Wednesday, December 18, 2024

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Freddie Mac Guarantees Second Multifamily Small Balance Loan Securitization

Freddie Mac (OTCQB: FMCC) today announced that it will guarantee its second series of SB Certificates, which are backed by multifamily small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $109 million in SB Certificates (SB2 Certificates), which are anticipated to price the week of August 24, 2015, and settle on or about August 28, 2015.

Hanley Investment Group’s Eric Wohl Negotiates Sale of 75,000 SF Anchored Shopping Center for...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, is pleased to announce that Executive Vice President Eric Wohl represented the seller in the sale of the Shops at Barnes Crossing, a 75,000-square-foot neighborhood shopping center anchored by Bed Bath & Beyond, Dollar Tree, and David' s Bridal in Tupelo, Mississippi. The purchase price was $8,725,000, representing one of the lowest cap rates in the state of Mississippi for this type of retail property. The cap rate was 8.20%

Q2 2015 Loan Origination Report

RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q2 2015 U.S. Residential Loan Origination Report, which shows that 1,950,267 loans were originated on single family homes and condos in the second quarter, up 22 percent from the previous quarter and up 23 percent from a year ago to the highest level since the third quarter of 2013.

Fixed Mortgage Rates Reverse Course, Move Higher

Freddie Mac (OTCQB: FMCC) today released the results of itsPrimary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates reversing course and nudging higher for the first time in four weeks.

Energy-Efficient Solutions Help Carnegie Hall Secure LEED Silver Certification

Carnegie Hall, the nearly 125-year old iconic New York City music venue, today announced its award of a Leadership in Energy and Environmental Design (LEED) Silver Certification from the U.S. Green Building Council, making it one of the oldest and most notable buildings to achieve such distinction. This milestone was achieved in part through a close collaboration with Siemens, which was enlisted as one of Carnegie Hall's technology partners to modernize almost 165,000 square feet of non-performance space.

The Boulder Group Arranges Sale of Net Leased OfficeMax Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant OfficeMax property located at 200 Riverside Drive in East Peoria, IL for $2,800,000. The 1.86 acre OfficeMax property is centrally located within Peoria’s primary retail area that is anchored by Bass Pro Shops, Walmart Supercenter, Lowe’s, Costco, Target, Kohl’s and Gordmans

Consumers Energy Names New Lakeshore Area Manager

A Muskegon County native who has served in a variety of West Michigan public sector leadership roles has joined Consumers Energy as its new lakeshore public affairs area manager.

C&W Announces Nearly 400,000 SF in June Transactions

Cushman & Wakefield today released its June 2015 transaction report documenting nearly 400,000 square feet of commercial real estate transactions. The details of these transactions can be found below.

Planet Home Living Announces the First Phase of New Homes Now Selling in Popular...

Planet Home Living has just announced the highly anticipated first phase release at its newest neighborhood in Eagle Rock. PRISM is a limited collection of 15 single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles. The initial offering includes five homes with prices starting at $640,000. Planet Home Living collaborated with award-winning national architecture firm KTGY Architecture + Planning to achieve its sleek, modern design.

Landzilla.com Announces the Launch of Their New Website Offering Recreational Land for Sale

Local business Landzilla.com is pleased to announce the launch of their new full-service website, which offers listings of affordable parcels of recreational land for sale throughout the United States. The website allows customers to shop for land by state, type of land desired, or pricing, and is live and fully operational immediately.

New Institute Workshop Series Focuses on Improving Cybersecurity of DoD Facilities

Over the past several years, the nation’s communities have seen an increasing shift to “smart buildings” that use internet-enabled wireless technology to control building-related systems. Such trends also are being seen in U.S. military facilities. In early 2015, following the release of a Government Accountability Office (GAO) report that called attention to building-related cyber risks, the House Armed Services Committee approved legislative language requiring the U.S. Department of Defense (DoD) to perform a cyber-vulnerability study as part of its fiscal year 2016 defense authorization bill.

RE/MAX Selects Camp + King as Ad Agency

Global real estate franchisor, RE/MAX, has selected Camp + King to lead the creative execution of its advertising and integrated marketing efforts in 2016. The San Francisco-based advertising agency won the job after an extensive selection process and has already begun initial design work for the new campaign.

On Aug. 11 (8-11), Consumers Energy Reminds Homeowners to Call MISS DIG in Advance...

With damages up nearly 20 percent in 2015, Consumers Energy remindsdo-it-yourself homeowners that August 11 (8-11) should provide an important reminder to call MISS DIG at 8-1-1 to have underground utilities marked at no cost before digging.

NEW EYE ON HOUSING AND THE ECONOMY: Introducing the BuildZoom & Urban Economics Lab...

BuildZoom, the intelligent marketplace for remodeling and construction services, launched today The BuildZoom & Urban Economics Lab Index, a new set of residential construction and remodeling indices. The Index shows that in contrast to the tepid recovery of new home construction, the remodeling of existing homes has surpassed its pre-crisis level.

Advanta IRA Hosts Popular Nationwide Webinar: The Power of Self-Directed Roth IRAs

A Roth IRA is a retirement account that allows for post-tax contributions, providing tax-free growth of all earnings. Advanta IRA Services is holding a webinar on August 13 for individuals to learn more about how self-directed Roth IRAs can be beneficial in building wealth for retirement.

San Diego Real Estate Expert Comments on Data Predicting Steady Industry Growth Through 2017

According to new data from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate, the results of a three year forecast predict sustained, solid real estate market growth through 2017. The survey included 43 of the real estate industry’s top economists and analysts, representing at least 32 top nationally ranked real estate investment, advisory, and research groups

Coldwell Banker Real Estate and CNET Survey Finds Americans Ready for the Smart Home

The smart home is here to stay. A survey of U.S. adults by Coldwell Banker Real Estate LLC, the original Silicon Valley real estate start-up founded in 1906, and CNET, the world's largest and most trusted online source of consumer technology news and reviews, found that Americans are already embracing the smart home with 28 percent owning at least one smart home product and almost half of Millennials (ages 18 to 34) adopting the technology.

RE/MAX Brokers Set Plans in an Improving Market

Nearly 1,000 top RE/MAX brokers are in Boston for their annual Broker/Owner Conference. Beginning this morning, the conference has a full schedule of events with presentations from company executives and the real estate industry’s leading speakers, coaches and technology gurus.

The Modular Building Institute August 2015 Building of the Month: Mojave Solar Project

The Modular Building Institute (MBI) has recognized Universal Modular Building Solutions’ Mojave Solar Project Administration & Control Buildings as the August 2015 Modular Building of the Month. This project also won first place in the Permanent Special Application category at MBI’s annual Awards of Distinction, which are recognized at the association’s annual conference and expo, World of Modular.

Home Innovation to Study Mineral Fiber Batts Life Expectancy

Home Innovation Research Labs needs samples of exterior wall batt-type materials (excluding acoustical insulation) for a life expectancy research study that will assess the physical condition and thermal property of in situ wall insulation. The research study will include fiberglass and rock wool (stone wool) batts that have been in service for at least 30 years.

Business Real Estate Press Releases

RESO Announces 2025 Board of Directors Election Winners

RESO Announces 2025 Board of Directors Election Winners

The results of the Real Estate Standards Organization (RESO) 2025 Board of Directors election have been announced for five open seats, director appointments and the board’s Executive

Recent Gov & Nonprofit Real Estate Press Releases

NAR

National Association of Realtors® Unveils 10 Top Housing Hot Spots for...

The National Association of Realtors® today announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact