Yearly Archives: 2017

Southern New Jersey Development Council hosted its annual Distinguished Achievement Awards Reception honoring outstanding individuals, organizations and companies in the public and private sectors for leadership in economic development.

New home sales and prices improved in Texas, but took slightly longer to sell in September, according to HomesUSA.com® New Homes Sales Index and other data released today. The Index is 12-month rolling average of the Days on Market for new homes listed in the local Multiple Listing Services (MLSs) for the four largest Texas markets, including Houston, Dallas-Ft. Worth, Austin and San Antonio.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, and SRS Real Estate Partners, the largest retail-focused real estate brokerage and advisory firm in North America specializing in property sales, leasing, and tenant representation, announced today that Executive Vice President Eric Wohl of Hanley Investment and Senior Vice President Michael Walseth of SRS’ National Net Lease Group, represented the seller in the sale of a brand new single-tenant McDonald’s ground lease in the City of Azusa, Calif.

The Mortgage Bankers Association (MBA) today announced its new members of the Residential Board of Governors (RESBOG), members of the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), and Residential Committee Chairs 2018

The Austin Board of REALTORS® (ABoR), one of the nation’s most progressive Multiple Listing Services (MLSs), announced today that Stan Martin has been promoted to Director of MLS. Effective immediately, Stan will assume the responsibility for leading efforts to continue to drive strategic relevance and operational excellence of the MLS for ABoR in partnership with its Board of Directors.

The Mortgage Bankers Association (MBA) today presented Griffith (Griff) J. Straw, Master CMB, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award. "Griff's commitment and efforts have resulted in numerous mortgage professionals receiving training, insight

The Alliance to Save Energy submitted comments today in response to the “Grid Resilience Pricing Rule” proposed recently by the Department of Energy. The Alliance released the following statement from Research Director Natasha Vidangos summarizing the comments

Vernon Davis of the National Football League (NFL) and U.S. Senator Cory Booker (D-NJ) will be honored tonight by the National Law Center on Homelessness & Poverty (Law Center) at the 19th Annual McKinney-Vento Awards for their efforts to end homelessness in America.

Market conditions for the apartment industry remained soft in the National Multifamily Housing Council’s (NMHC) October Quarterly Survey of Apartment Market Conditions. While the Market Tightness (37), Sales Volume (45) and Equity Finance (46) Indexes remained below the breakeven level of 50 – with the Debt Financing Index (51) edging just above 50 – there was little change compared with three months earlier.

The U.S. Environmental Protection Agency (EPA) announces its 17th annual Green Power Leadership Awards, recognizing 19 Green Power Partners across the country – including Amphitheater Public Schools (Tuscon, AZ), Apple, Bainbridge Island (Washington), Capital One, the City of Houston (Texas), Google, Intel, L’Oreal, Microsoft, Lockheed Martin, and University of Missouri – for achievements in advancing the nation’s voluntary green power market.

The Mortgage Bankers Association (MBA) today swore in its Board of Directors for the 2018 membership year at MBA's Annual Convention & Expo in Denver, Colorado. The Board of Directors will be chaired by Dave Motley, CMB, Chairman of MBA and President of Colonial Savings, F.A.

U.S. Housing and Urban Development (HUD) Secretary Ben Carson today allocated an additional $57.8 million to help Texas recover from Hurricane Harvey. The grant announced today is provided through HUD's Community Development Block Grant - Disaster Recovery (CDBG-DR) Program. Combined with CDBG-DR grants already allocated to the State of Texas from disasters that occurred in 2015 and 2016, HUD's support of long-term disaster recovery in the Lone Star State now totals more than $371 million.

Dave Motley, CMB, President of Colonial Savings, F.A. and its divisions -- Colonial National Mortgage and CU Members Mortgage, was sworn in today as Chairman of the Mortgage Bankers Association (MBA) during the Association's 2017 Annual Convention & Expo in Denver, CO.

CoreLogic®(NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced an agreement to offer SavvyCard® to its multiple listing clients as a new social marketing service that helps subscribers deepen relationships with clients and prospects

MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), recognized 40 individuals who earned the Certified Mortgage Banker (CMB®) designation at a ceremony held at MBA's Annual Convention & Expo in Denver, CO. Earning one's CMB is the highest professional honor within the real estate finance industry.

First Financial Corp., a regional bank headquartered in Cincinnati, Ohio, has committed $1.75 billion to a Community Development Plan negotiated with the National Community Reinvestment Coalition and a coalition of community organizations in Ohio, Indiana and Kentucky.

On Monday, October 23, at 10 am, Mayor Muriel Bowser will be joined by Administration and local officials to highlight the progress of DC Clean Rivers Project, a DC Water program to prevent stormwater and reduce combined sewage from overflowing into Rock Creek Park and the Anacostia and Potomac Rivers. Located at a major green infrastructure site in the Brightwood community in Ward 4, Mayor Bowser will tour the construction of the permeable pavement, disconnected downspouts, and rain gardens for bio-retention

The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 57 in the third quarter of 2017, up two points from the previous quarter. For 18 consecutive quarters, the RMI has been at or above 50, which indicates that more remodelers report market activity is higher compared to the prior quarter than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.