Title: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com
Link: http://www.bizjournals.com/industries/industries/resi_real_estate/?ana=from_rss
Description: Residential Real Estate: headlines from the week of September 6, 2010
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American Solar, Calex team on new solar subdivision
American Solar Electric and Calex Homes Inc. are partnering on a new solar power subdivision in Chandler.
Philpotts & Associates opens San Francisco office
The interior design firm Philpotts & Associates is expanding with an office in San Francisco.
HUD to announce foreclosure funding
A top official in the U.S. Department of Housing and Urban Development is scheduled to be in Phoenix for what is described as a ?major funding announcement.?
UDR to sell 13.5M shares, acquires 1,614 units
Apartment operator UDR Inc. said Tuesday that it plans to sell 13.5 million shares of common stock in an underwritten public offering, and also announced the acquisition of five apartment complexes and one pre-sale venture in three states. (UDR)
Former St. Charles economic development chief joins Coldwell Banker Commercial
Nadine Boon, who resigned last month as director of economic development for the city of St. Charles, has joined Coldwell Banker Commercial as vice president in the firm?s brokerage division.
Brewers Hill apartment building Domain sells for $46M
UDR Inc. has acquired a newly developed luxury apartment complex in Brewers Hill near Canton for $46 million. (UDR)
Ogden acquires realty company
Ogden & Company Inc. is taking over management of 75 new properties after acquiring Waukesha-based Holley Realty Inc.
CalHFA debuts low-interest loan program
The California Housing Finance Agency announced Tuesday the launch of a new fixed-rate, 30-year mortgage to help low- and moderate-income California families purchase their first home.
Pennsylvania mortgage rates continue to fall
Mortgage rates in Pennsylvania continued to fall over the past week, according to mortgage rate website Zillow.com.
SONYMA providing lowest interest rates in 40 years
The State of New York Mortgage Agency is providing the lowest interest rates in its 40-year history for for its two primary programs.
Title agencies, appraisers see record levels
With refinancing levels hitting record pace in the Dayton area, local appraisers and title companies are scrambling to keep up with demand.
Meet D.C. businesswoman-turned-reality-TV-star Stacie Turner
So this is what it means to be a housewife in D.C.: Have a master?s in business administration from Harvard, sell $15 million or so in real estate each year and run a charity backed by Fortune 500 companies.
Demise of Re/Max franchise fuels Coldwell growth
Coldwell Banker Prime Properties, already one of the largest residential real estate firms in the region, just got larger.
Ironhorse Country Club revived after $2.85M sale
After Ironhorse Country Club?s purchase out of bankruptcy in March, residents and club members said services and membership are improving.
Alliance Residential Co. obtains $31M loan for Citrus Park multifamily project
TAMPA ? After years of planning, construction on a 296-unit apartment complex will get under way in October to bring more rental units to Citrus Park by late next year. (PPS)
Work to begin on on 47-home project in NW Greensboro
D. Stone Builders is set to begin construction on a $19 million single-family home subdivision called The Gates, located off New Garden Road, just west of Battleground Avenue.
Turley turning historic warehouse into mixed-use
Henry Turley Co. is looking to breathe more life into Downtown?s center with plans to turn a 101,868-square-foot warehouse at Second and Gayoso into a mixed-use development.
Banks using relocation departments to sell foreclosed homes
Banks are increasingly turning to corporate relocation departments within real estate companies to sell foreclosed homes.
New mix, prices compel Jurney to tackle H.P. site
The developer of the 41-acre Westover Ridge subdivision in High Point is shifting gears, replacing town homes originally planned for the community with single-family homes at entry-level prices.
New loan rules pose challenge for condo sales
A change in the way condominium complexes are approved for federally backed loans is causing headaches for buyers and sellers alike.
Study: W-S is 7th-best in U.S. for home investors
The national real estate market may be deteriorating with falling home prices and mounting foreclosures, but Winston-Salem is still one of the best places to buy a home.
