Monthly Archives: July 2011

NEWPORT BEACH, CA - July 12, 2011 - (RealEstateRama) -- Mark Lucescu, President of Lucescu Realty, a market leading investment real estate services firm, announced today that the firm has recently opened a new regional office in Phoenix, AZ to better serve its clients. Lucescu Realty’s new Phoenix office is located at 2415 East Camelback Road, Phoenix, AZ.

La Jolla, CA - July 12, 2011 - (RealEstateRama) -- Southern California home sales last month shot up more than usual from May to the highest level for any month since June 2010, when the market got its last big boost from homebuyer tax credits. Sales of lower-cost homes, driven by investors and first-time buyers, and even high-end sales continued to outshine traditional move-up activity in middle price ranges, a real estate information service reported.

Torrance, CA - July 12, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $4.2 million sales transaction for a 31,774-square-foot industrial building located at 1290 N. Miller Street in Anaheim, Calif.

MONMOUTH JUNCTION, N.J. - July 12, 2011 - (RealEstateRama) -- Luxury options and extras offered to homebuyers at The Pointe at Turnbury are becoming more popular every day. Buyers see them as an opportunity to truly customize their new homes. Taking note of this, Millennium Homes, the developer of The Pointe at Turnbury, has decided to offer a $5,000 incentive on the purchase of a home at the active-adult community that can be applied toward the upgrades of the buyer’s choice.

July 12, 2011 - (RealEstateRama) -- The former home of legendary film star Katharine Hepburn has been put on the property market for a staggering US$28 million. The estate was owned by the Hepburn family from 1913 until it was sold in 2004 following Katharine’s death in 2003 at the age of 96. Current owners Frank and Barbara Sciame bought the property for US$6 million. So they stand to make a tidy profit if the asking price is met.

BISMARCK, N.D. - July 12, 2011 - (RealEstateRama) -- North Dakota residents whose mobile homes have been flooded will need to provide proof that their mobile home insurance has no flood coverage before they can receive disaster housing assistance fr...

NEW YORK, NY - July 12, 2011 - (RealEstateRama) -- Cushman & Wakefield today announced it has been retained as the exclusive retail leasing agent for “The Corner at Wall Street,” a 178,000-square-foot block of prime retail space located at 23 and 35 Wall Street and 15 Broad Street in downtown Manhattan’s Financial District.

Lake Worth, FL - July 12, 2011 - (RealEstateRama) -- Israel-based group, PC Townhomes, LLC, purchased Palm Club Apartments for $7.8 million. With 160 units, the price paid for the Lake Worth townhome community amounted to $48,750 per unit.

Dallas, TX - July 12, 2011 - (RealEstateRama) -- Global architecture, planning and design firm RTKL has promoted three of its healthcare leaders – Dallas-based Debbie Cameron and Donald R. DeBord Jr., AIA, and Washington D.C.-based Jeffrey Davenport, AIA – to senior vice president.

PARSIPPANY, N.J - July 12, 2011 - (RealEstateRama) -- 40 Park, the luxury residential community in downtown Morristown, NJ, was honored with five awards at the Community Builders & Remodelers Association of New Jersey’s (CBRANJ) annual awards dinner held recently at the Sheraton Hotel in Parsippany. The new awards contributed to what has been a banner year for 40 Park, which has already earned dozens of prestigious regional and national accolades.

WASHINGTON, D.C. - July 12, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) issued the following statement following remarks by Congressman Barney Frank (D-MA) this morning at the National Press Club.

JERSEY CITY, NJ - July 12, 2011 - (RealEstateRama) -- Some of the best purchasing opportunities are now available at Crystal Point in downtown Jersey City which has already sold an impressive 75% of its upscale condominium homes. According to developer Fisher Development Associates, the many homes in the current inventory at the magnificent 42 story building directly on the Hudson River offer all the attributes that have led Crystal Point to the most successful sales program in Hudson County in recent memory – value-packed pricing from the upper-$500,000s, unobstructed views of the ever changing Manhattan skyline and Hudson River, easy access to a host of world-class on-site amenities and a key location in close proximity to major public transportation.

BAYONNE-, N.J. - July 12, 2011 - (RealEstateRama) -- A free shuttle service directly to and from the Liberty State Park Light-Rail Station and Grove St. PATH Station further distinguishes Alexan CityView from the marketplace by significantly enhancing the upscale urban lifestyle at the collection of 544 rental homes located on a sprawling waterfront site at the Peninsula at Bayonne Harbor.

Washington, D.C. - July 12, 2011 - (RealEstateRama) -- On the morning of July 11, the Subcommittee on Capital Markets and the GSEs of the House Financial Services Committee will vote on the latest series of bills to dismantle Fannie Mae and Freddie Mac.

WASHINGTON, DC - July 12, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with Fidelity National Financial, Inc. (FNF) to settle allegations the title company paid real estate brokers and other settlement service providers improper kickbacks or referral fees in violation of the Real Estate Settlement Procedures Act (RESPA). Read the full text of the agreement announced today.

Destin , FL - July 12, 2011 - (RealEstateRama) -- An overwhelming majority of respondents surveyed feel that the foreclosure crisis is directly affecting their neighborhoods in the U.S., according to a new Housing Predictor poll. That’s the way Americans feel about the massive foreclosure crisis, which has forcibly taken the homes of more than 7-million U.S. homeowners and is forecast to force at least another 8 million homeowners out of their homes. An estimated 4 million residential properties are currently either in the formal foreclosure process or are more than 60 days in default on mortgages.

New York, NY - July 11, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has appointed Natalie Baghdadi as associate broker of the Bracha Group.

WEST ORANGE, N.J. - July 11, 2011 - (RealEstateRama) -- Townhomes at Vizcaya, the luxury residential community in West Orange, are becoming a popular option for a wide variety of individuals because of the flexibility they offer. They are ideally suited for families, couples and many others who are looking for a luxury living experience. The most recent group to purchase multiple townhomes at Vizcaya is the young downsizer. These are families with high school and college-age children who are looking for a more manageable residence than a single-family home in addition to the upscale lifestyle of a private community, but still want the space and privacy a private home offers.

Providence, RI - July 11, 2011 - (RealEstateRama) -- Governor Lincoln D. Chafee today signed into law H 5994 and S 0114: “An Act Relating to Public Property and Works,” authorizing the sale of surplus property in the I-195 area and establishing...

Washington, D.C. - July 11, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced its support for the federal "Safe Building Code Incentive Act" (H.R.2069), introduced by U.S. Rep. Mario Diaz-Balart, R-Fla., which would make states with national model building codes in place eligible for an additional four percent in relief funding after natural disasters. If enacted, the bill would serve to encourage states to head off disaster damage before it happens by requiring that homes meet nationally recognized standards.