California State Government and Public Real Estate News

About 50 SILVAR members joined over 2,000 of their fellow REALTORS® from across California in Sacramento on Wednesday for Legislative Day. At the morning briefing, REALTORS® heard from the state's dynamic political leaders and the C.A.R. leadership. They enjoyed a special luncheon, then met with their state legislators to discuss important issues that affect the real estate industry.
PowerStone Property Management Inc., a full service Orange County, California based property management firm, today announced that a recent event hosted at the Irvine DoubleTree Hotel drew OC HOA Board Members representing PowerStone managed Associations. The Seminar featured attorneys Jeffrey A. Beaumont, Esq. and Brittany A. Ketchum, Esq. from law firm Beaumont Gitlin Tashjian. Cindy Cattern, PowerStone’s Director of Community Relations, organized the event, the 4th in a series entitled Board Member Boot Camp
Fewer homeless people – especially chronically homeless adults and children in families – are on the street, with more people having access to housing and homeless services in Long Beach.
Bipartisan legislation that supports and strengthens the United States Coast Guard, one of our Nation’s five armed services, in its critical missions to save lives, safeguard our shores, and protect living marine resources was introduced in the House of Representatives today by the leadership of the Transportation and Infrastructure Committee and the Coast Guard and Maritime Transportation Subcommittee
Dr. Raul Ruiz (D-Palm Desert) wrote Secretary of the Interior Sally Jewel asking that the Department of the Interior (DOI) move forward with the federal portion of the Desert Renewable Energy Conservation Plan (DRECP) and ensure that lands at and underneath the Salton Sea are designated as a renewable energy Development Focus Area.
Two Northern California real estate investors have agreed to plead guilty for their role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California, the Department of Justice announced
On April 29, the U.S. Environmental Protection Agency, U.S. Department of Justice, and the State of California will a nnounce a Clean Water Act settlement with Lehigh Southwest Cement Co. and Hanson Permanente Cement Inc. to protect water quality in Permanente Creek and San Francisco Bay
Mayor Edwin M. Lee today, joined by the U.S. Secretary of Veterans Affairs Robert A. McDonald, announced a major funding milestone to end chronic veteran homelessness in San Francisco by the end of 2015, putting the City on track to meet the President’s Mayors Challenge to End Veteran Homelessness. In the FY 2015-16 and 2016-17 budget, Mayor Lee will provide funding to acquire the final new supportive housing units needed for San Francisco to accomplish its goal to house all chronically homelessness veterans which will supplement a new approximately $18.3 million funding commitment over the next 10 years from the federal government
On Earth Day and amid this historic drought, Mayor Garcetti today broke ground on the Terminal Island Advanced Water Purification Facility (AWPF) Expansion project. Once completed in 2017, the expanded plant will produce 12 million gallons of purified recycled water daily, more than doubling the current production. Twelve million gallons is equivalent to the amount used by 67,000 Angelenos every day
House Majority Leader Kevin McCarthy (CA-23) released the following statement on the House Appropriations Committee approval of the Fiscal Year 2016 Energy and Water Development, and Related Agencies Appropriations bill. This legislation includes an amendment offered by Representative David Valadao (CA-21) that puts a hard deadline on multiple feasibility studies for California water storage projects, which have been languishing in the Bureau of Reclamation’s regulatory process for years
Congressman David G. Valadao (CA-21), a Member of the House Appropriations Committee, offered an amendment during Full Committee Markup, aimed at increasing water infrastructure throughout California.
Benny Chetcuti, Jr. was sentenced yesterday to 51 months in prison, and ordered to pay $21,823,526.10 in restitution, as well as forfeit $3,968,995 in proceeds obtained from a multi-year real estate investment fraud scheme, announced United States Attorney Melinda Haag and FBI Special Agent in Charge David J. Johnson.
Next week, the California State Historical Resources Commission will consider eight nominations for federal historic designation, and one nomination for state historic designation. The Commission will meet Wednesday, April 29, 2015, at 9:00 a.m. at the Naval Training Center at Liberty Station, McMillan Event Center Gallery 17, 2875 Dewey Road in San Diego, California
In celebration of the 45th anniversary of Earth Day, Mayor Edwin M. Lee today launched the new “Zero-50-100-Roots” campaign aimed towards reducing greenhouse gas emissions and reinforcing the City’s leadership in addressing climate change. The “Zero-50-100-Roots” campaign demonstrates San Francisco’s commitment to send zero waste to the landfill, reach 50 percent sustainable travel, use 100 percent renewable energy and pull carbon dioxide out of the air
Santerra Apartments, a 128-unit multifamily complex at 3434 E. McDowell Rd., in Phoenix has sold to a California Investor for $5,807,500 or $45,371 per door. The sale closed, March 26th. Todd Braun, Principal at Lee & Associates negotiated the transaction for the sellers, Santerra Apts, LLC of Scottsdale and for the buyer, Dynamics Capital Group of Brentwood, CA
DTZ, a global leader in commercial real estate services, announced today three prominent Orange County brokers and their teams have joined the firm. Executive Managing Directors (QREA) Bob Thagard, John Griffin, John Harty will form the core of DTZ’s Orange County Project Leasing teams specializing on office and industrial markets.
Congressman Alan Lowenthal (CA-47) joined with Rep. Brenda Lawrence (MI-14) and major goods movement leaders from both the public and private sector in calling for immediate action by Congress to pass a surface transportation reauthorization bill that specifically includes dedicated funding for rebuilding and upgrading our nation’s crumbling freight infrastructure
Lee & Associates – North San Diego County is pleased to announce that Principal Randy Dalby has been named a 2014 CoStar Power Broker TM by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. This annual industry award recognizes distinguished professionals in commercial real estate brokerage by highlighting the achievements of the firms and individual brokers who closed the highest transaction volumes in commercial property sales or leases in 2014 within their respective markets
American Realty Advisors (American), an institutional real estate investment manager with approximately $6.7 billion in assets under management, has acquired the Dublin Place Shopping Center, a 283,506 square-foot retail shopping center in Dublin, California for $51.1 million
Previously, Verlengia was the accounting manager at Coachella Valley Housing Coalition in Indio, California, for 17 years. She also worked in office administration at the American Heart Association for 10 years. She earned a B.A. degree in Business Administration at California State University at San Bernardino. A San Luis Obispo resident, she enjoys hiking and gardening
Brown Directs Nation’s Fourth Largest Home Lender to Suspend Foreclosures Until It Proves It Is Complying with the Law

LOS ANGELES, CA – September 27, 2012 – (RealEstateRama) — Attorney General Edmund G. Brown Jr. today directed Ally Financial, Inc., formerly known as GMAC, to prove immediately that it is complying with state law or, if it cannot, to cease and desist from foreclosing on California homes. Sothebys more »

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