Archives
NCRC Calls for Senate Confirmation of Mel Watt
WASHINGTON, D.C. - June 27, 2013 - (RealEstateRama) -- In anticipation of today's confirmation hearing, the National Community Reinvestment Coalition called for the confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA).
Mortgage Broker Targeting U.S. Servicemembers Will Pay Record $7.5 Million to Settle Alleged Telemarketing...
WASHINGTON, D.C. - June 27, 2013 - (RealEstateRama) -- The FTC infographic “10 Years of Do Not Call,” which shows a timeline of the registry’s popularity and development, cases brought against violators, and results in efforts to protect consumers.
USGBC, Architects Commend Mayors for Renewing Commitment to Green Building and Sustainability
Las Vegas - June 26, 2013 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) and the American Institute of Architects (AIA) this week commended the U.S. Conference of Mayors (USCM) for passing a slate of sustainability resolutions that renew its commitment to local green building and clean energy efforts that help spur economic savings and protect the environment
Architects, USGBC Commend Mayors for Renewing Commitment to Green Building and Sustainability
Las Vegas, NV - June 25, 2013 - (RealEstateRama) -- The American Institute of Architects (AIA) and the U.S. Green Building Council (USGBC) this week commended the U.S. Conference of Mayors (USCM) for passing a slate of sustainability resolutions that renew its commitment to local green building and clean energy efforts that help spur economic savings and protect the environment.
Thompson | Dorfman Partners Hires Christopher C. Young as Senior Director of Construction
MILL VALLEY, CA - June 19, 2013 - (RealEstateRama) -- Thompson | Dorfman Partners, LLC, a developer, owner and manager of multifamily real estate, announced today that Christopher C. Young has been named senior director of construction. Young joins Gillian Sutton Cho, who was recently named vice president of development.
Fannie Mae Prices $1.02 Billion Multifamily DUS REMIC (FNA 2013-M9) Under Its Fannie Mae...
WASHINGTON, D.C. - June 17, 2013 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) priced its sixth Multifamily DUS® REMIC in 2013 totaling $1.02 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program on June 12, 2013.
Auction.com Research Launches New Web Page
WASHINGTON, D.C. - June 13, 2013 - (RealEstateRama) -- The Auction.com Research Center, which is located at http://www.auction.com/real-estate-research/, provides a range of publicly-accessible macro reports and specific analyses of key residential and commercial markets. It also offers the ability to order additional reports across all markets for both residential and commercial real estate.
Hanley Investment Group Sells Multi-Tenant Shopping Center in Atlanta MSA for $7,785,000
IRVINE, CA - June 10, 2013 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the United States and a market leader in the sale of retail properties, announced today that Kevin T. Fryman, William B. Asher and Edward B. Hanley represented the buyer and seller in the sale of Barrett Creek Plaza in Marietta, Georgia. The purchase price was $7,785,000, which represented a 7.78% capitalization rate.
The Boulder Group Publishes Net Lease Bank Ground Lease Research Report
Northbrook, IL - May 17, 2013 - (RealEstateRama) -- The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Bank Ground Lease Market.
The Boulder Group Arranges the Sale of an $2.3 Million Single Tenant Net Leased...
Northbrook, IL - May 8, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a net leased Home Depot office building located at 2951 Kinwest Parkway, Irving, Texas for $2,230,000.
REO-to-Rental Neighborhood Rankings From DataQuick
SAN DIEGO - April 22, 2013 - (RealEstateRama) -- During the housing downturn, different neighborhoods across the United States experienced different levels of distress. The same is true in recovery. As a result, it is important to understand neighborhood-level general and distressed property trends in order to make sound REO-to-Rental investments
CUSHMAN & WAKEFIELD AWARDED DISPOSITION OF 628 UNIT MULTIFAMILY PROPERTY LOCATED IN MERRILLVILLE, IN
CHICAGO, IL - April 19, 2013 - (RealEstateRama) -- Cushman & Wakefield of Illinois, Inc. (C&W) announces it has been awarded the exclusive marketing assignment for the sale of Summer Wood Apartment Homes, a 628 unit property located at 8300 Polo Club Drive, Merrillville, IN, by LCOR, Inc. based in Berwyn, PA. Bill Montana and Chris Sackley, multifamily specialists in C&W’s Midwest Capital Markets Group, will lead the marketing effort on behalf of LCOR.
