MINNEAPOLIS, MI - November 24, 2010 - (RealEstateRama) -- United Properties announces that the Ford Center* has signed a lease with HGA Architects and Engineers for 80,000 sq. ft. in its historic office building in the Minneapolis Warehouse District. To ready the Ford Center for 2011 renovations, United Properties also recently received historic renovation design approval from the National Park Service and the Minneapolis Heritage Preservation Commission, and approval for a building addition from the City of Minneapolis Planning Commission.
CONSTRUCTION EMPLOYMENT EXPANDS IN 29 STATES BETWEEN SEPTEMBER AND OCTOBER AS INDUSTRY’S EMPLOYMENT SITUATION...
WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- Construction employment expanded in 29 states between September and October, while fewer people are working in construction compared to last year in 39 states, the Associated General Contractors of America reported in an analysis of state employment data released today by the Labor Department. The new figures continue a nearly year-long trend of ups and downs in construction employment as the industry performs stimulus-funded work yet grapples with broad market uncertaint
Washington, DC - November 23, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.49 percent based on loans closed in October. This is a decrease of 0.06 percent from the previous month.
WASHINGTON, DC - November 22, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today unveiled a new website that consolidates a wide variety of economic and housing market data at the regional, state, metropolitan area and county levels. Using data from the Census Bureau, Labor Department, State and Local governments, housing industry sources, as well as HUD’s own field economists, the new website employs interactive maps that allow visitors to access a variety of reports – from a region-wide look at employment and housing activity to individual county-level figures on population trends, rental activity and vacancy rates.
Philadelphia Hosts 14th National Brownfields Conference at Pennsylvania Convention Center April 3-5, 2011
WASHINGTON D.C.- November 22, 2010 - (RealEstateRama) -- More than 6,000 environmental and economic development officials, finance and insurance providers, risk managers, planners, attorneys, civil engineers and students are expected to attend the U.S. EPA co-sponsored National Brownfields Conference, April 3-5, 2011, at the Pennsylvania Convention Center in Philadelphia.
WASHINGTON, DC - November 22, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the November edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard). The latest housing figures show continued signs of stabilization in house prices and high home affordability due in part to record low mortgage interest rates. The housing scorecard is a comprehensive report on the nation’s housing market.
VICE PRESIDENT BIDEN ANNOUNCES NEW INITIATIVES TO HELP HOMEOWNERS, VETERANS, AND WORKERS ACCESS LEGAL...
WASHINGTON, DC - November 22, 2010 - (RealEstateRama) -- At a Middle Class Task Force event today, co-hosted by the Department of Justice’s Access to Justice Initiative, Vice President Biden announced a series of steps designed to help middle class and low-income families secure their legal rights. These actions include strengthening foreclosure mediation programs, helping veterans secure the legal help they need, and making it easier for workers to find a qualified attorney when they believe their rights have been violated.
Four Outstanding Developments Receive Jack Kemp Workforce Housing 2010 Models of Excellence Award from...
WASHINGTON, DC - November 19, 2010 - (RealEstateRama) -- Exemplary achievements in the development of workforce housing are being celebrated tonight by the Urban Land Institute (ULI) Terwilliger Center for Workforce Housing. Four developments --33Comm in Chestnut Hill, Mass.; Capitol Quarter: Phase 1 in Washington, D.C.; Fire Clay Lofts in Denver; and Miller’s Court in Baltimore have been selected as the winners of the ULI Terwilliger Center’s Jack Kemp Workforce Housing Models of Excellence Awards.
