Property, Rentals, Transactions

For Rent Media Solutionsâ„¢ Announces Real Estate Industry Experts to Speak at NAA

June 18, 2013 Posted by

Norfolk, VA – June 18, 2013 – (RealEstateRama) — For Rent Media Solutionsâ„¢ (FRMS), a leading national apartment resource and a division of Dominion Enterprises, announces Nadeen Green and Erica Campbell Byrum, FRMS’ own industry experts, will present educational sessions at the National Apartment Association (NAA) Education Conference & Exhibition to be held June 19-22, 2013 in San Diego, Calif

Realtors® Call for Legislative Changes to New Rules Limiting Affordable Borrowing Options

June 18, 2013 Posted by

WASHINGTON, DC – June 18, 2013 – (RealEstateRama) — Congress should consider redefining the new ability-to-repay requirements for Qualified Mortgages to avoid limiting affordable borrowing options for creditworthy buyers, said the National Association of Realtors

SNAP Grant Helps Fordyce Homeowner Make Costly Repairs

June 18, 2013 Posted by

FORDYCE, ARKANSAS – June 18, 2013 – (RealEstateRama) — Joyce King lost her job in 2009 as the recession left an indelible mark on her town and the nation. After a local plant closed down, Ms. King was forced to look for new opportunities in the small town of less than 5,000 people where work options were limited. Back and knee injuries affected Ms. King’s ability to find new employment. Now she lives on disability, but her income isn’t enough to cover major home repairs such as the ones her house needed

SPERRY VAN NESS – MILLER COMMERCIAL REAL ESTATE EXPANDS STAFF

June 17, 2013 Posted by

SALISBURY, MD – June 17, 2013 – (RealEstateRama) — Amy Miller, CPM, Managing Director of Sperry Van Ness – Miller Commercial Real Estate is pleased to announce a promotion and a new hire within the company. Nicole Abresch has been promoted to Director of Marketing. She previously was the Administrative and Marketing Assistant from August 2010 to April 2013. Prior to joining the company in 2010 she graduated from Salisbury University with a Bachelor of Fine Arts degree. Her job responsibilities include marketing, advertising, event planning and public relations, in addition to serving as the in-house graphic designer.

Fannie Mae Prices $1.02 Billion Multifamily DUS REMIC (FNA 2013-M9) Under Its Fannie Mae GeMS Program

June 17, 2013 Posted by

WASHINGTON, D.C. – June 17, 2013 – (RealEstateRama) — Fannie Mae (FNMA/OTC) priced its sixth Multifamily DUS® REMIC in 2013 totaling $1.02 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program on June 12, 2013.

Improving Residential Market Leads to Larger Homes and an Increase in Property Enhancements

June 14, 2013 Posted by

Washington, D.C – June 14, 2013 – (RealEstateRama) — As the once struggling residential market continues to steadily improve, the size of homes has grown in response. This is the case for both high-end and custom homes as well as additions to existing homes. In addition, preferences for accessible spaces in homes—such as open-space layouts and single-floor design—also continue to rise

Auction.com Research Launches New Web Page

June 13, 2013 Posted by

WASHINGTON, D.C. – June 13, 2013 – (RealEstateRama) — The Auction.com Research Center, which is located at http://www.auction.com/real-estate-research/, provides a range of publicly-accessible macro reports and specific analyses of key residential and commercial markets. It also offers the ability to order additional reports across all markets for both residential and commercial real estate.

Continued Upward Trend for Bay Area Home Prices; Sales Dip Yr/Yr

June 13, 2013 Posted by

La Jolla, CA. – June 13, 2013 – (RealEstateRama) — Bay Area home prices continued to rise in May, the result of an improving economy, low mortgage rates, pent-up demand and continued investor interest. Sales remained below average, mainly because the supply of homes for sale remains unusually tight, a real estate information service reported.

Stiles Realty and BBX Capital Close Sale on Quantum Village Shopping Center in Boynton Beach

June 13, 2013 Posted by

Boynton Beach, FL. – June 13, 2013 – (RealEstateRama) — Stiles Realty and BBX Capital announced today the sale of BBX Capital’s Quantum Village, a 93,144-square foot Publix-anchored retail shopping center located at 1005 West Gateway Boulevard in Boynton Beach. Fort Lauderdale-based Stiles Realty, represented BBX Capital. The transaction represented the sale of the leasehold interest only, with a 33-year term.

Judiciary Committee Approves Bill to Protect Private Property Rights

June 13, 2013 Posted by

Washington, D.C. – June 13, 2013 – (RealEstateRama) — The House Judiciary Committee today approved legislation by voice vote that prohibits state and local governments that receive federal economic development funds from using eminent domain to transfer private property from one private owner to another for the purpose of economic development, the Private Property Rights Protection Act (H.R. 1944). This legislation is in response to the 2005 Supreme Court decision in the case of Kelo v. City of New London, which gives local governments broad authority to seize private property under the guise of economic development just to generate tax revenue. The Private Property Rights Protection Act passed the House of Representatives in the 109th and 112th Congresses

DISASTER ASSISTANCE EXPANDS TO INCLUDE MORE STORMS AND CANADIAN COUNTY

June 12, 2013 Posted by

OKLAHOMA CITY – June 12, 2013 – (RealEstateRama) — Homeowners, renters and business owners in Canadian County who sustained damage as a result of recent back-to-back storms may now apply for state and federal disaster assistance. The federal disaster declaration now covers damage incurred by severe storms, flooding and tornadoes May 18 through June 2.

