Monthly Archives: September 2011

MINNEAPOLIS, MN - September 8, 2011 - (RealEstateRama) -- Earlier today in federal court, a 52-year-old man was charged for his role in a $20 million mortgage fraud scheme that involved 57 properties. Douglas Rex Butler was charged via an information w...

Miami, FL – September 8, 2011 – Costex Corporation (“Costex”), a worldwide quality supplier of new replacement parts for the heavy equipment industry, is expanding its business in South Florida. To accommodate their growth, Costex recently purchased the 180,000-square-foot industrial property at 7901–8187 NW 71st Street in Miami for $10.3 million from building owner Seagis Property Group, an industrial investment firm based in West Conshohocken, Pennsylvania

Northbrook, IL - September 8, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Dollar General property located in Grovetown, GA for $987,000. The 9,100 square foo...

STRATFORD, CT - September 8, 2011 - (RealEstateRama) -- Amidst a sputtering housing market, Stratford’s active adult community of detached, condominium-style homes is enjoying steady sales, and residents there credit Maple Oak Reserve’s built-in sense of community as a key reason for its sales success.

Chicago, IL - September 8, 2011 - (RealEstateRama) -- With home values continuing a steep decline, little change in the unemployment rate, and 26 percent of Illinoisans owing more than their home is worth, little has been done to buoy confidence that an economic recovery is at hand. A settlement of the investigations surrounding last year’s robo-signing scandal that, among other things, achieves widespread principal reduction commitments from major servicers, could change that–but only if done carefully.

Topeka, KS - September 8, 2011 - (RealEstateRama) -- Ten non-profits and public housing authorities statewide will receive approximately $1.1 million in Tenant Based Rental Assistance (TBRA) to help Kansas families obtain safe, affordable housing of th...

Firm served as project manager for the Chinese news agency’s new North American headquarters facility NEW YORK, , NY - September 8, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed the interior build-out for Xinhua News Agency’s new North American headquarters on the top floor of 1540 Broadway. The Chinese news agency leased 18,500 square feet on the 44th floor of the 1.1 million-square-foot, Class A office building in mid-2010.

New York, NY - September 8, 2011 - (RealEstateRama) -- NYU's Furman Center for Real Estate and Urban Policy and its Institute for Affordable Housing Policy launched the Subsidized Housing Information Project (SHIP), an interactive database with extensive information on nearly 235,000 units of privately-owned subsidized rental housing in New York City. The database consolidates information from 50 separate public and private data sources into one searchable website, now available at: www.furmancenter.org/data/search.

September 8, 2011 - (RealEstateRama) -- Single family building permit activity posted its third consecutive month of improvement over 2010, but July edged downward compared to June, according to the Home Builders Association of Greater Kansas City. ...

WASHINGTON, DC - September 8, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) is charging a La Crosse County, Wisconsin landlord with violating the Fair Housing Act for refusing to rent a house to a single mother...

WASHINGTON, DC - September 8, 2011 - (RealEstateRama) -- Fannie Mae today announced the opening of the Sacramento Mortgage Help Center to provide free education and counseling services to struggling Northern California homeowners. The Sacramento Center is the tenth Mortgage Help Center to open across the country, and is part of Fannie Mae's ongoing effort to ensure that homeowners facing foreclosure understand their options, have access to assistance and receive timely resolutions. The Center was developed in partnership with NeighborWorks HomeOwnership Center Sacramento Region, local community and elected officials, and area mortgage servicers.

NEW YORK, NY - September 8, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that 93% of units have been sold at Beacon Towers, a Central Harlem cooperative development.

West Hartford, CT - September 8, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the Apartment Owners Association Of Connecticut, or AOACT, is announcing the September 2011 meeting of the AOACT. This event will take place on September 12 from 5:45pm to 9:00pm at the Crowe Plaza Hotel, located at 100 Berlin Road in Cromwell, CT. Attendees will receive a copy of Connecticut's best apartment lease and complimentary refreshments.

WASHINGTON, DC - September 8, 2011 - (RealEstateRama) -- In six cities across the country, the U.S. Department of Housing and Urban Development (HUD) is awarding $13.3 million to stimulate job growth and revitalize unproductive industrial areas known as ‘brownfields.’ The grants announced today, combined with an addition $35 million in federal loan guarantees, will generate total public and private investment in these areas to more than $166 million.

EUGENE, OR - September 8, 2011 - (RealEstateRama) -- Today, Texas real estate broker Russell Berry and IDX, Inc. announce the unveiling of the comprehensive real estate website Berry has synced with an IDX solution. The IDX Broker software he has integ...

EUGENE, OR - September 8, 2011 - (RealEstateRama) -- IDX, Inc. and Ryan Corvino have united to present Boston, Massachusetts home seekers with a unique online real estate solution. Corvino has enabled IDX Broker software on his professional website and created an innovative property search resource that gives his clients access to thousands of Massachusetts MLS (MLSPIN) listings. IDX Broker now extracts raw listing data from MLSPIN and seamlessly displays it onto the search page Covino hosts, simplifying the online real estate search process for agents, brokers and home seekers alike.

