Archive for December, 2007
California Coastal Communities, Inc. Delivers First Homes at Brightwater
December 27, 2007 Posted by California RealEstateRama
IRVINE, Calif., Dec. 27 /PRNewswire-FirstCall/ — California Coastal Communities, Inc. (Nasdaq: CALC) announced that it recently delivered the first nine homes at its 356-home Brightwater community. These nine homes generated cash proceeds of $11 million, or $1.2 million per home.
Hines Acquires Hawthorne Plaza in San Francisco
December 26, 2007 Posted by California RealEstateRama
SAN FRANCISCO, CA - December 26, 2007 - Hines, the international real estate firm, announced today that in partnership with RREEF’s Real Estate Opportunity Fund (REOF), it has acquired Hawthorne Plaza in San Francisco’s South Financial District. The two-building office complex, located at 75 Hawthorne Street and 95 Hawthorne Street, was purchased from TMG Partners and […]
Kennedy Wilson Auctions and Sells 31 New Homes In Oxnard in 90 Minutes
December 20, 2007 Posted by California RealEstateRama
BEVERLY HILLS, Calif. (December 3, 2007) – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted a special close out auction of 31 new homes in the gated community of Westwind in Oxnard, California on December 2, 2007.
Another Internet Expert Lands at Move, Inc.
December 19, 2007 Posted by California RealEstateRama
Former Sun Microsystems & eBay Analytics Expert Joins Expanding Team of ExpertsLOS ANGELES, Dec. 19 /PRNewswire-FirstCall/ — Move, Inc. (Nasdaq: MOVE), the leader in online real estate, continues to attract world class talent with the appointment of Gilbert FitzGerald as vice president of analytics. FitzGerald, who brings a 20-year track record of success to Move […]
Olson Homes’ Depot Walk is First Attached New-Home Community in California to Earn LEED(R) Certification
December 18, 2007 Posted by California RealEstateRama
All-solar home community earns LEED(R) Silver rating from USGBC
ORANGE, Calif., Dec. 17 /PRNewswire/ — Olson Homes, a pioneer in sustainable building practices and a leader in California’s move towards in-town, urban living since 1988, is the first attached, new-home community in California to earn LEED Certification from the US Green Building Council (USGBC) and attain […]
California Foreclosure Report Notes Big Lender Discounts In November
December 14, 2007 Posted by California RealEstateRama
ForeclosureRadar today issued today its California Foreclosure Report which showed a total of 12,282 properties with a loan value of $4.91 Billion dollars sold at auction in November. In addition to a review of foreclosure stats and county rankings, the California Foreclosure Report notes a significant rise in lender discounts at the foreclosure auctions. This […]
Comerica Bank Offers Two New Mortgage Programs to Rebuild Homes Damaged or Destroyed in California Wildfires
December 13, 2007 Posted by California RealEstateRama
SAN DIEGO, Dec. 12 /PRNewswire-FirstCall/ — Comerica Bank today announced two new mortgage programs especially designed for California homeowners whose primary homes suffered wildfire damage.
HOLIDAY HOME TOUR EVENT RAISES BIG MONEY FOR SAN DIEGO’S STEP-UP PROGRAM
December 13, 2007 Posted by California RealEstateRama
SAN DIEGO, CA, 12/12/2007 – Rex Downing & Associates, a leading real estate firm, and interior decorating firm, Fine Living, announce their donation to the Step-Up Program from the proceeds of the Kensington Holiday Home Tour, which they co-sponsored.
J.D. Power and Associates Reports: Despite Recent Turmoil in the Mortgage Market, Overall Satisfaction with Primary Mortgage Lenders Remains Stable
December 12, 2007 Posted by California RealEstateRama
Wachovia Ranks Highest in Primary Mortgage Origination Customer Satisfaction
WESTLAKE VILLAGE, Calif.: 12 December 2007 — Although the housing market has been in turmoil for much of 2007, most borrowers have not been negatively impacted and overall satisfaction across the mortgage lending industry has remained stable since 2006, according to the J.D. Power and Associates 2007 […]
Hendricks & Partners Announces Sale of 406-Unit Apartment Community in Santa Ana, CA for $74.3 Million
December 11, 2007 Posted by California RealEstateRama
SANTA ANA, Calif., Dec. 10 /PRNewswire/ — Hendricks & Partners is pleased to announce the sale of the 406-unit Villas at Tustin Apartments, located on the west side of North Tustin Avenue (daily drive-by traffic count of 30,000 cars per day) in Central Orange County.
Grubb & Ellis Company Enters Into $75 Million Credit Facility
December 10, 2007 Posted by California RealEstateRama
SANTA ANA, Calif., Dec. 10 /PRNewswire-FirstCall/ — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment management firm, today announced that it closed its $75 million senior secured revolving credit facility with Deutsche Bank Trust Company Americas.
BRE Properties Sets Dates for Fourth Quarter and Full-Year 2007 Earnings Release and Conference Call
December 10, 2007 Posted by California RealEstateRama
SAN FRANCISCO, Dec. 10 /PRNewswire-FirstCall/ — BRE Properties, Inc. (NYSE: BRE) today announced the following schedule for its fourth quarter and full-year 2007 earnings release and conference call (please note new time for Conference Call):
Countrywide Wants to Help Dispel Home Buying Myths
December 7, 2007 Posted by California RealEstateRama
Calabasas, CA – (December 6, 2007) — It’s not hard to have questions about today’s real estate market – especially if you’re the one considering purchasing your first home or making a move. With all the recent news reports about mortgage lending options, refinancing and interest rates, there is plenty of information floating around. To […]
Countrywide Applauds Mortgage Freeze Plan
December 7, 2007 Posted by California RealEstateRama
Company’s $16 Billion Home Preservation Program Inline with New National Program
CALABASAS, Calif., Dec. 6 /PRNewswire/ — Countrywide Financial Corporation (NYSE: CFC) applauds the Administration’s endorsement of the industry’s HOPE NOW initiative to provide loan modification assistance to borrowers at risk of delinquency due to interest rate resets.
Nehemiah Corporation of America Responds to President’s Foreclosure Relief Plan
December 7, 2007 Posted by California RealEstateRama
SACRAMENTO, Calif., Dec. 6 /PRNewswire-USNewswire/ — The following statement was issued today by Scott Syphax, President and CEO of Nehemiah Corporation of America in response to President Bush’s foreclosure relief plan. Nehemiah Corporation of America is the largest and oldest private downpayment assistance provider.