Monthly Archives: January 2011

WASHINGTON, D.C - January 31, 2011 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced New Jersey will receive $22,373,892 in federal grant funding from the U.S. Department of Housing and Urban Development (HUD) to assist homeless men and women in New Jersey access housing opportunities. The funds were awarded through various HUD Continuum of Care Homeless Assistance competitive programs.

New York, NY - January 31, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG), New York City's largest owner of commercial office properties, and The Moinian Group, headed by national developer Joseph Moinian, today announced they have completed the recapitalization of 3 Columbus Circle - a Midtown Manhattan office tower currently in the final stage of a comprehensive building wide redevelopment

Washington, DC - January 31, 2011 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) is pleased to announce the commencement of the federal registration of mortgage loan originators with the Nationwide Mortgage Licensing System and Registry (NMLS or the System) in accordance with the Final Rules published by the federal banking agencies and the Farm Credit Administration.

WAVELAND, MS - January 31, 2011 - (RealEstateRama) -- More than five years after Hurricane Katrina destroyed all of Hancock County’s public housing, seniors in Waveland now have an affordable place to call home thanks to Oak Haven Apartments, which features 80 affordable, cottage-style apartment homes. Gov. Haley Barbour today joined the Bay Waveland Housing Authority, Centerpointe Regional Housing Development, Enterprise Community Partners, Inc. (Enterprise), American Express Center for Community Development, and other local housing partners for a grand opening celebration with senior residents

Fort Mill, S.C. - January 31, 2011 - (RealEstateRama) -- Lennar Homes has committed to purchasing 40 homesites in Springfield from Crescent Resources, LLC, prompting Crescent to start development of a new section within the community. Lennar Homes has developed a new collection of home plans specifically designed to complement Springfield and will open a model home/design center in late-summer.

NEW YORK, January 31, 2010 — Jones Lang LaSalle has completed a new direct lease for building owner 650 Fifth Avenue Co. with Cortview Capital Securities Inc. at 650 Fifth Avenue. The broker-dealer signed a five-year lease for 10,793 square feet at the Class A, 395,000-square-foot office building.

Lake City, TN - January 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 4,608-square-foot retail building located at 117 Colonia Lane in Lake City, Tenn. to Oak Park, Calif.-based Calvert Family Trust, a private investor. The transaction is valued at $1,175,000

Westlake Village, CA - January 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of an industrial building located at 3580 Willow Lane, Westlake Village, Calif. to Johnston Plumbing, a plumbing equipment company based in Ventura, Calif. The transaction is valued at $2.383 million.

Placentia, CA - January 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 29,681-square-foot three-story office building located at 774 Placentia Ave., Placentia, Calif. to Interface Rehab, Inc. The transaction is valued at $2,575 million

Los Angeles, CA - January 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has negotiated four industrial leases totaling 217,929 square feet. The total combined value of the leases is approximately $8.5 million. Colliers represented the tenant, Thibiant International, a Chatsworth-based cosmetics company in the transactions. The leases represent renewals for three of Thibiant’s current facilities and an expansion into a 62,400 square-foot warehouse.

WASHINGTON, DC - January 31, 2011 - (RealEstateRama) -- U.S. Senator Benjamin L. Cardin (D-MD) (D-MD) today joined U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan, Congressman Elijah Cummings (MD-7) andBaltimore Mayor Stephanie Rawlings-Blake visited Poppleton Phase II Apartments to highlight how the development is promoting energy efficient innovation and creating jobs in Baltimore, MD, supporting President Barack Obama’s goal of helping America “Win the Future.”

ANNAPOLIS, MD - January 31, 2011 - (RealEstateRama) -- Governor Martin O’Malley issued this statement today following an announcement by U.S. Housing and Urban Development Secretary Shaun Donovan awarding more than $44 million to 208 local homeless assistance programs in Maryland through HUD’s Continuum of Care program:

FRANKFORT, KY - January 31, 2011 - (RealEstateRama) -- Governor Steve Beshear today announced an additional $2.8 million in federal appropriations to be allocated to the Low Income Home Energy Assistance Program (LIHEAP)

SPRINGFIELD, IL - January 31, 2011 - (RealEstateRama) -- Lynn Madison of Lake Zurich was named the 2011 Illinois REALTOR® of the Year. Madison is a real estate broker and is owner of Lynn Madison Seminars, Inc. A REALTOR® of the Year banquet will be held honoring Madison on April 6th at the Hilton Hotel in Springfield.

Tampa, FL - January 31, 2011 - (RealEstateRama) -- Timothy Reinhold, PhD, senior vice president of research and chief engineer for the Institute for Business and Home Safety (IBHS) has been named an Engineering News-Records’ Top 25 Newsmaker for 2010. According to the Engineering News-Record (ENR), top newsmakers are chosen for their innovations and achievements, for giving back to the industry and the public, and for going beyond the duties of their day-to-day jobs. The winners will be honored at a gala in New York City on April 7.

EUGENE, OR - January 31, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to welcome Cecilia Ramirez and Realty Group USA to the growing network of agents and brokers adopting an IDX solution for their real estate website. With the dynamic Internet Data Exchange (IDX) technology, the website of Ramirez hosts thousands of Mid-Florida Regional MLS (MFRMLS) listings, giving home seekers a thorough and concise database of homes to search through. The IDX Broker software Ramirez now hosts has forever changed the way Orlando, Florida potential buyers search for home online.

