Housing & Development

Housing & Development

CBIA Chairman Horace Hogan’s Remarks During Press Conference on State of the Industry at...

June 18, 2009 - (RealEstateRama) — Good morning, and thank you for joining us today, either in person or by conference call. I don’t think that I have to tell any of you that California’s homebuilding industry is in the worst shape ever. You have heard the statistics


KW Acquisitions in Last 12 Months Reach 1,000 Residential Units Valued at $250 Million. LOS ANGELES, CA - June 16, 2009 - (RealEstateRama) — An investment partnership led by the international real estate services and investment firm Kennedy Wilson has acquired the remaining 149 units in The Mercury, a 22-story luxury condominium tower on the corner of Wilshire Boulevard and Western Avenue, from investors led by Forest City Residential West. Vince Norris of Hendricks & Partners represented both the buyer and seller in the transaction.

California New-Home Market Continues to Stablize, CBIA Announces

CBIA calls on lawmakers to extend homebuyer tax credit to continue housing recovery. SACRAMENTO, CA - June 10, 2009 - (RealEstateRama) — The pace of home sales at California new-home communities continued to show signs of stabilization in April thanks in part to the new-home tax credit that went into effect in March, the California Building Industry Association reported today.

Santa Maria Is the Latest City to Reduce Development Fees

June 4, 2009 - (RealEstateRama) — The city of Santa Maria this week became the latest California jurisdiction to reduce development impact fees it charges homebuilders, which the California Building Industry Association said is a growing trend that is paying off.

Two More Jurisdictions Reduce Development Fees in Half

June 01, 2009 - (RealEstateRama) — The city of Menifee in Riverside County and the Scotts Valley Unified School District in Santa Cruz County are the latest California jurisdictions to significantly reduce fees charged to homebuilders, which the California Building Industry Association said is a growing trend that is paying off.

US Industrial REIT III Acquires Home Depot USA Distribution Facility In California’s Central Valley

May 29, 2009 - (RealEstateRama) — US Industrial REIT III, an affiliate of USAA Real Estate Company, announced the recent acquisition of a 657,600-square-foot Class A bulk distribution facility occupied by specialty retailer, Home Depot USA, Inc. in Tracy, California on a 15 year lease for an undisclosed sum.

Single-Family Home Construction Up Again in April, CBIA Announces

Homebuilders hope for a second round of the homebuyer tax credit. SACRAMENTO, CA - May 26, 2009 - (RealEstateRama) — Single-family home construction in California showed a significant increase in April when compared to March and was the largest monthly total since October of 2008, which the California Building Industry Association said provided more evidence that the homebuyer tax credit enacted in the beginning of March is helping to clear out inventory and generate new-home construction.

Statement regarding May 19 Special Election Results

May 20, 2009 - (RealEstateRama) — Robert Rivinius, President and CEO of the California Building Industry Association (CBIA), made the following statement on the results of the decision of California voters to reject the budget reforms and tax increases contained in Propositions 1A through 1E

Thousand Oaks Cuts Key Development Fee to Zero

Ventura County city suspends affordable housing fees for at least one year to encourage homebuilding . May 18, 2009 - (RealEstateRama) —The city of Thousand Oaks is the latest jurisdiction to reduce development fees in an effort to jump-start homebuilding and its local economy, which the California Building Industry Association noted is a move that is paying off for a growing number of communities around the state

Corona Joins Growing List of Communities Reducing Development Fees

May 13, 2009 - (RealEstateRama) — California homebuilders today recognized the city of Corona as the latest jurisdiction to reduce development fees in an effort to jump-start homebuilding and its local economy

Tax Credit Helps Boost New-Home Sales, CBIA Announces

SACRAMENTO, CA - May 12, 2009 - (RealEstateRama) — Thanks in part to the California new-home tax credit that went into effect in March, the pace of home sales at California new-home communities has begun to show signs of stabilizing, California Building Industry Association reported

Turner Selected To Manage Construction Of $500 Million Terminal 2 Expansion At San Diego...