TEANECK, N.J. - September 8, 2011 - (RealEstateRama) -- Encelium Technologies, a leading technology development company specializing in integrated lighting control systems for commercial buildings, has introduced its new family of low-voltage occupancy sensors. This product line includes a full range of passive infrared (PIR) and dual technology (Ultrasonic/PIR) low-voltage sensors available in both wall mount and ceiling mount configurations.

EUGENE, OR - September 8, 2011 - (RealEstateRama) -- IDX, Inc. and Sam LeBord have joined forces to present Seattle home seekers with a unique and informative online real estate search page and website. LeBord has adopted IDX Broker software and in the...

EUGENE, OR - September 8, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Sergei Goukasav of Coldwell Banker, Ed Schlitt Realtors to the ever-expanding network of agents and brokers who have chosen to revolutionize their online real estate resource with an IDX solution. Goukasav now hosts a dynamic search page which displays thousands of Hutchinson Island area homes, thanks to his membership with the Palm Beach Regional (RMLSFL). IDX Broker software makes the integration simple for Goukasav, and his clients benefit from the amazingly versatile search interface right on his real estate website.

WASHINGTON, D.C. - September 8, 2011 - (RealEstateRama) -- Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 2, 2011.

West Hartford, CT - September 8, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, is announcing the start of its 3-evening new investor workshop. This program will begin on Wednesday September 14, 2011. Additional dates for the program are Wednesday September 21 and Thursday September 29. This workshop will take place from 6:00 pm to 9:00 pm at the Crowne Plaza Hotel, located at 100 Berlin Road in Cromwell, CT.

EUGENE, OR - September 8, 2011 - (RealEstateRama) -- Sandra Mathewson and IDX, Inc. announce the teaming of the unique, thorough and comprehensive RE/MAX Premier Properties website Mathewson has synced with an IDX solution. The IDX Broker software she ...

WASHINGTON, D.C. - September 8, 2011 - (RealEstateRama) -- The multifamily housing market continued to show improvement in the second quarter of 2011, as the Multifamily Production Index (MPI) compiled by the National Association of Home Builders (NAHB) increased for the fourth consecutive quarter.The MPI rose from 41.7 in the first quarter of the year to 44.4 in the second quarter. It is the highest quarterly reading since 2006, and continues the trend of generally improving conditions in the market for new multifamily housing that has emerged since the MPI dropped to a record low of 16.0 in the third quarter of 2008.

NEW YORK, NY - September 7, 2011 - (RealEstateRama) -- Jones Lang LaSalle represented the Greater New York Councils, Boy Scouts of America, in an agreement with The Trust for Public Land to permanently protect the William H. Pouch Scout Camp on Staten Island. The GNYC entered into an agreement with TPL that will result in the preservation of 94 acres from development through a two-phase plan that includes the purchase of a large portion of the site.

New York, NY - September 7, 2011 - (RealEstateRama) -- Rose Associates, Inc., the New York-based full-service real estate firm, has hired Lisa Bulloch-Jones as director of corporate marketing. In this position, she will oversee all marketing initiatives for the company, including communications, branding, corporate advertising and public relations.

TEANECK, N.J. - September 7, 2011 - (RealEstateRama) -- For Encelium Technologies, a leading technology manufacturer specializing in integrated lighting control systems for commercial buildings, the future has never looked brighter. Installations of its hallmark Energy ControlSystemTM (ECS) now exceed more than 40 million square feet and the company continues to post impressive annual sales increases. And just last year, Encelium secured $11 million in a financing round led by Siemens Venture Capital (SVC), the corporate venture capital organization of Siemens.

CAMDEN, N.J. - September 7, 2011 - (RealEstateRama) -- Smarter Agent, a mobile platform and application company, today announced the Smarter Agent real estate application for Windows Phone. Smarter Agent for Windows Phone is a comprehensive tool for anyone interested in accurate, unbiased, and local real estate information. The app features homes for sale listings and hard to find apartment listings, directly from MLS member sources for more than 50,000 cities, representing more than four million homes for sale in the United States. With its launch on Windows Phone, Smarter Agent is now available across major mobile platforms, including iPhone, Android, BlackBerry and Windows Phone

TEANECK, N.J. - September 7, 2011 - (RealEstateRama) -- For Encelium Technologies, a leading technology manufacturer specializing in integrated lighting control systems for commercial buildings, the future has never looked brighter. Installations of its hallmark Energy ControlSystemTM (ECS) now exceed more than 40 million square feet and the company continues to post impressive annual sales increases. And just last year, Encelium secured $11 million in a financing round led by Siemens Venture Capital (SVC), the corporate venture capital organization of Siemens.

San Francisco, CA - September 7, 2011 - (RealEstateRama) -- The Federal Home Loan Bank of San Francisco announced today that it has awarded $1 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada for projects and programs that foster economic development and promote community stability and self-sufficiency.

CUPERTINO, SILICON VALLEY, USA - September 7, 2011 - (RealEstateRama) -- Larry Klapow teams with Intero Real Estate Services to assist managers in business development and the growth of the company. Klapow will conduct agent trainings such as his signature class “Building Your Networks and Social Capital.” Over the course of a 19-year career involving Bay Area real estate, Klapow has earned a reputation as a peer, mentor, friend and coach. As a former President of Coldwell Banker’s Residential Brokerage San Francisco Bay Area Region, he was responsible for the development of the company and oversaw 32 offices and a talented team of up to 2,200 real estate professionals.