Monthly Archives: February 2011

Romeo Home Builder Gets Jail Time in Mortgage Fraud Scheme

February 23, 2011 - (RealEstateRama) -- Giuseppe Cracchiolo, 60, of Romeo, Michigan, was sentenced for his role in a mortgage fraud scheme to six months’ imprisonment, followed by three years’ supervised release, United States Attorney Barbara L. McQuade announced today.

Optimal Buyer Market Conditions Linger in the Illinois Housing Market January Sales Up or...

SPRINGFIELD, IL - February 23, 2011 - (RealEstateRama) -- Buyer market conditions remain in most Illinois housing markets as low mortgage interest rates helped spur some early buying in January despite typical slower sales for the winter month. More than half of Illinois counties reported year-over-year increases or no change in home sales for January

DEVELOPERS LEASE 82% OF THE LUXURY RENTAL RESIDENCES IN FIRST SEVEN MONTHS AT JERSEY...

JERSEY CITY, NJ - February 23, 2011 - (RealEstateRama) -- The developers of 225 Grand, the premium rental building in downtown Jersey City overlooking the Manhattan skyline and Statue of Liberty, announced today that an impressive 82% of the building’s 348 luxury residences have been leased in the first seven months of availability.

Rep. Brett Harrell Announces Taxation Legislation

ATLANTA, GA - February 23, 2011 - (RealEstateRama) -- State Representative Brett Harrell (R-Snellville) today announced the introduction of House Bill 291, legislation prohibiting nontax fees from appearing on property tax bills.

California pending home sales rise in January

LOS ANGELES, CA - February 23, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today debuted its Pending Home Sales Index and released key distressed property data

Individual State Reports for Commercial Real Estate Development and Construction’s Significant Impact on the...

Washington, D.C. - February 23, 2011 - (RealEstateRama) -- The NAIOP Research Foundation has made individual state reports available that detail the state's data for commercial construction spending, employment and personal earnings in a 2009 vs. 2007 comparison.

Fred Pulve of Coldwell Banker Residential Brokerage Receives Realtor Emeritus Award

Fountain Hills, AZ - February 23, 2011 - (RealEstateRama) -- Coldwell Banker Residential Brokerage in Arizona is pleased to announce that Frederick “Fred” Pulve has been honored with an Emeritus Award by the National Association of REALTORS® for his 40 years of continuous dedication in the world of real estate. An experienced veteran, Pulve takes a great deal of pride in being an office broker of such a professional organization.

Lee & Associates-Investment Services Group Transacts 3-Building Multifamily Sale

LOS ANGELES, CA - February 23, 2011 - (RealEstateRama) -- Lee & Associates-Investment Services Group Principals Robert Leveen and Matthew Sullivan successfully transacted the sale of a portfolio of three bank-owned multifamily buildings after attracting 10 qualified buyers. The properties, at 4122, 4130 and 4136 Palmwood Drive in the Bald win Village section of Los Angeles sold for $1,725,000 or $73.99 per square foot.

Two Lee & Associates Offices Team Up for $8.5 Million Industrial Deal

Torrance, CA - February 23, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, represented both the buyer and the seller in the $8.5 million sale of a 189,990-square foot industrial property at 13780 Central Ave., in Chino, Calif.

Jones Lang LaSalle Promotes Frank Doyle to Vice Chairman

NEW YORK, NY - February 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Frank Doyle has been promoted to vice chairman of its New York brokerage operation.

Jones Lang LaSalle Markets Iconic Park Avenue Apartment Building in New York

NEW YORK, NY - February 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced its New York Capital Markets team has been chosen to market an iconic luxury rental building known as 737 Park Avenue for sale in New York City. This 20-story, pre-war multifamily building is located at the crest of Lenox Hill, just two blocks from Central Park in Manhattan. The property, owned by Katz 737 Corporation, has been in the same family for 65 years.

