Monthly Archives: June 2011

LECANTO, FL - June 6, 2011 - (RealEstateRama) -- Escalante Golf – owner and operator of luxury golf properties – today announces Rob King has been named director of development at Black Diamond Ranch, Florida’s No. 1 residential golf experience featuring three Tom Fazio-designed courses.

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has provided a $23.2 million senior loan commitment for the acquisition and re‐development financing of 2055 L Street, NW, a Class B+ office condominium located in the “Golden Triangle” of Washington D.C.’s CBD. The borrower/property owner is a joint venture between Monument Realty and Angelo Gordon & Co. which acquired the asset in December 2010. With this loan in place, the joint venture will now commence a six-month rehabilitation to the owned 102,000 square foot condominium office portion of the 237,000 square foot building.

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- CHFA is currently accepting 2011 applications for the Housing Tax Credit Contribution (“HTCC”) Program.

WEST ORANGE, N.J. - June 6, 2011 - (RealEstateRama) -- New Jersey's office market is making a comeback, but why does job growth lag other states? What's driving the surge in leasing activity, and does the general economic recovery finally have legs? On Monday, June 20, 2011, NAIOP New Jersey, the commercial real estate development association, will address those questions and more with the Mid-Year Economic Roundup at the association's scheduled chapter meeting.

SOUTH BEND, IN - June 6, 2011 - (RealEstateRama) -- The Saint Joseph County housing market is showing significant improvement in one key measure over the first four months of 2011. According to the latest data compiled by RE/MAX of Indiana, average home sales prices in Saint Joseph County went up nearly 11 percent from January to April over the same period in 2010. But, that’s only part of the story.

ALISO VIEJO, CA - June 3, 2011 - (RealEstateRama) -- Susan J. Barlow, chief executive officer of Newport Beach, Calif.-based Fiduciary Capital Inc., has been named to the board of directors for CT Realty Investors.

BOSTON, MA - June 3, 2011 - (RealEstateRama) -- Residents of areas impacted by this week’s tornadoes and storms should be aware that out-of-state entities often pour into an affected region offering repair assistance, and homeowners should instead rely on Massachusetts-licensed contractors, electricians, plumbers, sheet metal workers and other tradesmen to do work.The Patrick-Murray Administration’s Office of Consumer Affairs and Business Regulation registers home improvement contractors, and the Division of Professional Licensure licenses electricians, plumbers, and sheet metal workers. Both agencies offer online systems to check a licensee’s status.

Washington, D.C. - June 3, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) is pleased to announce that the Union des Architectes Internationale (UIA) has selected the winners of the 1st UIA Architecture & Children Golden Cubes Awards, an international competition to honor people and organizations that help children and young people understand architecture. A total of 42 organizations and institutions from the United States submitted applications to the competition, out of 300 entries representing 19 countries.

June 3, 2011 - (RealEstateRama) -- At a time when there are 10 million extremely low income renter households in the United States and only 6.5 million homes renting at prices those households can afford, Representative Ed Royce (R-CA) has introduced a bill that would eliminate the only housing program designed to fill this gap. On May 25, NLIHC President Sheila Crowley testified at a hearing on this bill, which would abolish the National Housing Trust Fund.

Washington, DC - June 3, 2011 - (RealEstateRama) -- West Palm Beach Coalition for Independent Living Options (CILO) and the National Fair Housing Alliance (NFHA) have filed a housing discrimination lawsuit against Cornerstone Group Development Corporation (www.cornerstonegrp.com), one of the largest multifamily housing developers in Florida and the United States. The organizations allege discrimination by Cornerstone Group and several of its affiliates against people with disabilities under the federal Fair Housing Act.

WASHINGTON, D.C. - June 3, 2011 - (RealEstateRama) -- Members of Media:Yesterday, the Mortgage Bankers Association (MBA) sent a letter to Acting Assistant Secretary for Housing - Federal Housing Commissioner Robert C. Ryan requesting the Federal Housing Administration (FHA) permit the use of electronic signatures (e-signatures) for all mortgage origination forms required by the FHA

WASHINGTON, DC - June 3, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to the Stillwater Hospital Association in Columbus, Montana. The $14.3 million loan i...

Midland, TX - June 3, 2011 - (RealEstateRama) -- Today Betenbough Homes, based in Lubbock, Texas, officially opened its Legends Park community in Midland, the first community the builder will have featuring all Green Certified homes. Betenbough made the commitment in late 2010 to have all its homes Green Certified by the NAHB Research Center to the National Green Building Standard™ this year. These Green Certified homes will be offered to buyers at no additional cost.

WASHINGTON, D.C. - June 3, 2011 - (RealEstateRama) -- On Tuesday, June 7 at 1:30 p.m., the National Association of Home Builders (NAHB) will host a media teleconference to reveal the results of a national survey looking at the value voters place on homeownership. The survey of 2,000 likely voters in the 2012 presidential election finds that, despite the economic downturn and housing crisis, respondents still consider owning a home to be a solid financial investment. The survey examines attitudes on homeownership among current homeowners including those who currently owe more than their house is worth as well as renters, and asks about the biggest barriers to buying a home

New York, NY - June 3, 2011 - (RealEstateRama) -- Matrix Realty Group and Savanna are pleased to announce a successful year of leasing activity at the Matrix Corporate Center, a premier 1.2 million square-foot office complex located in Danbury, Connecticut. Over 150,000 square feet of commercial space was leased in 2010, bringing the center’s occupancy to 74%.

