Yearly Archives: 2014

WASHINGTON, D.C. - October 24, 2014 - (RealEstateRama) -- The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) reclaimed the high-water mark of 57 in the third quarter of 2014. This is the sixth consecutive quarter for an RMI reading above 50.

WASHINGTON, D.C. - October 24, 2014 - (RealEstateRama) -- Sales of newly built, single-family homes inched up 0.2 percent in September to a seasonally adjusted annual rate of 467,000 units, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for August were revised down from 504,000 to 466,000

ASHINGTON - October 24, 2014 - (RealEstateRama) -- The National Housing Conference (NHC) welcomes the actions by federal regulators to finalize the risk retention rules, specifically the exemption for qualified residential mortgages (QRM). With mortgage credit still far too restricted, clarity on the QRM is essential to get housing markets moving in the right direction and allow families to get into their first homes. NHC applauds regulators for their hard work over the past several years and for their foresight in aligning the QRM with the qualified mortgage rule that is already in place

SPARKS, Nev./LOS ANGELES - October 24, 2014 - (RealEstateRama) -- BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased Los Altos Crossing, a retail center located at Sparks Boulevard and Los Altos Parkway in Sparks, Nevada, for $6 million.

WASHINGTON, D.C. - October 23, 2014 - (RealEstateRama) -- Due to overwhelming response, registration for the 2014 NCHV Veterans Access to Housing Summit is now closed.

MIAMI - October 23, 2014 - (RealEstateRama) -- The American Civil Liberties Union and the ACLU of Florida filed suit against Miami-Dade County and the Florida Department of Corrections, seeking a permanent injunction against a housing ordinance that is extraordinarily difficult for former sex offenders to follow without becoming homeless. The law prohibits former offenders from living 2,500 feet (almost half a mile) from any building the county labels a "school," a category the county has enforced arbitrarily since the ordinance went into effect in 2010. This restriction has left about fifty former offenders with nowhere to live other than an outdoor area along railroad tracks on the outskirts of Miami-Dade county. Each night, they sleep in chairs, in tents, and under tarps, without

Washington, DC - October 23, 2014 - (RealEstateRama) -- Today, in reaction to the adoption of a final credit risk retention rule by federal regulators, NCRC President and CEO John Taylor made the following statement:

WASHINGTON, D.C. - October 23, 2014 - (RealEstateRama) -- On the heels of its 10 year anniversary, The Green Building Initiative (GBI) announced two appointments to its Board of Directors that will continue to move the organization toward more engagement with national energy and environmental policy issues; Kateri Callahan, President of the Alliance to Save Energy, Washington D.C., and Richard Mitchell, President and Managing Principal at Mackenzie, an integrated design firm headquartered in Portland, Oregon.

Nationwide Survey Finds Most Firms Are Having a Hard Time Finding Craft Workers to Hire as Many Firms Boost Pay and Benefits, Officials Call...

IRVINE, CALIF. - October 22, 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 that the company negotiated the sale of more than 128,000 square feet of retail space in Los Angeles County, Calif., totaling nearly $29 million, with the sale of Sierra Commons in Palmdale and Pacific Plaza in Torrance.

IRVINE, CALIF. - October 22, 2014 - (RealEstateRama) -- Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that it was recently awarded the 2014 Academy for Emerging Professionals (AEP) Firm Mentorship Award by the American Institute of Architects California Council (AIACC). The award is the highest recognition given by the AIACC AEP to a firm that has made an extraordinary effort to mentor emerging professionals through the implementation of specific programs.

Washington, DC - October 21, 2014 - (RealEstateRama) -- Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s announcement that FHFA has revised and clarified the Representation and Warranty framework, and will be developing new guidelines for mortgages with loan-to-value ratios between 95 and 97 percent, NCRC President and CEO John Taylor made the following statement:

WASHINGTON - October 21, 2014 - (RealEstateRama) -- Secretary of Veterans Affairs Robert McDonald has directed all Department of Veterans Affairs (VA) healthcare and benefits facilities to continue to hold quarterly town hall events to improve communication with, and hear directly from, veterans nationwide. This follows the recent completion of town-halls at these facilities held between August and the end of September of this year.

WASHINGTON (October 21, 2014) –- October 21, 2014 - (RealEstateRama) -- After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the

WASHINGTON - October 21, 2014 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown:

WASHINGTON, D.C. - October 21, 2014 - (RealEstateRama) -- Florida and Nevada Have Largest 12-Month Gains, New Jersey and Arizona Have Biggest Annual Percent and Total Declines; Mississippi and Texas Top Monthly Rankings, Maine and Pennsylvania Shed Most Jobs in September

WASHINGTON, D.C. - October 21, 2014 - (RealEstateRama) -- Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., issued the following statement on today’s announcement by six federal regulators to establish new rules for a qualified residential mortgage that would exempt securitizers from retaining 5 percent of the credit risk on loans packaged and sold as securities:

Tampa, FL - October 21, 2014 - (RealEstateRama) -- CBRE Debt & Structured Finance originated a $39.5 million loan on behalf of IP Capital Partners of Boca Raton, FL and Fir Tree Partners of New York, to finance the acquisition of the Sabal Park Portfolio, a 518,338-square-foot complex of nine office buildings located in Tampa’s I-75 corridor. BankUnited of Tampa provided the five-year loan, which is fixed with partial interest only, at a 65 percent loan-to-value ratio.

LOS ANGELES, CA - October 21, 2014 - (RealEstateRama) -- NAI Capital’s Tim Steuernol and Rob Zaharia with the West L.A. office represented the seller, Wilcox Gateway Partners LLC, and the buyer, NHVA1-XVlll, in the sale and purchase of the Wilcox Gateway Properties which consists of 24 units on four parcels of land located at 1812 -1830 Wilcox Ave in Los Angeles, CA. The value of the sales transaction was $4.4 Million.

WASHINGTON, D.C. - October 21, 2014 - (RealEstateRama) -- Seasoned & New Real Estate Investors: You're cordially invited - and strongly urged - to Register for this year's Expo! We've called in a posse of seven extraordinary Real Estate Experts to converge in one place with their most jealously-guarded SECRETS in tow, to craft your individual 'master plan' for the monumental..