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. – November 28, 2014 – (RealEstateRama) — In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Nov. 28, 2014, 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 Maryland. more »

WASHINGTON – November 27, 2014 – (RealEstateRama) — Sales of new single-family houses in October 2014 were at a seasonally adjusted annual rate of 458,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent (±16.5%)* above the revised September rate of 455,000 and is 1.8 percent (±17.4%)* above the October 2013 estimate of 450,000. more »

WASHINGTON, D.C. – November 26, 2014 – (RealEstateRama) — Pending home sales declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the National Association of Realtors®. more »

WASHINGTON, D.C. – November 26, 2014 – (RealEstateRama) — Commercial real estate is looking at the GOP’s majority in the House and Senate, and the 2016 presidential election, as signs that legislation on energy, tax code and infrastructure will make their way into law during the next two years. NAIOP President and CEO Thomas Bisacquino was interviewed for a piece, “Dawn of a New Age?” in the December 2014 issue of Commercial Property Executive. more »

Why November Is The Best Month To Sell Your Home

WASHINGTON, D.C. – November 25, 2014 – (RealEstateRama) — Some owners hesitate to market their homes between Halloween and New Year’s Day, believing the holiday season to be an off-peak time to sell. But the idea that houses don’t sell in November and December comes from outdated historical trends. more »

Denver, Colorado – November 25, 2014 – (RealEstateRama) — Mark your calendar to support Mercy Housing for Colorado Gives Day on December 9, 2014. Coloradans will come together to support local nonprofits throughout the state like Mercy Housing. For the fifth consecutive year, Community First Foundation and First Bank are partnering to present Colorado Gives Day. more »

SAN GABRIEL VALLEY, CA – November 25, 2014 – (RealEstateRama) — Ryan Campbell with NAI Capital’s San Gabriel Valley East office sold and leased four properties in the San Gabriel Valley totaling over 49,000 sq. ft. and $4.8 Million dollars, all within a recent thirty day period. Rick Sheckter of Newmark Grubb Knight Frank’s City of Industry office co-brokered the three sales transactions. more »

Miami, FL – November 25, 2014 – (RealEstateRama) — CBRE arranged the purchase of an 85,000-square-foot industrial building in Miami, FL, on behalf of Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. The asset at 11205 NW 131st Street was acquired for $8.9 million from Canaan Trading Company, a premier food and food supplies distributor. The property was 100% occupied by three tenants at the time of sale. CBRE represented Terreno in the transaction. more »

LOS ANGELES – November 25, 2014 – (RealEstateRama) — Los Angeles Headquarters Association (LAHQ), one of the city’s premiere business associations, has named Randy Soewers as its 2015-16 president. An associate vice president in the LA offices of global architectural firm RTKL, Soewers’ international experience in the business community will be a driving force for the organization, which is focused on highlighting Los Angeles as an international business hub. more »

New development will provide mixed-income housing and community space

New York, NY – November 25, 2014 – (RealEstateRama) — The Harlem site of the long-vacant Renaissance Ballroom will soon house a vibrant, mixed-use development with over 134 residential units (20 percent of which will be affordable) and community space. BRP Development Corporation, widely recognized as an accomplished developer of complicated mixed-income and affordable housing developments, purchased the site from Abyssinian Development Corporation, the development arm of the Abyssinian Baptist Church, and will build the new facility named the “Renny” after the historic ballroom. more »

ST PETERSBURG, FLORIDA – November 25, 2014 – (RealEstateRama) — A joint venture consisting of affiliates of Feldman Equities, Tower Realty Partners and Second City Real Estate, has acquired First Central Tower, a 17-story, 250,000 square foot office building located at 360 Central Avenue in downtown St. Petersburg. Larry Feldman, CEO of Feldman Equities will spearhead leasing and redevelopment efforts while Tower Realty Partners will handle management responsibilities. more »

