Monthly Archives: September 2010

San Diego, CA - September 15, 2010 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) continues the success of its opportunistic investment platform with the closing of a joint venture with Davidson Communities. The joint venture purchased The Sentinels at Del Sur subdivision located in San Diego, Calif. from Bank of America. The project consists of 17 substantially finished lots and four fully completed and furnished model homes that have been highly upgraded with a number of options. The Del Sur community is an 1,800-acre master plan community that will eventually comprise approximately 3,000 single-family and multifamily residences and an abundance of community amenities. Del Sur is a collection of intimately designed neighborhoods with parks and pools within walking distance of neighborhoods, highly rated schools, a future town center with shops and dining and over 1,000 acres of open space.

Lehigh Valley, PA - September 15, 2010 - (RealEstateRama) -- NAI Summit represented First Commonwealth Federal Credit Union in the sale of 2804 William Penn Highway.

NEW YORK, NY - September 14, 2010 - (RealEstateRama) -- Antoinette Hodgson pleaded guilty today to conspiracy to commit wire fraud in connection with her operation of a $45 million Ponzi scheme that fraudulently solicited investments in real estate from more than 20 New York and New Jersey investors, announced Preet Bharara, U.S.

HOUSTON, NC - September 14, 2010 - (RealEstateRama) -- Hines, the international real estate firm, announced today that Hines Global REIT has acquired Hock Plaza from Brickman Durham LLC.

COLUMBIA, MD - September 14, 2010 - (RealEstateRama) -- South Burlington-based Cathedral Square Corporation today received a MetLife Foundation Award for Excellence in Affordable Housing.

Tampa, FL - September 15, 2010 - (RealEstateRama) -- Green Real Estate Education, the leader in offering energy education programs has developed a four hour module for the insurance industry. This is an introduction to green building that will launch across the country in September in 150 colleges and can be taken on line directly through their site as well. Additional fast track programs in their curriculum of courses include courses for health care and the real estate professions

Atlanta, GA - September 15, 2010 - (RealEstateRama) -- Industry veteran will bring national and regional real estate experience to the firm. Lee & Associates, one of the largest commercial real estate firms in the country, has named L. Brett Chambless the newest partner of the recently opened Atlanta office

Tampa, FL - September 15, 2010 - (RealEstateRama) -- Green Real Estate Education who has educated over 6,000 in introducing green education to the real estate sectors has partnered with Pro Train LLC in Raleigh, N.C., to deliver their customized online green training programs to the college markets. Pro Train is the leading provider in offering cost effective green programs in continuing education and adult education sectors in the United States. Green Real Estate Education who provides high quality, affordable educational programs related to the green economy. “Students who are introduced to our programs through Pro Train, LLC can take our online courses at lower costs. We still deliver the content but Pro Train, LLC is in essence our marketing arm, and we are excited about this affiliation.” Says Kerry Mitchell, President of Green Real Estate Education “ProTrain offers the most online Green, Renewable Energy and Sustainability courses.”

COLUMBUS, OH - September 13, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today reduced mortgage interest rates on loans through its First-Time Homebuyer Program to the lowest rates in the Agency's history.

JERSEYVILLE, IL - September 13, 2010 - (RealEstateRama) -- The Illinois Housing Development Authority (IHDA) today celebrated a groundbreaking ceremony for 32 single-family affordable rental homes which will use solar and wind power to reduce energy bills. The development, known as Lexington Farms Subdivision in Jerseyville, will house qualified working families. An estimated 81 jobs will be created.

Jackson, MS - September 13, 2010 - (RealEstateRama) -- EastGroup Properties (NYSE-EGP) announced today that it is scheduled to present at the BMO Capital Markets North American Real Estate Conference. EastGroup's presentation is scheduled for Thursday, September 16, 2010 at 8:15 a.m., CDT. The presentation will be live via web cast and is accessible at www.bmocm.com/conferences/NARealEstate2010/Webcasts/ the day of the conference.

WASHINGTON, DC - September 13, 2010 - (RealEstateRama) -- Independent mortgage bankers and subsidiaries made an average profit of $917 on each loan they originated in the second quarter of 2010, up from $606 per loan in the first quarter of 2010, according to the Mortgage Bankers Association (MBA)’s 2nd Quarter 2010 Mortgage Bankers Performance Report released today

WASHINGTON, D.C. - September 13, 2010 - (RealEstateRama) -- The National Association of Home Builders' Multifamily Market Indices (MMI) show that current and expected demand for rental apartments improved significantly in the second quarter of 2010 compared to the first quarter. The current indexes for Class A, Class B and Class C apartments rose to 59.5, 57.6 and 56.6, respectively, increases of more than 15 points when compared to the first quarter and the highest level since 2007. Builders' expectations for demand in the next six months increased to similar levels.

Tampa, FL - September 13, 2010 - (RealEstateRama) -- Stimulating the economy is the goal for Green Real Estate Education, who has been leading the effort for green education since 2006. They have launched 2 fast track on line courses targeted to create jobs.

Tampa, FL - September 13, 2010 - (RealEstateRama) -- Green Real Estate Education and Green Business League have formed an alliance to offer green education. Green Real Estate Education says it is time to create the proper outlets for the adult population in the country to be able to have new training at affordable prices. Both companies are leaders in their efforts world wide to inform the public on the merits of a green economy. Green Business League has a team of over 300 consultants worldwide that teach and assess business activity offering guidance on how to save energy, how to recycle and implement green cleaning practices in their procedures. "Many business do not know where to start.

