Monthly Archives: April 2011

The Muller Company Expands Management Portfolio to 608,000 SF in San Diego and Adds...

LAGUNA HILLS, CA - April 25, 2011 - (RealEstateRama) -- The Muller Company, a full service real estate company specializing in management, investment and development of commercial real estate in the western United States, announced today that the firm now owns and/or manages nearly 608,000 square feet of office, retail and medical space in San Diego County, Calif. With the growth of its portfolio, The Muller Company has added two property managers, Maya Hausmann, CPM® as property manager and Christina Kitchen as assistant property manager.

Key Promotion Positions RE/MAX for the Future

DENVER, CO - April 25, 2011 - (RealEstateRama) -- RE/MAX, LLC today announced the promotion of a key executive as the Denver-based global franchisor continues its commitment to build and maintain a strong and dynamic management team. Mike Ryan will assume the role of Executive Vice President, Global Communications and Branding and will take the lead on the company’s expansion into Distressed Property projects, oversee government relations efforts and continue to supervise Brand Marketing, RE/MAX University, Event Management and Corporate Communications.

CUSHMAN & WAKEFIELD ARRANGES 113,000-SQ.-FT. WAREHOUSE SUBLEASE

CARLSTADT, N.J. - April 25, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has arranged a 113,000-square-foot sublease at 333 Starke Road in Carlstadt. Total Office Planning Services (TOPS) of Manhattan has relocated its warehouse facility from Long Island City to the property.

THE MARKETING DIRECTORS SWEEPS THE SALES AWARDS AT THE 2011 NJ SAM AWARDS

NEW YORK, N.Y. -- The Marketing Directors, Inc. were the winners of all three of the top sales categories awarded at the 2011 Sales and Marketing (SAM) Awards banquet held on Tuesday, April 5th in Atlantic City.

CT REIA May 2011 Monthly Meeting With Dave Lindahl – Investing In Apartments

West Hartford, CT - April 25, 2011 - (RealEstateRama) CT REIA and Dave Lindahl presents: Wealth Advantages Of Apartment Property Investing. (4th Monday) May 23, 2011 - 5:30 to 9:00 PM Crowne Plaza Hotel. 100 Berlin Road. Cromwell, CT FREE for CTREIA and AOACT members | $30 for guests

Faris Lee Investments Completes $12.5 Million Sale of Shoppes at Puente Hills Mall in...

Irvine, CA - April 25, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $12.5 million sale of Shoppes at Puente Hills Mall, a 20,174-square-foot retail center located at 17501 Colima Rd. in City of Industry. Built in 2009 and situated on 2.52 acres, the center is an outparcel to the very successful Puente Hills Mall. The property is 87 percent occupied and includes Panera Bread, Chipotle, The Vitamin Shoppe, Wing Stop, T-Mobile, Jamba Juice, and others.

HARLEM’S BEACON TOWERS IS NOW 90% IN CONTRACT

New York, NY – April 25, 2011 – Beacon Towers and Halstead Property Development Marketing today announced that 90% of units are under contract at the new affordable cooperative development in Central Harlem

Single Women Homeownership Skyrockets

New York, NY - April 25, 2011 - (RealEstateRama) -- In the last 8 years single women buying homes has raised 50%. They now account for 22% of all home sales, an estimated 1.5 million home sales. Single women consists of women of all ages and walks of life including age ranges of 20's through seniors, divorced women, single moms, & childless women.

Enterprise Green Communities Celebrates Earth Day, Awards Grants to Affordable Housing Owners

COLUMBIA, MD - April 22, 2011 - (RealEstateRama) -- Right in time for Earth Day, Enterprise Green Communities (Enterprise) has awarded $150,000 to owners of affordable housing for resident engagement programs. The programs will provide residents with practical and cost-effective practices for everyday usage that will extend the benefits of their green homes. Through a grant from The Home Depot Foundation, Enterprise awarded six organizations $25,000 each. Awards will be used to develop tools to encourage residents including children and seniors to properly operate and maintain their green homes.

National Homeless Numbers Unchanged According to Local 2010 Counts: Federal Stimulus Funds Likely Prevented...

