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DG Delavan, IL

The Boulder Group Arranges Sale of Triple Net Lease Dollar General in Illinois

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 710 East 4th Street in Delavan, Illinois for $ $1,211,000. Delavan is part of the Peoria Metropolitan Statistical Area

Hanley Investment Group Completes Sale of New Single-Tenant Net-Lease LA Fitness in Chicago Metro...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, arranged the sale of a new single-tenant net-lease investment occupied by LA Fitness in an off-market transaction. The property is located in the Chicago metro area in Elmhurst, Illinois.
USDOJ

Construction Company Officer Sentenced to Prison for Conspiring to Defraud Government

Michelle Cho, an officer of Far East Construction Corporation (Far East) and other construction companies, was sentenced today to six months in prison and 24 months of supervised release on a federal charge of conspiring to commit wire fraud. Cho was also ordered to pay forfeiture in the amount of $169,166 and pay a criminal fine in the amount of $35,000
NAHB

Proposed Lumber Duties Will Harm Consumers, Housing Affordability

The National Association of Home Builders (NAHB) today denounced the decision by the U.S. Department of Commerce to impose a 20 percent countervailing duty on Canadian lumber imports, saying it will harm American home buyers, consumers and businesses while failing to resolve the underlying trade dispute between the two nations.
NAHB

Statement from NAHB Chairman Granger MacDonald on Comments by Commerce Secretary Ross Regarding Canadian...

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today responded to comments by Commerce Secretary Wilbur Ross regarding the imposition of tariffs on Canadian lumber imports
NAHB

New Home Sales in March Continue Upward Trend

Sales of newly built, single-family homes rose for the third straight month, increasing 5.8 percent in March to a seasonally adjusted annual rate of 621,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

U.S. Department of Energy Authorizes Golden Pass to Export Liquefied Natural Gas from Golden...

The U.S. Department of Energy announced today that it has signed an order authorizing Golden Pass Products LLC (Golden Pass) to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is authorized to export LNG up to the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas to any non-FTA country not prohibited by U.S. law or policy from the Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas

HUD AND COUNCIL ON FOUNDATIONS ANNOUNCE WINNERS OF 2017 SECRETARY’S AWARD

The U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (COF) today announced the winners of the 2017 HUD Secretary's Award for Public-Philanthropic Partnerships.
HUD

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN MARCH 2017

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for March 2017
ASE

More Than 1,000 Companies Call For Strengthening ENERGY STAR Program

WASHINGTON – More than 1,000 U.S. companies and organizations signed a letter to Congress and the administration calling for lawmakers to strengthen the ENERGY...

Leader McCarthy Supports Local Control of Land

House Majority Leader Kevin McCarthy (CA-23) released the following statement on President Trump’s executive order on national monuments under the Antiquities Act of 1906. Over a quarter of the 34 national monuments designated by President Obama were in California, restricting over 2.4 million acres in the Golden State alone
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 21, 2017
Taylor Design

Taylor Design Taps Jen Leonard as Strategies Practice Leader

Taylor Design, a solution-oriented architecture, environments and strategies firm, has announced that Jen Leonard has joined the firm as Strategies Practice Leader. In this role, she will focus on bringing her human-centered design experience to Taylor Design collaborating across its Irvine, San Francisco and San Diego offices, and inspiring new ways of approaching design challenges.
Casey Immel

Cypress West Partners Brings Ryan Borzouei on Board as Director of Acquisitions and Casey...

To further support its growth, Cypress West Partners, one of the Western US’ leading owners and operators of healthcare real estate, has added Ryan Borzouei as Director of Asset Management and Acquisitions and Casey Immel as Director of Leasing. The new hires are part of a strategic leadership move to support the firm’s continued growth plans.
IEUAwater

Inland Empire Utilities Agency Receives a Trifecta of Grand Prize Awards for the Regional...

The American Academy of Environmental Engineers and Scientists® (AAEES) presented the Inland Empire Utilities Agency (IEUA/Agency) grand prize awards in three categories for the Regional Water Recycling Plant No. 5 Battery Storage Project at the annual awards luncheon held on April 13, 2017, at the National Press Club in Washington, DC
USDOJ

Energy & Process Corp. Agrees to Pay $4.6 Million for Alleged False Claims Regarding...

The Justice Department announced today that Energy & Process Corporation (E&P) of Tucker, Georgia, has agreed to pay $4.6 million to resolve the government’s lawsuit filed under the False Claims Act alleging that it knowingly failed to perform required quality assurance procedures and supplied defective steel reinforcing bars (rebar) in connection with a contract to construct a Department of Energy (DOE) nuclear waste treatment facility.
Congresswoman Eleanor Holmes Norton

Norton Says Next OGR Chair Should Respect D.C. Home Rule

As Congress prepares to come back from its spring recess tomorrow, Congresswoman Eleanor Holmes Norton (D-DC), a senior member of the House Oversight and Government Reform Committee (OGR), noted that OGR Chairman Jason Chaffetz (R-UT) announced during the recess that he would give up his seat, possibly before the end of this Congress.  Norton issued the following statement
SolanaBeach_Beachwalk

CBRE National Retail Partners West Completes $33.25 Million Sale of BeachWalk in Solana Beach

CBRE’s John Read announced that his National Retail Partners – West (NRP-West) team along with Reg Kobzi in CBRE’s San Diego office completed the sale of BeachWalk, a 54,973 square-foot coastal retail center in the city of Solana Beach, Calif. Situated along Highway 101, the property is steps to the Pacific Ocean, walking distance to the Cedros Design District and Amtrak Train Station, and less than a mile from the world famous Del Mar Fairgrounds, site of the Del Mar Racetrack. The sale price was $33.25 million
FEMA

