National Government and Public Real Estate News
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Progressive Real Estate Partners and Hanley Investment Group announced today the for-sale listing of Thomas Winery Plaza, a 99,808-square-foot historic landmark shopping center for $28.6 million ($287 psf). The center is located at the northeast corner of Foothill Blvd. (Historic Route 66) and Vineyard Avenue in Rancho Cucamonga, Calif., and is the site of California's oldest winery established in 1839.
CBRE Executive Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of Lincoln Plaza, an 80,922-square-foot community shopping center in the city of Tacoma, WA, leased to a complementary mix of retail, service and restaurant tenants including Big 5, Jared The Galleria Of Jewelry, Men’s Warehouse, Skechers, Starbucks, Wingstop, Sprint and others. The sale price was $26.7 million. The property was approximately 95% occupied at the time of sale.
Typhoon Soudelor did millions of dollars in damage to schools, electricity, and other public infrastructure in the Northern Mariana Islands, but federal funds are paying for 90 percent of the cost of recovery.
Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and West.
Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest, Huntington Bancshares Inc. announced a commitment of $16.1 billion for community development, including lending and investments, over a five-year period.
The following housing, community development, neighborhood and civil rights groups commended the $16.1 billion Community Development Plan announced by Huntington Bancshares. The plan was developed in an agreement between Huntington Bancshares and the undersigned local members and allies of the National Community Reinvestment Coalition (NCRC). Chicago and the surrounding area are expected to benefit substantially from the loans and investments included in this agreement.
ATLANTA and CARY, N.C. – May 23, 2016 – (RealEstateRama) — Ply Gem, a North American manufacturer of building products, is partnering with Habitat for Humanity homeowner families in support of the Home for Good project, a campaign to build affordable housing across America. Fisher Investments on Crunchbase Crunchbase: Fisher Investments profile
The Federal Housing Administration (FHA) today proposed a new rule to strengthen itsHome Equity Conversion Mortgage (HECM) Program. In addition to formalizing many of the structural improvements announced recently, FHA’s proposed rule is intended to make certain FHA-insured reverse mortgages remain a viable and sustainable resource for senior homeowners hoping to remain in their homes and age in place. Read FHA’s proposed rule.
WASHINGTON, D.C. – (RealEstateRama) — The Energy Department’s (DOE) National Renewable Energy Laboratory (NREL), along with industry partner CLEAResult, will launch a Call for Innovation as part of the DOE JUMP initiative during the Bay Area Maker Faire in San Mateo, Calif., on May 22.
Agriculture Secretary Tom Vilsack today celebrated the 80th anniversary of the Rural Electrification Act (REA) and announced funding to build and upgrade rural electric infrastructure in five states.
The median age and years of experience of Realtors® has decreased as new and younger professionals enter the industry, according to the 2016 National Association of Realtors® Member Profile.
Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 13, 2016.
Working to build strong and stable homes and communities, nearly 400 Habitat for Humanity AmeriCorps members from across the country will travel to select cities in North Carolina, South Carolina and Colorado to build or repair 36 homes during Habitat’s annual AmeriCorps Build-a-Thon
On Thursday, May 19th at 10:30 EDT, Investors Unite Executive Director Tim Pagliara will host a teleconference featuring law professor Saikrishna Prakash who will discuss his new analysis of the government’s efforts to conceal deliberations related to the Net Worth Sweep
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 2001 Milwaukee Avenue in Chicago, IL for $11,275,000.
A group of renowned land use and urban planning experts has been convened by the Urban Land Institute (ULI) to make recommendations to Miami-Dade County on improving the resilience of the Arch Creek Basin area to the impacts of climate change.
U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs today spoke on the Senate floor in favor of Senator Mike Lee’s amendment to the Transportation, Housing and Urban Development Appropriations bill.
International award-winning firm KTGY Architecture + Planning is pleased to announce that Hollywood’s newest single-family residential community developed by Canfield Development is 50% sold out in just two weeks. Designed by KTGY, The June Street Collection is a unique collection of 10 single-family detached homes in South Hollywood’s popular SOHO neighborhood, near Hancock Park, and steps away from fine dining, shopping and entertainment. The homes, which are located at 822 N. June Street, blend contemporary styling with historic Spanish architecture.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Bank of America Ground Lease located at 1400 Waukegan Road in Glenview, IL for $6,900,000.
The Energy Department released the On the Path to SunShot reports, a series of eight research papers examining the state of the U.S. solar energy industry and the progress made to date toward the SunShot Initiative’s goal to make solar energy cost-competitive with other forms of electricity by 2020. The solar industry is currently about 70 percent of the way towards achieving the Initiative’s 2020 goals, but as solar has become more affordable, helping the industry grow by an astonishing 23-fold since the beginning of the Obama Administration, new challenges and opportunities have emerged.
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. Sotheby’s Homes  Fisher Investments on Crunchbase and ALLRMC.COM more »

 
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