Monthly Archives: December 2011

Iowa Finance Authority awards $50,000 State Housing Trust Fund grant to assist with new...

Des Moines, IA - December 21, 2011 - (RealEstateRama) -- The Iowa Finance Authority Board of Directors recently approved a $50,000 grant to Habitat for Humanity of Marion County, Inc. to assist in the construction of an affordable home for a family in ...

The FASB Announces Public Roundtable Meeting to Solicit Input on Proposal to Improve Accounting...

Norwalk, CT - December 21, 2011 - (RealEstateRama) -- The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have announced they will host a series of public roundtable meetings—including one in the Un...

Mortgage Rates Drop to Another 2011 Low in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 21, 2011 - (RealEstateRama) -- Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dece...

Improving HMDA Data can be the Answer to Averting another Foreclosure Epidemic

Washington, DC - December 21, 2011 - (RealEstateRama) -- On Friday, September 24th, NCRC will testify before Federal Reserve Board on making critical improvements to HMDA data, so that lenders can be held accountable for the types of loans they are iss...

CBRE CAPITAL MARKETS ARRANGES $5 MILLION IN FIXED FINANCING FOR THE GREEN COMPANIES

Hialeah, FL - December 21, 2011 - (RealEstateRama) -- CBRE Capital Markets in Miami secured $5 million in fixed financing on behalf of The Green Companies, a family-owned real estate development firm based in Miami. The terms of the loan, for the Green...

MAYOR JOHN DESTEFANO TO TAKE A STAND WITH NEW HAVEN BUILDING CLEANERS FIGHTING FOR...

WASHINGTON, D.C. - December 21, 2011 - (RealEstateRama) -- The New Haven mayor will join building cleaners rallying for fair wages at 4 p.m. Wednesday at the corner of Church and Elm streets downtown. The rally comes as the December 31st contract expir...

Lee & Associates New Jersey Brokers $9.7 Million Lease

Torrance, CA - December 21, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has completed a 15-year, $9.7 million lease of the Expressway Corporate Center in Egg Harbor, New Jersey.

Praxius Technology Provides Real Estate Social Media Marketing Training For Agents and Loan Officers

AMHERST, NH - December 21, 2011 - (RealEstateRama) -- Praxius Technology, a leading real estate marketing technology company based in New Hampshire, is launching extensive real estate social media marketing training for agents and loan officers who col...

VOIT DIRECTS ACQUISITION OF 60,000 SQUARE-FOOT SHOPPING CENTER IN MURRIETA

INLAND EMPIRE, CA - December 21, 2011 - (RealEstateRama) -- Voit Real Estate Services’ San Diego office has successfully directed the $8.5 million acquisition of Margarita Center, a 60,390 square-foot retail property located at 39520-40 Murrieta Ho...

Sen. Menendez and NJ Legislators to Call for Fair Contract for Building Cleaners

WASHINGTON, D.C. - December 21, 2011 - (RealEstateRama) -- U.S. Senator Robert Menendez; State Senators Ray Lesniak (D-Union) and Ron Rice (D-Essex); and Assemblywoman Annette Quijano (D-Union) will join a rally of New Jersey building cleaners in Newar...

Urban Land Institute Wraps Up “Charter Date” Week In Celebration of 75TH Anniversary: More...

WASHINGTON, DC - December 21, 2011 - (RealEstateRama) -- The Urban Land Institute (ULI), a global research and education organization dedicated to responsible land use, celebrated 75 years of leadership in community building last week with a series of ...

Existing-Home Sales Continue to Climb in November

Washington, DC - December 21, 2011 - (RealEstateRama) -- Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward ad...

NEW $135 MILLION INDUSTRIAL PARK PLANNED IN MIAMI-DADE COUNTY

Miami, FL - December 21, 2011 - (RealEstateRama) -- In one of the largest industrial land transactions in Miami-Dade County since before the recession, Liberty Property Trust (NYSE:LRY) has acquired 126 acres for the development of Miami International ...

Lee & Associates Closes $6.2 Million Industrial Transaction

Torrance, CA - December 21, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed a $6.2 million sale of an industrial building at 4200 Mission Blvd. in Ontario, Calif.

Real Estate Mortgage Network, Inc., Launches Wholesale 203(k) Rehabilitation Product And Simplifies...

River Edge, NJ - December 21, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is introducing their customized Wholesale FHA 203(k) Rehabilitation Product to remove the complexity out of the process for independent retail lenders a...

