Yearly Archives: 2011

TALLAHASSEE, FL - December 30, 2011 - (RealEstateRama) -- Attorney General Pam Bondi today filed a motion asking the Fourth District Court of Appeal to certify that its recent decision in Law Offices of David Stern, P.A. v. State of Florida passes upon a question of great public importance. In Stern, the Fourth DCA held that the Attorney General’s Office lacked authority under the Florida Deceptive and Unfair Trade Practices Act (“FDUPTA”) to subpoena records of the Stern firm as part of an investigation into possible misconduct in the firm’s handling of foreclosure cases.

Orlando, FL - December 29, 2011 - (RealEstateRama) -- FBC Mortgage, LLC prides itself on being a valuable partner in the communities they serve by supporting local charitable organizations with both in-kind and monetary donations throughout the year. This holiday season FBC Mortgage in conjunction with their generous staff, families and referral partners have been able to make this a very happy holiday season for local Central Florida families at the Coalition for the Homeless of Central Florida.

December 28, 2011 - (RealEstateRama) -- Lake-Sumter Community College (LSCC), in partnership with Lake County under the County’s Energy Efficiency and Conservation Block Grant (EECBG) project, is offering a Community-Based Outreach Program for Lake County homeowners. This outreach project features an educational session for residents and homeowners, and is designed for presentation to homeowner associations, neighborhood groups, and other civic organizations as a means to promote actions property owners can take to reduce energy consumption and promote energy sustainability directly within their own homes

EUGENE, OR - December 27, 2011 - (RealEstateRama) -- Southeast Florida MLS (SEFL) listings are now easier than ever to search online, thanks to IDX, Inc. and real estate professional Arthur Kulick of Miami, Florida. Kulick now hosts a dynamic IDX solution on his website, giving home seekers the ability to efficiently search SEFL listings to find their dream home online. With IDX Broker software, Kulick can display thousands of listings without lifting a finger as online property searches have been simplified for potential buyers, agents, and brokers alike.

EUGENE, OR - December 23, 2011 - (RealEstateRama) -- Advanced online search features are now available on the OneRes International Realty website of real estate broker Marnie Vaughn. Celebration, Florida properties are integrated directly onto the IDX enabled search pages Vaughn hosts, creating a dynamic search page that is easily accessible to area home seekers. Potential buyers can quickly scan the Mid Florida Regional MLS (MFRMLS) from the comfort of their own home and the convenience of the website Vaughn hosts, thanks to IDX Broker

Hialeah, FL - December 21, 2011 - (RealEstateRama) -- CBRE Capital Markets in Miami secured $5 million in fixed financing on behalf of The Green Companies, a family-owned real estate development firm based in Miami. The terms of the loan, for the Green Vista Apartments in Hialeah, include a 30-year amortization schedule, a maximum 75% loan-to-value and minimum DSCR of 1.25x. The proceeds were used to acquire 100% interest in the property from their partner who developed the building with The Green Companies in 1997.

Miami, FL - December 21, 2011 - (RealEstateRama) -- In one of the largest industrial land transactions in Miami-Dade County since before the recession, Liberty Property Trust (NYSE:LRY) has acquired 126 acres for the development of Miami International Tradeport. With an anticipated 1.6 million square feet of new institutional-grade warehouse and distribution space planned, Miami International Tradeport (MIT) is expected to add $135 million in value to Miami-Dade County’s tax base and create 4,000 new construction jobs with 2,000 full-time jobs upon completion.

PENSACOLA, FL - December 19, 2011 - (RealEstateRama) -- Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that Destin resident Randolph Branham (age 45) was convicted yesterday of conspiracy to commit bank fraud and bribery of a loan officer, following a four-day jury trial. Prior to the trial, four others indicted in the scheme pled guilty, which included Crestview attorney Chris Cadenhead (age 56), two Destin residents, Jackie T. Fair (age 70), Jane M. McDonald (age 58), and former loan officer Larry J. Malone (age 56), of Bainbridge, Georgia.

Tampa, FL - December 16, 2011 - (RealEstateRama) -- By overcoming the challenges of the current market conditions and positively impacting today’s greatest economic indicator, job growth, NAIOP Tampa Bay awarded CBRE ‘Broker Deal of the Year’ in the Industrial category for the two-time disposition of the former Pinellas Expo Center during 2011, executed by CBRE First Vice President Brian Rettig, SIOR and First Vice President Gary Bauler, LEED AP.

