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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
Arcadia Gateway

Hanley Investment Group Arranges Sale of 156,000 SF Mixed-Use Retail Center for $62 Million...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in investment property sales, announced today that the firm arranged the sale of Arcadia Gateway Center, a 156,046-square-foot, mixed-use commercial center comprised of retail, medical and office building
Congressman Jerry McNerney

Rep. McNerney Statement on the Confirmation of Scott Pruitt as EPA Administrator

Congressman Jerry McNerney issued the following statement in response to the Senate confirmation of Scott Pruitt as Administrator of the U.S. Environmental Protection Agency. “Any doubt that Mr. Trump would keep his promises to protect the environment were put to an end when he nominated Mr. Pruitt to head the U.S. Environmental Protection Agency (EPA).
Congressman Jerry McNerney

Representatives McNerney, DeSaulnier and Thompson to Host Town Hall on Protecting the Affordable Care...

Representatives Jerry McNerney (CA-09), Mark DeSaulnier (CA-11) and Mike Thompson (CA-05) will host a town hall meeting on Saturday, February 18th at 10:30 a.m. in Martinez to discuss the importance of protecting the Affordable Care Act (ACA), Medicare, and Medicaid.
Congressman Paul Cook

Rep. Paul Cook Introduces Bill to Ban Drone Use That Impedes Firefighting Efforts on...

Rep. Paul Cook (R- Apple Valley) introduced the Wildfire Airspace Protection Act of 2017. This bill will institute a criminal penalty on anyone who launches a drone that interferes with fighting wildfires on federal property.
Congressman Ed Royce

Royce Highlights Benefits of Covered Agreement

U.S. Representative Ed Royce (R-Calif.), Chairman of the House Foreign Affairs Committee and a senior member of the House Financial Services Committee, highlighted the benefits of enacting a U.S.-EU covered agreement during a Housing and Insurance Subcommittee hearing entitled “Assessing the U.S.-EU Covered Agreement.”

HUD Accepts CRC’s Redlining Complaint Against CIT Group’s OneWest Bank

The California Reinvestment Coalition (CRC) was notified that its redlining complaint against CIT Group has been accepted by the Department of Housing and Urban Development on Monday this week. As a result, HUD will now begin its investigation.
Congressman Ed Royce

Royce Questions Chair Yellen on Financial System Safety and Soundness

U.S. Representative Ed Royce (R-CA) questioned Chair of the Federal Reserve Board of Governors Janet Yellen on bolstering the safety and soundness of the U.S. financial system through the CHOICE Act and housing finance reform during a House Financial Services Committee hearing entitled "Monetary Policy and the State of the Economy."
Congressman John Garamendi

Congressman John Garamendi’s Statement on FEMA approval of request for Emergency Declaration for Yuba,...

Congressman John Garamendi (D-Davis, Fairfield, Yuba City) issued the following statement after the Federal Emergency Management Agency (FEMA) approved Governor Jerry Brown’s request for an Emergency Disaster Declaration in response to the Oroville Dam spillway situation and a Major Disaster Declaration as a result of the January storms:
Douglas L. LaMalfa

LaMalfa Thanks the President for Disaster Relief Funding

Congressman Doug LaMalfa (R-Richvale) issued the following statement after President Trump declared a federal emergency for the Oroville Dam spillway event as well as the flooding in the state caused by storms in January and February. Yesterday, Congressman LaMalfa and members of the California Delegation sent a letter to the President urging that he declare a Presidential Disaster Declaration of a Major Emergency for the Oroville Dam spillway incident that forced nearly 200,000 residents to evacuate from their homes
Upland Village_SM

Hanley Investment Group Completes Sale of Grocery-Anchored Shopping Center in Upland, Calif. for $17.2...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of Upland Village, a 60,857-square-foot grocery-anchored shopping center in Upland, Calif. The sale price of $17.2 million represented a cap rate of 5.83 percent, a record low cap rate for a stabilized grocery-anchored shopping center in the Inland Empire.

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
Congressman Ed Royce

Reps. Royce, Sinema, and Sewell Push for Credit Score Competition

U.S. Representatives Ed Royce (R-CA), Kyrsten Sinema (D-AZ), and Terri Sewell (D-AL) introduced H.R. 898, the Credit Score Competition Act. The bill enables Fannie Mae and Freddie Mac to consider alternative credit scoring models when making mortgage purchasing decisions.

Sherman Introduces Legislation to Prohibit Homebuyer Tax

Congressman Brad Sherman, a senior member of the House Financial Services Committee, joined Congressman Mark Sanford (R-SC) in introducing legislation that would permanently prohibit the use of guarantee fees (g-fees) as a budget offset
ULTA Rendering

Hanley Investment Group and Coldwell Banker DuFour Realty Arrange Sale of New Single-Tenant ULTA...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Coldwell Banker DuFour Realty, announced today that the two firms completed the sale of a new construction single-tenant net-leased retail property occupied by ULTA Beauty at 2068 Dr. Martin Luther King Jr. Parkway in Chico, Calif. The sales price could not be disclosed.
Ron Penir-OpesAdvisors

Opes Advisors named Top Purchase Lender in San Luis Obispo County for second consecutive...

Real Estate Market Reports named Opes Advisors as San Luis Obispo County’s leading purchase lender for 2016. The company handled a total of 282 home purchases and 201 refinances last year, placing it in the top spot among local lenders for the second consecutive year

Northern California Man Convicted of Rigging Bids at Public Foreclosure Auctions

A federal jury convicted Thomas Joyce for his role in a conspiracy to rig bids at public real estate foreclosure auctions held in Contra Costa County, California, the Department of Justice announced today.

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.
Congressman Ed Royce

Chairman Royce Statement on Chao DOT Confirmation

U.S. Representative Ed Royce (R-Calif.), Chairman of the House Foreign Affairs Committee, released the following statement regarding the confirmation of Elaine Chao as the 18th United States Secretary of Transportation

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Northern California Real Estate Investor Sentenced for Rigging Bids at Public...

A Northern California real estate investor was sentenced yesterday for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

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Northern California Real Estate Investor Sentenced for Rigging Bids at Public...

A Northern California real estate investor was sentenced yesterday for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.