BRONX APARTMENT BUILDING WORKERS TO HOLD STRIKE VOTE

New York, NY - February 23, 2011 - (RealEstateRama) -- Apartment building workers in the Bronx will vote today to authorize their bargaining committee to call a strike if one becomes necessary. Failure to reach a new contract by March 15 could trigger a strike of more than 3,000 apartment building workers at over 1,000 residential buildings throughout the borough.

GARY HUNT JOINS BOARD OF DIRECTORS FOR CT REALTY INVESTORS

ALISO VIEJO, CA - February 23, 2011 - (RealEstateRama) -- CT Realty Investors announced that Gary H. Hunt, one of Orange County’s most respected real estate professionals, has joined its board of directors.

MBA and First American Financial Corporation Partner with the Dallas Area Habitat for Humanity...

Dallas, TX - February 23, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) and First American Financial Corporation (First American) today partnered with the Dallas (Texas) Area Habitat for Humanity for a Habitat for Humanity homebuilding project in the Cedar Creek Ranch community in Dallas.

Karen O. Gould Joins Turner as Senior Vice President and Chief Financial Officer

February 23, 2011 - (RealEstateRama) -- Turner Construction Company announced Karen Gould, 46, has joined the company as Senior Vice President and Chief Financial Officer. As the leader of Turner’s finance organization; Karen is responsible for building upon the finance teams’ strengths and keeping them consistent with the company’s focus and commitment towards people and customer service. In addition, Karen is responsible for maintaining the company’s strong balance sheet and providing strategic evaluations of growth opportunities and creating value for stakeholders

IDX solution enables iPhone property search on Idaho resort community website of Jim and...

EUGENE, OR - February 23, 2011 - (RealEstateRama) -- Real estate professionals Jim and Cory Corbet have adopted the premier IDX software from IDX Broker, to increase the functionality of their McCall, Idaho online real estate search page. The Corbets now host a dynamic property search online, thanks to their membership in the Idaho Mountain Central MLS (IMCMLS) and their integration of an IDX solution, allowing them to display thousands of current available properties conveniently on the search page they host. Finding a home in and around McCall has never been so easy!

Mortgage Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - February 23, 2011 - (RealEstateRama) -- Mortgage applications increased 13.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 18, 2011

IDX Broker seamlessly integrates current Lake of the Ozarks listings with online search page...

EUGENE, OR - February 23, 2011 - (RealEstateRama) -- Today, IDX, Inc. is pleased to announce Martin Gum is the latest real estate professional to adopt a customizable IDX solution for his website. Lake of the Ozarks (LOBR) MLS listing data is extracted by IDX Broker software and displayed with ease on the website Gum represents. He can now give his clients a comprehensive online property search experience, making it easier than ever for home seekers to find Lake of the Ozarks, Missouri homes online

Tenant Advocates Petition Federal Housing Administration to Stop Misleading Residents About Their Rights Under...

WASHINGTON, D.C. - February 23, 2011 - (RealEstateRama) -- The National Housing Law Project, the National Low Income Housing Coalition, the National Law Center on Homelessness and Poverty and the Housing Justice Network have petitioned the Federal Housing Administration (FHA) to stop forcing lenders to give misleading and deceptive information to tenants in foreclosed homes – information that leads tenants to forego rights guaranteed to them by the federal Protecting Tenants at Foreclosure Act (PTFA)

Virginia buyers experience remarkable online real estate search through IDX, Inc. and website of...

EUGENE, OR - February 23, 2011 - (RealEstateRama) -- IDX, Inc. has enabled an IDX solution on the professional website of Wayne Hare, syncing thousands of detailed Central Virginia Regional MLS (CVRMLS) listings instantly with the search page Hare hosts. Henrico, Virginia potential buyers can access a comprehensive database of up-to-the-minute property listings with the online solution IDX Broker supports on Hare's website. Investors Realty of Virginia and Hare now host one of the most helpful online real estate websites available online.

