Monthly Archives: July 2011

NEW YORK, NY - July 12, 2011 - (RealEstateRama) -- Cushman & Wakefield today announced it has been retained as the exclusive retail leasing agent for “The Corner at Wall Street,” a 178,000-square-foot block of prime retail space located at 23 and 35 Wall Street and 15 Broad Street in downtown Manhattan’s Financial District.

Lake Worth, FL - July 12, 2011 - (RealEstateRama) -- Israel-based group, PC Townhomes, LLC, purchased Palm Club Apartments for $7.8 million. With 160 units, the price paid for the Lake Worth townhome community amounted to $48,750 per unit.

Dallas, TX - July 12, 2011 - (RealEstateRama) -- Global architecture, planning and design firm RTKL has promoted three of its healthcare leaders – Dallas-based Debbie Cameron and Donald R. DeBord Jr., AIA, and Washington D.C.-based Jeffrey Davenport, AIA – to senior vice president.

PARSIPPANY, N.J - July 12, 2011 - (RealEstateRama) -- 40 Park, the luxury residential community in downtown Morristown, NJ, was honored with five awards at the Community Builders & Remodelers Association of New Jersey’s (CBRANJ) annual awards dinner held recently at the Sheraton Hotel in Parsippany. The new awards contributed to what has been a banner year for 40 Park, which has already earned dozens of prestigious regional and national accolades.

WASHINGTON, D.C. - July 12, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) issued the following statement following remarks by Congressman Barney Frank (D-MA) this morning at the National Press Club.

JERSEY CITY, NJ - July 12, 2011 - (RealEstateRama) -- Some of the best purchasing opportunities are now available at Crystal Point in downtown Jersey City which has already sold an impressive 75% of its upscale condominium homes. According to developer Fisher Development Associates, the many homes in the current inventory at the magnificent 42 story building directly on the Hudson River offer all the attributes that have led Crystal Point to the most successful sales program in Hudson County in recent memory – value-packed pricing from the upper-$500,000s, unobstructed views of the ever changing Manhattan skyline and Hudson River, easy access to a host of world-class on-site amenities and a key location in close proximity to major public transportation.

BAYONNE-, N.J. - July 12, 2011 - (RealEstateRama) -- A free shuttle service directly to and from the Liberty State Park Light-Rail Station and Grove St. PATH Station further distinguishes Alexan CityView from the marketplace by significantly enhancing the upscale urban lifestyle at the collection of 544 rental homes located on a sprawling waterfront site at the Peninsula at Bayonne Harbor.

Washington, D.C. - July 12, 2011 - (RealEstateRama) -- On the morning of July 11, the Subcommittee on Capital Markets and the GSEs of the House Financial Services Committee will vote on the latest series of bills to dismantle Fannie Mae and Freddie Mac.

WASHINGTON, DC - July 12, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with Fidelity National Financial, Inc. (FNF) to settle allegations the title company paid real estate brokers and other settlement service providers improper kickbacks or referral fees in violation of the Real Estate Settlement Procedures Act (RESPA). Read the full text of the agreement announced today.

Destin , FL - July 12, 2011 - (RealEstateRama) -- An overwhelming majority of respondents surveyed feel that the foreclosure crisis is directly affecting their neighborhoods in the U.S., according to a new Housing Predictor poll. That’s the way Americans feel about the massive foreclosure crisis, which has forcibly taken the homes of more than 7-million U.S. homeowners and is forecast to force at least another 8 million homeowners out of their homes. An estimated 4 million residential properties are currently either in the formal foreclosure process or are more than 60 days in default on mortgages.

New York, NY - July 11, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has appointed Natalie Baghdadi as associate broker of the Bracha Group.

WEST ORANGE, N.J. - July 11, 2011 - (RealEstateRama) -- Townhomes at Vizcaya, the luxury residential community in West Orange, are becoming a popular option for a wide variety of individuals because of the flexibility they offer. They are ideally suited for families, couples and many others who are looking for a luxury living experience. The most recent group to purchase multiple townhomes at Vizcaya is the young downsizer. These are families with high school and college-age children who are looking for a more manageable residence than a single-family home in addition to the upscale lifestyle of a private community, but still want the space and privacy a private home offers.

Providence, RI - July 11, 2011 - (RealEstateRama) -- Governor Lincoln D. Chafee today signed into law H 5994 and S 0114: “An Act Relating to Public Property and Works,” authorizing the sale of surplus property in the I-195 area and establishing...

Washington, D.C. - July 11, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced its support for the federal "Safe Building Code Incentive Act" (H.R.2069), introduced by U.S. Rep. Mario Diaz-Balart, R-Fla., which would make states with national model building codes in place eligible for an additional four percent in relief funding after natural disasters. If enacted, the bill would serve to encourage states to head off disaster damage before it happens by requiring that homes meet nationally recognized standards.

New York, NY - July 11, 2011 - (RealEstateRama) -- The Clinton Giustra Sustainable Growth Initiative (CGSGI) announced today the signing of agreements with SENA and CAMACOL Bogotá and Cundinamarca (CAMACOL B&C) that establish the first on-site job training and certification program for construction workers in Colombia. CGSGI will develop a portable, on-site training facility in the Ciudad Verde ("Green City") low-income housing development in Soacha, Cundinamarca, near Bogotá, the capital of Colombia to offer free training and certification for 5,000 construction workers. The on-site training program will utilize courses developed by SENA, the National Learning Service of Colombia, and trainees will be evaluated by CAMACOL B&C, the Colombian Chamber of Construction. Workers will receive certifications from SENA for the competencies in which they have been trained.

LOS ANGELES, CA - July 11, 2011 - (RealEstateRama) -- Six Los Angeles County residents have been charged for their roles in a mortgage fraud scheme that used fraudulent loan applications and supporting documents to convince lenders to fund approximately 20 loans that resulted in approximately $4 million in losses.

