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 – April 18, 2014 – (RealEstateRama) — California’s housing market ticked upward in March to reach the highest level in four months, but sales were still lower than a year ago as declining housing affordability continues to put downward pressure on the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

$5.4 Million in Emergency Funding for Elevator Repairs at Nine Public Housing Sites to Improve Quality of Life for Residents

Mayor Edwin M. Lee today announced $5.4 million in City funding for critical elevator modernization and repairs at nine select San Francisco Housing Authority (SFHA) properties.

WASHINGTON, D.C. – April 18, 2014 – (RealEstateRama) — “All residents in public housing deserve clean, safe and quality housing,” said Mayor Lee. “Our Re-Envisioning Plan for public housing in San Francisco paves the way for the preservation, rehabilitation and long-term affordability of thousands of existing units for very low-income people. But in the short term, we must make the critical repairs necessary to ensure elevators are reliable and do not disrupt the lives of our seniors and disabled public housing residents.” more »

WASHINGTON, D.C. – April 17, 2014 – (RealEstateRama) — An estimated 32,923 new and resale houses and condos sold statewide in March. That was up 28.2 percent from 25,680 in February, and down 12.8 percent from 37,764 sales in March 2013, according to San Diego-based DataQuick.

Last month’s sales were the lowest for a March since 2008, when 24,565 homes sold – a record low for the month of March. California’s high for March sales was 68,848 in 2005. Last month’s sales were 23.9 percent below the average of 43,251 sales for all months of March since 1988, when DataQuick’s statistics begin. California sales haven’t been above average for any particular month in more than eight years. more »

San Diego, Riverside rank in top 25, cutting $179 Million in Energy costs while increasing efficiency, protecting health, reducing pollution

LOS ANGELES – April 14, 2014 – (RealEstateRama) — Today, the Environmental Protection Agency (EPA) announced the sixth annual list of the top 25 U.S. metropolitan areas with the most ENERGY STAR certified buildings. The cities on this list demonstrate the economic and environmental benefits achieved by facility owners and managers when they apply a proven approach to energy efficiency to their buildings. Los Angeles ranks #1 for the sixth consecutive year with more than 443 Energy Star buildings. San Diego comes in at 15th place with 123 buildings and Riverside in 22nd place with 75 buildings more »

WASHINGTON, D.C. – April 10, 2014 – (RealEstateRama) — Following the discovery of a deceased newborn baby in a dumpster at a Corona apartment complex on April 8, Los Angeles County Supervisor Don Knabe is reminding the public about the County’s Safe Surrender program. more »

EMERYVILLE, CALIF. – April 8, 2014 – (RealEstateRama) — The City of Emeryville selected nonprofit developer, manager and advocate of affordable housing EAH Housing to develop a new mixed-use affordable apartment community at 3706 San Pablo Avenue. EAH chose award-winning national firm KTGY Group, Inc. to design the community. The 86-unit transit-oriented development will incorporate a solar photovoltaic system, a community garden and 7,000 square feet of commercial space on the ground floor. more »

WASHINGTON, D.C. – April 8, 2014 – (RealEstateRama) — A transient who was convicted last week of trespassing at Selena Gomez’s home is facing new charges today for allegedly returning to the pop singer’s property after being released from jail, the Los Angeles County District Attorney’s Office announced. more »

LOS ANGELES – April 8, 2014 – (RealEstateRama) — “What starts with one California REALTOR® benefits all of California.” That’s the underlying sentiment of the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) integrated consumer ad campaign, launching today on NBC stations in Los Angeles, San Diego, San Francisco, and Sacramento, as well as radio, print, and online. more »

Los Angeles, Orange, San Diego, Riverside, Contra Costa, Santa Clara counties
rank tops in California

LOS ANGELES – April 4, 2014 – (RealEstateRama) — Viewing the country as a safe place to put their money, international home buyers preferred purchasing properties in the United States over other countries, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 International Clients Survey.” more »

Inspections Begin Statewide

Sacramento – April 3, 2014 – (RealEstateRama) — CAL FIRE inspectors have begun conducting Defensible Space inspections throughout the 31 million acres of State Responsibility Area (SRA) in California.

“Creating and maintaining Defensible Space is critical for the protection of homes,” said Chief Ken Pimlott, CAL FIRE director. “It has never been more critical to strengthen our fire prevention efforts in light of the elevated fire conditions we have been experiencing in California. We have increased our inspection staffing and now we need the public to make sure they, too, are prepared for the increased fire risk due to drought.” more »

WASHINGTON, D.C. – April 1, 2014 – (RealEstateRama) — February 2014 housing units have surpassed the January numbers by 14%, though year-over-year total units revealed a 25% decrease since February 2013. Single-family units show a minor decrease in activity, but multi-family housing units experienced significant increases in month-over-month statistics. more »

LOS ANGELES – March 26, 2014 – (RealEstateRama) — Pending home sales posted stronger than average gains in February for the second straight month, thanks to seasonal factors, but remained below the level of  a year ago, despite slight improvements in the statewide housing demand, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

New York-based subsidiary of American Apparel chooses burgeoning downtown Los Angeles for West Coast flagship location, Kennedy Wilson represented landlords in lease deal

LOS ANGELES – March 25, 2014 – (RealEstateRama) — Global real estate investment and services company Kennedy Wilson has announced the opening of OAK NYC, a subsidiary of American Apparel, in downtown Los Angeles. Kennedy Wilson brokered the landmark deal for the cutting-edge retail tenant, which signed a five-year lease at The Sparkle Factory, a seven-story retail and creative space that serves as the international headquarters for Tarina Tarantino’s world renowned jewelry line. more »

Santa Barbara – March 21, 2014 – (RealEstateRama) — Today, Rep. Lois Capps (CA-24) announced that the Housing Authorities of the City of Santa Barbara and County of Santa Barbara received grants totaling $1.48 million from the U.S. Department of Housing and Urban Development’s Capital Fund Program. more »

MONTEBELLO, Calif. – March 18, 2014 – (RealEstateRama) — Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered a $7.5 million industrial sale in Montebello, Calif.

Michael Tsaparian, senior vice president, and Peter Bacci, executive vice president, both with Lee & Associates’ Commerce office, represented the seller, TEAC America. Gregory Stanton and John Hillman of CBRE, along with Paul Sablock of Jones Lang LaSalle, represented the buyer, Brimel, LLC. more »

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