Newjersey RealEstateRama

Trenton, NJ - June 22, 2009 - (RealEstateRama) – The New Jersey Department of Banking and Insurance (DOBI) today announced a major multistate settlement with Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding its mortgage lending practices for so-called “nontraditional” loans made in 2006.

Trenton, NJ - June 19, 2009 - (RealEstateRama) - The $400 million additional boon in amnesty funds discovered by Governor Jon Corzine should be part of the funding used to completely restore the property tax rebate program said Assemblywoman Dawn Marie Addiego and Assemblyman Scott Rudder, both R-Burlington.

TRENTON, NJ - June 19, 2009 - (RealEstateRama) – Attorney General Anne Milgram announced that a Lyndhurst lawyer was sentenced today for stealing approximately $4 million entrusted to him for real estate closings, which he used to gamble in Atlantic City.

WASHINGTON, DC - June 16, 2009 - (RealEstateRama) – US Senator Robert Menendez (D-NJ) today announced that New Jersey will receive more than $67 million in homeland security preparedness grants for first responders and safety programs. Included in the total is $26 million in grants for the state and more than $41 million for the Jersey City-Newark area as a region in the top tier of the Urban Area Security Initiative.

TRENTON, N.J. - June 16, 2009 - (RealEstateRama) — A new funding resource in support of Gov. Jon S. Corzine's commitment to promote economic development and a more secure environmentally responsible energy future for New Jersey was unveiled today. Known as the Clean Energy Solutions Capital Investment (CESCI) Loan/Grant, the new program was developed to encourage and promote energy efficiency measures within the commercial and industrial sectors and encourage the use of renewable energy while supporting the goals of the Governor Corzine's Energy Master Plan.

Newark, NJ - June 12, 2009 - (RealEstateRama) – PSE&G has been recognized by the solar industry for its game-changing innovations to expand the solar market that are models for replication around the country. The national award was presented at this week’s PV America conference in Philadelphia.

NEWARK, N.J. - June 11, 2009 - (RealEstateRama) – A Montclair man pleaded guilty today to mail and wire fraud and money laundering charges in connection with a $139 million fraud scheme that bankrupted Pine Brook-based U.S. Mortgage Corp. and its subsidiary, CU National Mortgage, LLC, Acting U.S. Attorney Ralph J. Marra, Jr. announced.

Iselin, N.J. - May 14, 2009 - (RealEstateRama) — The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has announced the acquisition of a 98,459-square-foot four-story office building located at 186 Wood Avenue in Iselin, N.J. from Siemens Corporation.

WASHINGTON, DC - May 11, 2009 - (RealEstateRama) — US Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced the state of New Jersey will receive $61 million in economic recovery act funds through a program to finance the purchase and construction of affordable housing units across the state, which will help create jobs while bringing down housing costs for working families.

TRENTON, NJ - April 27, 2009 - (RealEstateRama) — Attorney General Anne Milgram announced today the filing of a lawsuit charging three individuals and two...

WASHINGTON, DC - April 27, 2009 - (RealEstateRama) — Sen. Frank R. Lautenberg (D-NJ) today announced New Jersey will receive more than $27 million in federal funding to put people back to work, reduce poverty, revitalize low-income communities and improve self-sustainability for low-income families.

Parsippany, NJ - April 23, 2009 - (RealEstateRama) — Although the New Jersey commercial real estate market showed signs in the first quarter of 2009 of being at or near bottom, a large inventory of shadow space has the potential to hit the market later this year, which would further increase availability rates and decrease asking rents, according to data released by FirstService Williams, formerly GVA Williams, in its first quarter 2009 market report.

TRENTON, NJ - March 31, 2009 - (RealEstateRama) — Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Jersey City man pleaded guilty today to his role in a conspiracy involving his business partner and members of the partner’s family in which they stole $573,383 from the state by filing fraudulent applications for 745 Homestead Rebate checks.

West Windsor, N.J. - March 26, 2009 - (RealEstateRama) — Mayor Shing-Fu Hsueh signed into law the Redevelopment Ordinance that will modify the zoning for the 350-acres Redevelopment Area around the Princeton Junction at West Windsor train station.

WASHINGTON, D.C. - March 18, 2009 - (RealEstateRama) — Today, Senator Frank R. Lautenberg (D-NJ) announced millions of dollars in new funding for New Jersey’s public housing authorities to rehabilitate and modernize public housing units in New Jersey. The capital improvement money was included in the American Recovery and Reinvestment Act signed into law by President Obama.

NEWARK, N.J. - March 18, 2009 - (RealEstateRama) — A federal bankruptcy court in New Jersey took two actions related to the U.S. Mortgage Corp. (known as CU National Mortgage) bankruptcy case: it appointed seven credit union representatives to an Unsecured Creditors' Committee and set a hearing date for May 11.

TRENTON, NJ - March 12, 2009 - (RealEstateRama) — Continuing the state’s attack on mortgage fraud, Attorney General Anne Milgram announced today the filing of three new fraud lawsuits charging a total of 14 individual and corporate defendants.

TRENTON, NJ - February 20, 2009 - (RealEstateRama) — Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Monmouth County man was sentenced to state prison today in connection with a series of mortgage and investment scams through which he stole approximately $2.9 million from victims.

NEWARK, NJ - February 19, 2009 - (RealEstateRama) — State Attorney General Anne Milgram is requesting that the state licensing board shut down two funeral homes and a cremation service because the owner of the businesses, whose funeral director’s license was revoked following his involvement in illegal body parts harvesting, allegedly violated terms of the board order issued in January.

ELIZABETH, NJ - February 20, 2008 - (RealEstateRama) — In the economic recovery package passed on Friday, U.S. Senator Robert Menendez (D-NJ), with the support of Senator Edward Kennedy (D-MA) and Senator Patty Murray (D-WA), secured $70 million in federal funding for a program to help schoolchildren uprooted by foreclosures to remain in their schools and receive educational assistance.