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Monthly Archives: July 2011

Kerry, Brown, McGovern, Capuano: $2 Million for Housing Help for Veterans in Worcester and...

BOSTON, MA - July 28, 2011 - (RealEstateRama) -- Senators John Kerry and Scott Brown, along with Congressmen Jim McGovern and Michael Capuano, today announced that two organizations that help homeless veterans in Massachusetts will receive two million dollars from the U.S. Department of Veterans Affairs to improve housing and expand support services for those with very low incomes.

June Massachusetts Home Sales Down as Prices Continued to be More Affordable

WALTHAM, MA - July 28, 2011 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that June sales were down from the same time last year, but up from this past May. Median prices for single-family homes were down less than two percent on a year-over-year basis, but continue to go up from the month before. While condominium sales were also down on a year-over-year basis, median prices were up for the third straight month. Condominium month-to-month sales and median prices were both up as well.

Americas Hotel Transaction Volume Up Approximately 180 Percent to $7.4 Billion in First-Half 2011

CHICAGO, IL - July 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle Hotels today reported that the volume of hotel investment transactions that closed in the Americas market in the first six months of 2011 reached $7.4 billion—a robust increase of approximately 180 percent on the same prior-year period. The numbers represent preliminary totals from Jones Lang LaSalle Hotels’ Hotel Investment Highlights Americas report due to be released later this month. The firm’s research tracks hotel asset transactions in excess of $10 million, and excludes note sales, recapitalizations and foreclosures.

FLORIDA’S COMMERCIAL REAL ESTATE MARKETS TODAY: UP, DOWN AND IN BETWEEN

Miami, FL - July 28, 2011 - (RealEstateRama) -- Market conditions have improved across Florida, but with little consistency between product types and classes, as reported by the CBRE 2Q 2011 Statewide MarketViews released today. CBRE MarketViews report on commercial real estate trends in the Florida. Markets tracked include Jacksonville, Orlando, Tampa Bay, and South Florida.

Jerry Seinfeld selling Colorado property for US$18.25 million

July 28, 2011 - (RealEstateRama) -- Jerry Seinfeld, the star and co-creator of hit US television show ‘Seinfeld’, has put his Colorado estate on the property market for US$18.25 million. Nestled in the Rocky Mountains and described as “an evolv...

Attorney General files suit against California foreclosure consultant

SHELBYVILLE, IN - July 28, 2011 - (RealEstateRama) -- Indiana Attorney General Greg Zoeller was in Shelbyville today to file a complaint against a California-based foreclosure consultant company. According to the lawsuit, homeowners in seven India...

Congresswoman Hirono, Congresswoman Hanabusa, and Congressman Young Introduce Measure Supporting Native Hawaiian Homeownership

Washington, DC - July 28, 2011 - (RealEstateRama) -- Hawaii Congresswomen Mazie K. Hirono and Colleen Hanabusa and Alaska Congressman Don Young today introduced a bipartisan bill to continue programs providing housing assistance for low-income Native H...

Building Services to change days for inspections

TAVARES, FL - July 28, 2011 - (RealEstateRama) -- Beginning Monday, Aug. 1, the Lake County Department of Growth Management, Building Services Division, located on the fifth floor of the Lake County Administration Building at 315 W. Main St. in Tavares, will change the days that building inspections are performed to Monday, Tuesday, Thursday and Friday

ABA SUBSIDIARY NAMES AKLERO EXCLUSIVE MORTGAGE QUALITY CONTROL SERVICE PROVIDER

WASHINGTON and FT. WASHINGTON, Pa. - July 28, 2011 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, named Aklero Risk Analytics, a provider of automated data and document validity assurance for the mortgage industry, the exclusive provider of mortgage quality control services to its members.

Major National Landscaping Firm Enters L.A. Market With Acquisition of Dworsky Cos.

Los Angeles, CA - July 28, 2011 - (RealEstateRama) -- Marking its entrance into the Los Angeles market, national landscape services provider The Brickman Group has acquired Dworsky Cos., one of L.A.’s leading commercial landscape services firms. The acquisition of Dworsky, a family-owned company founded in 2002, gives Brickman a stronger foothold in the Southern California market — with more than 1,000 employees — as it builds upon its nationwide expansion. Dworsky is headed by Founder Dave Dworsky, who in his 20 years in the industry has stamped an expansive mark servicing the Greater Los Angeles area. The terms of the acquisition were not disclosed.

