National Government and Public Real Estate News

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 »

Beverly Hills Lifestyle Sotheby's Homes

WASHINGTON, D.C. – August 29, 2014 – (RealEstateRama) — The Community Development Financial Institutions Fund (CDFI Fund) has provided supplemental guidance to potential calendar year (CY) 2014 New Markets Tax Credit Program (NMTC Program) applicants by updating the CY 2014 NMTC Program – Application Questions & Answers document on its website. The supplemental guidance is the result of specific questions that the CDFI Fund received during the two application round conference calls hosted on August 12 and 14, 2014. more »

PHOENIX, AZ – August 29, 2014 – (RealEstateRama) — A 25,465 SF warehouse building at 3880 E. Broadway Rd. in Phoenix has sold to a California owner/investor group for $2,950,000 or $115.00 per SF. The sale was completed on August 21.

The sale featured Lee & Associates principals on both sides of the transaction. Stein Koss and Tom Louer of the Phoenix offi ce represented the seller, EERST Properties of Scottsdale. Nate Bubeck of the Phoenix offi ce and Tom Gilmer of Lee’s Orange, CA offi ce represented the buyer, William T White III Revocable Trust of Costa Mesa, CA. more »

SALISBURY, MD – August 29, 2014 – (RealEstateRama) — Ben Alder, Senior Advisor of the Alder Land Group at Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD recently listed 26 farms totaling 3500 acres for lease. The farms are located throughout Maryland and Delaware and offer hunting and agricultural leases. Of the 3,500 total acres, over 2,000 acres in the offering are tillable. Bids for farmland and hunting land leases are due on October 15, 2014. more »

TALLAHASSEE – August 29, 2014 – (RealEstateRama) — Chief Financial Officer Jeff Atwater today issued the following statement on the lawsuit to eliminate the Florida Tax Credit Scholarship Program:

“I am outraged by the lawsuit seeking to eliminate the Florida Tax Credit Scholarship Program (FTCSP). Since 2002, this program has been providing scholarships to disadvantaged, low income students whose families have longed for access to better schools. The FTCSP was expanded in 2010 and 2012 with broad bipartisan support in both chambers. For the entities filing this suit to choose to use the Courts for what they could not accomplish through the legislative process is both disheartening and disingenuous. more »

MANHATTAN, KS – August 29, 2014 – (RealEstateRama) — U.S. Senators Pat Roberts and Jerry Moran, and Representative Tim Huelskamp today received a tour from the U.S. Department of Homeland Security of the future home of the National Bio and Agro-Defense Facility (NBAF) in Manhattan, Kansas on the campus of Kansas State University. more »

Funding helps local affordable housing developers preserve affordable housing

DENVER – August 29, 2014 – (RealEstateRama) — Mercy Loan Fund, a subsidiary of Mercy Housing Inc., announced today that it has received a $1,500,000 financial assistance award from the United States Treasury’s Community Development Financial Institutions (CDFI) Fund. The funds will help MLF provide approximately $8 million of leveraged financing to affordable housing developers working in low-income and distressed communities. more »

WASHINGTON, D.C. – August 29, 2014 – (RealEstateRama) — Creating resilient communities that are economically prosperous and environmentally sustainable is the focus of the Urban Land Institute’s (ULI) Building the Resilient City: Risks and Opportunities conference, set for September 4-5, 2014 at the Hyatt Regency in San Francisco, California. more »

WASHINGTON, D.C. – August 29, 2014 – (RealEstateRama) — Open to the general public and featuring a slate of world-renowned speakers and guests, MBI’s September Modular Construction Summit will feature an afternoon of education on the benefits of utilizing modular processes in construction projects. more »

Owner and Seven Employees of Mortgage Company and Two Real Estate Developers Indicted for $50 Million

WASHINGTON, D.C. – August 29, 2014 – (RealEstateRama) — The owner of a Florida mortgage company, seven employees of the company and two real estate developers were indicted in the Southern District of Florida in connection with an alleged $50 million mortgage fraud scheme. more »

WASHINGTON, D.C. – August 29, 2014 – (RealEstateRama) — The Multifamily Production Index (MPI), a leading indicator for the multifamily market released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th straight quarter with a reading of 50 or above. more »

WASHINGTON, D.C. – August 29, 2014 – (RealEstateRama) — Estate Rehab Subgroup on September 4, 2014. This meeting will take place from 6:30 pm to 8:00 pm at 17 Huckleberry Hill Road, Brookfield, CT. All attendees are encouraged to register online in advance.

