California State Government and Public Real Estate News

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. CommunityBank- home lender in California and ALLRMC.COM more »


LOS ANGELES – August 29, 2014 – (RealEstateRama) — Despite ultra-low interest rates, California’s real estate market continued to underperform in July, with pending home sales posting lower for the fourth straight month.  At the same time, equity home sales improved further, as both short sales and REO sales continued to decline, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

CHANDLER, AZ – August 28, 2014 – (RealEstateRama) — A 69,429 SF fl ex manufacturing facility and an adjacent 2.97 AC parcel at 1800 S. Price Rd. in Chandler has been sold for $12,650,000. The building is fully-leased to Iridium Communications with an estimated 10 years remaining on their lease. more »

Rep. Peters’ Statement on President’s Further Actions to Reform VA, Improve Economic Opportunities for Servicemembers

SAN DIEGO, CA – August 27, 2014 – (RealEstateRama) — Today, Congressman Scott Peters (CA-52) released the following statement regarding the Administration’s new actions for servicemembers, veterans, and their families:

“Today’s actions will continue the process of reforming the broken VA system, and improve the quality of life for our servicemembers, veterans, and military families who have been asked to sacrifice so much,” Rep. Peters said. “This, along with recent VA reforms passed in Congress, will help engage communities in the effort to end tragic veteran suicides through improved access to, and quality of, mental health services. Keeping our promises to those current serving our country, and to the millions of veterans across the country, must continue to be a top priority for Congress.” more »

Statewide Campaign Launched to Raise Awareness of California-Certified Community Managers Invites Homeowners to “Tell Us About Your Champion” For A Chance to Win $500!

LAGUNA HILLS, CALIF. – August 19, 2014 – (RealEstateRama) — California Association of Community Managers (CACM), the state’s leading community association management education organization, today launched the second phase of its Community Champions awareness campaign. more »

WASHINGTON, D.C. – August 19, 2014 – (RealEstateRama) — As part of $300 million in grants from the Department of Veterans Affairs (VA), Congresswoman Susan Davis (D-San Diego) announced that $1.02 million would go to fight homelessness among veterans in San Diego. Vietnam Veterans of San Diego will be the recipient of the VA grant. more »

LOS ANGELES – August 19, 2014 – (RealEstateRama) — Lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

WASHINGTON, D.C. – August 18, 2014 – (RealEstateRama) — In his Fiscal Year 2015 Budget Request, President Barack Obama proposes limiting the capital gains from the exchange of real estate that can be deferred under Section 1031 to $1 million per taxpayer per year. This provision would apply to like-kind exchanges completed after December 31, 2014. Under this proposal, the Treasury Department would be granted the regulatory authority necessary to implement the provision. The proposal would need to be included in legislation passed by Congress in order to be implemented. more »

Washington, D.C – August 1, 2014 – (RealEstateRama) — Senators Dianne Feinstein and Barbara Boxer, and Rep. Henry A. Waxman, today urged President Obama to request funds to house homeless veterans on the West Los Angeles Department of Veterans Affairs Campus be included in his fiscal year 2016 budget. more »

WASHINGTON, D.C. – July 24, 2014 – (RealEstateRama) — A 32-year-old man was convicted today of a dozen counts for residential robberies in the San Gabriel Valley, the Los Angeles County District Attorney’s Office announced.

The jury deliberated for less than a day before finding Jose Lewis Avila of Chino guilty of nine counts of second-degree robbery, one count of assault with a deadly weapon, one count of dissuading a witness from reporting a crime and one count of child abuse. more »

WASHINGTON, D.C. – July 24, 2014 – (RealEstateRama) — Today, Congressman John Garamendi (D-Fairfield, CA) congratulated Yuba, Sutter, and Glenn counties after they secured a number of federal grants this week. Sutter County Airport and Yuba County Airport received almost $170,000 from two Federal Aviation Administration grants. The Yuba-Sutter Economic Development Corporation and 3CORE, Inc. which operates in Glenn, Butte, and Tehama counties, both received $75,000 from the Economic Development Administration. more »

LOS ANGELES, Calif. – July 2, 2014 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2 million sale of a fully occupied eight-unit multifamily property located near Michigan Avenue at 1811 19th Street in Santa Monica, Calif. more »

LOS ANGELES – June 30, 2014 – (RealEstateRama) — Reflecting the proliferating use of social media in today’s society, more home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 Survey of California Home Buyers.” more »

LOS ANGELES – June 24, 2014 – (RealEstateRama) — Higher home values continued to fuel more equity home sales, which have made up more than 80 percent of all home sales for the past 11 consecutive months.  Meanwhile, pending home sales fell in May as investors pulled out of the market due to higher home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

Agency Marks National Homeownership Month

SACRAMENTO, CA – June 17, 2014 – (RealEstateRama) — The California Housing Finance Agency announced today a major program expansion to help more low to moderate income California families purchase homes.

CalHFA will remove the first-time homebuyer requirement on its first mortgage programs to allow more California homebuyers to take advantage of the benefits of CalHFA’s affordable financing. more »

LOS ANGELES – June 17, 2014 – (RealEstateRama) — California home sales eased slightly in May as a shortage of homes and housing affordability concerns held back would-be home buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.  Meanwhile, the median home price posted higher from both the previous month and year for the third consecutive month and remained at its highest level since December 2007. more »

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