Monthly Archives: July 2011

Miami, FL - July 25, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) announced today the sale of 10825 NW 33rd Street, a 8,885-square-foot industrial building, for $1,275,000. The building was purchased from A DE Q Holdings, Inc. by High Property Group, LLC with intent to occupy the space.

TUSTIN, CA - July 25, 2011 - (RealEstateRama) -- Gregory A. Fisher, President of Present Value Properties, Inc., a full service retail real estate brokerage and consulting firm headquartered in Tustin, Calif., announced today that Ryan Gast has joined Present Value Properties as Associate Broker. He will be responsible for managing and sourcing new retailer and landlord representation assignments. Present Value Properties exclusively represents a variety of chain retailers throughout Southern California including Gold Max, Menchie’s Frozen Yogurt, Southern Pizza Hut, and Payless ShoeSource. The firm currently has 650,000 square feet of retail space listed throughout Southern California

NEW YORK, NY - July 25, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that it has been named the exclusive sales and marketing agent for 109 Gold Street in DUMBO, Brooklyn.

Elgin, IL - July 25, 2011 - (RealEstateRama) -- RE/MAX agents in the northern Illinois real estate market say that homeowners can take several steps to increase their home's appeal both inside and out without spending a fortune. In fact, homeowners can breathe new life into their homes and increase its appeal by spending $100 or less.

Washington, D.C. - July 25, 2011 - (RealEstateRama) -- Today the U.S. Department of Housing and Urban Development and NeighborWorks® America announced that the deadline for the Emergency Homeowners' Loan Program has been extended to Wednesday, July 27, 2011, in order to give homeowners at risk of foreclosure in the participating 27 states and Puerto Rico more time to apply for the program.

EUGENE, OR - July 25, 2011 - (RealEstateRama) -- Miami, Florida's luxury real estate market just became easier to navigate with Cedric Teboul's addition of IDX Broker to his company's website. IDX solution software is now seamlessly integrated onto the D.R.E.A.M. (Dynamic Real Estate Assistance and Management) website Teboul hosts, creating a dynamic and thorough IDX-enabled search page for clients in Miami and surrounding areas. Thousands of detailed Florida listings are updated minute-by-minute to ensure that home seekers experience only the best possible online property search.

BURLINGTON, VT - July 22, 2011 - (RealEstateRama) -- The Vermont Housing Data Website (www.housingdata.org) has added hundreds of Census data including Census 2010 demographic information and detailed estimates on home heating sources and housing cost ...

Washington, DC - July 22, 2011 - (RealEstateRama) -- Congressman Maurice Hinchey (D-NY) today announced that the Poughkeepsie Housing Authority has been awarded $212,520 in federal funds to provide permanent housing for homeless veterans in the Mid Hudson Valley. The funds were awarded through the U.S. Department of Housing and Urban Development (HUD) Veterans Affairs Supportive Housing (VASH) program of which Hinchey is a steadfast supporter

Washington, DC. - July 22, 2011 - (RealEstateRama) -- International law firm Nixon Peabody LLP is pleased to announce that Tatiana Gutierrez Abendschein has been named to the Associate Advisory Council for the National Law Center on Homelessness & Poverty.

WASHINGTON, DC - July 22, 2011 - (RealEstateRama) -- Today Congresswoman Lois Capps (CA-23) and a bipartisan group of her colleagues introduced the PACE Protection Act of 2011 (H.R. 2599) to promote energy efficient upgrades to homes. This bill would prevent federal regulators from adopting policies that disregard established state and local Property Assessed Clean Energy (PACE) laws. The PACE program is designed to allow homeowners an opportunity to lower their utility bills by making energy efficiency improvements to their homes, which would in turn help clean energy businesses sell more of their energy efficient products, expand green manufacturing operations, and create jobs.

Washington, D.C. - July 22, 2011 - (RealEstateRama) -- Rep. Mike Thompson joined with two House Republicans Wednesday in introducing legislation to protect the government-financed home and business energy retrofit programs that have run afoul of federal housing regulators.

Washington, D.C. - July 22, 2011 - (RealEstateRama) -- A government program that helped homeowners finance and install green upgrades before a technical roadblock stalled it last year may be resuscitated by Congress.

Washington, D.C. - July 22, 2011 - (RealEstateRama) -- Rep. Raúl M. Grijalva today highlighted a free workshop on foreclosure prevention and home finance taking place in Tucson on Saturday, July 23. The event is jointly hosted by the Federal Home Loan Bank of San Francisco, Don’t Borrow Trouble Pima County, the City of Tucson, Fannie Mae, Pima County, and the Southwest Fair Housing Council.

SPRINGFIELD, IL - July 22, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in June 2011 totaled 11,003 homes sold, up 12.7 percent from 9,761 sales in May 2011; sales were down 16.3 percent from 13,144 homes sold in June 2010.

