Archives

NEBRASKA CCIM CHAPTER HONORS RE/MAX ASSOCIATE

DENVER, CO - February 15, 2011 - (RealEstateRama) -- RE/MAX Commercial® Practitioner Dave Smith, CCIM, completed one of the largest deals of his career, a contract that involved parties in two different countries and four U.S. states. The deal was recently named by the Certified Commercial Investment Member (CCIM) Institute’s Nebraska Chapter as a “Big Deal of 2010.” The buyer of the commercial property in Pueblo, CO, is from Tel Aviv, Israel who was using an agent in Los Angeles, CA, and the seller lives in Texas. Smith resides in Omaha, NE.

The American Institute of Architects Issues Statement on Obama Administration’s Fiscal 2012 Budget

Washington, D.C. - February 14, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today issued the following statement on the fiscal 2012 budget President Obama presented to Congress this morning

FCIC Commission Report: A Test Of Our Moral Fitness to Survive

(LPAC) - February 10, 2011 - (RealEstateRama) -- Congressional candidate and LaRouche PAC organizer Kesha Rogers, who is running in Houston, TX as part of a six person national slate of LaRouche Democrats, issued the following statement today

Enterprise Named Freddie Mac Targeted Affordable Housing Lender

Columbia, MD - February 10, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise ), a national leader in affordable housing and community development, today announced that Freddie Mac (OTC: FMCC) has given the company approval to originate affordable multifamily loans nationally on its behalf.

Snowe, Feinstein, Bingaman Applaud White House Support for Increasing Energy Efficient Commercial Building Tax...

WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- U.S. Senators Olympia J. Snowe (R-Maine), Dianne Feinstein (D-California) and Jeff Bingaman (D-New Mexico) applauded President Obama’s support for provisions in S. 1637, the Expanding Build...

RE/MAX COMMERCIAL AGENTS CLIMB RANKS

DENVER, CO - January 28, 2011 - (RealEstateRama) -- RE/MAX Commercial® is once again joining the ranks of other high-profile commercial franchises with the second most Certified Commercial Investment Member (CCIM) candidates and designees in the industry, a significant achievement given today’s commercial real estate landscape.

Lee & Associates Completes $6.3 Million Office Building Transaction

Torrance, CA - January 27, 2011 - (RealEstateRama) -- The Irvine office of Lee & Associates, the fourth largest full-service commercial brokerage company in the nation, has completed the $6.3 million sale of the Teslaco Building, a 35,000-square-foot office building located at 35 Tesla in Irvine, Calif., to Owen Commercial. The building was a foreclosure sale by GE Capital and was never put on the market. Lee & Associates sold it as an off-market investment.

CB RICHARD ELLIS ENHANCES AND EXPANDS CAPITAL MARKETS LEADERSHIP

Los Angeles, CA - January 26, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has announced that Chris Ludeman will join Brian Stoffers as co-president of the firm’s Capital Markets businesses. In his expanded role, Mr. Ludeman will provide client-facing leadership for the company’s office, industrial and retail Investment Properties efforts along with its Institutional Group, Global Property Advisors and Private Client Group activities. Mr. Stoffers will continue to lead CBRE’s Debt and Equity Finance, agency and loan servicing businesses, as well as oversee the multi-housing, hotel/lodging and investment banking practices. Mr. Ludeman will continue as President, Americas Brokerage, overseeing CBRE’s tenant rep and agency leasing business lines

Freddie Mac Issues Monthly Volume Summary for December 2010

McLean, VA - January 26, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for December 2010. The summary, available on the company’s Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management and delinquencies. Beginning in January 2011, Freddie Mac began publishing pool-level delinquency disclosures on its single-family PC and Giant PC securities on the company’s Web site, www.FreddieMac.com/mbs. As a result, Tables 9 and 10 are no longer included in the Monthly Volume Summary.

Countdown to National Consumer Protection Week 2011 Begins; Website and Blog Launched

Washington, DC - January 24, 2011 - (RealEstateRama) -- The Federal Trade Commission has launched the website and blog for National Consumer Protection Week (NCPW) 2011, to be held March 6-12. The annual event, now in its 13th year, is hosted by the FTC and nearly 30 other government agencies, consumer groups, and national organizations. The website, www.ncpw.gov, provides information about consumer rights, and promotes free resources to help consumers protect their privacy, manage credit and debt, avoid identity theft, understand mortgages, and recognize frauds and scams.

