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Rip-Offs, Retainers and Rescue: Lawyers’ Committee and Loan Modification Scam Prevention Network Coalition Partners...

WASHINGTON, D.C. - May 12, 2014 - (RealEstateRama) -- The Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) and its coalition partners in the Loan Modification Scam Prevention Network (LMSPN) will host an important town hall discussion about the impact of attorney involvement in foreclosure rescue options for distressed homeowners on Tuesday, May 13, 2014 from 1:30 to 3 p.m. at the Lawyers’ Committee’s offices, 1401 New York Avenue, NW, Suite 400, Washington, D.C. This event is a follow up to the Lawyers’ Committee’s April 15, 2014 release of a comprehensive national report“Foreclosure Rescue, Inc.”, which examines the foreclosure rescue fraud epidemic, scam trends and efforts to combat these fraudulent activities

All-Cash Sales Up While Distressed Sales and Investors Decline

WASHINGTON, D.C. - May 12, 2014 - (RealEstateRama) -- Analysis of data collected for the Realtors® Confidence Index shows the market share of all-cash purchases is on the rise, despite declines in distressed sales and investor activity, according to the National Association of Realtors®.

Mercy Loan Fund supports President Obama’s “My Brother’s Keeper” initiative to assist youth in...

WASHINGTON, D.C. - May 9, 2014 - (RealEstateRama) -- Mercy Loan Fund, a subsidiary of national nonprofit Mercy Housing, announced their commitment to the “Youth Opportunity Pledge” created by Opportunity Finance Network, a national network of community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth and other disadvantaged communities across America. The “Youth Opportunity Pledge” was inspired by President Obama’s “My Brother’s Keeper” initiative that takes a collaborative approach to create opportunities for young minority men in disadvantaged communities

Faris Lee Investments Completes $11.5 Million Receivership Sale of a Major Portion of Spring...

LAS VEGAS, NV - May 9, 2014 - (RealEstateRama) -- Faris Lee Investments, a leading retail advisory and brokerage services firm, has completed the $11.5 million sale of a 60,105-square-foot portion of Spring Valley Town Center in Las Vegas. The retail property was 92 percent occupied at the close of escrow with tenants including The UPS Store, 7 Eleven, GNC, Fatburger, and others. Tenants within the center that weren’t a part of the sale include anchor tenants La Bonita Supermarkets, Lee’s Discount Liquor and Bank of America.

Goldman Sachs Closes Broad Street Real Estate Credit Partners II With Over $4 Billion...

NEW YORK, - May 7, 2014 - (RealEstateRama) -- Goldman Sachs announced today that it has closed its second real estate credit fund, Broad Street Real Estate Credit Partners II (RECP II), with over $4 billion in total capital available to invest, including expected leverage. Limited partners in RECP II include existing as well as new institutional and private investors from throughout the Americas, Europe and Asia. RECP II will be managed by the real estate group within Goldman Sachs’ Merchant Banking Division (MBD). With this new vehicle, Goldman Sachs will be able to offer these lending capabilities to borrowers in Europe for the first time, building on its track record in the United States.

Faris Lee Investments Completes $7.84 Million Sale of Multi-Tenant Retail in Fontana, California

IRVINE, Calif., - May 6, 2014 - (RealEstateRama) -- Faris Lee Investments, a leading retail advisory and brokerage services firm, has completed the $7.84 million sale of The Shops at Sierra Lakes, a two-building, 21,615-square-foot retail center in Fontana, Calif. The property was 94 percent occupied at the close of escrow with major tenants including Dollar Tree, 7-Eleven and others

HAP INVESTMENTS AND DESIGNER KARIM RASHID ANNOUNCE ‘HAP 5’ IN EAST HARLEM

NEW YORK - May 1, 2014 - (RealEstateRama) -- HAP Investments, a New York based international real estate investment and development company along with designer Karim Rashid announced today the ground breaking for 329 Pleasant Avenue, to be known as “HAP 5.

HAP INVESTMENTS AND DESIGNER KARIM RASHID ANNOUNCE ‘HAP 5’ IN EAST HARLEM

NEW YORK - April 28, 2014 - (RealEstateRama) -- HAP Investments, a New York based international real estate investment and development company along with designer Karim Rashid announced today the ground breaking for 329 Pleasant Avenue, to be known as

PIQUET REALTY SHOWS COMMITMENT TO GROWING THEIR NEW YORK MARKET SHARE

NEW YORK, NY - April 24, 2014 - (RealEstateRama) -- Piquet Realty, a leading luxury real estate firm with offices in Miami and Orlando, known for their deep ties to the high-end Brazilian investor community, has announced the signing of a new lease at The Coates Building, located at 555 Madison Avenue. The company will utilize the space to grow their New York presence. The firm’s expansion plan includes accommodating roughly 100 agents at this location.

