Monthly Archives: June 2011

HAMILTON, N.J. - June 29, 2011 - (RealEstateRama) -- It promises to be the most talked about event of the year, and the public is invited to attend. Lennar’s MusicFest, an outdoor food and music festival, will be held on Saturday, July 16 from noon to 4 p.m. at the national homebuilder’s 55-and-better communities of Greenbriar Oceanaire in Waretown, Greenbriar Stonebridge in Monroe Township and Greenbriar Fox Ridge in Rockaway Township. The rain date is Sunday, July 17.

Washington, DC - June 28, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.74 percent based on loans closed in May. This is a decrease of 0.06 percent from the previous month. This Contract Rate series can be found at http://www.fhfa.gov/Default.aspx?Page=251.

VIENNA, VA - June 28, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today, in its First Quarter 2011 Mortgage Loan Fraud (MLF) analysis, reported that the number of MLF suspicious activity reports (SARs) rose to 25,485 up 31 percent from 19,420 in the first quarter of 2010. FinCEN attributes the increase to large mortgage lenders conducting additional reviews after receiving demands to repurchase poorly performing mortgage loans. In the first quarter of 2011, 86 percent of MLF SARs reported activities which occurred more than two years prior to the filing of the SARs.

Miami, FL - June 28, 2011 - (RealEstateRama) -- Sky Avenue has created an innovative real estate website to assist customers in finding their ideal residence. The website provides users with immediate access to current real estate information including free searches of Miami Real Estate, Bank owned units, South Beach luxury condos, Brickell apartments and vacation rentals.

IRVINE, CA - June 28, 2011 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment sales groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher and Edward B. Hanley have exclusively listed for sale a 31,900-square-foot multi-tenant retail center on Highway 111 in Rancho Mirage, Calif. The asking price is $7,765,000.

June 28, 2011 - (RealEstateRama) -- Every home needs to have the lighting arrangements for all rooms, let it be residential or commercial places. Owning your own home is fun and exciting. You can do anything you want and there are so many exciting things available now days to improve it and change the look of your old home by remodeling.

NEW YORK, NY - June 28, 2011 - (RealEstateRama) -- BFC Partners and Halstead Property Development Marketing today announced that 75 percent of the available homes at Toren, Brooklyn’s iconic new condominium tower, have been sold.

EUGENE, OR - June 28, 2011 - (RealEstateRama) -- IDX, Inc. and Wendy Richards have joined forces to revolutionize the online North Carolina real estate search. As a member of the Carolina MLS (CMLS), Richards has long had access to thousands of detaile...

WASHINGTON, DC - June 28, 2011 - (RealEstateRama) -- The American Bankers Association testified today on the need to ensure small banks have access to the secondary mortgage market, calling for workable and clear underwriting standards for all mortgage loans and a reduced government role in housing finance.

Los Angeles, CA - June 28, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that it has exceeded 10,000 attendees in the BOMA Energy Efficiency Program (BEEP), a major industry milestone. That performance represents 40% of all attendees in what is recognized as the leading sustainability training program for commercial real estate professionals.

EUGENE, OR - June 28, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Kristen Gann, the latest real estate professional to integrate a customizable IDX solution onto her realty website, to the growing network of agents and broker who have proved themselv...

Irvine, CA - June 27, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $7.1 million sale of a NNN leased, single-tenant, 35,600-square-foot property occupied by 24 Hour Fitness located at 900 NE Deerbrook St. in Lee’s Summit, MO. Built in 2007 and situated on 3.53 acres, the property is just off highway 291 and is within a busy retail area that includes Wal-Mart Supercenter, Office Max, Sears and many other national retailers and dining.

LOS ANGELES, CA - June 27, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has been selected to market National City Tower, an historic adaptive reuse development that includes 93 residential lofts that are approximately 95 percent occupied, as well as ground floor and basement retail space. The 12-story, 118,162 square foot property is being offered at $32.75 million.

STAFFORD TOWNSHIP, N.J. - June 27, 2011 - (RealEstateRama) -- Stafford Park’s newest addition, Olive Garden, opened its doors to the public, making it the first restaurant to join the variety of successful retailers at the large-scale mixed-use redevelopment in southern Ocean County.

NEW YORK, NY - June 27, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a new direct lease for GuardHill Financial Corp. with Boston Properties Inc. at 140 East 45th Street, also known as 2 Grand Central Tower. The mortgage banker and brokerage firm signed at 10-year lease for 16,350 square feet at the Class A, 667,000-square-foot office building.

West Hartford, CT - June 27, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Bob Lachance, is announcing its July 2011 monthly meeting for real estate investors. This seminar will also celebrate CT REIA’s 8th anniversary. This seminar will take place on Monday July 11, 2011, from 5:30 pm to 9:00 pm at the Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT. This seminar is free for CT REIA members and $30 for not-yet-members. There will be plenty of raffle prizes, giveaways, and networking opportunities for attendees.

Miami, Fl - June 27, 2011 - (RealEstateRama) -- If you are looking for your share of heaven, you have come to the right place. Sky Avenue Realty offers comprehensive real estate services from first search to the key in the door.

