Yearly Archives: 2014

WASHINGTON, D.C. - May 7, 2014 - (RealEstateRama) -- U.S. Senators Charles E. Schumer, Kirsten Gillibrand, and U.S. Representatives Nita Lowey and Sean Patrick Maloney today announced nearly $3.8 million in federal funds to elevate four locations along interstate 87 in the towns of Tuxedo and Ramapo in Orange and Rockland Counties to minimize the risk of future flooding. Project sites are between mile posts 39.77 and 39.53, between mile posts 37.92 and 37.76, between mile posts 32.2 and 32.1, and between mile posts 30.68 and 31.1. This grant, which is being awarded as part of the Federal Emergency Management Agency’s (FEMA) Hazard Mitigation Grant Program (HMGP) will offset 75% of the total project costs

Washington, D.C. - May 7, 2014 - (RealEstateRama) -- U.S. Senators Charles Schumer and Kirsten Gillibrand today announced a $465,000 grant for the Town of Wellsville from the U.S. Economic Development Administration’s (EDA) Economic Development Assistance Programs. This federal funding will be used to update and expand the town’s water infrastructure. In September, Senator Gillibrand sent a letter to the regional director of the EDA requesting funding for Wellsville

NEW YORK, NY - May 7, 2014 - (RealEstateRama) -- Following Mayor de Blasio’s formal unveiling of his administration’s long-term plan to address New York City’s affordable housing crisis, Congresswoman Carolyn B. Maloney (NY-12), a longtime affordable housing advocate, released the following statement:

TAMPA, - May 7, 2014 - (RealEstateRama) -- When a fire breaks out, your home can be gone in a matter of minutes. This week is the start of Building Safety Month and the Insurance Institute for Business & Home Safety (IBHS) wants you to know the facts about residential fire sprinklers so your home can be properly protected.

WASHINGTON, D.C. - May 7, 2014 - (RealEstateRama) -- Lowell Catlett, Ph.D., will address the future of the Magic Valley’s economy during a luncheon at noon, June 5 at the Canyon Crest Event Center in Twin Falls.

WASHINGTON - May 7, 2014 - (RealEstateRama) --— After a phone call with National Flood Insurance Program (NFIP) Associate Administrator David Miller today, U.S. Senator Mary L. Landrieu, D-La., announced that the Federal Emergency Management Agency (FEMA) has fully repealed one of the most harmful provisions from Biggert-Waters that made it impossible for new buyers of homes or businesses to assume a property’s existing flood insurance policy. The provision, repealed by the Homeland Flood Insurance Affordability Act, had frozen real estate markets throughout the nation and threatened to wipe out the equity thousands of middle class families had built in their homes. Up to 82,000 properties in Louisiana—and 1.1 million nationwide—will benefit from today’s announcement

NEW YORK, - May 7, 2014 - (RealEstateRama) -- Goldman Sachs announced today that it has closed its second real estate credit fund, Broad Street Real Estate Credit Partners II (RECP II), with over $4 billion in total capital available to invest, including expected leverage. Limited partners in RECP II include existing as well as new institutional and private investors from throughout the Americas, Europe and Asia. RECP II will be managed by the real estate group within Goldman Sachs’ Merchant Banking Division (MBD). With this new vehicle, Goldman Sachs will be able to offer these lending capabilities to borrowers in Europe for the first time, building on its track record in the United States.

Louisville, KY - May 7, 2014 - (RealEstateRama) -- Faced with increasing pressure to keep rents affordable and find better ways to finance new construction and maintenance of existing affordable housing, more than 130 nonprofit owners and managers of affordable rental apartments are coming to Louisville, KY to exchange successful business ideas as part of a special meeting of the Consortium for Housing and Asset Management (CHAM) being held in conjunction with the NeighborWorks Training Institute, May 19-23.

Reston, Virginia, - May 7, 201 - (RealEstateRama) --MERSCORP Holdings, Inc. today announced the United States District Court for the District of Montana Missoula Division adopted in full the findings and recommendations by United States Magistrate Judge Jeremiah C. Lynch, confirming Mortgage Electronic Registration Systems, Inc.’s (MERS) authority as the nominee to act on behalf of the beneficiary.

