National Government and Public Real Estate News

International Real Estate Gathering Looks Forward to 2015

LAS VEGAS – March 2, 2015 – (RealEstateRama) — RE/MAX (NYSE:RMAX), the global real estate franchisor, is holding its annual R4 international convention this week at the Mandalay Bay Resort and Casino. Nearly 6,000 attending agents are here to listen to the vision of cofounders Dave and Gail Liniger, learn best practices from respected coaches, and network with their colleagues from 53 countries around the globe. more »

Beverly Hills Lifestyle Sotheby's Homes Fisher Investments on Crunchbase

Planned development will be one of the largest multifamily projects to be built in the Brentwood neighborhood in the past decade

LOS ANGELES, Calif. – March 2, 2015 – (RealEstateRama) — Commercial real estate investment banking firm George Smith Partners has successfully arranged $21 million in financing for its client, Elite Real Estate, LLC, for the ground-up construction of a 49-unit apartment community in the Brentwood neighborhood of Los Angeles, California. more »


IRVINE, Calif. – March 2, 2015 – (RealEstateRama) — As part of an ongoing strategy to further grow its existing base of institutional investors, Western National Group has launched an enhanced institutional investor-focused platform and appointed George L. Ochs, a former institutional real estate manager with JP Morgan, as its Chief Marketing Officer. more »

NEW YORK – March 2, 2015 – (RealEstateRama) — The American Civil Liberties Union and MFY Legal Services today released a report indicating that homeowners in communities of color are at greater risk of losing their homes due to loan servicers’ modification failures, with lax response from government regulators. more »

BOSTON – March 2, 2015 – (RealEstateRama) — The owner of a home nursing agency was sentenced yesterday to 92 months in prison for fraudulently billing millions of dollars of services to Medicare and then laundering the proceeds.

Michael Galatis, 63, of Natick, was sentenced today by U.S. District Court Judge Douglas P. Woodlock to 92 months in prison, three years of supervised release, and ordered to pay a $50,000 fine, $7 million in restitution to Medicare, and to forfeit proceeds of the fraud scheme, including his house, valued at $850,000. Galatis was convicted following a 16-day trial in December 2014 of conspiracy to commit health care fraud, ten counts of health care fraud, and seven counts of money laundering. more »

Recent Findings Published in Energy & Environmental Science

WASHINGTON, D.C. – March 2, 2015 – (RealEstateRama) — A new study from the Energy Department’s National Renewable Energy Laboratory (NREL) demonstrates the conversion of lignin-derived compounds to adipic acid, an important industrial dicarboxylic acid produced for its use as a precursor to nylon, plasticizers, lubricants, polyesters, and other popular products and chemicals. more »

SEATTLE, Wash. – March 2, 2015 – (RealEstateRama) — With $110 million in financing approved yesterday by the Washington State Housing Finance Commission for three projects, more than 600 affordable apartments will be built in King and Snohomish counties. more »

WASHINGTON, D.C. – March 2, 2015 – (RealEstateRama) — In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Feb. 27, 2015, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties in Wyoming. more »

Phoenix, Ariz., – March 2, 2015 – (RealEstateRama) — Agriculture Secretary Tom Vilsack today announced the availability of up to $8.7 million in funding for bioenergy research and education efforts as well as publishing the final rule for a program that provides incentives for farmers and forest landowners interested in growing and harvesting biomass for renewable energy. Both programs are made available through the 2014 Farm Bill. The Secretary made the announcements during remarks to the Growth Energy Executive Leadership Conference in Phoenix, Ariz. more »

Sacramento, CA – February 27, 2015 – (RealEstateRama) — Officials from the City of Sacramento, Sacramento Housing and Redevelopment Agency, D&S Development and CFY Development will officially kick off the start of construction on the 700 Block of K Street Project with a groundbreaking celebration on Thursday, March 5, 2015 at 3 p.m. in St. Rose of Lima Park at 7th and K Streets. more »

25 Categories Include Best Commercial Real Estate Story, Best Residential Real Estate Story, Best Home and Design Story and Best Mortgage or Financial Real Estate Story

Contest Is Open to Residential and Commercial Real Estate Reporters, Columnists, Writers, Bloggers, Editors, Producers and Broadcasters

