Monthly Archives: April 2011

EUGENE, OR - April 13, 2011 - (RealEstateRama) -- IDX, Inc. and Joydine Keller have teamed up to create a thorough and comprehensive online property search page for Chicago, Illinois home seekers to explore. Midwest Real Estate Data (MRED) listings are synced to the website of Keller with the dynamic IDX Broker software, integrating thousands of area property listings directly on the page of Keller. Home seekers can experience an online property search comparable to none without ever leaving the comfort of their home or the convenience of the IDX enabled website Keller supports

Franklin, TN - April 13, 2011 - (RealEstateRama) -- With the first apartments of the new 428-unit luxury community at the intersection of Carothers Pkwy. and E. McEwen Dr. expected to be complete this summer, MAA and Crescent Resources have named the community The Venue at Cool Springs.

EUGENE, OR - April 13, 2011 - (RealEstateRama) -- Access USA Realty and Larry Milligan have teamed with IDX, Inc. to bring a dynamic real estate website to online property searchers. As a member of the Southeast Florida MLS (SEFL), Milligan has long had access to thousands of properties on the listings database agents and brokers can access. The IDX solution Milligan now employs automatically syncs thousands of SEFL listings to his search page, creating a comprehensive and thorough database of listings on his website. IDX Broker allows home seekers to experience an unparalleled online real estate search, on the website of Milligan

New York, NY - April 13, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced the refinancing of 3 Columbus Circle and repayment of the $250 million acquisition bridge loan that was originated in January 2011 by SL Green and Deutsche Bank. The new five-year $260 million mortgage loan, provided by The Bank of China, has an earn-out option that increases the loan up to $300 million upon achievement of certain performance thresholds

Torrance, CA - April 13, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 9,219-square-feet multi-tenant retail property located at 1011 - 1041 Avenida Pico, San Clemente, Calif.. The transaction is valued at $1.750 million.

New York, NY - April 13, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced they will showcase 15 developments in a joint open house during the weekend of April 16, 2011.

WASHINGTON, D.C. - April 13, 2011 - (RealEstateRama) -- Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 8, 2011.

TRENTON, NJ - April 121, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that six men were indicted today on charges that they stole more than $2.6 million from lenders by filing fraudulent mortgage loan applications.

April 121, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that STEVEN BYERS, the former president and chief executive officer of the private equity firm WexTrust Capital, LLC (“WexTrust Capital”), was sentenced today to 160 months in prison on charges stemming from a fraud that raised more than $9 million from investors in private placement real estate offerings. BYERS, 48, was sentenced in Manhattan federal court by U.S. Court of Appeals Judge DENNY CHIN.

New York, NY - April 12, 2011 - (RealEstateRama) -- To help encourage the early adoption of New York City’s planned phase-out of #6 fuel oil, the New York State Energy Research and Development Authority (NYSERDA) today announced $6.5 million in incentives to help multifamily buildings with five or more units switch to cleaner fuels that will help provide a healthier, cleaner environment for residents and New York City.

New York, NY - April 121, 2011 - (RealEstateRama) -- Senate Majority Leader Dean G. Skelos, Assembly Minority Leader Brian Kolb and representatives of business organizations today urged the Assembly Majority to act on a meaningful property tax cap bill. The Senate overwhelmingly passed Governor Cuomo’s property tax cap legislation with bipartisan support earlier this year.

Washington, DC - April 121, 2011 - (RealEstateRama) -- Congressman Maurice Hinchey (D-NY) last week introduced the Flood Insurance Fairness Act of 2011 (FIFA) to assist property owners with new costs they face due to the Federal Emergency Management Agency's (FEMA) flood map modernization program. With thousands of families throughout New York facing a new requirement to purchase flood insurance as they are remapped into flood zones under FEMA's plan, the FIFA legislation would give property owners the option to delay the flood insurance purchase requirement for up to five years and require FEMA to cover certain costs associated with the flood hazard map appeals process. Similar legislation was introduced by Hinchey in the previous Congress.

Scotsman Guide Releases Top Originators 2010 Rankings Brookfield, WI - April 12, 2011 - (RealEstateRama) — Inlanta Mortgage congratulates its Pewaukee Branch Manager, Jim Snyder, for his ranking as a Scotsman Guide 2010 Top Originator. Jim was ranked #106 in Loans Closed and #161 in Total Volume.

Boston, MA - April 121, 2011 - (RealEstateRama) -- Mayor Thomas M. Menino announced today that in the last decade (2000 – 2010), 20,500 new units of housing were produced in the City of Boston, 5,500 of which are affordable to low and moderate income households. The total number of housing units in Boston has increased by 8.2% from the prior decade and the number of new housing developments in the last decade exceed the number of housing starts for the past six decades.

