Monthly Archives: May 2011

AUSTIN, TX - May 5, 2011 - (RealEstateRama) -- H.B. 2671 by State Representative John V. Garza, of San Antonio, will make Home Owners Associations subject to Open Meetings, Open Records and utilize the State’s Record Retention Policy.

WASHINGTON, DC - May 5, 2011 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) announced funding today that will help New Jersey’s homeless access basic necessities and support services. A total of $16.25 million have been awarded to New Jersey communities by the Department of Housing and Urban Development (HUD) through the Continuum of Care Program

IRVINE, CA - May 5, 2011 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, and SmartZip Analytics (www.smartzip.com), a leader in real estate analytics, today announced that SmartZip’s HomeScore™ has been integrated on nearly 2 million foreclosure and for-sale properties posted on the RealtyTrac website, allowing users to instantly locate properties that have the best potential for appreciation over time

Las Vegas, NV - May 5, 2011 - (RealEstateRama) -- There’s still time for residents facing foreclosure to sign up for this free Foreclosure Prevention and Mediation Process interactive event. The event is planned for 2 to 4 p.m. on Wednesday, May 11, and will take place at the Centennial Hills Active Adult Center, located at 6601 N. Buffalo Drive. Interested parties are asked to R.S.V.P. to 229-4167 as soon as possible.

BROOKLYN, NY - May 5, 2011 - (RealEstateRama) -- FasTracKids will soon become the first retailer to open for business at Arias Park Slope as the early childhood learning center is gearing up for an anticipated July 1st grand opening at the new luxury rental building in Brooklyn’s Park Slope neighborhood.

Jefferson City, MO - May 5, 2011 - (RealEstateRama) -- Attorney General Chris Koster said today he has obtained a consent judgment against a Greene County man who allegedly engaged in a foreclosure scam to trick vulnerable homeowners into transferring ownership of their homes to him and his associates.

May 5, 2011 - (RealEstateRama) -- Spring means the return of the robin to Michigan, but it also means many residents' thoughts turn to building or sprucing up their own nests. The Michigan Department of Licensing and Regulatory Affairs reminds consumers of important tips that will help them avoid common - and often costly - mistakes while building or renovating a home.

LANSING, MI - May 5, 2011 - (RealEstateRama) -- Attorney General Bill Schuette today announced the sentencing of a DeWitt man who pled guilty to five felony charges in connection with his role in an illegal advanced fee "foreclosure rescue" operation. Isaac Modert, 28, defrauded four Michigan homeowners with homes in Lansing and Benton Harbor. As a result of Modert's actions, the four victims lost more than $20,000 and one Lansing couple ultimately lost their home to foreclosure.

EVANSVILLE, IN - May 5, 2011 - (RealEstateRama) -- State legislators passed new laws to protect the telephone privacy of cell phone users, provide restitution to consumers who have been scammed and create important legal protections for homeowners at risk of foreclosure. Indiana Attorney General Greg Zoeller today thanked area legislators for passing eight important consumer protection bills during the 2011 session of the Indiana General Assembly that ended Friday

Lakewood, CO - May 5, 2011 - (RealEstateRama) -- Colorado Association Services, an Associa company, recently expanded its diverse Boulder client base and will now provide management services to the Iris Hollow Master Association.

May 5, 2011 - (RealEstateRama) -- American renters on average must earn at least $18.46 an hour to afford a modest apartment, yet the average renter makes just $13.52 an hour. This is the finding of Out of Reach 2011, a report released annually by the National Low Income Housing Coalition (NLIHC) that shows the mismatch between the rents available across the country and what low income renters can really afford.

ALAMEDA, CA - May 5, 2011 - (RealEstateRama) -- A groundbreaking today for VF Outdoor, Inc. marks the culmination of a four-year planning and site selection effort lead by a brokerage team from Cushman & Wakefield of California, Inc. in Oakland

IRVINE, CA - May 5, 2011 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Edward B. Hanley and William B. Asher represented the seller in the sale of a 7,866-square-foot multi-tenant retail building within a Lowe's anchored shopping center in Ontario, Calif. The purchase price was not disclosed.

Wilkes-Barre, PA - May 5, 2011 - (RealEstateRama) -- As part of its exclusive representation for Gap Inc., Metro Commercial announced today that it has brokered a new lease for a Banana Republic Factory Store in Wilkes-Barre, PA.

PHOENIX, AZ - May 5, 2011 - (RealEstateRama) -- Funding cuts are creating layoffs, reduced services and delayed infrastructure projects for cities nationwide. At a special one-day event on Friday, May 20, 2011, public and private leaders will participate in an interactive discussion on lessons learned and innovative strategies to not just survive, but create thriving cities in a difficult economic environment.