Lee & Associates-San Diego County Negotiates $12.2M Sale of LA Fitness

June 12, 2013 Posted by

WASHINGTON, D.C. – June 12, 2013 – (RealEstateRama) — Ryan Barr and Ryan Bennett of Lee & Associates-North San Diego County have completed the investment sale of a 45,000-square-foot LA Fitness facility in Irving, Texas. The LA Fitness had approximately eight years remaining on the NNN lease. The buyer, a public REIT, purchased the property for $12.2 million which equated to a 7.5 percent capitalization rate.

BH Properties Acquires Tres Puentes Distribution Center for $8.6 Million

June 12, 2013 Posted by

Torrance, CA – June 12, 2013 – (RealEstateRama) — BH Properties, LLC, a Los Angeles-based commercial real estate investment firm, has purchased the 313,120-square-foot Tres Puentes Distribution Center at 1501 International Blvd. for $8.6 million

Westwood Financial Corp. Leases Retail Space in Texas

June 12, 2013 Posted by

Torrance, CA – June 12, 2013 – (RealEstateRama) — Westwood Financial Corp., a national owner-operator of shopping centers, has leased 6,000 square feet of retail space of a former Blockbuster video store to First Choice ER, the nation’s leading freestanding emergency room system, at Beach Western Commons in Fort Worth

FHLBank Pittsburgh Board Member Patrick A. Bond Becomes NACD Fellow

June 11, 2013 Posted by

PITTSBURGH – June 11, 2013 – (RealEstateRama) — The Federal Home Loan Bank of Pittsburgh (FHLBank) is pleased to announce that Board member Patrick A. Bond of Charleston, W.Va., is the first West Virginian to become a National Association of Corporate Directors (NACD) Fellow, the highest level of credentialing for corporate directors and corporate governance professionals.

JOHN MCCLELLAN, CCIM FACILITATES SALE OF FORMER AMERICAN ORIGINAL PLANT

June 11, 2013 Posted by

BRIDGEVILLE, DE – June 11, 2013 – (RealEstateRama) — After being vacant for more than 5 years a Sussex County Industrial Facility has received new life. John McClellan, CCIM, Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD is pleased to announce the sale of the former American Original Plant to Stephens Rentals, LLC. The plant is located in Route 18 in Cannon, DE, about 1 mile West of Route 13 and just South of Bridgeville, DE. The property was most recently home to Godiva Chocolates and includes 70,000 SF on 10 acres

Construction is Complete on Nadel Architects-Designed Press-Telegram Building

June 10, 2013 Posted by

Torrance, CA – June 10, 2013 – (RealEstateRama) — Construction is complete on the Nadel Architects-designed adaptive reuse project for the Long Beach Press-Telegram Building. The $12.5-million building renovation is the first project designed according to the new Long Beach Downtown Specific Plan Guidelines, which encourage pedestrian-friendly outdoor areas, visually appealing exteriors, sustainability and efforts to preserve Long Beach history

Stiles Realty Leases 15,315 SF of Class ‘A’ Office Space on Las Olas Blvd. to Two National Firms

June 10, 2013 Posted by

FORT LAUDERDALE, FL – June 10, 2013 – (RealEstateRama) — Stiles Realty Director Norm Adams today announced that two national firms have signed new leases for premium office space fronting Las Olas Boulevard in downtown Fort Lauderdale. The companies have leased a total of 17,200 square feet of both headquarters and ground floor office space at two Class ‘A’ mixed-use buildings within this well-known business corridor

Americans’ Optimism About Buying and Selling a Home Hits Record Levels

June 10, 2013 Posted by

WASHINGTON, DC – June 10, 2013 – (RealEstateRama) — Americans’ confidence in their ability to buy and sell a home climbed sharply in May, likely due to reports of strong home price gains, according to results from Fannie Mae’s May 2013 National Housing Survey. The share of respondents who say now is a good time to sell a home reached a record high of 40 percent, compared to 30 percent in April and 16 percent one year ago. At the same time, the share of those who say it is a good time to buy a home moved up 5 percentage points from April to a survey high of 76 percent. Americans’ average 12-month home price change expectation also reached a survey high in May, climbing to 3.9 percent from 2.7 percent in April.

Hanley Investment Group Sells Multi-Tenant Shopping Center in Atlanta MSA for $7,785,000

June 10, 2013 Posted by

IRVINE, CA – June 10, 2013 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the United States and a market leader in the sale of retail properties, announced today that Kevin T. Fryman, William B. Asher and Edward B. Hanley represented the buyer and seller in the sale of Barrett Creek Plaza in Marietta, Georgia. The purchase price was $7,785,000, which represented a 7.78% capitalization rate.

Next Page