Monthly Archives: July 2011

FRESNO, CA - July 22, 2011 - (RealEstateRama) -- More than half of Central Valley REALTORS® characterized closing short-sale transactions as “difficult” or “extremely difficult,” according to a Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience working with lenders in their most recent transaction. The majority of those surveyed dealt with short-sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner.

BOCA RATON, FL - July 22, 2011 - (RealEstateRama) -- Global Tower Partners (“GTP”) announced today that it closed its $645,000,000 Secured Tower Revenue Notes Global Tower Series 2011-2 on July 7, 2011. The Company issued $490,000,000 Series C Notes (rated A2(sf)/A(sf) by Moody’s and Fitch respectively) and $155,000,000 Series F notes (rated Ba3(sf)/BB-(sf) by Moody’s and Fitch respectively). The notes have a blended coupon of 5.135 percent with a 30-year legal maturity.

Raffles Place, Singapore - July 22, 2011 - (RealEstateRama) -- Petra Ecclestone, the daughter of F1 Supremo Bernie Ecclestone, has bought the Los Angeles home of Amercian film and television producer, Aaron Spelling.

Los Angeles, CA - July 22, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that it has been selected by IndCor Properties, Inc. (IndCor), an affiliate of Blackstone Real Estate Advisors, to provide property management services for a 22 million sq. ft. national industrial portfolio. The appointment comes on the heels of IndCor’s selection of CB Richard Ellis to manage a 4 million sq. ft. industrial portfolio in late 2010.

EUGENE, OR - July 22, 2011 - (RealEstateRama) -- Carol Patterson of Pinnacle Real Estate in Lake Keowee, South Carolina, has adopted the revolutionary IDX Broker software. Now, Patterson can integrate thousands of listings onto her website with a simpl...

WASHINGTON, D.C. - July 22, 2011 - (RealEstateRama) -- The Mortgage Bankers Association released a new, free mobile application today for iPhone and Android devices designed to help perspective homebuyers better navigate the mortgage process.

LITTLE ROCK, AR - July 22, 2011 - (RealEstateRama) -- Franklin County area residents will have a chance to talk with experts in hazard mitigation building techniques July 25 and 26 in Ozark

DENVER, CO - July 22, 2011 - (RealEstateRama) -- RE/MAX recently named Denver-based EquityLock Solutions as an Approved Supplier of Home Price Protection, which helps minimize the risk of real estate price fluctuations within local markets. Through this program, RE/MAX agents in the U.S. would be able to offer their clients this exclusive protection program.

EUGENE, OR - July 22, 2011 - (RealEstateRama) -- San Diego area properties are now conveniently displayed on one easy-to-use website, thanks to the partnership between IDX, Inc. and Brian Long. SANDICOR listings are synced seamlessly to the search page enabled by IDX, creating a comprehensive online database of properties for Long's clients to search. The IDX solution customized to fit the functionality his website has allowed Long to provide his clients and other potential San Diego area buyers with unprecedented access to SANDICOR listings, search tools and other IDX-hosted features

NEW YORK, NY - July 21, 2011 - (RealEstateRama) -- A broker survey conducted by the Real Estate Board of New York (REBNY) for the second quarter of 2011 found that 77 percent believe next quarter’s values and sales will be better than or the same as this quarter. Also, 10 percent more brokers reported closing sales at or above asking price compared to what brokers reported in the second quarter of 2010

WASHINGTON, D.C. - July 21, 2011 - (RealEstateRama) -- In the wake of reports that banks and mortgage processors have continued forging signatures and submitting false affidavits, U.S. Sen. Sherrod Brown (D-OH) wrote to federal regulators urging t...

Trenton, NJ - July 21, 2011 - (RealEstateRama) -- Highlighting the direct relief provided to New Jersey seniors in his Fiscal Year 2012 Budget, Governor Chris Christie today met with senior Sultana Kizides at her home in Perth Amboy to have a conversation about how his budget maintains fiscal discipline while prioritizing and funding core priorities to assist New Jersey seniors

HERNDON, VA - July 21, 2011 - (RealEstateRama) -- NAIOP, the Commercial Real Estate Development Association, today announced that CenterPoint Properties has been selected as the 2011 Developer of the Year.

Washington, DC - July 21, 2011 - (RealEstateRama) -- If regulators get their way, many qualified home buyers in Memphis, Tenn., may be shut out of the market very soon. That’s one of the reasons the National Association of Realtors® will be in town this weekend as part of its Home Ownership Matters Bus Tour.

Northbrook, IL - July 21, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a ground leased Logan’s Roadhouse property located at 3050 Riffel Drive in Salina, KS for $1,446,000

WASHINGTON, DC - July 21, 2011 - (RealEstateRama) -- Today, Congresswoman Lois Capps (CA-23) announced that the San Luis Obispo County Housing Trust Fund has been awarded a $600,000 grant from the U.S. Treasury Department’s Community Development Financial Institution Fund. The grant will allow the Housing Trust Fund to provide low-interest financing for affordable housing for middle class families in San Luis Obispo County.

Washington, DC - July 21, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 11 of her colleagues in the House of Representatives urging U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices. An identical letter was sent by U.S. Senator Robert Menendez (NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators.

New York, NY - July 21, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has appointed Ikhan El as a licensed real estate salesperson.

Bipartisan PACE Bill Will Create Jobs at the Local Level Washington, D.C. - July 21, 2011 - (RealEstateRama) -- Today a bipartisan group of members – Reps. Mike Thompson (D-CA), Nan Hayworth, M.D. (R-NY), and Dan Lungren (R-CA) - introduced the PACE Protection Act of 2011.

LOS ANGELES, CA - July 21, 2011 - (RealEstateRama) -- California pending home sales rose for the second consecutive month in June, while the share of distressed property sales was unchanged, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.