Yearly Archives: 2014

McMINNVILLE, TN - August 12, 2014 - (RealEstateRama) -- Residents at the McMinnville Arms Apartments will be getting a welcome refresh of their homes soon, thanks to new owner Chesapeake Community Advisors (CCA). Built in 1969, McMinnville provides affordable housing to 100 families, with rents that are fixed at 30% of their incomes. In addition to a $185,000 investment in immediate rehab needs and playground equipment, Chesapeake Community Advisors plans to undertake a full rehab in the near future using Low Income Housing Tax Credits (Housing Credits). National community development loan fund Mercy Loan Fund (MLF) financed the acquisition.

WASHINGTON, D.C. - August 12, 2014 - (RealEstateRama) -- Secretary of Veterans Affairs Robert A. McDonald today announced the award of approximately $300 million in grants that will help approximately 115,000 homeless and at-risk Veterans and their families. The grants will be distributed to 301 community agencies in all 50 states, the District of Columbia, Puerto Rico and the Virgin Islands

WASHINGTON - August 12, 2014 - (RealEstateRama) -- Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according

WASHINGTON - August 12, 2014 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a Voluntary Compliance Agreement with the Housing Authority of the City of Milwaukee (HACM), resolving HUD findings the housing authority failed to comply with Section 3 of the Housing and Urban Development Act of 1968. HACM agreed to change its hiring and contracting practices to increase hiring of public housing and other low-income residents, as well as contracting with businesses that employ low-income persons

Miami, FL - August 12, 2014 - (RealEstateRama) -- CBRE’s Debt & Structured Finance Group has secured a $13.35 million bridge loan on behalf of Adler Kawa Real Estate Advisors to acquire four buildings in the Oak Hill Business Park, encompassing 248,487 square feet in the I-77 corridor of Charlotte, NC. Wells Fargo originated the loan, which is floating over Libor, at aggressive rates and terms

Miami, FL and Los Angeles, CA - August 12, 2014 - (RealEstateRama) -- The ever-evolving global supply chain is prompting distribution companies that process freight shipments between the U.S. and Asia to optimize their U.S. industrial real estate portfolios to increase efficiencies and cost savings. These companies are heavily scrutinizing transportation costs in East Coast and West Coast seaports—and inland cities with strong transportation links—locating facilities in markets best able to serve

WASHINGTON - August 11, 2014 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown:

WASHINGTON, D.C. - August 8, 2014 - (RealEstateRama) -- for conspiring to defraud the government in connection with the renovation of the John W. McCormack Post Office and Courthouse in Boston.

SAN DIEGO, Calif. - August 8, 2014 - (RealEstateRama) -- C.W. Driver, a premier builder serving California since 1919, has announced Ryan Stichler will join the San Diego office as director of project development.

AMHERST, N.H./TORRANCE, CALIF. - August 8, 2014 - (RealEstateRama) -- Partner Engineering and Science Inc. (Partner), a national environmental and engineering consulting and design firm headquartered in Torrance, California, has announced the appointment of Dr. Douglas Lawson, Ph.D, CIH, as technical director of Partner’s growing industrial hygiene team. Partner’s industrial hygiene division provides services to help identify and address potential health and safety risks in buildings during commercial due diligence or redevelopment. Based out of Partner’s New Hampshire practice, Lawson will lead Partner’s programs as they relate to health and safety compliance, hazardous materials management, industrial hygiene consulting, training and worker exposure evaluation.

WASHINGTON, D.C. - August 8, 2014 - (RealEstateRama) -- The Federal Trade Commission, through an administrator, is mailing checks totaling approximately $800,000 to 1,305 consumers who fell prey to two related mortgage relief scams.

Washington, D.C. - August 8, 2014 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced today that the Iowa Division of Banking, Finance Bureau (The Division) has received reaccreditation certifying that the Division maintains the highest standards and practices in state mortgage supervision as set forth by the AARMR/CSBS Mortgage Accreditation Program. This is the Bureau’s second mortgage accreditation, with the first accreditation occurring in January 2010. The Division is led by Superintendent Jim Schipper

ENCINO, CA - August 8, 2014 - (RealEstateRama) -- West L.A.’s Kevin Kawaoka, CCIM & Mario Gandara with NAI Capital’s Bluechip Investment Group represented the Seller, Likan LLC, and the Buyer, Fordcraw LLC, in the sale and purchase of a 14 unit multifamily property located at 3249-3253 Marine Ave in Gardena, CA. The value of the sales transaction was $2 million dollars

WASHINGTON, D.C. - August 8, 2014 - (RealEstateRama) -- Bill Lucks, Senior Advisor and Broker of Record for Sperry Van Ness - Miller Commercial Real Estate in Lewes, DE recently attended the first National Association of Realtors (NAR) Environmental Summit in Washington, D.C. Lucks is among a select hand-picked group of Realtors from across the nation to begin the process of determining how NAR should address climate change, and how it will affect both residential and commercial real estate. "Dramatic changes in our environment will have an impact on how and where people want to live, which will inevitably transform local real estate markets. This summit is an opportunity for Realtors® to assess and prioritize the wide variety of environmental risks that could affect the way people buy and sell property," said NAR President Steve Brown

Dania Beach, FL - August 7, 2014 - (RealEstateRama) -- CBRE arranged a lease at Lakeview Center, a Class A industrial park owned by an affiliate of Industrial Income Trust Inc. (IIT), in Dania Beach, FL. The relocation of the premium resort-wear brand Lagaci, Inc. brings the 210,350-square-foot property to 90% occupancy and further tightens the availability of Class A industrial space in Southeast Broward County. CBRE represented the landlord

WASHINGTON, D.C. - August 7, 2014 - (RealEstateRama) -- In celebration of the fifth anniversary of the Partnership for Sustainable Communities, the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Transportation (DOT), and U.S. Environmental Protection Agency (EPA) released “Five Years of Learning from Communities and Coordinating Federal Investments,” a report demonstrating how the three agencies are cooperating to help communities provide more housing choices, make transportation systems more efficient and reliable, and create vibrant neighborhoods that attract business development and jobs while protecting the environment.

WASHINGTON, D.C. - August 7, 2014 - (RealEstateRama) --Markets in 56 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. This represents a year-over-year net gain of seven markets

WASHINGTON, D.C. - August 7, 2014 - (RealEstateRama) -- Builder confidence in the single-family 55+ housing market for the second quarter is up year over year, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today. Compared to the second quarter of 2013, the single-family index increased three points to a level of 56, which is the highest second-quarter reading since the inception of the index in 2008 and the 11th consecutive quarter of year over year improvements

MOSES LAKE, Wash. - August 7, 2014 - (RealEstateRama) -- Homeowners in three “mobile-home parks” in this city of about 20,000 took control of the land beneath their homes when they formed three cooperatives and became not just homeowners, but landowners, too.