Yearly Archives: 2011

Robert Stone, Realtors opens a new office at 21 Elm Street, Braintree, MA

Braintree, MA - March 28, 2011 - (RealEstateRama) -- Robert Stone, Inc., a full-service real estate company in business in MA since 1926, announces the opening of a new office at 21 Elm Street, Braintree. Robert Stone has been serving homebuyers and sellers in Braintree and the South Shore since the 1960’s.

MassHousing Approves $2.2 Million for Affordable Housing in East Boston

BOSTON, MA - March 17, 2011 - (RealEstateRama) -- MassHousing announced today that it has approved $2.2 million in loans for the Greenway Apartments in East Boston, which will feature 27 new affordable apartments for low-income families

THE FEDERATED COMPANIES PURCHASES 13.2 ACRE LAND SITE IN THE TOWN OF SALISBURY

Miami Beach, FL - March 11, 2011 - (RealEstateRama) -- The Federated Companies has recently acquired the land asset located on 191 Beach Road, Salisbury, Massachusetts. The land is a 13.2 acre development site in the Town of Salisbury. The property is located within walking distance to the beach, approximately 500 yards to the east. It has 900 feet of frontage along Route 1A at the entrance of Salisbury Beach and the seacoast.

MassHousing Closes $1 Million Loan for Affordable Rental Housing in Springfield

BOSTON, MA - March 8, 2011 - (RealEstateRama) -- MassHousing has closed a $1 million loan for the Forest Park Apartments in Springfield, which have revived a vacant, crime-plagued property with more than 100 new apartments.

Real Estate Investor Pleads Guilty, Sentenced in Connection with Operating Elaborate Mortgage Fraud Scheme...

BOSTON, MA - March 7, 2011 - (RealEstateRama) -- A real estate investor has pled guilty in connection with participating in a complex scheme in which fraudulent documents were used to defraud homeowners and mortgage lenders in real estate transactions involving 26 distressed properties in the Greater Boston area, Attorney General Martha Coakley’s Office has announced.John Sweetland, age 29, of Yorba Linda, California, pled guilty in Suffolk Superior Court this week to charges of Larceny over $250 (33 Counts), Making or Publishing False or Exaggerated Statements (11 counts) and Attempt to Make or Publish a False or Exaggerated Statement (3 counts).

Barrett & Company Real Estate Adds Online Reach with Acquisition

Concord, MA - March 7, 2011 - (RealEstateRama) -- Barrett & Company, one of the largest independent real estate companies in Massachusetts, is taking real estate to the next level with the acquisition of Clayton Realty Group. Loyal customers and prospective clients alike will gain direct access to their realtors through familiar online and social media platforms and capitalize on new dynamic offerings

Tierney demands action on foreclosures from Treasury and HUD Secretaries

Washington, DC - March 4, 2011 - (RealEstateRama) -- As the nation’s foreclosure crisis continues, Congressman John Tierney (MA-06) yesterday joined a select group of his congressional colleagues at a meeting with Treasury Secretary Timothy Geithner and Secretary of Housing and Urban Development Shaun Donovan to demand answers for the Administration’s failure to assist homeowners facing foreclosure through the plagued federal Making Home Affordable Modification Program (HAMP).

Mayor Menino Announces Expansion in Groundbreaking Homeless Services Program

Boston, MA - March 2, 2011 - (RealEstateRama) -- Mayor Thomas M. Menino today announced new funding that will put the city one step closer to his goal of ending long-term homelessness. With an investment from the Citizens Bank Foundation, the Massachusetts Housing and Shelter Alliance (MHSA) has pledged $50,000 to help expand the Boston Public Health Commission’s High Utilizers of Emergency Services (HUES) to Home program, which provides housing and support services for chronically homeless people who are frequent users of the city’s emergency departments.

Attorney General Martha Coakley Obtains Appointment of a Receiver to Manage the Pocasset Mobile...