WASHINGTON, D.C. - May 7, 2014 - (RealEstateRama) -- Today, 33 national organizations and 163 state and local organizations send a letter to six U.S. Senators on the Senate Banking, Housing, and Urban Affairs Committee urging them to keep working on the Housing Finance Reform and Taxpayer Protection Act of 2014, the “Johnson-Crapo” bill, to get the bill to the point that they can support it and thus provide the $3.75 billion a year through the National Housing Trust Fund to address the acute shortage of affordable rental housing for the lowest income Americans

CLANTON, Ala. - May 7, 2014 - (RealEstateRama) -- Homeowners, renters and business owners affected by the recent severe storms, tornadoes and flooding in Alabama are urged to register with the Federal Emergency Management Agency, as they may be eligible for disaster assistance

INDIANAPOLIS - May 7, 2014 - (RealEstateRama) -- The organizers of the Shanghai Intelligent Building Technology (SIBT) fair have signed a cooperation agreement with the Custom Electronic Design & Installation Association (CEDIA). Through this newly-formed partnership, both the fair’s organizers and CEDIA will organize the first edition of the Home Technology Zone at the fair’s 2014 edition from September 3 – 5. The zone will be a showcase of exhibitors involved in the development of audio and video systems, associated components, home theater equipment, multimedia systems as well as overall system integration solutions

NEW YORK - May 6, 2014 - (RealEstateRama) -- Mayor Bill de Blasio today laid out a 10-year plan to build or preserve 200,000 affordable apartments across all five boroughs—enough housing to serve more than a half-million New Yorkers. The $41 billion Housing New York: A Five-Borough, Ten-Year Plan is the most expansive and ambitious affordable housing agenda of its kind in the nation’s history, and Mayor de Blasio pledged it would reach New Yorkers ranging from those with very low incomes at the bottom of the economic ladder, all the way to those in the middle class facing ever-rising rents in their neighborhoods

CHARLESTON - May 6, 2014 - (RealEstateRama) -- West Virginia Attorney General Patrick Morrisey is encouraging homeowners to be mindful when selecting a company to help with landscaping, yard work and tree trimming.

Harrisburg - May 6, 2014 - (RealEstateRama) -- There are many gifts that would delight moms this Mother’s Day, but the gift of found money is one that can truly make a difference in the life of a loved one, State Treasurer Rob McCord noted today as he reminded families to remember Treasury’s unclaimed property program when considering ways to celebrate the special women in their lives

IRVINE, Calif., - May 6, 2014 - (RealEstateRama) -- Faris Lee Investments, a leading retail advisory and brokerage services firm, has completed the $7.84 million sale of The Shops at Sierra Lakes, a two-building, 21,615-square-foot retail center in Fontana, Calif. The property was 94 percent occupied at the close of escrow with major tenants including Dollar Tree, 7-Eleven and others

WASHINGTON, D.C. - May 6, 2014 - (RealEstateRama) -- Associated Builders and Contractors (ABC) today named Lloyd Evans, hiring and training administrator at Watson Electrical Construction Co. in Wilson, N.C. its Craft Instructor of the Year. Evans received the honor May 2 during ABC’s National Craft Championships (NCC) and Workforce Development Conference in Birmingham, Ala

WASHINGTON, D.C. - May 6, 2014 - (RealEstateRama) -- Associated Builders and Contractors (ABC) today named Robert Stuart, superintendent at Stronghold Engineering in Menifee, Calif., its Craft Professional of the Year. Stuart received the honor May 2 during ABC’s National Craft Championships (NCC) and Workforce Development Conference and in Birmingham, Ala

WASHINGTON, D.C. - May 6, 2014 - (RealEstateRama) -- Associated Builders and Contractors (ABC) today announced the winners of its National Craft Championships and the Craft Instructor of the Year and Craft Professional of the Year during the Careers in Construction awards ceremony in Birmingham, Ala. The ceremony took place May 2, at the conclusion of ABC’s Workforce Development Conference.

WASHINGTON, D.C. - May 6, 2014 - (RealEstateRama) -- Montgomery County Executive Isiah Leggett and County Council President Craig Rice today proclaimed May as Building Safety Month in Montgomery County. A joint proclamation was presented to Department of Fire Rescue Services Chief Steve Lohr and Department of Permitting Services (DPS) Director Diane Schwartz Jones.