Housing Authority Receives Four Star Performance Award for Third Consecutive Year

February 15, 2011 - (RealEstateRama) -- On January 26 the Los Angeles Worksource Investment Board (WIB) recognized the Housing Authority of the City of Los Angeles with its prestigious Four Star Performance Award. This is the third consecutive year that HACLA receives the award. The award recognizes the outstanding Workforce Investment Act performance for program year 2009-2010.

Former Stockton Real Estate Investor Sentenced for Mortgage Fraud

SACRAMENTO, CA - February 15, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today that United States District Judge William B. Shubb sentenced Iftikhar Ahmad, 40, of Stockton, to 21 months in prison, to be followed by three years of supervised release, and restitution in the amount of $382,750 for multiple counts of mail fraud relating to a scheme involving the fraudulent submission of mortgage loan applications. Ahmad pleaded guilty on April 28, 2008


ONTARIO, CA - August 27, 2010 - (RealEstateRama) -- CT Realty Investors ( of Aliso Viejo, Calif., has acquired the Archibald Business Center in Ontario, Calif., for $9.5 million. The property was purchased from Bixby Land Co. through a joint venture between CT Realty and Dallas-based Behringer Harvard Opportunity REIT II Inc


ALISO VIEJO, CA - July 12, 2010 - (RealEstateRama) -- Aliso Viejo, Calif.-based CT Realty Investors has announced that Dean P. Washle has joined the company as vice president of multi-family acquisitions. Washle will be responsible for locating, analyzing and evaluating multi-family opportunities for potential acquisition. He will also conduct market surveys, investigate local economic factors, government policy and regulations, and evaluate their effects on long-term investment potential.

IHM About-Face: Stewardship 2010

Thousand Oaks, CA - May 5, 2010 - (RealEstateRama) -- In 2007, Investors Hospitality Management (“IHM”) introduced the hospitality industry’s first sustainable 3rd party management and ownership services company, whose mantra “stewardship with sustainability”, was adopted by many industry media and green hoteliers. From IHM’s initial emphasis on sustainability, however, John Glen DiGuiseppe, IHM Founder/CEO, recognizes it’s time for an industry about-face as he states: “Stewardship in the 2010 US economy as “the essential condition for profitability”

Royce to Host Combat Fraud Forum

April 28, 2010 - (RealEstateRama) -- On Friday, May 7, 2010 Rep. Ed Royce (R-CA) will host a Combat Fraud Forum at the Cypress Community Center located at 5700 Cypress Avenue from 1:00 p.m. to 3:00 p.m. Attendees will obtain information on identity theft, mortgage loans and lending, investment scams, charity fraud, Medicare fraud and more

Federal Home Loan Bank of San Francisco’s Board of Directors Appoints Three New Members...

San Francisco, CA - February 9, 2010 - (RealEstateRama) -- The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed three new members to its Affordable Housing Advisory Council (AHAC)—Jasmine Borrego of TELACU; Joel Jacinto of Search to Involve Pilipino Americans (SIPA); and Dean Matsubayashi of Little Tokyo Service Center Community Development Corporation (LTSC). The Bank’s AHAC is a 15-member group that provides guidance on affordable housing and economic development issues and helps shape the Bank’s community investment grant programs and credit products

Rep. Baca Sponsors Legislation to Give First Preference to Primary Residency Home Buyers

Washington, DC - February 3, 2010 - (RealEstateRama) -- Today, Congressman Joe Baca (D-Rialto) introduced legislation to give certain preferences to individuals and families committed to rebuilding communities when purchasing government owned residential property. The First Look at Primary Residence Act requires the federal government, and Fannie Mae and Freddie Mac, to consider purchase offers from only those who plan to use the property as their primary residence for the first 15 days that the properties are listed. After that time period, the seller is allowed to consider any offer.

Orange County Association of REALTORS renews Clarus MarketMetrics and Clarus Investor as member benefits

LOS ANGELES, CA - January 5, 2010 - (RealEstateRama) -- Real Estate Business Services Inc. (REBS) today announced that the Orange County Association of REALTORS (OCAR) has signed an agreement to provide both Clarus MarketMetrics and Clarus Investor as free member benefits for an additional 12 months. Clarus MarketMetrics and Clarus Investor®, together, retail for $480 for an annual subscription.

