Yearly Archives: 2014

WASHINGTON, D.C. - August 26, 2014 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA), and U.S. Interagency Council on Homelessness (USICH) today released a new national estimate of veteran homelessness in the United States. Data collected during the annual Point-in-Time Count conducted in January 2014 shows there were 49,933 homeless veterans in America, a decline of 33 percent (or 24,837 people) since 2010. This includes a nearly 40 percent drop in the number of veterans sleeping on the street.

WASHINGTON, D.C. - August 26, 2014 - (RealEstateRama) -- Sales of new single-family houses in July 2014 were at a seasonally adjusted annual rate of 412,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.4 percent (±11.9%)* below the revised June rate of 422,000 and is 12.3 percent (±14.4%)* above the July 2013 estimate of 367,000.

WASHINGTON, D.C. - August 26, 2014 - (RealEstateRama) -- The strong rebound in economic growth during the second quarter and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors, according to the National Association of Realtors® quarterly commercial real estate forecast.

WASHINGTON, D.C. - August 26, 2014 - (RealEstateRama) -- Sales of newly built, single-family homes fell 2.4 percent to a seasonally adjusted annual rate of 412,000 units in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for June were revised up 16,000 to 422,000.

Jacksonville, FL - August 26, 2014 - (RealEstateRama) -- CBRE’s Debt & Structured Finance group has secured a $27.38 million loan for the acquisition of The Waterford at Mandarin Apartments, a 232-unit property at 11247 San Jose Boulevard in the Mandarin submarket of Jacksonville, FL. CBRE arranged the loan on behalf of Harbor Group International of Norfolk, VA. Freddie Mac provided the seven-year loan with interest-only payments for two years, at an aggressive floating interest rate and 75% loan-to-value ratio

SANA ANA, CA - August 26, 2014 - (RealEstateRama) -- Tom Nguyen, EVP with Orange County office and founding member of NAI Capital’s Asia Pacific Group, represented the Seller, Civic Center Professional Building Inc., in the sale of 105,199 SF office property located at 901 Civic Center Drive in Santa Ana, CA to the Buyer, BW America Development, LLC. The value of the sales transaction was $12,018,000 Million dollars

IRVINE, CALIF. - August 25, 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 Senior Vice President Eric P. Wohl represented the seller in the sale of Mission Village, a 52,950-square-foot shopping center in Fresno, Calif., anchored by a new 24-Hour CVS/pharmacy (NAP). The purchase price was $8,050,000, representing a sale price of $152 per square foot

WASHINGTON, D.C. - August 25, 2014 - (RealEstateRama) -- There are more renters today than in previous decades, but there are not enough units renting at affordable prices to meet the needs of the lowest income households. According to Housing Spotlight: The Affordable Rental Housing Gap Persists, released today by the National Low Income Housing Coalition (NLIHC), there is a deficit of 7.1 million rental units affordable and available to extremely low income households, those with income at or below 30% of area median income. Nationwide, there are only 31 affordable and available units for every 100 extremely low income renters. Extremely low income renters make up 25% of the total renter population, but just 7% of all rental units were affordable and available to this population. This report is based on 2012 data, the latest available

ALISBURY, MD - August 25, 2014 - (RealEstateRama) -- As of the end of June, four Sperry Van Ness – Miller Commercial Real Estate Advisors and their teams are ranked in the Top 100 for Sperry Van Ness International out of more than 900 Advisors nationwide. Bradley Gillis, CCIM (Team Devreco w/ Joey Gilkerson) is ranked #19, Ben Alder (Alder Land Group w/ Bob Rich and Nick Campanaro) is ranked #44, John McClellan, CCIM is ranked #73 and Brent Miller, CCIM, CPM is ranked #78.

TAMPA - August 25, 2014 - (RealEstateRama) -- The 22nd anniversary of Hurricane Andrew on August 24 provides a sobering reminder of the destructive power of hurricanes and the damage they can do to communities. Andrew caused approximately $23 billion in insured losses, left 250,000 people homeless, damaged and destroyed 82,000 businesses and more than 25 people were killed. The Insurance Institute for Business & Home Safety (IBHS) studied the building damage caused by several hurricanes, including Andrew, and designed a recently launched construction program, FORTIFIED Home™– Hurricane, which strengthens homes against the high winds and wind-driven rain of hurricanes.

Orlando, FL - August 25, 2014 - (RealEstateRama) -- Population growth, strong consumer spending and tourism have helped to propel demand for retail space in Florida, according to a report released today at the opening session of the 2014 International Council of Shopping Centers (ICSC) Florida Conference at the Gaylord Palms Resort and Convention Center in Kissimmee, FL. CBRE’s Abigail Rosenbaum, Senior Economist, and Quinn Eddins, Florida Director of Research and Analysis, presented highlights from the CBRE-authored report at the morning session for attendees. Download the full report here

CORAL GABLES - August 23, 2014 - (RealEstateRama) -- On the heels of signing UBS to the largest Coral Gables lease of the year, Taylor & Mathis has secured an additional $25 million in leases at the iconic 550 Biltmore. The Taylor & Mathis leasing team of Brian Gale and Ryan Holtzman negotiated the transactions on behalf of owner AEW.

WASHINGTON, D.C. - August 23, 2014 - (RealEstateRama) -- Turning your dream of owning your dream home is now easy. Get a step closer to your dreams and goals by availing home loans from any bank in as few as 7 days and meet your financial needs.

WASHINGTON, D.C. - August 22, 2014 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Aug. 22, 2014, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties in Hawaii, Kansas, Michigan, Montana, New Mexico, Ohio, South Carolina, Tennessee, West Virginia, and Wisconsin

Bowling Green, KY - August 22, 2014 - (RealEstateRama) -- One of the best real estate agents in Warren County Kentucky, Greg Raymer of Raymer Real Estate Services (www.sokyhomehub.com), is helping distressed homeowners in Bowling Green, Kentucky avoid foreclosure and is making the American dream of homeownership a reality for thousands of Kentucky residents.

WASHINGTON, D.C. - August 21, 2014 - (RealEstateRama) -- The International Code Council (ICC), ASHRAE, the American Institute of Architects (AIA), the Illuminating Engineering Society of North America (IES) and the U.S. Green Building Council (USGBC) announce the signing of a memorandum to collaborate on the development of Standard 189.1, the International Green Construction Code (IgCC) and the LEED green building program.

WASHINGTON, D.C. - August 21, 2014 - (RealEstateRama) -- Thomas Vonier, FAIA, 2014-15 AIA Vice President was elected Secretary General of the International Union of Architects (UIA) during the 2014 World Congress and General Assembly in Durban, South Africa. Vonier will head operations for the Paris-based organization that represents 1.3 million architects worldwide through 124 national member sections for a three year term.

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

WASHINGTON, D.C. - August 21, 2014 - (RealEstateRama) -- Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to

WASHINGTON, D.C. - August 21, 2014 - (RealEstateRama) -- Registration is now open for the 2014 NCHV Housing Summit, taking place Nov. 13-14 at the Hyatt Regency in New Orleans. The Housing Summit is hosted by NCHV in partnership with The Home Depot Foundation and Citi Community Development