Monthly Archives: May 2011

Lakewood, CO - May 5, 2011 - (RealEstateRama) -- Colorado Association Services, an Associa company, recently expanded its diverse Boulder client base and will now provide management services to the Iris Hollow Master Association.

May 5, 2011 - (RealEstateRama) -- American renters on average must earn at least $18.46 an hour to afford a modest apartment, yet the average renter makes just $13.52 an hour. This is the finding of Out of Reach 2011, a report released annually by the National Low Income Housing Coalition (NLIHC) that shows the mismatch between the rents available across the country and what low income renters can really afford.

Wilkes-Barre, PA - May 5, 2011 - (RealEstateRama) -- As part of its exclusive representation for Gap Inc., Metro Commercial announced today that it has brokered a new lease for a Banana Republic Factory Store in Wilkes-Barre, PA.

PHOENIX, AZ - May 5, 2011 - (RealEstateRama) -- Funding cuts are creating layoffs, reduced services and delayed infrastructure projects for cities nationwide. At a special one-day event on Friday, May 20, 2011, public and private leaders will participate in an interactive discussion on lessons learned and innovative strategies to not just survive, but create thriving cities in a difficult economic environment.

Washington, DC - May 5, 2011 - (RealEstateRama) -- First quarter 2011 commercial and multifamily mortgage originations were 89 percent higher than during the same period last year and 25 percent lower than during the fourth quarter of 2010, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2010 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers.

DENVER, CO - May 5, 2011 - (RealEstateRama) -- RE/MAX Commercial, a division of the Denver-based franchise company RE/MAX, LLC, recently earned a spot among the top, commercial real estate companies in National Real Estate Investor (NREI) magazine’s Top 25 Brokerages survey.

WASHINGTON, DC - May 5, 2011 - (RealEstateRama) --The apartment industry’s recovery continues briskly, according to the National Multi Housing Council's (NMHC) latest Quarterly Survey of Apartment Market Conditions.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- Twenty years ago, Senator Alan Cranston, Congressman Henry Gonzalez and housing advocates from across the country designed a new block grant program exclusively dedicated to producing affordable housing. Today, the U.S. Department of Housing and Urban Development's HOME Investment Partnerships Program (HOME) has produced one million units of affordable housing.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that it is offering $2.5 million in grants to improve and develop methods and knowledge for detecting and controlling lead-based paint and other housing-related health and safety hazards. This funding will help protect young children as well as other vulnerable populations.

Des Plaines, IL - May 4, 2011 - (RealEstateRama) -- Spring is in the air, and homeowners are starting to plan their dream home remodeling projects. To commemorate May as National Home Improvement Month, the National Association of the Remodeling Industry (NARI) offers homeowners a few words of advice for getting the most value out of your remodeling investment.

Chicago, IL - May 4, 2011 - (RealEstateRama) -- Cushman & Wakefield of Illinois, Inc. (C&W) announces the largest industrial portfolio sale in the Midwest since the economic downturn began in 2008. The portfolio, which includes seven buildings in northwest Chicago and one in the Milwaukee, WI, area, totals more than two million square feet. Jim Carpenter, Senior Director, and Ken Szady, Executive Director, from C&W’s Capital Markets Group, represented the seller, a joint venture between Interstate Partners and Towne Investments, in the marketing and sale of the portfolio. In addition, Cushman & Wakefield Sonnenblick Goldman, the firm’s debt and equity finance division, secured permanent financing of the portfolio for the buyer, Stockbridge Real Estate Funds.

AUSTIN, TX - May 4, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) has announced a $3.3 million Continuum of Care grant to Texas which will directly fund seven local organizations providing housing and supportive services to an estimated 246 homeless individuals or those at risk of homelessness, helping to transition them out of poverty and toward self-reliance.

SEATTLE, WA - May 4, 2011 - (RealEstateRama) -- Seattle City Light is expanding an energy use tracking service that helped about 18,000 customers save $477,000 on their energy bills last year.

HARRISBURG, PA - May 4, 2011 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency today announced that registration is open for its 2011 Housing Services Conference June 21-23 in State College at The Penn Stater Conference Center.

VAN NUYS, CA - May 4, 2011 - (RealEstateRama) -- Nearly 100 homeowners attended a foreclosure prevention seminar in Van Nuys on Saturday, April 30, which was sponsored by the Southland Regional Association of Realtors, Los Angeles Neighborhood Housing Services, and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). Rep. Brad Sherman (CA-27) was a special guest at the event.

WASHINGTON, D.C. - May 4, 2011 - (RealEstateRama) -- U.S. Rep. Nick Rahall (D-W.Va.) Tuesday announced southern West Virginia has been awarded more than $1.1 million for homeless housing and support initiatives.

May 4, 2011 - (RealEstateRama) -- Earlier today in federal court in Minneapolis, a 50-year-old Fridley man was sentenced for defrauding eight mortgage lenders of $1.9 million. United States District Court Judge David S. Doty sentenced Taleb Mohamed Wazwaz to 24 months in prison on one count of conspiracy to commit mortgage fraud through the use of interstate wires. Wazwaz was charged via an information on April 19, 2010, and pleaded guilty on May 4, 2010

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- Fannie Mae today announced the opening of the Philadelphia Mortgage Help Center to provide free education and counseling services to struggling Philadelphia area homeowners. The Philadelphia, the latest of nine Mortgage Help Centers to open across the country, is part of Fannie Mae's nationwide initiative to educate families about the options and tools available to help them stay in their homes.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced its top multifamily loan originators for 2010. Through Fannie Mae's Delegated Underwriting and Servicing (DUS TM) program, these top ten lender partners produced the highest multifamily loan volumes by contributing at least $870 million each.

Sioux City, IA - May 4, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan awarded more than $216 million to nearly 700 new homeless programs across the country. This amount represents $26 million more than last yea...