Yearly Archives: 2017

Defendant Double-Crossed His Clients and Stole a $500,000 Bribe Intended to Influence a South Korean Company’s Sale of the Landmark 72 Building in Hanoi, Vietnam. The middleman in a foreign bribery scheme pleaded guilty today to wire fraud and money laundering charges for his role in a scheme to bribe a foreign official in the Middle East to land a real estate deal, and to defrauding his co-schemers.

The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017.

The House Financial Services Committee today concluded a markup (link is external) on multiple pieces of legislation to reauthorize and reform the National Flood Insurance Program. Following is a statement from National Association of Realtors ® President William E. Brown

Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month.

McCormick Construction, a premier builder shaping the culture of buildings and businesses throughout the Western United States since 1914, has announced the completion of Westfield's U.S. headquarters renovation, located at 2049 Century Park East in Century City, California.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased Jiffy Lube locations in Indiana for $2,400,000.

The Department of Housing and Community Development (DHCD) has extended the deadline for submitting comments on Draft Guidelines(link is external) for calculating the 40B general land area minimum until July 14, 2017.

Eight national business groups representing the diverse spectrum of renewable energy technologies (wind, solar, geothermal, biomass, hydro, biogas and waste-to-energy) today released a first-of-its-kind joint statement outlining a positive vision for the future of America’s power grid.

David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released a statement following the Federal Housing Finance Agency's (FHFA) annual report to Congress. "We strongly support a number of the recommendations made in this report, including the need for comprehensive housing finance reform as well as measures to reduce barriers to investor participation in credit risk transfers. Both of these recommendations would facilitate liquidity in the secondary markets, which ultimately benefits borrowers, lenders, and investors

Approximately one-third of adults age 65 years or older fall in their home, resulting in injury, long-term disability and premature institutionalization. By 2020, the Centers for Disease Control and Prevention estimates the cost related to these kinds of injuries to be nearly $60 billion a year. In an effort to reduce and prevent falls and their associated costs, the U.S. Department of Housing and Urban Development (HUD) today released a wide-ranging report recommending a more holistic approach to seniors aging-in-place and their health needs

FBS, the creators of the industry-leading Flexmls System and Spark Platform, announced a partnership with Solid Earth to build their Spring Consumer Portal on the Spark API, an integration that will give Multiple Listing Services the ability to create and quickly deploy hyper local consumer portals in their marketplaces, delivering better quality leads to its members for the first time

Shailendra Group Property Services (SGPS) today announced the purchase of Douglasville Medical Center and Prestley Mill Medical Center for a combined $7.5 million. The 41,772-square-foot acquisition includes 8820 Hospital Drive and 4586 Timber Ridge Drive properties

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, arranged the sale of a new single-tenant net-lease Rite Aid property located at 2938 Rosamond Boulevard in the City of Rosamond, north of Lancaster/Palmdale, in Southern California’s Antelope Valley. The purchase price was $7,604,000.

SG Contracting President and Georgia Board of Regents member Sachin Shailendra recently delivered a commencement address to Clayton State University graduates, faculty and guests. Shailendra's main message to graduates during the May 6, 2017, commencement ceremony was, "Don't ever give up. Always continue to work hard and strive to reach your goals."

The Harvard Joint Center for Housing Studies released its State of the Nation’s Housing 2017 report. NAHRO is proud to be a sponsor of this vital annual publication, a must-read for affordable housing and community development practitioners.

The District of Columbia Housing Finance Agency (DCHFA) is investing in affordable housing in Columbia Heights for the second time this spring with the issuance of $15,840,000 in bond financing for the rehabilitation and construction of the Maycroft Apartments (1474 Columbia Road N.W.

Forty-two states added construction jobs between May 2016 and May 2017 amid growing demand for construction services, while 25 states and the District of Columbia lost construction jobs between April and May as firms struggle to find enough workers, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said workforce shortages appear to be impacting construction employment in parts of the country.

The Alliance to Save Energy’s Board of Directors elected seven new members, including members of Congress and business leaders in the technology and manufacturing sectors, to help lead the organization’s work to advance energy efficiency in the United States

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for May 2017