Desiderio Presents at Annual Pennsylvania Housing Conference

Upper Marlboro, MD - February 23, 2011 - (RealEstateRama) -- Tomorrow, Michelle Desiderio, director of green building programs for the NAHB Research Center, will present a program on "Marketing Green Building to Customers" at this year’s Pennsylvania Housing & Land Development Conference at Penn State University. Desiderio will also conduct a roundtable discussion on the National Green Building Standard and the NAHB Research Center's national certification program based on the Standard

Existing-Home Sales Rise Again in January

Washington, DC - February 23, 2011 - (RealEstateRama) -- The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS

New Model Unveiled At Fast-selling Crystal Point On Jersey City’s Hudson River Waterfront

Jersey City, NJ - February 23, 2011 - (RealEstateRama) -- Crystal Point, the fast-selling 42-story condominium building being developed by Fisher Development Associates directly on Jersey City's Hudson River waterfront, has unveiled another spectacular decorated model home.

Hire A contractor To Renovate Your Home

February 23, 2011 - (RealEstateRama) -- A home is a vital component for many families and single individuals alike. A home consists of many different components and regions, all of which must be put together immaculately and in perfect order to make your home as comfortable as it can be. Hire-a-contractor-now.com is a website which is capable of advising and selling products with which one can complete home repairs and improvements.

Lee & Associates Completes Build-to-Suit Industrial Lease on Behalf of Bystronic, Inc.

Torrance, CA - February 22, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease for a 48,300-square-foot build-to-suit industrial building located within the Fox River Business Center on Airport Road in Elgin. The value of the transaction is undisclosed.

Maryland Development Becomes 2,000th NAHB Research Center Green Certified Project

Upper Marlboro, MD - February 22, 2011 - (RealEstateRama) -- Murphy’s Run, a 42-site residential development in Cecil County, Md., is the 2,000th project nationwide to be certified by the NAHB Research Center to the exacting resource conservation requirements of the National Green Building Standard. It is the 12th green development certified by the Research Center in its National Green Building Certification Program. In total, this milestone certification now represents more than 3,200 individual residential units and developments for the national program

Betenbough Homes Commits to Build 400 NAHB Research Center Green Certified Homes in 2011

Upper Marlboro, MD - February 22, 2011 - (RealEstateRama) -- Betenbough Homes, based in Lubbock, Texas, recently announced that it will have all its homes Green Certified by the NAHB Research Center to the National Green Building Standard™ this year. These Green Certified homes will be offered to buyers at no additional cost

MAYOR BLOOMBERG, DEPUTY MAYOR GOLDSMITH AND BUILDINGS COMMISSIONER LIMANDRI ANNOUNCE USE OF QUICK RESPONSE...

February 22, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Operations Stephen Goldsmith and Buildings Commissioner Robert LiMandri today announced the use of Quick Response (QR) codes on all Department of Buildings permits, providing New Yorkers with instant access to information related to buildings and construction sites throughout New York City. Similar to how a barcode provides information through a scanner, QR codes provide smartphone users with immediate access to data by scanning the displayed code with their device.

Colliers International Completes $2.5 Million Multifamily Sale in Huntington Beach, Calif.

Huntington Beach, CA - February 22, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 10 Condos sold in bulk, located at 7935 Bay St. in Downtown Huntington Beach, Calif., to Symphony Real Estate Fund, an investor in broken condominium conversions. The transaction was valued at $2,550,000.

HOUSING AGENCY RECOGNIZES BOND COUNSEL

BISMARCK, ND - February 22, 2011 - (RealEstateRama) -- The Industrial Commission of North Dakota and the North Dakota Housing Finance Agency (NDHFA) honored former bond counsel Maurice “Maury” E. Cook at the 20th Annual Statewide Housing Conference. Cook was recognized for his visionary leadership in the creation of the Housing Finance Agency and for his dedicated service to the state of North Dakota.

Popular

Recent

Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families