Yearly Archives: 2014

WASHINGTON, D.C. - November 17, 2014 - (RealEstateRama) -- The Justice Department announced it has filed a lawsuit against Encore Management Co. Inc., Perkins Parke Limited Partnership and three former employees of Perkins Parke Apartments in Cross Lanes, West Virginia, alleging that female tenants have been subjected to sexual harassment and retaliation in violation of the Fair Housing Act

WASHINGTON, D.C. - November 17, 2014 - (RealEstateRama) -- Firming home prices in markets across the country contributed to a slight dip in nationwide housing affordability in the third quarter of 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today.

BOSTON - November 17, 2014 - (RealEstateRama) -- CBRE/New England’s Capital Markets team announces the sale of Windsor at Brentwood, a 240-unit, garden-style apartment community located in North Providence, Rhode Island, for $25.8 million. CBRE/NE’s multifamily experts Simon Butler, Executive Vice President/Partner, and Biria St. John, Executive Vice President/ Partner, exclusively represented the seller, Bower Hill Associates, an affiliate of GID Investment Advisers LLC, and procured the buyer, Brentwood Apartments Limited Partnership, an affiliate of SMC Management LLC

NORTH BRUNSWICK/NEW BRUNSWICK, N.J., - November 17, 2014 - (RealEstateRama) -- The sale of a two-building industrial offering in North Brunswick and New Brunswick reflects strong investor demand in New Jersey’s distribution corridor. Cushman & Wakefield’s Metropolitan Area Capital Markets Group orchestrated the trade of 1000 Corporate and 571 Jersey Avenue to Principal Real Estate Investors

The CT REIA is the largest real estate investors & apartment owners association in the Northeast. Our mission is to provide educational, networking, and business-to-business opportunities for entrepreneurs in the real estate investment community. CT REIA has been featured on CNN Financial News, The New York Times, Hartford Courant, Meriden Record Journal , Channel 30-WVIT and Channel 8 News-WTNH. We're firmly committed to promoting a sound understanding of ethical real estate investing principles and to help further develop our members’ investing abilities.

IRVINE, CALIF. - November 17, 2014 - (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 Jonathan Selznick, senior vice president at Hanley Investment Group, negotiated the sale of a NNN ground lease occupied by a single-tenant 7-Eleven at Oceanside Plaza in San Diego County. The purchase price was $2,100,000, which represented a 4.29% capitalization rate.

ORANGE COUNTY, CA - November 14, 2014 - (RealEstateRama) -- R.C. Hobbs Company has selected Roger Niez to represent their Orange County Land Acquisition Program. This is a significant move for Niez because they will be purchasing new parcels of land throughout the county for development.

FORT LAUDERDALE, Fla. - November 14, 2014 - (RealEstateRama) -- Stiles Property Management, a division of full-service real estate development company Stiles, is growing its Miami, Fla portfolio with Class A office space in Doral. The group has been selected by Massachusetts-based New Boston Fund to manage One Park Square, a 281,785-square-foot office building completed in 2010. The building is located at 3470 NW 82nd Avenue in the heart of Miami’s Doral/Airport West submarket, the region’s largest suburban office market

IRVINE, CALIF. - November 14, 2014 - (RealEstateRama) -- Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that Nick Lehnert, an executive director based in the firm's Irvine, Calif., office, has been honored with a lifetime achievement award, the 2014 A. Gary Anderson Memorial Associate of Excellence Award, presented by The Building Industry Association of Southern California (BIASC). This prestigious award recognizes Lehnert's contributions to the home building industry and the BIASC.

LOS ANGELES - November 14, 2014 - (RealEstateRama) -- BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has announced the hire of Andrew Van Tuyle as chief acquisition officer. In this role, Van Tuyle will be responsible for the firm’s property and debt acquisitions throughout the Southwest

IRVINE, CALIF. - November 14, 2014 - (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 Edward B. Hanley, Kevin T. Fryman and Eric P. Wohl represented the seller in the sale of a single-tenant Walgreens in Long Beach, Calif. The purchase price was $6.45 million, representing a cap rate of 5.41%.

Miami Beach, FL - November 11, 2014 - (RealEstateRama) -- CBRE, in collaboration with Nancy Cibrano of N Cibrano Realty, arranged a 40,000-square-foot lease for WeWork, the platform for creators, at 350 Lincoln Road in Miami Beach, FL. WeWork, which provides entrepreneurs, freelancers and small businesses with the space, community and services they need to grow their businesses, will occupy the majority of the space at the 50,000-square-foot, Art Deco-style office property in the heart of South Beach during the first quarter of 2015. CBRE and N. Cibrano Realty represented property owner The Wings Group in the transaction

CROWNSVILLE, MD - November 11, 2014 - (RealEstateRama) -- In recognition of Veterans Day, Acting Secretary Clarence J. Snuggs is announcing the Families First initiative, an innovative pilot program that will help homeless veterans in Prince George’s County - particularly those with children - find stable housing for their families.

Washington, D.C. - November 11, 2014 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced the addition of eight new documents to the AIA Contract Documents® portfolio. Six of these new documents belong to the Conventional (A201) family; the remaining two documents belong to the Construction Manager as Constructor (CMc) family and the Program Manager family, respectively.

FORT LAUDERDALE, Fla. - November 11, 2014 - (RealEstateRama) -- Stiles/Miller LLC, a joint venture partnership between Stiles and Miller Construction Company, received the prestigious “Project of the Year” award from The Associated Builders and Contractors (ABC), Florida East Coast Chapter for the recently completed Broward Center for the Performing Arts renovation and expansion project

LOS ANGELES - November 11, 2014 - (RealEstateRama) -- HGA Architects and Engineers (HGA) has hired Celine Larkin, AIA, LEED AP, as associate vice president and senior planner in the Los Angeles office. She will direct planning across the firm’s growing healthcare, higher education and public/corporate practice groups

NEW ORLEANS - November 10, 2014 - (RealEstateRama) -- Realtors® from across the country gathered today to discuss the effects changing homebuyer demographics on...

Bulk distribution facility in Gratigny Industrial Park sold for $10.1 million Miami, FL - November 10, 2014 - (RealEstateRama) -- CBRE arranged the sale...

WASHINGTON, D.C. - November 10, 2014 - (RealEstateRama) -- Special populations and other vulnerable populations make up a significant portion of patients served by the Health Center Program. The Office of National Assistance and Special Populations (ONASP) is hosting a Special/Vulnerable Populations Enrichment Webinar Series for Health Center Program Grantees, Look-Alikes, and MSCG Consultants.

WASHINGTON, D.C. - November 7, 2014 - (RealEstateRama) -- Community Solutions announced yesterday that it has selected 67 communities to participate in Zero: 2016, a national campaign to end veteran and chronic homelessness in the next two years. The organization said it would work intensively with these communities to meet the federal goals set by President Obama to end veteran homelessness by Dec. 2015 and chronic homelessness by Dec. 2016. The initiative, made possible by the support of generous sponsors, including Deutsche Bank, Got Your 6, The Home Depot Foundation, and JP Morgan Chase, is a rigorous follow-on to the group’s successful 100,000 Homes Campaign, which announced in June that it had helped communities house 105,000 chronically homeless Americans in under four years