Monthly Archives: July 2011

New York, NY - July 11, 2011 - (RealEstateRama) -- The Clinton Giustra Sustainable Growth Initiative (CGSGI) announced today the signing of agreements with SENA and CAMACOL Bogotá and Cundinamarca (CAMACOL B&C) that establish the first on-site job training and certification program for construction workers in Colombia. CGSGI will develop a portable, on-site training facility in the Ciudad Verde ("Green City") low-income housing development in Soacha, Cundinamarca, near Bogotá, the capital of Colombia to offer free training and certification for 5,000 construction workers. The on-site training program will utilize courses developed by SENA, the National Learning Service of Colombia, and trainees will be evaluated by CAMACOL B&C, the Colombian Chamber of Construction. Workers will receive certifications from SENA for the competencies in which they have been trained.

LOS ANGELES, CA - July 11, 2011 - (RealEstateRama) -- Six Los Angeles County residents have been charged for their roles in a mortgage fraud scheme that used fraudulent loan applications and supporting documents to convince lenders to fund approximately 20 loans that resulted in approximately $4 million in losses.

BOSTON , MA - July 11, 2011 - (RealEstateRama) -- MassHousing announced today that it has closed a $1.759 million loan for the Homes at Easthampton Meadow, the third and final phase of a mixed-income, multi-generational housing community for seniors and families with foster or pre-adoptive children.

Boston, MA - July 11, 2011 - (RealEstateRama) -- On June 20, the Department of Housing and Community Development (HUD) made funding available to help homeowners avoid foreclosure. The funding program – the Emergency Homeowners’ Loan Program (EHLP) – will provide much-needed funds for homeowners who have lost their job or experienced an involuntary decline in income. Homeowners who have received a foreclosure notice may be eligible for a deferred payment loan that will allow them to pay loan arrearages, back taxes and up to 24 months of mortgage payments. The EHLP loans will be two-year, no interest, forgivable loans. Eligible families must make less than 120 percent of the median income.

LITTLE ROCK, AR - July 11, 2011 - (RealEstateRama) -- Housing inspectors from the Federal Emergency Management Agency (FEMA) have started visiting disaster-damaged homes in Franklin and Johnson counties as an early step in rushing assistance to elig...

NEWARK, N.J. - July 11, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc. has been named exclusive leasing agent for Liberty Logistics Center, a 191,000-square-foot industrial property at 158 Mount Olivet Avenue in Newark. Stephen Elman, Jules Nissim and Robert Adams of the commercial real estate services firm’s East Rutherford, N.J., office are handling the assignment on behalf of Prologis, the building’s owner. The team currently is marketing a 41,000-square-foot availability.

El Segundo, CA - July 11, 2011 - (RealEstateRama) -- Partner Engineering and Science, Inc. reports increasing activity in due diligence for sales of REO and non performing loans by banks, announced company President Joe Derhake. This significant jump in activity is yet another indication that the market appears to have bottomed, says Derhake. Many lenders kept these assets on balance sheet for fear of taking losses in a declining market. The increase in REO sales suggests that the brighter tomorrow that both lenders and opportunistic investors have been waiting for may have finally dawned

NEW YORK, NY - July 11, 2011 - (RealEstateRama) -- With an intense focus on conquering the nation's employment crisis, the National Urban League has opened registration for its Conference, "Jobs Rebuild America" - four days of dialogue, workshops and forums on jobs, education reform, wellness and housing at the Boston Convention and Exhibition Center July 27-30.

CLIFTON, N.J. - July 11, 2011 - (RealEstateRama) -- The list of prominent real estate industry leaders signing up to participate in the 2nd Annual Lease For A Cure program continues to grow with nine new companies joining the fundraising effort in which participants donate to the Cure Breast Cancer Foundation (CBCF) for every new lease and renewal signed at their rental communities this October.

Brea, CA - July 11, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., takes a step in its strategy of investing in new Southeastern U.S. markets by selling The Brea Center in Brea, Calif. The 56,945-square-foot retail center at 719-96 Brea Blvd., sold to Gerrity Atlantic Retail Partners, LLC, for $14.5 million.

