EastGroup Properties Acquires Three Building Complex in San Diego for $17 Million
Jackson, MS - January 29, 2010 - (RealEstateRama) -- EastGroup Properties (NYSE-EGP) today announced the acquisition of the Ocean View Corporate Center in San Diego, California for a purchase price of $17,000,000. Located in the Otay Mesa submarket, Ocean View contains 274,000 square feet in three, multi-tenant business distribution industrial buildings. Constructed in 2005, the complex is presently 87% leased to 14 customers. Ocean View is projected to generate an annualized yield of 9.6% at its current occupancy and rents.Full article: EastGroup Properties Acquires Three Building Complex in San Diego for $17 Million ...
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- HUD AND THE NATIONAL FAIR HOUSING ALLIANCE LAUNCH MEDIA CAMPAIGN TO FIGHT HOUSING DISCRIMINATION
WASHINGTON, DC - February 22, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the National Fair Housing Alliance(NFHA) announced today the launch of a new series of radio and print public service advertisements (PSAs). The advertisements are designed to teach individuals and families how to recognize and report discrimination in housing because of race, color, sex, religion, national origin, familial status and disability, including discrimination in mortgage lending because of issues related to pregnancy and/or parental leave.
- NMHC/NAA Commend Regulators For Advocating a Separate Multifamily Solution In Housing Finance Reform
WASHINGTON, D.C. - February 22, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) released a strategic plan for the future of the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac today. The following is a statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) by Cindy Chetti, NMHC Senior Vice President of Government Affairs:
- Mayor Vincent C. Gray Focusing Resources on Affordable Housing
WASHINGTON, D.C. - February 22, 2012 - (RealEstateRama) -- WHAT/WHO: Mayor Vincent C. Gray, Congresswoman Eleanor Holmes Norton, Council Chair Kwame R. Brown, Ward 7 Councilmember Yvette Alexander and other government officials will break ground on The Nannie Helen at 4800, a mixed-use development featuring 71 affordable-housing units on Nannie Helen Burroughs Avenue NE.
- Survey Shows Majority Want to Buy Homes
Destin, FL - February 22, 2012 - (RealEstateRama) -- A large majority of respondents to a new Housing Predictor survey said they want to buy their first home or purchase another home, indicating that pent-up demand is growing in the U.S. housing market, despite the decline in home values throughout the majority of the country.
- Branstad, Reynolds encourage those affected by Missouri River flood to seek Iowa rental housing relief
DES MOINES, MO - February 21, 2012 - (RealEstateRama) -- Gov. Terry Branstad and Lt. Gov. Kim Reynolds today remind those affected by the Missouri River Flooding that affordable Iowa rental housing is available to them. In December the Internal Revenue...
- HUD ANNOUNCES $108 MILLION IN INDIAN HOUSING BLOCK GRANTS
WASHINGTON, DC - February 21, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced $108 million in additional Indian Housing Block Grant (IHBG) allocations to 68 tribes in 19 states. Thesefunds are distributed each year based on a formula to eligible Indian tribes or their tribally designated housing entities for a range of affordable housing activities.
- CONSTRUCTION EMPLOYMENT BELOW PEAK LEVELS IN 329 OUT OF 337 METRO AREAS WHILE VITAL FEDERAL INFRASTRUCTURE MEASURES LANGUISH
WASHINGTON, D.C. - February 21, 2012 - (RealEstateRama) -- Construction employment remains below peak levels in 329 out of 337 metro areas, according to a new analysis released today by the Associated General Contractors of America. Given the continued weakness in construction employment, the association urged Congress to pass years-late infrastructure measures, including legislation to fund highway, transit and aviation construction work.
