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

Lake Hill Administrative Site Affordable Housing Act Supports Economies of Summit County, Mountain Communities

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — U.S. Senator Mark Udall and Congressman Jared Polis heralded the news today that the president signed into law their legislation to help Summit County support local businesses and jobs by expanding affordable workforce housing. The Lake Hill Administrative Site Affordable Housing Act, which the U.S. Senate passed in early July, conveys 40 acres of federal administrative land from the U.S. Forest Service to Summit County to build affordable workforce housing while supporting a new Dillon Ranger District administrative building nearby. more »

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — Sen. Rand Paul yesterday introduced S. 2644, the FAIR (Fifth Amendment Integrity Restoration) Act, which would protect the rights of citizens and restore the Fifth Amendment’s role in seizing property without due process of law. Under current law, law enforcement agencies may take property suspected of involvement in crime without ever charging, let alone convicting, the property owner. In addition, state agencies routinely use federal asset forfeiture laws; ignoring state regulations to confiscate and receive financial proceeds from forfeited property. more »

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — The Justice Department today announced an agreement with the owners and operators of Woodland Garden Apartments in Fremont, California, to settle allegations of discrimination against families with children. Under the consent order, which must still be approved by the U.S. District Court for the Northern District of California, the defendants are required to pay $77,500 to the victims of their discrimination and an additional $2,500 to the government as a civil penalty. The settlement resolves a complaint filed by the department on Oct. 25, 2013. more »

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — July 28, 2014 – Due to the weather-related slow start in the nonresidential building market during the first part of the year, and the prolonged weakness in the institutional sector, construction spending projections for the rest of the year have been lowered slightly. The commercial construction sector is still looking at solid spending increases throughout the remainder of 2014, paced by high levels of demand for hotels and office buildings. The American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting that spending will see a 4.9% increase in 2014 – down from the previous estimate of 5.8%, with next year’s projection holding at 8%. more »

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — Are you planning to apply for Affordable Housing Program (AHP) funds in the 2014 AHP round? If you are and have not yet attended one of the AHP Application training sessions, you should consider registering for one of the remaining training sessions. Both members and development sponsors should consider participating. more »

Lawyers’ Committee Applauds Anti-Foreclosure Rescue Scam Sweep to Protect and Educate Vulnerable Homeowners Nationwide

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — The Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) applauds and supports the anti-scam enforcement sweep against certain legal operations and others by the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC) and several state agencies announced this week by the CFPB. Since 2010, the Lawyers’ Committee has been working closely with its partners in the Loan Modification Scan Prevention Network (LMSPN), including governmental agencies, fair housing groups and other nonprofit organizations, in combatting such scams through education of market participants, outreach to consumers and through private enforcement actions against scammers. more »

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (110.8). Despite June’s decrease, the index is above 100 – considered an average level of contract activity – for the second consecutive month after failing to reach the mark since November 2013 (100.7). more »

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the July 25, 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 Wisconsin. more »

“An important step forward in using data to promote fair lending,” says Mike Calhoun

WASHINGTON, D.C. – July 28, 2014 – (RealEstateRama) — The Consumer Financial Protection Bureau released a proposed rule to improve the Home Mortgage Disclosure Act (HMDA). In response Center for Responsible Lending president Mike Calhoun comments: more »

WASHINGTON, D.C. – July 24, 2014 – (RealEstateRama) — The Center for American Progress’ Director of LGBT Research and Communications Project, Laura E. Durso, issued the following statement in support of the introduction of the Runaway and Homeless Youth and Trafficking Prevention Act. The legislation will include protections for lesbian, gay, bisexual, and transgender, or LGBT, people against discrimination in federally funded programs serving homeless and runaway youth. more »

WASHINGTON, D.C. – July 23, 2014 – (RealEstateRama) — The Federal Housing Administration celebrated its 80th anniversary today at the White House with two panel discussions highlighting the past, present, and future of the agency and its impact on homeownership. National Association of Realtors® President Steve Brown joined distinguished speakers on the second panel to emphasize the significance of FHA-backed loans to the real estate market and housing recovery. more »

WASHINGTON, D.C. – July 23, 2014 – (RealEstateRama) — Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors®. more »

WASHINGTON, D.C. – July 23, 2014 – (RealEstateRama) — The Federal Home Loan Bank of Boston is now accepting nominations to fill five vacancies on its 2015 Advisory Council. The vacant seats will be filled by individuals actively involved in providing or promoting housing and community lending in Connecticut, Massachusetts, New Hampshire, Rhode Island, and Vermont. more »

COUNTY OF SAN BERNARDINO, CALIF. – July 23, 2014 – (RealEstateRama) — Yokohama Tire Corporation (YTC) has chosen the County of San Bernardino for expansion into a larger Western Region Distribution Center. The company has leased a newly-constructed, 658,000-square-foot facility located at 16388 Fern Ave., Building 2 in the city of Chino, which it plans to occupy late this year. Yokohama will distribute its products, including passenger car/truck, commercial truck and OTR (Off-the-Road) tires from the facility. The company is relocating its warehouse operations from its current 380,000-square-foot facility in the city of Fullerton. more »

New York, NY – July 23, 2014 – (RealEstateRama) — PCCP, LLC announced today it has provided a $25.1 million senior loan to PDC Memphis Oaks 3 Holdings, LLC, a Class A distribution property totaling 1,025,000 square feet in Memphis, TN managed and sponsored by affiliates of Panattoni Development Company. The loan will recapitalize the existing financing, and will allow Panattoni to focus on leasing efforts on existing and future vacant space. more »

Florida Has Largest 12-Month Percent and Total Gains, New Jersey Has Biggest Annual Declines; South Dakota and Florida Top Monthly Rankings, Alaska and California Shed Most Jobs in June

WASHINGTON, D.C. – July 23, 2014 – (RealEstateRama) –Construction firms added jobs in 38 states and the District of Columbia over the past 12 months, but they reduced headcount in 27 states between May and June, according to an analysis today of Labor Department data by the Associated General Contractors of America. Association officials said the employment gains help, but that construction employment remains below peak levels in every location except North Dakota. more »

LOS ANGELES, Calif. – July 23, 2014 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $3.37 million sale of a fully occupied 27-unit multifamily property located at 4305 Gateway Ave. in the Silver Lake submarket of Los Angeles, Calif. more »

Irvine, CA – July 23, 2014 – (RealEstateRama) — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the sale of Corporate Center at Southbank, a class A office building totaling 72,000 square feet (sf) in Phoenix, AZ. more »

WASHINGTON – July 23, 2014 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) announced today agreements with the owners and managers of two Berlin, New Hampshire properties, settling allegations that they engaged in housing discrimination when they refused to rent to a woman who was a victim of domestic violence. more »

Hanley Investment Group’s Urban Retail Division Has Sold Over $120 Million in Landmark Property Transactions in LA in Last 12 Months

IRVINE, CALIF. – July 23, 2014 – (RealEstateRama) — Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Hanley Investment Group’s Senior Vice President Eric P. Wohl, along with HI Urban Retail Advisors’ President Carlos J. Lopez, represented the buyer and seller in the sale of The Shops at Library Court located at 630 W. 6th Street in Los Angeles, Calif. The purchase price was $6.95 million. more »

 
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