Archives

Miami, FL - July 6, 2011 - (RealEstateRama) -- The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that it has been awarded the contract to purchase seven lots of land totaling 3.25 acres in the Bayside Development area of Portland, Maine. The land is located on Somerset and Elm Streets, is currently owned by the City of Portland and received unanimous approval from the City Council of Portland to be sold to The Federated Companies. The Federated Companies' worked diligently to incorporate the city's concept into the master plan for the mixed-use site which includes housing, retail, a medical office, and a public parking structure. The company will continue to develop the master plan and timeline with the city.

West Hartford, CT - July 5, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Than Merrill of A&E’s “Flip This House” and Bob Lachance, is announcing a July 2011 weekend seminar for real estate investors. This seminar will take place on Saturday July 16, 2011, from 9:00 am to 5:00 pm at the Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT. Admission for this event varies according to ticket type.

LAS VEGAS, NV - July 4, 2011 - (RealEstateRama) -- Rob Flitton, “The Closer”, of RE/MAX CENTRAL in Las Vegas, a talented and successful REALTOR® with more than 25 years of experience in the real estate and land development industries, has achieved yet another important milestone as a CERTIFIED INVESTOR AGENT SPECIALIST ™ (CIAS).

Los Angeles, CA - July 4 30, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has completed the acquisition of ING Clarion Real Estate Securities (CRES) from Netherlands-based ING Group N.V. (ING). CB Richard Ellis’ acquisition of substantially all of ING’s Real Estate Investment Management (REIM) operations in Europe and Asia remains on schedule to close later this year. The total purchase price for the ING CRES and REIM businesses is approximately $940 million.

WASHINGTON, D.C. - July 1 30, 2011 - (RealEstateRama) -- The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $45 million to enable Habitat for Humanity International (HFHI) to expand its housing microfinance lending (HMF) – a growing impact investment sector that will help thousands of low-income families around the world build, improve, and maintain decent homes.

West Hartford, CT - July 1 30, 2011 - (RealEstateRama) -- Than Merrill gives you a step-by-step action plan for how to get started Wholesaling Real Estate and breaks down his investing business in detail so you can learn exactly how he has bought and sold over 500+ properties in the past 8 years. Unlike many teachers,Than and his team are actually actively investing in Real Estate in markets across the country from California to Connecticut to Florida. Their investing is documented on a hit reality TV show on A&E called "Flip This House."

Clifton, NJ - July 1, 2011 - (RealEstateRama) -- Ankit Duggal, Founder of RER, LLC, a real estate investment and consulting company, sits down with Judson Voss of “Get Real REI” to share the ups and downs of launching your own business and divulges how he went from below zero revenue to managing millions in investment funding.

NORFOLK, VA - June 30, 2011 - (RealEstateRama) -- Kathleen Harps, 51, of Chesapeake, Va., was arrested by the Federal Bureau of Investigation today after a federal grand jury indicted her on June 21, 2011 on one count of conspiracy to commit mail and wire fraud, three counts of mail fraud, and three counts of engaging in unlawful monetary transactions.

IRVINE, CA - June 28, 2011 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment sales groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher and Edward B. Hanley have exclusively listed for sale a 31,900-square-foot multi-tenant retail center on Highway 111 in Rancho Mirage, Calif. The asking price is $7,765,000.

Irvine, CA - June 27, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $7.1 million sale of a NNN leased, single-tenant, 35,600-square-foot property occupied by 24 Hour Fitness located at 900 NE Deerbrook St. in Lee’s Summit, MO. Built in 2007 and situated on 3.53 acres, the property is just off highway 291 and is within a busy retail area that includes Wal-Mart Supercenter, Office Max, Sears and many other national retailers and dining.

LOS ANGELES, CA - June 27, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has been selected to market National City Tower, an historic adaptive reuse development that includes 93 residential lofts that are approximately 95 percent occupied, as well as ground floor and basement retail space. The 12-story, 118,162 square foot property is being offered at $32.75 million.

West Hartford, CT - June 27, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Bob Lachance, is announcing its July 2011 monthly meeting for real estate investors. This seminar will also celebrate CT REIA’s 8th anniversary. This seminar will take place on Monday July 11, 2011, from 5:30 pm to 9:00 pm at the Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT. This seminar is free for CT REIA members and $30 for not-yet-members. There will be plenty of raffle prizes, giveaways, and networking opportunities for attendees.

ALISO VIEJO, CA - June 27, 2011 - (RealEstateRama) -- David L. Ball, president of Arnel Development Co. in Costa Mesa, Calif., has joined the board of directors for CT Realty Investors. Ball has nearly 30 years of commercial and residential real estate development and lending experience. As president of Arnel Development, a subsidiary of Arnel & Affiliates, Ball is responsible for overseeing all real estate investment and development activities, joint ventures and real estate-related banking relationships. A member of the Arnel management team since 1983, Ball has developed more than one million square feet of retail space, numerous apartment projects, hundreds of single-family homes, and nearly 500,000 square feet of office space. He has also engineered numerous investments involving land development and industrial parks on behalf of Arnel.

Yonkers, NY - June 27, 2011 - (RealEstateRama) -- Mayor Philip A. Amicone, Chairman of the Yonkers Industrial Development Agency (IDA) joined Westchester County Executive Rob Astorino, city and county legislators and Ron Moelis the CEO of L+M Development Partners Inc. (L+M) for the ceremonial opening of 330 Riverdale, a brand new, multifamily housing development in Yonkers.

AUSTIN, TX - June 27, 2011 - (RealEstateRama) -- Purchasing a home is the biggest investment that most consumers will ever make, therefore it is vital to have all of the information available about the property prior to signing on the dotted line. To help consumers know detailed information about the "life story" of their new home, BuildFax, the nation's leading provider of historical building permit data, is now offering consumers access to a free detailed report about the home, including relevant permit data regarding key upgrades and repairs made to the property.

West Hartford, CT - June 24, 2011 - (RealEstateRama) -- Come Celebrate 8 Years of Service to Real Estate Investors Just Like You. We Will Be Raffling Off A Ton Of Prizes.

LOS ANGELES, CA - June 23, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,475,000 sale of a 5,550 square foot office building located at 417 S. Beverly Dr. in Beverly Hills, Calif.

Irvine, CA - June 23, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $16.5 million sale of Westchester Place, a two-story 50,861-square-foot retail center located at 8820-8844 South Sepulveda Blvd. in Los Angeles. Built in 2007 and situated on 1.71 acres, tenants include: Bed Bath & Beyond, Starbucks Coffee, Wells Fargo and Movement Performance Institute.

IRVINE, CA - June 23, 2011 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez and Edward B. Hanley, represented the buyer and seller in the sale of a 1,448-square-foot individual retail/commercial condominium unit in Irvine, Calif. The price was not disclosed.

PHILADELPHIA, PA - June 21, 2011 - (RealEstateRama) -- Gennaro Rauso, 47, of Trenton, NJ, was sentenced today to 160 months in prison for several mortgage fraud related charges, announced United States Attorney Zane David Memeger. Rauso owned and operated a real estate management company—D&B Property Investors—that purported to help financially distressed homeowners with their foreclosure problems