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Real Estate Investor Ordered to Pay Over $4.1 Million in Restitution

SHERMAN, TX - April 1, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 38-year-old Grapevine, Texas, man has been sentenced to federal prison for his role in a mortgage fraud scheme in the Eastern District of Texas.

Grubb & Ellis Apartment REIT Acquires Bella Ruscello Luxury Apartment Homes Near Dallas

DALLAS, TX - March 30, 2010 - (RealEstateRama) -- Grubb & Ellis Apartment REIT, Inc. today announced the acquisition of Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community in the Dallas suburb of Duncanville. The acquisition closed on March 24, 2010.

Tyler, Texas Woman Sentenced in Mortgage Fraud Scheme

TYLER, TX - March 25, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 47-year-old Tyler, Texas woman has been sentenced to federal prison for a mortgage fraud scheme in the Eastern District of Texas.

Public Housing Authorities in Texas Meet Critical Recovery Act Deadline, Create 562 Jobs and...

FORT WORTH, TX - March 24, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan announced today that 351 public housing authorities in Texas successfully met a critical funding deadline outlined in the American Reinvestment and Recovery Act of 2009 (Recovery Act).

Behringer Harvard and Cinemark Holdings Announce Plan to Construct 12-Screen Theatre in North Texas...

DALLAS, March 25 /PRNewswire/ -- Behringer Harvard announced today that it has reached an agreement with Cinemark Holdings, Inc. to construct a 12-screen theatre at Frisco Square, a mixed use development in Frisco, an affluent suburb north of Dallas that is one of America's fastest-growing cities.

Gov. Perry Announces $1.5 Million TETF Investment in SolarBridge

AUSTIN, TX - March 22, 2010 - (RealEstateRama) -- Gov. Rick Perry today announced that the Texas Emerging Technology Fund (TETF) is investing $1.5 million in SolarBridge Technologies Inc. for the development and commercialization of their technology for the widespread use of solar energy.

Congressman Al Green Helps Taxpayers File for Earned Income Tax Credit

EITC is a useful resource for low to moderate income working individuals and families Houston, TX - March 22, 2010 - (RealEstateRama) -- Today, Congressman Al Green (TX-09) sponsored and organized two town hall meetings to inform tax filers about the Earned Income Tax Credit, also known as EITC. Attendees met with Internal Revenue Service (IRS) representatives and tax preparation specialists who assisted them with filing their 2009 tax returns.

Forty Indicted in Major East Texas Mortgage Fraud Scheme

PLANO, TX - March 16, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that 40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas.

ULI Houston Mayor’s Forum produces report back from real estate leaders

HOUSTON, TX - March 15, 2010 - (RealEstateRama) --On Tuesday, March 9th, the Urban Land Institute (ULI) Houston District Council hosted a forum with Houston Mayor Annise D. Parker to gain her insights on the most pressing priorities for the City of Houston. The forum also provided an opportunity for more than 250 real estate professionals to report their own opinions about City priorities.

State awards $955,000 to eight state, local partners lifting Texans out of poverty, toward...

AUSTIN, TX - March 11, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) has announced funding awards totaling $955,000 to three statewide organizations, four local or regional nonprofit agencies, and one South Texas county working to reduce the number of households living in poverty and helping them transition toward greater self-sufficiency.

Congressman Al Green and Ambassador Raymond Joseph Call for a Sustained Commitment in Haiti

Houston, TX - March 1, 2010 - (RealEstateRama) -- Congressman Al Green (TX-09) and His Excellency Raymond Joseph, Haitian Ambassador to the United States, discussed current conditions and humanitarian relief efforts in Haiti, following January's 7.0 magnitude earthquake that devastated the island nation.

New state council visits El Paso, gathers input on special needs housing

AUSTIN, TX - February 17, 2010 - (RealEstateRama) -- El Paso-area residents concerned with the housing challenges confronting elderly individuals and persons with disabilities have a unique opportunity to help shape public policy at an upcoming meeting held by the state.


Los Angeles, CA - February 17, 2010 - (RealEstateRama) -- The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2010 Global Outsourcing 100 for the fourth straight year. The list recognizes the world's best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges organized by IAOP.

Jury Convicts Two in Multi-Million Dollar Mortgage Fraud Scheme

HOUSTON, TX - February 5, 2010 - (RealEstateRama) -- A federal jury found David Vasser, 61, a Houston area resident, and Shirely Adger, 52, a Dallas area resident, guilty of wire fraud and conspiracy to commit wire and mail fraud.

State’s $30 million mortgage credit program to help veterans become homeowners

AUSTIN, TX - February 9, 2010 - (RealEstateRama) -- Honoring those who preserve and protect the American Dream to finally live it, Governor Rick Perry and the Texas Department of Housing and Community Affairs (TDHCA) have announced the launching of a new homebuyer initiative with a special focus on veterans.

Marchant Unveils “Mortgage E-Verify Act”

Washington, D.C. - February 5, 2010 - (RealEstateRama) -- Congressman Kenny Marchant (TX-24) issued the following release today after unveiling his new bill, H.R. 4586 the Mortgage E-Verify Act.

PSMI Opens New Office In Belton, TX

Roswell, NM - February 4, 2010 - (RealEstateRama) -- PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) announces the opening of a new office in Belton, TX near the Ft. Hood military base.

Sam Johnson announces a FREE foreclosure prevention workshop

Washington, DC - February 3, 2010 - (RealEstateRama) -- Congressman Sam Johnson (3rd Dist.—Texas) in conjunction with the DFW Home Ownership Preservation Enterprise will host a FREE foreclosure prevention workshop on Saturday, February 27th at 9:00 a.m. in Dallas. The event is open to the public and the press.

Grubb & Ellis Apartment REIT Enters Agreement to Acquire Bella Ruscello Luxury Apartment Homes...

DALLAS, TX - January 27, 2010 - (RealEstateRama) -- Grubb & Ellis Apartment REIT, Inc. today announced that it has entered into an agreement to acquire Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community located in the Dallas suburb of Duncanville.

HUD Awards $824,000 to Austin, Houston and San Antonio to Fight Housing Discrimination in...

FORT WORTH, TX - January 27, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded at total of $824,707,000 to three fair housing organizations in Texas to assist people who believe they have been victims of housing discrimination.


Rep. Smith Votes to Fund Hurricane Relief

Rep. Lamar Smith voted to provide $15 billion in emergency funding for the Federal Emergency Management Administration (FEMA), the Small Business Administration (SBA), and the Department of Housing and Urban Development (HUD) to fund recovery efforts following Hurricane Harvey. The funding bill also extends the National Flood Insurance Program.