Frisco, Texas – November 25, 2014 – (RealEstateRama) — Work is progressing forward for Wade Park, the massive 175-acre, $1.6 billion, mixed-use destination project that broke ground this summer at the North Dallas Tollway and Lebanon Road – ideally located at the heart of Frisco’s “$5 Billion Mile.” With site grading in the works and vertical construction beginning in the spring, Atlanta-based developer Thomas Land & Development (TLD) is unveiling new project designs, construction plans and partners. Additional retail and hotel announcements are expected soon, following Whole Foods Market®, iPic Theaters, and Pinstripes, who signed leases for Wade Park earlier this year. more »

Strongest regional conditions in the South, sharp decline in Northeast

WASHINGTON, D.C. – November 24, 2014 – (RealEstateRama) — Headed by the continued strength in the multi-family residential market and the emerging growth for institutional projects, demand for design services continues to be healthy as exhibited in the latest Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the October ABI score was 53.7, down from a mark of 55.2 in September. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 62.7, following a mark of 64.8 the previous month. more »

Miami, FL – November 24, 2014 – (RealEstateRama) — Two new tenants have signed leases at The Alhambra, a 14-story, Class A office tower interconnected with the Hyatt Hotel and located in the heart of Coral Gables. Private trust and investment firm Fiduciary Trust International of the South, a division of Franklin Templeton Investments, has signed a lease for 12,500 square feet at 2 Alhambra Plaza. In an effort to accommodate its continued growth, the firm will relocate from its current location at 200 Biscayne Boulevard in Miami’s Central Business District in mid-2015. Pipeline Workspaces, a national high-design shared office space concept, has also signed a lease for 14,000 square feet at 95 Merrick Way, part of The Alhambra property. With the addition of these two tenants, occupancy at The Alhambra now stands at 85%, up from 52% only 18 months ago. more »

NEWPORT BEACH, CALIF. – November 24, 2014 – (RealEstateRama) — Planet Home Living, a full-service residential real estate building and development company, recently announced the opening of GASPAR. GASPAR consists of ten single-family homes in Echo Park, just outside of downtown Los Angeles and adjacent Silver Lake. Planet Home Living selected award-winning national architecture firm KTGY Group, Inc., Architecture + Planning, to achieve its sleek, modern design that falls under the Los Angeles Small Lot Ordinance. more »

WASHINGTON, D.C. – November 24, 2014 – (RealEstateRama) — A federal jury convicted three Miami real estate developers today for their roles in a $20 million mortgage fraud scheme involving the sale of condominium units in the Miami area.

Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, Special Agent in Charge Nadine Gurley of the Department of Housing and Urban Development’s Office of the Inspector General (HUD-OIG) in Miami and Inspector General Laura S. Wertheimer of the Federal Housing Finance Agency Office of Inspector General (FHFA-OIG) made the announcement. U.S. District Judge Patricia A. Seitz presided over the trial in the Southern District of Florida. more »

WASHINGTON – November 24, 2014 – (RealEstateRama) — Despite a slowing global economy, forward economic momentum in the U.S. should keep commercial real estate activity on firmer footing, according to the National Association of Realtors® quarterly commercial real estate forecast. more »

WASHINGTON, D.C. – November 24, 2014 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) released on November 21 the final version of its strategic plan for fiscal years 2015-2019. The plan outlines FHFA’s goals and priorities for overseeing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs). more »

WASHINGTON, D.C. – November 24, 2014 – (RealEstateRama) — A new single international measurement system for the commercial market has today been launched to bring transparency and consistency to the global commercial property sector.

International Property Measurement Standards: Office Buildings, creates a uniform method for measuring property and is set to replace dozens of different existing measurement methods currently used in countries around the world. more »

Tampa, FL – November 24, 2014 – (RealEstateRama) — CBRE is pleased to announce that it received two (TOBY®) The Outstanding Building of the Year® Awards at the 2014 Building Owners and Managers Association (BOMA) Greater Tampa Bay’s annual awards ceremony held in Tampa, FL on November 13th. One award was for a building CBRE manages; the second award was directed to an individual CBRE employee. The TOBY Awards are one of the most prestigious and comprehensive programs in the commercial real estate industry, recognizing outstanding performance and rewarding excellence in building management. more »

 
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