realestate news Siemens enters Memphis market Siemens AG is opening a large assembly and distribution facility in the Memphis area that will bring 150 new jobs and could hasten the return of industrial development.   bizjournals.com   2010-03-15 NCDOT failing to meet targets for maintenance As the N.C. Department of Transportation focuses its reform efforts on improving the way it builds roads, the agency’s own annual report shows that NCDOT isn’t getting the job done in maintaining its existing roads and bridges.   bizjournals.com   2010-03-15 Report: Greensboro needs two more parking facilities A city report says downtown Greensboro needs two more parking decks, but the city council isn’t convinced it needs to move quickly.   bizjournals.com   2010-03-15 Merger planned for two Guilford real estate firms Two of the region’s major commercial real estate firms, NAI Piedmont Triad and Alliance Commercial Property Management, will merge their operations as of March 15, according to company officials.   bizjournals.com   2010-03-15 REIT threatens to stop paying on H.P. showrooms A warning to the SEC by the owner of more than 2 million square feet of furniture showroom space that it would not be covering any shortfalls in payments on the debt on those buildings is a step toward a loan modification, not a sign of imminent default, say officials with New York-based Vornado Realty Trust.   bizjournals.com   2010-03-15 CDOT’s stimulus money nears end of the road The last of the Colorado Department of Transportation’s federal stimulus money — $4.6 million — will go to the estimated $25.7 million reconstruction of the C-470 and Santa Fe Drive junction in Douglas County.   bizjournals.com   2010-03-15 Veteran broker makes the move to San Antonio GVA Cawley office Less than a year after becoming the San Antonio connection for Dallas-based GVA Cawley, real estate veteran Stephen C. Hall has added another longtime player in the local real estate scene to the fold.   bizjournals.com   2010-03-15 Partnership behind brewery rehab files for bankruptcy A plan to turn a former brewery into a hip mix of condominiums and restaurant/retail space appears to have run into a financial speed bump.   bizjournals.com   2010-03-15 Foreclosure roundup RPC Holdings to turn over downtown Miami site to lender An affiliate of Boca Raton-based RPC Holdings plans to turn over a downtown Miami commercial site to its lender following the filing of a foreclosure lawsuit.   bizjournals.com   2010-03-15 ComReal finalizes Doral lease ComReal Miami signed a medical device company to a 25,000-square-foot lease in Doral, and its brokers say that a slew of additional industrial deals are in the works.   bizjournals.com   2010-03-15 Lucky Start project faces foreclosure BankUnited wants to seize two stalled residential projects in southern Miami-Dade County.   bizjournals.com   2010-03-15 Ross Realty CEO named in BankUnited foreclosure The CEO of Davie-based Ross Realty Investments was named in a foreclosure lawsuit against a stalled mixed-use development in Oakland Park.   bizjournals.com   2010-03-15 Woolbright Development hit with foreclosures Woolbright Development has been hit with its fourth and fifth foreclosure lawsuits as KeyBank seeks to repossess its Shops of Boca Grove and its Publix-anchored Sunshine Square in Boynton Beach. (KEY)   bizjournals.com   2010-03-15 Populous puts about 30 Kansas City employees on furlough Populous officials confirmed that 10 percent of the firm’s U.S. work force has been put on a four-month furlough, further proof that the slump in sports-facility development is far from over.   bizjournals.com   2010-03-15 Spolski gets $4.7M hangar contract Orlando Sanford International Airport has awarded a $4.7 million contract to Spolski Construction Co. of Sanford to build a hangar, office and maintenance facility for Avocet Capital LLC.   bizjournals.com   2010-03-15 Bank of America to drop receivership challenge at Kenwood Towne Place Bank of America will drop its challenge to Hank Menninger, the former receiver for Kenwood Towne Place, according to court documents.   bizjournals.com   2010-03-15 Pennwood Commons project set to start second phase Downtown Pittsburgh-based Pennsylvania Commercial Real Estate Inc.’s development of a 100,000-square foot flex-office project in Cranberry Township doesn’t seem so speculative anymore.   