California RealEstateRama

LA QUINTA, CA - January 30, 2013 - (RealEstateRama) -- Lynn Coker, Dwight Capitani, and Michael Meade with NAI Capital’s Palm Desert office represented the Seller, Calle Estado LLC, and the Buyer, Miller Family Holdings, LLC, in the sale and purchase of an 10,726 sq. ft. mixed-use property located at Plaza Estado at 78115 Calle Estado in La Quinta. The value of the sales transaction was $1.4 Mil.

La Jolla, CA - January 28, 2013 - (RealEstateRama) -- The number of California homeowners pushed into the foreclosure process fell last quarter to the lowest level in six years, the result of rising home values, an improving economy and a shift toward short sales, a real estate information service reported.

YUCCA VALLEY, CA - January 23, 2013 - (RealEstateRama) -- Theodore Zwicker and Patti Hawley, both with the West L.A. office, represented the Seller, GL Yucca Valley, LLC, in the sale of an 18,046 sq. ft. Rite Aid retail property located at 57701 Twenty Nine Palms Highway in Yucca Valley to the Buyer, Timothy Hopkins. The outside brokerage was Marcus & Millichap and the value of the sales transaction was approximately $5.7 Mil

SACRAMENTO, CA - January 23, 2012 - (RealEstateRama) -- After a 10-day trial, a federal jury found Hoda Samuel, 60, of Elk Grove, guilty of a conspiracy to commit mortgage fraud and of 30 individual counts of mail fraud.

January 18, 2012 - (RealEstateRama) -- The City of Long Beach Department of Health and Human Services (Health Department) conducts the count, which is required by the U.S. Department of Housing and Urban Development (HUD). This count defines the scope of homelessness, both in the community and across the nation, and helps to determine existing resources, identify gaps, and highlight progress toward ending homelessness.

January 17, 2012 - (RealEstateRama) -- Today, in response to the Consumer Financial Protection Bureau’s (CFPB) release of National Mortgage Servicing rules, the California Reinvestment Coalition’s Associate Director Kevin Stein released this statement

NATIONWIDE - January 16, 2012 - (RealEstateRama) -- Bennard Gillison, Senior Vice President with NAI Capital’s Corporate Headquarters in Encino, CA, has been retained as the exclusive broker for Primero Management Incorporated. Primero Management is a National owner and operator of Class A and B type shopping centers. This exclusive agreement adds over 1 million square feet of leasable space to the portfolio of retail shopping centers represented by NAI Capital and NAI Global

Oakland, CA - January 14, 2012 - (RealEstateRama) -- Redgwick Construction has purchased a +-10,000SF industrial building at 21 Hegenberger Court Oakland CA. The building had +-2500SF office area, 16ft clear height, outside storage and drive in loading. The Seller (Wells Fargo Bank) was represented by Craig Hagglund and Brian Barden of Lee & Associates Oakland Office, and the Buyer was represented by Brian Barden and Neil Cowperthwaite of Lee & Associates Oakland Office

TORRANCE, CA - January 14, 2012 - (RealEstateRama) -- Peter J. Lund and Scott Crane with NAI Capital’s West L.A. office represented the Seller, Hawthorne Promenade LLC, a subsidiary of Torrance based Arenda Capital Management, LLC in the sale of a 7,440 Sq. Ft. retail property located at 20016 Hawthorne Boulevard in Torrance to the Buyer, Ron B. Tucker. The value of the sales transaction was $5 Mil.

