Yearly Archives: 2016
DEKEL CAPITAL ARRANGES $13 MILLION NON-RECOURSE BRIDGE FINANCING FOR DTLA PARKING STRUCTURE
Bridge loan term will allow property to complete lease-up. Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market and large-scale commercial real estate developers and investors, has arranged a $13 million non-recourse bridge loan on a 14-level, Class-A parking structure in Downtown Los Angeles
Capital Pacific Sells Aspen Dental in Olean, New York
Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor
San Luis Obispo Celebrates Grand Opening of New ROEM Affordable Apartments
On Thursday, September 8, 2016, the City of San Luis Obispo celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). The grand opening celebration was held at 1:00 p.m. at 309 South Street, San Luis Obispo, CA 93401
Randy Blankstein, President of The Boulder Group, to Speak at ICSC N3 Triple Net...
Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker on ICSC’s N3 Triple Net Lease Panel in Chicago on October 19th, 2016. The panel will be held during the ICSC Chicago Deal Marking.
Two Psychologists Plead Guilty in $25 Million Nursing Home-Testing Scheme
Two clinical psychologists pleaded guilty today for their involvement in a fraudulent psychological testing scheme that preyed upon Medicare recipients living in nursing homes throughout the Southeastern United States.
Delta employees to build eight Habitat for Humanity homes in six cities nationwide
Builds include first home in a Habitat development for military veterans in Seattle, two homes funded through recycling initiatives. Delta Air Lines employees from across the country will build or renovate affordable, single family homes in partnership with Habitat for Humanity International this fall.
New Report Calls for Increased Emphasis on Innovation and Clean Electric Power Generation
Ranking Member of the Senate Energy and Natural Resources CommitteeMaria Cantwell (D-Wash.) welcomed the release of a new report from the National Academies of Sciences, Engineering and Medicine on innovation for clean energy.
Executives Charged With Inflating Performance of Real Estate Investment Trust
The Securities and Exchange Commission today charged two former accounting executives with overstating the financial performance of a large publicly-traded real estate investment trust (REIT) then known as American Realty Capital Properties (ARCP) by purposely inflating a key metric used by analysts and investors to assess the company
Tell Jack Young and Carl Stokes: Port Covington development must include good jobs and...
Over the last two weeks, the Public Justice Center and others in the PORT3* coalition have been negotiating with Sagamore Development to ensure that Baltimore City’s proposed $660 million investment in the Port Covington development includes good jobs and affordable housing for Baltimore residents. We have insisted that the deal not hurt school funding, and that both the developer and the City be held to the highest standards of transparency and accountability
New Data Shows 90 Percent of Property Companies and Funds Actively Manage Carbon Emissions
GRESB, the leading data provider for environmental, social and governance (ESG) performance of real assets, today released the results of the 2016 GRESB Real Estate, Developer and Debt assessments. The new data shows that real estate companies and funds are improving across all aspects of ESG performance, including a 1.2 percent reduction in energy consumption, 2 percent reduction in GHG emissions and close to 1 percent reduction in water use and are putting greater focus on occupant health and well-being
USGBC and Second Nature Announce 2016 Winners of Higher Education Climate Leaders Competition
The Center for Green Schools at the U.S. Green Building Council (USGBC), in partnership with Second Nature, announced that Arizona State University and Johnson County Community College have been selected to receive the seventh annual Climate Leadership Awards.
U.S. Builders Seek New Lumber Sources in Chile
U.S. home builders today completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.
HUD and AT&T Join Forces to Narrow the Digital Divide
U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro announced that AT&T is now a national stakeholder in HUD's ConnectHome Initiative, a public-private effort designed to help connect low-income families living in HUD-assisted housing to low-cost internet service.
House Passes Better Way Initiative to Halt Abuse of Power
The House of Representatives passed H.R. 5063, the Stop Settlement Slush Funds Act, legislation authored by House Judiciary Chairman Bob Goodlatte (R-VA) and part of the Better Way plan to restore self-government and the separation of powers. House Speaker Paul Ryan (R-WI) issued the following statement:
The Boulder Group Arranges Sale of Net Lease Starbucks Property
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at N65 W24950 Main Street in Sussex, Wisconsin for $1,075,000. The Starbucks property is located at the intersection of Highway 164 and Main Street on the western edge of the Village of Sussex. The property is shadow-anchored by a highly successful Pick 'n Save grocery store and shares common site access with a North Shore Bank branch. The property benefits from excellent visibility and simple access
Hanley Investment Group Completes Sale of Multi-Tenant Retail Pad to New Walmart Supercenter in...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of a 6,786-square-foot multi-tenant retail pad to a new Walmart Supercenter in Ontario, Calif. The sale price of $5,968,800, representing a cap rate of 5.02% and $880 per square foot, achieves a record low cap rate and the highest price per square foot for a multi-tenant pad building shadow anchored by Walmart in California, according to CoStar.
HUD Properties Available for Homeless Services
In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Sept. 2, 2016, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties in 29 states and Puerto Rico.
Public Hearings This Week on WSSC’s Proposed Capital Improvements Project Budget in Montgomery and...
Public hearings for WSSC’s Proposed Capital Improvements Project Budget (CIP) for Fiscal Years 2018 – 2023 will be held on September 7 and 8, respectively in Montgomery and Prince George’s counties
USDA Awards Grants to Preserve Affordable Rural Housing
USDA Rural Development Under Secretary Lisa Mensah today announced grants to preserve and repair affordable housing for very-low- and low-income families living in rural areas
Builder Electric Rates Reduced by $38 Million as Consumers Energy Retires Classic Seven Coal...
Builder confidence in the single-family 55+ housing market remains in positive territory for the first quarter of 2015, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today. Compared to the previous quarter, the single-family index edged down slightly by one point to 58, which is the fourth consecutive quarter above 50.
