Yearly Archives: 2014

New York, NY - July 2, 2014 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $30.3 million loan commitment to a venture led by Sage Hospitality for the acquisition and renovation of Marriott Minneapolis Southwest, a 321-key full-service hotel 12 miles southwest of Downtown Minneapolis in Minnetonka, MN.

WASHINGTON, D.C. - July 1, 2014 - (RealEstateRama) -- Total construction spending edged higher for the third straight month in May, as solid increases in private nonresidential and public construction outweighed a downturn in residential projects, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials cautioned that the pickup in highway spending is in jeopardy of reversing sharply unless policy makers act urgently to shore up the federal Highway Trust Fund

WASHINGTON, D.C. - July 1, 2014 - (RealEstateRama) -- Construction employment expanded in 218 metro areas, declined in 72 and was stagnant in 49 between May 2013 and May 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials warned that job losses could spread to more metros unless policy makers in Washington quickly agree on providing new funding for the federal highway program.

NEW YORK, - July 1, 2014 - (RealEstateRama) -- Eastern Union Funding, one of the largest national private mortgage brokerage companies, has posted over $1.5 billion in sales volume for the first half of the year – which is double that of 2013 – and is on target to break $3 billion in sales volume by year-end

Washington, DC - July 1, 2014 - (RealEstateRama) -- Like many homeowners, Sixto Diaz was current on his mortgage when he decided to get a loan modification. His monthly payment was increasing and the mortgage was upside down so he reached out to a California company for help. They promised he would get a loan modification if he paid them $3,000. They guaranteed results so he paid the money and hoped for the best. One year passed with no results. Then he realized he had lost his money to scammers. Fortunately, he is working with a HUD-approved counseling agency free of charge to get a loan modification.

WASHINGTON - July 1, 2014 - (RealEstateRama) -- In a letter sent today to the U.S. Department of Housing and Urban Development, the National Association of Realtors® offered support for the Federal Housing Administration’s efforts to reduce mortgage insurance premiums for first-time buyers through its Homeowners Armed with Knowledge, or HAWK, housing counseling pilot program but is concerned the program won’t significantly reduce premiums or reach enough qualified buyers

WASHINGTON, D.C. - July 1, 2014 - (RealEstateRama) -- The National Association of Home Builders (NAHB) announced that Steve Bomberger of Wilmington, Del., has been elected as chairman of the NAHB 50+ Housing Council. Bomberger succeeds Robert Karen, managing member of the Symphony Development Group in Owings Mills, Md., and will serve a 1-year term.

WASHINGTON, D.C. - July 1, 2014 - (RealEstateRama) -- Members of the National Association of Home Builders’ (NAHB) Log Homes Council (LHC) are celebrating National Log Home Open House Month in July by hosting home tours, log raising demonstrations, factory tours, seminars and much more. This marks the third anniversary of the national event for the LHC members

IRVINE, Calif. - July 1, 2014 - (RealEstateRama) -- Faris Lee Investments, a leading retail advisory and brokerage services firm, has completed the $7.64 million sale of Foothill Center, a 19,400-square-foot multi-tenant shopping center located in the south Orange County city of Lake Forest. The center is 95 percent occupied with tenants including Baja Fresh, Enterprise Rent-A-Car, and Wasabi Sushi

New York, NY - June 30, 2014 - (RealEstateRama) -- According to the 2014 second quarter Manhattan residential market report released today by Brown Harris Stevens, the average Manhattan apartment sale price of $1,700,426 was essentially unchanged from the first quarter of 2014 but up 19% from the second quarter of 2013. At $904,500, the median price, which measures the middle of the market and is less impacted by high-end sales, was just 5% higher from a year ago. The number of closings was up 9% to 2,694 from the second quarter of 2013 and 17% from the previous quarter

Boston - June 30, 2014 - (RealEstateRama) -- On Thursday, June 26, 2014, city and state officials celebrated the second phase of redevelopment at the Old Colony public housing community in South Boston, marking the midway point for redevelopment of the site. The Boston Housing Authority (BHA) began overhauling the site in 2009

WASHINGTON, D.C. - June 30, 2014 - (RealEstateRama) -- Residential building permits have not yet approached the monthly averages established during the past 35 years, but May 2014 did extend the levels achieved during the past 12 months. With 381 single family permits issued during May 2014, the year-to-date total for 2014 is now 1,685 for the eight county metropolitan area. While May’s permit count is a decrease of 60 permits from April, the year-to-date total is a 4 percent increase over 2013, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. Multi-family permits totaled 445 during May with year-to-date of 1,604 which is the most since 2001

ANCHORAGE, AK, June 27, 2014 –- June 30, 2014 - (RealEstateRama) -- Alaska Housing Finance Corporation (AHFC) is awarding more than $5.9 million in homeless assistance funds through its Basic Homeless Assistance Program.

WASHINGTON, D.C. - June 30, 2014 - (RealEstateRama) -- “We’re not really used to being the recipients of service from someone else,” said U.S. veteran Todd Shaw. “We’re used to being the ones lending a hand.”

LOS ANGELES - June 30, 2014 - (RealEstateRama) -- Reflecting the proliferating use of social media in today’s society, more home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALT...

WASHINGTON - June 30, 2014 - (RealEstateRama) -- Over the years, Realtors® have spent countless time and millions of dollars advancing real estate technologies and keeping up with the latest high-tech tools. The 2013-2014 Realtor® Technology Survey, conducted by NAR’s Center for REALTOR® Technology, found that Realtors® continued to invest in new technology for their businesses in 2013 and spent more than they did in previous years.

WASHINGTON - June 30, 2014 - (RealEstateRama) -- Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains.

NORTHBROOK, Ill. /LOS ANGELES - June 30, 2014 - (RealEstateRama) -- Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the United States and headquartered in Los Angeles, has announced that Joe Cap...

WASHINGTON, D.C. - June 30, 2014 - (RealEstateRama) -- Please join the Connecticut Housing Finance Authority for a discussion on the Low-Income Housing Tax Credit Program.

WASHINGTON, D.C. - June 30, 2014 - (RealEstateRama) -- U.S. Senators Ben Cardin and Barbara A. Mikulski (both D-Md.)today announced a grant in the amount of $1,334,427 from the U.S Department of Labor (DOL) to provide job training to homeless veteran...