Yearly Archives: 2012

WASHINGTON, D.C. - May 31, 2012 - (RealEstateRama) -- Michael J. Smith, 31, of Springfield, Pennsylvania, was charged today by indictment with participating in a mortgage fraud conspiracy that caused losses of over $600,000, announced United States Attorney Zane David Memeger. Specifically, Smith is charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, one count of money laundering, and forfeiture. According to the indictment, Smith, who was a mortgage broker at the time, conspired with John C. Lucidi, Jr. and Eric Maratea, both of whom are charged elsewhere, as well as numerous other individuals, in a scheme to buy properties at inflated prices so that buyers could receive kickbacks of tens of thousands of dollars. Smith was one of the alleged buyers.

LANCASTER, PA - May 30, 2012 - (RealEstateRama) -- Cushman & Wakefield’s Philadelphia-based industrial group has orchestrated the sale of 2913 Spooky Nook Rd., a 594,000-square-foot industrial building in Lancaster. Formerly utilized as a distribution center for flooring products by Armstrong Industries, the facility will be converted into a regional, youth-oriented sports complex by the new ownership.

LEVITTOWN, PA - May 29, 2012 - (RealEstateRama) -- Private equity real estate group Tryko Partners, LLC has added Galilee Village in Levittown to its growing multifamily portfolio. The 170-unit asset, located at 17 Penn Valley Road, provides HUD-subsidized apartment living for independent seniors.

PHILADELPHIA - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $2 million to fair housing organizations to assist people in Pennsylvania who believe they have been victims of housing discrimination.

ELIZABETHTOWN, PA - May 25, 2012 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield has arranged the sale of 1499 Zeager Rd., a 290,000-square-foot industrial building in Elizabethtown, Pa. Prior to the sale, the former single-user facility had been converted to multi-tenant use.

PITTSBURGH - April 11, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today awarded $2,480,000 million in grants to 198 housing units in Lawrence County to conduct a wide range of activities intended to protect children and families from potentially dangerous lead-based paint and other home health and safety hazards

Harrisburg, PA - April 11, 2012 - (RealEstateRama) -- Treasury last month collected nearly $25.4 million, more unclaimed property than it had in any March in the past seven years, State Treasurer Rob McCord noted today as he announced Treasury will accept reports from entities subject to the state’s unclaimed property law through Monday, April 16 because the statutory deadline of April 15 falls on a Sunday this year.

WASHINGTON, D.C. - April 4, 2012 - (RealEstateRama) -- U.S. Congressman Jason Altmire (PA-04) today announced that the Allegheny County Housing Authority and Housing Authority of the County of Butler will receive $293,898 in grants from the U.S. Department of Housing and Urban Development's Veterans Affairs Supportive Housing Program (HUD-VASH). The award is part of a $72.6 million grant to public housing agencies across the country to provide permanent housing to the more than 10,000 homeless veterans in America.

April 4, 2012 - (RealEstateRama) -- On March, 12, 2012, the final negotiated agreements between the states, the federal government and Bank of America, Citi, JP Morgan Chase, Ally/GMAC, and Wells Forgo were filed with the Court. In addition to requiring changes in the way the banks service their loans, the settlement provides approximately $25 billion for loan modifications, refinancing, payments to people who lost their homes to foreclosure, and direct payments to the states.

Pittsburgh, PA - March 27, 2012 - (RealEstateRama) -- As school districts across Pennsylvania face state funding cuts and budget deficits, Pennsylvania Treasurer Rob McCord reminded public school officials to see if their districts may be owed unclaimed property, and he returned more than $12,000 to the Pittsburgh Public Schools today.

HARRISBURG - March 27, 2012 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency held its annual homeownership program awards ceremony today at its headquarters to honor its leading lenders. These lenders assist homebuyers throughout the state in the application, processing, and closing of PHFA loans. Brian Hudson, executive director and CEO, recognized these outstanding organizations in their efforts to assist Commonwealth families and individuals achieve the American dream of homeownership.