Multifamily Rentals: NAHB Sees Rising Demand, Insufficient Supply

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- New job creation amid a slowly recovering economy is creating increased demand by new renters seeking to move into apartments. However, the lack of credit needed to finance the development of apartments is already causing rents to increase and is likely to lead to a shortage of available apartments in the next few years.“Although we are forecasting construction of 133,000 new multifamily residences in 2011,” said the National Association of Home Builders’ chief economist, David Crowe, “that is far short of the 250,000 to 300,000 units that would be required to keep supply and demand in balance

reOneSpot™ Named Preferred Partner of Leading Real Estate Companies of the World®

CHICAGO, IL - January 13, 2011 - (RealEstateRama) -- Leading Real Estate Companies of the World® has selected reOneSpot™ as a preferred partner to provide its network of 600 brokerage firms worldwide a low-cost, intelligent, web-based enterprise solution that securely enables collaboration and sharing of activities, documents, feedback and communications between brokers, agents and their clients in one easy-to-use integrated location. This all-in-one solution platform helps real estate brokers and associates improve efficiency and productivity with tools that enhance and streamline the regular, day-to-day activities involved in today’s business of real estate.

NAR’s Second Century Ventures Invests in Ifbyphone

Chicago, IL - December 28, 2010 - (RealEstateRama) -- The National Association of REALTORS® has invested in Ifbyphone through its strategic investment fund, Second Century Ventures. As part of the arrangement, NAR is also collaborating with Ifbyphone to develop solutions that enhance voice interactions for its more than 1.1 million REALTOR® members.

HUD, FIRST NATIONAL BANK OF ST.LOUIS REACH AGREEMENT TO INCREASE INVESTMENT IN LOW-INCOME AND...

WASHINGTON, DC - December 22, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD), the Metropolitan St. Louis Equal Housing Opportunity Council (EHOC), and First National Bank of St. Louis today announced an agreement that will increase the bank's commitment to minority and low-income communities.? As part of the agreement, the bank will invest more than $2.5 million over four years in St. Louis City, North St. Louis County, and St. Clair County, Illinois.

Freddie Mac Extends Foreclosure Protection for Service Members Through 2011

McLean, VA - December 20, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today instructed its servicers to delay initiating foreclosure for at least nine months for financially troubled service members who are released from active duty through the end of 2011 and have Freddie Mac-owned mortgages. Freddie Mac is one of the nation’s largest investors in conforming, conventional mortgages

FTC Action Puts Deceptive Marketer Out of the Debt Relief Business

WASHINGTON, D.C. - December 6, 2010 - (RealEstateRama) -- A deceptive advertising operation has been banned from the debt relief business under a settlement agreement with the Federal Trade Commission. As part of a continuing crackdown on scams that target consumers in financial distress, the FTC charged the defendants with deceptively claiming they could save consumers thousands of dollars by reducing their credit card debt.

MBA Statement on Fiscal Commission Proposal

WASHINGTON, D.C. - December 2, 2010 - (RealEstateRama) -- Michael D. Berman, CMB, Chairman of the Mortgage Bankers Association, today issued the following statement reacting to the proposal from the co-chairs of the National Commission on Fiscal Responsibility and Reform.

Aspen Colorado Home Sells for $31.5 Million

Seattle, WA - December 2, 2010 - (RealEstateRama) -- A Chicago billionaire paid $31.5 million for a home in Aspen, the most paid for a residential property in the luxury resort community this year. The buyer's broker, Steven Shane of SDS Real Estate, declined to disclose the name of his client. The seven-bedroom, nine-bath 12,432 square foot home sits on 44 acres at 2435 W. Buttermilk Road.

NYSE Euronext Selects CB Richard Ellis Group, Inc. to Provide Global Real Estate Transaction...

Los Angeles, CA - November 17, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc (NYSE:CBG) today announced that NYSE Euronext (NYX), a leading global operator of financial markets and provider of innovative trading technologies, has selected CB Richard Ellis as its exclusive outsourcing provider of global real estate transaction management services and its preferred provider of global facilities management services.

DODD STATEMENT ON PROBLEMS WITH MORTGAGE SERVICING FROM MODIFICATION TO FORECLOSURE

WASHINGTON, DC - November 17, 2010 - (RealEstateRama) -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) held an oversight hearing investigating problems in the mortgage servicing industry. The Committee heard testimony from state officials, industry executives, and experts in law and consumer protection, and explored how mortgage servicing practices may have prevented modifications and even resulted in unjustifiable foreclosures.

Business Real Estate Press Releases

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Distinctive Single-Family Homes in Costa Mesa Win Design Award

International award-winning KTGY Architecture + Planning is pleased to announce that KTGY’s excellence in residential design and planning has been recognized by the Building Industry Association’s (BIA) Greater Sales and Marketing Council’s 2018 SoCal Awards program. Vitae in Costa Mesa received the SoCal Award for “Best Design Detached Home Under 2,000 SF.” This year’s competition drew more than 500 entries.

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Number of Real Estate Teams is Growing, NAR Survey Finds

Teams are becoming more common in the real estate industry as an increasing number of Realtors®, members of the National Association of Realtors®, consider themselves a member of a real estate team, according to a new survey by NAR.