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Yearly Archives: 2014

CBRE ARRANGES FRACTURED CONDO SALE OF 74 UNITS IN LUXURY PLANTATION COMMUNITY

Plantation, FL - December 17, 2014 - (RealEstateRama) -- CBRE arranged the sale of 74 out of 150 luxury condominium units at Paragon Plantation at 741-791 N. Pine Island Road in Plantation, Florida. The assets were acquired from Falcon Carlyle, LLC, by Paragon Plantation Holdings, LLC, for $9.35 million, or $126, 351 per unit

Undersecretary Gornstein Chairs Last Meeting of the Interagency Council on Housing and Homelessness

BOSTON - December 17, 2014 - (RealEstateRama) -- Tuesday, December 16, 2014 - Marking the Patrick Administration’s commitment to reducing homelessness in the Commonwealth, Department of Housing and Community Development Undersecretary Aaron Gornstein today presided over a meeting of the Interagency Council on Housing and Homelessness (ICHH).The ICHH has met monthly since 2008, and today’s session marks the final under Governor Deval Patrick’s leadership.

NREL Demonstrates 45.7% Efficiency for Concentrator Solar Cell

WASHINGTON, D.C. - December 17, 2014 - (RealEstateRama) -- The Energy Department's National Renewable Energy Laboratory has announced the demonstration of a 45.7 percent conversion efficiency for a four-junction solar cell at 234 suns concentration. This achievement represents one of the highest

MERS’ Authority to Assign Mortgage Upheld by Rhode Island Supreme Court

Reston, Virginia, - December 17, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Rhode Island Supreme Court ruled, consistent with prior cases, that language in the mortgage explicitly grants the power of sale to MERS and its successors and assigns.

Demand Softens, but Outlook for Architecture Billings Index Remains Positive

WASHINGTON, D.C. - December 17, 2014 - (RealEstateRama) -- Buoyed by sustained demand for apartments and condominiums, coupled with state and local governments moving ahead with delayed public projects, the Architecture Billings Index (ABI) has been positive for seven consecutive months. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the November ABI score was 50.9, down from a mark of 53.7 in October. This score reflects a slight increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.8, following a mark of 62.7 the previous month.

NEW JERSEY REALTORS ANNOUNCES 2015 OFFICERS

Atlantic City, N.J. - December 16, 2014 - (RealEstateRama) -- On December 9, New Jersey Realtors held its President’s Installation and Gala during the fourteenth annual Realtors Triple Play Convention & Trade Expo, where Eugenia K. Bonilla was named 2015 president

CBRE ARRANGES $2.5 MILLION STATE LAND SALE IN DESOTO COUNTY

Tampa, FL - December 16, 2014 - (RealEstateRama) -- CBRE arranged the sale of the former G. Pierce Wood Mental Health Facility near Arcadia in DeSoto County for $2.5 million. The Power Auto Corporation acquired the property from the Florida Department of Environmental Protection's (DEP) Division of State Lands. CBRE represented the DEP

Seattle invests $22 million in affordable housing

WASHINGTON, D.C. - December 16, 2014 - (RealEstateRama) -- Today Mayor Ed Murray announced $22 million for the development and preservation of affordable housing in Seattle. The long-term loans through the Office of Housing will support the City’s priorities of reducing homelessness, supporting transit-oriented development and providing options for families of all incomes to live in Seattle

Revitalization of former power station to generate hundreds of new jobs and millions of...

Providence, RI - December 16, 2014 - (RealEstateRama) -- Governor Lincoln D. Chafee, Senator Jack Reed, Mayor Angel Taveras, House Speaker Nicholas A. Mattiello, Senate Majority Leader Dominick J. Ruggerio, Brown University President Christina Paxson, Rhode Island College President Nancy Carriuolo and University of Rhode Island President David Dooley joined developer Richard Galvin, Governor-elect Gina Raimondo, Mayor-elect Jorge Elorza and other officials today for a ceremonial groundbreaking of the South Street Landing Project.

SENATOR KLEIN INTRODUCES NEW LEGISLATION THAT PROVIDES VICTIMS OF DOMESTIC VIOLENCE EQUAL ACCESS TO...

