Yearly Archives: 2017

CBRE Executive Vice President, Philip D. Voorhees announced today that he and the National Retail Partners-West (NRP-West), in conjunction with San Diego-based Senior Vice President Reg Kobzi, completed the sale of Riverdale Shopping Center, a neighborhood retail center in the submarket of Mission Gorge of San Diego, anchored by CVS/pharmacy, along with a synergistic mix of food, service and retail co-tenancy. The sale price was $10.1 million.

FBS, creators of the industry-leading Flexmls® System and Spark Platform, announce acquisition of Solid Earth’s Spring software platform and the hiring of the Spring team. The trio of the Spring® Portal, the Spark® API, and the Flexmls® System creates a new, powerful platform that puts MLSs, brokers, and agents in full control of their data and brand to clearly and beautifully showcase their unique value propositions to their client-bases on both web and mobile platforms.

A longtime fugitive was named today in a nine-count indictment that alleges he participated in a $9 million loan fraud scheme that targeted Wells Fargo Bank. Napoleon Olarte, 40, who is believed to be in Venezuela after fleeing the United States approximately eight years ago, was indicted late this afternoon by a federal grand jury.

The House passed bipartisan legislation on Friday that protects consumers’ ability to become homeowners and access affordable housing. Manufactured housing serves as an affordable housing option for roughly 22 million Americans and represents the largest form of unsubsidized affordable housing in the nation.

The Subcommittee on Water, Power and Oceans held a legislative hearing on H.R. 4419, the “Bureau of Reclamation and Bureau of Indian Affairs Water Project Streamlining Act.” Introduced by Rep. Dan Newhouse (R-WA), the bill seeks to streamline and expedite water infrastructure development across the West by requiring future studies to adhere to reasonable timelines and other accountability measures.

According to the Congressional Budget Office, the Republican tax bill would trigger the “Statutory Pay-As-You-Go Act” of 2010. This Act was designed to limit increases to the national debt by forcing automatic cuts to critical programs, including those that help low income families meet their basic needs. If enacted, the Republican tax bill would trigger automatic cuts to the national Housing Trust Fund (HTF), a program that makes rental homes affordable for people with the greatest and most acute housing needs.

The National Association of Home Builders' (NAHB) Building Systems Councils (BSC) and the Log and Timber Homes Council bestowed 28 awards to systems-built industry manufacturers and home builders during its annual Building Systems Housing Summit held in Hershey, Pa. The 2018 BSC Jerry Rouleau Awards for Excellence in Marketing and Home Design were awarded to BSC members who demonstrated high achievement in home construction and marketing.

Second Century Ventures, the strategic investment arm of the National Association of Realtors®, is now accepting applications for its 2018 REach® accelerator. Applications for the 2018 program will be accepted through January, 31 2018

Construction employment increased in 243 out of 358 metro areas between October 2016 and October 2017, declined in 59 and stagnated in 56, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said the best way to ensure metro areas continue to add construction jobs is to treat small and medium-sized employers more fairly and include new infrastructure funding as part of federal tax reform

The U.S. Environmental Protection Agency (EPA) has awarded Utah approximately $15.6 million for clean water and drinking water projects in communities across the state.  EPA is providing $7 million for the state’s clean water revolving loan fund and $8.6 million for its drinking water revolving loan fund to support key infrastructure projects, including new and upgraded wastewater and drinking water plants.  These projects will ensure clean drinking and surface water, better serve residents, increase efficiency and reduce pollution.

Expert speakers, multiple educational sessions, informative keynotes, entertaining networking opportunities and career-building continuing education credits…all taking place at Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference and Expo, January 8-11, 2018, in Washington, D.C. Don’t pay full price to be part of four activity-packed days

The Housing and Insurance Subcommittee met today to assess the role of the Government National Mortgage Association – commonly referred to as “Ginnie Mae” – as members continued to examine the need to reform the U.S. housing finance system.

On Thursday, November 30, at 11 am, Mayor Muriel Bowser will be joined by Ward 1 Councilmember Brianne Nadeau and Brian Kenner, Deputy Mayor for Planning and Economic Development (DMPED), to break ground for The Wren at 965 Florida Avenue, NW. The Wren, which is led by DMPED, is a mixed-use, mixed-income development that will produce more than 430 apartment units, including 132 units of affordable housing, and a new Whole Foods Market grocery store.

International award-winning firm KTGY Architecture + Planning announced today that the new mixed-use residential community at 360 5th Street in San Francisco, developed by Trammell Crow Residential (TCR) and designed by KTGY, was recently approved by the planning commission. The new $95 million development located in San Francisco’s SoMa (South of Market Street) district includes 127 apartment homes and over 9,300 square feet of retail and creative workspace on .53 acres.

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 Medical Market.

Agriculture Secretary Sonny Perdue today announced the award of two grants to help rural water and sewer utilities recover from recent and future natural disasters. “USDA is a strong partner in the long-term recovery of rural communities after a season of devastating hurricanes,” Perdue said.

David H. Stevens, President and CEO of the Mortgage Bankers Association, released the following statement regarding a provision (Section 13221 ) in the Senate Tax Reform Bill that would require any item of income that an accrual taxpayer recognizes for accounting purposes, including mortgage servicing rights, also be recognized for tax purposes

Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference & Expo, to be held January 8-11, in Washington, D.C., is a great way to earn continuing education units (CEUs) while hearing from a diverse group of speakers. This is the industry’s only all-inclusive Conference where members of the entire building community come together to connect, collaborate and create solutions that benefit the built environment.