Yearly Archives: 2014

Baby boomers still play active role in housing market, C.A.R. survey finds

LOS ANGELES - December 23, 2014 - (RealEstateRama) -- As the wealthiest generation and the first to drive the housing market, baby boomers will continue to be a pillar of the housing market, according to a 2014 CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) survey of California baby boomers* (born between 1946 and 1964)

NREL Receives Editors’ Choice Awards for Supercomputer Research

WASHINGTON, D.C. - December 23, 2014 - (RealEstateRama) -- Two prestigious scientific magazines have awarded the Energy Department's National Renewable Energy Laboratory (NREL) with Editors' Choice awards for the Peregrine high-performance computer and the groundbreaking research it made possible

Illinois median home prices increase 6.9 percent in November; Sales decline 9.5 percent

SPRINGFIELD, Ill. - December 23, 2014 - (RealEstateRama) -- The Illinois housing market saw November median prices rise 6.9 percent over previous-year levels while statewide home sales decreased 9.5 percent for the same period, according to the Illinois Association of REALTORS

LA County Now Accepting Apple Pay for Building Permits

WASHINGTON, D.C. - December 23, 2014 - (RealEstateRama) -- From multi-million dollar construction to adding a room onto a single-family home, paying for LA County building permits has never been easier, now that LA County Building and Safety offices accept payment through Apple Pay

Patrick Administration Announces New Funding To Create Over 235 Units Of Supportive Housing

BOSTON - December 23, 2014 - (RealEstateRama) -- Friday, December 19, 2014 –Department of Housing and Community Development Undersecretary Aaron Gornstein today announced more than $15 million in funding to create over 235 new units of supportive housing for veterans, homeless and very low income households across the Commonwealth. With these new units, the Patrick Administration has funded a total of 3,065 supportive housing units, tripling the amount of Governor Deval Patrick’s goal a year early.

Eighth Circuit Court of Appeals Affirms Dismissal of Minnesota Counties’ Lawsuit

Reston, Virginia,- December 23, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the U.S. Court of Appeals for the Eighth Circuit affirmed the ruling by the District Court of Minnesota that there is no mandatory recording requirement under Minnesota law and the dismissal of the Complaint. The Eighth Circuit also declined to certify a question to the Minnesota Supreme Court as requested by the Counties because the Minnesota courts have interpreted the Act in numerous instances, and the issue before the Court only requires a straightforward application of this case law

Iowa Counties Lose Appeal in Recording Fee Case

Reston, Virginia, - December 23, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the U.S. Court of Appeals for the Eighth Circuit issued a favorable ruling in an Iowa recording fee case.

GSA Seeks Ideas for Ronald Reagan Building International Trade Center

WASHINGTON, D.C. - December 23, 2014 - (RealEstateRama) -- Today, the U.S. General Services Administration (GSA) issued a Request for Information (RFI) to tap the expertise of the private sector regarding alternative approaches for operating, managing and maintaining the Ronald Reagan Building International Trade Center (RRB/ITC). Currently, GSA provides management and operation of the ITC through a fixed-price contract with a Trade Center Manager (TCM).

New Jersey Realtors Names 2014 Realtor and Realtor-Associate of the Year

Atlantic City, N.J. - December 22, 2014 - (RealEstateRama) -- During a special ceremony recently at the Triple Play Realtor Convention & Trade Expo, New Jersey Realtors named its 2014 Realtor of the Year and Realtor-Associate of the Year. These two members were recognized for their contributions to the real estate industry, commitment to the Realtor organization, and involvement in their local communities. The award winners were selected from among the local board and association Realtor and Realtor-Associate of the Year in New Jersey

300-UNIT HOLLYWOOD, FL APARTMENT COMMUNITY TRADES FOR $31.5 MILLION

Fort Lauderdale, FL - December 22, 2014 - (RealEstateRama) -- CBRE arranged the sale of a 300-unit garden-style apartment community in Hollywood, Florida. Emerald Place, located on a 16.28-acre site at 3910 N. 56th Avenue, was acquired from Emerald Place, LLC, by Emerald Place Apartments, LLC. The CBRE South Florida Multifamily team lead by Calum Weaver and Robert Given represented the seller in the transaction

