Flood Insurance Program (NFIP) in Limbo
Jan 3, 2012 Real Estate Consultant Leave a comment | Tags: Flood Insurance, Flood Insurance Program, Insurance Program, Program
Home and business owners dependent upon the National Flood Insurance Program for affordable flood coverage found a slight reprieve last week, with the passage in the House of a bill that calls for an extension of the program through 2016.
The bill also mandates that the National Flood Insurance Program (NFIP) undergo a number of changes, including some that will affect how rates are set in newly-mapped flood areas, sets more responsibility on insurers to ensure that coverage requirements are met, and asks FEMA to explore other approaches for catastrophic risk financing, such as bonds and private reinsurance.
Rock and Roll: the Concessions: The 340 ton boulder centerpiece for…
Jan 1, 2012 Mortgage Information Leave a comment | Tags: Boulder, Boulder Centerpiece, Ton Boulder, Ton Boulder Centerpiece
The 340 ton boulder centerpiece for Michael Heizer’s “Levitated Mass” installation still hasn’t started its journey from its Riverside quarry to LACMA–most recently, the transport company found that the route would have to go through Diamond Bar because the rig was too heavy for a bridge in Pomona. The smarties in Diamond Bar are now getting LACMA to cough up 10 percent of the cost of repaving one street, a $75,000 security bond, and $10k for dealing with traffic signals, plus the guarantee that the rock will only come through after midnight.
Brigham eyes research building for Emmanuel College site
Jan 1, 2012 Real Estate Advice Leave a comment | Tags: College, Emmanuel College
Brigham and Women’s Hospital is seeking approval from city planners to demolish an Emmanuel College building to make way for a massive new research center at the edge of the Longwood Medical Area.
The hospital has been leasing Emmanuel’s Alumnae Hall at 75 Avenue Louis Pasteur but filed plans to replace the low-rise brick building with a 360,000-square-foot research facility.
Emmanuel would use the income from the project to construct a 475-student dorm on Brookline Avenue and expand its Cardinal Cushing Library facing the Fenway, according to the college’s master plan released in June.
The new hospital building’s height was not specified in a recent letter of intent filed with the Boston Redevelopment Authority, but Emmanuel’s master plan shows a sleek glass structure matching up with the adjacent Harvard Medical School and Merck research buildings.
The hospital said it expects to file a detailed project application in early January.
The 17-acre Emmanuel is a Catholic liberal arts and sciences college with about 2,500 undergraduate and graduate students.
Alumnae Hall was built in 1948 as an academic science building but Brigham and Women’s has used it for offices and research for a few years.
Whoa! Whatta deal!
Dec 13, 2011 Real Estate Consultant Leave a comment
The Minneapolis-based office of CBRE Group said late Thursday it has completed one of the largest land sales (by acreage) in U.S. history — 1.3 million acres of land in Nevada for $31 million.
That’s roughly the size of Rhode Island.
And consider that the majority of Nevada’s land, about 85 percent, is either tribal or owned by the government. Only 15-percent of the state’s land is privately owned.
CBRE said the giant tract was purchased by Florida-based Fountain Investments. The seller was a La Jolla, Calif.-based company called Pico Holdings, which had owned the land for about 15 years.