Property, Rentals, Transactions

Holiday Inn Resort® Montego Bay Unveils Updated Property After $15M Renovation

InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today announces that the 518-room Holiday Inn Resort® Montego Bay hotel has completed a $15 million renovation funded by ownership. The resort now features fully updated guest rooms, an ocean-view lobby with an open design and four restaurants offering a variety of cuisines including seafood, Japanese, Caribbean and Italian.

Realtors® Head to Washington to Urge Action on Industry, Consumer Issues

Realtor® leaders from across the country will converge on the nation’s capital this week to advance key real estate issues with regulators and members of Congress during the Realtor® Legislative Meetings & Trade Expo, here through May 16.

Insurance Tips in Aftermath of Mother’s Day Weekend Storms that Swept the Country

With the aftermath of Tropical Storm Ana, and the violent tornadoes that swept through Texas and Oklahoma the Property Casualty Insurers Association of America (PCI) wants to offer insurance recovery information to help in the wake of these storms

American Society of Home Inspectors’ Certified Inspector Program Receives Re-Accreditation

The American Society of Home Inspectors (ASHI) received re-accreditation for its Certified Inspector program, which ensures the program maintains quality professional standards. The National Commission for Certifying Agencies (NCCA) has re-accredited the program through June 2019

Metro Home Prices Maintain Steady Growth in First Quarter of 2015

Stronger demand amidst lagging inventory levels caused home prices to accelerate in many metro areas during the first quarter of 2015, and the number of areas experiencing double-digit price appreciation doubled compared to last quarter, according to the latest quarterly report by the National Association of Realtors®.

RE/MAX Appoints New President

Geoff Lewis, RE/MAX (NYSE: RMAX) Executive Vice President and Chief Legal Officer has been named President upon the announcement that Vinnie Tracey plans to retire. Tracey assumes the title of President Emeritus until his retirement after the August Broker/Owner convention. Lewis led the RE/MAX Legal Department since joining the company in 2004 as Senior Vice President, General Counsel and was promoted to his recent position in 2013

Legalized Cannabis: The Impact on Real Estate It’s Lucrative But It’s Complicated

Real estate executives from around the world listened to experts in matters concerning legalized cannabis during The Counselors of Real Estate professional association’s recent midyear conference in Denver. Colorado is one of four states where both recreational and medical cannabis are legal, although several states are considering following suit. Counselors attended the session to learn how Denver real estate has been affected by the production, sale and consumption of the plant. An investor, an attorney and a broker explained the impact on real estate from a variety of professional perspectives.

Realtor® Volunteering Works Program Announces 2015 Grants and Mentoring Recipients

REALTOR® Magazine and the Good Neighbor Society have announced the recipients of the seventh annual Volunteering Works, a program that matches Realtors® who work on small-scale charitable efforts with grant money and mentors to help expand the reach of their charities

Norton Prepared for Tough Appropriations Battle to Defend D.C. Home Rule at Press Conference with Mayor Bowser and National Organizations

The office of Congresswoman Eleanor Holmes Norton (D-DC) released her statement in advance of a press conference today on efforts to protect District of Columbia home rule during the fiscal year 2016 appropriations process. In addition to Norton, the speakers are D.C. Mayor Muriel Bowser; Josh Horwitz, Executive Director, Coalition to Stop Gun Violence; Dana Singiser, Vice President for Public Policy and Government Affairs, Planned Parenthood Federation of America; Kate Ryan, Policy Representative, NARAL Pro-Choice America; David Stacy, Government Affairs Director, Human Rights Campaign; Malik Burnett, Policy Manager, Drug Policy Alliance; and Kimberly Perry, Executive Director, DC Vote

NAR Study: Majority of Metro Areas Experiencing Widening Inequality

Rising home prices in many metro areas have helped homeowners build housing wealth in recent years, but the continued decline in homeownership means the gains are going to fewer people and likely leading to worsening inequality in the U.S., according to new research

Houston Doctor and Group Home Owner Indicted for Alleged Roles in $5.2 Million Medicare Fraud Scheme

Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Kenneth Magidson of the Southern District of Texas, Special Agent in Charge Perrye K. Turner of the FBI’s Houston Field Office, Special Agent in Charge Lucy R. Cruz of the Internal Revenue Service-Criminal Investigation’s (IRS-CI) Houston Field Office, the Texas Attorney General’s Medicaid Fraud Control Unit (MFCU) and Special Agent in Charge Mike Fields of the U.S. Department of Health and Human Services Office of Inspector General’s (HHS-OIG) Dallas Field Office made the announcement.

