Thursday, March 28, 2024

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Make Your Rental Unit Stand Out and Bring in More Money

Now that rental property and multi-family mortgages are easier to obtain more people are choosing to become landlords. However, owning a rental unit is a completely different experience than owning your own home. Many people make the mistake of approaching a rental property as if it were a personal residence.

Hanley Investment Group Negotiates Sale of Starbucks-anchored Retail Center in Kern County for $3.2...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Bill Asher negotiated the sale of Glenwood Square, a 6,808-square-foot multi-tenant strip shopping center anchored by Starbucks in Kern County, Calif., for $3.2 million, representing a cap rate of 5.6% and $470 per square foot.

Subcommittee Examines U.S. and U.K. Models for Affordable Housing

The Financial Services Subcommittee on Housing and Insurance held a hearing on Thursday entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Affordable Housing.” This hearing is part of a series undertaken by the subcommittee to assess affordable and rental housing programs 50 years after the creation of the U.S. Department of Housing and Urban Development

Hanley Investment Group Lists Stater Bros. Plaza in Chino, Calif. for Sale for $35...

President Ed Hanley and Executive Vice President Bill Asher of Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, reports that the firm is marketing for sale Stater Bros. Plaza in Chino, Calif., for $35 million, representing a rare offering of a grocery-anchored shopping center for sale in the Inland Empire.

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 5555 Edmondson Pike in Nashville, Tennessee for $6,926,345.

KTGY Names Urban Planner and Architect Michael K. Medick as Principal in Tysons

International award-winning firm KTGY Architecture + Planning has added esteemed urban planner and architect Michael K. Medick as principal in the company’s Tysons office. Medick has served as a leader guiding the design and implementation of a wide variety of complex high-profile projects throughout the United States. Medick most recently served as the market leader for land planning with a national architecture and planning firm.

Hanley Investment Group Negotiates Sale of 149,000 SF Grocery/Drug Anchored Shopping Center in Santa...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Senior Vice President Kevin Fryman represented the seller in the sale of Bouquet Center in Santa Clarita, a 95% occupied, 148,903-square-foot grocery-anchored shopping center located in the Los Angeles metro area.

KTGY-Designed Boutique Hotel Mixed-Use Development Moves Forward in Downtown Morgan Hill

International award-winning firm KTGY Architecture + Planning is pleased to announce that the Granada Hotel, a new four-story, contemporary-style boutique hotel with 60 guest rooms situated in the heart of downtown Morgan Hill, Calif., was unanimously approved by the city’s planning commission on Tuesday, April 26, 2016. The project now moves on to the city council for final approval

DCHFA Invests in Ward 5 with the Funding of Langdon Apartments

The District of Columbia Housing Finance Agency (DCHFA) closes the month by financing the construction of a second new development in April. On April 28th , the Agency completed the transaction to provide $5.34 million in total bond financing, structured as short term ($1.52 million) and long term ($3.82 million) DCHFA tax exempt bonds for the acquisition of the one-fifth acre properties at 2613-2615 Bladensburg Road NE, to construct Langdon Apartments. Proceeds from the syndication of $3.21 million in low income housing tax credits raised by Stratford Capital Group and underwritten by the Agency will finance a portion of the $11.16 million project.

NCRC Makes Recommendations to Improve Performance Context Analysis in Community Reinvestment Act Exams

The National Community Reinvestment Coalition (NCRC) released a white paper describing the importance of Community Reinvestment Act (CRA) exam performance context analysis, reviewing current implementation of the analysis, and prescribing improvements. The paper, “CRA Performance Context: Why it is Importance for Community Development and How to Improve it,” shows that current performance context analyses do an unsatisfactory job determining the housing and economic conditions of a community, and often do not adequately solicit the community’s residents about their financial services needs

The Boulder Group Publishes Net Lease Bank Ground Lease Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Bank Ground Lease Market.

Consumers Energy Investing Nearly $225 Million to Enhance Safety, Reliability of Natural Gas System

Maintaining a strong focus on safety and reliability, Consumers Energy will spend nearly $225 million this year to upgrade its natural gas system throughout Lower Michigan. “At Consumers Energy we know that safe, reliable delivery of natural gas is a top priority to our customers and our company.

Senate Appropriations Committee Passes FY 2017 HUD Funding Bill

The Senate Appropriations Committee on April 21 unanimously approved its Fiscal Year (FY) 2017 Transportation, Housing and Urban Development (THUD) funding bill. The THUD Appropriations Subcommittee reported the bill April 19. The full Committee adopted the bill with only minor amendments to the Subcommittee-passed bill, which did not change its HUD program funding levels

OPIC APPROVES $15 MILLION IN SUNFUNDER’S $50 MILLION “BEYOND THE GRID SOLAR FUND”

The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced approval of a $15 million loan to a new investment vehicle managed by SunFunder Inc. that will provide financing to companies operating in developing counties that manufacture, distribute and install solar lighting and energy systems. This project uses OPIC’s Innovative Financial Intermediaries Program (IFIP), which focuses on smaller investment funds that apply innovative approaches to address specific development challenges.

The Boulder Group Arranges Sale of Net Lease Family Dollar

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Family Dollar located at 3211 Old McDuffie Road in Augusta, GA for $1,490,000.

The Boulder Group Arranges Sale of Single Tenant Net Leased Shopko Hometown

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Shopko Hometown property located at 110 Watters Drive in Dwight, Illinois for $2,115,000. The 26,254 square foot Shopko Hometown property is strategically located along Interstate 55 approximately 75 miles southwest of downtown Chicago. There are approximately 6,000 people living within a five mile radius earning average annual household incomes in excess of $61,000. Following the Shopko and Pamida merger, the building was converted to a Shopko Hometown.

Timber by Trumark Homes Wins “Community of the Year” and “Best Architectural Design” at...

International award-winning firm KTGY Architecture + Planning is pleased to announce that Timber in Newark, Calif., built by visionary California homebuilder Trumark Homes and designed by KTGY, received top honors at the 2016 Building Industry Association (BIA) Bay Area Excellence in Home Building Awards earlier this month. Timber received the “Multi-Product Community of the Year” Award and “Best Architectural Design – Multi-Family” Award. The community also received an award for “Best Signage.”

Recommendations for a New American Model for Infrastructure Investment

The BPC’s Executive Council on Infrastructure, a group of corporate CEOs and executives, has been working over the past year to identify a new model for infrastructure investment. The United States needs a renewed approach that addresses the pervasive under-appreciation of future infrastructure liabilities, ensures local communities have tools at the ready to make needed investments, and increases the flow of private capital into projects, all while securing critical long-term public benefits.

Hanley Investment Group Negotiates Sale of Stevenson Ranch Plaza in Santa Clarita for $72.5...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Senior Vice President Kevin Fryman represented the buyer and seller in the sale of Stevenson Ranch Plaza in Santa Clarita, a 97% occupied, 187,035-square-foot Ralphs grocery-anchored shopping center located in the Los Angeles metro area. The sale price was $72.5 million

Hanley Investment Group Negotiates Sale of Trophy Solana Beach Retail Center

Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl completed the sale of the Gateway @ Cedros, a rare trophy coastal retail center in Solana Beach, Calif. The sale price was $6.725 million, representing $837 per square foot

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