Monthly Archives: August 2011

Miami, FL - August 26, 2011 - (RealEstateRama) -- The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that Gerard Yetming has joined the firm as Vice President of Capital Markets. Mr. Yetming has more than 11 years of experience in commercial real estate with a focus on sales and finance, and is responsible for managing the company's acquisition, disposition, and financing activities.

EUGENE, OR - August 26, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce the latest real estate professional who has chosen to integrate an IDX solution onto their website and dynamic search page: Tennessee Realtor Kathy Oakes. As a full tim...

WASHINGTON, D.C. - August 26, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2011. On top of the list of firms is Wells Fargo with $442.9 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $346.5 billion, Berkadia Commercial Mortgage with $184.2 billion, Bank of America Merrill Lynch with $123.7 billion and KeyBank Real Estate Capital with $107.7 billion.

ORLANDO, FL - August 25, 2011 - (RealEstateRama) -- Florida Realtor, the Business Magazine of Florida Real Estate and monthly trade publication of Florida Realtors®, recently won six awards in the 2011 Florida Magazine Association’s (FMA) competition.Florida Realtor won a total of four Charlie Awards, the competition’s top honor or gold standard, including one for Best Overall Magazine and one for Best Written Magazine in its Trade/Technical category. Under writing excellence, the magazine received a Charlie Award for Best Department (Makeover) and another Charlie Award for Best Column (Tech & You).

WASHINGTON, D.C. - August 25, 2011 - (RealEstateRama) -- The Federal Trade Commission put an end to three schemes that claimed they would help consumers with their mortgage and debt problems, as part of settlements with defendants who allegedly claimed a bogus affiliation with government assistance programs.

WASHINGTON, DC - August 25, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) is charging RiverBay Corporation, a housing cooperative located in the Bronx, and two of its employees with violating the Fair Housing Act for denying a disabled man’s reasonable accommodation request. HUD brings the charge on behalf of the disabled tenant, claiming that RiverBay refused to allow the tenant to have a medically prescribed emotional support animal and that the cooperative’s security officers harassed the tenant because of the service animal.

IRVINE, CA - August 25, 2011 - (RealEstateRama) -- RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure homes, today released its Q2 2011 U.S. Foreclosure Sales Report™, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S. residential sales in the second quarter of 2011, down from nearly 36 percent of all sales in the first quarter but up from 24 percent of all sales in the second quarter of 2010.

WASHINGTON, D.C. - August 25, 2011 - (RealEstateRama) -- A coalition of 45 national organizations sent a letter to President Barack Obama’s domestic policy and economic teams today asking that the Administration include at least $10 billion for the National Housing Trust Fund in the President’s jobs-creation plan.

WASHINGTON, D.C. - August 25, 2011 - (RealEstateRama) -- The latest Mortgage Bankers Association (MBA) mortgage report shows a rise in 30-day delinquencies, including an increase in late payments on prime, fixed-rate mortgages. Overall, the picture hasn’t changed significantly from first quarter, as one in 11 mortgage holders remains at serious risk of foreclosure (60 days delinquent or more).

NEW YORK, NY - August 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced its New York Capital Markets team has closed the sale of 1552 Broadway for the Riese Organization. A joint venture of SL Green and Wharton Acquisitions purchased the 15,000-square-foot retail property for $136,550,000.

Scottsdale, AZ - August 25, 2011 - (RealEstateRama) -- In July 2011, GPE Commercial Advisors reported closing five purchase transactions for $4.2M (51,850 square feet plus a 38.16 acre land sale), 12 lease transactions for $1.8M (37,136 square feet). C...

NEW YORK CITY, N.Y. - August 25, 2011 - (RealEstateRama) -- Hudson Realty Capital LLC, a Manhattan-based real estate fund manager specializing in the middle market, has funded a $5.65 million DPO loan for a 14,000-square-foot mixed-use loft building in New York City. The sponsor is utilizing the proceeds to refinance and renovate the five-story building located in the heart of the city’s Tribeca neighborhood.

EUGENE, OR - August 25, 2011 - (RealEstateRama) -- Today, IDX, Inc. welcomes John Williams of M.O.R.E. Realtors to the growing network of agents and brokers who have chosen to integrate the dynamic IDX Broker software onto their real estate websites. Williams, a member of the Mid-America Regional Information Systems (MARIS), now hosts a comprehensive database of listings online, supplying his clients with a complete online real estate resource for their property search.

Fort Lauderdale, FL - August 25, 2011 - (RealEstateRama) -- Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Bank of America Office Plaza, a six-story office building located in Hollywood, FL, according to Gregory Matus, Regional Manager / Vice President of the firm’s Ft. Lauderdale office. The asset commanded a sales price of $5,425,000

NEW YORK CITY, NY - August 25, 2011 - (RealEstateRama) -- The Empire State Building and Walgreens have completed a transaction to benefit the building’s neighborhood, tenants, and visitors to its world-famous Observatories. Walgreens, the nation’s largest drugstore chain, has just renewed its lease on the ground floor of the building’s corner at Fifth Avenue and 33rd Street, and exchanged 10,000 square feet on the concourse level of the property for 10,000 square feet on the second floor.

Torrance, CA - August 25, 2011 - (RealEstateRama) -- Prior to joining Pircher, Nichols & Meeks, Giselle was an associate with O’Donnell & Associates. She was a trial attorney focused on complex business litigation with a proven ability in intellectual property, class action, real estate, white-collar criminal, antitrust, appellate and environmental litigation. While there, she first-chaired and won a breach of contract case. In addition, Roohparvar has also held associate and research associate positions at Greenberg Traurig, LLP and Johns Hopkins University School of Advanced International Studies, respectively.

NEW YORK CITY, NY - August 25, 2011 - (RealEstateRama) -- Starbucks has taken the last remaining retail space at W&H Properties’ 1350 Broadway, completing the retail repositioning of the property, announces Anthony E. Malkin, president of Malkin Holdings, which supervises W&H Properties.

Las Vegas, NV - August 25, 2011 - (RealEstateRama) -- While short sales minimize damage to your credit versus foreclosure, the fact remains that the goal of every short sale is to walk away without the bank coming after you at some future date down the road. So why are some homeowners asked to pay substantial promissory notes in exchange for a short sale approval, while other homeowners are not asked to pay a promissory note at all? The answer can almost always be found by looking at the experience (or lack of experience) of the Real Estate Agent. There are certain factors which minimize hardship in the eyes of banks and bank Investors, and are essentially short sale deal killers. A Realtor experienced with short sales will be able to explain the banks perception of hardship and how it applies to your particular situation.

Madrid, Spain: - August 25, 2011 - (RealEstateRama) -- The Spanish Government has cut value added tax on new property in Spain by 50 per cent with immediate effect. The reduction in VAT (Spanish - IVA) from eight per cent four per cent on new build Sp...

Washington, DC - August 25, 2011 - (RealEstateRama) -- Commercial real estate vacancy rates are flat and projections for growth have been moderated because economic growth and job creation have been weaker than expected, but modest improvements are expected over the coming year, according to the National Association of Realtors®