April 121, 2011 - (RealEstateRama) -- Turner Universal, a subsidiary of Turner Construction Company, today announced that the Associated Builders and Contractors (ABC) recognized the Company’s work on the Middle Tennessee Medical Center in Murfreesboro, TN with the Pyramid Award in the Mega-Project category of ABC’s Excellence in Construction Awards.

Washington, DC - April 121, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced that it will release AIA Document D503™-2011, Guide for Sustainable Projects, including Agreement Amendments and Supplementary Conditions (“Guide”), in May 2011. The Guide is free and was developed to assist users of AIA Contract Documents in understanding contractual considerations unique to sustainable design and construction projects.

Tallahassee, FL - April 121, 2011 - (RealEstateRama) -- Today, Attorney General Pam Bondi filed a complaint against a home loan modification company for allegedly requiring consumers to pay an upfront fee for services. According to an investigation by the Attorney General’s Office, U.S. Mitigators, LLC, a company providing home loan modification services, was allegedly requiring consumers to pay an upfront fee of $2,100 before services were rendered. Many consumers reported paying the $2,100 fee and an additional $399 application fee for services they never received. The Attorney General’s complaint against the company seeks more than $48,000 in restitution for consumers

April 121, 2011 - (RealEstateRama) -- A report released today by NYU’s Furman Center for Real Estate and Urban Policy finds that the housing crisis has taken a toll on New York City’s multi-family rental properties. The report, the State of New York City’s Housing and Neighborhoods 2010, also examines commuting patterns within the city, highlights new data on subsidized rental housing, and shows housing and demographic trends in each of the city’s 59 community districts.

DENVER, CO - April 121, 2011 - (RealEstateRama) -- Kris Kerr, a service-driven real estate professional, has joined The Gordon Group with Kentwood Real Estate in the Denver Tech Center as a Broker Associate. Kerr is now serving the diverse real est...

DENVER, CO - April 121, 2011 - (RealEstateRama) -- Kris Kerr, a service-driven real estate professional, has joined The Gordon Group with Kentwood Real Estate in the Denver Tech Center as a Broker Associate. Kerr is now serving the diverse real estate needs of clients throughout the metro Denver area.

WASHINGTON, D.C. - April 121, 2011 - (RealEstateRama) -- National consumer, civil rights, and labor groups ask bank regulators to withdraw the proposed consent orders issued to the nation’s mortgage servicers and to work with the state Attorneys General and United States Department of Justice to obtain a joint settlement that addresses illegal servicing practices in a meaningful manner.

Rancho Dominguez, CA - April 121, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, completed the sale of a 27,052-square-foot industrial building located at 18618 S. Ferris Place, Rancho Dominguez, Calif. to a Inglewood-based importer, ILS Inc. The transaction is valued at $3.5 million.

Washington, DC - April 121, 2011 - (RealEstateRama) -- The National Foundation for Credit Counseling (NFCC) is the recipient of a Housing and Urban Development (HUD) program grant to assist seniors who have taken out a Home Equity Conversion Mortgage (HECM) and who are delinquent on their property charges, such as taxes and insurance, thus putting their home in danger of foreclosure.

Torrance, CA - April 121, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has negotiated a 64-month office lease for a property located at 21605 Hawthorne Blvd. Pavilion C, Suite 200, Torrance, CA 90503. The transaction is valued at approximately $1 million.

Phoenix, AZ - April 121, 2011 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) today introduced its latest green building rating system, LEED for Healthcare, at the CleanMed conference. The rating system guides the design and construction of both new buildings and major renovations of existing buildings, and can be applied to inpatient, outpatient and licensed long-term care facilities, medical offices, assisted living facilities and medical education and research centers.

WASHINGTON, D.C. - April 121, 2011 - (RealEstateRama) WHAT: The Mortgage Bankers Association's (MBA) 2011 National Secondary Market Conference & Expo- ‘Securing Future Market Growth

Torrance, CA - April 121, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of 19,309-square-feet office space for a property located at 2154 Torrance Boulevard, Torrance, CA 90501. The transaction is valued at $2.085 million.

SHERMAN OAKS, CA - April 121, 2011 - (RealEstateRama) -- Randy Kobata, a Principal with Lee & Associates-LA North/Ventura, Inc. and Jack Schlaifer a Senior Vice President at the brokerage, transacted the sale of a 47,846-square-foot property to a San Fernando Valley physician who will relocate and expand his practice to the new site. The property, at 5651 Sepulveda Blvd. in Van Nuys, CA, sold for $3,100,000.

WASHINGTON, DC - April 121, 2011 - (RealEstateRama) -- The apartment industry made a surprising recovery in 2010 from the “Great Recession,” and that recovery is reflected in the 2011 NMHC 50, the National Multi Housing Council’s annual ranking of the 50 largest apartment owners and 50 largest managers.

WASHINGTON, DC - April 121, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that it is making grants available to help eliminate lead-based paint and other housing related health hazards from lower income homes. The funding will help protect young children as well as other vulnerable populations.