Yearly Archives: 2011
John Gallin & Son Constructs Prototype “Sushi-teria” at 601 Lexington Avenue
NEW YORK CITY, NY - December 9, 2011 - (RealEstateRama) -- Construction firm John Gallin & Son has completed work on the city’s first “Sushi-teria” for noted restaurateur Victor Chan, at the Atrium Shops + Cafés at 601 Lexington Avenue (for...
Langevin and Cicilline Fight for the Low-income Housing Energy Assistance Program (LIHEAP)
WASHINGTON, D.C. - December 9, 2011 - (RealEstateRama) -- U.S. Congressmen James Langevin (RI-02) and David Cicilline (RI-01), are taking a lead role in trying to preserve heating assistance for struggling families this winter. Rhode Island’s two representatives were original co-sponsors of legislation, just introduced with Congresswoman Chellie Pingree (ME-01), that would allocate $4.7 billion for the Low Income Home Energy Assistance Program (LIHEAP) in Fiscal year 2012, ensuring resources equal to the previous year’s levels. The bill matches the measure sponsored by Senators Jack Reed and Sheldon Whitehouse.
Former Mountain View Businessmen Plead Guilty to Real Estate Investment Fraud
SAN FRANCISCO, CA - December 9, 2011 - (RealEstateRama) -- James Stanley Ward, Edward George Locker, and Richard Ferguson Tipton pleaded guilty in federal court in San Francisco to conspiracy to commit mail and wire fraud, United States Attorney Melind...
Housing Subcommittee Unanimously Approves Congressman Al Green’s Homes for Heroes Act.
Washington, DC - December 9, 2011 - (RealEstateRama) -- This week, the House Financial Services Committee, Subcommittee on Insurance, Housing and Community Opportunity passed H.R. 3298, the Homes for Heroes Act. The bill establishes a Special Assistant...
Real Estate Firm Gateside Corporation Relocates To Malkin Properties’ 500 Mamaroneck Ave. in Harrison
HARRISON, N.Y. - December 9, 2011 - (RealEstateRama) -- Gateside Corporation, a commercial and residential real estate development and investment company, has sold its offices in Rye, NY, and will relocate to Malkin Properties’ 500 Mamaroneck Avenue ...
Himes, Blumenthal Announces $2.8 Million for Norwalk’s Kingsway Senior Housing
WASHINGTON, DC - December 9, 2011 - (RealEstateRama) -- Kingsway Senior Housing Facility, Congressman Jim Himes (CT-4), and Senator Richard Blumenthal (CT) announced today that the retirement community in Norwalk will receive a grant of $2,836,302 to c...
MassHousing Closes $2.7 Million for Tri-Town Landing Apartments in Lunenburg
BOSTON, MA - December 9, 2011 - (RealEstateRama) -- MassHousing announced today that it has closed $2.7 million in loans for the first phase of the Tri-Town Landing Apartments, a 66-unit rental development in a Smart Growth District in Lunenburg.
NLIHC Calls on Congress to Support Protecting Tenants at Foreclosure Act Extension
WASHINGTON, D.C. - December 9, 2011 - (RealEstateRama) -- The Protecting Tenants at Foreclosure Act (PTFA), passed in 2009 and signed into law by President Obama, guarantees that banks and other new owners of rental housing after foreclosure provide at least 90 days’ notice to renters living in foreclosed homes. Before PTFA was in place, tenants could be evicted from their homes with as little as a few days’ notice when the property was foreclosed.
HouseLogic Poll Finds Voters Driven by Jobs, Housing in 2012 Election
Washington, DC - December 9, 2011 - (RealEstateRama) -- A recent survey by Houselogic.com, the consumer website from the National Association of Realtors®, finds that jobs and the housing market will be two of the most important issues for voters in the 2012 election. Nearly one-third of respondents said housing will be the top issue on their mind when they head to the polls next November.
CUSHMAN & WAKEFIELD BROKERS HQ LEASE FOR ADVANCE HOUSING, INC.
TETERBORO, N.J. - December 9, 2011 - (RealEstateRama) -- Advance Housing, Inc., a state-funded Community Housing Development Organization, has leased 14,000 square feet for its headquarters at 100 Hollister Road in Teterboro, announced commercial real ...
REALTORS® Applaud Bill to Protect Taxpayers From Mortgage Industry Bailouts
Washington, DC - December 9, 2011 - (RealEstateRama) -- The National Association of Realtors® supports legislation introduced today that provides sensible reform of the secondary mortgage market and protects the interest of taxpayers.
Cervera Real Estate Founder Alicia Cervera Senior Receives Master Broker Lifetime Achievement Award
Miami, FL - December 9, 2011 - (RealEstateRama) -- The Master Brokers Forum, an organization comprised of South Florida's top residential real estate professionals, awarded Alicia Cervera Sr. a Lifetime Achievement Award for her years and dedication to...
Flawed Appraisals Killing Home Sales, Hampering Housing Recovery
WASHINGTON, D.C. - December 9, 2011 - (RealEstateRama) -- One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on their homes are less than the contract sales price, according to a recent nationwide survey conducted by the National Association of Home Builders (NAHB).
Lee & Associates Closes Lease Deal and Two Sales, as East Valley Commercial Real...
Phoenix, AZ - December 9, 2011 - (RealEstateRama) -- Lee & Associates Arizona is pleased to announce a pair of commercial property sales and a five-year lease in the East Valley. In the first deal, the Freeway Executive Center II office developmen...
NYCEDC Seeks Proposals to Reactivate a Vacant Property in Flushing, Queens
New York, NY - December 8, 2011 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the disposition and redevelopment of an approximately 2,500 square foot property located at 135...
Garrett Chairs Hearing to Examine Private Mortgage Market Investment Act
WASHINGTON, DC - December 8, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, delivered the following opening statement today at a hearing to ...
Turner Building Cost Index Reflects a .49% Increase from Third Quarter
WASHINGTON, D.C. - December 8, 2011 - (RealEstateRama) -- Approximately 90% of Turner’s business is performed under contract arrangements, where Turner provides extensive preconstruction planning services before the contract price is fixed and before construction starts. By providing preconstruction services and utilizing enhanced procurement strategies, Turner effectively manages the market risks associated with cost-related issues.
Housing Authority Addresses Issues At Apartments
December 8, 2011 - (RealEstateRama) -- The Hampton Redevelopment and Housing Authority now owns the Harbor Square Apartments in downtown Hampton and is taking steps to address the most serious problems at the complex.
County holds line on property taxes, braces for state budget cuts
Vancouver, WA - December 8, 2011 - (RealEstateRama) -- The Board of County Commissioners approved a balanced budget for 2012 following a public hearing Tuesday night, as required by law. In a unanimous vote, the commissioners adopted recommendations ...
November Market Report
MEMPHIS, TN - December 8, 2011 - (RealEstateRama) -- Memphis-area home sales for November jumped 28.4 percent from a year ago, with 1,076 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales...