National Government and Public Real Estate News

Orlando, FL – March 5, 2015 – (RealEstateRama) — CBRE arranged the sale of a 61,200-square-foot retail center located at 851 East State Road 434 in Longwood, FL. Time Square Plaza, anchored by national chains such as Sherwin-Williams and O’Reilly Auto Parts, was acquired from Beverly Hills, Calif.-based Latitude Management Real Estate Investors by an affiliate of Harvest Holdings for $3,122,500. CBRE represented the seller in the transaction. more »

Beverly Hills Lifestyle Sotheby's Homes Fisher Investments on Crunchbase

Key Colony Bay Resort in Marathon, Florida is Sold

Miami, FL – March 5, 2015 – (RealEstateRama) — CBRE Hotels arranged the sale of the 80-room Key Colony Bay Resort, a property located on four acres in Marathon, Florida. Baywood Hotels acquired the asset from The Peebles Corporation. This represents the eighth Florida Keys hotel sale in two years to be arranged by the Miami-based CBRE Hotels team. CBRE Hotels’ Robert Taylor and Ron Danko represented the seller. more »

TAMPA – March 5, 2015 – (RealEstateRama) — Disasters of any type can be costly for businesses in many ways, and even result in permanent closure. Preparing for disasters and helping businesses recover from disruptions effectively is the topic of two free workshops next week sponsored by the National Association of Development Organizations (NADO) Research Foundation and the International Economic Development Council (IEDC), in Wilmington, North Carolina and Conway, South Carolina. more »

WASHINGTON, D.C. – March 5, 2015 – (RealEstateRama) – Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 27, 2015. more »

SAN FRANCISCO, CA – March 4, 2015 – (RealEstateRama) — Wells Fargo Real Estate Investment Corporation (NYSE: WFE Pr A) announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. more »

Washington, D.C. – March 4, 2015 – (RealEstateRama) — Associated Builders and Contractors (ABC) released the following statement on the U.S. Senate’s passage of a joint resolution to block the National Labor Relations Board’s (NLRB) ambush election proposal. The resolution, introduced by Senate Committee on Health, Education, Labor and Pensions Chairman Lamar Alexander (R-Tenn.) and House Committee on Education and the Workforce Chairman John Kline (R-Minn.), seeks to prevent the NLRB from implementing the ambush rule, which is scheduled to take effect April 14, through the Congressional Review Act. more »

Sacramento, CA – March 4, 2015 – (RealEstateRama) — Officials from the City of San Francisco, Sacramento Housing and Redevelopment Agency and San Francisco-based developer Bridge Housing will celebrate a rededication of Washington Plaza Apartments which has undergone a $43 million rehabilitation project to modernize the 76-unit building inside and out. more »

New York, NY – March 3, 2015 – (RealEstateRama) — Hunt Mortgage Group, a commercial real estate lender, announced today that it has financed seven affordable housing projects with FHA/HUD loan facilities. The total Hunt investment is $102 million and the properties include: more »

WASHINGTON, D.C. – March 4, 2015 – (RealEstateRama) –Your company’s participation in the 2015 NAIOP Commercial Real Estate Compensation Survey is important and will help shape the future of commercial real estate. Survey respondents at the overall company level will receive a complimentary electronic copy of the full comprehensive survey report – a $1,500 value! more »

WASHINGTON, D.C. – March 4, 2015 – (RealEstateRama) — Congresswoman Eleanor Holmes Norton (D-DC) today said that today’s passage of a clean fiscal year 2015 Department of Homeland Security (DHS) Appropriations bill ensures the additional $48.6 million needed for DHS to move into the Center building complex at the DHS campus at St. Elizabeths in Ward 8. The Center building will house the DHS secretary and top DHS officials, and a contractor already has been working on the building. The fiscal year 2015 omnibus appropriations bill, passed in December, included $144 million for DHS consolidation at St. Elizabeths. Norton has secured $1.7 billion for the DHS complex, including nearly $1.4 billion in stimulus funds for the complex’s first building, the Coast Guard headquarters, which was completed on time and on budget. more »

WASHINGTON, D.C. – March 4, 2015 – (RealEstateRama) — CBRE arranged the sale of 5220 Shad Road, a flex and industrial portfolio consisting of three multi-bay warehouses totaling 80,755 square feet, located at the Magnolia Park in Jacksonville, FL. Dalfen America Corp., a private equity real estate firm based out of Montreal, Canada, acquired the portfolio from Magnolia Partners LTD for $3.35 million. CBRE represented the seller in the transaction. more »

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — A new U.S. Census Bureau report released today provides an in-depth analysis of the nation’s population looking forward to 2060, including its size and composition across age, sex, race, Hispanic origin and nativity. These projections are the first to incorporate separate projections of fertility for native- and foreign-born women, permitting the Census Bureau to better account for the effects of international migration on the U.S. population. more »

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — The Independent Community Bankers of America® (ICBA) today announced its top legislative and regulatory priorities for 2015. more »

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — NAHB recently updated the online tool that provides economic and housing statistics for all the HBAs across the federation. The tool now aggregates county-level data from the latest American Community Survey (ACS) and reflects HBA jurisdictions as of the January 2015 NAHB Board of Directors meeting. The statistics provided are NAHB tabulations based on an aggregation of county-level data from the 2013 ACS and 2013 Building Permits Survey, both conducted by the Census Bureau and the latest available data. more »

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — Associated Builders and Contractors (ABC) today announced industry leader Greg Sizemore as its vice president of environment, health, safety (EH&S) and workforce development for ABC. Sizemore is tasked with directing ABC’s long-range strategic objectives related to creating an innovative, skilled, productive, healthy and safe workforce. more »

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — Delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2014, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. more »

As prepared for delivery

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — I last joined you nearly 2 years ago to this day, and it is great to be back at the NCSHA’s winter legislative conference to update you on a few issues that we both care about deeply.  While I have worked with housing finance agencies (HFAs) on a wide range of affordable housing issues over several decades in good times and bad, Treasury’s intensive, hands-on experience with HFAs was forged after the financial crisis. more »

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — The 60 Minutes report Sunday about Hurricane Sandy insurance claims is a matter of great concern to me and FEMA Administrator Craig Fugate. We share the views expressed by FEMA Deputy Associate Administrator Brad Kieserman during the program. Any allegation of fraud is highly troubling, and especially so when it involves Americans who have lost their homes in a natural disaster. more »

Rental assistance to prevent unnecessary institutionalization

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — To help prevent thousands of individuals with disabilities from being unnecessarily institutionalized or possibly falling into homelessness, the U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $150 million in rental assistance to 25 State Housing Agencies.  In turn, the state agencies will provide permanent affordable rental housing and needed supportive services to nearly 4,600 households who are extremely low-income persons with disabilities, many of whom hoping to transition out of institutional settings back to the community. more »

Settlement Addresses Robo-Signing and Other Improper Practices in Bankruptcy Cases

WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — The Department of Justice’s U.S. Trustee Program (USTP) has entered into a national settlement agreement with JPMorgan Chase Bank N.A. (Chase) requiring Chase to pay more than $50 million, including cash payments, mortgage loan credits and loan forgiveness, to over 25,000 homeowners who are or were in bankruptcy. Chase will also change internal operations and submit to oversight by an independent compliance reviewer. The proposed settlement has been filed in the U.S. Bankruptcy Court for the Eastern District of Michigan, where it is subject to court approval. 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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