Florida State Government and Public Real Estate News

~The Banks Are Implementing New Procedures to Reduce Loan Modification Delays, Improve Communication with Borrowers, and Avoid Multiple Requests for Documents~

TALLAHASSEE, FL – October 2, 2013 – (RealEstateRama) — Attorney General Pam Bondi, along with her colleagues on the National Mortgage Settlement Monitoring Committee, today announced that Bank of America and Wells Fargo have agreed to implement new procedures designed to address possible violations of the national mortgage servicing settlement. These improvements come in response to concerns expressed by Attorney General Pam Bondi earlier this year, which were based upon complaints from distressed borrowers, housing counselors, legal aid groups, and foreclosure defense lawyers that the banks were falling short of meeting the servicing standard requirements set forth in the National Mortgage Servicing Settlement. ALLRMC.COM more »

Traffic School for Florida

WASHINGTON, D.C. – December 9, 2014 – (RealEstateRama) — On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46. The Senate has not yet acted on the tax extenders, but is expected to do so the week of Dec. 8. Please visit the Mortgage Debt Cancellation Relief page on realtor.org for any developments in the coming week. more »

Tampa, FL – December 8, 2014 – (RealEstateRama) — CBRE arranged the sale of Wells Fargo Center, a Class A, 389,608-square-foot landmark office building located at 100 South Ashley Drive in Tampa, Florida, for an undisclosed price. The CBRE Capital Markets, Institutional Properties team representing the seller included Christian Lee, Dale Peterson, Charles Foschini and Marcos Minaya. more »

WASHINGTON, D.C. – December 3, 2014 – (RealEstateRama) — The ComReal Companies are proud to announce that Edward Redlich is now serving as President for 2014-2015 of the Society of Industrial and Office Realtors® (SIOR) Florida Chapter which is comprised of nearly 200 members. Redlich has had a leadership role with the Chapter for the past several years and was elected as President at their Fall meeting. more »

Orlando, FL – December 3, 2014 – (RealEstateRama) — CBRE arranged the sale of a 124,500-square-foot single-tenant office property leased to Kaplan University at at 12650 Ingenuity Drive, Orlando, FL. US-based City Office REIT, Inc. (NYSE: CIO),acquired the two-story building at Central Florida Research Park from RT Ingenuity, LLC for $26.5 million. CBRE represented the seller. more »

TALLAHASSEE – November 7, 2014 – (RealEstateRama) — Florida CFO Jeff Atwater today announced the arrest of Miami bail bondsman David Rodriguez, 47, on grand theft charges. The arrest follows a joint investigation by the Department of Financial Services’ Division of Insurance Fraud and its Division of Agent & Agency Services into a 2013 incident in which the defendant stole $16,000 that was supposed to pay a client’s bond. more »

Miami, FL – November 7, 2014 – (RealEstateRama) — Congresswoman Frederica S. Wilson (FL-24) will host a town hall meeting tonight at 6:00 p.m. to 8:00 p.m. at the Liberty Square Community Center to talk with residents about the Miami-Dade County and City of Miami Police Departments’ efforts to combat rising violent crime in and around the Liberty Square Housing Project. Miami-Dade County Commissioner Audrey Edmonson, City of Miami Commissioner Keon Hardemon, Miami-Dade County Police Director J.D. Patterson, other community leaders and activists will join Congresswoman Wilson to address residents’ concerns and find solutions. more »

TAVARES – October 23, 2014 – (RealEstateRama) — Cheryl Howell, Lake County Housing Services Manager, was recently given the Michael D. Smith Timex Award at the Florida Community Development Association’s Annual Conference for her dedication to improving access to housing, economic opportunities and public services. more »

Fort Lauderdale, FL – October 16, 2014 – (RealEstateRama) — CBRE arranged leases for four premier retail tenants at The Manor@Flagler Village, developer Related Group’s new mixed-use development at 525 North Federal Highway in Fort Lauderdale, FL, which will feature 382 apartment units and 22,476 square feet of street-level retail. more »

MIAMI, FL – October 10, 2014 – (RealEstateRama) — Over the last two days, Congressman Joe Garcia hosted senior leaders from the Federal Emergency Management Association (FEMA) in his district for a discussion on the future of the the National Flood Insurance Program (NFIP) in Florida, and the implementation of H.R. 3370 – the Homeowners Flood Insurance Affordability Act. In total, three meetings were held across Miami-Dade and Monroe Counties, where various elected officials, industry representatives, business associations, watchdog organizations, and concerned and active citizens were in attendance. more »

Altis at Coconut Creek is rare trophy asset in desirable South Florida sub-market

Fort Lauderdale, FL – October 10, 2014 – (RealEstateRama) — CBRE has been engaged as exclusive marketing advisor for a new 270-unit lakeside apartment community in North Broward County, FL. Set on approximately 15.2 acres at 5401 Wiles Road, Altis at Coconut Creek is a Class A asset with condo-quality design features and amenities. more »

Fort Lauderdale, FL – October 6, 2014 – (RealEstateRama) — CBRE Capital Markets’ Debt & Structured Finance team announced that it has arranged $56 million in first mortgage bridge financing for One East Broward Boulevard, a 343,551-square-foot, Class A office tower in Fort Lauderdale, Florida.

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Global energy company will occupy a newly constructed tilt-up facility

Jacksonville, FL – October 2, 2014 – (RealEstateRama) — CBRE arranged a 510,443-square-foot lease for GE Oil & Gas to occupy a new advanced manufacturing plant in the Alliance Florida at Cecil Commerce Center in Jacksonville, FL. GE Oil & Gas is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from exploration & production to downstream. The company has signed a multi-year lease for the property owned by Hillwood Investment Properties to commence on November 1, 2014. more »

Miami, FL, – September 30, 2014 – (RealEstateRama) — Taylor & Mathis of Florida has signed Suffolk Construction to a lease at Miami’s One Biscayne Tower. Suffolk Construction is relocating from the airport submarket and expanding their offices into nearly 15,000 square feet downtown. more »

Village Place offers 202 units with gated access and resort-style amenities

West Palm Beach, FL – September 23, 2014 – (RealEstateRama) — CBRE has been engaged to market a 202-unit apartment community with resort-style amenities in West Palm Beach, FL. Spanning 11.6 acres at 2111 Brandywine Road, Village Place offers an opportunity to acquire a top-performing, fully stabilized asset with value-add potential.

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Orlando, FL – September 23, 2014 – (RealEstateRama) — CBRE arranged the sale of Indigo Plantation, located in world famous Daytona Beach at 100 Powell Boulevard, for $17.9 million. The 304-unit community was completed in 1989 and has a current occupancy of 97%. CBRE exclusively represented the seller in the transaction. more »

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