales Price rose slightly (2.76%) from $370,000 to $380,200, year to year. Most of the activity occurred in the price category of under $500,000 where 24 of the 26 home sales occurred.
July 20, 2010 - (RealEstateRama) -- What a difference a year makes! It’s a wonderful thing to see Black dominate over Red! Town & Country Real Estate monitors 11 specific Hampton markets – each very different. We are pleased to report that in all 11 Hampton markets, the Number of Home Sales and Total Home Sales Volume saw increases – significant ones at that.
Washington, D.C. - July 20, 2010 - (RealEstateRama) -- At the world's first Clean Energy Ministerial, U.S. Energy Secretary Steven Chu today announced that the United States is helping launch more than 10 international clean energy initiatives. These initiatives will cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access to clean energy resources and jobs; and support women pursuing careers in clean energy. The new programs offer partners concrete, technical actions to promote economic growth while reducing greenhouse gas emissions and other pollutants. The initiatives will eliminate the need to build more than 500 mid-sized power plants world-wide in the next 20 years
ForRent.com’s exclusive partnership with Homes.com expands housing options for people searching for homes
NORFOLK, VA - July 16, 2010 - (RealEstateRama) -- The changing real estate landscape has consumers rethinking the way they approach the home search process. To accommodate consumers, ForRent.com, anchor website for For Rent Media SolutionsTM, a division of Dominion Enterprises, has announced the launch of its exclusive partnership with newly redesigned Homes.com. Through this partnership, consumers searching for a place to live have more options to review during their online search process.
Expansion plans in place to originate loans in 35 states by the end of 2010. MILFORD, CT - July 14, 2010 - (RealEstateRama) -- Total Mortgage Services, LLC, a leading mortgage lender and broker, announced today that it has formally launched its wholesale residential mortgage lending platform, TMS Funding, in 17 states across the United States. TMS Funding, which will compliment Total Mortgage’s successful retail lending platform, will offer mortgage brokers greater choice, service, efficiency and some of the lowest mortgage rates available
CHICAGO, IL - July 14, 2010 - (RealEstateRama) -- General Growth Properties, Inc. (NYSE: GGP), one of the country’s premier shopping mall owners and developers, and Jones Lang LaSalle (NYSE: JLL), the world’s leading integrated financial and professional services firm specializing in real estate, have established a long-term strategic alliance through which Jones Lang LaSalle acquired the management and leasing responsibilities for the properties in GGP’s third-party management division. The portfolio of 18 regional shopping malls and community centers in 11 states adds more than 11 million square feet to Jones Lang LaSalle’s retail portfolio of 84 million square feet in the Americas and 265 million square feet worldwide. In addition, through the strategic alliance, the two firms will work together to pursue opportunities for Jones Lang LaSalle to provide additional third-party services to new and existing clients.
WASHINGTON, DC - July 14, 2010 - (RealEstateRama) -- Property managers tightly controlled operating expenses throughout 2009, according to the 2010 Experience Exchange Report (EER), released by the Building Owners and Managers Association (BOMA) International in collaboration with Kingsley Associates. Analysis of operating income and expense data from “same buildings”—those who submitted data in both 2009 and 2010, whose total rentable area did not change by more than 10 percent and whose occupancy did not change by more than 15 percent—reveals that total operating expenses for U.S. private sector buildings declined by a little more than one percent. The decrease in total operating expenses illustrates what commercial real estate managers have noted all year: there is considerable pressure to reduce operating expenses and maintain strong net operating income. Rental income for all U.S. private sector buildings increased marginally, up one percent in 2009. For U.S. private sector downtown buildings, rental income increased 2.5 percent in 2009.
Goldman Sachs Partners with New York City Agencies to Finance Community Development in Bedford-Stuyvesant...
New York, NY - July 13, 2010 - (RealEstateRama) -- The NYC Housing Development Corporation (HDC), the NYC Housing Preservation and Development (HPD), The Goldman Sachs Group, Inc. and BRP Development announced an innovative $45 million real estate transaction to develop much-needed affordable housing and retail space in Bedford-Stuyvesant, Brooklyn. To be built under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP), the new mixed-use, mixed-income project, called “The Bradford,” will include 105 apartments for low- and middle-income families.
Support for ConsensusDOCS Construction Contract Documents Grows As The Door and Hardware Institute (DHI)...
Washington, D.C. - July 13, 2010 - (RealEstateRama) -- The Door and Hardware Institute (DHI) announced that is has joined the ConsensusDOCS coalition, which creates standard contract documents for use by all participants in the construction industry
Washington, D.C. - July 13, 2010 - (RealEstateRama) -- U.S. Secretary of Energy Steven Chu today announced 43 cutting-edge research projects that aim to dramatically improve how the U.S. uses and produces energy. Funded with $92 million from the American Recovery and Reinvestment Act through the Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E), today's selections focus on accelerating innovation in green technology while increasing America's competitiveness in grid scale energy storage, power electronics and building efficiency
NORFOLK, VA - July 12, 2010 - (RealEstateRama) -- ForRent.com, a leading resource for apartment searches nationwide and a division of Dominion Enterprises, has announced the launch of its free iPad application. The application, which mimics a realistic apartment search experience for prospective renters, is available for download in the iTunes store today.
LOS GATOS, CA - July 8, 2010 - (RealEstateRama) -- Sereno Group Real Estate has been ranked as the top work place in the greater Bay Area by the Bay Area News Group in their prestigious TOP WORKPLACES 2010 list, an annual profile of the top 60 places to work in the Bay Area’s five counties.“We are extremely honored to be included on the list of top workplaces, let alone to be ranked as the number one company,” said Chris Trapani, President and CEO of Sereno Group, “We were all so pleased and humbled when we received the news. It is a tremendous testament to everyone who works at the Sereno Group and contributes to our ongoing journey. It’s even more gratifying to note that this nomination was initiated and driven by our sales force and support staff and was not the result of a corporate initiative.”
LAKE TAHOE, Nev. - July 8, 2010 - (RealEstateRama) -- Home prices in Lake Tahoe are beginning to level off and the high-end market is looking lively, according to a mid-year analysis by Chase International.The average home price was up two percent ($899,515) while the median dropped only one percent ($530,681). The slight changes mark the first time the Lake Tahoe real estate market hasn’t experienced a significant drop in home prices since the end of 2007. The report compares sales and figures from January 1 through June 30, 2009 to the first two quarters of 2010.