Gray Development seeking personal assets after jury trial
Phoenix-based Gray Development Group has filed court actions in four states seeking personal assets from Thomas J. Klutznick Co. executives and an associate.
Marquis bets on $30M project
Marquis Cos. is gambling $30 million on the future of independent living for seniors.
Mid-Peninsula Housing, Google team to build affordable homes in Silicon Valley
Slowdown? What housing slowdown?
Doing business under the klieg lights
Sam Solovey founded Potomac Tech Wire, a news digest service, in 1999. Then he went on Donald Trump?s groundbreaking reality show, ?The Apprentice.? After being ?fired? by The Donald in week three, Solovey quit Tech Wire to become an auctioneer and real estate agent. ?It is difficult to return to a mainstream work environment after having had this tremendous TV/Hollywood experience, which is why you see a large number of reality stars currently unemployed and addicted to the pseudo fame that surrounds them,? Solovey told NBC. Dozens of other local businesspeople, like Stacie Turner, have followed his path to television. Here?s where a few are today:
Job seekers stay closer to home
Americans are known for moving to where opportunity lies. Today, however, many find themselves unable to uproot themselves, adding a frustrating wrinkle to the causes behind the sputtering housing market.
Lower-class apartments show value drop and promise for great return on investment
There have been very few bright spots in real estate since the foreclosure crisis began in the residential sector. The commercial real estate market also suffered from the shockwave created by the loss of homes, jobs and economic dislocation. Despite the pessimistic environment, real estate investors studied the markets to see if any opportunities would arise as a result of these changes.
Bank-owned properties beginning to attract more interest
In an early sign of economic recovery, banks that have been wading knee deep in bad loans are beginning to find buyers for real estate stuck on their books.
Investor pays $50.4M for luxury apartment complex in Folsom
A San Francisco investor paid $50.4 million to buy Sherwood Apartments, a 336-unit luxury apartment community in Folsom.
Hill steps up as industry association president
Carol Hill has always been behind the scenes in her 20 years at Prudential Network Realty, but now she is in the spotlight as the 2010 president of the Northeast Florida Association of Realtors.
NuWay Cafe owner's son planning Commerce Street apartment project
Chris Stong, part of the family that operates NuWay Cafe restaurants, is looking to build eight apartment units on Commerce Street near Intrust Bank Arena.
Developer returns to Cincinnati to resurrect condo project
A Cincinnati-born developer who relocated to the booming Florida market in the 1990s has now returned to restart a stalled downtown condo project.
Housing market bottoming out
The residential real estate market, which has been the bane of Florida?s existence since the housing bubble burst in 2007, finally may have hit the bottom, experts said. (DHI) (LEN)
Housing for the homeless gets new look in Columbus
As business and political leaders work to address homelessness in Cincinnati, they?re looking to a model just a two-hour ride away in Columbus.
Homeowners face tougher consequences than developers walking away from underwater loans
With more office and retail properties underwater, commercial property owners and developers are dealing with some of the same decisions faced by distressed home-owners, including whether to walk away from their properties and essentially mail the keys to their lenders.
CondoCompare prepares for national expansion
Seattle startup CondoCompare Inc. could enter as many as 50 markets across the country by next fall, thanks to a new partnership with Coldwell Banker Bain affiliates in the Northwest, CEO Casey Sullivan said.
Tax delinquencies lead to more foreclosures
The city of Milwaukee, in an effort to reclaim unpaid property taxes, is acquiring an increasing number of houses through foreclosure.
Neighborhood housing group facing foreclosure lawsuits
The founders of City Ventures LLC who set out to improve their city of Milwaukee neighborhood are facing bank foreclosures after years of trying to balance stagnant rents with increasing costs.
Crowd of bidders expected for Adair sale
An auction of Red Adair?s real estate and personal belongings is shaping up as one of the biggest hoedowns ever held in Bellville.