McLean, VA - January 31, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released the results of its fourth quarter 2010 cash-out refinance analysis.

Washington, DC - January 31, 2011 - (RealEstateRama) -- The federal bank, thrift and credit union regulatory agencies, along with the Farm Credit Administration, announce that the Nationwide Mortgage Licensing System and Registry will begin accepting federal registrations today. Under the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) and the agencies' final rules, residential mortgage loan originators employed by banks, savings associations, credit unions, or Farm Credit System institutions must register with the registry, obtain a unique identifier from the registry, and maintain their registrations.

WASHINGTON, DC - January 31, 2011 - (RealEstateRama) -- The U.S. Department of Labor today announced a $707,096 National Emergency Grant increment to continue to provide services to about 600 workers affected by the closure of the Taylor, Bean and Whitaker Mortgage Corp. and its subsidiary companies

WATERBURY, CT - January 31, 2011 - (RealEstateRama) -- Real Estate Mortgage Network (REMN), a national mortgage lender based in River Edge, N.J., is pleased to announce the addition of Marion Szarzynski to its growing team as a mortgage loan originator in Connecticut. While Szarzynski will be a part of REMN’s Derby office, she’ll be working remotely from a satellite office in Naugatuck to better handle the needs of new and existing home owners, real estate professionals and residential builders in the Waterbury area.

WASHINGTON, DC - January 31, 2011 - (RealEstateRama) -- In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.

WASHINGTON, DC - January 31, 2011 - (RealEstateRama) -- Yesterday, Thursday, January 27, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan, U.S. Department of Veterans Affairs Deputy Secretary Scott Gould, and U.S. Interagency Council on Homelessness Director Barbara Poppe joined volunteers around the nation as they participated in a national count of homeless persons and families as part of HUD’s national Let’s Make Everybody Count! campaign.WASHINGTON, DC - January 31, 2011 - (RealEstateRama) -- Yesterday, Thursday, January 27, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan, U.S. Department of Veterans Affairs Deputy Secretary Scott Gould, and U.S. Interagency Council on Homelessness Director Barbara Poppe joined volunteers around the nation as they participated in a national count of homeless persons and families as part of HUD’s national Let’s Make Everybody Count! campaign.

TOPEKA, KS - January 31, 2011 - (RealEstateRama) -- Kansas Development Finance Agency (KDFA) President Tim Shallenburger has named Garden City native Dennis L. Mesa as Executive Director of Kansas Housing Resources Corporation (KHRC). KHRC, a subsidiary corporation of KDFA, is a self-supporting, public corporation which serves as the primary administrator of federal housing programs on behalf of the State of Kansas.

Needham, MA - January 31, 2011 - (RealEstateRama) -- Real estate blog designer HubConnected LLC is proud to announce that the team of Debbie Spencer and Sheen Santos, Real Estate Agents with Higgins Group Realtors., have launched a brand new hyper-local real estate blog http://www.liveinbedfordma.com. The blog is dedicated to life in the Massachusetts town of Bedford, MA. In addition to discussing the real estate market, the blog will feature wide-ranging articles about the towns, events occurring in Massachusetts, family activities, and tips on local shopping, restaurants, schools and neighborhoods.

Fort Lauderdale, FL - January 31, 2011 - (RealEstateRama) -- Low rents, free months, flexible terms, every broker and landlord has them these days. But one Broward landlord is thinking out of the box to attract tenants to his office/warehouse buildings in Fort Lauderdale.

DERBY, CT - January 31, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., announced today the opening of its first Connecticut branch in the town of Derby and the addition of Lou Gaetano as the office’s branch manager.

Concord, MA - January 31, 2011 - (RealEstateRama) -- Laurie Cadigan, broker/owner of Barrett & Company in Concord, MA was installed on November 30, 2010 as president of the 19,000-member Massachusetts Association of Realtors (MAR) for 2011

NEW YORK, NY - January 31, 2011 - (RealEstateRama) -- Paula Del Nunzio, Senior Vice President, Managing Director of Brown Harris Stevens, represented the seller of the Duke-Semans Mansion at 1009 Fifth Avenue, which sold for $44 million in 2010, the highest residential townhouse sale of 2010, and a 10 percent increase over the $40 million the owners paid in 2006.

EUGENE, OR - January 31, 2011 - (RealEstateRama) -- iPhone-enabled property searches are now possible on the website of agent Mike Kelly, thanks to IDX, Inc. and the amazing and innovative IDX Broker software. Kelly can now display thousands of California Real Estate Technology Services (CARETS) listings on his website, which is now synced with an application to make searching for homes on-the-go monumentally easier. The IDX solution Kelly now employs has forever revolutionized the online property search for home seekers and real estate professionals alike.

WASHINGTON, D.C. - January 31, 2011 - (RealEstateRama) -- Eliminating the deductions for mortgage interest and real estate taxes would raise taxes disproportionately for middle-class households and make the tax system less progressive, according to a new study from the National Association of Home Builders (NAHB).The study also concludes that the benefits of these deductions are collected primarily by middle-class taxpayers, with incomes between $50,000 and $200,000, and that greater benefits are earned by larger households and families, such as those with children