WASHINGTON, D.C. - April 22, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development has just released national data showing that the number of homeless people was essentially unchanged from 2009 to 2010. The number, based on counts conducted by localities and states across the nation in January 2010 (called Point-In-Time [PIT] counts), went from 643,067 to 649,879, an increase of one percent. However, there was a three percent increase in the number of homeless people who were unsheltered.

Cushman & Wakefield Sonnenblick Goldman Arranges Acquisition Financing for Two Manhattan Apartment Buildings

New York, NY - April 22, 2011 - (RealEstateRama) -- Cushman & Wakefield Sonnenblick Goldman has arranged acquisition loans for affiliates of Castellan Real Estate Partners to fund their purchases of 295 West 150th Street and 2108 Amsterdam Avenue in Manhattan. The loans were provided by a New York-based savings bank.

Federal Charges Filed Against Las Vegas Man for Defrauding Distressed Homeowners

WASHINGTON, DC - April 22, 2011 - (RealEstateRama) -- A Las Vegas man was arrested yesterday on charges that he defrauded distressed homeowners in Las Vegas who were attempting to refinance or adjust their home mortgages, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and U.S. Attorney Daniel G. Bogden for the District of Nevada.

OHFA BOARD APPROVES OVER $3.9 MILLION FOR DEVELOPMENT AND CONSTRUCTION OF AFFORDABLE HOUSING IN...

COLUMBUS, OH - April 22, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board approved $1.9 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments on Wednesday. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF).

RENTING AN APARTMENT IN VERMONT CONTINUES TO GROW MORE DIFFICULT

BURLINGTON VT - April 22, 2011 - (RealEstateRama) -- Renting an apartment in Vermont continues to grow more difficult for the average Vermonter, according to a report released today.

PHFA announces keynote speakers for May Housing Forum

HARRISBURG, PA - April 22, 2011 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency today announced the keynote speakers for its 2011 Commonwealth Housing Forum set for May 5 and 6 in Harrisburg.

AFFORDABLE HOUSING DEVELOPMENTS PLANNED

BISMARCK, ND - April 22, 2011 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.9 million in Low Income Housing Tax Credits (LIHTC) for constr...

Affordable Housing Developments Planned

BISMARCK, ND - April 22, 2011 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.9 million in Low Income Housing Tax Credits (LIHTC) for construction or rehabilitation of 258 affordable housing units.

Housing Agency Provides Support

BISMARCK, ND - April 22, 2011 - (RealEstateRama) -- The Industrial Commission today approved distribution of more than $200,000 by the North Dakota Housing Finance Agency (NDHFA) through the Helping Housing Across North Dakota (Helping HAND) program.

NYSERDA Announces Benchmarking Initiative to Help Commercial and Multifamily Building Owners Reduce Energy Use,...

New York, NY - April 22, 2011 - (RealEstateRama) -- The New York State Energy Research and Development Authority (NYSERDA) today launched a pilot to help the commercial building sector and multifamily buildings reduce their energy use, save on operating costs and cut greenhouse gas emissions.

LIU TO CITIGROUP: TIME TO CLEAN HOUSE ON MORTGAGE, FORECLOSURE POLICIES

NEW YORK, NY - April 22, 2011 - (RealEstateRama) -- Comptroller John C. Liu issued the following statement regarding the NYC Pension Funds’ proposal that the bank’s board of directors launch an independent audit of its mortgage and foreclosure practices. The proposal is on the agenda at Citigroup’s annual meeting in New York City tomorrow:

Jury Convicts Albuquerque Real Estate Agent of Federal Mortgage Fraud Offenses

ALBUQUERQUE, NM - April 22, 2011 - (RealEstateRama) -- United States Attorney Kenneth J. Gonzales announced that this afternoon, a federal jury convicted Albuquerque real estate agent Kevin Powers, 51, of 17 counts of wire fraud in connection with an unlawful scheme to defraud mortgage lenders and to obtain over $5.5 million in loan proceeds through false pretenses, misrepresentations, and omissions. At sentencing, Powers faces up to 20 years’ imprisonment and a maximum $250,000 fine on each count of conviction. Powers remains on release under pretrial supervision pending his sentencing hearing, which is scheduled for July 18, 2011.

CB RICHARD ELLIS GROUP, INC. CERTIFIES 100 CLIENT BUILDINGS UNDER THE LEED® FOR EXISTING...

