Monthly Archives: July 2011

July 1 30, 2011 - (RealEstateRama) -- Early Friday morning, on the first day of the new fiscal year, Senate Democratic leaders led passage of a budget bill that ensures Connecticut will have a balanced budget for the next biennium. As a result of the failure of the state employee unions to ratify the $1.6 billion concessions package, the General Assembly worked with the Malloy Administration to craft legislation that closes the budget gap—$700 million in the current fiscal year.

Washington, DC - July 1 30, 2011 - (RealEstateRama) -- Senator Dianne Feinstein (D-Calif.) today announced that legislation to spend $35.5 million to address a severe shortage of housing options for homeless veterans in Los Angeles has passed committee and will advance to the full Senate

Washington, DC - July 1 30, 2011 - (RealEstateRama) -- The ability to buy, sell and own property has defined our nation throughout its history, and as the U.S. prepares to celebrate its 235 birthday, Americans continue to reaffirm their support of and aspirations toward home ownership

West Hartford, CT - July 1 30, 2011 - (RealEstateRama) -- Than Merrill gives you a step-by-step action plan for how to get started Wholesaling Real Estate and breaks down his investing business in detail so you can learn exactly how he has bought and sold over 500+ properties in the past 8 years. Unlike many teachers,Than and his team are actually actively investing in Real Estate in markets across the country from California to Connecticut to Florida. Their investing is documented on a hit reality TV show on A&E called "Flip This House."

Weston, WV - July 1 30, 2011 - (RealEstateRama) -- Kristie Stutler can’t stop smiling as she talks about her new home near Jackson’s Mill. Ms. Stutler qualified for loan funds through USDA Rural Development’s rural housing programs last fall. Earlier this year, she found the perfect home for her family.

AUSTIN, TX - July 1 30, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a funding award to a Houston-based nonprofit organization helping eligible persons with disabilities residing in Harris County secure affordable rental housing while working toward personal and financial independence.TDHCA awarded $300,000 in rental assistance funds to Services of the Emergency Aid Resource Center for the Homeless, Inc. (SEARCH) to help an estimated 60 qualifying individuals with their monthly rent payments.

AUSTIN, TX - July 1 30, 2011 - (RealEstateRama) -- Del Valle resident Leticia Leal in May helped make state housing history when she became the first homebuyer assisted through an innovative pilot program offered by the Texas Department of Housing and Community Affairs (TDHCA). The new program provides up to $20,000 in down payment and closing cost assistance in conjunction with a mortgage loan originated through a conventional lender.

AUSTIN, TX - July 1 30, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) used the occasion of June’s national designation as Home Ownership Month to name its “Lenders of the Year” and “Loan Officers of the Year” in recognition of the important role lenders play in helping increase home ownership opportunities for Texans through state-sponsored homebuyer programs.

New York, NY - July 1 30, 2011 - (RealEstateRama) -- The Governor signed the law passed by the Senate on June 24, 2011, and sponsored by Senate Majority Leader Dean G. Skelos. The law caps school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. The new law also includes $127 million in mandate relief savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations

Albany, NY - July 1 30, 2011 - (RealEstateRama) -- Governor Andrew M. Cuomo today traveled to Westchester 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

Clifton, NJ - July 1, 2011 - (RealEstateRama) -- Ankit Duggal, Founder of RER, LLC, a real estate investment and consulting company, sits down with Judson Voss of “Get Real REI” to share the ups and downs of launching your own business and divulges how he went from below zero revenue to managing millions in investment funding.

COLTON, CA - July 1, 2011 - (RealEstateRama) -- Inland Empire-based Hodgdon Group, a full-service real estate brokerage, development and construction team, announced today that it has completed the conversion of the former Wickes Furniture building at the Centre Pointe Marketplace in Santa Clarita, Calif., for the opening of an Ashley Furniture HomeStore on July 1, 2011.