BOSTON , MA - July 11, 2011 - (RealEstateRama) -- MassHousing announced today that it has closed a $1.759 million loan for the Homes at Easthampton Meadow, the third and final phase of a mixed-income, multi-generational housing community for seniors and families with foster or pre-adoptive children.

Boston, MA - July 11, 2011 - (RealEstateRama) -- On June 20, the Department of Housing and Community Development (HUD) made funding available to help homeowners avoid foreclosure. The funding program – the Emergency Homeowners’ Loan Program (EHLP) – will provide much-needed funds for homeowners who have lost their job or experienced an involuntary decline in income. Homeowners who have received a foreclosure notice may be eligible for a deferred payment loan that will allow them to pay loan arrearages, back taxes and up to 24 months of mortgage payments. The EHLP loans will be two-year, no interest, forgivable loans. Eligible families must make less than 120 percent of the median income.

LITTLE ROCK, AR - July 11, 2011 - (RealEstateRama) -- Housing inspectors from the Federal Emergency Management Agency (FEMA) have started visiting disaster-damaged homes in Franklin and Johnson counties as an early step in rushing assistance to elig...

NEWARK, N.J. - July 11, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc. has been named exclusive leasing agent for Liberty Logistics Center, a 191,000-square-foot industrial property at 158 Mount Olivet Avenue in Newark. Stephen Elman, Jules Nissim and Robert Adams of the commercial real estate services firm’s East Rutherford, N.J., office are handling the assignment on behalf of Prologis, the building’s owner. The team currently is marketing a 41,000-square-foot availability.

El Segundo, CA - July 11, 2011 - (RealEstateRama) -- Partner Engineering and Science, Inc. reports increasing activity in due diligence for sales of REO and non performing loans by banks, announced company President Joe Derhake. This significant jump in activity is yet another indication that the market appears to have bottomed, says Derhake. Many lenders kept these assets on balance sheet for fear of taking losses in a declining market. The increase in REO sales suggests that the brighter tomorrow that both lenders and opportunistic investors have been waiting for may have finally dawned

NEW YORK, NY - July 11, 2011 - (RealEstateRama) -- With an intense focus on conquering the nation's employment crisis, the National Urban League has opened registration for its Conference, "Jobs Rebuild America" - four days of dialogue, workshops and forums on jobs, education reform, wellness and housing at the Boston Convention and Exhibition Center July 27-30.

CLIFTON, N.J. - July 11, 2011 - (RealEstateRama) -- The list of prominent real estate industry leaders signing up to participate in the 2nd Annual Lease For A Cure program continues to grow with nine new companies joining the fundraising effort in which participants donate to the Cure Breast Cancer Foundation (CBCF) for every new lease and renewal signed at their rental communities this October.

Brea, CA - July 11, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., takes a step in its strategy of investing in new Southeastern U.S. markets by selling The Brea Center in Brea, Calif. The 56,945-square-foot retail center at 719-96 Brea Blvd., sold to Gerrity Atlantic Retail Partners, LLC, for $14.5 million.

Washington, D.C. - July 11, 2011 - (RealEstateRama) -- Today, the Obama Administration launched Strong Cities, Strong Communities (SC2), a new and customized pilot initiative to strengthen local capacity and spark economic growth in local communities, while ensuring taxpayer dollars are used wisely and efficiently. To accomplish this, federal agencies will provide experienced staff to work directly with six cities: Chester, PA; Cleveland, OH; Detroit, MI; Fresno, CA; Memphis, TN; and New Orleans, LA. These teams will work with local governments, the private sector, and other institutions to leverage federal dollars and support the work being done at the local level to encourage economic growth community development.

Santa Rosa, CA - July 8, 2011 - (RealEstateRama) -- It was announced that hybridCore Homes and Champion Home Builders have signed an agreement to begin marketing hybridCore Homes designs. These designs have been created with an innovative Core that is built in a factory with the rest of the home built by conventional methods at the home site. The Core consists of the complex portions of the home that include complete kitchens, baths and laundry areas as well as the heating system. Once the Core is placed on the foundation, construction crews build the balance of the home around it. “This method increases quality, cuts construction time in half, and creates meaningful cost savings at the same time”, stated Shaun Faber, Co-founder and managing partner of hybridCore Homes.

Las Vegas, NV - July 8, 2011 - (RealEstateRama) -- A recent report released by IMS Advanced Realty Data Services named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010. According to the report, The Myers Team with the Caliber Realty Group has closed more short sale transactions than any Realtor or Broker in Las Vegas. The Myers Team is nationally recognized as one of the most influential figures in real estate today. According to Myers Team owner, Bill Myers, “Surrendering a home worth half of what you owe is NOT a failure, it's a business decision. A short sale is an opportunity for you and your family to take control and walk away free and clear. Nobody wants to lose their home; however, loan modification doesn’t work and there is no need to go down with a sinking ship

COLUMBUS, OH - July 8, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) was recently selected by the U.S. Department of Housing and Urban Development (HUD) to serve as the Project Based Contract Administrator (PBCA) for Section 8 pr...

BISMARCK, ND - July 8, 2011 - (RealEstateRama) -- The North Dakota Housing Finance Agency (NDHFA) has awarded more than $4.2 million through the federal Neighborhood Stabilization Program for the redevelopment of foreclosed, abandoned or vacant propert...

DENVER, CO - July 8, 2011 - (RealEstateRama) -- HomeSteaders, the auxiliary support group for the non-profit Family HomeStead organization, will host its Fourth Annual LoDo Loft Tour on Sunday, July 24, 2011 from 2-5 p.m. Family HomeStead provides ...