Clear Capital APPOINTS Mike ousley to lead appraisal Team

30-Year Industry Veteran Brings Extensive Real Estate Assessment Expertise to Top Appraisal Post. Truckee, CA - December 22, 2009 - (RealEstateRama) -- Clear Capital, a premium provider of data and solutions for real estate asset valuation, investment and risk assessment, today announced the appointment of Mike Ousley as the company's Executive Vice President, Appraisal Group, reporting to Duane Andrews, Clear Capital CEO, and Kevin Marshall, Clear Capital President.

House Financial Services Committee Passes Rep. Miller’s Amendment to Sunset the Home Valuation Code...

Washington, DC - October 22, 2009 - (RealEstateRama) -- During the House Financial Services Committee mark-up of H.R. 3126, the Consumer Financial Protection Agency Act, the Committee approved an amendment offered by Rep. Gary Miller (R-CA) to sunset the Home Valuation Code of Conduct (HVCC).

Mortgage Lender is Sentenced to 63 Months in Custody in Connection with Real Estate...

SAN FRANCISCO, CA - September 15, 2009 - (RealEstateRama) -- Cheryl Hernandez Camus was sentenced today to 63 months in prison, and ordered to pay $1,457,255 in restitution for mail and wire fraud in connection with a real estate investment scheme, United States Attorney Joseph P. Russoniello announced.

MEDIA ADVISORY: Royce to Host Combat Fraud Forum

Washington, DC - August 11, 2009 - (RealEstateRama) -- Representative Ed Royce (R-CA) will host a forum on combating fraud on Wednesday, August 19, 1:00 pm at the Buena Park Senior Activity Center located at 8150 Knott Avenue. The event, free of charge and open to the public, will provide information on Identity Theft, Mortgage Loan and Lending, Investment Scams, and Charity Fraud.


Beverly Hills, CA - July 29, 2009 - (RealEstateRama) -- Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will be conducting a grand opening auction for 35 luxurious, loft-style condominiums at The Dalton in Pasadena. The lure of exceptionally low starting bids is building excitement among frustrated first-time homebuyers shut out of Pasadena's desirable downtown until now.

Kennedy Wilson Awarded 1.2 Million Square Feet of New Management Assignments

BEVERLY HILLS, CA - April 01, 2009 - (RealEstateRama) — Kennedy Wilson Properties, LTD. (KWP), a division of the international real estate services and investment company Kennedy Wilson, has been retained for 1.2 million square feet of new management assignments, of which 850,000 square feet are located on the West Coast, according to Jim Rosten, president of KWP.

Pelosi: With This Housing Bill, We Can Protect the American Dream and Preserve It...

Washington, D.C. - March 10, 2009 - (RealEstateRama) — Speaker Nancy Pelosi released the following statement on the House’s passage of HR 1106, the Helping Families Save Their Homes Act, by a vote of 234 to 191

Oakland Association of REALTORS provides Clarus Investor and ePUBS for WINForms as member benefit

LOS ANGELES, CA - February 16, 2009 - (RealEstateRama) — Real Estate Business Services Inc. (REBS) today announced that the Oakland Association of REALTORS® (OAR) signed an agreement to provide Clarus™ Investor™ and ePUBS for WINForms® as new member benefits

Grubb & Ellis Company Represents ENGlobal Expansions in Houston and Beaumont

SANTA ANA, CA - February 10, 2009 - (RealEstateRama) — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Robert Bantly and Scott Fikes with the Houston office negotiated two leases totaling 133,326 square feet on behalf of ENGlobal Corporation (NASDAQ: ENG), a leading provider of engineering and professional services to the midstream and downstream sectors of the energy industry.

Boxer Calls for Major Infrastructure Investment to Create Jobs, Boost Economic Recovery

San Francisco, CA - October 30, 2008 - (RealEstateRama) — U.S. Senator Barbara Boxer (D-CA), Chairman of the Senate Committee on Environment and Public Works, held a press conference today to call for major investments in America’s infrastructure to create jobs and restore the economy. Prepared text of her remarks follows.

C.A.R. 2008 Survey of California Home Buyers

Home price declines, low mortgage rates motivating home buyers, according to C.A.R.’s “2008 Survey of California Home Buyers”. Seventy-seven percent of first-time home buyers say lower home prices played critical role in decision to purchase a home

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Real Estate Investor Sentenced to 30 Months in Prison for Rigging...

A real estate investor was sentenced today for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Michael Marr was charged on Nov. 19, 2014, in an indictment returned by a federal grand jury in the Northern District of California.