KEARNY, N.J. - July 1, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group has arranged the sale of 670 Belleville Turnpike, a 211,000-square-foot, single-story industrial building within Saw Mill Park. Seller Saw Mill Park, LLC, an affiliate of Carlstadt, N.J.-based Russo Development, was represented by the Cushman & Wakefield team of Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Stan Danzig, Jules Nissim, Stephen Elman, and Catherine Bounczek. San Francisco, California-based buyer Terreno Realty Corporation was represented in-house by Andrew Burke, Senior Vice President.

Northbrook, IL - July 1, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Pamida property located at 1500 East Sheridan Street in Ely, MN for $2,650,000.

WASHINGTON, DC - July 1, 2011 - (RealEstateRama) -- The Center for Housing Policy launches a new column this month by Executive Director Jeffrey Lubell. The monthly column, Moving Forward, offers perspectives on the government role in housing and on broader housing market trends likely to shape future housing policy. The column will publish to the National Housing Conference’s Open House Blog, where the first installment is available now

Herndon, VA - July 1, 2011 - (RealEstateRama) -- The Institute for Building Technology and Services (IBTS) today opened its new Municipal Services Center on Sullivan Road which will be the hub for public service delivery to the city's 27,000 residents.

WASHINGTON, D.C. - July 1, 2011 - (RealEstateRama) -- The Research Support Facility (RSF) located on the campus of the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) has been certified LEED® Platinum for New Construction by the U.S. Green Building Council (USGBC), a non-profit organization dedicated to sustainable building design and construction.

July 1, 2011 - (RealEstateRama) -- Time is running out to submit your nominations for the 2011 Ad Astra Awards for Excellence in Housing and Community Development. The Ad Astra Awards recognize housing and community development trail blazers who consis...

Northbrook, IL - July 1, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased ConocoPhillips property located at 10 S. Randall Road in Algonquin, IL for $5,176,000.

Providence - July 1, 2011 - (RealEstateRama) -- The Community Builders and YouthBuild USA today announced an innovative partnership in Providence that will provide opportunities for low-income young people enrolled in local YouthBuild programs to build and renovate affordable housing and pursue careers in the real estate industry. Providence Mayor Angel Taveras, U.S. Senator Jack Reed, and U.S. Congressman David Cicilline, along with students and local and national YouthBuild leaders, spoke at the event announcing the partnership.

SHELTON, CT - July 1, 2011 - (RealEstateRama) -- A one-of-a-kind mix of classic style, smart energy-efficient features and luxurious amenities have helped propel steady sales at Shelton’s new Cranberry Hill Estates as phase two of construction at the Armstrong Road community continues, reports John Tarducci, Senior Vice President of the New Homes Division at William Raveis Real Estate, Mortgage & Insurance.

WASHINGTON, D.C. - July 1, 2011 - (RealEstateRama) -- ForeclosureListings.com has noticed falling and rising trends in foreclosures in recent months. Why? When the supply of homes outweighs the demand for them, the prices shrink. When the values are attractive enough to investors with enough money to withstand the smaller return on the investment, the supply is reduced and the prices sustain at a present level until the next surge of depressed properties are on the market available at discounted prices.

EUGENE, OR - July 1, 2011 - (RealEstateRama) -- With new agents and brokers adding customizable IDX solutions daily, IDX, Inc. is pleased to welcome Christine Lewis to the ever-expanding network of real estate professionals who have enhanced the online property search capabilities they host online. IDX Broker software now seamlessly integrates San Diego Regional MLS (SANDICOR) listings directly onto the website Lewis supports. A thorough and comprehensive IDX enabled search page allows San Diego, California home seekers to quickly and easily find the property of their dreams without leaving the convenience of the website of Lewis.

WASHINGTON, DC - July 1, 2011 - (RealEstateRama) -- The Federal Housing Administration (FHA) today published updated condominium policy guidelines and instructions that clarify the approval and recertification process and policies for condo projects. FHA's mortgagee letter includes a Condominium Policy Guide and Implementation Schedule identifying timelines for lenders to comply with the guidelines