California RealEstateRama
North San Diego County Completes $1.3 Million Retail Lease on Behalf of Dollar Tree
Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 120-month lease for a 8,720 square-foot retail space located at 2707 North Bristol Street in Santa Ana, California. The value of the lease is approximately $1,308,000
Torres Presents $300,000 Grant to NPHS to Advance Sustainable Homeownership and Financial Education
Today, Rep. Norma J. Torres (D-Pomona) and Neighborhood Partnership Housing Services (NPHS) proudly announced the awarding of $293,000 to advance sustainable homeownership and financial education throughout the Inland Empire. The much-needed funding was provided by NeighborWorks® America to NPHS, a congressionally chartered non-profit community development organization dedicated to revitalizing local neighborhoods through homeownership and wealth building.
VICTORIA GARDENS BREAKS GROUND ON MODERN REDEVELOPMENT ENCOMPASSING 1.19 ACRES OF THE DESTINATION SHOPPING...
Victoria Gardens has announced that it will break ground on a full streetscape renovation encompassing 1.19 acres of the center along its Monet Avenue, according to Melina Ferraez, Director of Marketing for Victoria Gardens.
REP. PETE AGUILAR HOSTS ROUNDTABLE DISCUSSION WITH VETERANS
Today, Rep. Pete Aguilar (CA-31) hosted a roundtable discussion with veterans to discuss critical issues facing our veterans today, including health care, the VA backlog, housing, and unemployment. Local veterans, representatives from veterans’ organizations, and health care professionals participated in the roundtable held at the San Bernardino Veterans of Foreign Wars (VFW) Post 8737
KEEP YOUR HOME CALIFORNIA EXPANDS CRITERIA OF PROGRAMS TO HELP HOMEOWNERS ATTAIN AFFORDABLE MORTGAGE...
Keep Your Home California announced today changes to help more low and moderate income homeowners, who are struggling with their monthly mortgage payments, remain in their homes as part of the free mortgage-assistance program
Mayor Garcetti Launches “Save the Drop” Campaign
Mayor Eric Garcetti today launched a major, citywide water conservation outreach campaign – 'Save the Drop.' With the Mayor's executive directive on water conservation creating strong tools to reduce water use and address the drought, including a $3.75 per square foot rebate for lawn replacement, Mayor Garcetti is now taking the necessary next step to connect Angelenos with those tools through an unprecedented outreach effort
Mayor Launches L.A.’S First-Ever Sustainable City Plan
Sets targets and details actions in 14 categories to improve city's environment, economy and equity in anticipation of 500,000 more Angelenos by 2035; achieves progress by 2017 on issues like water conservation, clean energy, waste, green jobs, transportation, and air quality
Garamendi Urges Immediate Action to Keep Communities Safe at Oil-By-Rail Press Conference with Federal...
Congressman John Garamendi (D-Fairfield, CA), the former Deputy Secretary of the U.S. Department of the Interior, hosted a press conference in Davis to urge the implementation of stronger safety standards for hazardous material transported by rail, especially Bakken crude oil. Sensitive infrastructure and 16 million Americans are near these railroad shipment lines
Rep. Mark Takano Statement on March Air Reserve Base Receiving Department of Transportation Grant...
Rep. Mark Takano (D-CA) released the following statement after the Department of Transportation announced that March Air Reserve Base in Riverside, CA has been awarded a $2.5 million grant for infrastructure improvements
UNIRE GROUP LEADS CONSTRUCTION PROJECT, INDICATIVE OF CRE INDUSTRY TREND
Unire Real Estate Group is proud to announce its management of the rehabilitation of a 228,000-square-foot industrial building in Torrance, Calif. on the highly visible intersection of South Vermont Avenue and Knox Street, near the 110 and 405-freeways. Under Unire Group’s management, contractor Norm Wilson and Sons will remove approximately 25,000 square feet of usable space off the rear of the building, creating an additional 12 dock doors from 20-32.
Liberty SBF Closes On $1.1MM SBA 504 Loan For a Hotel Acquisition in Palm...
Liberty SBF, a full-service commercial real estate finance company, recently provided a $1.1MM first lien SBA 504 Loan from its own balance sheet for the acquisition of a 24-room, 33,330 square-foot, non-flagged hotel in Palm Springs, CA. Liberty SBF also provided an interim second lien loan so the borrowers could quickly close while waiting for the second lien that will be provided by a Long Beach, CA-based Certified Development Company (CDC).
Hunt Mortgage Group Refinances a Multifamily Property Located in Fremont, California
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $17 million Fannie Mae loan facility to refinance a multifamily property located in Fremont, California.
Lee & Associates Negotiates the Sale and Lease Back of Industrial Building in San...
Lee & Associates-North San Diego County negotiated a $5.450 million sale and lease back of a 50,220-square-foot industrial building located at 495 Enterprise Street in San Marcos
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud...
Felony charges were filed today in the U.S. District Court of the Northern District of California in Oakland against Ramin Yeganeh of San Mateo, California.
McCarthy Statement on California Water Restrictions
“The current drought in California is devastating. Today’s order from the governor should not only alarm Californians, but the entire nation should take notice that the most productive agriculture state in the country has entered uncharted territory. We have experienced extreme drought conditions in years past but thanks to the most sophisticated water system in the country that captured and stored water during the wet years for use during the dry years, our communities and farmers survived
Intercontinental Real Estate Corporation and MG Properties Group Complete Largest Multifamily Acquisition in...
Intercontinental Real Estate Corporation (“Intercontinental”), a national real estate investment, development, and management firm headquartered in Boston, MA, and MG Properties Group (“MG”), a private San Diego-based real estate investor and operator, have announced their acquisition of the Madison Park Apartments in Anaheim, California. At 768 units, this is the largest single property by number of units to be purchased in Southern California since 2013. The price was not disclosed
California Housing Finance Agency Announces New Program To Preserve and Create Affordable Multifamily Rental...
The California Housing Finance Agency (CalHFA) today announced the Conduit Issuer Program, a new program that helps affordable housing developers access tax-exempt and taxable bond funds to aid in the preservation and development of affordable housing projects throughout California.
Rep. Peters, Labor Secretary Perez Highlight Local Organization Serving Homeless Veterans
U.S. Congressman Scott Peters (CA-52) and U.S. Secretary of Labor Thomas Perez toured the Homeless Veteran Reintegration Program at People Assisting the Homeless (PATH) in Downtown San Diego
J.C. Casillas Joins NAI Capital as Director of Research and Public Relations
NAI Capital, a member of the world’s premier managed network of commercial real estate firms, announced today that J.C. Casillas has joined NAI Capital as director of research and public relations for NAI Capital’s 14 offices in the Los Angeles, Orange, San Bernardino, Riverside and Ventura Counties.
Hunt Mortgage Group Provides a Bridge Loan for the Acquisition of a Multifamily Property...
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $5.904 million portfolio bridge loan to finance the acquisition of a Patio Village Apartments.