FEMA Hiring 100 Public Assistance Site Inspector Specialists

Calling all construction managers, building inspectors and disaster recovery specialists!  FEMA is seeking applicants for 100 reservist positions for Public Assistance (PA) Site Inspector Specialists in various locations.
Energy

Energy Department Announces New National Laboratory Collaborations with 38 Small Businesses

Today, at Earth Day Texas 2017, the U.S. Department of Energy (DOE) announced the 38 small businesses that will collaborate with national lab researchers through the Small Business Vouchers (SBV) pilot. SBV facilitates access to the DOE national labs for American small businesses, enabling them to tap into the intellectual and technical resources they need to overcome critical technology challenges for their advanced energy products and gain a global competitive advantage. Eight DOE national laboratories will receive funding to partner with 38 competitively selected small businesses across the country.
NAR

Existing-Home Sales Jumped 4.4% in March

Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.

Second Century Ventures Announces 2017 REach® Accelerator Class

The National Association of Realtors®’ strategic investment arm, Second Century Ventures, unveiled seven organizations chosen for the 2017 class of REach®, a growth technology accelerator program helping launch companies into the real estate, financial services, banking, home services and insurance industries. The program is focused on providing early-to mid-stage companies with access to NAR’s industry expertise, influence and key relationships as companies are launched into the trillion dollar real estate space
DHCD

DHCD Announces Respondents to Redevelop Historic Anacostia Properties

Department of Housing and Community Development Director Polly Donaldson announced today that the District received two responses to the Solicitation for Offers (SFO) for the development of six vacant and blighted properties in Historic Anacostia (Ward 8).

CONSTRUCTION EMPLOYMENT INCREASES IN 39 STATES OVER PAST 12 MONTHS; 17 STATES ADD JOBS...

California and Oregon Add Most Jobs for the Year; Illinois and Mississippi Have Largest Declines; New Mexico and California Top Monthly List; Alaska and Illinois Have Biggest Month-to-Month Drops
NAHB

Statement from NAHB Chairman Granger MacDonald on Canada Seeking Alternative Source of Lumber Exports...

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville Texas, today issued the following statement regarding reports that Canada is looking at China to boost lumber exports as an alternative to the U.S

Brown Statement on CFPB Action Against Ocwen Financial for Failing Homeowners

U.S. Sen. Sherrod Brown (D-OH) – ranking member of the Senate Banking, Housing, and Urban Affairs Committee – issued the following statement regarding today’s action by the Consumer Financial Protection Bureau and state regulators against Ocwen Financial Corp. The CFPB alleges that Ocwen, one of the nation’s largest nonbank mortgage servicers, for years “engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process,” according to the bureau.
MBA

MBA Offers Detailed GSE Reform Proposal

The Mortgage Bankers Association (MBA) today released a white paper GSE Reform: Creating a Sustainable, More Vibrant, Secondary Mortgage Market which provides a detailed picture of a reformed and revitalized secondary mortgage market. It also attempts to shed light on two critical areas that have tested past reform efforts - the appropriate transition to the reformed system and the role of the secondary market in advancing an affordable housing strategy.
NAHB

Increases in Remodeling Market Indicators Reflect Broad-Based Confidence

Some people think about it, while others would rather not. But if you’ve ever wondered what happens to all the water that leaves your home after the dishes are done and the toilet is flushed… now is your chance to find out.
NMHC

Apartment Markets Sluggish in the April NMHC Quarterly Survey

Despite moderate improvements over the first quarter of 2017, all four indexes of the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions remained below the breakeven level of 50. The Market Tightness (41), Sales Volume (30), Equity Financing (42), and Debt Financing (41) all indicated continued softening conditions in apartment markets even as demand for apartment residences remains strong.
Natural Resources

Bishop Announces Senior Committee Staff Changes

Kiel Weaver, staff director for the Subcommittee on Water, Power and Oceans, is leaving the Committee to join the office of House Speaker Paul Ryan. Beginning May 1, Kiel will serve as the Speaker’s adviser on energy and environment issues. Bill Cooper, staff director for the Subcommittee on Energy and Mineral Resources, and Rob Gordon, staff director for the Subcommittee on Oversight and Investigations, are also departing the Committee.

Popular

Hanley Investment Group Completes Sale of New Single-Tenant Net-Lease LA Fitness...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, arranged the sale of a new single-tenant net-lease investment occupied by LA Fitness in an off-market transaction. The property is located in the Chicago metro area in Elmhurst, Illinois.

Recent

DG Delavan, IL

The Boulder Group Arranges Sale of Triple Net Lease Dollar General...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 710 East 4th Street in Delavan, Illinois for $ $1,211,000. Delavan is part of the Peoria Metropolitan Statistical Area

Editors’ Picks

Norton Reelected as Top Democrat on Highways and Transit Subcommittee

Congresswoman Eleanor Holmes Norton (D-DC) was elected by her fellow Democrats on the House Transportation and Infrastructure Committee to return as the Ranking Member of its Subcommittee on Highways and Transit. As Ranking Member last Congress, Norton was one of the “Big Four” House Transportation Committee leaders who negotiated the first long-term surface transportation bill in a decade, and successfully ensured that key Democratic priorities made it into the final, bipartisan bill.