Monthly Archives: August 2011

CBRE ARRANGES $10 MILLION REFINANCE FOR BLACKSTONE APARTMENT COMMUNITY

Miami, FL - August 31, 2011 - (RealEstateRama) -- CBRE arranged $10 million in proceeds for the purpose of refinancing the debt on The Blackstone Apartments in Miami Beach, Florida. Financing terms of the loan include a 7-year fixed rate term, 2-years interest only, and a 70% loan-to-value ratio.

Department of Finance Warns of Mortgage Modification Scam Targeting Spanish Speaking Idahoans

Boise, ID - August 31, 2011 - (RealEstateRama) -- Gavin Gee, director of the Idaho Department of Finance, today warned that a company calling itself Freedom Companies Marketing, Inc., Freedom Companies, Inc., Freedom Companies Lending, and Freedom Fina...

Florida Realtors® Recognizes 2011 Realtor® of Year

ORLANDO, FL - August 31, 2011 - (RealEstateRama) -- Florida Realtors® recognized Wendell Davis, CRB, GRI and the 2010 president of the state Realtor association, as its 2011 Realtor of the Year. CRB and GRI are special designations awarded to Realtors who complete additional training; they stand for Certified Real Estate Brokerage Manager and Graduate, Realtor Institute.The Realtor of the Year award was presented at the state association’s 95th annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.

Coral Springs Realtor® Wins Commercial Realtor Achievement Award

ORLANDO, FL - August 31, 2011 - (RealEstateRama) -- Florida Realtors® has honored Claudette Bruck, broker-owner of Multiple Choice Realty Investments Inc. and a 35-year member of the Realtor Association of Greater Fort Lauderdale (RAGFL), with its 2011 Commercial Realtor Achievement Award. The award was presented at the state association’s recent 95th annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.The Commercial Realtor Achievement Award honors a Realtor’s lifetime of contributions to commercial activities at the local, state, national and community levels

Williams: Homeowners Should Use Caution when Hiring Contractors in Wake of Hurricane Irene

August 31, 2011 - (RealEstateRama) -- Senate President Donald E. Williams, Jr. (D-Brooklyn) is urging homeowners who are grappling with property damage due to Hurricane Irene to use caution when hiring home contractors or arborists.

C.A.R. urges Gov. Brown to sign bill increasing accountability of licensees managing real estate...

LOS ANGELES, CA - August 31, 2011 - (RealEstateRama) -- Under current law, the Department of Real Estate (DRE) cannot hold an office manager responsible for failing to supervise licensees within the office. Current law only allows the DRE to hold the principal broker responsible even in situations where that broker has delegated supervisorial responsibilities to an office manager.

Homeside Properties Announces AMS Designation

ALPHARETTA, GA - August 31, 2011 - (RealEstateRama) -- Homeside Properties, Inc., an Associa company, is proud to announce Community Manager Sarah Magee recently received her Association Management Specialist (AMS) designation through Community Associations Institute (CAI). The AMS designation is the second level in the CAI career development track for community association managers

Lindsay Scott and IDX, Inc. make finding homes in prestigious Main Line, Philadelphia a...

EUGENE, OR - August 31, 2011 - (RealEstateRama) -- Philadelphia real estate agent Lindsay Scott has teamed up with IDX, Inc. to enable her website with the revolutionary IDX Broker software. As a member of the Trend MLS, Scott has access to thousands o...

MBA Study Shows Second Quarter 2011 Improvements in Production Profits Among Independents and Subsidiaries,...

WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $575 on each loan they originated in the second quarter of 2011, up from $346 per loan in the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Second Quarter 2011 Mortgage Bankers Performance Report released today.

HUD CHARGES IOWA LANDLORDS WITH DISCRIMINATING AGAINST CHILD WITH CEREBRAL PALSY AND HER MOTHER

WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging John and Nancy Meany, owners of an apartment building in Traer, Iowa, with violating the Fair Housin...

