Nehemiah Applauds FDIC Chair Sheila Bair for Calling Attention to Foreclosure Fallout

The following statement was issued by Scott Syphax, president and CEO of the Nehemiah Corporation of America, in response to Congressional Testimony from Sheila Bair, Chair of the Federal Deposit Insurance Corp. (FDIC) this week. Ms. Bair stressed the overwhelming strain foreclosures are putting on families and communities across the country. “As families and communities struggle under the overwhelming weight of foreclosures, it is imperative... 

Lawson for Equipment Service Management & Rental to Help Heavy Equipment Dealers Improve Profitability and Customer Service

Lawson Software (Nasdaq: LWSN) announced the availability of Lawson for Equipment Service Management & Rental, a package of flexible business applications designed to help equipment dealers improve customer service and profitability throughout the lifecycle of every piece of equipment they sell or rent. Lawson for Equipment Service Management & Rental helps equipment dealers manage equipment from initial sale through its useful life until... 

U.S. Army, Chevron and Keenan Development Receive 2008 National Council for Public-Private Partnerships’ Infrastructure Award

The National Council for Public-Private Partnerships (NCPPP) announced today it has selected the U.S. Army’s Enhanced-use Leasing Program, Chevron Energy Solutions and Keenan Development to receive the council’s 2008 Infrastructure Award. The award recognizes outstanding leadership and an exemplary enhanced-use leasing project that illustrates the best practices and innovative approaches in the use of public-private partnerships (PPPs). The... 

Citi Foundation Awards $500,000 to Enterprise Community Partners Grant to Further Leadership and Innovation in Green, Affordable Housing

Citi Foundation awarded Enterprise Community Partners a $500,000 grant in support of its Green Communities ® initiative, the largest effort in the U.S. to bring the benefits of green building to low-income people. The grant will support the continued growth and expansion of Green Communities by enabling Enterprise to create more green affordable developments, deepen technical support in improving building energy performance and tap the emerging... 

K-State Economist’s Research Suggests Low-Income, Vulnerable Homeowners Need Support After Purchase to Avoid Foreclosure or Having to Sell Their Home

Programs that help low-income and minority individuals and families purchase a home may be doing more harm than good, according to a Kansas State University economist. When vulnerable homeowners don’t get support after they purchase a home — maybe one they really couldn’t afford in the first place — they’re more likely to return to renting, said Tracy Turner, K-State assistant professor of economics. She and Marc Smith,... 

SoCal Fires Strike Those Who Often Reject Insurance

Mobile home owners and renters often choose to go without property insurance, potentially exposing them to catastrophic losses such as those suffered in Southern California’s weekend firestorms. Nearly 500 manufactured homes and more than 80 apartments were destroyed in the fires. While it’s unclear how many were uninsured, about 82,000 – or 25 percent — of the state’s mobile homes don’t carry insurance, according to a Sacramento Bee... 

Homebuilder, REIT shares tumble as recession spreads

The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential. The benchmark MSCI U.S. REIT index was down 7.6 percent in midday trading compared with a 3.4 percent drop in the S&P 500 (^SPX – News). Homebuilders shares, as measured by the Dow Jones U.S. Home Builders index (DJI:^DJUSHB... 

Real Estate Journalists Award NAREE Bivins Fellowships and Announce New Feb 09 Competition Category

The National Association of Real Estate Editors (NAREE) awarded Bivins Fellowships to two mid-career journalists and unveiled a new category for its upcoming 59th annual journalism competition. The winners of the NAREE Bivins Fellowship, named during the NAREE Summit in Orlando on Nov. 7, are freelance writer Lisa Prevost and Jeff Ostrowski, a real estate and business reporter for the Palm Beach Post. The $5,000 NAREE Bivins Fellowship Program, now... 

Andres Gavinet Appointed CFO of Younan Properties

Younan Properties, Inc., one of the nation’s largest privately-held real estate investment and asset management companies, announced that it has appointed Andres R. Gavinet to the new post of Chief Financial Officer. Mr. Gavinet will leverage his significant real estate experience to support Younan’s growing portfolio of nearly 15.0 million square feet of Class A office space. According to Zaya S. Younan, Chairman and CEO of Younan, “Andres... 

Resource America, Inc. to Present at the Friedman, Billings, Ramsey & Co., Inc. Capital Markets Investor Conference on December 2, 2008

Resource America, Inc. will be presenting at the Friedman, Billings, Ramsey & Co., Inc. Capital Markets Investor Conference on Tuesday, December 2, 2008 at 1:35 P.M. Eastern Standard Time in the Morosco Room at the Grand Hyatt Hotel in New York City. Jonathan Z. Cohen, President and CEO, will be presenting and answering questions afterwards. We invite all interested parties to join us for our presentation. About Resource America, Inc. Resource...