CBRE Executive Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of the Taco Bell and Shops, a 18,175-square-foot, strip center in the city of San Diego, Calif., leased to a synergistic mix of food and service tenants, including Taco Bell, El Pollo Loco, Pick Up Stix, AT&T and T-Mobile. The sale price was $14 million, representing a 5.0% cap rate.
Florida’s housing market reported more closed sales, higher median prices, more new listings and fewer all-cash closed sales in August, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 25,070 last month, up 8.2 percent from August 2015.
Congressman Garamendi Praises Benicia Decision to Reject Crude Oil-by-Rail Facility, Renews Call for National...
Congressman John Garamendi (D-Fairfield, Davis, Yuba City, CA) today praised the Benicia City Council for their unanimous 5-0 vote rejecting a proposed crude-oil-by-rail facility that would have been operated by Valero. The facility, if constructed, could have opened the spigot to a large number of dangerous and underregulated crude oil-by-rail trains traveling through neighboring 3rd District cities like Davis, Dixon, and Suisun
Democratic Leader Nancy Pelosi released the following statement after the City and County of San Francisco and the U.S. Department of Housing and Urban Development (HUD) agreed to an anti-displacement strategy. In a letter to Secretary Castro, Leader Pelosi had urged HUD to support one of San Francisco’s key efforts to address housing affordability and tenant displacement.
California pending home sales register higher in August but affordability and supply constraints remain...
An increase in pending sales across all major regions buoyed statewide California pending home sales in August from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Uncertainty about market conditions was reflected in C.A.R.’s August Market Pulse Survey,** with most leading indicators showing a decline in growth and REALTORS® becoming less optimistic about market expectations and more concerned with reduced affordability
On Tuesday, the City Council for San Clemente unanimously voted to endorse legislation Congressman Darrell Issa introduced earlier this week — the Safe Recovery and Community Empowerment Act (H.R. 6070) — which would empower state and local government to oversee residential recovery facilities, which include sober living homes.
Leaders Open Dozens of Apartments for Homeless, Boosting Mayor Faulconer’s Campaign to House 1,000...
With the goal of providing housing for homeless veterans and creating opportunities for San Diegans to succeed, Mayor Kevin L. Faulconer was joined today by a host of local dignitaries for the grand reopening of the 102-year-old Hotel Churchill, which has been renovated into 72 special-purpose units for veterans and at-risk youth
Congressman Darrell Issa (R-Calif.) introduced legislation that would allow state and local governments to implement reasonable oversight of residential recovery facilities, which include sober living homes
A man was convicted and sentenced yesterday for burglarizing the homes of female college students that he found by using Instagram. Arturo Galvan, 45, Menifee, pleaded guilty on Sept. 19, 2016, to five felony counts of first degree residential burglary, one felony count of attempted first degree residential burglary, and one misdemeanor count of resisting and obstructing an officer. He was sentenced to eight years in state prison and was ordered to pay restitution to the victims
A Long Beach accountant pleaded guilty today to embezzling money from several county foster homes, the Los Angeles County District Attorney’s Office announced. Gary Batchelor, 64, pleaded guilty to two felony counts of misappropriation of public funds and one felony count of filing a false tax return in two separate cases. The group homes were operated by You Are the Difference Foundation and Moore’s Cottage. They were located in Compton, Los Angeles, Altadena and Pomona and served boys ages 13 to 18.
A 59-year-old man was sentenced yesterday to 26 years to life in state prison for slashing his girlfriend’s throat at her Beverly Hills apartment in 2011, the Los Angeles County District Attorney’s Office announced today
Mayor Edwin M. Lee today announced the award of four predevelopment loans to support the creation of up to 529 affordable rental homes for San Francisco’s low-income and homeless families and seniors.
The Souferian Group, a Los Angeles-based real estate development, investment and advisory firm founded and led by Behzad Souferian and focused on developing distinctively branded and designed lifestyle-driven properties, has announced the closing of a full-floor lease for Soothe, an app-based on-demand massage technology company. The company’s expanded operations will occupy the entire sixth floor of 1800 North Highland Ave., a seven-story, Class A office structure located at the gateway to Hollywood’s world-renowned entertainment district.
Los Angeles is a leader in the fight against climate change, and we’re on our way to a clean energy future. The motion passed today will bring more progress toward the goals laid out in my Sustainable City pLAn and the directives I issued to LADWP following the Aliso Canyon disaster — taking action to achieve 50% renewable energy by 2030, ending our use of coal five years before that, and working to reduce our dependence on natural gas. Environmental stewardship is a value we treasure in L.A., and I’m grateful to Councilmembers Bonin and Krekorian, and the entire City Council, for bringing us another step closer to cleaner air, healthier families, and a stronger economy.” — Mayor Eric Garcetti
As part of the City’s continued effort to leverage every available resource to tackle homelessness, Mayor Eric Garcetti was joined today by Councilmember Nury Martinez and first responders to unveil a new program that helps keep streets and sidewalks healthy and safe for all Angelenos
The Los Angeles City Council stepped up its climate leadership by directing the Los Angeles Department of Water & Power to work with area academics and other stakeholders to determine how to move the city to 100% renewable energy.
Hundreds of Affordable Rental Homes With Additional Services Including Childcare, Community Health Services & Community Centers to be Built for Low-Income Families & Seniors. Mayor Edwin M. Lee today announced the award of four predevelopment loans to support the creation of up to 529 affordable rental homes for San Francisco’s low-income and homeless families and seniors
Senator Schumer Today Issued The Following Statement. “The Krenzer family has been farming this land for four generations, and after three years of work, today we have a solution that lets the power flow and the crops grow.
House Transportation and Infrastructure Committee Passes Strong Legislation Co-Authored by Ranking Member Garamendi and...
Congressman John Garamendi (D-CA), Ranking Member of the Subcommittee on Coast Guard and Maritime Transportation, hailed the passage by the Transportation and Infrastructure Committee of legislation that would require the creation of a GPS backup system and streamline the Coast Guard’s acquisition of a heavy icebreaker fleet. Garamendi has previously introduced standalone legislation, such as H.R. 1678, to encourage development of a GPS backup. This bill served as the basis for even stronger legislation, developed in bipartisan cooperation with Subcommittee Chairman Duncan Hunter (R-CA), that has now passed the full Committee. The inclusion of both the GPS and heavy icebreaker provisions is a major milestone in a four-year-long effort by Reps. Garamendi and Hunter to address these critical national security issues
Rep. Ron DeSantis (FL-06) has joined 142 of his colleagues in sending a letter to House leadership asking them to immediately pass H.R. 5303, the Water Resources Development Act. The full text of the letter can be found here.