Elizabeth Township, PA - March 26, 2012 - (RealEstateRama) -- After eight years serving the local community, one busy local real estate Broker is affiliating with a global network and one of the most respected names in the industry, RE/MAX.

EUGENE, OR - March 26, 2012 - (RealEstateRama) -- IDX, Inc. and Samuel Stein have joined forces to present York, Pennsylvania property listings in one convenient and easy-to-use online real estate resource on his Morgan Collins Realtors website. With his custom IDX solution, Stein’s search pages are now synced with thousands of York & Adams Counties (RAYAC) listings. Never before has such a concise online real estate search been so readily accessible by home seekers. Stein has forever changed the way potential Pennsylvania buyers search for properties online.

Conshohocken, PA - March 9, 2012 - (RealEstateRama) -- Metro Commercial, the region’s largest full-service retail real estate firm, announced today that it has brokered five leases in grocery/power anchored centers, for The Solid Wood Cabinet Company totaling over 14,000 square feet, in Southeastern Pennsylvania and New Jersey.

WASHINGTON, DC - March 6, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that the owner of Breckenridge Plaza Apartment complex in Phoenixville, PA, has agreed to pay $15,000 as part of a consent decree in federal district court to settle claims that the development’s on-site manager, Morris Zelikovsky, discriminated against families with children. In August 2011, HUD charged the owner and manager of Breckenridge with charging families higher rent when they have children and indicating a preference against families with children

HARRISBURG, PA - February 29, 2012 - (RealEstateRama) -- Property owners rebuilding or making repairs to their flood-damage properties have access to a number of resources - including financial -- that can help them reduce, or prevent, future disaster loss.

EUGENE, OR - February 20, 2012 - (RealEstateRama) -- IDX, Inc. is pleased to announce Fred Glick has become the latest real estate professional to join the growing network of agents and brokers who have employed the dynamic IDX Broker software. Glick now makes the Phliadelphia, Pennsylvania property search monumentally simpler for area home seekers. As a member of the Trend MLS (Trend), Glick has long had access to thousands of detailed property listings. Now, Glick gives his clients and other potential buyers unprecedented accessibility to the Trend MLS database of homes. Never before have buyers been able to experience such innovative real estate search tools from the convenience of the website of Glick, or the IDX Broker application for iPhone and iPad.

EUGENE, OR - February 17, 2012 - (RealEstateRama) -- Today IDX, Inc. and David Siwy are pleased to announce the integration of IDX Broker software onto the website of Siwy, giving potential Doylestown, Pennsylvania buyers a whole new resource for finding their dream home online. With his own customizable IDX solution, Siwy has updated the search capabilities of his professional website, making it monumentally easier to manage. While his IDX synced website makes his job simpler, it simultaneously eases the complications home seekers experience throughout many online real estate searches. The IDX enabled search tools Siwy supplies to his clients makes it so simple to find the perfect Pennsylvania home without ever leaving the convenience of his website

BETHLEHEM, PA - February 9, 2012 - (RealEstateRama) -- Liberty Property Trust has named commercial real estate services firm Cushman & Wakefield, Inc. as exclusive leasing agent for a 1.2 million-square-foot, $62 million speculative industrial property now under construction in Bethlehem. The project, part of Lehigh Valley Industrial Park VII, is transforming one of the nation’s largest brownfield sites into sustainable, Class A distribution product; it is one of the most significant industrial projects in Pennsylvania and one of the largest currently underway in the United States.

EUGENE, OR - February 7, 2012 - (RealEstateRama) -- IDX, Inc. and Mary Genovese have joined forces to revolutionize the way Philadelphia, Pennsylvania home seekers search for properties online, by adding the innovative IDX Broker software to the website Genovese hosts. As a member of the Trend MLS (Trend), Genovese has long had access to the detailed property listings through their professional database. Now, with her IDX-enabled search page, Genovese’s clients receive the same level of access that was once reserved for real estate agents and brokers only, conveniently on her website. Her customizable IDX solution gives Genovese and her clients more freedom and access to the Trend listings than ever before available online