Monthly Archives: August 2011

BARNEGAT, N.J. - August 5, 2011 - (RealEstateRama) -- Walters Group, a leading residential and commercial real estate developer, has announced that it has promoted Carrie Adragna of Manahawkin to community manager of Atlantic Heights at Barnegat, a luxury apartment community in southern Ocean County.

WASHINGTON, DC - August 5, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the July edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest housing data offer continued mixed signals as home prices improved slightly but showed continued strain from foreclosures and distressed homes. Also, as more homeowners secure mortgage relief, fewer borrowers entered the foreclosure pipeline in June. The full report is available online at www.hud.gov/scorecard.

DENVER, CO - August 5, 2011 - (RealEstateRama) -- Liz Richards and Deviree Vallejo, leading real estate professionals with Kentwood City Properties, will co-host the Fourth Annual Highlands Modern Home Tour on Saturday, August 20, 2011 from 1:00-4:0...

LOS ANGELES, CA - August 5, 2011 - (RealEstateRama) -- More REALTORS® characterized closing short-sale transactions as “difficult” or “extremely difficult” than late last year, indicating that lenders’ and servicers’ short-sale procedures have shown little improvement in the past six months, according to the latest Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

Washington, DC - August 5, 2011 - (RealEstateRama) -- AARP, Mehri & Skalet and Kerr & Wagstaffe today filed a class action on behalf of reverse mortgage borrowers and their survivors designed to head off illegal foreclosures and evictions.

WASHINGTON, DC - August 5, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the July edition of the Obama Administration's Housing Scorecard - a comprehensive report on the nation's housing market. The latest housing data offer continued mixed signals as home prices improved slightly but showed continued strain from foreclosures and distressed homes.

WEST ORANGE, N.J. - August 5, 2011 - (RealEstateRama) -- In preparation for the launch of two new furnished models on the north side of the property this fall, Vizcaya, the luxury residential community in West Orange, NJ, has moved its sales center. The sales center is now located in the furnished model of the community’s Maisonette home, which gives home buyers a chance to see a unique floor plan that combines the best aspects of penthouse and brownstone living.

EUGENE, OR - August 5, 2011 - (RealEstateRama) -- Doug Taber, Jr. continues to bring modern technology to his clients with the addition of IDX Broker, Inc. to the Taber Realty, Inc. website. IDX Broker software is the most highly customizable product of its kind, providing prospective home buyers with the most comprehensive real estate search on the web. This technology will enable seamless integration with local realtors' Multiple Listing Service (MLS) systems, allowing Taber to service Taber Realty clients searching for property in Moosup, Connecticut and beyond

EUGENE, OR - August 5, 2011 - (RealEstateRama) -- Eric Lichtenheld and IDX, Inc. have joined forces to bring thousands of Tuscon MLS (TAARMLS) listings to the fingertips of online Arizona home seekers. As a member of the TAARMLS, Lichtenheld has long had access to thousands of Pima County area listings. Now, his clients can experience the same levels of accessibility, once reserved only for agents and brokers, conveniently on the website Lichtenheld hosts. His custom IDX solution has forever changed the way his clients search for homes around Tuscon, Arizona

BEDMINSTER, NJ - August 4, 2011 - (RealEstateRama) -- The New Jersey Chapter of NAIOP, the commercial real estate development association, has opened registration for the NAIOP NJ Jeffrey J. Siegel Golf Classic, to be held September 19 at Trump National Golf Club in Bedminster.

New York, NY - August 4, 2011 - (RealEstateRama) -- Cogswell Realty, LLC, a Manhattan-based real estate firm that owns, manages and develops commercial and residential properties in the New York Metropolitan Area, and Halstead Property Development Marketing today announced the launch of sales at 2130 Adam Clayton Powell, a new residential development in Harlem

WASHINGTON, D.C. - August 4, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) today supported the introduction of S. 1508, the Homeownership Affordability Act of 2011, a bill that will allow the Federal Housing Administration (FHA), Government Sponsored Enterprises (GSE) and the Veterans Administration (VA) to insure home loans at their current maximum levels until December 31, 2013. The Senate bill joins similar efforts in the House to extend the current limits, which are set to expire September 30, 2011.

CHICAGO, LONDON, SINGAPORE - August 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle’s new Global Market Perspective, which assesses the impact of economic forces on the world’s major real estate markets quarterly, reveals that despite some economic uncertainties global real estate markets have continued on a resilient recovery path during the second quarter.

Washington, DC - August 4, 2011 - (RealEstateRama) -- As the National Association of Realtors® Home Ownership Matters bus crosses Missouri this week, a stop in Joplin, Mo., today will underscore Realtors®’ commitment to rebuilding the local community.

NEW YORK CITY, N.Y. - August 4, 2011 - (RealEstateRama) -- A consortium led by Hudson Realty Capital LLC, a Manhattan-based real estate fund manager, has won the FDIC Small Investor Program (SIP) RADC structured-sale. The group acquired a $139 million Colorado portfolio of 97 acquisition, development and construction (ADC) loans in partnership with the Federal Deposit Insurance Corporation (FDIC). Hudson is partnering with Soundview Real Estate Partners of Stamford, Conn., and JCR Capital Investment Corp. of Denver, Col., in the joint acquisition.

WASHINGTON, DC - August 4, 2011 - (RealEstateRama) -- Apartment market conditions continue to improve across the board, according to the National Multi Housing Council's (NMHC) latest Quarterly Survey of Apartment Market Conditions.