Torrance, CA - June 27, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest commercial real estate firms in the country, is pleased to announce the addition of Mike Abernathy as principal of Lee’s San Diego-UTC office. An industrial real estate specialist, Abernathy brings more than 20 years of experience in landlord and tenant representation.

Miami, FL - June 27, 2011 - (RealEstateRama) -- Cervera Real Estate leadership welcomed new additions to the team with a new agent cocktail reception, held June 2 at the new, upscale Kyma lounge at the EPIC Miami Residences and Hotel in Brickell. Cervera’s new agents had the opportunity to network and mingle over wine and hors d’oeuvres. Discussions centered around reasons for joining the company and the work Cervera’s commercial division played in leasing the lounge.

Alpharetta, GA - June 27, 2011 - (RealEstateRama) -- Metro Atlanta-based Realtor Mark Spain and his team were again honored as one of the top-producing real estate teams in Georgia and the entire United States. The Mark Spain Team was recognized by the Atlanta Board of Realtors at its annual awards banquet for being the #1 large team in all of metro Atlanta—for the seventh straight year. RE/MAX of Georgia ranked the team at #2 in Georgia for commissions earned.

ALISO VIEJO, CA - June 27, 2011 - (RealEstateRama) -- David L. Ball, president of Arnel Development Co. in Costa Mesa, Calif., has joined the board of directors for CT Realty Investors. Ball has nearly 30 years of commercial and residential real estate development and lending experience. As president of Arnel Development, a subsidiary of Arnel & Affiliates, Ball is responsible for overseeing all real estate investment and development activities, joint ventures and real estate-related banking relationships. A member of the Arnel management team since 1983, Ball has developed more than one million square feet of retail space, numerous apartment projects, hundreds of single-family homes, and nearly 500,000 square feet of office space. He has also engineered numerous investments involving land development and industrial parks on behalf of Arnel.

Torrance, CA - June 27, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed on the $2.3 million sale of an 11,440-square-foot office building located at 1160 Nicole Court, in Glendora, Calif.

IRVINE, CA - June 27, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture + Planning, is pleased to announce that KTGY Principal Manny Gonzalez, AIA, LEED AP, CAASH, has been invited to be a featured speaker in an upcoming webinar presented by the National Association of Home Builders (NAHB) on July 6, from 2:00-3:00 p.m. EDT.

Des Plaines, IL - June 27, 2011 - (RealEstateRama) -- A nationwide survey of remodeling contractors by the National Association of the Remodeling Industry (NARI) reveals a significant increase in the cost of a remodeling project due to current federal regulation. Regulation that according to survey results, is unwelcome to homeowners who do not have small children living in their home. And regulation that is certain to negatively impact scores of small remodeling businesses.

Yonkers, NY - June 27, 2011 - (RealEstateRama) -- Mayor Philip A. Amicone, Chairman of the Yonkers Industrial Development Agency (IDA) joined Westchester County Executive Rob Astorino, city and county legislators and Ron Moelis the CEO of L+M Development Partners Inc. (L+M) for the ceremonial opening of 330 Riverdale, a brand new, multifamily housing development in Yonkers.

Destin, FL - June 27, 2011 - (RealEstateRama) -- Homeowners who have suffered through illegal foreclosures to become victims at the hands of bankers should be financially compensated by the lenders, according to a new Housing Predictor opinion poll.

AUSTIN, TX - June 27, 2011 - (RealEstateRama) -- Purchasing a home is the biggest investment that most consumers will ever make, therefore it is vital to have all of the information available about the property prior to signing on the dotted line. To help consumers know detailed information about the "life story" of their new home, BuildFax, the nation's leading provider of historical building permit data, is now offering consumers access to a free detailed report about the home, including relevant permit data regarding key upgrades and repairs made to the property.

EUGENE, OR - June 27, 2011 - (RealEstateRama) -- Internet Data Exchange (IDX) technology has now upgraded the search capabilities on the website of Petra Roller, thanks to her adoption of the revolutionary IDX Broker software from IDX, Inc. Naples and Marco Island, Florida home seekers can rest assured that the website of Roller is working to find them the best possible property for their real estate needs. By narrowing and focusing a search of the Sunshine MLS (SSMLS), clients of Roller can experience an unprecedented level of access and control over their online property search. IDX Broker software has truly changed the way potential Florida buyers search for homes online

WASHINGTON, DC - June 27, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today released a study that finds the nation’s 1.2 million public housing units need an estimated $25.6 billion for large scale repairs. This study updates a 1998 analysis and includes costs to address overdue repairs, accessibility improvements for disabled residents, lead abatement, and water and energy conservation that would make the homes more cost effective and energy efficient.

EUGENE, OR - June 27, 2011 - (RealEstateRama) -- IDX, Inc. and Kathi McLean have joined forces to produce and display a thorough and comprehensive online real estate search page, directly on the website McLean hosts. As a member of the California Real Estate Technology Services (CARETS), McLean can conveniently sync thousands of Southern California property listings with her search page, creating a unique and dynamic online real estate solution. IDX Broker software gives McLean the ability to effectively and efficiently match her clients, and other Westlake Village home seekers, with their dream home, from her website and the innovative IDX Broker application for iPhone and iPad.