Press Releases
| Housing & Development |
California Housing Starts Continue Decline in October, CBIA Announces
November 24, 2009 Posted by CBIA
SACRAMENTO, CA - November 24, 2009 - (RealEstateRama) — Construction of new homes in California continued to decline in October, prompting California homebuilders to call on state lawmakers to reexamine the benefits of the state new-home buyer tax credit enacted earlier this year in hopes of getting similar legislation passed to stimulate the housing sector and the economy, the California Building Industry Association announced today.
California Housing Affordability Continues to Decrease, CBIA Announces
November 24, 2009 Posted by CBIA
California still home to half of the top 20 least affordable markets. SACRAMENTO, CA - November 24, 2009 - (RealEstateRama) — Housing affordability continued to creep downward throughout the state during the third quarter of 2009 as a result of incremental price increases due to increased demand for homes, the California Building Industry Association said today
MAYOR VILLARAIGOSA APPOINTS DOUGLAS GUTHRIE AS NEW GENERAL MANAGER OF THE LOS ANGELES HOUSING DEPARTMENT
November 23, 2009 Posted by California RealEstateRama
LOS ANGELES, CA - November 23, 2009 - (RealEstateRama) — Mayor Antonio Villaraigosa today announced the appointment of Douglas Guthrie as the new General Manager of the Los Angeles Housing Department (LAHD). Mr. Guthrie brings with him a wealth of experience in community development, housing affordability and urban policy.
New-Home Construction Dips in September, CBIA Announces
October 26, 2009 Posted by CBIA
SACRAMENTO, CA - October 26, 2009 - (RealEstateRama) — New-home construction dipped again in September leading California homebuilders to strengthen the call for the Legislature to extend the successful homebuyer tax credit, the California Building Industry Association announced today
MERIT Promotes Joe Price to Northern California Vice President of Community Management
October 12, 2009 Posted by MERIT
Sacramento, CA - October 12, 2009 - (RealEstateRama) — MERIT, a leading provider of professional community association and rental management services, promoted Joe Price to Northern California Vice President of Community Management. Price will be responsible for leading the Northern California division while positioning for growth in the East Bay, Central Valley, Stockton and San Francisco markets.
New-Home Sales Continue Their Sluggish Pace In August, CBIA Announces
October 12, 2009 Posted by CBIA
SACRAMENTO, CA - October 12, 2009 - (RealEstateRama) — New home sales in California remained at historic low levels in August signaling that the state’s housing sector may be slow to recover from a stubborn recession. The California Building Industry Association reported today that sales in new-home communities of 10 units or more, though better than July’s steep decline, were 13 percent below August 2008
CALIFORNIA REALTOR® EXPO 2009 opens today in San Jose
October 7, 2009 Posted by CAR
SAN JOSE, CA - October 7, 2009 - (RealEstateRama) — CALIFORNIA REALTOR® EXPO 2009, the state’s largest real estate trade show, opens today at 5 p.m. at the San Jose Convention Center in San Jose, Calif. Running Oct. 6-8, CALIFORNIA REALTOR® EXPO 2009 features more than 50 cutting-edge seminars, hot new products, and networking opportunities for California REALTORS®. CALIFORNIA REALTOR® EXPO 2009 also offers more than 150 exhibit booths and is expected to attract more than 7,000 attendees. Educational seminars range from hands-on computer training and social networking for business to short sales and home staging.“CALIFORNIA REALTOR® EXPO 2009 provides an invaluable networking and educational opportunity to California REALTORS®,” said C.A.R. President James Liptak. “The event has something for everyone, whether a new REALTOR® curious about how to thrive in California’s ever-changing market, or a seasoned veteran looking for new ways to boost their bottom line.”
Turner Completes $480 Million Terranea Resort in Rancho Palos Verdes, Calif.
July 6, 2009 Posted by California RealEstateRama
Turner Completes Project in 23 Months - 18 Days Ahead of Schedule. New York, N.Y. - July 6, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s leading general builder, has completed the $480 million Terranea Resort project in Rancho Palos Verdes, Calif. in 23 months, 18 days ahead of schedule. Turner served as the manager of preconstruction and construction services for the resort on behalf of owner/developer Los Angeles-based Lowe Enterprises.
Kennedy Wilson Auction Group Appoints Jeff Condon as Vice President, Business Development
June 24, 2009 Posted by California RealEstateRama
BEVERLY HILLS, CA - June 24, 2009 - (RealEstateRama) — Kennedy Wilson Auction Group announced today that Jeffrey Condon has been named Vice President, Business Development. Condon is joining the group’s rapidly growing business development team in Beverly Hills.
Single-Family Home Construction Up Again in April, CBIA Announces
May 26, 2009 Posted by CBIA
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 Posted by CBIA
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
May 18, 2009 Posted by CBIA
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 Posted by CBIA
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
May 12, 2009 Posted by CBIA
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 International Airport
May 7, 2009 Posted by California RealEstateRama
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