BOSTON, MA - February 24, 2011 - (RealEstateRama) -- A receiver has been appointed to operate and manage the Pocasset Mobile Home Park under an order obtained by Attorney General Martha Coakley’s Office. The manufactured housing community located in Bourne has experienced ongoing sewage overflows from its septic system in the last year.

PATRICK-MURRAY ADMINISTRATION PLEDGES $71 MILLION TO BUILD, PRESERVE 1,642 HOUSING UNITS

BOSTON, MA - February 21, 2011 - (RealEstateRama) -- As part of the Patrick-Murray Administration's ongoing commitment to build strong communities by increasing affordable housing options, creating jobs and expanding economic opportunity, Governor Deval Patrick today pledged $71.37 million in resources from various affordable housing programs to support the construction of 31 rental developments in 21 communities across the Commonwealth. These funds will create an estimated 2,000 construction jobs."By investing this targeted blend of funds to spur housing development, we are actively strengthening our communities across Massachusetts," said Governor Patrick. "Creating affordable housing helps to generate jobs, grow local businesses, and build a better, stronger Commonwealth."

Metro-Boston Property Owner Sued for Housing Discrimination by AG Coakley’s Office

BOSTON, MA - February 16, 2011 - (RealEstateRama) -- A Metro-Boston property owner has been sued for violating state anti-discrimination, lead paint, consumer protection, and housing laws, Attorney General Martha Coakley’s Office announced today.The complaint, filed this week, in Suffolk Superior Court against Keith L. Miller of Newton, alleges that Miller—who owns and manages at least 24 residential rental units in Chelsea, Newton, Arlington, and Brighton—engaged in a variety of discriminatory and retaliatory practices against tenants with young children in order to avoid his obligation to comply with state lead paint laws.

MassHousing Awards $171,963 for Affordable Sober Housing

BOSTON, MA - February 9, 2011 - (RealEstateRama) -- MassHousing has awarded $171,963 in financing to help create or preserve affordable sober housing in Boston, Hingham and Northampton.

Custom IDX solution simplifies search for Newton, Massachusetts home seekers

EUGENE, OR - February 9, 2011 - (RealEstateRama) -- IDX, Inc. announces Diana Dwyer of World of Real Estate has adopted a customizable IDX solution for her professional website. Dwyer joins the growing network of agents and brokers who have already transformed their own online real estate websites with the innovative IDX Broker software. Dwyer can now sync her website to the Massachusetts MLS Property Info Network (MLSPIN), making thousands of properties available for home seekers around Boston to search through. Never before has such a comprehensive and thorough online real estate solution been so readily available to agents, broker or potential buyers online

MBTA BOARD APPROVES ORANGE LINE T AGREEMENT

SOMERVILLE, MA - February 8, 2011 - (RealEstateRama) -- Federal Realty Investment Trust (NYSE: FRT) today announced that the Massachusetts Bay Transportation Authority (MBTA) board voted to approve a memorandum of agreement (MOA) between Federal Realty and the MBTA -- another significant milestone in Massachusetts’ largest development project.

Tierney Tours North Reading Housing Authority Recovery Act Project

North Reading, MA - February 4, 2011 - (RealEstateRama) -- Yesterday Congressman John Tierney met with North Reading Housing Authority staff and residents for an update on the more than $160,000 in federal Recovery Act funds currently supporting an ongoing project to replace the heating system at its Peabody Court complex. According to the Massachusetts Department of Housing and Community Development, energy efficiency improvements such as the one taking place at Peabody Court are estimated to reduce heating costs by anywhere between 15 and 25 percent.

Recent

AG Healey Secures $2 Million in Restitution for 20,000 Massachusetts Homeowners...

One of the nation’s largest mortgage servicers will pay $2 million in restitution to resolve allegations that it violated state law and committed unfair and deceptive practices by charging Massachusetts homeowners for unnecessary fees and overpriced force-placed insurance policies, Attorney General Maura Healey announced today