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Monthly Archives: August 2014

Update for CY 2014 New Markets Tax Credit Program Applicants

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

Lee & Associates Negotiates $2.95M Sale of Phoenix Distribution Facility

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.

ALDER LAND GROUP LISTS AGRICULTURAL & HUNTING LAND LEASE PROJECT OF OVER 3500 ACRES

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

Statement by CFO Jeff Atwater Regarding the Lawsuit to Eliminate the Florida Tax Credit...

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:

Senators Roberts & Moran, Rep. Huelskamp Tour Future Home of NBAF

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.

Mercy Loan Fund receives $1.5 million award from U.S. Treasury’s CDFI Fund

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

ULI to Host Building the Resilient City: Risks and Opportunities Conference September 4-5, 2014...

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

Modular Building Institute Announces Speakers for the September Modular Construction Summit

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

Owner and Seven Employees of Mortgage Company and Two Real Estate Developers Indicted for...

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.

Apartment and Condominium Housing Index Posts Positive Gains in the Second Quarter

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

CT REIA Announces September 2014 Fairfield County Real Estate Rehabbing Meeting In Brookfield, CT

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.

City Provides Update on Gallier Hall

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

Pending Home Sales Pick Up in July

WASHINGTON - August 28, 2014 - (RealEstateRama) -- Pending home sales rebounded in July and have now risen in four of the last five months, according

Realtor® Award Finalists Selected for Their Dedication to Community Service

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

United States District for the District of Minnesota Dismisses Multiple Challenges to MERS

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.

CONSTRUCTION EMPLOYMENT INCREASES IN 223 METRO AREAS BETWEEN JULY 2013 & 2014 AS 25...

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
Kennedy Wilson

Kennedy Wilson Represents Buyer in $16.4 Million Sale of Self-Storage Portfolio

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

Apartment and Condominium Housing Index Posts Positive Gains in the Second Quarter

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.

CBRE SELLS MANUFACTURING BUILDING IN FORT LAUDERDALE FOR $1.9 MILLION

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

Circle K Breaks Ground on New Flagship 4,500 SF Convenience Store with Fresh Foods,...

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.

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases

U.S. Senator Roger Marshall

Senator Marshalls Slams United Nations Climate Change Goals That Will Harm...

U.S. Senator Roger Marshall, M.D. released the following statement on the United Nations Net-Zero Banking Alliance’s (NZBA) decision to dramatically expand their Green New Deal