Property, Rentals, Transactions

RISE UP COFFEE ROASTERS PURCHASES VIVA ESPRESSO

Bradley Gillis, CCIM, Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate facilitated the deal for Rise Up Coffee Roasters to purchase the Viva Espresso located at 105A East College Avenue in Salisbury, MD. Viva Espresso owners Chuck and Nancy Dix are retiring but stated, “We thank all of our loyal customers, especially our daily patrons, for their support of us and our products

DCBIA EVALUATES NEW INTERNATIONAL PROPERTY MEASUREMENT STANDARD

An idea that has the opportunity to bring greater efficiency and transparency to international real estate transactions is coming full circle, back to its roots in Washington, DC. The concept for the International Property Measurement Standards (IPMS) was envisioned in a set of meetings held in Washington, DC in 2013. For two years, a coalition of 61 professional and not-for-profit organizations has been working to create standard methodologies for measuring real estate

Rubio, Jordan introduce legislation to bring Second Amendment protections to D.C.

U.S. Senator Marco Rubio (R-FL) and U.S. Rep. Jim Jordan (R-OH-04) today introduced the “Second Amendment Enforcement Act of 2015,” legislation to restore Second Amendment rights in the District of Columbia.

Realtors® Show Support for New FHA Appointee Ed Golding

The following is a statement by National Association of Realtors® President Chris Polychron in response to leadership changes at the Federal Housing Administration

zipLogix Partners with Realtors Property Resource® to Integrate Access

zipLogix, a technology company helping real estate professionals improve productivity and efficiency, has formed a partnership with Realtors Property Resource® (RPR®). REALTORS® will have faster, fully integrated access directly from RPR to zipForm, for the most authoritative forms collection available, and will also be able to produce RPR’s acclaimed reports directly from zipForm to work even more efficiently with their clients. zipLogix Chairman of the Board Mark Peterson made the announcement

The Boulder Group Arranges Sale of a First Midwest Bank Ground Lease Located in Chicago

Chicago IL - First Midwest BankThe Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant First Midwest Bank ground lease located at 3220 West 26th Street in Chicago, IL for $4,047,000. The First Midwest Bank property is positioned at the hard corner of the signalized intersection of West 26th Street and West Sawyer. The seller was a West Coast based real estate fund. Chicago IL - First Midwest Bank

NAA Vice Chairman Cindy Clare Among Most Influential Women in Multifamily

National Apartment Association Vice Chairman Cindy Clare, CPM, was named one of Multifamily Executive (MFE)’s 10 Most Influential Women in Multifamily. The award honors women who have shattered multifamily’s glass ceiling to become top thought-leaders in the industry—introducing innovative technologies, chasing competitive contracts, chartering new initiatives and redefining resident services.

HHS awards $386 million to support families through the home visiting program

Health and Human Services Secretary Sylvia M. Burwell today announced $386 million in grant awards to states, territories, and nonprofit organizations to support the Maternal, Infant, and Early Childhood Home Visiting Program (Home Visiting Program). These funds will allow states to continue to expand voluntary, evidence-based home visiting services to women during pregnancy and to parents with young children

Free Webinar: The Promise of E-Commerce

Register for a free webinar on "The Promise of E-commerce," a white paper recently published by the NAIOP Research Foundation. The paper examines how evolving delivery expectations are dictating the location and design of real estate facilities. Read a press release about the white paper.

Hines Sells Azure Multifamily Asset in St. Petersburg

Hines, the international real estate firm, announced today the sale of Azure, a 308-unit, Class A, garden-style multi-housing property to Passco Real Estate Enterprises, Inc. of California. A turnkey project for Hines, capital raise, development, lease-up and sale were completed by the firm a year and a half ahead of schedule. Financials on the deal were not disclosed. HFF marketed the property on behalf of Hines

ROEM and HASLO Break Ground on New KTGY-designed Affordable Community South Street Family Apartments

ROEM Corporation, in partnership with HASLO (Housing Authority of San Luis Obispo) celebrated the groundbreaking of South Street Family Apartments, 43 new, sustainable apartment homes for workforce families in the city of San Luis Obispo, Calif.

Hanley Investment Group Negotiates Sale of Multi-tenant Retail Center at Entrance to Brigham Young University in Provo, Utah

Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that the company has completed the sale of a trophy 13,620-square-foot multi-tenant retail property situated at the entrance to Brigham Young University in Provo, Utah. The sale price could not be disclosed

Existing-Home Sales Slightly Improve in February, Price Growth Gains Steam

Existing-home sales increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors

Flood Map Meeting to Take Place in Pennsauken Township on March 25, 2015

Camden County residents and property owners will be able ask questions and obtain information on their property’s flood hazard risk at an Open House scheduled to take place in Pennsauken Township on Wednesday, March 25 at the Camden County Boathouse , 7050 North Park Drive from 4 to 8 p.m

MICHAEL PROCINO JOINS SPERRY VAN NESS – MILLER COMMERCIAL REAL ESTATE

Brent Miller, CCIM, CPM, Managing Director and Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD is pleased to announce that Michael Procino has joined the SVN-Miller team as an Advisor.
Procino will be working out of the satellite Seaford, DE office with SVN-Miller Senior Advisor Tom Knopp

Peoples’ Self-Help Housing to Host Free Home Ownership Workshop March 26

Peoples’ Self-Help Housing is inviting the community to a free Home Ownership Education Workshop on Thursday, March 26, 2015 to learn about everything from what a credit score means to selecting a lender

One Plantation Apartments and Retail Center Awarded NAIOP Project of the Year

Stiles announced today that One Plantation Apartments as well as the Shops at One Planation were recently awarded Project of the Year during NAIOP South Florida’s Awards of Excellence. Both projects were developed by Stiles, a full-service real estate provider based in Fort Lauderdale

CBRE ARRANGES SALE OF PRIME ORLANDO OFFICE PROPERTY

CBRE arranged the sale of a 42,277-square-foot Class A office property located at 7208 W. Sand Lake Road, Orlando, FL. Cardinal Point Management, LLC acquired the three-story Sand Lake Southwest building from an affiliate of Highwoods Properties for an undisclosed amount. CBRE represented the seller

Cree adds Cree LED Bulb to Habitat for Humanity partnership

Cree Inc. (Nasdaq: CREE) has expanded its $1.5 million commitment to provide LED lighting for new Habitat for Humanity homes built in the United States. Building on the company’s 2010 pledge to provide Cree LED downlights, Cree is now offering Habitat for Humanity affiliates the New Cree LED Bulb, making whole-home LED lighting possible for Habitat homeowners

Housing Landscape 2015 shows severe housing cost burden has decreased, but remains struggle for working renters

The continuing economic recovery has improved housing affordability slightly for low- and moderate-income working households, but housing costs continue to increase for renters, according to a new report released today by the Center for Housing Policy at the National Housing Conference