bizjournals.com   2010-03-15 The Vue sold at auction for $25.9M The Vue at Lake Eola condominium tower drew a final bid that was $5.4 million more than the minimum at a bankruptcy auction on March 15.   bizjournals.com   2010-03-15 Ward North American leases Dulles building San Antonio-based Ward North American picked Loudoun County as the next place to plant its seventh national location.   bizjournals.com   2010-03-15 Mortgage relief aid reaches few homeowners Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program. Mortgage - Presidency of Barack Obama - United States - President - Business   pheedo.msnbc.msn.com   2010-03-13 Homeowners take ‘cash for keys’ to escape debt Owners of bad loans are increasingly making deals with borrowers to avoid a foreclosure. Lawmakers are more accepting of these solutions even if they mean the borrower loses the home. Foreclosure - Loan - Business - Real estate - United States   pheedo.msnbc.msn.com   2010-03-13 Mortgage help: 170,000 get aid More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program.   rss.cnn.com   2010-03-13 Fairfax's affordable housing plan might not change Tysons Priced out of living in Tysons Corner, many among the 100,000-member workforce have been known to commute from as far as Fredericksburg and Oxon Hill, and even from points in West Virginia.   feeds.washingtonpost.com   2010-03-13 Politics, shaky economy create no rush to restructure Fannie and Freddie The federal government has spent the past half year seeking to roll back its emergency efforts at propping up the financial markets -- with the notable exception of its involvement in mortgage giants Fannie Mae and Freddie Mac.   feeds.washingtonpost.com   2010-03-13 Unlocking mysterious door problem; reducing metal corrosion Our house, which was built in 1998, has three upstairs bedrooms. The door to one bedroom doesn't fully close in the winter, but it works fine in the summer. The door to a second bedroom doesn't close well in the summer, but it works fine in the winter. The third door works fine year-round. What is...   feeds.washingtonpost.com   2010-03-13 Guidelines for new short-sale rules What sellers can expect from participating lenders starting in April:   feeds.washingtonpost.com   2010-03-13 Landover Hills BOUNDARIES: Route 450 to the north, Parkwood Street to the south, 72nd Avenue and the Bellemeadsubdivision to the east and the Radiant Valley subdivision to the west.   feeds.washingtonpost.com   2010-03-13

realestate news Washington area housing market is getting competitive again, buyers and brokers report It's getting competitive out there in the Washington area housing market, according to real estate brokers and buyers. And February market statistics just reported from Metropolitan Regional Information Systems, the local multiple listing service, back up their reports.   feeds.washingtonpost.com   2010-03-13 Some tax issues to consider on mortgage write-downs With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance. The IRS gets involved in...   feeds.washingtonpost.com   2010-03-13 Lender blames escrow shortage for $400 increase in monthly mortgage payment Q: We have owned our house for many years, and the lender has always escrowed money to pay our real estate taxes and insurance. This year, we received a notice from the lender that our monthly mortgage payment will increase by over $400 because there is an escrow shortage. Can we cancel the escrow...   feeds.washingtonpost.com   2010-03-13 How to paint and protect steps DEAR TIM: I stopped by a friend's house the other day as she was painting the wood steps leading to her basement. She was using a stencil, and it looked fantastic. What's the best paint for steps? How do you keep the steps from getting scuffed? -- Pam W., Green Bay, Wis.   feeds.washingtonpost.com   2010-03-13 Affordable housing needs some public funding Fairfax County aspires to greatly increase the amount of affordable housing at Tysons Corner for workers who now must commute there from afar, consuming time and fossil fuel while contributing to traffic congestion. But this newspaper reported recently that achieving Tysons's affordable housing...   