Monthly Archives: March 2011

Los Angeles, CA - March 28, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) announced today that 414 million square feet of properties it manages for clients participated in WWWF’s Earth Hour 2011. In addition, CBRE influenced an estimated 1.6 million of those properties’ occupants to participate in the event. CBRE joined a diverse roster of leading businesses in supporting this global initiative.

NEW YORK, NY - March 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced today that it has hired Wall Street veteran Kellogg Gaines to the firm’s Americas Capital Markets business as part of firm’s overall expansion of its dedicated Real Estate Investment Banking expertise. Gaines joins as a Managing Director in the New York office where he will work with Co-Heads and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody to lead the firm’s debt and equity sourcing and loan origination business in the New York region.

DALLAS, TX - March 28, 2011 - (RealEstateRama) -- MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has successfully completed full lifecycle eNote certification through Xerox Mortgage Services' BlitzDocs® eVault.

WASHINGTON, DC - March 28, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to Mercy Hospital and Medical Center in Chicago, Illinois. The $66 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program.

Washington, DC - March 28, 2011 - (RealEstateRama) --Pending home sales increased in February but with notable regional variations, according to the National Association of Realtors®.

WASHINGTON, DC - March 25, 2011 - (RealEstateRama) -- U.S. Senator Jeff Bingaman reported today that seven New Mexico housing agencies have been awarded a total of $524,949 in grant funding though the U.S. Department of Housing and Urban Development...

ROCKINGHAM, NC - March 25, 2011 - (RealEstateRama) -- Today, Congressman Larry Kissell (NC-08) announced that the Laurinburg Housing Authority has been awarded a grant in the amount of $47,564, through the Department of Housing and Urban Development’s Housing Choice Voucher Family Self Sufficiency Program.

WASHINGTON, DC - March 25, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to Mercy Hospital and Medical Center in Chicago, Illinois. The $66 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program.

ELLICOTT CITY, MD - March 25, 2011 - (RealEstateRama) -- Howard County Housing will host the “Come Home to Howard County” Housing Fair on Saturday, April 9 from 10 a.m. to 2 p.m. at Long Reach High School, 6101 Old Dobbin Lane in Columbia. The event is free and open to the public.

New York, NY - March 25, 2011 - (RealEstateRama) -- Bronx apartment building workers late Thursday ratified a four-year agreement that provides a 6% wage increase over the life of the contract, fully employer-paid family health care coverage, pensions and protects all other benefits.

NEW YORK, NY - March 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced Eric Herlands, Jason Gold, Joseph Sitt and Stephen Shapiro have joined the firm in the last several months as part of the firm’s New York City Capital Markets business as its investment sales team expands. The foursome is working under the direction of Vice Chairmen Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham. Eric Herlands joins the firm as a Senior Vice President, while Jason Gold, Joseph Sitt and Stephen Shapiro each take on the role of Vice President.

MONROE and CRANBURY, N.J. - March 25, 2011 - (RealEstateRama) -- A six-building, 1,026,634-square-foot industrial portfolio in the New Jersey Turnpike Exit 8A submarket has been sold, announced Cushman & Wakefield Inc.'s Metropolitan Area Capital Markets Group, East Rutherford, N.J. The Capital Markets Group team of Andrew Merin, David Bernhaut, and Gary Gabriel, along with industrial sales and leasing specialists Frank Caccavo and Jason Goldman, who are based at the firm’s Edison, N.J., office represented the seller, BlackRock, and procured the buyer, Morgan Stanley’s Prime Property Fund.

MONROE and CRANBURY, N.J. - March 25, 2011 - (RealEstateRama) -- A six-building, 1,026,634-square-foot industrial portfolio in the New Jersey Turnpike Exit 8A submarket has been sold, announced Cushman & Wakefield Inc.'s Metropolitan Area Capital Markets Group, East Rutherford, N.J. The Capital Markets Group team of Andrew Merin, David Bernhaut, and Gary Gabriel, along with industrial sales and leasing specialists Frank Caccavo and Jason Goldman, who are based at the firm’s Edison, N.J., office represented the seller, BlackRock, and procured the buyer, Morgan Stanley’s Prime Property Fund.

Tucson, AZ - March 25, 2011 - (RealEstateRama) -- Rep. Raúl M. Grijalva today congratuled the City of Tucson and the Housing Authority of the City of Yuma on receiving $138,000 and $249,500 grants, respectively, from the federal Department of Housing and Urban Development (HUD). The funding comes through HUD’s Housing Choice Voucher – Family Self Sufficiency (FSS) program.

March 25, 2011 - (RealEstateRama) -- A Fulton County Grand Jury returned multiple Residential Mortgage Fraud indictments against ten individuals for their roles in perpetuating mortgage fraud in south Atlanta.

EUGENE, OR - March 25, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Sylvia Jennings and RE/MAX Peak Dream Properties to the growing network of real estate agents and brokers who have chosen to revolutionize their professional websites with the innovat...