Las Vegas, NV - September 13, 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

Meriden, CT - September 13, 2010 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the Women Real Estate Investors Association, or WREIA, is announcing a new meeting on September 22, 2010. This meeting will take place at the Comfort Inn, located at 900 East Main Street, Meriden, CT. The cost of this event is free for WREIA and CTREIA members, and $30 for not-yet-members.

Tampa, Fl - September 13, 2010 - (RealEstateRama) -- Green Real Estate Education, the leader in offering green certification programs to those in the real estate arena has developed additional fast track curriculum of courses that will launch in 150 colleges nationwide.

Tampa, Fl - September 13, 2010 - (RealEstateRama) -- As many in the various professions in the real estate arena will verify, the reality from those in the trenches, is that the market is just not getting better. As someone who has completed 400 successful real estate transactions in a 14 year career in 2 states, I’d say I know more than all of the economists and newscasters put together trying to get a handle on things. I can produce plenty of Realtors, home inspectors and mortgage professionals who can give you a better idea of how to come out of these downward trends. I wouldn’t be so quick to blame these professionals on our current economic woes as most do not realize they are morally guided by their buyers and sellers and cannot make decisions for them.

Temecula, CA - September 13, 2010 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease of a 38,600-square-foot office building located at 43040 Margarita Road in Temecula, Calif. The value of the lease is approximately $6.2 million.

Los Angeles, CA - September 13, 2010 - (RealEstateRama) -- Los Angeles Headquarters Association presents its members event “Opportunities and the Road Ahead.”

TALLAHASSEE, FL - September 13, 2010 - (RealEstateRama) -- Florida CFO Alex Sink today announced the arrest of Aylin Hernandez, 23, of Miami, for fraudulently diverting mail and stealing payments intended for Citizens Property Insurance Corporation. Hernandez was arrested this morning and booked into the Turner Guilford Knight Correctional Center in Miami-Dade County on charges of organized fraud and grand theft. The arrest results from an investigation by CFO Sink’s Division of Insurance Fraud, with assistance by Citizens Property Insurance Corporations’ Special Investigations Unit, and if convicted, she faces up to 45 years behind bars

September 13, 2010 - (RealEstateRama) -- State Housing Trust Fund grant supports Iowa Home Owner Education Project (IHOEP) Des Moines, Iowa – The Iowa Finance Authority (IFA) Board of Directors recently approved a $44,000 grant to the Iowa Home Ownership Education Project (IHOEP) to support homeownership education efforts across the state. The funding is made available through the State Housing Trust Fund’s Project-Based program. The program provides financing for the development of affordable homeownership opportunities.

WASHINGTON, DC - September 13, 2010 - (RealEstateRama) -- Senator Chuck Grassley today said that the U.S. Department of Labor has awarded $437,084 to Iowa Workforce Development through the National Emergency Grant program.

FRANKFORT, KY - September 13, 2010 - (RealEstateRama) -- Gov. Steve Beshear announced today that Kentucky will receive $500,000 to support energy efficiency projects that will lower energy bills for Kentucky families and businesses, boost job growth, and increase investment in companies that deliver energy-saving technologies. The funding comes from grants awarded by the U.S. Department of Energy to 12 states totaling $28.5 million

September 13, 2010 - (RealEstateRama) -- Mayor Thomas M. Menino and residents of Jamaica Plain’s Mount Pleasant Home (MPH) elderly rental housing development today celebrated the progress of building’s $20 million renovation and expansion project with a ceremonial cornerstone laying as part of the housing facility’s 15th Annual Backyard Party, to which the neighborhood was invited. Upon completion, the renovated MPH will serve a mixed-income senior population with 60 single room occupancy units, as well as common area living spaces, and a medical facility staffed by Brigham and Women’s Hospital that will provide services to tenants and the surrounding community.

September 13, 2010 - (RealEstateRama) -- The Montgomery County Department of Housing and Community Affairs (DHCA) and its dedicated community partners will host the 10th Annual Montgomery County Housing Fair and Financial Fitness Day on Saturday, October 2, from 10 a.m. to 3 p.m. at the Bohrer Park Activity Center, Summit Hall Farm (next to Gaithersburg High School), 506 S. Frederick Avenue, Gaithersburg.

Houston, TX - September 13, 2010 - (RealEstateRama) -- Mustang Engineering, LP, has renewed a 248,872 square foot office lease at Ten West Corporate Center II, which is located at 17404 Katy Freeway in Houston’s Energy Corridor. Steve Hesse and Sanford Criner of CB Richard Ellis represented Mustang in this transaction. A private real estate fund is the landlord of the property and was represented by Joel DeSpain of Joel DeSpain Commercial Real Estate Services, LCC

CUPERTINO, SILICON VALLEY, CA - September 13, 2010 - (RealEstateRama) -- Intero Real Estate Services, a leading U.S. real estate brokerage that has expanded its brand globally, as a franchisor, through Intero Franchise Services, Inc. and Intero International Franchise Services, LLC, announced that it now has the capability to search any property within MLSListings on InteroRealEstate.com in 13 languages, expanding home search capabilities to buyers more comfortable using their native language

September 13, 2010 - (RealEstateRama) -- Mr. D’Amanda focuses his practice on commercial real estate, including development and land use, mortgage and asset lending, foreclosures and workouts, and succession planning for family land holdings. Mr. D’Amanda was drawn to the firm because of the depth of Nixon Peabody’s real estate practice firmwide and the reputation of that group in the Rochester community and throughout Upstate New York.