Property, Rentals, Transactions
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 menâ€™s cancers in November, one moustache at a time
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 FHAâ€™s mortgagee letter detailing the agencyâ€™s new loan limits.
WASHINGTON, D.C. – December 6, 2013 – (RealEstateRama) — Mayor Vincent C. Gray, Deputy Mayor for Planning and Economic Development Victor L. Hoskins, Deputy Mayor for Public Safety and Justice Paul Quander, DC Fire and Emergency Medical Services Chief Kenneth B. Ellerbe, Department of General Services Director Brian Hanlon and members of the E Street Development Group will break ground on a new development that will house a fire station and a Hyatt Place Hotel.
ATLANTA, Ga. – December 5, 2013 – (RealEstateRama) — Lee & Associates Valuation and Consulting Services, the appraisal service line of real estate firm Lee & Associates, continues to expand nationally with four new hires in their Chicago, Ill., Greenville, S.C., Los Angeles, Calif. and Atlanta, Ga. offices.
WASHINGTON, D.C. – December 5, 2013 – (RealEstateRama) — Markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. The indexâ€™s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide market is running at 86 percent of normal economic and housing activity.
SAN DIEGO, – December 5, 2013 – (RealEstateRama) — DataQuickÂ®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has expanded its Standard Recorder layout to create a custom bundle devoted specifically to key loan transaction intelligence, including, 12 million loan modifications, loan term on 4 million mortgages, interest rates on 600,000 mortgages and details on 525,000 reverse mortgages.
WASHINGTON, D.C. – December 5, 2013 – (RealEstateRama) — In an effort to increase transparency of Fannie Mae Multifamily DUS loans, an enhanced Multifamily DUS Prepayment History Report is now available. This report provides over ten years of historical voluntary and involuntary prepayment data for Fannie Mae fixed-rate multifamily loans. The loans represented in this report generally have similar terms and yield maintenance characteristics as DUS loans underlying multifamily MBS issued today.
DENVER, Colo. – December 3, 2013 – (RealEstateRama) — In a strategic move to add to its already robust industrial portfolio, BH Properties, LLC has purchased a one-story warehouse facility, located at 4525 Ironton St. in Denver, Colo., for $1.8 million. Carmon Hicks of Jones Lang LaSalle brokered the transaction for BH Properties, while Verma Sudhir, with an undisclosed company, represented the seller, Jama Boots.
Denver, CO – December 3, 2013 – (RealEstateRama) — For the third consecutive year, RE/MAX University (RU) has been recognized as one of the best among corporate-sponsored training programs, capturing a place on Training magazineâ€™s Top 125 list. The 14th annual survey ranked excellence in employer-sponsored training and development programs tied to corporate strategic goals and measurable results
LOS ANGELES, CA – December 3, 2013 – (RealEstateRama) — In recognition of 22 years of service and leadership, Edward J. Indvik was the first recipient of the William J. Lee Lifetime Achievement Award at the Lee & Associates Brokerâ€™s summit which was held recently in Las Vegas. The award, which made its debut at the broker summit and will become an annual event, was named after William J. Lee who founded Lee & Associates in 1979. This, along with the Leaders of Lee awards, was created to give recognition to those who have made exceptional contributions to the firm and the industry, as a whole.
SAN DIEGO, – December 3, 2013 – (RealEstateRama) — DataQuickÂ®, a provider of advanced real estate information solutions powered by data, analytics and decisioning announced in its monthly Property Intelligence Report (PIR) that home price growth increased in all 42 reported markets for the second month in a row. However, rapid price appreciation comes at a price, as total home sales decreased in most markets in October
RARE SPIKE IN PUBLIC OUTLAYS SENDS CONSTRUCTION SPENDING TO FOUR-YEAR PEAK IN OCTOBER DESPITE DECLINES IN PRIVATE RESIDENTIAL, NONRESIDENTIAL MARKETS
WASHINGTON, D.C. – December 2, 2013 – (RealEstateRama) — An unusual surge in public construction in October pushed total construction spending to its highest level since May 2009 despite a dip in both private residential and nonresidential activity, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials urged lawmakers in Washington to make water and surface transportation investment a top federal priority
Princess Anne, MD – November 27, 2013 – (RealEstateRama) — Renovations have begun on the Washington Hotel, the 18th century inn that officials hope will become the centerpiece of the Eastern Shore townâ€™s renaissance as a historical and cultural tourist destination
WASHINGTON, D.C. – November 27, 2013 – (RealEstateRama) — The King County Housing Authority and KeyBank Public Sector through its affiliate Key Government Finance, Inc., have closed on a pool financing that positions a KCHA portfolio of 18 existing properties to take advantage of current low interest rates. The tax-exempt loan of up to $85 million will allow KCHA to refinance existing debt and finance the acquisition of three additional properties.
WASHINGTON, D.C. – November 26, 2013 – (RealEstateRama) — Upward momentum in U.S. house prices remained strong in the third quarter, as prices rose 2.0 percent from the previous quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the ninth consecutive quarterly price increase in the purchase-only, seasonally adjusted index and it marks the first time since 2009 that the national house price level is higher than it was five years ago.
Justice Department Charges Minn. Condominium Association, Management Company and Property Manager with Discrimination Against Families with Children
WASHINGTON, D.C. – November 26, 2013 – (RealEstateRama) –The Justice Department filed a lawsuit today against the homeownerâ€™s association, management company and property manager of a Minnetonka, Minn., condominium complex, alleging that they discriminated against families with children in violation of the Fair Housing Act
LONG BEACH, CA – November 25, 2013 – (RealEstateRama) — Gregory Gill, SIOR, CCIM, Garrett Massaro and Brandon Carrillo of Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, have negotiated a 5-year lease at the California State University Long Beach (CSULB) Technology Park at 2200 – 2250 Technology Place, Long Beach. The tenant, Primex Agriculture Services, will occupy the 104,737 square-foot space that DAMCO Distribution recently vacated earlier in the year
IBTS to provide Green Certification Verification Services in rehabilitation efforts of the St. Francis Apartment complex located in Meridian, Mississippi
Ashburn, VA – November 25, 2013 – (RealEstateRama) – IBTS has been selected by Standard Enterprises Inc. (SEI) as their exclusive provider of Green Certification Verification Services for the rehabilitation of the St. Francis Apartment complex located in Meridian, Mississippi. The complex contains 90 apartment units throughout 14 buildings. IBTS will provide Green Design Consulting Services as well as necessary energy audits & testing as identified in the National Green Building Standardâ„˘ for Energy Consumption Reduction and Water Consumption Reduction
WASHINGTON – November 25, 2013 – (RealEstateRama) — Although conditions were mixed across the country, pending home sales continued to move lower in October, marking the fifth consecutive monthly decline, according to the National Association of Realtors
Torrance, CA – November 22, 2013 – (RealEstateRama) — Driver SPG â€“ C.W. Driverâ€™s Anaheim, Calif.-based construction affiliate that focuses on renovation, modernization and smaller new construction projects â€“ has been awarded the expansion project for the addition of the â€śDiscovery Pavilionâ€ť to the Discovery Science Center (DSC) in Santa Ana, Calif