The CT REIA Real Estate Rehab Subgroup is designed for those investors interested in flipping houses in Connecticut. This subgroup is ideal for those who are currently renovating properties and want to see what other Connecticut investors are doing. Every open house is different, and each project is lead by CT REIA members. more »

NEW ORLEANS, LA – August 28, 2014 – (RealEstateRama) — Today, at Gallier Hall, located at 545 St. Charles Avenue, a small piece of the stone cornice fell from the building’s front façade and damaged the granite steps below. The City has secured the area in front of the building with barricades and is assessing the condition of the building. No one was injured and no construction was underway before or during this incident. Gallier Hall will remain open and assessable through the side door on Lafayette Street. more »

WASHINGTON – August 28, 2014 – (RealEstateRama) — Pending home sales rebounded in July and have now risen in four of the last five months, according to the National Association of Realtors®. All major regions experienced healthy gains except for the Midwest, which saw a slight decline. more »

WASHINGTON – August 28, 2014 – (RealEstateRama) — The National Association of Realtors® has recognized 10 Realtors® as finalists for REALTOR® Magazine’s 2014 Good Neighbor Awards. This award honors Realtors® who help build communities, often supporting causes that enrich and improve neighborhoods and volunteering their time to better the lives and homes of community members. more »

Reston, Virginia, – August 28, 2014 – (RealEstateRama) — MERSCORP Holdings, Inc. today announced that the United States District Court for the District of Minnesota issued rulings in three cases that are favorable to Mortgage Electronic Registration Systems, Inc. (MERS). The court held that the foreclosing entities who were the named defendants in the cases established unbroken chains of title under Minnesota law by producing mortgages in which MERS was named the original mortgagee and subsequent assignments by MERS to the foreclosing entities. The plaintiffs lacked standing to challenge the assignments by MERS and, based upon the unbroken chains of title, the foreclosures were proper. more »

Dallas-Plano-Irving, Texas and Lake Charles, La. Top Growth List; Phoenix-Mesa-Glendale, Ariz. and Steubenville-Weirton, Ohio-W.V. Experience the Largest Actual and Percentage Declines for the Year

WASHINGTON, D.C. – August 28, 2014 – (RealEstateRama) — Construction employment expanded in 223 metro areas, declined in 72 and was stagnant in 44 between July 2013 and July 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America. As employment grows, 25 percent of firms report labor shortages are forcing them to turn down work according to a new survey conducted by SmartBrief, an industry leader in curated business news and custom content, in partnership with the association. more »

WASHINGTON, D.C. – August 28, 2014 – (RealEstateRama) — Global real estate investment and services firm Kennedy Wilson has announced that it represented the buyer in the sale of a self-storage portfolio for $16.4 million. Family-owned by the AMS Group for more than 40 years, the portfolio consists of three properties totaling 158,000 square feet located throughout Los Angeles and Riverside counties. more »

WASHINGTON, D.C. – August 28, 2014 – (RealEstateRama) — The Multifamily Production Index (MPI), a leading indicator for the multifamily market released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th straight quarter with a reading of 50 or above. more »

Ft. Lauderdale, FL – August 28, 2014 – (RealEstateRama) — CBRE arranged the sale of The Stephan Company headquarters, a 30,000-square-foot manufacturing facility at 1850 West McNab Road in Fort Lauderdale, for $1.9 million. CBRE represented the seller, The Stephan Company, a premier manufacturer and distributor of hair care, skincare and personal care items, which is relocating to Tampa. Ren Kent of Coldwell Banker Commercial NRT represented the buyer, APC Packaging. more »

SAN JACINTO, CALIF. – August 28, 2014 – (RealEstateRama) — According to Sharon Paisley, Development Director at the City of San Jacinto, Calif., Circle K Stores, Inc. has broken ground on its newest prototype in Southern California, a flagship store to consist of a 4,500-square-foot convenience store offering fresh food, a gas station with eight fuel pumps, and a self-serve state-of-the-art carwash. more »

 
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