Outer Banks Oceanfront Real Estate Absorption Rate

Outer Banks, NC - December 20, 2011 - (RealEstateRama) -- This is the third year in a row with increased real estate sales across all sectors of the Outer Banks real estate market from the low end properties all the way up to oceanfront real estate.

Hatters Island Oceanfront Home Absorption Rate

December 20, 2011 - (RealEstateRama) -- Hatters Island, on the south end of the Outer Banks, is in the middle of an oceanfront home shortage. No need to worry though, because the shortage is only because there are not enough oceanfront houses for sale...

GPE Closes 62,225 Square Feet for $3.95M in November 2011

December 20, 2011 (Scottsdale, Arizona) - GPE Companies (www.gpe1.com) reported closing 16 sales and leasing transactions in the amount of $3.95M for 62,225 square feet. Additionally, GPE Management Services successfully concluded construction supervis...

CUSHMAN & WAKEFIELD ARRANGES $285 MILLION SALE OF JERSEY CITY’S 10 EXCHANGE PLACE

JERSEY CITY, N.J. - December 20, 2011 - (RealEstateRama) -- Cushman & Wakefield’s Metropolitan Area Capital Markets Group (CMG) has orchestrated the sale of 10 Exchange Place. The 748,005-square-foot building is a 30-story trophy office tower and...

Rahall Announces $1.4 Million for Homeless Housing Assistance

WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- U.S. Rep. Nick Rahall (D-W.Va.) Tuesday announced southern West Virginia has been awarded more than $1.4 million for homeless housing and support initiatives. “We all know what having a home ...

Governor Chris Christie’s Sick Pay Reforms Needed to Deliver Real, Long-Term Property Tax Relief...

Trenton, NJ - December 20, 2011 - (RealEstateRama) -- Governor Chris Christie has put forward a common sense policy to finally end the wasteful practice of paying out taxpayer dollars to public workers for unused sick days. These local government oblig...

NYCHA Chairman Rhea and HPD Commissioner Wambua Announce Second Development in NYC to Combine...

New York, NY - December 20, 2011 - (RealEstateRama) -- NYC Housing Authority (NYCHA) Chairman John B. Rhea and NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua announced today the release of a Request for Propo...

Reed Announces $4.6 Million to Help Homeless

PROVIDENCE, RI - December 20, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive $4.6 million in federal Continuum of Care funding to combat homelessness. These funds were made available through the...

REP. PASCRELL ANNOUNCES MORE THAN $500,000 IN FEDERAL HUD GRANTS FOR PATERSON, PASSAIC COUNTY...

WASHINGTON, DC - December 20, 2011 - (RealEstateRama) -- U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today announced a total of $584,259 in federal Housing and Urban Development (HUD) grants were awarded to local organizations and nonprofit agencies that ser...

Seneca Falls Couple Arrested and Charged with Mortgage-Related Fraud and Conspiracy

ROCHESTER, NY - December 20, 2011 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that Calvin Brainard, Esq., 66, and Mary Brainard, 52, both of Seneca Falls, NY, were arrested and charged by Criminal Complaint with mail frau...

GPE Closes Deal on Office Building in Prestigious Kierland Area of Scottsdale

December 20, 2011 (Scottsdale, Arizona) - GPE Commercial Advisors, an award-winning commercial real estate firm, secured the sale of a 13,531 square foot, two-story office building in upscale, Scottsdale Airpark on 7020 East Acoma Drive in Scottsdale. ...

Valley Performing Arts Center Honored for Design Excellence

Torrance, CA - December 20, 2011 - (RealEstateRama) -- The Valley Performing Arts Center (VPAC) at California State University-Northridge has won several recent design awards for architectural excellence. Designed by HGA Architects and Engineers, the P...

Lee & Associates Completes 36-Month Industrial Lease on Behalf of Investment Building Group

Torrance, CA - December 20, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 36-month lease for a 141,200 square-foot industrial space located at 105...

Americans Are Ready and Willing to Buy, But Seller Sentiment Remains Extremely Negative

WASHINGTON, DC - December 20, 2011 - (RealEstateRama) -- Prospective homebuyers believe now is a good time to buy, given today’s low home prices and low mortgage interest rates, but potential sellers are nearly unanimous in reporting that it is not a...

HUD AWARDS $1.5 BILLION TO MORE THAN 7,100 LOCAL HOMELESS PROGRAMS

Funding supports Obama Administration strategy to prevent and end homelessness WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded $1.47 billion to renew funding to more than 7,100 local homeless programs opera...

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families