Archives

WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.

Orlando, FL - August 17, 2011 - (RealEstateRama) -- Orlando mortgage lender FBC Mortgage, LLC was a proud winner in the Orlando Business Journal’s 2011 Best Places to Work on Friday, August 12, 2011. FBC was named a winner in the medium company category (firms with 51 – 150 employees located in the Central Florida area) at the OBJ’s event at the Wyndham Orlando Resort. FBC Mortgage was one of 152 companies nominated in the 2011 Best Places To Work competition.

Atlanta, GA - August 17, 2011 - (RealEstateRama) -- GoFightForeclosure.com the Go Fight Foreclosure System today announced a warning signal to homeowners that they must contest to stop foreclosure. Citing homeowners fighting foreclosures are now endangered species after a ruling from a judge in New Jersey approving that four major banks can resume uncontested foreclosures

Sylmar, CA - August 17, 2011 - (RealEstateRama) -- Home affordability is higher now than in the past. The down side is that during the last two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. Southern California residents can take the first step in the home buying process or saving the home they already own from foreclosure, by attending a FREE Housing Workshop on Saturday, September 10, 2011

Miami, FL - August 17, 2011 - (RealEstateRama) -- Cervera Real Estate hosted its quarterly top producer awards celebration dinner to recognize their associates for outstanding sales performance in the real estate industry. The event was held at the Brickell Bridge Bistro and Bar located on 500 Brickell Avenue on July 12, 2011. The awards recognize real estate agents for their top sales performance from various branch offices in South Florida.

Stamford, CT - August 17, 2011 - (RealEstateRama) -- CBRE (NYSE:CBG) offices in Florida and Connecticut recently arranged the $20 million acquisition financing for the Stamford, Connecticut apartment community, the blvd. Financing for the 94-unit property was obtained through People's United Bank for The Wolff Company, a Scottsdale, Arizona firm

JERSEY CITY, N.J. - August 17, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group (CMG) has arranged the sale of 2 Journal Square Plaza, a landmark nine-story, 325,000-square-foot class A office building in Jersey City, N.J., representing seller Hartz Mountain Industries. The buyer in the $78 million transaction was Gaia Real Estate Investments in partnership with Phoenix Insurance and Menora Mivtachim Insurance, both based in Israel.

MIAMI, FL - August 17, 2011 - (RealEstateRama) -- Cervera Real Estate, a leading realtor of South Florida luxury condominium residences for more than 40 years, has added five new locations across the region to its current network of five Miami-Dade offices. The new offices include two in the city of Miami and one addition each in South Beach, Hallandale (Broward County) and West Palm Beach (Palm Beach County). According to the company, the expansion is part of a multimillion dollar investment that strategically broadens its reach and services in the tri-county area, as well as doubles its sales team to more than 250 agents.

Torrance, CA - August 17, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest commercial real estate brokerage firms in the country, has named Tim Moore and Glenn Stokoe senior vice presidents of its Carlsbad office. This move lends further proof that Lee is not only maintaining its profitability and continuing its nationwide expansion plans but also remains focused on its regional strength in its commercial markets

New York, NY - August 17, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has announced the appointment of GieFaan Kim as associate broker for the Bracha Group

New York, NY - August 17, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, along with Faris Lee Capital, has completed the $18 million recapitalization of a 200,000-square-foot retail center in Normal, IL on behalf of the owner, The Dial Companies, a large Midwest developer. Built in 2007, the center’s anchor tenants include Schnucks Grocery and a 14-screen Starplex Theater. The center is currently 70 percent occupied and has 12 outparcels available for future sale, lease or development

BARNEGAT, N.J. - August 16, 2011 - (RealEstateRama) -- Walters Group, a leading residential and commercial real estate developer, has announced that it has promoted Rylie Ragan Smith of Manasquan to community manager of Stafford Preserve, a new luxury rental community slated for occupancy in the spring of 2012. The project is located just off Exit 63 of the Garden State Parkway, on Stafford Park Blvd. in Manahawkin.

New York, NY - August 16, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate company Keller Williams Realty Inc., today announced it has grown to 100 agents since active hiring began in April.

EUGENE, OR - August 16, 2011 - (RealEstateRama) -- Today, IDX, Inc. is pleased to announce Tampa Bay, Florida real estate consultant Jeff Launiere has adopted a customizable IDX solution for his professional website. He now hosts a dynamic IDX-synced search page, which displays Mid-Florida MLS (MFRMLS) listings efficiently and effectively on his website. As a member of the MFRMLS, Launiere has long had access to thousands of detailed Florida property listings. Now, thanks to his IDX solution, Launiere's clients can experience the same level of accessibility directly on the his professional website, a privilege once reserved solely for real estate agents and brokers.

NEW YORK, NY - August 16, 2011 - (RealEstateRama) -- This morning, Justice John M. Galasso of the Nassau County Supreme Court issued a sweeping order shutting down one of New York’s largest mortgage scam operations pending trial. The order is the most substantial victory to date in a year-long legal campaign against “loan modification scams” in New York and nationwide.

EUGENE, OR - August 16, 2011 - (RealEstateRama) -- IDX, Inc. and Jay Martinez have joined forces to present California home seekers with a unique and informative online real estate search page on his Luxe Real Estate Group website. Martinez has adopted IDX Broker software and in the process upgraded the search capabilities of his online realty solution. As a member of the SANDICOR MLS, Martinez has long had access to thousands of detailed property listings. Now, his clients and other buyers seeking property in San Diego, La Jolla or Santa Barbara can experience the same heightened level access to listings once reserved only for real estate agents and brokers.

PLEASANTON, CA - August 16, 2011 - (RealEstateRama) -- Ellie Mae® (NYSE Amex: ELLI), a leading provider of automation solutions for the residential mortgage industry, announced today that it has acquired Del Mar Datatrac, Inc. The acquisition accelerates Ellie Mae’s growth strategy by expanding its already extensive lender customer base, significantly increasing the number of mortgages funded by its customers, and broadening the functionality of its Encompass® solutions.

Monteville, NJ - August 15, 2011 - (RealEstateRama) -- DoNotRent.com is a revolutionary real estate website geared to helping people find apartments for rent but also providing them with the most relevant resources related to finding an apartment.

Ft. Lauderdale, FL - August 15, 2011 - (RealEstateRama) -- CBRE (NYSE:CBG) recently arranged three leases totaling 27,915 square feet on behalf of Baltimore-based Maitland Office Company, LLC at Maitland Promenade One, located at 485 N. Keller Road in Maitland, Florida.

New York, NY - August 15, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has appointed Neil Jordaan as a licensed real estate salesperson.