Vacation Home Sales Surge in 2013, Investment Property Declines

WASHINGTON, D.C. - April 3, 2014 - (RealEstateRama) -- Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors®.

CONSTRUCTION SPENDING INCHES HIGHER IN FEBRUARY AS PRIVATE NONRESIDENTIAL CATEGORIES ACCELERATE; HOUSING REMAINS STRONG...

WASHINGTON, D.C. - April 2, 2014 - (RealEstateRama) -- Total construction spending in February edged up from January despite adverse weather in much of the nation, as private residential and nonresidential components posted solid growth compared with early 2013, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials noted that the construction spending figures would have been stronger if not for declines in public sector construction and infrastructure investments.

Former Alabama Real Estate Investor Indicted for Conspiracy to Commit Mail Fraud

WASHINGTON, D.C. - April 1, 2014 - (RealEstateRama) -- A federal grand jury in Mobile, Ala., returned a one-count indictment against a former real estate investor, charging him with conspiracy to commit mail fraud as part of a scheme related to public real estate foreclosure auctions held in southern Alabama, the Department of Justice announced today

Investors Turn to Recovering Markets, Regional Cities and Secondary Property as the Competition for...

National
LONDON - January 21, 2014 - (RealEstateRama) -- The competition for prime assets in Europe’s major real estate markets is leading investors to turn to recovering markets such as Ireland and Spain, regional cities and secondary property in search of returns, according to Emerging Trends in Real Estate® Europe 2014, a forecast published jointly by the Urban Land Institute (ULI) and PwC

NAR Announces Opening of Applications for Strategic Technology Accelerator, REach™

National
CHICAGO - January 8, 2013 - (RealEstateRama) -- REach, the strategic accelerator for technology startups created and managed by the National Association of Realtors®’ investment fund, Second Century Ventures, announced the opening of applications to join its 2014 class. The deadline to apply for the 2014 program is March 1. The program runs from April through the Realtors® Conference & Expo in November, where participating companies will be showcased at the industry’s largest gathering.

Westwood Financial Corp. Ends 2013 On High Note

National
LOS ANGELES - January 7, 2013 - (RealEstateRama) -- Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the U.S., is reporting its most successful year in its 42-year history with more than $325 million in acquisitions and dispositions in 32 separate trades in 2013. ”We are extremely pleased with 2013 and are expecting 2014 to be more of the same.” said Joe Dykstra, executive VP of WFC

CONSTRUCTION EMPLOYMENT INCREASED IN 211 OUT OF 339 METRO AREAS BETWEEN NOVEMBER 2012 &...

National
WASHINGTON, D.C. - January 2, 2013 - (RealEstateRama) -- Construction employment expanded in 211 metro areas, declined in 67 and was stagnant in 61 between November 2012 and November 2013, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said the employment gains were encouraging, but cautioned that future gains were dependent on continued economic growth and new investments in aging domestic infrastructure

#13 Government and Public Real Estate News

WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Dec. 13, 2013, 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 California

Hanley Investment Group Sells IHOP in Queens (Flushing), NY

IRVINE, CALIF. - December 16, 2013 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Jonathan T. Selznick and Eric P. Wohl represented the seller in the sale of an IHOP in Flushing, NY. The purchase price was $2,900,000, which represented a 5.25% capitalization rate.

Mel Watt confirmed as FHFA director

WASHINGTON, D.C. - December 11, 2013 - (RealEstateRama) -- Congressman Melvin Watt was confirmed as director of the Federal Housing Finance Agency (FHFA) by the United States Senate in a 57-41 vote yesterday. The FHFA is a powerful federal government agency responsible for regulating government-sponsored enterprises Fannie Mae and Freddie Mac, which invest in more than three-fourths of the nation’s new mortgages

Hanley Investment Group Raises Over $20,000 for Cancer, Growing One Moustache at a Time

IRVINE, CA - December 9, 2013 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that the group has raised awareness and funds for men’s cancers in November, one moustache at a time

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