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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 BUT PUBLIC SPENDING SLIPS

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 Prime European Real Estate Assets Increases

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™

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.

CONSTRUCTION EMPLOYMENT INCREASED IN 211 OUT OF 339 METRO AREAS BETWEEN NOVEMBER 2012 & 2013 BUT ONLY 19 METRO AREAS PASSED PRIOR EMPLOYMENT PEAKS

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

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

#8 Government and Public Real Estate News

WASHINGTON, D.C. – December 9, 2013 – (RealEstateRama) — Today the Department of Housing and Urban Development (HUD) announced that it will implement new FHA single-family loan limits on January 1, 2014, as specified by the Housing and Economic Recovery Act of 2008 (HERA). Read FHA’s mortgagee letter detailing the agency’s new loan limits.

Strong Real Estate Fundamentals Seen for Asia in 2014, Says Emerging Trends in Real Estate® Asia Pacific 2014; Japan Regains Status As A Magnet For Investment And Development

SHANGHAI – December 9, 2013 – (RealEstateRama) — Real estate fundamentals are expected to remain strong in markets throughout Asia in 2014, with stiff competition for conventional assets in prime markets boosting the popularity of niche property sectors and secondary markets for investments

FACT SHEET: Modernizing and Investing in America’s Ports and Infrastructure

WASHINGTON, D.C. – November 8, 2013 – (RealEstateRama) — On November 8th, President Obama will speak from the Port of New Orleans, one of the nation’s largest ports, where he will reiterate his call to invest in rebuilding America’s infrastructure, including strategic ports along the Mississippi River such as the Port of New Orleans, which support U.S. commerce and trade.

#1 Latest Government and Public Real Estate News

Wherever you may stand on the climate change debate (cue the angry comments!), it’s undeniable that Mother Nature has grown a bit unpredictable in exacting her revenge for hairspray and Styrofoam. Superstorms in New Jersey. Mudslides in Colorado. Cyclones in India. But while we may not know where the next natural disaster is going to hit, one House Republican is doing his best to encourage people to be prepared

SEC Obtains Asset Freeze in California-Based Real Estate Investment Scheme

Washington D.C. – November 4, 2013 – (RealEstateRama) — The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against a group of Pasadena, Calif.-based companies at the center of an ongoing real estate investment scheme.

CFED Expands Programs to Improve Asset-Building Opportunities for Low- and Moderate-Income Households

WASHINGTON, D.C. – October 24, 2013 – (RealEstateRama) — The Corporation for Enterprise Development (CFED), a nonprofit dedicated to expanding economic opportunity for low-income families and communities in the U.S., announced today that it will deploy $500,000 to strengthen the capacity of state and local nonprofits to ensure greater access to products, programs and policies that expand financial asset-building opportunities for low-to moderate-income consumers. The expansion is made possible by the JPMorgan Chase Foundation, and is part of the firm’s broader efforts to provide $1.4 million in grants to leading nonprofits that promote the financial capability of consumers.

CONSTRUCTION EMPLOYMENT INCREASED IN 26 STATES BETWEEN JULY AND AUGUST AS SECTOR ADDED JOBS IN 35 STATES FOR THE YEAR, BUT INDUSTRY REMAINS VULNERABLE

ASHINGTON, D.C. – September 25, 2013 – (RealEstateRama) — Construction employment increased in 26 between July and August and in 35 states for the year, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials cautioned, however, that construction employment remains below peak levels in most states and warned of the potential impact of a halt in federal construction investments

CAP Calls on Policymakers to Monitor the Role of Investors in the Housing Recovery

Washington, D.C. – September 5, 2013 – (RealEstateRama) — As private investors across the nation take advantage of the foreclosure crisis by purchasing tens of thousands of homes at bargain prices, often beating out potential homeowners who remain sidelined, a new report released today by the Center for American Progress calls on policymakers to closely monitor investor activities in order to limit any negative impacts of this growing trend.

Roseland Place Senior Apartments Wins 2013 MetLife Foundation Award for Excellence in Affordable Housing

WASHINGTON, D.C. – September 4, 2013 – (RealEstateRama) — MetLife Foundation and Enterprise Community Partners, Inc. (Enterprise) today named Mercy Housing Lakefront and Neighborhood Housing Services of Chicago as recipients of the 2013 MetLife Foundation Award for Excellence in Affordable Housing, lauding the nonprofits’ Roseland Place Senior Apartments.

Ethermore 905 LP Acquires a 31,000 SF Building in West Chester Negotiated by Lieberman Earley

WASHINGTON, D.C. – August 27, 2013 – (RealEstateRama) — Philip Earley, CCIM, a principal with Lieberman Earley & Company in Wayne, PA. represented the Buyer, Ethermore 905 LP, while Chuck Swope, CCIM, and Jim Lees, Partners with Swope Lees Commercial Real Estate, LLC in West Chester, assisted the Seller, 905 Fern Hill Road, Inc., in this transaction.

USAA Real Estate Company Has Named Jim Hime As The New Chief Financial Officer

WASHINGTON, D.C. – August 23, 2013 – (RealEstateRama) — USAA Real Estate Co. has named Jim Hime as the company’s new chief financial officer, effective September 1, 2013. In this capacity, Mr. Hime will be responsible for various financial elements of the company’s business, including financial structuring, the management of debt strategies, liquidity management, and helping to ensure that the Company’s investments are performing at optimal levels

Energy Department Invests in Heating, Cooling, and Lighting

WASHINGTON, D.C. – August 21, 2013 – (RealEstateRama) — The Energy Department on August 14 announced 12 projects to develop innovative heating, cooling, and insulation technologies as well as open-source energy efficiency software to help homes and commercial buildings save energy and money. These projects will receive approximately $9 million from the Energy Department along with about $1 million in matching private sector funding.