Monthly Archives: June 2011

CUSHMAN & WAKEFIELD NAMED AGENT FOR RED BANK OFFICE BUILDING

RED BANK, N.J. - June 30, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has been named leasing agent for 73 Broad Street, a Class A downtown office building. Director John Kaye of the firm's Edison, N.J. office is handling the assignment on behalf of the locally based ownership, Downtown Investors, LLC.

Dennis Herzig Joins Lee & Associates as Vice President

SHERMAN OAKS, CA - June 30, 2011 - (RealEstateRama) -- Dennis Herzig, a specialist in the acquisition and sale of retail and office properties in the San Fernando Valley and throughout Southern California, has joined Lee & Associates-LA North/Ventura, Inc. as a Vice President.

Luxury Northern California properties synced with BAREIS listings database with IDX Broker software

EUGENE, OR - June 30, 2011 - (RealEstateRama) -- Marin County, California real estate agent Marilyn Rich has teamed up with IDX, Inc. to enable her website with the revolutionary IDX Broker software. Rich, a member of the Bay Area Real Estate Info Serv...

Albany, New York area homes displayed seamlessly on the IDX enabled website of Vinod...

EUGENE, OR - June 30, 2011 - (RealEstateRama) -- Albany, New York home seekers can now quickly and easily find their dream home online, thanks to the partnership between IDX, Inc. and real estate broker Vinod Pillai. The IDX solution now employed by Pillai syncs his search page and property listings to thousands of homes listed on the Capital Region MLS (CRMLS) database. Never before has it been so easy for New York home seekers to search for a property online. IDX Broker software has revolutionized the way listings are displayed and potential buyers search for real estate online.

FEMA Specialists Offer Rebuilding Advice at Home Stores

Columbia, MO - June 30, 2011 - (RealEstateRama) -- Mitigation experts from the U.S. Department of Homeland Security's Federal Emergency Management Agency will be at home improvement stores in four cities to offer free rebuilding information and answer questions about how to strengthen property against future storm and flood damage.

Congressman Tierney Invites Professor Elizabeth Warren to a Discussion with Local Community Bankers and...

Salem, MA - June 30, 2011 - (RealEstateRama) -- Congressman John Tierney and Professor Elizabeth Warren, Assistant to President Obama and a Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau (CFPB), met with a small group of local community bankers, mortgage bankers, and realtors yesterday. Congressman Tierney invited Professor Warren to our area to continue her conversation with community bankers as the CFPB begins its mission to protect consumers with reforms to the mortgage process.

Attorney General Gansler Orders Home Builders to Repay Consumers

BALTIMORE, MD - June 30, 2011 - (RealEstateRama) -- Attorney General Douglas F. Gansler has announced that the Consumer Protection Division has issued a final order requiring Bay Area Design & Build, Inc. and its principals to refund $10,000 collected from consumers to construct a home in Anne Arundel County and pay a penalty of $3,000. The Division found the builder and its principals, Gregory Louis Haigis and Robert Scott Huff, violated Maryland's Custom Home Protection Act by failing to place or maintain money in an escrow account, failing to have a surety bond to protect those deposits and payments and failing to construct the home

Carson HELPS BREAK GROUND on downtown HOUSING development

INDIANAPOLIS, IN - June 30, 2011 - (RealEstateRama) -- Congressman André Carson joined the Indianapolis Housing Agency (IHA) and local officials today to break ground on a $30 million project that will revitalize Lugar Tower in downtown Indianapolis a...

Best in American Living Awards Now Accepting Entries

WASHINGTON, D.C. - June 30, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) is accepting entries for the Best in American Living Awards (BALA), the premier award program for the home building industry.Sponsored by NAHB's Design Committee, BALA recognizes exceptional design and uses the example of trend-setting designs to educate builders and improve residential design in all aspects of the housing industry

California Housing Production Continues to Climb in May, CBIA Announces

SACRAMENTO, CA - June 30, 2011 - (RealEstateRama) -- California housing production rose sharply in May and posted the highest monthly permit total for the year on the strength of the multifamily sector, the California Building Industry Association announced today.

McCord Treasury Readying $240 Million in Property Tax, Rent Rebates for PA’s Citizens

HARRISBURG, PA - June 30, 2011 - (RealEstateRama) -- Wondering where your property tax or rent rebate payment is? State Treasurer Rob McCord provided an answer today when he said Treasury will issue approximately half a million payments totaling $240 million to Pennsylvanians on July 1.