Crystal Beach, FL - December 14, 2011 - (RealEstateRama) -- Pinellas County Short Sale Realtor, Wendy Smith, shares free programs that appeals to nature lovers, history fans, and environmentalists in Pinellas County. Brooker Creek Preserve Environmental Education Center is a well-known destination for nature lovers for all ages. Programs it offers vary from exhibit Windows, environmental programs, wildest places to hike, and many more that are all offered for free.

Pensacola, FL - December 14, 2011 - (RealEstateRama) -- CBRE Capital Markets recently arranged $6.75 million in proceeds for the purpose of refinancing the debt on Carriage Hills Apartments, a 260-unit garden style apartment complex in Pensacola, Florida. Financing terms of the loan include a 10-year fixed-rate term, 30-year amortization schedule and loan-to-value of 75%. The transaction was completed on behalf of Hills Apartment Communities, LLC and the lender was Miami Beach-based Archetype Mortgage Capital.

Fort Lauderdale, FL - December 12, 2011 - (RealEstateRama) -- Sale transactions involving commercial real estate assets at significantly reduced prices continue to flood the investment properties market. Supporting this trend was KAS Airport, LLC’s $3.4 million acquisition of Executive Airport Business Center in a short-sale transaction with special servicer, Berkadia.

Miami, FL - December 9, 2011 - (RealEstateRama) -- The Master Brokers Forum, an organization comprised of South Florida's top residential real estate professionals, awarded Alicia Cervera Sr. a Lifetime Achievement Award for her years and dedication to the real estate industry.

Delray Beach, FL - December 8, 2011 - (RealEstateRama) -- CBRE announced today the sale of The Arbors Office Park at 1615, 1625 & 1690 South Congress Avenue in Delray Beach to RexxHall Realty. LLC. The three-building office park totals 244,247 rentable square feet and is 45% occupied.

St. Petersburg, FL - December 8, 2011 - (RealEstateRama) -- CBRE announced today the sale of The Isles of Gateway, a 212-unit apartment community located in St. Petersburg’s Gateway submarket. Located at 10600 Fourth Street North, The Isles of Gateway was acquired by Robbins Property Associates for $16.82 million, or $79,340 per unit. CBRE’s Multi-Housing Group in Tampa marketed the property for sale and negotiated the transaction on behalf of the seller, CAPREIT.

Torrance, FL - December 6, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest full-service commercial real estate firms in the country, has taken an important step in bolstering its Southeast presence with the opening of its first office in Florida, Lee & Associates Naples/Ft. Myers. The office is headed by Bob Johnston, Jerry Messonnier and Richard B. Clarke, who before joining Lee were the founders of one of Southwest Florida’s top commercial brokerage firms, Grubb & Ellis/1st Commercial, LLC. The trio represents 70 years of commercial brokerage experience and an in-depth connection with Florida commercial real estate

Tampa, Fl - December 5, 2011 - (RealEstateRama) -- One of the most prominent Tampa real estate teams has made the change to RE/MAX and is opening a new office with a global brand name, giving local buyers and sellers another opportunity to work with some of the most professional agents in the business.

Crystal Beach, FL - December 2, 2011 - (RealEstateRama) -- As stated in pinellascounty.org, Pinellas County has reduced its Home Key First Mortgage interest rate to 4% to first-time Pinellas, Pasco & Polk County homebuyers. Assistance for the down payment with the Home Key Second Mortgage is offered in Polk and Pinellas County to eligible buyers.

ORLANDO, FL - November 30, 2011 - (RealEstateRama) -- The real estate market plays a vital role in Florida’s economy, and figuring out what may lie ahead in 2012 is a key question for policymakers, residents and Realtors alike.

Gainesville, Fl - November 30, 2011 - (RealEstateRama) -- Gainesville Homes For Sale reports the upcoming “Annual Holiday Tree Lighting Celebration” in Gainesville, Florida. The Gainesville City Department of Parks, Recreation and Cultural Affairs will be presenting its annual Holiday Tree Lighting Celebration to be held at the Thomas Center from 7:30 – 9:30 in the evening. The program is free and light refreshments will be served. The celebration will be focused on the giant tree and around the building holiday decorations – sponsored by the Thomas Center Associates on a year-to-year basis. To light up the tree and give his holiday season greetings, Commissioner Randy Wells will be gracing the event.