SPRINGFIELD, IL - July 22, 2011 - (RealEstateRama) -- The Illinois Association of REALTORS® (IAR) has conducted a thorough review of the city of Chicago median price report program and has identified the cause of inconsistent median price calculations. IAR also employed an outside Certified Public Accounting/Technology firm, Sikich LLP to conduct an independent review of the city of Chicago issue. The findings of both reviews were consistent as to the cause and action necessary to correct methodology.

FRESNO, CA - July 22, 2011 - (RealEstateRama) -- More than half of Central Valley REALTORS® characterized closing short-sale transactions as “difficult” or “extremely difficult,” according to a Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience working with lenders in their most recent transaction. The majority of those surveyed dealt with short-sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner.

BOCA RATON, FL - July 22, 2011 - (RealEstateRama) -- Global Tower Partners (“GTP”) announced today that it closed its $645,000,000 Secured Tower Revenue Notes Global Tower Series 2011-2 on July 7, 2011. The Company issued $490,000,000 Series C Notes (rated A2(sf)/A(sf) by Moody’s and Fitch respectively) and $155,000,000 Series F notes (rated Ba3(sf)/BB-(sf) by Moody’s and Fitch respectively). The notes have a blended coupon of 5.135 percent with a 30-year legal maturity.

Raffles Place, Singapore - July 22, 2011 - (RealEstateRama) -- Petra Ecclestone, the daughter of F1 Supremo Bernie Ecclestone, has bought the Los Angeles home of Amercian film and television producer, Aaron Spelling.

Los Angeles, CA - July 22, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that it has been selected by IndCor Properties, Inc. (IndCor), an affiliate of Blackstone Real Estate Advisors, to provide property management services for a 22 million sq. ft. national industrial portfolio. The appointment comes on the heels of IndCor’s selection of CB Richard Ellis to manage a 4 million sq. ft. industrial portfolio in late 2010.

EUGENE, OR - July 22, 2011 - (RealEstateRama) -- Carol Patterson of Pinnacle Real Estate in Lake Keowee, South Carolina, has adopted the revolutionary IDX Broker software. Now, Patterson can integrate thousands of listings onto her website with a simpl...

WASHINGTON, D.C. - July 22, 2011 - (RealEstateRama) -- The Mortgage Bankers Association released a new, free mobile application today for iPhone and Android devices designed to help perspective homebuyers better navigate the mortgage process.

LITTLE ROCK, AR - July 22, 2011 - (RealEstateRama) -- Franklin County area residents will have a chance to talk with experts in hazard mitigation building techniques July 25 and 26 in Ozark

DENVER, CO - July 22, 2011 - (RealEstateRama) -- RE/MAX recently named Denver-based EquityLock Solutions as an Approved Supplier of Home Price Protection, which helps minimize the risk of real estate price fluctuations within local markets. Through this program, RE/MAX agents in the U.S. would be able to offer their clients this exclusive protection program.

EUGENE, OR - July 22, 2011 - (RealEstateRama) -- San Diego area properties are now conveniently displayed on one easy-to-use website, thanks to the partnership between IDX, Inc. and Brian Long. SANDICOR listings are synced seamlessly to the search page enabled by IDX, creating a comprehensive online database of properties for Long's clients to search. The IDX solution customized to fit the functionality his website has allowed Long to provide his clients and other potential San Diego area buyers with unprecedented access to SANDICOR listings, search tools and other IDX-hosted features

NEW YORK, NY - July 21, 2011 - (RealEstateRama) -- A broker survey conducted by the Real Estate Board of New York (REBNY) for the second quarter of 2011 found that 77 percent believe next quarter’s values and sales will be better than or the same as this quarter. Also, 10 percent more brokers reported closing sales at or above asking price compared to what brokers reported in the second quarter of 2010

WASHINGTON, D.C. - July 21, 2011 - (RealEstateRama) -- In the wake of reports that banks and mortgage processors have continued forging signatures and submitting false affidavits, U.S. Sen. Sherrod Brown (D-OH) wrote to federal regulators urging t...

Trenton, NJ - July 21, 2011 - (RealEstateRama) -- Highlighting the direct relief provided to New Jersey seniors in his Fiscal Year 2012 Budget, Governor Chris Christie today met with senior Sultana Kizides at her home in Perth Amboy to have a conversation about how his budget maintains fiscal discipline while prioritizing and funding core priorities to assist New Jersey seniors

HERNDON, VA - July 21, 2011 - (RealEstateRama) -- NAIOP, the Commercial Real Estate Development Association, today announced that CenterPoint Properties has been selected as the 2011 Developer of the Year.

Washington, DC - July 21, 2011 - (RealEstateRama) -- If regulators get their way, many qualified home buyers in Memphis, Tenn., may be shut out of the market very soon. That’s one of the reasons the National Association of Realtors® will be in town this weekend as part of its Home Ownership Matters Bus Tour.

Northbrook, IL - July 21, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a ground leased Logan’s Roadhouse property located at 3050 Riffel Drive in Salina, KS for $1,446,000