Archives

La Jolla, CA. - June 15, 2011 - (RealEstateRama) -- The Bay Area housing market in May posted modest month-to-month gains in sales and median prices, but those same measures fell sharply from year-ago levels, which had been pumped up artificially by homebuyer tax credits. Move-up buying and new-home sales were especially weak last month, while the share of sales involving distressed properties, cash buyers and investors remained far above normal, a real estate information service reported.

WASHINGTON, D.C. - June 14, 2011 - (RealEstateRama) -- Contractors suffered from a new round of price increases for key materials in May but were largely unable to pass their costs along to customers, according to an analysis of producer price index figures released today by the Associated General Contractors of America. Association officials said the ongoing cost squeeze—a result of sluggish demand for construction—threatens to drive more construction employees and firms out of work unless public officials lower barriers to public and private investment

New York, NY - June 13, 2011 - (RealEstateRama) -- In a move to broaden its transactional, financial, and operational capabilities, Faris Lee Investments today announced the launch of the Faris Lee Capital Markets Group. The move provides an even deeper level of retail investment expertise to the firm and its clients. The leadership of Faris Lee believes that controlling the finance process is crucial to the profit, timing and certainty of closing an investment transaction. Richard Berlinghof, principal with Faris Lee Investments and a 26-year financial industry executive, has been named managing partner of the Capital Markets Group.

AUSTIN, TX - June 9, 2011 - (RealEstateRama) -- BuildFax, a division of BUILDERadius, today announced that it has successfully closed a new $4 million round of funding, led by DMGI and with the support of Environmental Data Resources Inc. (EDR) which is wholly owned by DMG Information Inc., the business information division of Daily Mail and General Trust, plc. Today’s round of funding follows a $9 million investment by the same group in 2009, bringing the total amount of funding for BuildFax to $13 million

New York, NY - June 8, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced that the Company's executive management team, led by Marc Holliday, Chief Executive Officer, will make a presentation at the NAREIT REIT Week 2011 Investor Forum on Wednesday, June 8, 2011 at 2:15 p.m. EDT. The presentation will be simultaneously webcast, in a listen-only mode, on the Company's website at www.slgreen.com in the investor section under the "Event Calendar & Webcasts" tab.

West Hartford, Ct - June 7, 2011 - (RealEstateRama) -- CT REIA and Al Lowry presents: Secrets For Buying Foreclosures & Other Investment Properties

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has provided a $23.2 million senior loan commitment for the acquisition and re?development financing of 2055 L Street, NW, a Class B+ office condominium located in the “Golden Triangle” of Washington D.C.’s CBD. The borrower/property owner is a joint venture between Monument Realty and Angelo Gordon & Co. which acquired the asset in December 2010. With this loan in place, the joint venture will now commence a six-month rehabilitation to the owned 102,000 square foot condominium office portion of the 237,000 square foot building.

ALISO VIEJO, CA - June 3, 2011 - (RealEstateRama) -- Susan J. Barlow, chief executive officer of Newport Beach, Calif.-based Fiduciary Capital Inc., has been named to the board of directors for CT Realty Investors.

West Hartford, CT - June 2, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the National Association of Small Business Owners, or NASBO, is announcing a new entrepreneur workshop for Connecticut business owners. This event will take place on Monday June 13, 2011 from 6:30 pm to 9:00 pm at the Sheraton Four Points, 275 Research Parkway in Meriden, CT. Online registration in advance is $24 and admission at the door is $49.

Newport Beach, CA - June 1, 2011 - (RealEstateRama) -- Bringing a property to market is easy, trading that property however can be difficult, especially in a depressed market. Yet there are a growing number of real estate professionals who are expanding their service offerings to compete and succeed in such conditions.

Culver City, CA - June 1, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently sold a 60-unit apartment complex, The Keswick Court Apartments, located at 3902-3920 Lenawee Ave, Culver City, Calif.

SAN FRANCISCO, CA - May 31, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has partnered with Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, to acquire a 253,769 square foot class A office building located at 705 5th Avenue South in Seattle. The property is located within the Pioneer Square submarket, which is situated just south of the Seattle CBD, and is 98 percent vacant. The joint venture acquired the property from a private owner in an off market transaction.

WASHINGTON, DC - May 27, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced the final Fiscal Year 2011 block grant allocations to approximately 1,200 state and local governments under the Community Development Block Grants (CDBG), HOME Investment Partnerships (HOME), Housing Opportunities for Persons with AIDS (HOPWA), and the Emergency Shelter Grant Program (ESG). Read more about how HUD’s block grant programs will be allocated at the state and local level.

COLUMBUS, OH - May 26, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) is partnering with The Ohio State University (OSU) to launch the Homeownership Investment Program. The program will provide additional support for OHFA homeowners before and after they purchase their home, to increase their mortgage sustainability and overall financial well-being. The new program will enhance the streamlined homebuyer education currently offered by the Agency in conjunction with OHFA's successful affordable mortgage program for first-time homebuyers.

May 26, 2011 - (RealEstateRama) -- The Michigan Public Service Commission (MPSC) today noted that the Michigan Saves Home Energy Loan program will be increasing its loan cap from $12,500 to $20,000, effective June 1. The higher loan cap will eliminate a barrier for consumers who want to invest in deep energy efficiency for their home, and will give a greater boost to those who want to purchase solar photovoltaic systems.

HOBOKEN, N.J. - May 25, 2011 - (RealEstateRama) -- One of Hoboken’s newest luxury rental communities, 800 Madison Street, traded this week. Commercial real estate services firm Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group orchestrated the property’s sale from Tarragon Corp. to CB Richard Ellis Investors.

West Hartford, CT - May 23, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Dave Lindahl, is announcing a free wealth building conference for real estate investors on June 4 and 5, 2011. This event will take place from 8:00 am to 5:00 pm at the Comfort Inn, 900 East Main Street in Meriden CT. This is a free event. VIP seating and bonus sessions are also available for a nominal fee. Seating is very limited and interested parties are urged to register well in advance

Washington, D.C. - May 20, 2011 - (RealEstateRama) -- Congresswoman Shelley Berkley today welcomed an announcement that a conditional loan guarantee has been awarded to the Crescent Dunes Solar Energy Project in Nevada. The facility will create new clean energy jobs in the Silver State and boost the supply of renewable energy needed to power local homes and businesses."This is a smart investment that will create new Nevada jobs and increase our supply of clean renewable energy. That is why I fought Republican efforts to cut the loans for renewable energy projects like this new solar plant near Tonopah. Nevada's future is in clean energy and we can create jobs and strengthen our economy by investing in the development of more solar, wind, geothermal and other sources of renewable power found in abundance right here at home in the Silver State," said Berkley.

CHICAGO, LONDON, SINGAPORE - May 20, 2011 - (RealEstateRama) -- Cross-border direct commercial real estate investment volumes reached US$37 billion in Q1 2011, up 25 percent from a year ago, according to the recent Global Capital Flows report from Jones Lang LaSalle. Inter-regional volumes (capital moving between the Americas, EMEA and Asia-Pacific) rose to US$26 billion, a 70 percent increase over Q1 2010. This emphasises the appetite real estate investors have for acquiring foreign assets and far exceeds the 40 percent gain across the total market (cross border plus domestic investment) in the first quarter.

LAS VEGAS, NV - May 19, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, has been named the exclusive broker to market The District at Green Valley Ranch, a 384,107-square-foot landmark retail community center located in Green Valley Ranch, a leading master planned community located near Las Vegas at Green Valley Parkway and Interstate 215.