Monthly Archives: September 2010

Fontana, CA - September 30, 2010 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has negotiated a 10-year, $20.5 million lease of the Midway Distribution Center, a 611,968-square-foot industrial property at 11101 Etiwanda Ave., in Fontana.

Los Angeles, CA - September 30, 2010 - (RealEstateRama) -- J. Michelle Hickey has joined the national real estate law firm Pircher, Nichols & Meeks in its Los Angeles office. Hickey is an Of Counsel in the real estate department with an emphasis on land use and environmental matters. Prior to joining Pircher, Hickey was a Partner and Of Counsel with Holland & Knight LLP

Irvine, CA - September 30, 2010 - (RealEstateRama) -- Keystone Pacific Property Management has promoted Ryan Lancaster from associate community association manager to community association manager.

Atlanta, GA - September 30, 2010 - (RealEstateRama) -- T. Richard Bryant, president of Lee & Associates’ Atlanta office, has named six new principals of Lee & Associates.

Snellville, GA - September 30, 2010 - (RealEstateRama) -- Foreclosur Tour of Bank Owned Homes in Decatur, Lithonia & Snellville. This tour will be Showcase of 6 homes. Price range of homes from 77,900 to $119,900.

West Hartford, CT - September 30, 2010 - (RealEstateRama) -- Looking to connect with other investors in Fairfield County and Lower New Haven County? Be sure to attend this quarterly meeting of the Fairfield County REIA sponsored by the CT REIA.

Salisbury, MD - September 30, 2010 - (RealEstateRama) -- Doug Marshall of Marshall Real Estate Auctions announces one of the Eastern Shore’s largest Bank-Owned and Estate-Owned auctions, featuring properties from Worcester, Wicomico and Dorchester counties. This multi-property event offers buyers the opportunity to save up to 50% or more on everything from commercial properties to farms, Bayfront lots [one sold Absolute, No Reserve], estate homes, investment properties and more at discount auction prices, all either Absolute or with incredibly Low Minimum Bids.

Houston, TX - September 30, 2010 - (RealEstateRama) -- CB Richard Ellis and Brookfield Real Estate Opportunity Fund (BREOF) are please to announce the execution of eight, multi-tenant office lease deals at 712 Main Street, a 792,000 square foot office building located in Houston’s Central Business District.

WASHINGTON, DC - September 30, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to Barrett Hospital Development Corporation to replace the existing Barrett Hosp...

Topeka, KS - September 30, 2010 - (RealEstateRama) -- In an effort to encourage first-time homebuyers into the market, Kansas Housing Resources Corporation (KHRC) has released $2.1 million in funding to help qualifying households purchase their first home. The funds, made possible through the First Time Homebuyer (FHTB) Program, help low to moderate-income homebuyers with closing costs and down payment assistance.

WASHINGTON, DC - September 30, 2010 - (RealEstateRama) -- U.S. Rep. Gabrielle Giffords is introducing legislation to benefit members of the military by relieving housing financial pressures for those who are transferred and easing the transition to civilian life.

September 30, 2010 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, negotiated the $3.1 million sale and purchase of a 28,717-square-foot shopping center in Juneau, Wis

Downtown Los Angeles, CA - September 30, 2010 - (RealEstateRama) -- Congresswoman Lucille Roybal-Allard joins community leaders in welcoming U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan to the site of the New Genesis apartment project on Main Street.

Washington, DC - September 30, 2010 - (RealEstateRama) -- Today, Rep. Gary Miller introduced H.R. 6256, the Strengthening FHA Through Shared Equity Homeownership Act of 2010. This legislation would establish a shared equity homeownership pilot program through the Federal Housing Administration to lessen the risk of homeownership and decrease FHA’s vulnerability to fluctuations in the housing market.

Washington, DC - September 30, 2010 - (RealEstateRama) -- Today, Congressman Joe Baca (D-Rialto) introduced legislation to assist struggling homeowners seeking loan modifications through the often complex Home Affordable Modification Program (HAMP). The Office of the Homeowner Advocate Act of 2010 creates an independent office to assist homeowners, housing counselors, and attorneys in resolving problems with HAMP, and give homeowners a greater level of control over the loan modification application process.

EUGENE, OR - September 30, 2010 - (RealEstateRama) -- Dream Homes by Jodi just became one of the easiest places to search for real estate online, thanks to Jodi Marfia and her adoption of a custom IDX solution. The IDX, Inc. premier IDX Broker software syncs thousands of MAX/East Bay Regional Data MLS (MAX/EBRD) listings right to the website of Marfia. This incredible addition gives East Bay Area home seekers the opportunity to scan all area listings at once, from the convenience of one page. Marfia has truly revolutionized the way potential buyers search for California homes online

Washington, D.C. - September 30, 2010 - (RealEstateRama) -- Congressman Ron Klein (FL-22) led the entire Florida Delegation to the U.S. House, including all Republicans and Democrats, in a letter today calling for urgent action on the Homeowners’ Defense Act. This bipartisan letter expresses strong support for Congressman Klein’s bipartisan legislation to reduce the cost of homeowners’ insurance for families in Floridaand around the country.