Los Angeles, CA - April 22, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has certified its 100th building under the LEED® for Existing Buildings rating system, demonstrating the company’s industry leadership and satisfying a 2007 commitment to achieve 100 building certifications in the U.S. Green Building Council’s (USGBC) LEED program. CB Richard Ellis is the first manager of commercial property to have 100 buildings certified under the LEED for Existing Buildings rating system.

HUD MAKES NEARLY $110 MILLION IN GRANTS AVAILABLE TO HELP LOW-INCOME FAMILIES RECEIVE JOB...

WASHINGTON, DC - April 22, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today nearly $110 million is available through three grant programs to help families who receive HUD rental assistance get the necessary education or job training to gain employment. One of the grant programs also helps senior citizens connect with supportive services to allow them to remain in their home.

Three Charged in $4.2 Million Mortgage Fraud Scheme

April 22, 2011 - (RealEstateRama) -- Earlier today in federal court in St. Paul, three people were charged with orchestrating a scheme to defraud mortgage lenders out of approximately $4.2 million relative to a Minnetonka development. Sheri Lynn Delich, age 45, of Apple Valley; My Dinh Lam, age 30; of Minneapolis; and Ashley Elizabeth Prasil, age 26, of Eden Prairie, were charged via an information with one count of conspiracy to commit mortgage fraud. In addition, Delich was charged with one count of money laundering.

Leading Realtors with Kentwood City Properties Sponsor 13th Annual Washington Park Home Tour

DENVER, CO - April 22, 2011 - (RealEstateRama) -- Five leading real estate professionals with Kentwood City Properties are sponsoring the 13th Annual Washington Park Home Tour scheduled for Saturday, May 7, 2011. Dee Chirafisi, Brian and Jamie Harris,...

Department of Finance Offers Tips to Distressed Homeowners on How to Avoid Mortgage Relief...

April 22, 2011 - (RealEstateRama) -- As a part of Financial Literacy Month the Idaho Department of Finance is promoting online resources for homeowners who are behind on their mortgage payments, or who may be at risk of falling behind on their mortgage payments. “Homeowners need to know that federal and state laws are in place to protect them from mortgage relief scams that have sprung up during the mortgage crisis,” said Gavin Gee, Department of Finance director.

Donotrent.com Adds Google Map to Search Rentals

Chicago, IL - April 22, 2011 - (RealEstateRama) -- Donotrent.com is the newest rental review and social networking site. Users can search, post and chat about reviews of apartments, student housing, rental homes, vacation rentals and more in every city in the United States.

Seattle area real estate simplified with IDX enabled website of agent Hamid Ali

EUGENE, OR - April 22, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Hamid Ali to the growing network of real estate professionals dedicated to serving their clients and their every real estate need, by syncing an IDX solution to their search page. The latest addition of IDX Broker software has changed the way Ali presents Seattle, Washington real estate. His membership with the Northwest MLS (NWMLS) makes it monumentally easier for home seekers to search through thousands of area properties with the click of a mouse, thanks to the IDX enabled website of Ali

DOE and HUD Announce Lenders to Participate in New Pilot Program to Help Homeowners...

WASHINGTON, DC - April 22, 2011 - (RealEstateRama) -- Eighteen national, regional and local lenders will participate in a new two-year pilot program that will offer qualified borrowers living in certain parts of the country low-cost loans to make energy-saving improvements to their homes. Backed by the Federal Housing Administration (FHA), these new PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice, including the installation of insulation, duct sealing, replacement doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems.

IDX Broker provides West Palm Beach home seekers a simple and easy online home...

EUGENE, OR - April 22, 2011 - (RealEstateRama) -- IDX, Inc. and real estate agent Carlos Campana have revolutionized the online real estate search for West Palm Beach, Florida potential buyers. The IDX enabled website Campana now hosts has made finding the home of your dreams so much easier. With a dynamic search page and a wide array of tools to help home seekers customize their experience, Campana and his IDX synced website offer a informative and helpful online real estate solution for those searching for Florida homes. Southeast Florida (SEFL) listings are even displayed with ease, creating a database of homes that is easily accessible via the search page Campana hosts.

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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