feeds.washingtonpost.com   2010-03-13 Mortgage interest rates down for second week as home loan applications rise Mortgage interest rates declined for a second consecutive week as the number of home loan applications rose.   feeds.washingtonpost.com   2010-03-13 Expenses incurred buying a house can be a risk I tried to buy a house. I applied for a loan, and the bank processed it as a Federal Housing Administration loan instead of a conventional loan. The house I was buying failed the FHA inspection, and I did not buy it.   feeds.washingtonpost.com   2010-03-13 Green Scene: Pruning tips, groundhog repellent and other gardening advice As daylight saving time begins this weekend, it's a reminder that spring is just around the corner. So we have an assortment of questions that spans the winter-spring boundary.   feeds.washingtonpost.com   2010-03-13 Steven Pearlstein reviews 'The Big Short' by Michael Lewis "The Blind Side" and "Moneyball" author Michael Lewis turns his attention to the U.S. financial crisis.   feeds.washingtonpost.com   2010-03-13 Landover Hills: location, affordability still draw first-time buyers When Mike Walker and his wife, Kathy, found an affordable house in Landover Hills back in 1979, they were looking for an upgrade from their apartment in nearby Bladensburg. The house was advertised as a "fixer-upper," Mike Walker recalled, and cost $39,500.   feeds.washingtonpost.com   2010-03-13 New round of foreclosures threatens housing market The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize.   feeds.washingtonpost.com   2010-03-13 Treasury hopes new rules send short sales to the rescue of underwater mortgages With new Treasury Department rules designed to expedite short sales set to take effect April 5, relief can't come soon enough for some area buyers, sellers and real estate agents who have waded through a long and arduous process to get short sales approved by the bank.   feeds.washingtonpost.com   2010-03-13 WTC Development Talks Continue Negotiations continued between developer Larry Silverstein and the Port Authority who are trying to resolve an impasse over the redevelopment of the World Trade Center site before a critical deadline Friday.   online.wsj.com   2010-03-13 Public hearing set for $55M housing project in Colonie More than 100 single-family homes and 200 upscale apartments with waterfront views would be built near the Mohawk River in Colonie, N.Y., under long-delayed plans by The Prime Companies.   bizjournals.com   2010-03-13 Bulk buy at Related loft project for 35% off A Jamaican company bought 19 units in the Related Group of Florida’s Loft Downtown II for $2.7 million – or 35 percent less per square foot than the previous sales.   bizjournals.com   2010-03-13 Canal Side environmental work near end A laborious, but intensive environmental review of the proposed $315 million Canal Side development is one vote away from becoming official.   bizjournals.com   2010-03-13 Still Point moves offices in Takoma Park The Still Point Mind & Body, a wellness center in Old Town Takoma Park, is moving to a bigger location nearby.   bizjournals.com   2010-03-13 United Negro College Fund committed to moving to D.C. Michael Lomax, president and CEO of the United Negro College Fund, told members of the D.C. Council on Friday that he is committed to moving the 65-year-old financial aid provider into D.C. and that a mixed-use project planned for Shaw is the perfect location to reach students in need of assistance attending college.   bizjournals.com   2010-03-13 Signature Healthcare coming to Louisville Signature Healthcare LLC, a senior-living facility operator currently based in Palm Beach Gardens, Fla., is expected to announce on Monday that it is moving its headquarters to Louisville.   bizjournals.com   2010-03-13 Penrose Group wins suit against Camalier, Davis families Two prominent Maryland families improperly blocked Penrose Group from getting financing to build a high-rise apartment project in Bethesda and were ordered to pay Penrose $36 million in damages, a jury decided Thursday.   bizjournals.com   2010-03-13 Builders group hires executive director The Metropolitan Builders Association has hired Richard Hodges as the organization’s executive director following a nationwide search.   bizjournals.com   2010-03-13 Northrop taking space in Harford Co. Northrop Grumman Corp. (NYSE:NOC) confirmed Friday it will move into an office building being built North Gate Business Park at Aberdeen Proving Grounds. (NOC) (OFC)   bizjournals.com   2010-03-13 American Spectrum Realty gets delisting notice from AMEX American Spectrum Realty Inc. has received notice from the American Stock Exchange that it is at risk for being delisted.   bizjournals.com   2010-03-13