Pending Home Sales Rise in June

Washington, DC - July 28, 2011 - (RealEstateRama) -- Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago.

IDX, Inc. and Daniel Baber create remarkable real estate search resource for Naples clients

EUGENE, OR - July 28, 2011 - (RealEstateRama) -- Today, IDX, Inc. is pleased to announce IDX Broker has been enabled on the professional real estate website of Naples, Florida Broker Daniel Baber of Baber Realty. By adopting a customizable IDX solution, Baber has synced his website to the Sunshine MLS database, extracting raw listing data and seamlessly integrating it onto the search page he hosts. With IDX Broker software, Baber has created a dynamic online property search for his clients and other Naples area home seekers.

Home Buyers and Sellers Prefer RE/MAX

DENVER, CO - July 28, 2011 - (RealEstateRama) -- Results from the J.D. Power and Associates 2011 Home Buyer/Seller StudySM, recognize RE/MAX for providing the highest overall consumer satisfaction for both home buyers and home sellers. In last year’s study, two different companies ranked the highest in each category, but this year home buyers and sellers both rated RE/MAX the highest.

Remodeling Activity Slows Under Economic Uncertainty

WASHINGTON, D.C. - July 28, 2011 - (RealEstateRama) -- The remodeling market slipped under pressure from a sluggish economy according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI), which dipped during the second quarter to 43.9 from the first quarter result of 46.5. An RMI below 50 indicates that more remodelers report market activity is lower compared to the prior quarter than report it is higher.The overall RMI combines ratings of current remodeling activity with indicators of future activity, like calls for bids. Current market conditions for the second quarter of 2011 fell to 44.8 from 46.1 in the first quarter. Future market indications dropped to 43.0 from 46.8 in the previous quarter.

HGA to Design New West Valley Campus for College of the Desert

Los Angeles, CA - July 28, 2011 - (RealEstateRama) -- HGA Architects and Engineers (HGA) has been awarded the architectural contract for the College of the Desert’s new Palm Springs West Valley Campus, which sets new benchmarks for integrating sustainable design and high-performance building technologies into the academic curriculum. HGA is directing master planning, programming, design and sustainability of the multi-phase campus.

Keystone Pacific Property Management Announces Irvine New Hire

Torrance, CA - July 27, 2011 - (RealEstateRama) -- Keystone Pacific Property Management, a California-based community association management company, welcomes Kara Gonzalez as its newest community association manager. Gonzalez joins the firm with 15 years of management experience.

Jones Lang LaSalle Completes 110,000-SF Lease for Eastgate Realty with Cerberus Capital Management at...

NEW YORK, NY - July 27, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a new direct lease for building owner Eastgate Realty with Cerberus Capital Management LP at 875 Third Avenue. The private investment firm signed a 10-year lease for 110,000 square feet at the Class A, 720,000-square-foot office building.

National Association of REALTORS® and National Housing Conference join to address workforce housing issues...

BOSTON, MA - July 27, 2011 - (RealEstateRama) -- The Boston area is bucking a national trend of falling home prices, meaning many metro residents cannot afford to live in the communities they serve. Solving this issue tops the agenda at a regional forum on Thursday, July 28, in Boston. The Bring Workers Home forum, sponsored by the National Housing Conference (NHC) and National Association of REALTORS®’ (NAR) brings together national, state, and local leaders to explore the issues and identify effective housing strategies.

Mayor Vincent C. Gray Announces Furniture Donation Program for Veterans and Families Transitioning To...

WASHINGTON, DC - July 27, 2011 - (RealEstateRama) -- Mayor Vincent C. Gray and D.C. Office of Veterans Affairs (OVA) Director Matt Cary today announced a furniture-donation program for homeless veterans and their families who live in the District.

Congress to Consider Legislation Threatening Homeless Services Program Today

WASHINGTON, D.C. - July 27, 2011 - (RealEstateRama) -- Members of Congress will today consider proposals to suspend or eliminate a federal program that provides services to more than 2 million homeless persons each year at a time when homelessness is rising dramatically.

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