BRONX, NY - December 16, 2014 (RealEstateRama) --New York State Senator and Independent Democratic Conference leader Jeff Klein (D-Bronx/Westchester), alongside Assemblyman Luis Sepúlveda (D-Bronx), New York City Council Member Ritchie Torres (CD-15),  housing advocates, women’s rights activists and victims of domestic violence,  today announced the introduction of new legislation that would create an equal priority system for all homeless women, children and families across New York City. The proposal comes on the heels of shocking revelations that victims of domestic violence do not qualify for priority placement in the New York City Public Housing Authority (“NYCHA”) system, while at the same time, incidents of domestic violence across the five boroughs have increased dramatically in the past year

Housing Production Falls 1.6 Percent in November

WASHINGTON, D.C. - December 16, 2014 - (RealEstateRama) -- Following an upwardly revised rate last month, housing starts in November slipped 1.6 percent to a seasonally adjusted annual rate of 1.028 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Three-month moving averages for total and single-family production were at their highest levels since the Great Recession

Attorney General Bondi’s Office and Other Attorneys General Investigate Ocwen

TALLAHASSEE, Fla. - December 16, 2014 - (RealEstateRama) -- Attorney General Pam Bondi’s office and other attorneys general on the National Mortgage Settlement Monitoring Committee have been investigating Ocwen ever since a whistleblower came forward earlier this year with significant issues about Ocwen’s internal compliance review. The investigation by the attorneys general is separate from that announced by NMS Monitor Joseph Smith, Jr. today, but it relates to the same issues brought to Mr. Smith’s attention in May.

Mike Coffman wants the VA out of the building business

WASHINGTON, D.C. - December 16, 2014 - (RealEstateRama) -- U.S. Rep. Mike Coffman said Friday that he plans to introduce legislation next year that would bar the U.S. Department of Veterans Affairs from running its own construction projects.

ADOT&PF Reminds Property Owners About Driveway Snow Removal

FAIRBANKS, Alaska - December 16, 2014 - (RealEstateRama) -- Every year, the Alaska Department of Transportation and Public Facilities (ADOT&PF) receives questions focused on two areas of driveway plowing

Dorchester, Mass. Landlords Will Remove Lead Hazards from Residential Properties under EPA Settlement

BOSTON - December 16, 2014 - (RealEstateRama) -- Two Boston-area landlords will perform health-protective improvements on five Dorchester, Mass. properties to settle EPA claims that they failed to follow federal lead paint disclosure laws.

Major cities, including Cleveland, expect ongoing issues over hunger and homelessness, study says

CLEVELAND, Ohio - December 16, 2014 - (RealEstateRama) -- Requests for emergency food is expected to increase over the next year in several metropolitan areas, while meeting those needs could continue to fall short, says a task force of some U.S. cities, including Cleveland

Lawyers’ Committee Applauds Federal Housing Finance Agency Decision to Fund the National Housing Trust...

WASHINGTON, D.C., - December 16, 2014 - (RealEstateRama) -- The Lawyers' Committee for Civil Rights Under Law (Lawyers’ Committee) applauds the Federal Housing Finance Agency’s (FHFA) decision to fund the National Housing Trust Fund (NHTF), which will expand the supply of safe, decent affordable housing for those who are most in need. FHFA Director Melvin L. Watt announced the move in letters sent to the chief executives of Fannie Mae and Freddie Mac on December 11, 2014. Congress authorized the NHTF through the Housing & Economic Recovery Act of 2008 (HERA), which specified that Fannie and Freddie would each pay a percentage of their annual volume of business to fund the NHTF. That obligation was temporarily suspended when Fannie and Freddie were placed under receivership at the height of the 2008 financial crisis but was reinstated through Director Watt’s letter. The Lawyers’ Committee strongly supported Director Watt’s nomination for his position as the Director of FHFA.

Upscale Peoria Contractor Facility Sells to Owner/User for $2.1 Million

PEORIA, AZ - December 16, 2014 - (RealEstateRama) -- A 4-acre industrial property with two buildings totalling 18,373 SF at 12268 N. 92nd Dr. in Peoria sold for $2,100,000 or $114.30 per SF.

St. Petersburg’s Strickland Group Launches New Website with Cutting-edge Realty Features

WASHINGTON, D.C. - December 16, 2014 - (RealEstateRama) -- The Strickland Group, the elite St. Petersburg real estate team founded by leading area Realtor® Bonnie Strickland, has launched a new website at BonnieStrickland.com. Designed and built in cooperation with St. Petersburg-based ThinkTank (www.thinktankconnect.com), BonnieStrickland.com showcases The Strickland Group’s listed properties, offers advanced tools to homebuyers, and features the Group’s insights about homebuying and the St. Petersburg real estate market

Community and Neighborhood Design Remains Focused on Accessibility and Leveraging Existing Neighborhood Assets

WASHINGTON, D.C. - December 16, 2014 - (RealEstateRama) -- While the housing market recovery of the last few years has not resulted in a significant boom for neighborhood and community designers, work in the sector remains focused and strong. Leveraging opportunities in existing neighborhoods, both projects and designs aim for continuing to provide easy access to employment, transportation and connection with the larger community. At the same time, homeowners continue to favor contemporary styling – choosing low-maintenance materials for exteriors, flexible interior spaces and roofs with solar reflective characteristics

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases

The Do's and Don'ts of First-Time Homeownership

The Do’s and Don’ts of First-Time Homeownership

Buying a home is an exciting but often overwhelming experience, especially for first-timers. It’s a nuanced process that involves navigating through many important decisions, paperwork, and