Monthly Archives: July 2011

Washington, DC - July 7, 2011 - (RealEstateRama) -- The long-term viability of America’s housing finance market requires comprehensive reform of the secondary mortgage market. Toward that end, the National Association of Realtors® supports H.R. 2413, the “Secondary Market Facility for Residential Mortgage Act of 2011.”

CHICAGO, IL - July 7, 2011 - (RealEstateRama) -- The U.S. office market absorbed more space in the second quarter of 2011 than it had in the previous four quarters, which illustrates a clear sign that the U.S. office market is in a full recovery. In the second quarter of 2011, the U.S. office market achieved the greatest amount of quarterly absorption since the fourth quarter of 2007 with nearly 11 million square feet absorbed during the three months and nearly 14 million square feet absorbed in the first half of 2011, according to Jones Lang LaSalle’s Second Quarter 2011 United States Office Outlook. Jones Lang LaSalle’s quarterly outlook tracks 43 U.S. markets and provides an overview of supply and demand, pricing conditions, a statistical analysis and an outlook on future performance.

WASHINGTON, D.C. - July 7, 2011 - (RealEstateRama) -- Mortgages servicers should be required to give every mortgage holder “a good-faith review of foreclosure alternatives” before taking steps to take his or her home, CRL president Michael Calhoun told Congress today.

NEW YORK, NY - July 7, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that overall average asking rental rates increased and overall vacancy rates decreased in every building class and every submarket of Manhattan's office market in the second quarter of 2011. Class A buildings in Midtown and Midtown South posted gains in rents while Class B product in both submarkets saw rates fall slightly.

New York, NY - July 7, 2011 - (RealEstateRama) -- 184 Kent, the luxury residential rental that opened on Williamsburg’s waterfront one year ago, has recently secured a tenant for 8,000 square feet of ground floor retail space. The space was leased by The River School, a childcare and educational facility that will open at 184 Kent in 2012.

EUGENE, OR - July 7, 2011 - (RealEstateRama) -- The ever-expanding network of agents and brokers has grown larger once again, through the partnership of IDX, Inc. and Sevak Khatchadourian. IDX Broker software is now seamlessly integrated onto the website Khatchadourian hosts, creating a dynamic and thorough IDX enabled search page for the clients of Khatchadourian. California Real Estate Technology Services (CARETS) listings have never been easier to search through, thanks to the innovative IDX solution Khatchadourian has synced to his page. Thousands of detailed Beverly Hills, California listings are updated minute-by-minute to ensure that home seekers experience only the best possible online property search.

Northbrook, IL - July 7, 2011 - (RealEstateRama) -- The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 2nd quarter activity in the National Net Lease Market

WASHINGTON, D.C. - July 6, 2011 - (RealEstateRama) On Tuesday, July 5, 2011, the Mortgage Bankers Association (MBA) submitted the attached comment letter to Elizabeth Warren, Assistant to the President and Special Advisor to the Treasury Secretary urging the Bureau of Consumer Financial Protection to meet with key stakeholders as soon as possible on the second set of prototypes integrating Real Estate Settlement and Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures released by the Bureau of Consumer Financial Protection (Bureau) on June 27, 2011

July 6, 2011 - (RealEstateRama) -- Gloria Nilson, REALTORS®, Real Living, the preeminent high-end real estate brokerage in central New Jersey, announced today the appointment of Casey Jones as director of its Elegant Homes International division. With more than 35 years of real estate sales growth and brand marketing experience, Jones joins Gloria Nilson’s executive team where he will assist its real estate agents with the day-to-day efforts of servicing existing clients and generating new business for all associates. An expert in sales positioning and market presence, Jones’ ambition is to increase the firm’s presence and build a successful, customer service-driven real estate boutique office in the Princeton marketplace.

WASHINGTON, DC - July 6, 2011 - (RealEstateRama) -- Homeowners living in Cameron, Orleans, Plaquemines, and St. Bernard Parishes may be eligible for additional compensation under the Louisiana’s Road Home Program under the terms of a settlement agree...

Mooresville, NC - July 6, 2011 - (RealEstateRama) -- Langtree Real Estate Group announces brokerage operation in Mooresville. "We are very enthusiastic about launching this new venture" says Brad Howard, Langtree Real Estate Group's President & Principal. "Our focus is to offer the region increased value and services. The key difference in our approach compared to other real estate companies is our vested interest in the area. Our extensive work in land development gives us a unique understanding of this region. We are confident there is no one better positioned to provide such services to the Lake Norman Region as Langtree Real Estate Group."

July 6, 2011 - (RealEstateRama) -- Federal tax credits and other financing awarded last week to build affordable apartments is expected to support 6,900 jobs statewide. More than $300 million in development will result from the federal tax credit...

Albany, NY - July 6, 2011 - (RealEstateRama) -- Governor Andrew M. Cuomo today traveled to Monroe County to sign New York's first property tax cap.. The tax cap, a hallmark of Governor Cuomo's campaign and a priority of his administration's first year, will finally deliver relief to millions of homeowners and business owners across the state who for too long have been burdened by out-of-control property taxes.

MEMPHIS, TN - July 6, 2011 - (RealEstateRama) -- In its June Board of Directors Meeting, the Memphis Area Association of REALTORS® voted to give a $7,500 donation to the REALTORS® Relief Foundation. The action comes in response to a stormy spring in ...

