Yearly Archives: 2009

USAA Real Estate Company Acquires Broadstone Development in North Dallas

San Antonio, TX - December 23, 2009 - (RealEstateRama) -- On December 23, an affiliate of USAA Real Estate Company acquired Broadstone Parkway, a Class A urban fill mixed-use development comprised of 333 residential units and 39,167 square feet of ground floor commercial space located at 5005 Galleria Drive in North Dallas/Addison from Bank of America. The purchase price has not been disclosed.

Turner Awarded $130 Million Contract by Deloitte LLP to Provide Construction Services for 712,000...

New York, N.Y. - December 16, 2009 - (RealEstateRama) -- Turner Construction Company, the nation’s leading general builder, has been awarded a $130 million contract to provide construction services for the Deloitte University learning and leadership development center located in Westlake, Texas.

Congressman Al Green Praises Passage of the Wall Street Reform and Consumer Protection

Washington, DC - December 14, 2009 - (RealEstateRama) -- Today, Congressman Al Green (TX-09) voted to pass historic legislation that will bring about the biggest changes in financial regulation since the New Deal, by voting in favor of H.R. 4173, the Wall Street Reform and Consumer Protection Act.

Congressman Al Green Urges Mortgage Servicers to Address the Needs of Minority Borrowers

Washington, DC - December 9, 2009 - (RealEstateRama) -- Today Congressman Al Green (TX-09) called on private mortgage servicers to better address the needs of struggling minority homeowners during a hearing of the House Committee on Financial Services regarding the current foreclosure crisis.

EBS acquired its 64th property with the closing of Advantage Storage in Plano, Texas

Dallas, TX - December 7, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that it has acquired Advantage Self Storage in Plano, Texas, located at 3900 McDermott Road.

Congressman Al Green supports approval of METRO project to expand Light Rail in Houston

Houston, TX - December 2, 2009 - (RealEstateRama) -- Congressman Al Green (TX-09) expressed his support today for the Federal Transit Administration's decision to approve a project that aims to expand Houston's Light Rail System to different areas of the city

HOUSE HOMELAND SECURITY COMMITTEE PASSES CONGRESSMAN AL GREEN’S AMENDMENT TO EXPAND THE ‘SECURING THE...

Washington, DC - November 20, 2009 - (RealEstateRama) -- In a unanimous vote, the House Committee on Homeland Security passed this week H.R. 2611, a measure which would authorize the Department of Homeland Security's 'Securing the Cities' (STC) initiative. The bill includes an amendment offered by Congressman Al Green (TX-09) that would expand the scope of the STC program to include at least two additional cities in the program.

Trammell Crow Company’s Lakeview Business Park Closes on Land Site Sale

Lufkin Automation buys 6.2 acres for future 40,000 SF headquarters. Houston, TX - November 16, 2009 - (RealEstateRama) -- November 16, 2009 - Lufkin Automation, a provider of engineered products and services to oil and gas producers, has purchased a 6.2 acre land site within Lakeview Business Park. This marks the first land sale closed in the newly developed business park, which is located Missouri City, Texas, in Fort Bend County.

Homeowner files class-action lawsuit against Texas’ KB Home

LOS ANGELES, CA - November 16, 2009 - (RealEstateRama) -- A Texas homeowner filed a class-action lawsuit today against KB Home (NYSE: KBH), Countrywide Financial and LandSafe Appraisal Services, claiming the three conspired to rig housing prices in Texas and Colorado, costing home purchasers millions of dollars and pushing homeowners into dangerous loans.

Gov. Perry: Washington Again Shortchanges Texas Communities on Disaster Funds

AUSTIN, TX - November 13, 2009 - (RealEstateRama) -- Gov. Rick Perry today criticized the U.S. Department of Housing and Urban Development (HUD) for telling Texans “there is no compelling need to immediately approve” the state’s application for continued Hurricanes Ike and Dolly recovery funding.

Attorney General Abbott Takes Enforcement Action Against Dallas-area ‘Mortgage Rescue’ Operation

DALLAS, TX - November 10, 2009 - (RealEstateRama) -- Texas Attorney General Greg Abbott today took legal action to obtain restitution for a fraudulent “mortgage rescue” firm’s victims.

Mortgage and Real Estate Broker Sentenced to Prison for Mortgage Fraud

HOUSTON, TX - November 9, 2009 - (RealEstateRama) -- Clarence Lewis III, 46, of Houston, has been sentenced to 15 years in federal prison without parole for running a mortgage fraud scheme, United States Attorney Tim Johnson announced today.

Texas Tower Limited Acquires JPMorgan Chase Center in Houston – Hines to Manage and...

HOUSTON, TX - November 9, 2009 - (RealEstateRama) -- Texas Tower Limited, owner of the 75-story JPMorgan Chase Tower, announced today the acquisition of the adjacent JPMorgan Chase Center in downtown Houston from JPMorgan Chase.

U.S. CONGRESSMAN AL GREEN PRAISES PASSAGE OF HEALTH CARE REFORM BILL BY THE...

Washington (DC), November 7, 2009 - Today, Congressman Al Green (TX-09) commended the passage of the Affordable Health Care for America Act (HR 3962) by the U.S. House of Representatives, which was passed by a vote of 220-215.

U.S. Congressman Al Green praises passage of extension of unemployment benefits and tax credit...

Washington (DC) - November 5, 2009 - (RealEstateRama) -- Today the U.S. House of Representatives passed the Senate amendments to HR 3548, the Unemployment Compensation Extension Act by a vote of 403 to 12.

91 Unit Dallas Apartment Property Is Latest Acquisition For Texas Apartment Buyer Group

Austin, TX - November 3, 2009 - (RealEstateRama) -- based Anew Realty Group, LLC has purchased the 91-unit apartment property Highland Oaks at 2121 West Irving Boulevard in Irving, Texas. The purchase was facilitated by the Marcus & Millichap Dallas office.

Attorney General Abbott Takes Legal Action Against Housing Scam That Targeted Austin-Area Hispanic Home...

AUSTIN, TX - October 28, 2009 - (RealEstateRama) -- Texas Attorney General Greg Abbott today charged Fern Hernandez Realty, Inc., with defrauding Hispanic home buyers. The state’s enforcement action names the corporation; its owner, real estate broker Jose Fernando “Fern” Hernandez and his wife, Odessa S. Hernandez.

Houston Groups Win Funding To Aid Homeless Veterans

Houston, TX - October 9, 2009 - (RealEstateRama) -- The Mayor’s Office of Veteran Affairs today hailed the awarding of $2.1 million in grants from the Veteran’s Administration to two local agencies to help house homeless veterans in Houston.

Hotel Indigo Doubles in Texas with Two New Hotels in San Antonio

ATLANTA, TX - October 20, 2009 - (RealEstateRama) -- Hotel Indigo today announced the addition of two new properties in San Antonio to double the brand's presence in Texas.

State housing agency secures $450,000 grant to intensify foreclosure prevention efforts

AUSTIN, TX - October 19, 2009 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) has announced that it has secured $449,960 in federal grant funds through the National Foreclosure Mitigation Counseling (NFMC) Program to help stem the tide of home foreclosures and bring stability to families, neighborhoods and local government finances.

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Workplace

How to Prevent Accidents and Injuries at the Workplace

According to a study published by the U.S. Bureau of Labor Statistics, there were approximately 2.8 million nonfatal workplace injuries and illnesses reported by private industry in the past year.