HUD MAKES $1.63 BILLION IN GRANTS AVAILABLE FOR HOMELESS PROGRAMS

WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- Today, U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced that HUD will award $1.63 billion for Fiscal Year 2011 to support nearly 7,000 existing homeless assistance programs currently operating and create additional new homeless assistance programs with the Continuum of Care (CoC) Homeless Assistance Program Notice of Funding Availability (NOFA).

Jones Lang LaSalle Report Shows Lower Manhattan Resurgence Sets Stage for Next Great Transformation

NEW YORK, NY - August 31, 2011 - (RealEstateRama) -- Jones Lang LaSalle data demonstrates the groundwork has been laid for Lower Manhattan’s next great transformation 10 years past the September 11 tragedy. Having weathered a volatile economy and ongoing cycles of recovery, rebuilding and consolidation, Lower Manhattan is poised to capture demand not witnessed since the beginning of the previous century. According to Jones Lang LaSalle’s report, “Lower Manhattan 10 Years Later,” although the historic district remains the home of Wall Street, local government, professional services, media and technology firms will occupy a greater share of Lower Manhattan office space going forward.

HUD CHARGES IOWA LANDLORDS WITH DISCRIMINATING AGAINST CHILD WITH CEREBRAL PALSY AND HER MOTHER

WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging John and Nancy Meany, owners of an apartment building in Traer, Iowa, with violating the Fair Housin...

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR IOWA STORM VICTIMS

WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Iowa and provide support to homeowners and low-income renter...

HUD AWARDS FIRST-EVER CHOICE NEIGHBORHOOD IMPLEMENTATION GRANTS

WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced five cities will receive a combined $122 million to redevelop distressed housing and bring comprehensive neighborhood revitalization to blighted areas.

20 and 30 Enterprise at Summit Office Campus Reaches 94% Occupancy With Six Recent...

ALISO VIEJO, CA - August 31, 2011 - (RealEstateRama) -- Summit’s 20 and 30 Enterprise are now at 94 percent occupied according to the development and management team of Parker Properties, and its partner, RREEF Alternative Investments. Over the last six months, there have been six leases signed totaling 140,596 square feet with Marvell Semiconductor, Inc., UST Global, Inc., AVANIR Pharmaceuticals, Inc., Telogis, Inc., Johnny Rockets Group, Inc., and Benefits Resource, LLC.

“Good News In Luxury Travel Segment”

Phoenix, AZ - August 31, 2011 - (RealEstateRama) -- Despite the current economic malaise in the job sector of the US economy, recent travel news indicates a concurrent reality of optimism

Valerie Rodriquez of Keystone Pacific Property Management Earns CCAM Designation

Torrance, CA - August 31, 2011 - (RealEstateRama) -- Valerie Rodriquez of Keystone Pacific Property Management, a California-based community association management company, has earned the Certified Community Association Manager (CCAM®) designation through the California Association of Community Managers.

Colliers International Completes a 5,612-Square-Feet Office Building Sale Totaling $3 Million in Los Angeles

Los Angeles, CA - August 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of an office building located at 1536 N. Highland Ave Los Angeles, Calif. The transaction is valued at $3,000,000.

Renters Warehouse Ranks No. 132 On The 2011 Inc. 500 With Three-Year Sales Growth...

Golden Valley, MN - August 31, 2011 - (RealEstateRama) -- From #983 in 2010 Inc. 5000 to # 132 in Inc. 500 in ranking for America’s Fastest-Growing Private Companies, Renters Warehouse and CEO Brenton Hayden continue to grow at a remarkable rate. F...

Popular

Affordable Housing Comes to U Street with the Funding of Portner...

On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor. The Agency issued $27 million in short term DCHFA tax exempt bonds providing a portion of the funding for the acquisition of Portner Place and construction of Portner Flats (1440-1450 V Street, NW) located in Ward 1, one block west of The Frank D. Reeves Municipal Center at 14th and U Streets, NW

Recent

Jiffy Lube - Lafayette, IN

The Boulder Group Arranges Sale of Net Lease Jiffy Lube Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Jiffy Lube property located at 3115 South Street in Lafayette, Indiana for $910,000. The Jiffy Lube property is located at the southwest corner of the heavily trafficked signalized intersection of South Street and South Earl Avenue.