EPA Tips for Building a Cleaner Fire this Holiday Season

WASHINGTON - December 22, 2014 - (RealEstateRama) -- Across the country this holiday season, families and friends will gather around fires in woodstoves or fireplaces. But how you build that fire – and what you burn – can have a significant impact on air quality and health, both inside your home and out

Parents’ Legacy Honored by Wolcott Conservation Easement Donation to Vermont Land Trust

Wolcott - December 22, 2014 - (RealEstateRama) -- Brothers Steve and Oran Young, along with their wives, Jan Roy and Gail Osherenko, donated a conservation easement to the Vermont Land Trust on 84 acres of their family farm along Town Hill Road in Wolcott

OHFA Welcomes Jason Clark as New Board Member, Approves $16.5 Million for Affordable Housing...

COLUMBUS - December 22, 2014 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board recognized the appointment of Jason Clark of Miamisburg for a term ending January 31, 2017. Clark is the Ohio Political Director and Business Representative for the Indiana/Kentucky/Ohio Regional Council of Carpenters

Mayor endorses additional responses to homelessness crisis

SEATTLE - December 22, 2014 - (RealEstateRama) -- As the number of people without access to emergency shelters grows, and as tents continue to pop up on public right-of-way and vacant lots throughout Seattle, Mayor Ed Murray is proposing additional shelter capacity and a new look at permitted encampments within the city

Roxbury Innovation Center Operator Selected

BOSTON - December 22, 2014 - (RealEstateRama) -- Today Mayor Martin J. Walsh announced the City of Boston has selected The Venture Café Foundation to operate the Roxbury Innovation Center in the new Bruce C. Bolling Municipal Building in Dudley Square. The approximately 3,000-square-foot Center will be located in the new headquarters of the Boston Public Schools (BPS), and aims to encourage collaboration, bold thinking, and new business development.

Costa Announces Funding to Help Homeless Veterans in Fresno and Merced Counties

FRESNO, CA - December 22, 2014 - (RealEstateRama) -- Rep. Jim Costa (CA-16) announced that the Fresno Housing Authority has been awarded $121,319 and the County of Merced Housing Authority has been awarded $79,981 to provide case management and rental assistance to homeless veterans. The Housing and Urban Development-Veterans Affairs Supportive Housing (HUD-VASH) program is jointly operated by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA). Since 2008, the HUD-VASH program has served nearly 75,000 veterans nationwide

Existing-Home Sales Lose Momentum in November as Inventory Slightly Tightens

WASHINGTON - December 22, 2014 - (RealEstateRama) -- After hitting their highest level of the year, existing-home sales slid in November as housing supply showed some tightening, according to the National Association of Realtors®. All major regions experienced a decline in sales compared to a month earlier.

CBRE CLOSES $8.8 MILLION SALE OF WEST PALM BEACH MEDICAL AND PROFESSIONAL OFFICE PARK

West Palm Beach, FL - December 22, 2014 - (RealEstateRama) -- CBRE arranged the sale and financing of an office portfolio consisting of six single-story medical and professional buildings on 10.61 acres in West Palm Beach, Florida. Metrocentre Corporate Park at 2500-2581 and 2440-2478 Metrocentre Boulevard was acquired from General Electric Credit Equities, Inc. for $8.825 million by Grover & Corlew, LLC. CBRE marketed the property on behalf of the seller. For the buyer, CBRE arranged a non-recourse bridge loan in the amount of $7 million from a mortgage REIT in excess of 75% of cost at an attractive

New Report on Challenges and Solutions to Creating Affordable Housing for Lowest Income Americans

WASHINGTON, D.C. - December 22, 2014 - (RealEstateRama) -- A report from the National Low Income Housing Coalition (NLIHC) highlights research findings on the extent to which existing federal rental housing production programs serve the lowest income households. NLIHC found that properties funded through the Low Income Housing Tax Credit (LIHTC) program rarely serve extremely low income (ELI) households, those with incomes at or below 30% of area median income (AMI) without relying on Housing Choice Vouchers (vouchers).

Weekly Republican Address: Rep. Mike Kelly on American Energy & Our Nation of Builders

WASHINGTON, D.C. - December 22, 2014 - (RealEstateRama) -- Delivering the Weekly Republican Address, Rep. Mike Kelly (R-PA) highlights the importance of developing all forms of American energy for the sake of spurring job creation and robust economic growth

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

Recent Gov & Nonprofit Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.