NORFOLK, VA - November 19, 2010 - (RealEstateRama) -- Erica Campbell, former senior manager of new media marketing for For Rent Media Solutions, a leading resource for searching apartments nationwide and a division of Dominion Enterprises, has been promoted to director of marketing. As director of marketing, Campbell will oversee business to consumer marketing initiatives for For Rent Media Solutions and its sister site
Washington, DC - November 19, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has announced that, under terms set forth in a recently-enacted Congressional continuing resolution (Public Law Number 111-242), the maximum conforming loan limits for mortgages originated in the first nine months of 2011 will remain unchanged from existing loan limits for 2010 originations. Those limits are generally $417,000 but can be as much as $729,750 in certain high cost areas in the contiguous United States. The maximum loan limits for counties across the United States can be found here (130 pages)
ST. THOMAS, USVI - November 19, 2010 - (RealEstateRama) -- As many Virgin Islanders were affected by recent floods caused by heavy rainfall, officials from the Federal Emergency Management Agency (FEMA) urge citizens to take steps to lessen damages in future flooding events
RE/MAX Commercial Forges Strategic Alliance with GreenPoint Partners to Deliver Sustainability Solutions for Commercial Real Estate. Denver, CO - November 19, 2010 - (RealEstateRama) -- RE/MAX Commercial® has joined the GreenPoint Network, an alliance for real estate firms dedicated to helping clients achieve profitable sustainability.
WASHINGTON, D.C. - November 19, 2010 - (RealEstateRama) -- Today NeighborWorks America, the nation’s leading trainer of community development professionals, announced that it intends to add five new e-learning courses to its roster of courses offered through the NeighborWorks online learning center in 2011.
WASHINGTON, DC - November 19, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the November edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard). The latest housing figures show continued signs of stabilization in house prices and high home affordability due in part to record low mortgage interest rates. The housing scorecard is a comprehensive report on the nation’s housing market
Los Angeles, CA - November 18, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that Mark Fewin has been promoted to Executive Managing Director and Global Leader of Project Management Services, effective January 1, 2011. Mr. Fewin succeeds Ken Loeber, who was named to Global Leader of Business Development for CBRE’s Global Corporate Services business line
BUILDING PERFORMANCE AND OCCUPIER SATISFACTION EXPECTED TO PRODUCE IMPROVED RETURN ON GREEN BUILDING INVESTMENTS
Chicago, IL - November 18, 2010 - (RealEstateRama) -- Sustainable buildings are expected to generate stronger investment returns than traditionally managed properties, according to an ongoing study of a national office portfolio managed by CB Richard Ellis. The study found that owners of sustainably managed buildings anticipate a 4% higher return on investment than do owners of traditionally managed buildings, as well as 5% [more] increase in building value. Roughly 79% of owners surveyed believe that sustainable properties perform well in attracting and retaining tenants, yielding a 5% increase in building occupancy and 1% increase in rental income.
WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as interest rates dipped below 5 percent for the first time since the series was first compiled nearly two decades ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released today.The HOI indicated that 72.1 percent of all new and existing homes sold in the third quarter of 2010 were affordable to families earning the national median income of $64,400. The index for the third quarter almost equaled the record-high 72.5 percent set during the first quarter of 2009 and marked the seventh consecutive quarter that the index rose above 70 percent. Until 2009, the HOI rarely topped 65 percent and never reached 70 percent.
CHICAGO, IL - November 18, 2010 - (RealEstateRama) -- The U.S. Green Building Council’s (USGBC) Greenbuild International Conference & Expo officially started this morning in Chicago as retired Gen. Colin Powell addressed a crowd of 10,000 in the opening keynote hall with a message of leadership and optimism for the future. Powell presented the Greenbuild 2010 opening keynote address at a plenary session that also included a discussion between political pundits Mary Matalin and James Carville and remarks from USGBC President, CEO and Founding Chair Rick Fedrizzi.
WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improves and household formations return to trend levels, according to a special study by economists at the National Association of Home Builders.The report, "Extent of Underbuilding in the Single-Family Housing Market," finds that there was an excessive amount of single-family building from 2003 through 2005, but overbuilding largely ended by 2006 and the subsequent downturn was severe enough to more than offset those annual surpluses. This year is likely to add to the growing deficit of single-family homes by another one million units, the report finds.
Energy Star Building Registry Now Available On Mobile Phone Application Offered Through the Urban...
CHICAGO, IL - November 17, 2010 - (RealEstateRama) -- A national listing of energy efficient commercial buildings in the United States that are included in the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR program is now available on a new mobile phone application offered by LessEn, an Urban Land Institute (ULI) initiative to help lessen energy consumption in commercial buildings around the globe