Yearly Archives: 2015

Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States,...

Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today that it has placed two loans to facilitate the acquisition of two multifamily properties located in the Southeast

Scott Robinson to Become President of Appraisal Institute on Jan. 1

Scott Robinson, MAI, SRA, AI-GRS, of Salisbury, North Carolina, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with nearly 20,000 professionals in almost 60 countries.

FEMA obligates $1.2 million for CUC Soudelor repairs

The Federal Emergency Management Agency announced this week a grant of $1,194,653.70 to the Northern Mariana Islands. The funds are intended to be passed through to the Commonwealth Utilities Corporation for costs of restoring power on Saipan following Typhoon Soudelor

Pending Home Sales Decline Modestly in November

Pending home sales in November slightly declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors®. Modest gains in the Midwest and South were offset by larger declines in the Northeast and West.

AARP Celebrates Generation X as it Turned 50 this Year

As 2015 comes to a close, AARP celebrates the first of America's 62 million Generation Xers who hit a milestone and turned 50 this year by exploring what is important to them as they age. Gen X - born between 1965 and 1979- is the middle child generation that is sandwiched between their larger counterparts, Baby Boomers and Millennials. As they grow older, it is important to acknowledge that they are having a different experience than their cohorts, and that they are more than just an unsung demographic who wore parachute pants and acid wash jeans.

The Boulder Group Arranges Sale of Net Leased Aurora Health Care Medical Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Aurora Health Care medical property located at 5818 West Capitol Drive in Milwaukee, WI for $3,634,603

Christmas Eve Windstorm Restoration Enters Home Stretch

Nearly all of the more than 183,000 Consumers Energy customers affected by a powerful Christmas Eve storm are expected to have their electricity restored today.

Industry Cautions Against Expansion of Fair Housing Liability

HUD proposed a new fair housing rule this past fall that provides guidance on “quid pro quo” and hostile environment harassment. This occurs when an individual in a protected class –relating to race, sex and disability – is subjected to unwelcome demands as a condition of their housing or when they are exposed to conduct that interferes with their ability to enjoy housing

Indian Affordable Housing Market Analysis – The Changing Paradigm

Few years back, the downturn and liquidity crunch had forced developers to adopt a strategy of coming up with smaller units at lesser prices. This oriented developers focus on the affordable housing segment, which has now become a big thing in the real estate market. In a country like India where population is second largest in the world and economy is in a growing phase, availability of affordable homes is a dire need.

DCHFA Invests in the Revitalization of Historic Anacostia

The District of Columbia Housing Finance Agency is closing out 2015 by funding another development in Southeast, Washington, D.C. The Agency finalized the issuance of $3.4 million in long term and $3.2 million in short term DCHFA tax exempt bonds for the construction of Bowen Flats.

Existing-Home Sales Suffer Setback in November, Fall to Slowest Pace Since April 2014

Existing-home sales dropped off considerably in November to the slowest pace in 19 months, but some of the decrease was likely because of an apparent rise in closing timeframes that may have pushed some transactions into December, according to the 

Puerto Rico’s Government to Make Major Upgrades to San Juan Water Infrastructure in Settlement...

Under two settlements with the Department of Justice and the U.S. Environmental Protection Agency (EPA), three Puerto Rico government agencies have agreed to upgrade portions of storm water systems they own within the Municipality of San Juan.  These upgrades, which will be performed by the Department of Natural and Environmental Resources, the Department of Transportation and Public Works from the Commonwealth of Puerto Rico and the Puerto Rico Highways and Transportation Authority, are aimed at eliminating or minimizing future discharges of sewage and other pollutants into water bodies in and around San Juan, including the Condado Lagoon, the Martin Peña Channel and the Atlantic Ocean.

Keep Your Family Safe This Holiday Season!

he first day of winter, WSSC reminds you to take time to have your furnace or boiler, water heater and chimney inspected and regularly maintained. Carbon monoxide (CO) is deadly and can escape into your home if gas appliances or your chimney is not working properly

Four things we love about Glisan Commons and Gilman Court

More than four years ago Housing Development Center partnered with three nonprofits to develop an innovative project, which meets critical human needs in East Portland and makes great use of an exceptional transit-oriented site. This year we completed work on this two-phase project, Glisan Commons and Gilman Court. Here’s a look back at what makes it stand out.

New-Home Sales Rise 4.3 Percent in November

Sales of newly built, single-family homes rose 4.3 percent to a seasonally adjusted annual rate of 490,000 units in November, according to newly released data from HUD and the U.S. Census Bureau

Refinance, Purchase Applications Both Up in Latest MBA Weekly Survey

Mortgage applications increased 7.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 18, 2015.

U.S. Demonstrates Production of Fuel for Missions to the Solar System and Beyond

The first U.S. production in nearly 30 years of a specialized fuel to power future deep space missions has been completed by researchers at the Department of Energy‘s Oak Ridge National Laboratory (ORNL) in Tennessee

The Boulder Group Arranges Sale of a GSA Net Leased Office Building

The Boulder Group, a net leased investment brokerage firm, has completed the sale of an office building that is leased to the Federal Bureau of Investigation located at 980 Sandhill Road in Reno, NV for $6,400,000.

HUD AWARDS $2.7 MILLION JOBS PLUS PILOT GRANT TO CITY OF SACRAMENTO HOUSING AUTHORITY...

HUD Secretary Julian Castro and Congresswoman Doris Matsui (D-CA) announced that the U.S. Department of Housing and Urban Development (HUD) will award the Housing Authority of the City of Sacramento $2,700,000 in grant funding for the Jobs Plus Pilot program as part of a $100 million investment in locally-based programs aimed to increase earnings and advance employment outcomes for residents of public housing through work readiness programs, employer linkages, job placement, and financial literacy.

HACP COMMISSIONERS AUTHORIZE $10 MILLION TO EXPAND AFFORDABLE HOUSING OPTIONS

The Housing Authority of the City of Pittsburgh (HACP) Board of Commissioners approved the commitment of $10 million to be used to expand the city’s affordable housing portfolio by an additional 200 units.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases