U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF EDUCATION AND NONPROFIT PARTNERS LAUNCH...
In an effort to promote literacy and boost educational outcomes for kids in public housing across the country, the U.S. Departments of Housing and Urban Development (HUD) and Education (ED) are joining forces with the Campaign for Grade-Level Reading (GLR), the National Book Foundation (NBF) and the Urban Libraries Council (ULC) to launch the Book-Rich Environment (BRE) Initiative
As part of the U.S. Department of the Interior’s nationwide tour to highlight the progress that has been made during the last eight years to restore the nation-to-nation relationship with Native Americans and Alaska Natives, Deputy Secretary of the Interior Michael L. Connor joined leaders of the Navajo Nation today to announce that sales from the Land Buy-Back Program for Tribal Nations (Buy-Back Program) have exceeded $1 billion.
Annual Energy Outlook 2017 (AEO2017), released today by the U.S. Energy Information Administration (EIA), presents updated projections for U.S. energy markets through 2050 based on eight cases (Reference, Low and High Economic Growth, Low and High Oil Price, Low and High Oil and Gas Resource and Technology, No Clean Power Plan implementation). This is the first time that EIA is publishing projections through 2050 in the AEO tables.
U.S. Sens. Lisa Murkowski and Dan Sullivan, both R-Alaska, today introduced legislation that would allow limited oil and natural gas development within the non-wilderness portion of the Arctic National Wildlife Refuge (ANWR).
Commercial and multifamily mortgage lending is expected to increase in 2017, as lenders' appetites to place new loans and borrowers' appetites to borrow both remain strong, according to a new Mortgage Bankers Association survey of the top commercial and multifamily mortgage origination firms. Nearly two-thirds (63 percent) of the top firms expect originations to increase in 2017, with one-quarter (26 percent) expecting an increase of 5 percent or more. A full half (50 percent) expect their own firm's originations to increase by 5 percent or more
Mortgage credit availability increased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
CONSTRUCTION EMPLOYMENT DIPS IN DECEMBER BUT RISING HOURLY EARNINGS, CONTRACTOR OPTIMISM SUGGEST HIRING PAUSE...
Construction employment slipped by 3,000 jobs in December, while average hourly earnings accelerated, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that recent construction spending numbers and their own survey of members suggest demand for construction remains strong, suggesting that the lack of hiring may be due to a shortage of available workers.
Before the Ohio General Assembly adjourned its session last month it handed landlords a big win with the passage of legislation aimed at curbing harassment-for-profit by local fair housing organizations. More...
Mortgage applications decreased 12 percent from two weeks earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 30, 2016. The results included adjustments to account for the Christmas holiday
Energy Department Launches New Manufacturing USA Institute Focused on Recycling and Reusing Materials
As part of the Manufacturing USA initiative, today the Energy Department announced its new Reducing Embodied-energy and Decreasing Emissions (REMADE) Institute, which will be headquartered in Rochester, New York and led by the Sustainable Manufacturing Innovation Alliance. REMADE will leverage up to $70 million in federal funding, subject to appropriations, and will be matched by $70 million in private cost-share commitments from over 100 partners
The Federal Trade Commission announced today that it is challenging the public to create an innovative tool that will help protect consumers from security vulnerabilities in the software of home devices connected to the Internet of Things. The agency is offering a cash prize of up to $25,000 for the best technical solution, with up to $3,000 available for up to three honorable mention winner(s)
The office of Congresswoman Eleanor Holmes Norton (D-DC) today released her letter to District of Columbia Department of Transportation (DDOT) Director Leif Dormsjo asking DDOT to consider alternatives to the current plan of suspending all construction activities on roadways and sidewalks from Friday, January 13, 2017 through Tuesday, January 24, 2017
Meridian, a full-service office property developer in California, is pleased to announce the purchase of 1000 Marina, a six-story 105,000-square-foot office building in San Mateo County, Calif. The seller was TA Associates, a private equity firm based in Boston, Massachusetts. Meridian paid just under $29 million for the 90%-leased building located in the Sierra Point Submarket in the city of Brisbane. The purchase closed in the final week of 2016 and represented Meridian’s second major office transaction in northern California since September when the firm sold The Atrium, a 77,000-square-foot office building in Pleasanton. More...
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Bob Evans property located at 105l El Jobean Road in Port Charlotte, Florida for $1,904,000. More...
The first set of global property ethics principles has been released by the International Ethics Standards (IES) Coalition, a group of more than 100 professional organizations worldwide. The Standards are intended to gui
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 9443 Highway 1 in Natchez, Louisiana for $1,484,000. More...
The Solar Energy Industries Association (SEIA) and the Solar Energy Finance Association (SEFA) are joining forces and forming a new entity under SEIA to support wide-scale, low-cost solar deployment through better access to investment capital. Under SEIA, the two entities will better serve their membership and act as a single voice and organizing force for current and potential solar developers, investors and lenders.
Valuation Issues for the Clean Energy and Power Industry, Municipal Bankruptcy and Restructuring in...
Leading bankruptcy professionals and dealmakers will converge at “VALCON 2017: Emerging Valuation Issues in Bankruptcy and Beyond,” taking place at the Four Seasons Hotel in Las Vegas March 1-3, 2017. Sponsored by the American Bankruptcy Institute, the Association of Insolvency & Restructuring Advisors and the University of Texas School of Law, the conference will feature up to 14.5/15.5 hours of CLE/CPE credit, including 1 hour of ethics, with the opportunity to take part in special valuation fundamentals and technical valuation breakout program tracks.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 4th quarter activity in the National Net Lease Market.
U.S. Energy Secretary Ernest Moniz, U.S. Congressman Chuck Fleischmann and City of Oak Ridge Mayor Warren Gooch formalized an agreement to transfer the Department of Energy’s (DOE) American Museum of Science and Energy (AMSE) building, along with its 17.12-acres, to the City of Oak Ridge