FAA UAV Initiatives Good for Real Estate, Say Realtors®

“Realtors® believe that images gathered by unmanned aerial vehicles, or UAVs, can enhance the experience of buying and selling real estate. The FAA’s intention to study the safety of UAV flights that go beyond the line of sight of the operator could lead to important benefits in the real estate industry, particularly for agents who wish to market rural and large commercial properties.

Senate Patent Reform Bill a Good First Step, Say Realtors®

The following is a statement by National Association of Realtors® President Chris Polychron regarding the Protecting American Talent and Entrepreneurship (PATENT) Act of 2015 introduced in the U.S. Senate today by Judiciary Committee Chairman Charles Grassley, Ranking Member Patrick Leahy and Sens. John Cornyn, Orrin Hatch, Mike Lee, Chuck Schumer and Amy Klobuchar

Wildfire Community Preparedness Day Highlights Need to Prepare Now for Wildfire Season

With drought conditions continuing across much of the western United States, the threat of devastating wildfires remains high, and residents of wildfire-prone states need to ensure they are prepared. The Property Casualty Insurers Association of America (PCI) encourages residents living in fire-prone areas to participate in the National Fire Protection Association’s Wildfire Community Preparedness Day being held Saturday, May 2 and to begin physically and financially preparing for wildfire season.

HHS announces $101 million in Affordable Care Act funding to 164 new community health centers

Health and Human Services Secretary Sylvia M. Burwell announced today approximately $101 million in Affordable Care Act funding to 164 new health center sites in 33 states and two U.S. Territories for the delivery of comprehensive primary health care services in communities that need them most. These new health centers are projected to increase access to health care services for nearly 650,000 patients

ICSC’s Unveils Envision 2020 at RECon 2015 – Anticipating the Future of Retail Real Estate

As the retailing and shopping center sector undertakes one of the most profound and comprehensive transformations in its 60-year history, the International Council of Shopping Centers (ICSC) will be unveiling plans for Envision 2020, a proactive and ongoing initiative that provides developers and retailors a roadmap for the retail marketplace of the 2020’s

National Association Real Estate Brokers President Donnell Spivey Calls For Federal and State Assistance to Protect Homeowners in Baltimore

Today, May 1, 2015, Donnell Spivey, a native of Baltimore, Maryland and the National President of the National Association of Real Estate Brokers (NAREB), the oldest association of black real estate professionals with over 90 chapters in 34 States is calling on the federal government to assist property owners in the city. As an owner of Exit Spivey Professional Realty in the Baltimore area, President Spivey has his hands on the pulse of the local real estate market.

Denver Visionary Federico Peña to Real Estate Executives: Don’t Just “Imagine a Great City” – Make it Happen

When Federico Peña ran for mayor of Denver in 1983, he envisioned a city no one had imagined to date – and his campaign slogan, “Imagine a Great City,” resonated with voters, propelling him to become the city’s youngest mayor (at 36) and the first of Hispanic heritage. Now, three decades later, Peña addressed the midyear conference of The Counselors of Real Estate, held in Denver April 19 - 22, to reassess his vision -- and the reality

Pending Home Sales Increase in March for Third Consecutive Month

Pending home sales in March continued their recent momentum, rising for the third straight month and remaining at their highest level since June 2013, according to the National Association of Realtors®.

National Park Champions Honored on Capitol Hill

Today, the nonpartisan National Parks Conservation Association (NPCA) will present 81 members of Congress with the National Park Heritage Award. This award commemorates their support of the major public lands bills included in the Fiscal Year 2015 National Defense Authorization Act, which included the largest expansion of the National Park System in nearly three decades.