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Monthly Archives: June 2011

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...

Four Former Supervisors at Passaic Valley Sewerage Commission Indicted on Charges they Directed Agency...

TRENTON, NJ - June 30, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that the Division of Criminal Justice has obtained indictments charging three former administrators and a former shop foreman at the Passaic Valley Sewerage Commission with directing subordinate employees to complete repairs or improvements at the private homes of the administrators or people close to them while the subordinates were on duty for the PVSC.

Husband and Wife Convicted in Foreclosure Rescue and Mortgage Fraud Scheme

PHILADELPHIA, PA - June 30, 2011 - (RealEstateRama) -- Edward G. And Jacqueline McCusker, both 47, of New Hope, PA, were convicted today in connection with a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Zane David Memeger. The couple was convicted of conspiracy to commit mail and wire fraud, conspiracy to commit money laundering, six counts of wire fraud and three counts of mail fraud. Edward McCusker was also convicted of an additional count of mail fraud. The McCuskers operated Axxium Mortgage, Inc., along with co-defendant John Bariana who pleaded guilty and is awaiting sentencing. Co-defendants Jeffrey A. Bennett and Stephen G. Doherty, owners of the Doylestown law firm Bennett & Doherty, P.C., also pleaded guilty and are awaiting sentencing

IDX Broker software employed by Melanie Crawford to help simplify the online real estate...

EUGENE, OR - June 30, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Melanie Crawford to the growing network of agents and brokers who have chosen IDX Broker software, as a way of revolutionizing their real estate websites. Farmington, New Mexico proper...

Carson to HELP BREAK GROUND on downtown HOUSING development

INDIANAPOLIS, IN - June 29, 2011 - (RealEstateRama) -- Congressman André Carson will join the Indianapolis Housing Agency (IHA) and local officials to break ground Wednesday on a $30 million project that will revitalize Lugar Tower in downtown Indianapolis and build a brand new mixed-use, mixed-income development at the tower’s base.

Florida Realtors® Advises Homeowners to Take Summertime Safety Precautions

ORLANDO, FL - June 29, 2011 - (RealEstateRama) -- Many families across Florida and the rest of the nation will spend the Fourth of July holiday away from home, basking on the state’s beautiful beaches, traveling to see relatives or maybe just visiting friends for a backyard barbecue.To fully enjoy those activities and other summertime pursuits spent away from home, Florida Realtors® suggests that homeowners take precautions to safeguard their residences when they’re not around. Crime rates across the country often start to peak as temperatures rise during warm weather months – the same time that many families leave their homes unoccupied and unprotected.

Birmingham Man Faces Mortgage Fraud Charges for Selling Houses He Did Not Own

BIRMINGHAM, AL - June 29, 2011 - (RealEstateRama) -- Federal prosecutors on Monday charged a Birmingham man for running a mortgage fraud scheme in which he sold houses that he did not own, U.S. Attorney Joyce White Vance announced.

US Labor Department announces nearly $84 million for career training and housing assistance to...

WASHINGTON, DC - June 29, 2011 - (RealEstateRama) -- The U.S. Department of Labor today announced $83,941,360 in grants through the National Farmworker Jobs Program to combat the chronic unemployment and underemployment experienced by migrant and seasonal farmworkers who depend primarily on agricultural labor jobs. A total of $78,253,180 will go to 52 organizations nationwide to provide training, employment and support services for farmworkers and their families. An additional $5,688,600 will go to 16 organizations to provide temporary or permanent housing assistance

HUD ANNOUNCES FINAL RULE SETTING STANDARDS FOR STATE COMPLIANCE WITH SAFE ACT

WASHINGTON, DC - June 29, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced publication of a final rule setting the minimum standards that states must meet to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) in licensing mortgage loan originators. The final rule is posted for public display on the Federal Register’s Electronic Public Inspection Desk today and will be published in tomorrow's Federal Register.

Decrease in Home Sizes and Lots Nearing Bottom

Washington, D.C. - June 29, 2011 - (RealEstateRama) -- The collapse of the housing market resulted in greater interest in smaller homes and lot sizes, but that appears to be leveling off. There continues to be interest from homeowners in investing in their properties, particularly with regards to outdoor living space. Accessibility within the home remains a concern, especially for an aging population, along with ongoing demand for more flexible and open design within homes. Business conditions for residential architects are showing improving conditions with the highest billings score since mid-2007.

USAA Real Estate Company Announces Sale of The Preserve on Fredericksburg, San Antonio

WASHINGTON, D.C. - June 29, 2011 - (RealEstateRama) -- USAA Real Estate Company, co-developer with Cambridge Development Group of The Preserve on Fredericksburg, announced the sale of the 376-unit Class-A multi-family project located in San Antonio, Texas to an undisclosed institutional investor. Will Balthrope with the Balthrope Group of Institutional Property Advisors, a Marcus & Millichap Company, represented USAA in the transaction. Details of the purchase and sale agreement have not been disclosed.

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