Monthly Archives: February 2011

SOMERVILLE, MA - February 8, 2011 - (RealEstateRama) -- Federal Realty Investment Trust (NYSE: FRT) today announced that the Massachusetts Bay Transportation Authority (MBTA) board voted to approve a memorandum of agreement (MOA) between Federal Realty and the MBTA -- another significant milestone in Massachusetts’ largest development project.

FRANKFORT, KY - February 8, 2011 - (RealEstateRama) -- The Kentucky Asset/Liability Commission (ALCo) will hold a meeting on Wednesday, Feb. 9, 2011 at 3 p.m. in Room 182 of the Capitol Annex, Frankfort, Ky. Immediately following adjournment of the ALCo meeting at approximately 3:15 p.m., the State Property and Buildings Commission (SPBC) will convene in Room 182 of the Capitol Annex, Frankfort, Ky. Following are agendas for both meetings

Kansas City, MO - February 8, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) has announced the award of more than $24 million in funding for Missouri’s 111 programs that combat homelessness. Agencies throughout the state will use this money to fund their existing housing and supportive service programs for individuals and families moving from homelessness to independence. (HUD funding for new projects will be announced later in the year.)

Jackson, MS - February 8, 2011 - (RealEstateRama) -- As the temperature falls to sub-freezing levels in Mississippi, the risk of someone dying in a fire increases significantly. Careless or improper uses of heating sources continue to be the second leading cause of fire deaths in the state. Ten of the eighty-one fire deaths in 2010 were attributed to heating sources. Commissioner of Insurance and State Fire Marshal Mike Chaney cautions all Mississippians that heating safety should become a high priority in all homes

Chicago, IL - February 8, 2011 - (RealEstateRama) -- Mayor Richard M. Daley today joined Ald. Danny Solis (25th) and members of the Pilsen community to celebrate the grand opening of the Casa Maravilla affordable senior housing facility and satellite center located at 2021 S. Morgan St

EUGENE, OR - February 8, 2011 - (RealEstateRama) -- The custom IDX solution Scott Bird now hosts on his Brian Head, Utah real estate website has forever simplified the online real estate search process for area home seekers, agents and brokers alike. W...

February 8, 2011 - (RealEstateRama) -- On Sunday, February 6, 2011, at approximately 4:45 a.m., Long Beach police officers responded to the area of Myrtle Avenue and Hill Street regarding a call of a man with a gun inside a residence. The caller, a 16-year-old female resident of the home, said her father, who was inside the residence armed with a gun, had shot her and her mother. As the caller pleaded for help, the 9-1-1 operator could hear what sounded like gunshots in the background

New York, NY - February 8, 2011 - (RealEstateRama) -- Negotiations for a new, multi-year contract began today between the Bronx Realty Advisory Board (BRAB), a real estate industry association representing most Bronx building owners, independent building owners and managers outside of the BRAB and 32BJ SEIU, the largest private sector union in New York. The contracts, which expire Tuesday, March 15th, cover more than 3,000 building superintendents, janitors, handypersons, porters, firepersons, doormen, elevator operators and garbage handlers working at more than 1,000 apartment buildings throughout the Bronx

EUGENE, OR - February 8, 2011 - (RealEstateRama) -- IDX, Inc. announces today the latest addition to the growing network of real estate agents and brokers updating their websites with IDX Broker software: Mike Skillin. A talented and dedicated Realtor, Skillin has enlisted a customizable IDX solution to sync his website with the Greater Greenville MLS (GGMLS), allowing him to display thousands of Greenville, South Carolina properties conveniently and seamlessly on his website. The dynamic IDX solution he now employs gives Skillin and his clients more access than ever before to the immensel GGMLS database of property listings.

FALLS CHURCH, VA. - February 8, 2011 - (RealEstateRama) -- Noblis, in collaboration with CTG Energetics and the U.S. Green Building Council (USGBC), is pleased to announce the release of the U.S. General Services Administration’s (GSA’s) Sustainable Facilities Tool

West Hartford, CT - February 8, 2011 - (RealEstateRama) -- CT REIA and Robyn Thompson presents: Buy, Renovate, and Sell Single and Multi-Family Homes For Huge Profits February 21 - 5:30 to 9:00 PM Crowne Plaza Hotel. 100 Berlin Road. Cromwell, CT FREE for CTREIA and AOACT members | $30 for guests

ATLANTA, GA - February 8, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., announced today the appointment of Greg Janicki to the position of southeast regional manager. Janicki will be reporting to Rick Floyd, REMN’s managing director of retail sales and will oversee a team of more than 100 people across REMN’s Georgia and Florida branches

FREEHOLD, N.J. - February 8, 2011 - (RealEstateRama) -- Lennar, one of the nation’s largest and most respected home builders, invites active-adult buyers to fall in love with the home of their dreams during a special Valentine’s Day event to be held at all three Greenbriar residential communities in New Jersey on Saturday and Sunday, February 19th and 20th.