BOCA RATON, Fla. – February 27, 2015 – (RealEstateRama) – NAREE has extended the deadline to enter the 65th Annual Real Estate Journalism Competition to March 6.  ”We received many calls from writers and editors asking for an extension since the original March 1 deadline falls on a Sunday this year,” said Mary Doyle-Kimball, NAREE’s executive director. more »

Shades of Senate bills past; Assembly Speaker Toni Atkins (D-San Diego) unveiled a bill to increase funding for affordable housing by adding a statewide $75 real estate document recording fee. Still to be determined is if the proposal is a tax (which requires two-thirds legislative approval) or a fee (which requires a majority approval). The $75 fee would be paid to the county whenever a real estate document is recorded and includes such transactions as property refinance, notice of default and/or notice of a trustee sale. Home sales would be exempt. more »

WASHINGTON, D.C. – February 27, 2015 – (RealEstateRama) — Four student-led teams from universities across the country are among the finalists selected by the U.S. Department of Housing and Urban Development (HUD) as part of a competition to encourage research and innovation in affordable housing design and planning.  Among these finalists, one team of graduate students will be chosen for the best solution for redevelopment of a senior housing high-rise in Houma, Louisiana. more »

WASHINGTON, D.C. – February 27,  2015 – (RealEstateRama) — Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of Realtors®. All major regions except for the Midwest saw gains in activity in January. more »

Second Acquisition within 30 Days Brings Meridian’s Development/Acquisition Total to Over 1.3 Million SF

SAN RAMON, CALIF. – February 27, 2015 – (RealEstateRama) — Meridian Property Company, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of a 15,915-square-foot medical office building located in Alameda County at 2920 Telegraph Avenue in Berkeley, California. Meridian purchased the property from Gambro of Deerfield, Ill., in an off-market direct deal transaction. The sales price could not be disclosed. more »

WASHINGTON, D.C. – February 27, 2015 – (RealEstateRama) — The rule of thumb should be this: If a financial product, such as a reverse mortgage, takes more than 350 words to explain, then there should be legal checkpoints before someone is allowed to sign off on one. more »

WASHINGTON, D.C. – February 27, 2015 – (RealEstateRama) – Associated Builders and Contractors (ABC) today announced nearly 200 competitors from 32 states will participate in this year’s National Craft Championships, March 4-5, at the Greater Fort Lauderdale Broward County Convention Center in Ft. Lauderdale, Fla. more »

WASHINGTON, D.C. – February 26, 2015 – (RealEstateRama) — The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), held steady with a reading of 54 for the fourth quarter of 2014. This capped the third straight year of quarterly readings consistently at 50 or above. more »

WASHINGTON, D.C. – February 26, 2015 – (RealEstateRama) — Without meaningful patent litigation reform, Realtors® and other small and midsize business owners will remain targets of extortion by unscrupulous entities that demand licensing fees or threaten frivolous lawsuits under the guise of patent infringement. That’s according to testimony today from the National Association of Realtors® before the U.S. House Subcommittee on Commerce, Manufacturing and Trade. more »

WASHINGTON, D.C. – February 26, 2015 – (RealEstateRama) — In an effort to help public housing residents find job opportunities, The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $36 million in grants to public housing authorities and non-profit organizations across the nation to hire or retain service coordinators to help residents achieve economic and housing independence. The funding will also link the elderly and people with disabilities with supportive services that allow them to maintain independent living and age-in-place. See list of funding by states below. more »

ERC and NCLR Investigation Uncovers Housing Discrimination against Latinos in Three Major Metropolitan Areas

NEW ORLEANS, – July 22, 2013 – (RealEstateRama) — Today the Equal Rights Center (ERC) —a national non-profit civil rights organization dedicated to equal opportunity for all—and The National Council of La Raza (NCLR) —the largest national Hispanic civil rights and advocacy organization in the United States—unveiled the results of a testing-based investigation documenting adverse and differential treatment against prospective Latino renters and homebuyers in Birmingham, Alabama; Atlanta, Georgia; and San Antonio, Texas.Bill Shepherd
Fisher Investments Rep
and ALLRMC.COM more »

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