Monthly Archives: July 2011

WASHINGTON, DC - July 27, 2011 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced that in the first half of 2011, the company issued $10.3 billion in MBS backed by new multifamily acquisitions delivered by our lenders, and sold $5.3 billion in MBS pools and GeMSTM structured transactions, enhancing tradable float and supporting liquidity in the multifamily MBS market.

Chicago, IL - July 27, 2011 - (RealEstateRama) -- The Boulder Group, a national single tenant net lease investment brokerage firm, has been selected as the exclusive advisor for the sale of a Walgreens portfolio consisting of four properties. Three of the properties are located within the Chicago MSA and the remaining asset is located in Cedar Rapids, Iowa.

Torrance, CA - July 27, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial real estate provider, has promoted Marshal J. Vogt to principal. Vogt joined Lee & Associates Orange as a runner/associate in August 2006 and has been a significant contributor to the company’s revenue since his arrival. He is an office broker specializing in representing landlords and tenants with the selling and leasing of office properties.

EUGENE, OR - July 27, 2011 - (RealEstateRama) -- With new accounts being added daily, IDX, Inc. announces the latest addition to the growing network of agents and brokers utilizing the dynamic IDX Broker software: San Luis Obispo County real estate pro...

NEW YORK, NY - July 27, 2011 - (RealEstateRama) -- Rosen Seymour Shapss Martin & Company LLP signed a 15-year renewal for 44,851 square feet at the Class A, 457,250-square-foot office building.

Washington, DC - July 27, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.62 percent based on loans closed in June. This is a decrease of 0.12 percent from the previous month.

ROCHELLE PARK, N.J. - July 27, 2011 - (RealEstateRama) -- Thirteen new members representing a broad range of commercial real estate-related professions have been accepted as members of the Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA). Dating back more than eight decades, IOREBA now has members in New Jersey, New York, Connecticut and Pennsylvania.

Los Angeles, CA - July 27, 2011 - (RealEstateRama) -- Kitty Wallace, Executive Vice President of Colliers International, the second largest global real estate services organization, just listed The Brockman Lofts, a mixed-use property with 80 residential loft condominiums and 9,968 square feet of retail space. The retail space is currently occupied by Bottega Louie, one of the highest grossing restaurants in the City. The property is located on 7th Street Restaurant Row at 520 W. 7th Street in Downtown Los Angeles, California. It is being offered un-priced.

WASHINGTON, D.C. - July 27, 2011 - (RealEstateRama) -- Mortgage applications decreased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 22, 2011.

HILLSIDE, N.J. - July 27, 2011 - (RealEstateRama) -- For the second year in a row, the Community Action Committee of NAIOP New Jersey conducted a food drive and volunteer day to benefit the Community Food Bank of New Jersey. More than 50 members, friends and staff of the commercial real estate association spent a full day transporting and unloading food donations, packing pasta and preparing food bags for seniors at the Hillside, N.J. headquarters of CFB, which provides food for 1,500 non-profit groups across New Jersey. NAIOP New Jersey members collected more than 450 pounds of food at their companies' workplaces, as well as cash donations at industry events and through a Virtual Food Drive

CLEVELAND, OH - July 26, 2011 - (RealEstateRama) -- In the wake of reports that banks and mortgage processors have continued a practice known as “robo-signing”—forging signatures and submitting false affidavits—U.S. Sen. Sherrod Brown (D-OH)...

WASHINGTON, D.C. - July 26, 2011 - (RealEstateRama) -- U.S. Senator Sherrod Brown (D-OH) today announced that Mental Health Services for Homeless Persons, Inc. in Cleveland has received federal resources to prevent homelessness among at-risk Cuyahog...

ST. PAUL, MI - July 26, 2011 - (RealEstateRama) -- USDA Rural Development State Director Colleen Landkamer announced recently that applications are being accepted for grants to help low- and very-low-income rural residents repair their homes.

BOLTON, MS - July 26, 2011 - (RealEstateRama) -- Today, United States Representative Bennie G. Thompson (D-MS) announced The United States Department of Housing and Urban Development has awarded the Housing and Urban Development- Veterans Affairs Suppo...

Joppa, MD - July 26, 2011 - (RealEstateRama) -- As the nation’s foreclosure crisis persists, Congressman C.A. Dutch Ruppersberger (D-MD) announced today his office will host a foreclosure prevention workshop in Joppa on Thursday, July 28, 2011. The workshop will give Maryland homeowners a chance to meet one-on-one with their mortgage lender, servicers and counselors. This is the fourth such workshop Congressman Ruppersberger has hosted since 2010, helping more than 100 families facing foreclosure.

July 26, 2011 - (RealEstateRama) — Hillsborough County Affordable Housing and the Tampa Housing Authority (THA) are considering a merger of their Section 8 programs - the housing assistance program for low-income families. Following are answers to some questions that are important in the decision.

San Francisco, CA - July 26, 2011 - (RealEstateRama) -- The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Elena Andreadakis as Senior Vice President and Chief Information Officer.

Mt. Laurel, NJ - July 26, 2011 - (RealEstateRama) -- MAMCO Property Management, an Associa company, is excited to announce that is has added to its diverse New Jersey client base and will offer management services to Knightsbridge Community Association.

Houston, TX - July 26, 2011 - (RealEstateRama) -- CenterPoint Energy, Inc.'s (NYSE:CNP) electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric, LLC and U.S. Deputy Secretary of Energy Daniel B. Poneman today released survey results from a 500 participant smart meter In-Home Display pilot program begun last fall. Based on surveys, 71 percent of customers reported that they have changed their electricity consumption behavior as a result of the energy use data they accessed on their in-home displays.

MINNEAPOLIS, MN - July 26, 2011 - (RealEstateRama) -- This past Friday in federal court, an Edina mortgage broker was charged for his role in a $20 million mortgage fraud scheme that involved 57 properties. Derrick Ivan Lance, age 40, of Edina, was charged via an information with one count of conspiracy to commit wire fraud.