March 25, 2011 - (RealEstateRama) -- Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Default Servicing Technology and Document Services for the financial services industry, today announced its Cloud-based, Symphony Loan Origination System (LOS), an affordable, on-demand origination solution for lenders of any size. The product fills a current gap within the marketplace by making available enterprise-level power in a pre-configured solution that locks down compliant processes and any lender can implement and put into production in just a few weeks

EUGENE, OR - March 25, 2011 - (RealEstateRama) -- Finding a home online just became monumentally easier for Hilton Head, South Carolina home seekers, thanks to the recent partnership between IDX, Inc. and Broker Philip A. Schembra. As a dedicated and seasoned real estate broker, Schembra has once again proven his professionalism and famous client service by enabling IDX Broker on his website. Hilton Head MLS (HHMLS) listings are now seamlessly displayed on Schembra's website through his custom IDX solution, which extracts raw listings data directly from the HHMLS.

Portland, OR - March 25, 2011 - (RealEstateRama) -- After several stops throughout the country this month, the Home Ownership Matters Bus Tour will stop in Portland on Saturday, March 26, outside the Portland Better Living Home Garden & Lifestyle Show. Hosted by the National Association of REALTORS®, the bus tour will give consumers the chance to speak with NAR leaders and local officials about how shifting priorities and public policies in Washington could affect home ownership in Portland

Fairfield, NJ - March 25, 2011 - (RealEstateRama) -- What is the main reason home buyers visit real estate websites? To search for listings! RE/Advantage has successfully worked with many agents, offices and boards/MLSs to create a user friendly listings search. With this IDX solution real estate professionals can display thousands of listings from their website and maintain their branding on every listing!

Kaneohe, HI - March 25, 2011 - (RealEstateRama) -- Prior to February 10, 2011, Internet users could use Google Maps to search for houses or condominiums for sale. Convenient sidebars allowed the user to quickly refine their search criteria. Google Maps appealed to many people who liked to research real estate geographically and graphically.

Nashville, TN - March 25, 2011 - (RealEstateRama) -- Morris Property Management, an Associa company, is pleased to announce the addition of eight new associations to its diverse client portfolio.

ALLAMUCHY, N.J. - March 25, 2011 - (RealEstateRama) -- The newest decorated townhome at Mountain Ridge at Panther Valley is receiving rave reviews, prompting developer Baker Residential to showcase the residence with a special day highlighting the three-bedroom Pine design.

New York, NY - March 24, 2011 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano today submitted a revised financial plan for Fiscal Year 2011 that protect homeowners and employers from a 21.5% property tax increase. The plan includes reductions through layoffs, the elimination of vacant positions, furloughs and by freezing wages and longevity pay

WASHINGTON, DCv - March 24, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development posted a Notice of Funding Availability(NOFA) today for the six entities that were last week named finalists to receive the first Implementation Grant funding through HUD’s new Choice Neighborhoods Initiative (CN).

HAVERSTRAW, NY - March 24, 2011 - (RealEstateRama) --– Village, County and State officials joined today with representatives from The Community Preservation Corporation (CPC), the Rockland Housing Action Coalition (RHAC) and invited guests to celebrate the completion of Murphy Manor Apartments, the first quality-built affordable housing for families in Haverstraw.

New York, NY - March 24, 2011 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) issued a Request for Expressions of Interest (RFEI) for the purchase or ground lease, and redevelopment of the Corn Exchange Building in East Harlem. The building, located on the northwest corner of the intersection of Park Avenue and East 125th Street, is a city landmark built in 1883. The lot is approximately 4,500 square feet and is zoned for residential and commercial uses.

New York, NY - March 24, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg today named Mathew M. Wambua Commissioner of the Department of Housing Preservation and Development (HPD). Wambua will replace Rafael E. Cestero, who will leave public service at the end of March as previously announced. Wambua will become Commissioner on April 4th. Mayor Bloomberg made the announcement in the Blue Room of City Hall, where he was joined by Deputy Mayor for Economic Development Robert K. Steel, New York City Housing Development Corporation President Marc Jahr, Cestero and Wambua.

NORFOLK, VA - March 24, 2011 - (RealEstateRama) -- The City of Norfolk is pleased to announce that homelessness in Norfolk has decreased by 4% from January 2010 to January 2011. Mayor Paul D. Fraim states, "I am quite pleased that in two of the most difficult economic years, our community has worked together to continue to end homelessness. We know that we still have much work to do and that there are still many in our community in need of our assistance to put homelessness or the threat of losing their housing behind them." Overall, 536 persons were identified as being homeless during the 24-hour, 2011 Point-in-Time count. This compares to 556 counted in January 2010 which also showed a 4% decrease from the previous count in 2009.

NEW YORK, NY - March 24, 2011 - (RealEstateRama) -- Today, U.S. Representatives Carolyn Maloney (D-Manhattan, Queens) and Charles Rangel (D-Manhattan & the Bronx); Mike Hickey, Executive Director of the Center for New York City Neighborhoods; Willie Rapfogel, CEO of the Metropolitan Council on Jewish Poverty; Mitchell Kent of the NYC Department of Consumer Affairs; Bisoondaye Maharaj, a struggling Queens homeowner who has benefitted from federal mortgage programs; and housing advocate Seema Agnani, Executive Director of the Chhaya Community Development Corporation, gathered at City Hall to release a report detailing the impact on New York City of Republican efforts to terminate federal foreclosure-avoidance programs. At a time when our economy and real estate market remain fragile, Republicans have offered no alternative plans to stem the foreclosure crisis.