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Monthly Archives: January 2011

Lee & Associates Closes $8.8 Million Land Sale in Oceanside

Torrance, CA - January 27, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, recently closed the sale of a 27.96-acre land parcel in the Ocean Ranch business park in Oceanside, Calif. The transaction is valued at $8.8 million.

Remodelers Expect Market Gains During 2011

WASHINGTON, D.C. - January 27, 2011 - (RealEstateRama) -- The latest National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI below 50 indicates that more remodelers say market activity is lower compared to the prior quarter than report it is higher. The RMI has been running below 50 since the final quarter of 2005.The overall RMI combines ratings of current remodeling activity with indicators of future activity like calls for bids. In the fourth quarter, the RMI component measuring current market conditions stayed flat at 43.3 from 43.4 in the previous quarter. The RMI component measuring future indicators of remodeling business increased, to 39.7 from 38.1 in the previous quarter.

Pending Home Sales Continue Uptrend

Washington, DC - January 27, 2011 - (RealEstateRama) -- Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtor

Lee & Associates Completes $6.3 Million Office Building Transaction

Torrance, CA - January 27, 2011 - (RealEstateRama) -- The Irvine office of Lee & Associates, the fourth largest full-service commercial brokerage company in the nation, has completed the $6.3 million sale of the Teslaco Building, a 35,000-square-foot office building located at 35 Tesla in Irvine, Calif., to Owen Commercial. The building was a foreclosure sale by GE Capital and was never put on the market. Lee & Associates sold it as an off-market investment.

CB RICHARD ELLIS ENHANCES AND EXPANDS CAPITAL MARKETS LEADERSHIP

Los Angeles, CA - January 26, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has announced that Chris Ludeman will join Brian Stoffers as co-president of the firm’s Capital Markets businesses. In his expanded role, Mr. Ludeman will provide client-facing leadership for the company’s office, industrial and retail Investment Properties efforts along with its Institutional Group, Global Property Advisors and Private Client Group activities. Mr. Stoffers will continue to lead CBRE’s Debt and Equity Finance, agency and loan servicing businesses, as well as oversee the multi-housing, hotel/lodging and investment banking practices. Mr. Ludeman will continue as President, Americas Brokerage, overseeing CBRE’s tenant rep and agency leasing business lines

Pulte Homes Announces Land Purchase at Issaquah Highlands

ISSAQUAH, WA - January 26, 2011 - (RealEstateRama) -- Pulte Homes purchased land for the development of 70 townhomes in the sought-after Issaquah Highlands master plan. The homebuilder purchased the land from Port Blakely Communities in late December and plans to begin sales this fall

STATEWIDE HOMELESS POINT-IN-TIME COUNT TAKES PLACE WEDNESDAY, JANUARY 26TH

TOPEKA, KS - January 26, 2011 - (RealEstateRama) -- Public agencies, non-profits and faith-based organizations are joining efforts to conduct a statewide Point-In-Time Count of Kansas' homeless population on Wednesday, January 26th, 2011. The purpose of the count is to provide a one-day, statistically reliable snapshot of homeless persons in sheltered and unsheltered locations, understand trends in homelessness and comply with reporting requirements from the federal government

NLIHC Response to President Obama’s State of the Union Address

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- In last night’s state of the union address, President Obama called for investment in innovation, education and infrastructure to spur job growth and sustain America’s leadership in the world. He offered a five year freeze on domestic discretionary spending to begin to bring down the federal deficit, but said that we must “make sure that we’re not doing it on the backs of our most vulnerable citizens.”

Housing and Community Development Coalition Criticizes House Resolution Cutting Budget to FY08 Levels

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- The House of Representatives today approved H.R. 38, allowing the chair of the House Budget Committee to set nondefense discretionary spending to FY08 levels or lower for FY11. This could result in a spending reduction of more than $60 billion in the current fiscal year, hurting all Americans and disproportionately impacting those in the greatest need.

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 21, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 12.0 percent compared with the previous week. The results do not include an adjustment for the Martin Luther King holiday.

Freddie Mac Issues Monthly Volume Summary for December 2010

McLean, VA - January 26, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for December 2010. The summary, available on the company’s Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management and delinquencies. Beginning in January 2011, Freddie Mac began publishing pool-level delinquency disclosures on its single-family PC and Giant PC securities on the company’s Web site, www.FreddieMac.com/mbs. As a result, Tables 9 and 10 are no longer included in the Monthly Volume Summary.