COLUMBUS, OH - June 3, 2011 - (RealEstateRama) -- An amendment to the Senate’s version of the budget bill released yesterday would take millions from a fund that provides housing for poor, elderly and disabled Ohioans, and funnel it to county recorders offices for “general purposes.”

HOUSTON, TX - June 3, 2011 - (RealEstateRama) -- Adrian Levale Cole and Albert Terrance Watkins, both of Houston, have been sentenced to prison for their roles in a multi-million-dollar mortgage fraud scheme, United States Attorney José Angel Moreno announced today.

NEW YORK, NY - June 3, 2011 - (RealEstateRama) -- Halstead Property Development Marketing and West 147th Street Associates LLC, the developers of PS90, a premier residential development, today announced new incentives for select buyers who sign their contracts by June 15th.

MONMOUTH JUNCTION, N.J. - June 3, 2011 - (RealEstateRama) -- Bargain hunting means more than just good prices at The Pointe at Turnbury. While speculators try to scoop up the state’s few remaining foreclosure deals and fixer-upper properties at low prices, buyers at The Pointe at Turnbury are focusing on the quality end of the value equation. Prices have remained stable, yet active adult buyers agree that the spacious layout, luxury appointments and location just outside of Princeton qualifies The Pointe at Turnbury as a tremendous bargain.

New York, NY - June 3, 2011 - (RealEstateRama) -- U.S. Senator Charles E. Schumer today announced an $110,000 U.S. Department of Labor grant for the United Veterans Beacon House based in Bay Shore, Long Island. The center, which provides transitional housing and job training to homeless veterans in Suffolk and Nassau County, will use the money to fund outreach efforts to homeless veterans at other shelters in Long Island, as well as efforts to connect these veterans to potential employers. Schumer said that this grant was essential in order to provide our heroes who have fallen on hard times with the helping hand they need to find jobs and get their lives back on track.

WASHINGTON, DC - June 3, 2011 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today announced a 10-state settlement, in which Mortgage Access Corp. d/b/a Weichert Financial Services (MAC) headquartered in Morris Plains, New Jersey, agreed to remit a $3 million penalty.

Albany, NY - June 3, 2011 - (RealEstateRama) -- Many local REALTOR boards/associations and their members across New York State and the country will be showing homes to the public as part of a Nationwide Open House Weekend, June 4-5, 2011. Local sellers will be able to showcase their homes and interested buyers will have an opportunity to visit houses in their area without having to make an appointment for a showing.

WASHINGTON, DC - June 3, 2011 - (RealEstateRama) -- Agriculture Secretary Tom Vilsack today kicked off National Homeownership Month and highlighted the important role housing plays in creating jobs, maintaining viable rural communities and contributing to the economy. Since the start of the current fiscal year, which began last October 1, USDA Rural Development has financed approximately 80,000 home loans for rural residents.

Los Angeles, CA - June 2, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, welcomes Steve Algermissen to its Downtown Los Angeles office. He will serve as Executive Vice President.

Los Angeles, CA - June 2, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, welcomes Steve Algermissen to its Downtown Los Angeles office. He will serve as Executive Vice President.

West Hartford, CT - June 2, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the National Association of Small Business Owners, or NASBO, is announcing a new entrepreneur workshop for Connecticut business owners. This event will take place on Monday June 13, 2011 from 6:30 pm to 9:00 pm at the Sheraton Four Points, 275 Research Parkway in Meriden, CT. Online registration in advance is $24 and admission at the door is $49.

BISMARCK, ND - June 2, 2011 - (RealEstateRama) -- Six North Dakota teams recently attended a Supportive Housing Academy sponsored in part by the North Dakota Housing Finance Agency (NDHFA) and the North Dakota Coalition for Homeless People (NDCHP). Led...

PORTLAND, OR - June 2, 2011 - (RealEstateRama) -- Oregon's Senator Jeff Merkley issued the following statement on news that home prices have fallen to their lowest level since the collapse of the housing market

CHICAGO, IL - June 2, 2011 - (RealEstateRama) -- Uncertainty surrounding healthcare reform, a constrained capital environment and intense cost-containment demands represent the triple threat that put healthcare growth and construction on life support for the past several years. But since early 2011, improved liquidity in the capital markets and an increasing desire to enact a thoughtful, well-planned approach to meeting future demands are producing new signs of life, according to Jones Lang LaSalle’s Healthcare Solutions group and its Healthcare Real Estate Spring Outlook

MORRISTOWN, N.J - June 2, 2011 - (RealEstateRama) -- 40 Park’s brand new, fully-furnished Penthouse model is now open. The spectacular new Penthouse features sensational views from a magnificent terrace that is ideal for entertaining.