NEW YORK, NY - August 4, 2011 - (RealEstateRama) -- ADG Langsam and Halstead Property Development Marketing announced today that 27 contacts have gone out in just seven weeks at ONE48, a new residential condominium located at 148 East 24th Street. With 11 contracts fully executed, 20% of the building’s units have been sold in just nine weeks on the market, signaling that the development’s offering plan has been declared effective by The New York State Attorney General’s Office.

Washington, DC - August 4, 2011 - (RealEstateRama) -- Second quarter 2011 commercial and multifamily mortgage loan originations were 107 percent higher than during the same period last year and 52 percent higher than the revised figures for the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

New York, NY - August 4, 2011 - (RealEstateRama) -- SL Green Realty Corp. (the "Company") (NYSE: SLG) announced today that the Company, SL Green Operating Partnership, L.P., the Company's operating partnership, and Reckson Operating Partnership, L.P., as co-obligors (collectively, the "Co-Obligors"), priced $250.0 million aggregate principal amount of 5.00% senior notes due August 15, 2018 (the "Notes"). The offering is expected to close on August 5, 2011, subject to customary closing conditions

Washington, D.C. - August 4, 2011 - (RealEstateRama) -- Today NeighborWorks America awarded $34.9 million in grants to 115 local NeighborWorks organizations to finance the rehabilitation of affordable housing nationwide, including smaller and rural communities with affordable housing needs, and create more than 1,000 jobs

New York, NY - August 4, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has hired Carolina Tejada as a licensed real estate salesperson.

EUGENE, OR - August 4, 2011 - (RealEstateRama) -- Today, Del Barber, Jr., 46, of Bend, Oregon, was sentenced by U.S. District Court Judge Michael R. Hogan to 15 months in prison for mortgage fraud and health care fraud and was ordered to pay over $200,...

NEW YORK, N.Y. - August 3, 2011 - (RealEstateRama) -- Hudson Realty Capital LLC, based in New York City, has provided $13.1 million in note acquisition financing ultimately secured by a power retail center located in central Mississippi. “Although several finance companies maintain that they offer note-acquisition financing, Hudson has actually been funding many of these transactions during the last 12 months. Past experience in this area is imperative since these deals are very dynamic and can take numerous unexpected twists and turns,” said Spencer Garfield, managing director. “Hudson has developed a comprehensive program to offer our borrowers the flexibility they need to effectuate their business plan while giving us the security we require.”

Tampa, FL - August 3, 2011 - (RealEstateRama) -- To create jobs in the Tampa Bay region, we must reinvigorate our efforts to heal the housing market, Congresswoman Kathy Castor said today as she sent a letter to the White House. Following up on a recent discussion with President Obama, Castor’s letter contains suggestions to tackle the housing crisis in Florida and the nation. Castor outlined viable ways to spur the housing market, help distressed homeowners, improve property values and, as a result, help our community and our country’s economy toward more jobs and economic recovery.

August 3, 2011 - (RealEstateRama) -- Senate Majority Leader Martin Looney (D-New Haven / Hamden) joined state elected leaders, officials with Operation Fuel and the Connecticut Association for Community Action (CAFCA) at a news conference to urge Congress to protect the federal Low Income Home Energy Assistance Program (LIHEAP).

NEW YORK, N.Y. - August 3, 2011 - (RealEstateRama) -- Sabey Data Center Properties has acquired a principal condominium interest encompassing 29 floors of the 32-story building at Manhattan's 375 Pearl Street, commonly known as the Verizon Building, for $120 million. Sabey was represented in the transaction by Sean Brady of the East Rutherford, N.J. office of Cushman & Wakefield, Inc., and Jeffrey Heller of the firm's Midtown New York office. Youngwoo & Associates, Sabey’s local partner, was represented by Ron Solarz of Eastern Consolidated. Sellers M&T Bank and Taconic Investment Partners were represented by C.B. Richard Ellis.

August 3, 2011 - (RealEstateRama) -- On August 1, 2011, a powerful partnership was launched between Lowe's Commercial Services, the NAHB Research Center, and G Street. The program is targeted specifically to those currently remodeling at least ten homes annually that are pre-1980, with a scope of work that often includes landscape and mechanical

N.J. - August 3, 2011 - (RealEstateRama) -- Cushman & Wakefield released midyear 2011 statistics for the U.S. industrial market that show the overall vacancy rate for New Jersey has declined. At the same time, the overall vacancy rate for the U.S. has declined to a two-year low.

NEWARK, NJ - August 3, 2011 - (RealEstateRama) -- Continuing the State’s on-going efforts to thwart fraudulent “mortgage loan modification” enterprises, Attorney General Paula T. Dow and the State Division of Consumer Affairs filed administrative actions against seven businesses for illegally offering mortgage modification services to homeowners in dire financial straits. State law requires that anyone providing these services in New Jersey be licensed as a Debt Adjuster by the Department of Banking and Insurance, or be otherwise authorized.

Arlington, VA - August 3, 2011 - (RealEstateRama) -- As the United States continues to deal with a still-struggling economy, it might be easy to assume that all of the housing industry is part of the same scenario. However, industry leaders such as Thayer Long, president and CEO of the Manufactured Housing Institute (MHI), believe manufactured housing is a key economic solution for present and future home buyers.