USDA Rural Development Celebrates Homeownership Month

White Sulphur Springs, WV - June 30, 2011 - (RealEstateRama) -- Rhonda Loudermilk has a smile on her face as she talks about her new heating system in her White Sulphur Springs home. Ms. Loudermilk qualified for loan funds through USDA Rural Development’s rural housing programs late last year.

VHFA ANNOUNCES NEW HOMEOWNERSHIP INCOME AND PURCHASE PRICE LIMITS

BURLINGTON, VA - June 30, 2011 - (RealEstateRama) -- More Vermonters will be able to purchase homes using Vermont Housing Finance Agency’s low-interest mortgages thanks to new income and purchase price limits put in place last Friday

Nationals Park Now Home to Greenspace, the Region’s New Green Learning and Resource Hub

WASHINGTON, DC - June 30, 2011 - (RealEstateRama) -- Executives from the private, public and nonprofit sector today joined Events DC (Washington Convention and Sports Authority) and Enterprise Community Partners, Inc. (Enterprise) for the launch of Greenspace, NCR, the District’s first green learning and resource center located at Nationals Park in the Capital Riverfront neighborhood. During the event, Greenspace unveiled its plans for a $2 million, 12,000 square-foot state-of-the-art facility designed to meet the LEED platinum standard of the U.S. Green Building Council. Leveraging an exceptional network of partnerships, Greenspace intends to build the skills, knowledge and capacity of professionals, policymakers and the public to create ground breaking green communities across the region.

Attorney General Abbott Charges Roofing Contractor With Deceiving Homeowners

SINTON, TX - June 30, 2011 - (RealEstateRama) -- Texas Attorney General Greg Abbott today charged a residential roofing contractor with deceiving Texas homeowners and unlawfully soliciting roof repairs.

Las Vegas Area May Home Sales

Las Vegas, CA - June 30, 2011 - (RealEstateRama) -- Las Vegas region home sales held at a five-year high last month, rising modestly from both April and a year earlier as sales of distressed properties continued to account for nearly 70 percent of the resale market. Price measures moved little month-to-month but the declines from a year earlier steepened amid higher levels this year of foreclosure resales and sub-$100,000 transactions, a real estate information service reported.

WCR Memphis Chapter Receives National Honor

MEMPHIS, TN - June 30, 2011 - (RealEstateRama) -- The Memphis Chapter of the Women’s Council of REALTORS® has been recognized nationally for its outstanding recruitment efforts. The WCR Memphis Chapter won first place in recruitment in the large cha...

Silver, Lopez Announce New York’s Rent Laws Expanded For First Time Since 1993

New York, NY - June 30, 2011 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Housing Committee Chair Vito Lopez today announced passage of legislation to extend the rent laws and expand rent protections for tenants for the first time since 1993.

Manufactured Housing Institute President and CEO Comments on Research Report on State of the...

Arlington, VA - June 30, 2011 - (RealEstateRama) -- Thayer Long, president and CEO of the Manufactured Housing Institute, issued the following statement on in the IBIS World, Inc. research report falsely characterizing the state of the manufactured housing industry.

Assembly Passes Property Tax Cap, Mandate Relief Package

New York, NY - June 30, 2011 - (RealEstateRama) -- Assembly Speaker Sheldon Silver announced today the passage of the Affordable Housing Act (A.8518) that would provide relief for working families across the state by capping growth in local property tax levies at two percent. The legislation also includes significant mandate relief for local government and school districts.

KANSAS HOUSING OPENS DOORS TO HOMEOWNERSHIP

WILSON, KS - June 30, 2011 - (RealEstateRama) -- In honor of National Homeownership Month, officials from Kansas Housing Resources Corporation (KHRC), the City of Wilson, Smoky Hill Development Corporation and Citizens State Bank celebrated First-Time ...

