California State Government and Public Real Estate News

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Rep. Grace F. Napolitano (D-El Monte) held a public forum with local residents and leaders of industry, government, research, and academia at Cal Poly Pomona University to discuss how to achieve a sustainable water future for Southern California
McClintock delivered the following remarks at the Third Phase Completion ceremony at Folsom Dam. It’s ironic that we are celebrating progress on a facility to rapidly release water out of Folsom Lake while we are in the fourth year of an historic drought and the lake is nearly empty.
Habitat for Humanity of Greater Los Angeles (Habitat LA) will dedicate a seven home development, located at 3305 Magnolia Ave, in Lynwood, CA on Saturday, August 29. The seven partner homebuyer families have contributed hundreds of sweat equity hours toward the building of their homes and will pay back a monthly interest free mortgage. The dedication will take place from 11am to 1pm and will celebrate hundreds of hours of hard work and the fulfillment of a lifelong dream for these seven hardworking, low-income families
Even with rising home prices over the past few years, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory, according to findings from the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2015 Survey of California Homeowners.” More than one-third (35 percent) of homeowners have considered selling their home in the past year, and of that share, about two-thirds (64 percent) are reluctant to sell because they are finding they can’t afford the home they really want, the survey found.
The Infrastructure Alliance Partnership among The California State Teachers’ Retirement System (CalSTRS), Dutch pension manager APG, and Argo Infrastructure Partners, today announced it has completed the acquisition of the Cross-Sound Cable, or CSC, transmission line after receiving all regulatory approvals.
U.S. Rep. Mike Thompson (CA-05) today announced a $2,438,681 Economic Development Administration (EDA) investment which will support roadway and infrastructure improvements to the Green Island Industrial District (GRID) in American Canyon. The funds will be used to help reconstruct Green Island Road, a goods movement corridor for the GRID. In August, 2014 Thompson urged Northern California’s EDA representative to support the City of American Canyon’s application for federal funding.
Rep. Jim Costa (CA-16) announced a combined total of $1,601,548 for community health centers in Merced County. Livingston Community Health received $1,118,215 and Golden Valley Health Centers received $483,333. These grants are made available through the U.S. Department of Health and Human Services’ Health Resources and Services Administration. The funding will go toward improving and establishing facilities to boost health services in rural areas
Governor Edmund G. Brown Jr. today issued the following statement after President Barack Obama announced executive action to accelerate the nation's transition to cleaner energy sources and more energy-efficient households
The City of Riverside is accepting applications through Aug. 28 for grants of as much as $25,000 that are available through the Historic Preservation Fund, which helps individuals, corporations, non-profit organizations and public agencies improve historic properties within the City limits.
The White House and Federal Housing Administration (FHA) released statements indicating that they are preparing new Property Assessed Clean Energy (PACE) guidance designed to “remove existing barriers and accelerate the use of PACE financing for single family housing.” The White House Fact Sheet on the initiative may be found here
California pending home sales soared from the previous year in July, posting the strongest year-over-year increase in more than six years, CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. In a separate report, California REALTORS® responding to C.A.R.’s July Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with June.
Ayman Shahid, 39, of Danville, California, the former president of Discovery Sales Inc. (DSI), pleaded guilty in federal court in Oakland, California, to conspiracy to commit bank fraud announced U.S. Attorney Melinda Haag for the Northern District of California, Special Agent in Charge David J. Johnson of the FBI’s San Francisco Division, Acting Special Agent in Charge Thomas McMahon of the Internal Revenue Service-Criminal Investigation (IRS-CI) and Special Agent in Charge Leslie DeMarco for the Federal Housing Finance Agency’s Office of Inspector General (FHFA-OIG).
With wildfires raging across ten Northwestern states and California, the Property Casualty Insurers Association of America (PCI) is encouraging residents asked to evacuate to save receipts for expenses incurred and contact their insurance companies as soon as possible to begin receiving assistance if their home is damaged
A man was sentenced today to 10 years in state prison for attempting to murder his relative as the victim slept in their Trabuco Canyon home. John Edward Kudla, 19, pleaded guilty on Jan. 16, 2015, to one felony count of attempted murder and one felony count of aggravated assault with a sentencing enhancement for inflicting great bodily injury.
Two men were sentenced today to 30 years to life in state prison for robbery in concert after breaking into two homes in Orange for the benefit of a criminal street gang. Andre Ricardo Pierson, 25, Inglewood, and Dwight Ladale Stephen, 26, Los Angeles, were found guilty by a jury July 29, 2015, of seven felony counts of first degree robbery of a dwelling in concert, one felony count of possession of a firearm by a felon with sentencing enhancements for criminal street gang activity and vicarious use of a firearm by a gang member. Pierson’s prior prison conviction for possession of a firearm by a felon in 2010, and Stephen’s prior conviction for unlawfully carrying a concealed firearm in 2008 were also found to be true.
Today the California Department of Fish and Wildlife released photographic evidence of a new pack of gray wolves established in Siskiyou County in northern California. The pack has been named the “Shasta Pack” and consists of two adults and five pups, all captured on camera. The pups are approximately three to four months old and all appear to be healthy. This news comes just weeks after officials announced sightings of a suspected wolf caught on Siskiyou trail cameras in May and July. The presence of a whole pack in California affirms that wolves know there is suitable habitat in the state and are ready to use it.
California’s 40-year commitment to energy efficiency has saved Californians $90 billion on their utility bills, created hundreds of thousands of efficiency jobs, and will have avoided the pollution from 41 power plants by the end of the next decade, according to a new report published today by the Natural Resources Defense Council (NRDC) and the national nonpartisan business group Environmental Entrepreneurs (E2).
C.A.R. analysis finds significant disparity between home prices and what buyers can truly afford. Dearth of housing supply at affordable prices exacerbates housing affordability issue.
Habitat for Humanity of Greater Los Angeles (Habitat LA) will celebrate its 25th Anniversary at the Los Angeles Builders Ball™. Habitat LA will honor its construction and real estate counterparts for their shared commitment to building a greater Los Angeles. Earvin “Magic” Johnson will be recognized for the transformative impact he has made on the landscape of Los Angeles through his work with Canyon Johnson Urban Funds, Magic Johnson Enterprises and Guggenheim Partners.
BH Properties, LLC, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed commercial real estate properties, closed more than $120 million in acquisitions during the second quarter of 2015. These transactions added 2.97 million square feet of industrial, office, retail, multifamily and RV Parks to the firm’s portfolio. The properties were located in nine states, including Arizona, California, Colorado, Georgia, Iowa, Maine, Tennessee, Texas and Utah.
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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