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RealEstateRama

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San Diego’s Credit Rating Upgraded, Positioning the City for Lower-Cost Infrastructure Projects

Highlighting the City of San Diego’s strong fiscal practices and healthy local economy, Fitch Ratings has upgraded the City’s credit rating – a move that could lower future borrowing costs for infrastructure projects.
GOVERNOR BROWN

GOVERNOR BROWN TAKES ACTION TO BOLSTER DAM SAFETY AND REPAIR TRANSPORTATION AND WATER INFRASTRUCTURE

With extreme weather putting increasing stress on California's roads, bridges and flood control system, Governor Edmund G. Brown Jr. today announced a series of immediate and longer-term actions to bolster dam safety, improve flood protection and fix the state's aging transportation and water infrastructure

Massachusetts Gives California a Run for its Money in the Race to 100% Renewable...

Clean energy supporters in Massachusetts announced legislation, backed by more than a quarter of the state legislature, committing Massachusetts to meeting 100 percent of its electricity needs from renewable energy by 2035 and all of its energy needs, including heating and transportation, from renewable sources by 2050

Rep. Vargas Introduces the “Imperial Valley Desert Conservation and Recreation Act”

Congressman Juan Vargas (CA-51) introduced the Imperial Valley Desert Conservation and Recreation Act (H.R. 827). This bill designates and transfers land in order to protect key habitats and creates new recreational areas including permitting motorized recreation on designated routes.

California State Historical Resources Commission to Consider 10 Properties for Action

The California State Historical Resources Commission (Commission) will consider 10 nominations for federal historic designation Friday, February 3. The Commission meeting will be held at 9 a.m. in the Justice Anthony M. Kennedy Library and Learning Center in the Robert T. Matsui Federal Courthouse, located at 501 I Street, Suite 1-400, Sacramento

MAN SENTENCED TO FOUR YEARS IN PRISON FOR MANUFACTURING EXPLOSIVE DEVICE IN ANAHEIM MOBILE...

A man was sentenced to four years in state prison today for manufacturing an explosive device in his mobile home in Anaheim while streaming on Facebook Live. Jeff Edward Reece, 34, pleaded guilty to one felony count of possession of an explosive and one felony count of attempted arson of an inhabited property.

Silicon Valley Association of REALTORS® Recognizes Members for Outstanding Contributions

At the installation of the 2017 leadership of the Silicon Valley Association of REALTORS® (SILVAR) on Jan. 19, special recognition awards were given to members for their valuable contributions in 2016. Presenting the following awards were SILVAR 2016 President Karen Trolan and Executive Officer Paul Cardus

2017 SILICON VALLEY REALTORS® LEADERSHIP INSTALLED

The Silicon Valley Association of REALTORS® (SILVAR) 2017 leadership team was installed on Jan. 19 at the Los Altos Golf & Country Club. California Association of REALTORS® (C.A.R.) 2006 President Vince Malta administered the oath of office to SILVAR’s new president, officers and board of directors.

Congressman Lowenthal Renamed as Ranking Member of Energy and Mineral Resources Subcommittee

Congressman Alan Lowenthal on January 24 was renamed ranking minority member of the House Natural Resources Committee's Subcommittee on Energy and Mineral Resources (EMR), which oversees American energy production and mining on federal lands – both onshore and offshore. This will be Congressman Lowenthal’s second Congressional term as ranking member on EMR

NAPOLITANO REELECTED RANKING MEMBER OF WATER RESOURCES SUBCOMMITTEE, ANNOUNCES COMMITTEE ASSIGNMENTS FOR 115TH CONGRESS

Rep. Grace F. Napolitano proudly announced her reelection to serve as the Ranking Democratic Member of the House Transportation and Infrastructure Subcommittee on Water Resources and Environment and the rest of her committee assignments for the 115th Congress

Rep. Bass Condemns Trump’s Executive Actions that Roll Back Environmental Protections, Advance the Dakota...

Rep. Karen Bass (D-Calif.) released the following statement on President Trump’s decision to sign an executive order to advance the Dakota Access and Keystone XL Pipelines, while freezing grants and contracts at the Environmental Protection Agency

Reps. Huffman and Rohrabacher Introduce Bipartisan Legislation To Ease Tax Burden on Homeowners Making...

