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481 on Mathilda

SummerHill Apartment Communities to Celebrate Completion of New Live-Work-Play Apartment Community in Sunnyvale, Calif.

SummerHill Apartment Communities, a division of SummerHill Housing Group and a leader in providing quality, smart growth, multi-family rental housing and mixed-use developments, announces the completion of 481 on Mathilda, a new 105-unit luxury residential rental community in downtown Sunnyvale, Calif. The completion celebration will be held on Wednesday, December 7, 2016, from 3:00 p.m. – 5:00 p.m., at 481 South Mathilda, between Olive and Iowa streets, in the City of Sunnyvale.

Mayor Lee and Board President London Breed Introduce New Muinicipal Green Building Standards

Mayor Edwin M. Lee and Board of Supervisors President London Breed introduced new legislation updating the San Francisco Environment Code with new green building standards for all new municipal construction projects
Westwood Medical Plaza

The Muller Company’s Westwood Medical Plaza in Los Angeles and Taj Mahal Medical Center...

The Muller Company, a full-service real estate company specializing in management, investment and development of commercial real estate in the western United States, announced today that two Southern California medical office buildings owned and managed by The Muller Company have received the 2016 The Outstanding Building of the Year® (TOBY) Award by the Building Owners and Managers Association (BOMA) in each of their respective markets.
RJ Sommerdyke

R.J. Sommerdyke Joins Meridian Healthcare Acquisition Team

Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that R.J. Sommerdyke has joined the company’s acquisition team in Southern California. Sommerdyke will play a key role in expanding Meridian’s platform of acquiring value-add healthcare properties throughout Southern California.
Sacramento_SouthgatePlaza_walmart

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of Southgate Plaza in Sacramento,...

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 Southgate Plaza, a 339,369-square-foot grocery-anchored shopping center in Sacramento, Calif., leased to three high-performing grocers, Walmart Neighborhood Market, 99 Ranch Market and 99 Cents Only, along with a complementary mix of co-tenants including, Ross Dress for Less, Skechers, Baskin Robbins, Sally Beauty, Payless Shoe Source, Chase Bank, Farmer & Merchants Bank, Taco Bell, H&R Block and others.

Woman Charged with Tagging Government Buildings with Anti-Trump Graffiti

A 37-year-old woman was charged today with tagging messages against Donald Trump at government buildings in downtown Los Angeles’ Civic Center, causing thousands of dollars in damages, the Los Angeles County District Attorney’s Office announced.

California REALTORS® commend FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement to increase the 2017 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $424,100 on one-unit properties and a cap of $636,150 in high-cost areas. The previous loan limits were $417,000 and $625,500, respectively.

HUD ANNOUNCES FAIR HOUSING AGREEMENT WITH LOS ANGELES LANDLORDS TO SETTLE DISCRIMINATION COMPLAINTS

The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with the owners and operators of Swansea Park Senior Apartments in Los Angeles to resolve allegations that they violated fair housing laws for refusing to allow a resident with disabilities to have a live-in aide and making discriminatory statements to him

FORMER NBA STAR CHARGED WITH HIT AND RUN WITH PROPERTY DAMAGE AFTER DRIVING WRONG...

A former NBA star was charged today with hit and run with property damage for driving the wrong way on the freeway and causing a crash. Dennis Keith Rodman, 55, Newport Beach, is charged with one misdemeanor count of hit and run with property damage, one misdemeanor count of driving a motor vehicle across a dividing section, one misdemeanor count of giving false information to a police officer, and one misdemeanor count of driving a motor vehicle without a valid license. If convicted, the defendant faces a maximum sentence of two years in county jail. He is scheduled to be arraigned on Jan. 20, 2017, in Department C-54, Central Justice Center, Santa Ana. The time is to be determined

California pending home sales expand in October

Led by the Southern California region, California statewide pending home sales grew modestly in October from the previous year and were down from September as the market begins its seasonal cooldown, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Mayor Lee & Community Partners Expand 10th Annual Turkey Giveaway to Serve Families Citywide

Mayor Edwin M. Lee joined the A. Philip Randolph Institute San Francisco, San Francisco Police Department, San Francisco Housing Authority and community partners today to distribute 2,500 frozen turkeys citywide to families in need. This is the 10th annual turkey and food basket giveaway, but the first time that all family housing developments will receive turkeys in time for the Thanksgiving holiday. The opportunity to reach every housing development in the city was made possible due to the donation of one thousand additional turkeys made through Mayor Lee and the City of San Francisco.

EIA’s daily energy dashboard for Southern California now focuses on key winter energy market...

