Reston, VA – January 27, 2012 – (RealEstateRama) — Michael Zimmerman, Vice President of Calkain Realty Advisors, is the newest addition to Calkain Companies’ growing team of experienced net lease investment advisors. Zimmerman is a veteran net lease practitioner has successfully procured in excess of $325 million in transactions throughout Florida and the southeastern United States, resulting in numerous awards and recognition from within the net lease industry. Having successfully advised and represented merchant developers and private equity investors, Michael is seen as an authority on the asset class in which he specializes. more »

NORFOLK, VA – January 25, 2012 – (RealEstateRama) — Philip Villasis, age 41, and Ray D. Gata, age 56, both of Chesapeake, Va., were indicted by a Norfolk federal grand jury on nine charges including conspiracy to commit wire fraud, wire fraud, and money laundering. more »

January 3, 2012 – (RealEstateRama) — Governments shouldn’t get involved in property deals that can be handled by the private sector. But sometimes when the interests of developers and the interests of the community conflict, a City has the responsibility to step in to ensure progress toward vital community goals. Fully developed cities with little vacant land, especially, must look to redevelopment opportunities in order to grow their tax base. more »

NORFOLK, VA – December 29, 2011 – (RealEstateRama) — The U.S. Department of Housing and Urban Development has awarded more than $3.6 million in grants to sustain homeless housing programs in Norfolk and Chesapeake in the first phase of the HUD Homeless Assistance Awards for this year. All of Norfolk and Chesapeake’s current Permanent Supportive Housing and Transitional Housing Programs were fully renewed through the competition. more »

December 28, 2011 – (RealEstateRama) — World Changers Norfolk is a partnership between the City of Norfolk and a ministry of the North American Mission Board of the Southern Baptist Convention. The program provides exterior home repair opportunities to low and moderate income homeowners at no cost to them. Volunteers come during the summer for one week. more »

RICHMOND – December 22, 2011 – (RealEstateRama) — Governor Bob McDonnell today asked the Federal Emergency Management Agency to approve disaster assistance for nine additional localities recovering from the 5.8 magnitude earthquake on Aug. 23 and the more than 50 aftershocks. more »

NEWPORT NEWS, VA – December 16, 2011 – (RealEstateRama) — Victoria L. Allen, 57, of Chesapeake, Va., pleaded guilty yesterday to a charge of conspiracy to commit mail and wire fraud, stemming from a mortgage fraud orchestrated by Allen and several other conspirators, including a mortgage broker, title company owner, accountant and local business owner. more »

December 8, 2011 – (RealEstateRama) — The Hampton Redevelopment and Housing Authority now owns the Harbor Square Apartments in downtown Hampton and is taking steps to address the most serious problems at the complex. more »

December 6, 2011 – (RealEstateRama) — A State and federal initiative will help communities improve the availability of affordable housing for children and their families experiencing homelessness by increasing the provision of rapid re-housing. Rapid re-housing is a proven solution to homelessness for children and their families. It permanently ends homelessness and is often more cost-efficient than current programs. more »

GOAL IS TO INCREASE RAPID RE-HOUSING IN COMMUNITIES AND SELF SUFFICIENCY FOR VIRGINIA’S FAMILIES

City, VA – December 1, 2011 – (RealEstateRama) — The Virginia Department of Housing and Community Development has partnered with the Virginia Coalition to End Homelessness and the National Alliance to End Homelessness in a new initiative aimed at meeting the Governor’s goal of reducing homelessness by 15 percent for children and their families in urban, suburban, and rural communities across the Commonwealth. The new initiative, sponsored by the Freddie Mac Foundation, was announced in conjunction with the Governor’s Housing Conference. more »