NEW YORK, N.Y. - July 6, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that the first phase of a two-building development, Windows on 123 Apartments, a premier luxury condominium development in Harlem, is sold out and that the launch of sales has begun at Windows on 123 Lofts, the development’s nearby sister property.

28th District of Texas, TX - July 6, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development’s (HUD) Emergency Homeowners’ Loan Program announced assistance for homeowners in Texas who have experienced a substantial loss of income (a reduction of at least 15 percent) due to unemployment, underemployment or a medical condition that has caused people to fall behind on payments.

BATON ROUGE, LA - July 6, 2011 - (RealEstateRama) -- Today, Governor Bobby Jindal signed Senate Bill 269 by Senator Neil Riser, creating the Louisiana Housing Corporation, a consolidated organization for the state’s housing policy and programs. Th...

EUGENE, OR - July 6, 2011 - (RealEstateRama) -- IDX, Inc. and Chris Cooke are revolutionizing the Redwood City, California real estate search, by enabling IDX Broker software onto the website Cooke hosts. As a broker, Cooke presents area listings with ease and simplicity on his IDX enabled website. MLSListings properties are synced to the search page Cooke hosts, creating a thorough, comprehensive and dynamic online database of local listings. By integrating IDX Broker software on his website, Cooke has transformed the online real estate marketplace for his clients and his own business

WASHINGTON, D.C. - July 6, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2011. First quarter data on the commercial real estate markets show the natural effects of the turn of the real estate cycle. Broader economic indicators were positive in the first quarter, but provided less of a tail wind to commercial real estate markets than they might have. Despite this softness, real estate fundamentals have stabilized and are beginning to show signs of mending. Transaction volumes are picking up, and pricing and loan performance are showing initial signs – inconsistent though they are – of improvement. Any pick-up in economic growth will speed the healing; any slowdown will draw out the cycle

Columbia, MO - July 6, 2011 - (RealEstateRama) -- Eligible tornado survivors unable to find other forms of housing will soon be able to occupy temporary housing in two community sites beginning construction south of the Joplin Regional Airport. City of Joplin and Federal Emergency Management Agency officials, with the Corps of Engineers, conducted a briefing Tuesday, July 5, on land just south of the Joplin Regional Airport, off Highway 171. On that field, the agency will construct two mobile home communities that could accommodate up to 346 manufactured housing units

Washington, DC - July 6, 2011 - (RealEstateRama) -- Most Americans still believe that owning a home is a solid financial decision, and a majority of renters aspire to home ownership as a long-term goal. According to the 2011 National Housing Pulse Survey released today by the National Association of Realtors®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from 63 percent in 2010.

Phoenix, AZ - July 6, 2011 - (RealEstateRama) -- RE/MAX Excalibur Realty, RE/MAX Fine Properties and RE/MX Professionals, three of the most successful real estate companies in Arizona, have ranked among the top residential real estate brokerages in the state based on “The List” survey published annually by the Phoenix Business Journal.

FRANKFORT, KY - July 6, 2011 - (RealEstateRama) -- The Kentucky Department of Revenue has set the 2011 State Real Property Tax Rate at 12.2 cents per $100 of assessed value – the same rate as last year. Kentucky Revised Statute 132.020 requires t...

TOPEKA, KS - July 6, 2011 - (RealEstateRama) -- Kansas Housing Resources Corporation (KHRC) is pleased to announce the launch of its new website, www.kshousingcorp.org. The revamped site offers a fresh, clean design, streamlined navigation, new search ...

Seattle, WA - July 6, 2011 - (RealEstateRama) -- Join the Seattle City Council's Housing, Human Services, Health, and Culture Committee on Thursday, July 7 for a walking tour of the "Nickelsville" homeless person's encampment. This tour will continue ...

MEMPHIS, TN - July 6, 2011 - (RealEstateRama) -- Memphis-area home sales for June rose 4.5 percent from a year ago, with 1,612 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Existing home sales we...

Beacon Commercial Real Estate - July 6, 2011 - (RealEstateRama) -- Taylor Young of Beacon Commercial Real Estate, LLC represented the landlord, BioMed Realty Trust, Inc., in leasing 11,185 square feet of office space to Ferrandino & Son, Inc. at 2600 Eisenhower Avenue, Valley Forge, Pennsylvania.

Torrance, CA - July 6, 2011 - (RealEstateRama) -- Markus Ashley of Keystone Pacific Property Management has returned to the Temecula office as a senior community association manager. “Markus brings a high level of experience to our Temecula office and will be a valuable addition to the Keystone Pacific team,” said Denise Bergstrom, vice president of association management of Keystone Pacific Property Management.

NEW YORK, NY - July 6, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a renewal and expansion totaling 18,050 square feet for 650 Fifth Avenue Co. with Integrated Media Solutions LCC at 650 Fifth Avenue. The direct response media and analytics firm signed a renewal transaction for 11,289 square feet and a lease expansion for 6,761 square feet at the Class A, 395,000-square-foot office building.

HOUSTON, TX - July 6, 2011 - (RealEstateRama) -- Claymon “Butch” Trammell, along with his wife, Jeannettea Williams, and daughter, Michelle Trammell, have all pleaded guilty to conspiracy to commit wire fraud for their roles in a multi-million-dollar mortgage fraud scheme, United States Attorney José Angel Moreno announced today. The three residents of Houston entered their pleas yesterday in federal court before United States District Court Judge Vanessa Gilmore.