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Lee & Associates Transacts 15,510 Square Foot Office Lease in Oxnard, CA

OXNARD, CA - July 29, 2011 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc. Principals John Ochoa, SIOR, and Grant Harris and Vice President David Kim transacted a 15,510-square-foot office lease that will bring the first Laurus College campus to Ventura County.

Office-Using Employment Gains, Reliance on Concessions to Nudge Down Phoenix Vacancy in Second Half

Phoenix, AX - July 29, 2011 - (RealEstateRama) -- Although office net absorption in Phoenix remains negative year to date, the local economic recovery gained traction in the second quarter. Businesses added 14,900 positions locally, a 0.9% staffing boost, in the past six months, compared to a nationwide increase of 757,000 jobs, or 0.6%. Improvements have been greatest in the Valley’s healthcare and leisure and hospitality sectors, with white-collar industries dampening overall growth through the first quarter of 2011. Nevertheless, Phoenix white-collar employers rebounded in the most recent quarter. Local office-using employment sectors augmented payrolls by an estimated 2,800 workers, a 0.7% quarterly gain, mirroring the healthy white-collar improvements that have been recorded nationally. Recent hiring announcements from companies including Safelite, Humana, Yelp and Easy Energy Systems Inc. support projections for a sturdy, albeit late, white-collar recovery through year end, helping to stabilize space demand. U.S. emp loyment will increase by a projected 1.65 million jobs in 2011, including to 39,000 positions in Phoenix, a 2.3% marketwide gain. Local white-collar sectors are anticipated to hire 5,600 workers, growth of 1.3%.

84 Percent of U.S. Metros Post Lower Foreclosure Activity in First Half of 2011

IRVINE, CA - July 28, 2011 - (RealEstateRama) -- RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2011 Metropolitan Foreclosure Market Report, which shows that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s 211 metropolitan areas with a population of 200,000 or more. The report also shows that all top 10 metro areas with the highest foreclosure rates in the first half of the year posted decreasing foreclosure activity compared to the first half of 2010.

Americas Hotel Transaction Volume Up Approximately 180 Percent to $7.4 Billion in First-Half 2011

CHICAGO, IL - July 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle Hotels today reported that the volume of hotel investment transactions that closed in the Americas market in the first six months of 2011 reached $7.4 billion—a robust increase of approximately 180 percent on the same prior-year period. The numbers represent preliminary totals from Jones Lang LaSalle Hotels’ Hotel Investment Highlights Americas report due to be released later this month. The firm’s research tracks hotel asset transactions in excess of $10 million, and excludes note sales, recapitalizations and foreclosures.

FLORIDA’S COMMERCIAL REAL ESTATE MARKETS TODAY: UP, DOWN AND IN BETWEEN

Miami, FL - July 28, 2011 - (RealEstateRama) -- Market conditions have improved across Florida, but with little consistency between product types and classes, as reported by the CBRE 2Q 2011 Statewide MarketViews released today. CBRE MarketViews report on commercial real estate trends in the Florida. Markets tracked include Jacksonville, Orlando, Tampa Bay, and South Florida.

Jerry Seinfeld selling Colorado property for US$18.25 million

July 28, 2011 - (RealEstateRama) -- Jerry Seinfeld, the star and co-creator of hit US television show ‘Seinfeld’, has put his Colorado estate on the property market for US$18.25 million. Nestled in the Rocky Mountains and described as “an evolv...

IDX, Inc. and Daniel Baber create remarkable real estate search resource for Naples clients

EUGENE, OR - July 28, 2011 - (RealEstateRama) -- Today, IDX, Inc. is pleased to announce IDX Broker has been enabled on the professional real estate website of Naples, Florida Broker Daniel Baber of Baber Realty. By adopting a customizable IDX solution, Baber has synced his website to the Sunshine MLS database, extracting raw listing data and seamlessly integrating it onto the search page he hosts. With IDX Broker software, Baber has created a dynamic online property search for his clients and other Naples area home seekers.

HGA to Design New West Valley Campus for College of the Desert

Los Angeles, CA - July 28, 2011 - (RealEstateRama) -- HGA Architects and Engineers (HGA) has been awarded the architectural contract for the College of the Desert’s new Palm Springs West Valley Campus, which sets new benchmarks for integrating sustainable design and high-performance building technologies into the academic curriculum. HGA is directing master planning, programming, design and sustainability of the multi-phase campus.

Keystone Pacific Property Management Announces Irvine New Hire

Torrance, CA - July 27, 2011 - (RealEstateRama) -- Keystone Pacific Property Management, a California-based community association management company, welcomes Kara Gonzalez as its newest community association manager. Gonzalez joins the firm with 15 years of management experience.

Jones Lang LaSalle Completes 110,000-SF Lease for Eastgate Realty with Cerberus Capital Management at...

NEW YORK, NY - July 27, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a new direct lease for building owner Eastgate Realty with Cerberus Capital Management LP at 875 Third Avenue. The private investment firm signed a 10-year lease for 110,000 square feet at the Class A, 720,000-square-foot office building.

Fannie Mae Provides Sustained Liquidity to the Multifamily Mortgage Market in the First Half...

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.

The Boulder Group is Awarded Disposition Assignment of Midwest Walgreens Portfolio

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.

Lee & Associates Promotes Marshal Vogt to Principal

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.

Dan Dal Porto simplifies online property search for his clients with a custom IDX...

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...

Rosen Seymour Signs 44,851-SF Renewal at 757 Third Avenue in New York

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.

IOREBA’S MEMBERSHIP CONTINUES TO GROW

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.

Colliers International Launches the Sale of The Brockman Lofts in Downtown Los Angeles

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.

NAIOP NEW JERSEY VOLUNTEERS ASSIST STATE’S COMMUNITY FOOD BANK

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

Chief Information Officer Named at the Federal Home Loan Bank of San Francisco

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.

MAMCO Property Management Adds To Client Portfolio

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.

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