Yearly Archives: 2014

WASHINGTON, D.C. - February 26, 2014 - (RealEstateRama) -- Though the average size of new homes keeps getting bigger, there is more to this home buying trend than meets the eye, according to Census Bureau data presented by the National Association of Home Builders (NAHB) during the International Builders’ Show in Las Vegas

New York, NY - February 27, 2014 - (RealEstateRama) -- Negotiations for a new, multi-year contract began today between the Realty Advisory Board (RAB), an industry association representing most building owners in New York City and 32BJ SEIU, the largest private sector union in New York. The contract covers 30,000 doormen and women, superintendents, resident managers, handypersons, concierges and porters working at apartment buildings throughout Manhattan, Brooklyn, Queens and Staten Island

BOCA RATON, Fla. - February 27, 2014 - (RealEstateRama) -- With a growing emphasis on commercial real estate, the evolving real estate industry and luxury real estate, the National Association of Real Estate Editors (NAREE) offers 25 categories to recognize excellence in the extremely broad field of real estate journalism which runs the gamut from residential, commercial and mortgage finance to public policy, sustainable urban and home design, among others.

WASHINGTON, D.C. - February 27, 2014 - (RealEstateRama) -- According to a comprehensive new report, there is a startling contrast in economic prosperity between successful and struggling American communities. America is divided into nine different community profiles, ranging from the successful — the “Affluent Metroburbs” — to the genuinely troubled — the “Endangered Communities.” Fifty percent of the American communities studied are struggling to find their way forward after the Great Recession.

Sales of newly built, single-family homes rose 9.6 percent to a seasonally adjusted annual rate of 468,000 units in January from an upwardly revised...

WASHINGTON, D.C. - February 26, 2014 - (RealEstateRama) -- Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., issued the following statement on flood insurance legislation pending in the House:

SAN DIEGO, - February 26, 2014 - (RealEstateRama) -- DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has deployed enhancements to the underlying logic within its Precision Loan Model (PLM), providing a more accurate way for lenders and investors to identify and position all relevant loans on a property.

HARRISBURG, - February 21, 2014 - (RealEstateRama) -- Washington County officials will receive a $75,000 state grant to help make needed modifications to the homes of disabled citizens, state Sen. Tim Solobay and Rep. Brandon Neuman announced today

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency (PHFA) Board recently awarded $1.16 million in tax credit allocation to Allies & Ross Management and Development Corporation (the development arm of the Housing Authority of the City of Pittsburgh) and McCormack Baron Salazar, Inc. for the Larimer/East Liberty Phase I development. This allocation will provide tax credit equity in the amount of roughly $11 million toward this initiative

BOSTON - February 21, 2014 - (RealEstateRama) -- Two Florida men were sentenced today to serve 84 months in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. United States Attorney Carmen M. Ortiz, Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, and Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy Romero made the announcement

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- A new report released by the NAIOP Research Foundation suggests that commercial real estate investment and sales activity could begin to pick up in the coming year in many of America’s medium-sized metropolitan areas (so-called “secondary markets”). Based on healing economic conditions, improving investor confidence and the availability of financing, the report forecasts a general rebound in an industry that contributes billions of dollars to local revenues and helps support thousands of local jobs. A complete list of the metro areas is below.

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- Construction charity organization AGC Charities, Inc. announced today that it will build a new equestrian center for a local charity group that provides equestrian programs and activities for veterans, their families and local first responders. As part of its annual Operation Opening Doors effort, contractors will donate their time, expertise and money to create a new facility for

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- CHFA Asset Management staff, in conjunction with Spectrum Enterprises, will be conducting the following LIHTC Compliance Conferences in the month of April, 2014. Both conferences will be held at the Hawthorne Inn, located at 2421 Berlin Turnpike, Berlin

Washington - February 21, 2014 - (RealEstateRama) -- NeighborWorks America today announced that foreclosure prevention counselors from three nonprofit organizations funded in part by the National Foreclosure Mitigation Counseling program received awards for excellence in service to homeowners facing foreclosure. Maru Cham at Neighborhood House Association in San Diego, CA was named the Counselor of the Year; Elizabeth Caton, at Northwest Side Housing Center was named Counseling Innovator of the Year, and Gercide Luc at Urban Edge Housing Corporation in Roxbury, MA, won the Excellence in Counselor Perseverance award. Nominations and voting are done by members of the housing counseling community.

Los Angeles, CA - February 21, 2014 - (RealEstateRama) -- A $10 million boost is coming to the Los Angeles economy when more than 2,000 community development professionals from around the country convene in the city for the NeighborWorks Training Institute (NTI) Feb. 24-28. The conference is hosted by NeighborWorks America, a national, Congressionally chartered nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities

DULUTH - February 21, 2014 - (RealEstateRama) -- The U.S. Environmental Protection Agency today announced the award of a $250,000 Great Lakes Restoration Initiative grant to the City of Duluth to fund green infrastructure projects to improve water quality in the Lake Superior Basin. Duluth is the first of 16 cities to receive funding in the initial round of EPA’s new Great Lakes Restoration Initiative Shoreline Cities grant program

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- Lee & Associates-North San Diego office has negotiated the $6.15 million sale of 17 land lots, located on Pio Pico Drive in Carlsbad, Calif., to the country’s largest privately-owned homebuilder, Shea Homes.

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker owned commercial real estate firm in the country, has brokered the sale of a 141,066-square-foot industrial property at 4688 State Highway 16 in Graham, Texas. The transaction amount was not disclosed.

WASHINGTON, D.C. - February 20, 2014 - (RealEstateRama) -- By way of background, I am a career bank regulator. I cut my teeth during the end of the S&L Crisis as an entry level bank examiner 24 years ago. I later served for seven years as the Massachusetts Commissioner of Banks. Under this purview, I had a mandate to ensure compliance with safety and soundness, consumer protection, community reinvestment, and fair lending laws and regulations. Moreover, I have supervised banks, credit unions, and nonbanks throughout my career

HARRISBURG, - February 20, 2014 - (RealEstateRama) -- State Sen. Judy Schwank today hailed the recent approval by the Pennsylvania Housing Finance Agency of nearly $1.4 million in low-income housing tax credits to support two housing development projects in the City of Reading.