C&W ANNOUNCES SALE OF ADAPTIVE REUSE APARTMENT BUILDINGS LOCATED IN SOUTH BEND, IN
CHICAGO, IL - April 19, 2013 - (RealEstateRama) -- Cushman & Wakefield’s Midwest Multifamily Advisory Group is pleased to announce the sale of Central High and Stephenson Mill Apartments in South Bend, Indiana on behalf of a Fortune 500 company to Denver, CO based Forum Real Estate Group
Kennedy Wilson Acquires 188-Unit Apartment Community in Northern California for $34M
BEVERLY HILLS, CA - April 16, 2013 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the acquisition of Montelena Apartments, a 188-unit multifamily community in Hayward, CA, from a private investment group. The company and its investment partners purchased the property for $34 million, investing $11 million of equity in the transaction (including $6 million from Kennedy Wilson) and placing approximately $27 million of fixed rate financing with Freddie Mac through CBRE Capital Markets at 3.5% for ten years.
Department of Justice FY 2014 Budget Request
WASHINGTON, D.C. - April 11, 2013 - (RealEstateRama) -- President’s Request Identifies Savings and Efficiencies, Sustains National Security Programs, Strengthens Efforts to Promote Gun Safety, Increases Enforcement of Cyber Security, Financial and Mortgage Fraud, and Immigration Laws, Invests in Protecting Civil Rights, Increases the Capacity for Prisons and Detention, and Enhances State, Local and Tribal Support
Log Homes Council Celebrates National Log Home Open House Month
Washington, D.C. - April 9, 2013 - (RealEstateRama) -- Once raised on “Bonanza,” and “Gunsmoke,” today Baby Boomers in record numbers are building dream homes made from logs. Boomers are drawn to these rustic residences because they offer a sense of sanctuary and a connection to nature that no stick frame home can duplicate
Vacation Home Sales Continued To Rise in 2012, With Median Sales Price Up For...
AUSTIN, TX - April 8, 2013 - (RealEstateRama) -- The market for vacation home sales in 2012 showed continued signs of strength, with a 10% increase in sales from the prior year and a 24% increase in the median sales price, the first rise in three years, according to the 2013 Investment and Vacation Home Buyers Survey by the National Association of Realtors® (NAR)
Homelessness Down for Vets and Chronically Homeless, but Budget Cuts Threaten Investments that Led...
WASHINGTON, D.C. - April 8, 2013 - (RealEstateRama) -- In spite of declines in incomes and affordable housing, federal investments in smart strategies have led to significant declines in chronic and veteran homelessness. However, worsening economic and housing indicators threaten progress. And recent budget cuts could mean less investment in solutions that have led to declines in homelessness, like permanent supportive housing for chronically homeless individuals and homeless assistance funding for communities.
NJBA CEO Timothy Touhey Resigns – Accepts Position with Investors Bank
Hamilton, NJ - April 8, 2013 - (RealEstateRama) -- The New Jersey Builders Association (NJBA), the voice of New Jersey’s building industry, announced today that Timothy J. Touhey, CEO, resigned effective April 12. He has accepted a position as Senior Vice President with Investors Bank beginning on May 6
NMSC reports strong 2012 investment activity to revitalize commercial corridors in low-income neighborhoods
CHICAGO, IL - March 29, 2013 - (RealEstateRama) -- New Markets Support Company (NMSC) invested $91 million during 2012 and helped create more than 1,900 jobs by utilizing the federal New Markets Tax Credit program to spur redevelopment of blighted areas.
