Yearly Archives: 2011

NEW YORK, NY - January 17, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed two sublease deals totaling 63,000 square feet for General Re Corp. at 120 Long Ridge Road, also known as Long Ridge Corporate Center, in Stamford, Conn. The reinsurance firm subleased 56,000 square feet to Statoil and subleased 7,000 square feet to Fuel Tech Inc. for 10 years at the 310,000-square-foot, Class A office building

EUGENE, OR - January 17, 2011 - (RealEstateRama) -- Broker Associate of Century 21 Nature Coast, Greg Younger, has synced an IDX solution to his website, bringing Crystal River, Florida property listings to the easy-to-use search page his clients can access online. Citrus County MLS (CCMLS) listings are displayed and updated automatically as new listings are uploaded and prices fluctuate. Never before has such a revolutionary technology been so accessible and simple to use

Destin, FL - January 17, 2011 - (RealEstateRama) -- The best and worst housing market forecasts for 2011 have been issued by Housing Predictor, which selects the 25 best and 25 worst markets annually. Markets selected have the highest probability of reaching their forecasts, and are updated over the entire year as housing market conditions change

EUGENE, OR - January 17, 2011 - (RealEstateRama) -- IDX, Inc. has enabled IDX Broker software on the real estate website of Minnesota agent Brenton Hayden. Home seekers can now experience an online real estate solution that integrates thousands of Northstar MLS listings directly on the search page Hayden employs. Never before has it been easier or faster to scan the Northstar listings and match potential buyers with properties based on their own personalized criteria.

Denver, CO - January 17, 2011 - (RealEstateRama) -- RE/MAX, LLC will be sponsoring an 18-city concert tour to benefit Children's Miracle Network Hospitals, an organization that RE/MAX and its agents worldwide have raised more than $100 million to support since 1992. The concert features 9-year-old child prodigy, musician, composer and actor Ethan Bortnick who is rapidly becoming an international sensation.

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- “Today, we heard that banks seized a record 1.05 million homes in 2010, topping the prior record from 2009. This is despite a massive slowdown in foreclosures at the end of the year due to several major banks initiating voluntary moratoria as homeowner lawsuits, news reports and Congressional hearings – like the one I chaired on November 18 – created a groundswell of public pressure demanding reform

BEVERLY HILLS, CA - January 14, 2011 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company and its partners have acquired Club Palisades, a 750-unit multifamily community in Federal Way, WA. The property is the second largest multifamily asset in the Seattle metro area and was purchased as an REO from a group of insurance companies.

ORLANDO, FL - January 14, 2011 - (RealEstateRama) -- Do you have kids currently in college, or maybe one who is about to graduate high school? Are they interested in a possible real estate-related career? Then find out more about the Student Scholarship Program offered through Florida Realtors® Education Foundation Inc., a not-for-profit corporation established to provide real estate-related educational scholarships and grants. But act fast: The application deadline for this year's program is Feb. 28, 2011.

ANCHORAGE, AK - January 14, 2011 - (RealEstateRama) -- Friday, January 14, 2011 - Standard & Poor's (S&P) Ratings Services has raised its issuer credit rating (ICR) for Alaska Housing Finance Corporation (AHFC) to AA+ from AA

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- On January 12th, an affiliate of USAA Real Estate Company executed a Joint Venture Agreement with Gables Residential to develop Class-A multi-family properties at select urban infill sites as well as purchase an interest in several of Gables’ best-in-class stabilized properties. The development and acquisitions amount to over $400 million of Class-A multi-family assets

Dallas, TX - January 14, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has appointed Michael Caffey as Senior Managing Director and Dallas/Fort Worth market leader. In that role Mr. Caffey will be responsible for overseeing all business lines for CB Richard Ellis in the North Texas market area as well as the Company’s Oklahoma affiliate operations. Mr. Caffey is currently a Managing Director in CBRE’s Dallas office. He succeeds Mark Fewin, who was named last November as Global Leader for Project Management Services

NEW YORK, N.Y. - January 14, 2011 - (RealEstateRama) -- Mortgage rates were mostly lower this week, except for the benchmark conforming 30-year fixed mortgage rate, which held at 4.94 percent according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.38 discount and origination points.

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- Green-built homes will take an increasingly large percentage of the market in direct proportion to their price – because home buyers’ prime motivation today is cost effectiveness, according to representatives from four suppliers and product manufactures who spoke today at the National Association of Home Builders International Builders’ Show in Orlando, Fla.“The key is value for every stakeholder in the process,” from the manufacturer to the builder and the home buyer, said Richard Davenport, director of sustainable construction for BASF.

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- New job creation amid a slowly recovering economy is creating increased demand by new renters seeking to move into apartments. However, the lack of credit needed to finance the development of apartments is already causing rents to increase and is likely to lead to a shortage of available apartments in the next few years.“Although we are forecasting construction of 133,000 new multifamily residences in 2011,” said the National Association of Home Builders’ chief economist, David Crowe, “that is far short of the 250,000 to 300,000 units that would be required to keep supply and demand in balance

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- A joint study by the 50+ Housing Council of the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute shows the recession has made 55+ buyers more practical when selecting a new home. Design considerations have become less important, and financial concerns have become more prominent.Previous studies from these two organizations found that most 55+ buyers depended on home sale proceeds to finance a new purchase. The most recent data shows that option diminished during the economic downturn.