New York, N.Y., May 7, 2009 – Turner Construction Company was selected to serve as the design builder for the expansion of Terminal 2 at the San Diego International Airport in San Diego, Calif. The projected construction cost for the Terminal and Airside expansion is $500 million. Turner will manage the construction of the 470,000 sq. ft. expansion as the majority partner in a joint venture that includes Flatiron Corp., Turner’s sister company, and PCL Construction Services, Inc. The project is targeting a LEED Silver Certification from the United States Green Building Council upon completion in 2012

President Recognizes California’s Energy-Efficiency Efforts

New Homes Help State Hold Energy Usage Flat During Past 30 Years. April 29, 2009 - (RealEstateRama) — California homebuilders today thanked President Obama for recognizing the outstanding job California has done in reducing energy consumption – due in large part to the energy-efficiency of new homes built during the past 30 years.

C.A.R. launches 2009 consumer ad campaign

LOS ANGELES, CA - April 23, 2009 - (RealEstateRama) — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) this week launched its 2009 consumer ad campaign, “Your Piece of California. Your Peace of Mind.” The goal of the campaign is to raise awareness of the REALTOR® brand and reinforce the professionalism of California REALTORS®, while addressing concerns home buyers and sellers may have about today’s market.

Asia Society: Green Buildings to Green Cities

Asia Society Northern California, Bay Area Council in Conjunction with the HBANC Present: Scaling Up: from Green Buildings to Green Cities in the US and China

Brown Praises EPA’s Preliminary Determination that Greenhouse Gases Endanger Public Health or Welfare

SACRAMENTO, CA - April 21, 2009 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. today commended the Environmental Protection Agency for taking the federal government's "first concrete step toward curbing global warming" by issuing a proposed determination that greenhouse gases endanger public health or welfare.

New-Home Sales Still Historically Slow in February, CBIA Announces

SACRAMENTO, CA - April 15, 2009 - (RealEstateRama) — The pace of home sales at California new-home communities continued to be historically slow during February but at least showed a modest improvement over January, the California Building Industry Association reported today. But Robert Rivinius, CBIA’s President and CEO, said he is confident March sales figures will show a significant increase due to the landmark California tax credit for new-home buyers that went into effect at the beginning of the month.

Permit Issued to Create Six-Inch Cap Over Former Landfill Property

April 13, 2009 - (RealEstateRama) — The owner of the property located at 6400 Loynes Drive has received an emergency permit issued by the California Coastal Commission (CCC), which authorizes the import of 1,000 cubic yards of dirt to cap any exposed landfill property, per orders to comply from the California Integrated Waste Management Board and the South Coast Air Quality Management District.

Housing Production Continues Decline in February, CBIA Announces

SACRAMENTO - March 25, 2009 - (RealEstateRama) — Housing production continued to decline in February, the California Building Industry Association announced today, but CBIA officials were optimistic as builders reported increased traffic at sales offices in recent weeks and cited the recently enacted state and federal tax credits as the primary cause

Brown and Contractors State License Board Stop Massive Statewide Home Repair Scheme

SAN DIEGO, CA - March 24, 2009 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. and the Contractors State License Board (CSLB) have finalized an agreement that will stop a massive service and repair scheme that unfairly overcharged thousands of Californians for "shoddy and woefully inadequate" home repair work.

Popular Government & Nonprofit Press Releases

Special Interests Dim Opportunity For California To Commit To 100% Clean...

Despite overwhelming support from 76% of its constituents, the California State Assembly deferred a vote on Friday on the landmark Senate Bill 100, which would have committed the state to generating 100 percent of its electricity from renewable and zero-carbon sources by 2045. Defying both what’s best for the Golden State and the will of the people, utility companies and electrical unions succeeded in their last-minute ploy to push the bill to next year’s legislative session

Recent Government & Nonprofit Press Releases


Rep. Pete Aguilar announced that Knowledge and Education for Your Success, Inc. (KEYS), a nonprofit organization affiliated with the San Bernardino Housing Authority, received $625,325 in renewal funding for the fifth consecutive year from the Department of Veterans Affairs through the Supportive Services for Veteran Families (SSVF) Program. The program aims to provide services to low-income veterans and their families who are living in, or transitioning to, permanent housing.