January 11, 2012 - (RealEstateRama) --Today Mayor Edwin M. Lee and Supervisor Malia Cohen celebrated the completion of Phase One of the HOPE SF Hunters View public housing project, the first of five public housing sites slated to be redeveloped as part of the City’s HOPE SF initiative, and welcomed 25 San Francisco families (14 former Hunters View public housing families and 11 new families) to their new homes in one of the most ambitious, nationally-recognized public housing revitalization initiatives

SANTA ANA, CA - January 11, 2012 - (RealEstateRama) -- Federal authorities have arrested five people allegedly involved in a “builder bailout” real estate scheme that fraudulently purchased more than 100 condominium units around the country with mortgages that mostly went into default, resulting in foreclosures and millions of dollars in losses

UPLAND, CA - January 10, 2012 - (RealEstateRama) -- Vicky Espinosa, Kevin Zullo, Samantha Zoleta, and Fred Encinas with NAI Capital’s Ontario office represented the Seller, Hutton Companies, in the sale of a 1.1 acre parcel located at 2410 W. Arrow Route in Upland, CA to the Buyer, Walbern Development USA, Inc., represented by Lee and Associates.

SACRAMENTO, CA - December 21, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the California Homeowner Bill of Rights, a landmark package of legislation that extends key mortgage and foreclosure protections to California homeowners and borrowers, will take effect on January 1, 2013

Los Angeles, CA - December 21, 2012 - (RealEstateRama) -- A San Gabriel man who was scheduled to be sentenced on Monday but failed to appear in court is being sought by the FBI, announced Bill Lewis, Assistant Director in Charge of the FBI’s Los Angeles Field Office, and André Birotte Jr., the United States Attorney in Los Angeles

Washington, DC - December 13, 2012 - (RealEstateRama) -- Rep. Mike Thompson and a bipartisan group of 29 Senators and Representatives sent a letter to President Obama Wednesday calling for Master Limited Partnerships and Real Estate Investment Trusts to be a priority in the federal government’s “all of the above” energy strategy. The letter was led by the lead sponsors of the bipartisan Master Limited Partnerships Parity Act: U.S. Senators Chris Coons (D-Del.) and Jerry Moran (R-Kan.), and U.S. Representatives Ted Poe (R-TX-02), Mike Thompson (D-CA-01) and Peter Welch (D-VT-AL). The legislation, H.R. 6437 and S. 3275, will modify the federal tax code to make it easier and more attractive for private capital to invest in renewable energy

WASHINGTON, DC - December 5, 2012 - (RealEstateRama) -- The General Services Administration (GSA) today announced additional details for the possible redevelopment of highly valuable but significantly underdeveloped and underutilized federal property in the heart of Washington, DC. Economic Development, Public Buildings and Emergency Management Subcommittee Chairman Jeff Denham (R-Turlock) called the GSA proposal a long overdue but positive step forward

LOS ANGELES, CA - December 5, 2012 - (RealEstateRama) -- The Department of Veterans Affairs (VA) has selected a contractor to seismically upgrade and renovate Building 209 on the north end of the VA Greater Los Angeles Healthcare System (GLAHS), West Los Angeles campus. The contract was awarded today to Westport Construction Company in Arcadia, CA. This project will create approximately 190 construction jobs. Construction is scheduled to be completed in spring 2014

WASHINGTON, D.C. - November 30, 2012 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D-CA) introduced legislation to help homeowners who live in FEMA Special Flood Hazard Areas and whose homes have sustained major damage from a fire or other unforeseen event to rebuild their homes. The Fire Damaged Home Rebuilding Act of 2012 would amend the National Flood Insurance Act of 1968 to require FEMA to create a waiver process to consider on a case-by-case basis allowing these homeowners to rebuild their homes without elevation requirements, while ensuring their flood insurance costs remained the same as their neighbors.

LOS ANGELES, CA - November 29, 2012 - (RealEstateRama) -- A Glendale man has agreed to plead guilty to federal fraud charges, admitting that he ran three separate scams, including a Ponzi scheme that defrauded 30 families out of more than $8 million.

SAN FRANCISCO, CA - November 22, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced a $10.4 million grant program for organizations that provide housing counseling and legal services to homeowners. The grant funds were secured through the National Mortgage Settlement with the goal of providing assistance to homeowners impacted by California's foreclosure crisis.