Colorado Rmodeler Named 2011 NAHB Remodelers Chair

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- Bob Peterson, president of Associates in Building & Design, Ltd. (ABD) in Ft. Collins, Colo., was appointed 2011 chairman of the National Association of Home Builders (NAHB) Remodelers this month during the International Builders' Show in Orlando, Fla. As chair for the leading professional organization for residential remodeling, Peterson represents the more than 14,000 remodeling industry members of NAHB."I am honored to represent the interests of professional remodelers and look forward to helping our industry take on the challenges we will face this year as we look to a brighter future ahead," said Peterson. "I am proud of our members, who are the most educated and skilled in the industry, running successful businesses and providing quality remodeling services for home owners across the nation.

New-Home Sales Rise Sharply in December

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes rose 17.5 percent to a seasonally adjusted annual rate of 329,000 units in December, according to newly released figures from the U.S. Commerce Department. The big gain, though largely tied to an unexpectedly strong showing in the West, was a welcome boost at the end of a year that had the lowest total number of new-home sales on record (321,000) since the government began keeping track in 1963."After six very tough months, the housing market ended the year on an upbeat, with signs of stabilization beginning to take hold in many markets," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "That said, the nationwide inventory of new homes for sale is now at its thinnest level in more than 40 years. This is a sign that many builders still cannot obtain the credit they need to meet anticipated improvements in buyer demand in 2011."

IDX Broker software allows home seekers to specify neighborhood in Portland property searches

EUGENE, OR - January 26, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Portland, Oregon real estate broker Dan Walters to the network of real estate professionals engaging their clients and expanding their business through an online IDX solution. Never before have Regional Multiple Listing Service (RMLS) listings been so accessible or readily available to potential buyers. Thousands of detailed property listings are seamlessly linked to the website Walters hosts, with the IDX technology, which syncs properties directly. Now, home seekers can experience a detailed home search without leaving the convenience of the website of Walters. Portland real estate has changed forever, thanks to the IDX-enabled website of Walters

Lee & Associates Closes $3.4 Million Land Sale Transaction

Torrance, CA - January 26, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has negotiated the sale and acquisition of a 13,452 square-foot lot for $3.4 million. Situated along the California coastline at 1620 Torrey Pines Road in La Jolla, Calif., the REO lot is zoned for residential use and affords ocean views of the La Jolla cove

Lee & Associates Negotiates $2.3 Million Land Sale Transaction

Torrance, CA - January 26, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2.3 million sale on a fully entitled, 1.08-acre parcel of land on N. Vulcan Ave., in Encinitas, Calif.

CB RICHARD ELLIS TO PARTNER WITH REBUILDING TOGETHER FOR NFL-SANCTIONED ‘KICKOFF TO REBUILD’ CHARITY...

Dallas, TX - January 25, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has announced that it will join Rebuilding Together on Thursday, February 3, to help revitalize a dozen homes in need of repair and perform general community clean-up in the Arlington, Texas, neighborhood of Drummond Drive as a sponsor of the nonprofit‘s 16th annual Kickoff to Rebuild charity event.

How walkable is your apartment community?

NORFOLK, VA - January 25, 2011 - (RealEstateRama) -- For Rent Media Solutions™, a leading resource for searching apartments nationwide and a division of Dominion Enterprises, has introduced Walk Score® on ForRent.com, the company’s anchor web site. Through this partnership with Walk Score, renters can measure the walkability of a neighborhood and use this feature when narrowing down their search for apartments.

New Survey Shows BOMA 360 Designees Demonstrate Operational Savings and Compete for Tenants

WASHINGTON, DC - January 25, 2011 - (RealEstateRama) -- A new survey conducted by the Building Owners and Managers Association (BOMA) International shows that BOMA 360 designees are able to document operational savings, develop new policies and procedures, and attract new tenants because of their designation. The BOMA 360 Performance Program is a groundbreaking program designed to recognize commercial properties that demonstrate best practices in building operations and management. Since the program’s inception in Spring 2009, 180 buildings have been designated. The survey was sent to BOMA 360 designees who have had the designation for a year or more.

Capitol Hill Veteran Cindy Chetti Named Senior Vice President of Government Affairs for the...

WASHINGTON, DC – Capitol Hill veteran Cindy Chetti has been named Senior Vice President of Government Affairs for the National Multi Housing Council (NMHC). She will be responsible for developing and implementing strategy for all legislative and regulatory issues of interest to NMHC and its joint legislative partner, the National Apartment Association.

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases