Yearly Archives: 2017

Associated Builders and Contractors (ABC) today announced three finalists for its annual Young Professional of the Year Award. This year’s list includes a technology-driven electrician, a business owner who builds dreams and saves lives and an attorney who fights for equality in construction. The 2017 finalists were chosen based on their career achievement, leadership and vision for the future of the commercial and industrial construction industry.

Capital Impact Partners and Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly”) today jointly announced the launch of a new $25 million joint venture dedicated to supporting community development in underserved cities across the country. An innovative structure in the mortgage REIT sector, the collaboration provides direct financing for socially responsible projects in low-income communities while simultaneously enabling Capital Impact’s ability to further expand its work nationally.

Overall construction spending increased between September 2016 and September 2017 as growing private-sector residential demand continues to offset annual declines in public-sector investments in infrastructure and other projects, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged members of Congress and the Trump administration to include new funding for roads, bridges, clean water and other important infrastructure as part of any new tax reform measure

Severely lacking inventory levels across the country pinched sales growth and kept home prices rising at a steady clip in nearly all metro areas in the third quarter, according to the latest quarterly report by the National Association of Realtors®.

The U.S. General Services Administration (GSA) and U.S. Department of Energy (DOE) issued a joint Request for Information (RFI) today for next-generation building technologies that have the potential to improve the operational efficiency of federal and commercial buildings, and provide a solid return on investment.

Shocking news reports and videos of nursing homes in crisis after recent hurricanes have tens of millions of Americans all asking the same question: Just how safe are America’s nursing homes? AARP takes on the question in the November issue of the AARP Bulletin, with a special report that provides need-to-know insights on how the industry operates today, how it plans for emergencies, new regulations that will affect future safety, growing competition, and how the industry must evolve to serve roughly 1.4 million of America’s frailest citizens.

There is a recent emergence of businesses that are centered around Airbnb, businesses that's purposes are to make the lives of hosts easier. The businesses aim to do this by automation, outsourcing, and increasing possibilities. Recently, there have been two companies in particular that have been making advancements in the industry.

Santander US CEO Scott Powell today announced Santander’s “Inclusive Communities” plan, Santander Bank’s new $11 billion, agreement with the National Community Reinvestment Coalition (NCRC) to increase lending, community development, and charitable giving. The plan outlines Santander’s commitment to communities across its eight-state northeastern U.S. footprint for 2017 through 2021, during which time Santander will increase its Community Reinvestment Act (CRA) activity by 50 percent and triple its investment in charitable grants.

Construction employment increased in 250 out of 358 metro areas between September 2016 and September 2017, declined in 56 and stagnated in 52, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that continued strong demand for construction is placing new strains on an already tight construction labor market

The Federal Trade Commission has obtained a court order against two men for their roles in an alleged scheme that lured consumers with fake rental property ads and deceptive promises of “free” credit reports into signing up for a costly credit monitoring service. The two settling defendants will pay a total of $762,000 to resolve the agency’s claims.

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 Jeremy McChesney has completed the sale of a single-tenant CVS/pharmacy with a drive-thru at 9407 E. Park Avenue in Houma, the largest city in Terrebonne Parish, Louisiana. The purchase price was $3,350,000.

CoreLogic®(NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced the launch of a new Matrix™ system that will serve the Ontario Collective, a group of 13 real estate boards and associations in Ontario. Used by approximately 750,000 real estate professionals across North America, Matrix by CoreLogic is the industry’s leading multiple listing platform

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the recent activity in the National Net Lease Drug Store Market.

International award-winning firm KTGY Architecture + Planning announced today that AVA NoMa in Washington, D.C., was honored by Delta Associates at the firm’s 21st Annual Washington/Baltimore Multifamily Market Overview & Awards for Excellence program. AVA NoMa won “Best Washington/Baltimore High-Rise Apartment Community.”

International award-winning firm KTGY Architecture + Planning is proud to announce its participation in the first affordable housing communities for low-income families in Irvine’s master planned community of Great Park Neighborhoods, which celebrated its grand opening on October 27, 2017. Luminaira at Parasol Park was developed by FivePoint Holdings, LLC, Related California and RCC Charitable (Riverside Charitable Corporation). Espaira at Parasol Park was developed by FivePoint, Related, and ETHIC Housing Trust (El Toro Housing Initiative Collaboration).

Despite solid interest in buying a home – sparked by steady job gains, record low mortgage rates and higher rents – the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time buyers out of the market.

Had plans to nominate a cutting-edge project for a 2017 Beyond Green™ High-Performance Building and Community Awardbut didn’t have enough time? The National Institute of Building Sciences has extended the deadline for entries. Don’t miss the chance to recognize those buildings, initiatives and innovations that are influencing, informing and inspiring the high-performance planning, design, construction and operations processes.

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the tax plan that will be put forth by Republican members of the House Ways and Means Committee

CoreLogic®(NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced it has successfully converted 46 data recipients of the Central Texas Multiple Listing Service (CTXMLS) to Trestle™. CTXMLS is a regional service provider operated by five REALTOR®associations with approximately 3,600 members.

Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), released the following statement on the U.S. House of Representatives today adopting a Senate budget resolution, which preserves the path to tax reform