Property, Rentals, Transactions

Washington, DC - May 25, 2011 - (RealEstateRama) -- The Federal Housing Administration plays a critical role in the nation’s housing financing system, providing safe, affordable mortgage financing to consumers in all markets during all economic conditions, the National Association of Realtors® said in testimony today

CALABASAS, CA - May 25, 2011 - (RealEstateRama) -- Porky Products, Inc. one of the largest independent meat and seafood distributors in the country, has signed a seven year lease for approximately 6,000 square feet of office space at 5230 Las Virgenes Road in Calabasas, CA, according to Robert D. Erickson, a Principal with Lee & Associates-LA North/Ventura, Inc., who represented the tenant in the transaction.“

NORTH HOLLYWOOD, CA - May 25, 2011 - (RealEstateRama) --A 15-unit multifamily asset here was sold for $2,450,000, among the highest prices paid on a per square foot and on a gross rent multiplier basis in the North Hollywood submarket since 2007, according to Jeff McGuire, Senior Vice President, Special Assets and a Principal of Lee & Associates-LA North/Ventura, Inc, who represented the buyer and the seller in the transaction.

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.

New York, NY - May 25, 2011 - (RealEstateRama) -- Flatbush Gardens Tenants Association filed a lawsuit in New York State Supreme Court today against David Bistricer, a principal of Renaissance Equity Holdings LLC, which owns and operates Flatbush Gardens, the sprawling 59-building housing complex in Brooklyn. Renaissance and an affiliated LLC are also named as defendants.

May 25, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1.9 million sales transaction for a 42,700-square-foot industrial building located at 7260 Sycamore Canyon Boulevard in Riverside, California.

PITTSBURGH, PA - May 24, 2011 - (RealEstateRama) -- A resident of Richland Township, Pennsylvania has been sentenced in federal court to 27 months in prison and two years of supervised release on his conviction of wire fraud conspiracy, United States Attorney David J. Hickton announced today.

NASHVILLE, Tenn.- May 24, 2011 - (RealEstateRama) -- Mitigation specialists from the Federal Emergency Management Agency will be in Memphis Lowe's and Home Depot stores this week. They will answer questions and offer home improvement tips and proven techniques to prevent and lessen damage from future disasters.

NEW YORK, NY - May 24, 2011 - (RealEstateRama) -- On behalf of Morgans Hotel Group, Jones Lang LaSalle Hotels today announced the sale of the Morgans and Royalton Hotels in New York. FelCor Lodging Trust purchased the two hotels for $140 million. Leading the Jones Lang LaSalle Hotels team on this transaction was Executive Vice President Jeffrey Davis with Vice President Gilda Perez-Alvarado.

San Francisco, CA - May 24, 2011 - (RealEstateRama) -- Oliver Burgelman, long-time agent at Zephyr Real Estate, has created a new web tool to demonstrate how the real estate market in San Francisco is trending. The website, allows viewers to instantly see on a San Francisco map whether the average price per square foot is increasing or decreasing. This unique market-trends tool shows properties currently available for sale in all of San Francisco, or by one of the 10 MLS districts, by neighborhood or by a customized “price square” of the viewer’s choosing.

Jackson, MS - May 24, 2011 - (RealEstateRama) -- While other parts of the state are dealing with the aftermath of the flooding and tornado natural disasters, Commissioner of Insurance Mike Chaney and the Mississippi Insurance Department (MID) remind coastal Mississippians that hurricane season begins in a little over a week. Preparations for a forecasted active, 2011 Hurricane season need to begin now, during National Hurricane Preparedness Week, May 22-28, 2011.

WASHINGTON, D.C - May 24, 2011 - (RealEstateRama) -- “Today’s report shows that the banking industry continues to gain strength. For a year now, asset quality has steadily improved, loan losses have declined, and capital is at record highs. This forward momentum helps solidify the base for making new loans to bolster growth in the expanding economy. “Banks added nearly $25 billion in equity capital during the first quarter and total industry capital is now more than $1.5 trillion. Banks also have set aside more than $218 billion in reserves to cover possible loan losses. Capital plus reserves gives a total buffer protecting the industry of more than $1.7 trillion. This demonstrates strong industry-wide improvement and a continued build-up of underlying strength. In addition, the industry capital-to-assets ratio – a key measure of financial strength – continues to remain very strong and ended the quarter at an all-time high.

Scottsdale, AZ - May 24, 2011 - (RealEstateRama) -- A mere eight weeks after opening two model homes at The Village at Paradise Reserve, Cullum Homes is proud to announce that Phase One of the luxury new home community just west of 40th Street on Lincoln Drive near Paradise Valley has sold out. Two homes in Phase Two have also been sold.

WASHINGTON, DC - May 24, 2011 - (RealEstateRama) -- ABA Housing Partners Foundation announced today its partnership with Texas Bankers Association to build a Habitat for Humanity home in San Antonio, Texas. The two groups will work together to raise donations from bankers across the country to fund the foundation’s first build in the Southwest at the American Bankers Association’s Annual Convention in October 2011

Torrance, CA - May 24, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, closed the $1.8 million sale of a 22,400-square-foot industrial property at 5217 Industry Ave., in Pico Rivera, Calif. Senior Vice Presidents Jeff Bethel of Lee & Associates’ City of Industry office and Peter D. Bacci of Lee & Associates-Central Los Angeles represented both the buyer and seller in the transaction. Daniels Western Meat Packers, Inc., a meat and food products supplier since 1953, purchased the property in an all cash deal from Burke & McCoy Family Trusts.

RALEIGH, N.C. - May 24, 2011 - (RealEstateRama) -- Safe-rebuilding specialists from the Federal Emergency Management Agency will be in Lumberton, Jacksonville, Fuquay and Wake Forest beginning Thursday, May 26, to provide free rebuilding information and answer questions about how to strengthen property against future storm damage.

EUGENE, OR - May 24, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to welcome Wilmington, North Carolina real estate agent Tricia Delp to the growing network of agents and brokers that have chosen to integrate the innovative IDX Broker software onto their website. Delp now supplies thousands of Wilmington Regional MLS (WRARMLS) listings to area home seekers, giving them a unique and thorough database of listings for them to utilize throughout their search. With the dynamic search page Delp now hosts, as well as the IDX Broker application for iPhone, her clients are always connected to the easily accessible database on the website of Delp. Never again will a Wilmington buyer experience a complicated or time-consuming online real estate search, when they work with Delp and her professional website

Washington, DC - May 24, 2011 - (RealEstateRama) -- The improving economy and job creation mean growing demand for commercial real estate, according to the National Association of Realtors®

CHICAGO, IL - May 23, 2011 - (RealEstateRama) -- For the fourth consecutive time, Jones Lang LaSalle (NYSE: JLL) has been recognized as the best overall provider of corporate real estate services by the Watkins 2011 Survey of Corporate Real Estate Service Providers. Of the 23 providers evaluated by the largest users of commercial real estate services, Jones Lang LaSalle was rated #1 overall and in several key categories, including use of cutting-edge technology, financial strength, reputation, and geographic scope.

Washington, DC - May 23, 2011 - (RealEstateRama) -- Congressman David Scott [GA-13], in partnership with the U.S. Departments of Treasury and Housing and Urban Development (HUD), will host the powerful two-day “Help for Homeowners Community Events” on Friday, June 17, 11am-7:30pm and Saturday, June 18, 9am-3pm. These events will take place at the Georgia International Convention Center in College Park.