Congressmen Jared Huffman (D-San Rafael) and Dana Rohrabacher (R-Costa Mesa) led a bipartisan group of 5 members of Congress in reintroducing the Water Conservation Rebate Tax Parity Act today, legislation to amend Federal tax law to clarify that homeowners do not need to pay income tax when they receive rebates from water utilities for water conservation and water runoff management improvements that they have made

AGUILAR ASSIGNED TO HOUSE APPROPRIATIONS SUBCOMMITTEES

Rep. Pete Aguilar was assigned to the Appropriations Subcommittee on Energy, Water Development, and Related Agencies and the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies on the powerful House Appropriations Committee

Water Scarce to Recharge Groundwater Basins, New Report Shows

A first-of-its-kind analysis of California’s water resources shows that bringing local groundwater basins into sustainable balance -- as state law demands – will require investments and innovations in integrated water management including conservation, storm water capture, recycling, desalination, water transfers, diversion, conveyance and storage.

FOIA Request Seeks Data on Reverse Mortgage Foreclosures at Steve Mnuchin’s Former Bank

Earlier today, two nonprofit groups submitted a Freedom of Information Act (FOIA) request about reverse mortgage foreclosures conducted against seniors by Financial Freedom, a reverse mortgage servicer previously owned by Steven Mnuchin, who has been nominated for the United States Treasury Secretary position by President Elect Trump.

Rep. Calvert Reintroduces the REBUILD Act

Congressman Ken Calvert (CA-42) reintroduced the Reducing Environmental Barriers to Unified Infrastructure and Land Development (REBUILD) Act, H.R. 481. The legislation would cut red tape and reduce costs for infrastructure projects.

Congressman Mark DeSaulnier To Serve On Transportation and Infrastructure Committee

Congressman Mark DeSaulnier (CA-11) announced that he has been appointed to the House Committee on Transportation and Infrastructure in the 115th Congress. In addition, he will continue to serve on the House Education and Workforce Committee.

Rep. Peters Named to Influential Energy and Commerce Committee for 115th Congress

U.S. Congressman Scott Peters (CA-52) was selected by his Democratic colleagues to serve on the House Energy and Commerce Committee during the 115th Congress. The committee has jurisdiction over legislation and regulation pertaining to energy and the environment, healthcare, telecommunications, and interstate commerce, making it one of the most influential policy-making bodies in Congress.

Rep. Denham Re-Introduces “New WATER Act,” Requests Local Authorities to Increase Capture of Storm...

U.S. Representative Jeff Denham (R-Turlock) today re-introduced H.R. 434, the “New Water Available To Every Reclamation State Act” (New WATER Act) to authorize a pilot project to help finance development of water resources infrastructure in reclamation states, such as California.

115th Congress Subcommittee Assignments Released

Chairman of the House Appropriations Committee, Rodney Frelinghuysen announced subcommittee memberships for the 115th Congress. U.S. Congressman David G. Valadao (CA-21) will serve on the Agriculture Subcommittee, the Military Construction and Veteran Affairs Subcommittee, as well as the Transportation, Housing, and Urban Development Subcommittee

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CBRE National Retail Partners West Completes Sale of BeachWalk in Solana...

CBRE’s John Read announced that his National Retail Partners – West (NRP-West) team along with Reg Kobzi in CBRE’s San Diego office completed the sale of BeachWalk, a 54,973 square-foot coastal retail center in the city of Solana Beach, Calif. Situated along Highway 101, the property is steps to the Pacific Ocean, walking distance to the Cedros Design District and Amtrak Train Station, and less than a mile from the world famous Del Mar Fairgrounds, site of the Del Mar Racetrack. The sale price was $33.25 million. More...

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Homebuyers Can Now Use Income from ADUs to Help Qualify for...

The California Housing Finance Agency has revised its guidelines so first-time homebuyers may apply rental income from an Accessory Dwelling Unit (ADU) toward loan qualification. This update follows the guidelines of Fannie Mae and the Federal Housing Administration and will take effect on May 1, 2017