EUGENE, OR - January 14, 2011 - (RealEstateRama) -- Grand Rapids, Michigan Realtor Ryan Ogle has chosen to upgrade the search capabilities of his professional website with the IDX, Inc. dynamic IDX Broker software. Now, finding homes around Grand Rapids is possible, with a simple search on the website Ogle supports. Grand Rapids MLS (GRAR) listings are even seamlessly integrated onto the search page Ogle hosts, thanks to the innovative technology of his custom IDX solution

WASHINGTON, DC - January 14, 2011 - (RealEstateRama) -- The U.S. Dept. of Housing and Urban Development today awarded nearly $127 million in grants to 48 local projects to conduct a wide range of activities intended to protect children and families from potentially dangerous lead-based paint and other home health and safety hazards (see chart below)

EUGENE, OR - January 14, 2011 - (RealEstateRama) -- Today, IDX, Inc. welcomes Claudia Pascal of Treasure Coast Sotheby International Realty. As a leading force in the Vero Beach, Florida real estate market, Pascal should support a professional website that reflects the integrity her business has, and now she does, with her IDX enabled real estate website. Tools and features IDX Broker syncs with her website make it simpler for home seekers to explore Indian River MLS (IRMLS) listings conveniently on her search page. These dynamic and detailed property listings makes it easier than ever before to find the perfect Vero Beach home online

Orlando, FL - January 14, 2011 - (RealEstateRama) -- With the current state of the national economy, consumers are looking for ways to reduce costs wherever they can – operation of their homes is certainly no exception. In direct response to their customers' needs, and their own desire to "do the right thing," many home builders and remodelers have taken strides to incorporate features that make homes more energy efficient, comfortable, cost-effective to operate and maintain, and generally more friendly to the natural environment. Tuesday night, at a dinner celebration just prior to the start of the 2011 International Builders' Show, an elite group of these conscientious residential professionals received EnergyValue Housing Awards (EVHA) for new and existing homes

DENVER, CO - January 13, 2011 - (RealEstateRama) -- Kentwood City Properties, one of three strategically-located offices that comprise Kentwood Real Estate, has recorded its highest historic residential real estate sales volume since the office was formed in 1999. The office and its leading real estate professionals posted total sales volume of nearly $340 million for 2010, approximately $35 million more that its previous high sales volume.

Santa Fe, NM - January 13, 2011 - (RealEstateRama) -- Canyon Gate Real Estate Services, an Associa company, is pleased to announce the addition of Onate Place to its client portfolio.

January 13, 2011 - (RealEstateRama) -- Gloria Nilson, REALTORS®, Real Living® announced today that their Holmdel office achieved a 100% Customer Satisfaction Rating in 2010, as measured by an independent research company. In the real estate industry, which is driven by repeat business and referrals, customer service is the highest priority. The seasoned sales professionals in this office consistently provide Premier Service® to home buyers and sellers in their market area.

RANKFORT, KY - January 13, 2011 - (RealEstateRama) -- The State Property and Buildings Commission (SPBC) will hold a meeting on Friday, Jan. 14, 2011 at 2 p.m. in Room 182 of the Capitol Annex, Frankfort, Kentucky.AGENDA

BOSTON, MA - January 13, 2011 - (RealEstateRama) -- As the Patrick-Murray Administration's Division of Banks puts into place new rules regarding right-to-cure foreclosure notices and reverse mortgages, public informational hearings will be held to gather input on the regulations in late January.The upcoming regulations on the right-to-cure notices and reverse mortgages are part of legislation signed by Governor Deval Patrick in August 2010 as part of the Patrick-Murray Administration's response to the foreclosure crisis in Massachusetts.

January 13, 2011 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) is pleased to announce two (2) Application Overview Sessions for the 2011 Low-Income Housing Tax Credit (LIHTC) Program have been scheduled for:

West Hartford, CT - January 13, 2011 - (RealEstateRama) Jan 20, Feb 2, and Feb 9 - 6:00 to 9:00 PM Comfort Inn. 900 East Main Street, Meriden, CT $140 for CT REIA members | $180 for Not-yet-members Tuition includes a 81 page real estate investment course manual

Cincinnati, OH - January 13, 2011 - (RealEstateRama) -- With the help of a brand new network of empowered real estate brokers and agents, home buyers can now receive a sizeable part of the real estate broker commission similar to the side deals relocation companies have been receiving for years. Real estate brokers have long shared commissions with relo companies and out-of-state brokers that refer home buyers to their office. Now, select brokers in the EmpoweredBuyer.com network are extending the commission-sharing to a new breed of knowledgeable home buyers.

New York, NY - January 13, 2011 - (RealEstateRama) -- Rose Associates, Inc. announced today that The Mount Sinai Medical Center’s Real Estate Division has named the firm exclusive managing agent of its residential staff housing portfolio. Rose will manage 25 apartment buildings for Mount Sinai, a portfolio comprised of more than 1,700 apartments and a total of 2 million square feet of space on the Upper East Side of Manhattan

BUFFALO, NY - January 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced it has closed the sale of the landmark corporate headquarters of HealthNow New York, Inc, the parent company of BlueCross BlueShield of Western New York for Duke Realty. Cole Real Estate Investments purchased the 430,458-square-foot, Class A office building located in Buffalo, New York. HealthNow will continue to lease the newly constructed LEED Silver Class A property through July 2024

Torrance, CA - January 13, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $6.25 million sales transaction for a 70,377-square-foot mixed-use business park and 4.59 acres of adjacent vacant land located at 1020 to 1050 Nevada Street in Redlands, Calif.