Yearly Archives: 2011
Lee & Associates Closes $6.2 Million Industrial Transaction
Torrance, CA - December 21, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed a $6.2 million sale of an industrial building at 4200 Mission Blvd. in Ontario, Calif.
Real Estate Mortgage Network, Inc., Launches Wholesale 203(k) Rehabilitation Product And Simplifies...
River Edge, NJ - December 21, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is introducing their customized Wholesale FHA 203(k) Rehabilitation Product to remove the complexity out of the process for independent retail lenders across the country. This new REMN Wholesale product dramatically improves the 203(k) experience for everyone involved by leveraging an in-house REMN team to manage the entire procedure. In challenging times, REMN Wholesale’s 203(k) initiative is just one more way in which the company is helping independent brokers find success.
Outer Banks Oceanfront Real Estate Absorption Rate
Outer Banks, NC - December 20, 2011 - (RealEstateRama) -- This is the third year in a row with increased real estate sales across all sectors of the Outer Banks real estate market from the low end properties all the way up to oceanfront real estate.
Hatters Island Oceanfront Home Absorption Rate
December 20, 2011 - (RealEstateRama) -- Hatters Island, on the south end of the Outer Banks, is in the middle of an oceanfront home shortage. No need to worry though, because the shortage is only because there are not enough oceanfront houses for sale...
GPE Closes 62,225 Square Feet for $3.95M in November 2011
December 20, 2011 (Scottsdale, Arizona) - GPE Companies (www.gpe1.com) reported closing 16 sales and leasing transactions in the amount of $3.95M for 62,225 square feet. Additionally, GPE Management Services successfully concluded construction supervis...
CUSHMAN & WAKEFIELD ARRANGES $285 MILLION SALE OF JERSEY CITY’S 10 EXCHANGE PLACE
JERSEY CITY, N.J. - December 20, 2011 - (RealEstateRama) -- Cushman & Wakefield’s Metropolitan Area Capital Markets Group (CMG) has orchestrated the sale of 10 Exchange Place. The 748,005-square-foot building is a 30-story trophy office tower and...
Rahall Announces $1.4 Million for Homeless Housing Assistance
WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- U.S. Rep. Nick Rahall (D-W.Va.) Tuesday announced southern West Virginia has been awarded more than $1.4 million for homeless housing and support initiatives. “We all know what having a home ...
Governor Chris Christie’s Sick Pay Reforms Needed to Deliver Real, Long-Term Property Tax Relief...
Trenton, NJ - December 20, 2011 - (RealEstateRama) -- Governor Chris Christie has put forward a common sense policy to finally end the wasteful practice of paying out taxpayer dollars to public workers for unused sick days. These local government oblig...
NYCHA Chairman Rhea and HPD Commissioner Wambua Announce Second Development in NYC to Combine...
New York, NY - December 20, 2011 - (RealEstateRama) -- NYC Housing Authority (NYCHA) Chairman John B. Rhea and NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua announced today the release of a Request for Propo...
Reed Announces $4.6 Million to Help Homeless
PROVIDENCE, RI - December 20, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive $4.6 million in federal Continuum of Care funding to combat homelessness. These funds were made available through the...
REP. PASCRELL ANNOUNCES MORE THAN $500,000 IN FEDERAL HUD GRANTS FOR PATERSON, PASSAIC COUNTY...
WASHINGTON, DC - December 20, 2011 - (RealEstateRama) -- U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today announced a total of $584,259 in federal Housing and Urban Development (HUD) grants were awarded to local organizations and nonprofit agencies that ser...
Seneca Falls Couple Arrested and Charged with Mortgage-Related Fraud and Conspiracy
ROCHESTER, NY - December 20, 2011 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that Calvin Brainard, Esq., 66, and Mary Brainard, 52, both of Seneca Falls, NY, were arrested and charged by Criminal Complaint with mail frau...
GPE Closes Deal on Office Building in Prestigious Kierland Area of Scottsdale
December 20, 2011 (Scottsdale, Arizona) - GPE Commercial Advisors, an award-winning commercial real estate firm, secured the sale of a 13,531 square foot, two-story office building in upscale, Scottsdale Airpark on 7020 East Acoma Drive in Scottsdale. ...
Valley Performing Arts Center Honored for Design Excellence
Torrance, CA - December 20, 2011 - (RealEstateRama) -- The Valley Performing Arts Center (VPAC) at California State University-Northridge has won several recent design awards for architectural excellence. Designed by HGA Architects and Engineers, the P...
CONSTRUCTION EMPLOYMENT RISES IN ONLY 19 STATES AND THE DISTRICT OF COLUMBIA IN NOVEMBER,...
WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- Construction employment rose in only 19 states and the District of Columbia in November, a weaker showing than in recent months, according to an analysis by the Associated General Contractors of America of Labor Department data. In contrast, 25 states plus D.C. added jobs on a year-over-year basis, while 24 states shed construction jobs.
Lee & Associates Completes 36-Month Industrial Lease on Behalf of Investment Building Group
Torrance, CA - December 20, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 36-month lease for a 141,200 square-foot industrial space located at 105...
Americans Are Ready and Willing to Buy, But Seller Sentiment Remains Extremely Negative
WASHINGTON, DC - December 20, 2011 - (RealEstateRama) -- Prospective homebuyers believe now is a good time to buy, given today’s low home prices and low mortgage interest rates, but potential sellers are nearly unanimous in reporting that it is not a good time to sell a home, citing difficulty in finding buyers at desired sales prices, according to a study released today by the Mortgage Bankers Association (MBA).
HUD AWARDS $1.5 BILLION TO MORE THAN 7,100 LOCAL HOMELESS PROGRAMS
Funding supports Obama Administration strategy to prevent and end homelessness
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded $1.47 billion...
New-Home Production Rises 9.3 Percent in November
WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- Production of new single-family homes and apartments rose 9.3 percent to a seasonally adjusted annual rate of 685,000 units in November, according to figures released by the U.S. Commerce Department today. This marks the fastest pace of housing starts since October of 2008.
Voit Real Estate Services Appoints Susan Doris To Grow Its Asset Management Portfolio In...
SACRAMENTO, Calif., (December 19, 2011) –Voit Real Estate Services has hired Susan Doris as an Asset Manager in its Sacramento office to increase the company’s Asset Services business in Northern California and Reno, according to Kevin Sheehan, Man...