Washington, D.C. - July 11, 2011 - (RealEstateRama) -- Today, the Obama Administration launched Strong Cities, Strong Communities (SC2), a new and customized pilot initiative to strengthen local capacity and spark economic growth in local communities, while ensuring taxpayer dollars are used wisely and efficiently. To accomplish this, federal agencies will provide experienced staff to work directly with six cities: Chester, PA; Cleveland, OH; Detroit, MI; Fresno, CA; Memphis, TN; and New Orleans, LA. These teams will work with local governments, the private sector, and other institutions to leverage federal dollars and support the work being done at the local level to encourage economic growth community development.

Santa Rosa, CA - July 8, 2011 - (RealEstateRama) -- It was announced that hybridCore Homes and Champion Home Builders have signed an agreement to begin marketing hybridCore Homes designs. These designs have been created with an innovative Core that is built in a factory with the rest of the home built by conventional methods at the home site. The Core consists of the complex portions of the home that include complete kitchens, baths and laundry areas as well as the heating system. Once the Core is placed on the foundation, construction crews build the balance of the home around it. “This method increases quality, cuts construction time in half, and creates meaningful cost savings at the same time”, stated Shaun Faber, Co-founder and managing partner of hybridCore Homes.

Las Vegas, NV - July 8, 2011 - (RealEstateRama) -- A recent report released by IMS Advanced Realty Data Services named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010. According to the report, The Myers Team with the Caliber Realty Group has closed more short sale transactions than any Realtor or Broker in Las Vegas. The Myers Team is nationally recognized as one of the most influential figures in real estate today. According to Myers Team owner, Bill Myers, “Surrendering a home worth half of what you owe is NOT a failure, it's a business decision. A short sale is an opportunity for you and your family to take control and walk away free and clear. Nobody wants to lose their home; however, loan modification doesn’t work and there is no need to go down with a sinking ship

COLUMBUS, OH - July 8, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) was recently selected by the U.S. Department of Housing and Urban Development (HUD) to serve as the Project Based Contract Administrator (PBCA) for Section 8 pr...

BISMARCK, ND - July 8, 2011 - (RealEstateRama) -- The North Dakota Housing Finance Agency (NDHFA) has awarded more than $4.2 million through the federal Neighborhood Stabilization Program for the redevelopment of foreclosed, abandoned or vacant propert...

DENVER, CO - July 8, 2011 - (RealEstateRama) -- HomeSteaders, the auxiliary support group for the non-profit Family HomeStead organization, will host its Fourth Annual LoDo Loft Tour on Sunday, July 24, 2011 from 2-5 p.m. Family HomeStead provides ...

Columbia, MO - July 8, 2011 - (RealEstateRama) -- Columbia Missouri is one of the great cities of the country and has some of the most sought after homes in the state, including homes near university of Missouri. The homes offered from Columbia Missouri Real Estate are mostly affordable, situated in an active community and a friendly environment, perfect for families. By browsing through their YouTube channel, interested homebuyers can visualize the homes they are interested in and make it easier for them to make a decision.

West Hartford, CT - July 8, 2011 - (RealEstateRama) July 20, 2011 - 5:30 to 9:00 pm Crowne Plaza Hotel. 100 Berlin Road. Cromwell, CT Register at http://www.ctreia.com/events.php?a=v&i=349 Housing prices are down, but rentals have held up much better. CNN says Real Estate: It's time to buy again. Forget stocks. Don't bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.

EDISON, N.J. - July 8, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has appointed Patrick Connelly of Monroe Twp., N.J., as its director of industrial property management in New Jersey. This strategic hire reflects the company’s initiative to fully integrate its industrial platform locally, regionally and nationally.

Northbrook, IL - July 8, 2011 - (RealEstateRama) -- The Boulder Group, a single tenant investment brokerage firm, has completed the sale of a single tenant GSA property located at 353 West Alto Road in Kokomo, IN for $2,272,800. The 9,684 square foot property was developed in 2008 for the Social Security Administration. The single tenant property is leased to the GSA with seven years remaining on the primary lease term.