EUGENE, OR - September 30, 2010 - (RealEstateRama) -- IDX, Inc. and Realtor Shana Larson have joined forces to bring Mid-Florida Regional MLS (MFRMLS) to online home seekers instantaneously, on her website. The dynamic IDX Broker software extracts raw listing data from the MFRMLS and syncs it to the search page Larson represents, giving potential buyers thousands of opportunities to find the perfect property around Orlando, Florida. With the customizable tools her IDX solution provides on the website of Larson, the online property search process has never been easier or more effective.

WASHINGTON, D.C. - September 30, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly DataBook for the second quarter of 2010. The analysis shows that commercial real estate fundamentals are showing signs of a firmer stabilization as businesses eased job cuts and started to hire, consumers began to re-open their pocketbooks and as households increasingly looked to rent rather than own their homes.

WASHINGTON, D.C. - September 30, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association, today issued the following statement commending passage of legislation that would extend the current conforming loan limits through the new fiscal year and provide the Federal Housing Administration’s multifamily programs with additional commitment authority.

Waukesha, WI - September 30, 2010 - (RealEstateRama) -- Inlanta Mortgage is pleased to announce the promotion of Chris Knowlton to Vice President of Technology and Marketing. Chris has been with Inlanta Mortgage since June of 1997. Chris will continue to direct and manage the computer and information technology side along with overseeing and developing marketing plans and internet marketing use

Washington, DC - September 30, 2010 - (RealEstateRama) -- The National Housing Conference (NHC) announces a partnership with the newly formed Young Leaders in Affordable Housing —a dynamic network for students and professionals under 35 years of age focused on providing professional development and leadership opportunities for its members in the affordable housing field.

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan announced today that HUD will provide $4.3 million to local housing authorities in 19 states to provide permanent housing for 550 homeless veterans in America. The funding is provided through The Veterans Affairs Supportive Housing Program (HUD-VASH), a coordinated effort by HUD, the U.S. Department of Veterans Affairs (VA), and local housing authorities to provide permanent supportive housing for veterans experiencing homelessness. For a local breakdown of the rental vouchers announced today

Henniker, NH - September 30, 2010 - (RealEstateRama) -- While the home building industry has been hit hard by the downturn in the economy, one association of log home manufacturers is seeing growth. Granite State Forest Products in Henniker, New Hampshire is the latest company to join the Log Homes Council.

Washington, D.C. - September 30, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged a pair of employees at Boston-based State Street Bank and Trust Company with misleading investors about their exposure to subprime investments.

WASHINGTON, D.C. - September 30, 2010 - (RealEstateRama) -- Builders and developers support the goals of low-impact development and believe that federal, state and local land development policies should be flexible and responsive to consumer preferences, according to Bruce Boncke, who testified before Congress today on behalf of the National Association of Home Builders (NAHB).Far more important than any regulation is the effort to improve cooperation between local governments, builders and developers, and other stakeholders. "This collaborative approach can serve the industry – and the environment – as we all continue to work toward sustainable development," said Boncke, who is the chief executive officer of BME Associates, an engineering firm based in Rochester, New York.

Las Vegas, NV - September 29, 2010 - (RealEstateRama) -- The Ballen Group, one of the country’s top-producing real estate teams, is leaving Coldwell Banker Wardley to join the Keller Williams Realty team in the Keller Williams Realty Las Vegas Market Center

September 29, 2010 - (RealEstateRama) -- The 15th Annual Luxury Real Estate Fall Conference was recently held Monday, September 20th to Wednesday, September 22nd, at the Four Seasons Seattle. Keynote Speakers were Cliff Burrows, President, Starbucks USA, and Stuart Silk, Stuart Silk Architects.The Conference was hosted by John Brian Losh, Chairman and CEO of Luxury Real Estate, (LuxuryRealEstate.com and Who’s Who of Luxury Real Estate), a membership-driven luxury brokerage assemblage based in Seattle, Washington. The network includes the most prominent global luxury brokers and meets three times each year, nationally and internationally, to discuss current real estate trends.

LANSING, MI - September 29, 2010 - (RealEstateRama) -- Attorney General Mike Cox today announced that his office, with the assistance of the Michigan State Police, secured a guilty plea against Eddie Zaben of Dearborn for his role in a major mortgage fraud operation in Southeast Michigan. Zaben, 40, pled guilty to two counts of obtaining mortgage proceeds under false pretenses. Zaben will serve 2-10 years in prison and must pay $3 million in restitution. Zaben is the latest conviction resulting from a year-long investigation by the Michigan Mortgage Fraud Task Force and included efforts by the Michigan State Police, the U.S. Secret Service and the Attorney General's office. Six other defendants have already been convicted for their roles in the scheme.

Washington, DC - September 29, 2010 - (RealEstateRama) -- Today, Rep. Tim Walz (MN-01) and Rep. John Boozman (AR-3) introduced bipartisan legislation to help prevent veterans with VA home loans from becoming homeless due to foreclosure. The legislation mandates that the VA notify its homelessness case managers within seven days of a VA home loan going into default and that the case manager assigned put in place a plan to prevent the veteran from subsequently becoming homeless due to the foreclosure.The Veterans’ Homelessness Prevention and Early Warning Act of 2010 preemptively addresses homelessness amongst Americans veterans. VA-backed home loans, like the larger housing industry, have seen a steady increase in the foreclosure rate over the last three years. In 2007, 8,113 foreclosures of VA loans were completed. In 2009, that number had risen to 15,145