The U.S. Energy Information Administration (EIA) has updated its Southern California Daily Energy Report to provide additional information on key energy market indicators for the winter season. This dashboard report includes information that EIA regularly compiles about energy operations and the management of natural gas and electricity systems in Southern California in the aftermath of a leak at the Aliso Canyon natural gas storage facility near Los Angeles. Although the leak has since been plugged, regulators have placed ongoing limitations on the use of that facility.

CIT Group Accused of Redlining and Violating Fair Housing Act

Yesterday, two nonprofit organizations formally filed a complaint requesting that the federal Department of Housing and Urban Development (HUD) investigate whether CIT Group violated and continues to violate the Fair Housing Act through its subsidiary, OneWest Bank. In 2014, CIT Group applied to acquire OneWest Bank, and after receiving regulatory approvals, the merger was completed in August, 2015

Congressman Garamendi Champions “Make It In America” for the California High Speed Rail Program

Congressman John Garamendi (D-Fairfield, Davis, Yuba City), together with Reps. Dan Lipinski (D-IL) and Doris Matsui (D-CA), praised the California High-Speed Rail Authority for the withdrawal of its request for Buy America waivers for component parts of its high-speed rail trains. The Authority had requested a waiver to allow the use of foreign components and foreign-sourced steel on up to 70 train sets. After extensive conversations with Congressman Garamendi, the Authority chose not to seek any exemptions to Buy America requirements

MAN CONVICTED OF STARTING FIRE IN STANTON APARTMENT AND DISPLACING COMPLEX RESIDENTS

A man was convicted today of starting a fire in a Stanton apartment, causing residents of the complex to be displaced. Brandon Tyler Williams, 43, Stanton, pleaded guilty to one felony count of arson of an inhabited property. He was sentenced to 600 days in county jail, three years of formal probation, and was ordered to pay restitution.

California home sales and median price post higher in October

Bolstered by healthy sales activity in Southern California and the Central Valley, California existing home sales and median price gained ground in October on a month-to-month and year-over-year basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Rep. Walters’ Staff To Host Mobile Office Hours in Tustin & Mission Viejo

Representative Mimi Walters (CA-45) today announced that staff will host mobile office hours in Tustin and Mission Viejo on December 1st. Rep. Walters’ staff will meet with constituents and assist them with federal casework issues dealing with Veterans Affairs, Social Security, IRS, immigration/passports, housing, grants, D.C. tours, and more. To schedule an appointment, please contact Donovan Higbee at (949) 263-8703 or Donovan.Higbee@mail.house.gov. Please note appointments are encouraged but not required.

Two Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at...

Two Northern California real estate investors have agreed to plead guilty today for their role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

CONGRESSMAN LIEU STATEMENT ON PRESIDENT-ELECT TRUMP’S INFRASTRUCTURE PROPOSAL

Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement regarding President-elect Trump’s infrastructure proposal.
Steve Patterson

Central Valley Builders Supply Doubles Down With Simpson Strong-Tie

In an environment that is experiencing changing demographics, a shrinking workforce, and reduced spending, the conventional wisdom is that brick and mortar retail building supply companies should be shying away from the big box format, opting instead for smaller formats with leaner inventories.

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RJ Sommerdyke

R.J. Sommerdyke Joins Meridian Healthcare Acquisition Team

Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that R.J. Sommerdyke has joined the company’s acquisition team in Southern California. Sommerdyke will play a key role in expanding Meridian’s platform of acquiring value-add healthcare properties throughout Southern California.

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481 on Mathilda

SummerHill Apartment Communities to Celebrate Completion of New Live-Work-Play Apartment Community...

SummerHill Apartment Communities, a division of SummerHill Housing Group and a leader in providing quality, smart growth, multi-family rental housing and mixed-use developments, announces the completion of 481 on Mathilda, a new 105-unit luxury residential rental community in downtown Sunnyvale, Calif. The completion celebration will be held on Wednesday, December 7, 2016, from 3:00 p.m. – 5:00 p.m., at 481 South Mathilda, between Olive and Iowa streets, in the City of Sunnyvale.

Editors’ Picks

House Passes Rep. Peters’ Amendment to Increase Infrastructure Resiliency

Last night, the House passed U.S. Congressman Scott Peters’ (CA-52) amendment to the Water Resources Development Act that gives the Army Corps of Engineers the resources to evaluate the structural health of its current infrastructure and construction projects. By using structural health monitoring, the Army Corps can increase the resiliency of potentially vulnerable infrastructure before a disaster strikes, and be able to more quickly evaluate damage after a disaster. Bahamas Real Estate