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Monthly Archives: July 2011

Governor Cuomo Signs Historic Property Tax Cap Legislation In Westchester County

Albany, NY - July 1 30, 2011 - (RealEstateRama) -- Governor Andrew M. Cuomo today traveled to Westchester County to sign New York's first property tax cap. The tax cap, a hallmark of Governor Cuomo's campaign and a priority of his administration's first year, will finally deliver relief to millions of homeowners and business owners across the state who for too long have been burdened by out-of-control property taxes

From Rags to Riches: An Entrepreneur’s Testimony

Clifton, NJ - July 1, 2011 - (RealEstateRama) -- Ankit Duggal, Founder of RER, LLC, a real estate investment and consulting company, sits down with Judson Voss of “Get Real REI” to share the ups and downs of launching your own business and divulges how he went from below zero revenue to managing millions in investment funding.

Hodgdon Group Negotiates Purchase and Completes Major Renovation of Former Wickes in Santa Clarita,...

COLTON, CA - July 1, 2011 - (RealEstateRama) -- Inland Empire-based Hodgdon Group, a full-service real estate brokerage, development and construction team, announced today that it has completed the conversion of the former Wickes Furniture building at the Centre Pointe Marketplace in Santa Clarita, Calif., for the opening of an Ashley Furniture HomeStore on July 1, 2011.

CUSHMAN & WAKEFIELD ARRANGES $32.6-MILLION SALE OF KEARNY INDUSTRIAL BUILDING

KEARNY, N.J. - July 1, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group has arranged the sale of 670 Belleville Turnpike, a 211,000-square-foot, single-story industrial building within Saw Mill Park. Seller Saw Mill Park, LLC, an affiliate of Carlstadt, N.J.-based Russo Development, was represented by the Cushman & Wakefield team of Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Stan Danzig, Jules Nissim, Stephen Elman, and Catherine Bounczek. San Francisco, California-based buyer Terreno Realty Corporation was represented in-house by Andrew Burke, Senior Vice President.

Triple Net Leased Pamida Property Sold by The Boulder Group

Northbrook, IL - July 1, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Pamida property located at 1500 East Sheridan Street in Ely, MN for $2,650,000.

CENTER FOR HOUSING POLICY DIRECTOR JEFFREY LUBELL LAUNCHES MONTHLY COLUMN

WASHINGTON, DC - July 1, 2011 - (RealEstateRama) -- The Center for Housing Policy launches a new column this month by Executive Director Jeffrey Lubell. The monthly column, Moving Forward, offers perspectives on the government role in housing and on broader housing market trends likely to shape future housing policy. The column will publish to the National Housing Conference’s Open House Blog, where the first installment is available now

IBTS Joins the Central City Team

Herndon, VA - July 1, 2011 - (RealEstateRama) -- The Institute for Building Technology and Services (IBTS) today opened its new Municipal Services Center on Sullivan Road which will be the hub for public service delivery to the city's 27,000 residents.

NREL’s Research Support Facility Certified LEED® Platinum

WASHINGTON, D.C. - July 1, 2011 - (RealEstateRama) -- The Research Support Facility (RSF) located on the campus of the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) has been certified LEED® Platinum for New Construction by the U.S. Green Building Council (USGBC), a non-profit organization dedicated to sustainable building design and construction.

KANSAS HOUSING CONFERENCE SEEKS 2011 AD ASTRA NOMINATIONS

July 1, 2011 - (RealEstateRama) -- Time is running out to submit your nominations for the 2011 Ad Astra Awards for Excellence in Housing and Community Development. The Ad Astra Awards recognize housing and community development trail blazers who consis...

The Community Builders and YouthBuild USA Announce Innovative Partnership

Providence - July 1, 2011 - (RealEstateRama) -- The Community Builders and YouthBuild USA today announced an innovative partnership in Providence that will provide opportunities for low-income young people enrolled in local YouthBuild programs to build and renovate affordable housing and pursue careers in the real estate industry. Providence Mayor Angel Taveras, U.S. Senator Jack Reed, and U.S. Congressman David Cicilline, along with students and local and national YouthBuild leaders, spoke at the event announcing the partnership.

Second Building Phase at Cranberry Hill Estates Selling Briskly

SHELTON, CT - July 1, 2011 - (RealEstateRama) -- A one-of-a-kind mix of classic style, smart energy-efficient features and luxurious amenities have helped propel steady sales at Shelton’s new Cranberry Hill Estates as phase two of construction at the Armstrong Road community continues, reports John Tarducci, Senior Vice President of the New Homes Division at William Raveis Real Estate, Mortgage & Insurance.

Foreclosure Crisis Falling and Rising in Major Cities

WASHINGTON, D.C. - July 1, 2011 - (RealEstateRama) -- ForeclosureListings.com has noticed falling and rising trends in foreclosures in recent months. Why? When the supply of homes outweighs the demand for them, the prices shrink. When the values are attractive enough to investors with enough money to withstand the smaller return on the investment, the supply is reduced and the prices sustain at a present level until the next surge of depressed properties are on the market available at discounted prices.

Realtor upgrades San Diego real estate website by adopting IDX Broker software

EUGENE, OR - July 1, 2011 - (RealEstateRama) -- With new agents and brokers adding customizable IDX solutions daily, IDX, Inc. is pleased to welcome Christine Lewis to the ever-expanding network of real estate professionals who have enhanced the online property search capabilities they host online. IDX Broker software now seamlessly integrates San Diego Regional MLS (SANDICOR) listings directly onto the website Lewis supports. A thorough and comprehensive IDX enabled search page allows San Diego, California home seekers to quickly and easily find the property of their dreams without leaving the convenience of the website of Lewis.

FHA ISSUES CONDOMINIMUM POLICY MORTGAGEE LETTER

WASHINGTON, DC - July 1, 2011 - (RealEstateRama) -- The Federal Housing Administration (FHA) today published updated condominium policy guidelines and instructions that clarify the approval and recertification process and policies for condo projects. FHA's mortgagee letter includes a Condominium Policy Guide and Implementation Schedule identifying timelines for lenders to comply with the guidelines

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

The Impact of High Speed Rail on Real Estate in China

In recent years, the interplay between high-speed rail (HSR) systems and land markets has emerged as a topic of significant interest. Despite the growing attention, the specific effects and underlying mechanisms of HSR on land prices have not been extensively studied. Our research aims to bridge this gap by analyzing China's land transaction data.