TEANECK, N.J. - May 5, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield has been named leasing agent for the 650,000-square-foot office component of the Glenpointe complex in Teaneck. Richard Baumstein, Marc Graham and Christian Politan of the firm’s East Rutherford, N.J., office are heading the assignment on behalf of property owner Alfred Sanzari Enterprises.

Washington, DC - May 5, 2011 - (RealEstateRama) -- First quarter 2011 commercial and multifamily mortgage originations were 89 percent higher than during the same period last year and 25 percent lower than during the fourth quarter of 2010, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2010 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers.

New York, NY - May 5, 2011 - (RealEstateRama) -- Halstead Property Development Marketing and West 147th Street Associates LLC today announced that more than 70% of the units are closed or under contract at PS90, a premier residential development in Harlem. Closings and move-ins initially began in September 2010 and have remained steady at PS90, which is located at 220 West 148th Street and where immediate occupancy is available.

DENVER, CO - May 5, 2011 - (RealEstateRama) -- RE/MAX Commercial, a division of the Denver-based franchise company RE/MAX, LLC, recently earned a spot among the top, commercial real estate companies in National Real Estate Investor (NREI) magazine’s Top 25 Brokerages survey.

SOMERSET COUNTY, N.J. - May 5, 2011 - (RealEstateRama) -- The sales momentum at Summerfields continues to build with more and more homes being reserved each and every week at the collection of non-age restricted, Energy-star single-family residences in the prestigious Somerset section of Franklin Township

Las Vegas, NV - May 5, 2011 - (RealEstateRama) -- As the inventory of Nevada short sale homes continues to increase, we are seeing, over and over again, agents who are not counseling their clients when submitting an offer on a short sale. Here is a quick list of questions you should ask your buyers before showing them short sale listings to ensure that a short sale will work for them.

WASHINGTON, DC - May 5, 2011 - (RealEstateRama) --The apartment industry’s recovery continues briskly, according to the National Multi Housing Council's (NMHC) latest Quarterly Survey of Apartment Market Conditions.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- Twenty years ago, Senator Alan Cranston, Congressman Henry Gonzalez and housing advocates from across the country designed a new block grant program exclusively dedicated to producing affordable housing. Today, the U.S. Department of Housing and Urban Development's HOME Investment Partnerships Program (HOME) has produced one million units of affordable housing.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that it is offering $2.5 million in grants to improve and develop methods and knowledge for detecting and controlling lead-based paint and other housing-related health and safety hazards. This funding will help protect young children as well as other vulnerable populations.

Des Plaines, IL - May 4, 2011 - (RealEstateRama) -- Spring is in the air, and homeowners are starting to plan their dream home remodeling projects. To commemorate May as National Home Improvement Month, the National Association of the Remodeling Industry (NARI) offers homeowners a few words of advice for getting the most value out of your remodeling investment.

Chicago, IL - May 4, 2011 - (RealEstateRama) -- Cushman & Wakefield of Illinois, Inc. (C&W) announces the largest industrial portfolio sale in the Midwest since the economic downturn began in 2008. The portfolio, which includes seven buildings in northwest Chicago and one in the Milwaukee, WI, area, totals more than two million square feet. Jim Carpenter, Senior Director, and Ken Szady, Executive Director, from C&W’s Capital Markets Group, represented the seller, a joint venture between Interstate Partners and Towne Investments, in the marketing and sale of the portfolio. In addition, Cushman & Wakefield Sonnenblick Goldman, the firm’s debt and equity finance division, secured permanent financing of the portfolio for the buyer, Stockbridge Real Estate Funds.

AUSTIN, TX - May 4, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) has announced a $3.3 million Continuum of Care grant to Texas which will directly fund seven local organizations providing housing and supportive services to an estimated 246 homeless individuals or those at risk of homelessness, helping to transition them out of poverty and toward self-reliance.

SEATTLE, WA - May 4, 2011 - (RealEstateRama) -- Seattle City Light is expanding an energy use tracking service that helped about 18,000 customers save $477,000 on their energy bills last year.

HARRISBURG, PA - May 4, 2011 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency today announced that registration is open for its 2011 Housing Services Conference June 21-23 in State College at The Penn Stater Conference Center.

VAN NUYS, CA - May 4, 2011 - (RealEstateRama) -- Nearly 100 homeowners attended a foreclosure prevention seminar in Van Nuys on Saturday, April 30, which was sponsored by the Southland Regional Association of Realtors, Los Angeles Neighborhood Housing Services, and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). Rep. Brad Sherman (CA-27) was a special guest at the event.