Yearly Archives: 2014

WASHINGTON, D.C. - July 28, 2014 - (RealEstateRama) -- The Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) applauds and supports the anti-scam enforcement sweep against certain legal operations and others by the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC) and several state agencies announced this week by the CFPB. Since 2010, the Lawyers’ Committee has been working closely with its partners in the Loan Modification Scan Prevention Network (LMSPN), including governmental agencies, fair housing groups and other nonprofit organizations, in combatting such scams through education of market participants, outreach to consumers and through private enforcement actions against scammers

WASHINGTON, D.C. - July 28, 2014 - (RealEstateRama) -- After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of Realtors®.

WASHINGTON, D.C. - July 28, 2014 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the July 25, 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 Wisconsin

WASHINGTON, D.C. - July 28, 2014 - (RealEstateRama) -- The Consumer Financial Protection Bureau released a proposed rule to improve the Home Mortgage Disclosure Act (HMDA). In response Center for Responsible Lending president Mike Calhoun comments

WASHINGTON, D.C. - July 24, 2014 - (RealEstateRama) -- The Center for American Progress’ Director of LGBT Research and Communications Project, Laura E. Durso, issued the following statement in support of the introduction of the Runaway and Homeless Youth and Trafficking Prevention Act. The legislation will include protections for lesbian, gay, bisexual, and transgender, or LGBT, people against discrimination in federally funded programs serving homeless and runaway youth

WASHINGTON, D.C. - July 23, 2014 - (RealEstateRama) -- The Federal Housing Administration celebrated its 80th anniversary today at the White House with two panel discussions highlighting the past, present, and future of the agency and its impact on homeownership. National Association of Realtors® President Steve Brown joined distinguished speakers on the second panel to emphasize the significance of FHA-backed loans to the real estate market and housing recovery.

WASHINGTON, D.C. - July 23, 2014 - (RealEstateRama) -- Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors

WASHINGTON, D.C. - July 23, 2014 - (RealEstateRama) -- The Federal Home Loan Bank of Boston is now accepting nominations to fill five vacancies on its 2015 Advisory Council. The vacant seats will be filled by individuals actively involved in providing or promoting housing and community lending in Connecticut, Massachusetts, New Hampshire, Rhode Island, and Vermont.

COUNTY OF SAN BERNARDINO, CALIF. - July 23, 2014 - (RealEstateRama) -- Yokohama Tire Corporation (YTC) has chosen the County of San Bernardino for expansion into a larger Western Region Distribution Center. The company has leased a newly-constructed, 658,000-square-foot facility located at 16388 Fern Ave., Building 2 in the city of Chino, which it plans to occupy late this year. Yokohama will distribute its products, including passenger car/truck, commercial truck and OTR (Off-the-Road) tires from the facility. The company is relocating its warehouse operations from its current 380,000-square-foot facility in the city of Fullerton

New York, NY - July 23, 2014 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $25.1 million senior loan to PDC Memphis Oaks 3 Holdings, LLC, a Class A distribution property totaling 1,025,000 square feet in Memphis, TN managed and sponsored by affiliates of Panattoni Development Company. The loan will recapitalize the existing financing, and will allow Panattoni to focus on leasing efforts on existing and future vacant space

WASHINGTON, D.C. - July 23, 2014 - (RealEstateRama) --Construction firms added jobs in 38 states and the District of Columbia over the past 12 months, but they reduced headcount in 27 states between May and June, according to an analysis today of Labor Department data by the Associated General Contractors of America. Association officials said the employment gains help, but that construction employment remains below peak levels in every location except North Dakota

LOS ANGELES, Calif. - July 23, 2014 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $3.37 million sale of a fully occupied 27-unit multifamily property located at 4305 Gateway Ave. in the Silver Lake submarket of Los Angeles, Calif.

Irvine, CA - July 23, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the sale of Corporate Center at Southbank, a class A office building totaling 72,000 square feet (sf) in Phoenix, AZ

WASHINGTON - July 23, 2014 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today agreements with the owners and managers of two Berlin, New Hampshire properties, settling allegations that they engaged in housing discrimination when they refused to rent to a woman who was a victim of domestic violence

IRVINE, CALIF. - July 23, 2014 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Hanley Investment Group's Senior Vice President Eric P. Wohl, along with HI Urban Retail Advisors' President Carlos J. Lopez, represented the buyer and seller in the sale of The Shops at Library Court located at 630 W. 6th Street in Los Angeles, Calif.

GARDEN GROVE, CALIF. - July 23, 2014 - (RealEstateRama) -- CBRE Senior Vice President Philip D. Voorhees announced today that he, Brad Rable and their National Retail Investment Group – West (NRIG-West) team completed the sale of Garden Grove Festival Square, a 35,515-square-foot strip center in the City of Garden Grove, Calif., leased to a synergistic mix of regional and local tenants including Popular Community Bank, Woori American Bank and United Dental Group. The sale price was $11.9 million, representing a 5.59% cap rate.

IRVINE, CALIF. - July 21, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that Bellasol (known as "The Zero Home") in Herriman, Utah, received the Gold Nugget Grand Award for the Best Zero Net Energy Design. The Gold Nugget Awards program, presented by PCBC, recognizes "those who improve our communities through exceptional concepts in design, planning and development."

MAYWOOD, CALIF. - July 21, 2014 – (RealEstateRama) — CBRE Senior Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and the National Retail Investment Group – West (NRIG-West) team, along with CBRE’s Managing Director, Richard Rizika, completed the sale of Maywood Village Square, a 48,324-square-foot convenience strip center. The property, located at 4401-4487 Slauson Avenue in the city of Maywood, Calif., is anchored by O’Reilly Auto Parts, Subway, US Bank, Yoshinoya, Western Dental Services and a new Fitness 19 health club, which will occupy nearly 9,000 square feet of the property. The sale price was $11.53 million. The property was approximately 94% occupied at the time of sale.

COLTON, CALIF. July 21, 2014 – (RealEstateRama) — The Hodgdon Group, a full-service real estate brokerage, development and construction firm, announced today that it has completed construction of the conversion of a former FAMSA building, for the opening of an Ashley Furniture HomeStore in Los Angeles, Calif. Hodgdon Group's HMC Construction, Inc. handled all entitlements and served as the design-build contractor for the major renovation of the 49,374-square-foot two-story freestanding building located south of I-10 freeway, near Grand Station, at 1810 S. Broadway. The Los Angeles location represents the 19th Ashley Furniture HomeStore to be completed by the Hodgdon Group.

EASTON, Md. - July 19, 2014 - (RealEstateRama) -- Today, EPA Regional Administrator Shawn M. Garvin joined Governor Martin O’Malley and former Governor Harry Hughes for a ground-breaking at the site of what will become the new Eastern Shore Conservation Center in Easton’s historic district. The redevelopment project, supported by state, federal and local funds, will transform the former McCord Laundry Building and several vacant 1850s row houses along 114-130 S. Washington Street into a thriving campus of offices, residences and outdoor public venue.