West Hartford, CT - February 7, 2011 - (RealEstateRama) Women Real Estate Investors Association Meeting & Dinner February 23, 2011 - 6:00 to 9:00 PM Violi's Restaurant. 688 Westfield Road. Meriden, CT

San Diego, CA - February 7, 2011 - (RealEstateRama) -- Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 – an increase of 36 percent from 2009, according to preliminary estimates based on the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

San Diego, CA - February 7, 2011 - (RealEstateRama) -- Of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors, only 11 percent of the total ($155 billion) will mature in 2011, and 9 percent ($125 billion) in 2012 according to today’s release of the Mortgage Bankers Association’s (MBA) 2010 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. The survey found that maturities vary considerably by the type of investor holding the loan

Chicago, IL - February 7, 2011 - (RealEstateRama) -- The John D. and Catherine T. MacArthur Foundation today announced nine grants totaling $5.6 million for research to explore the role housing plays in the long-term health and well-being of children, families, and communities. Recipients will mine and connect existing data sets, such as the U.S. Census and school statistics, in new ways to reveal insights into the effectiveness of housing policies and related public programs

DENVER, CO - February 7, 2011 - (RealEstateRama) -- Dena Pastorini, a leading real estate professional, has joined Kentwood City Properties in downtown Denver as a Broker Associate. Pastorini brings a wealth of sales and marketing experience to Ken...

San Mateo, CA - February 7, 2011 - (RealEstateRama) -- The state of the local housing market is a highly scrutinized subject matter as the housing market is a barometer of the financial health of San Mateo County. To bring answers, clarity and a bit of a crystal ball to see what is in store for the housing market in 2011, the San Mateo County Association of REALTORS® is hosting California Association of REALTORS® Chief Economist, Leslie Appleton-Young, along with Mike Simonsen, CEO, Altos Research to provide a housing forecast at the “Future of the Housing Market and Real Estate Technology” conference on Thursday, February 17th at the San Mateo Elks Lodge from 9:30 am-4:00 pm

February 7, 2011 - (RealEstateRama) -- A real estate executive pleaded guilty today in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California, Christine Varney, Assistant Attorney General of the Department of Justice's Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced

San Diego, CA - February 7, 2011 - (RealEstateRama) -- River Colony Association Selects MERIT for Property Management Services MERIT will provide property management services for the 300-unit mid-rise condominium community in the Mission Valley area of San Diego, CA

New York, N.Y. - February 7, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District, has started its final phase of sales with only five units remaining

New York, NY - February 7, 2011 - (RealEstateRama) -- Mesa West Capital has provided the new owners of 5 Hanover Square in Lower Manhattan with $47 million in first mortgage financing secured by the 25-story, 333,000 square-foot office building, according to Mesa West Principal Raphael Fishbach who originated the financing

MISSION VIEJO, CA - February 7, 2011 - (RealEstateRama) -- Hammerhouse LLC, an expanding national recruiting and strategic growth firm for the financial service industry with mortgage sales and leadership placement at its core, announced today the hiring of Grant Lupo as Strategic Growth Partner. Mr. Lupo, an experienced mortgage professional with years of experience in servicing, hiring and training mortgage production professionals, is being hired to help manage Hammerhouse’s client growth and expand the Company’s national mortgage recruiting market share. Mr. Lupo will report directly to Drew Waterhouse, Managing Director of Hammerhouse and be based in Mission Viejo,

Cleveland, OH - February 7, 2011 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online lender and a top-five retail mortgage lender, paid off a client’s mortgage today as part of its “Thanks a Million” contest. Daniel Carbo of Colchester, Connecticut, received the great news during a center court presentation at this evening’s Cleveland Cavaliers basketball game at Quicken Loans Arena. Two other contenders for the grand prize, Ryan and Tonya Rasnake from Cedar Bluff, Virginia, and Richard and Valerie Purvis from East Haven, Connecticut, each received $5,000 as runners-up in the sweepstakes at tonight’s game.

WASHINGTON, D.C. - February 7, 2011 - (RealEstateRama) -- On Friday, February 4, 2011, the Mortgage Bankers Association, (MBA) submitted the attached comment letter to the Financial Crimes Enforcement Network (FinCEN) in response to FinCEN’s proposal to expand its anti-money laundering programs to help reduce mortgage fraud against lenders through a Suspicious Activity Report (SAR) reporting requirement (Notice of Proposed Rulemaking 1506-AB02).

MIAMI, FL - February 7, 2011 - (RealEstateRama) -- ST Residential, a world-class asset management company with a $4.5 billion real estate portfolio nationwide, launched its South Florida portfolio at an exclusive event sponsored by Ocean Drive Magazine. The event was held at one of their luxury properties, Mint at Riverfront

Destin, FL - February 7, 2011 - (RealEstateRama) -- Despite the financial hardship it would trigger, Americans are divided on whether the U.S. government should take action to halt the foreclosure crisis. The stunning result was delivered in a new opinion poll taken by Housing Predictor.

San Diego, CA - February 7, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers as of the end of December 31, 2010. On top of the list of firms is Wells Fargo with $451.1 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.4 billion, Berkadia Commercial Mortgage with $194.9 billion, Bank of America Merrill Lynch with $126.6 billion, and KeyBank Real Estate Capital with $118.9 billion

East Bay, CA - February 7, 2011 - (RealEstateRama) -- Green City Lofts Owners Association Selects MERIT for Property Management Services MERIT will provide property management services for the 64-unit mid-rise community in Emeryville, CA