Senate Passes Historic Property Tax Cap Legislation

June 30, 2011 - (RealEstateRama) -- The New York State Senate today passed historic property tax relief legislation that enacts a cap on the growth of local property taxes. The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos, will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations

New York Fed Earns Recognition for Best Practices in Building Operations Management

NEW YORK, NY - June 30, 2011 - (RealEstateRama) -- The Federal Reserve Bank of New York today was awarded recognition for best practices in efficient building management by the Building Owners and Managers Association (BOMA) at an event in Washington, D.C. The BOMA 360 Performance Building designation recognizes commercial properties that demonstrate best practices in all major areas of building operations and are managed to the highest standards of excellence. The award recognizes the New York Fed’s locations main headquarters in the Financial District and East Rutherford Operations Center (EROC) in East Rutherford, New Jersey.

Seattle City Council to host foreclosure, credit and computer fraud brownbag discussion

SEATTLE, WA - June 30, 2011 - (RealEstateRama) -- Seattle City Councilmember Bruce Harrell, Chair of the Energy, Technology and Civil Rights Committee, invites members of the public to participate in a lunchtime discussion on credit and foreclosure scams, computer scams and viruses, and how to protect your computer and family.

FEMA Urges Residents In River Communities To Take Steps To Protect Life And Property

KANSAS CITY, MO - June 30, 2011 - (RealEstateRama) -- As the Missouri and North Platte Rivers continue to be in various levels of flood, the U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) urges residents to continue making preparations for more possible flooding.

Cushman & Wakefield Sonnenblick Goldman and Starwood Property Trust Structure $36 Million Financing For...

New York, NY & Greenwich, CT - June 30, 2011 - (RealEstateRama) -- Cushman & Wakefield Sonnenblick Goldman and Starwood Property Trust (NYSE: STWD) jointly announced today the completion of a $23 million refinancing and arrangement of up to $13 million in construction financing for the City Club Hotel in Midtown Manhattan. The loan will allow for the construction of up to 66 additional rooms to be built above the existing small luxury hotel, home to Daniel Boulud’s DB Bistro Moderne, which occupies a prime location on 44th Street between Fifth and Sixth Avenues.

ICBA: Secondary Mortgage Market Must Be Impartial, Provide Equitable Access and Pricing

Washington, D.C. - June 30, 2011 - (RealEstateRama) -- Jack Hartings, president and CEO of The Peoples Bank Co. in Coldwater, Ohio, and a member of the Independent Community Bankers of America (ICBA) Executive Committee, today told Congress that the secondary mortgage market must be impartial and provide equitable access and pricing to all lenders regardless of size or lending volume. He also stressed that all originators must have the option to retain servicing after the sale of a loan.

Chesapeake Woman Charged with Committing Foreclosure Rescue Fraud

NORFOLK, VA - June 30, 2011 - (RealEstateRama) -- Kathleen Harps, 51, of Chesapeake, Va., was arrested by the Federal Bureau of Investigation today after a federal grand jury indicted her on June 21, 2011 on one count of conspiracy to commit mail and wire fraud, three counts of mail fraud, and three counts of engaging in unlawful monetary transactions.

HUD TAPS WIZE TO LEAD VIRGIN ISLANDS HOUSING AUTHORITY BOARD

WASHINGTON, DC - June 30, 2011 - (RealEstateRama) -- Kimberly Wize, a U.S. Housing and Urban Development (HUD) senior advisor for public housing programs, will serve as the new administrative receiver and one-person board of commissioners for the Virgin Islands Housing Authority (VIHA) effective July 1st. HUD announced Wize replaces Mirza Negron Morales, a HUD Deputy Regional Administrator, who served two years in this capacity.

Sanders Secures $380,000 for Senior Housing

June 30, 2011 - (RealEstateRama) -- Sen. Bernie Sanders announced funding today for the construction of 25 affordable rental homes for seniors in Vergennes, Vt., that will both address the shortage of affordable housing for seniors and utilize advan...

Popular Government & Nonprofit Press Releases

7-Eleven Bakersfield

Hanley Investment Group Completes Three 7-Eleven Deals for $9.13 Million, Marking...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Jeremy McChesney has completed the sale of three 7-Eleven properties in separate transactions for a combined value of $9,130,000. The properties are located in Los Angeles, San Diego and Bakersfield, California. One of the transactions had a record-low cap rate for 2017.

Recent Government & Nonprofit Press Releases

ABC National

ABC CEO Mike Bellaman Appointed to Task Force on Apprenticeship Expansion...

Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), has been appointed by U.S. Department of Labor Secretary R. Alexander Acosta  to the Task Force on Apprenticeship Expansion, created by President Trump’s June 15 Executive Order 13801.