California RealEstateRama

PEORIA, AZ - June 22, 2012 - (RealEstateRama) -- A Pasadena, CA investor paid $3.4 million for a Chase Bank ground lease located at the SEC of Lake Pleasant Rd. & Happy Valley Rd., in Peoria.

Burlington, Vermont - June 21, 2012 - (RealEstateRama) -- The Champlain Housing Trust announced today that the organization has been selected as a winner of the TD Charitable Foundation’s 2011 Housing for Everyone competition, one of 25 selected nationally out of a pool of about 500 submissions.

SACRAMENTO - June 20, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the Assembly Public Safety Committee passed an important piece of the California Homeowner Bill of Rights that aims to protect California homeowners from fraud and scams.

Long Beach, CA - June 19, 2012 - (RealEstateRama) -- The Neighborhood Resource Center and Union Bank will present a "First-Time Home Buyer" workshop on Saturday, June 23, from 10 am to 1 pm at 1900 Atlantic Avenue in the second floor conference room. The workshop is free, and free parking is available behind the Union Bank building.

Orange County, CA - June 19, 2012 - (RealEstateRama) -- Seth Davenport and Mitch Zehner of Voit Real Estate Services’ Anaheim office have completed two industrial transactions in Orange County encompassing 54,078 square feet for a total consideration of $6.2 million

IRVINE, CA - June 19, 2012 - (RealEstateRama) -- KTGY Group, Inc., Architecture + Planning, and some of this country's top builders/developers have earned 15 Awards of Merit in the 2012 Gold Nugget Award design and planning competition. The awards honor KTGY's outstanding commitment to research, and knowing and understanding the end-user -- both buyers and renters -- to create successful projects. The winning projects feature both single-family detached, townhomes and multifamily developments encompassing sustainable communities, mixed-use, urban infill, transit-oriented developments, and senior and campus housing. Grand Award winners will emerge from the Award of Merit circle, and all award winners will be celebrated at the Gold Nugget Awards Luncheon at PCBC on Thursday, June 28, 2012, at the Moscone Convention Center in San Francisco

BEVERLY HILLS, CA - June 18, 2012 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the acquisition of Torrey Pines, a 251-unit apartment community in West Covina, CA. The company and its partners purchased the property for $43.7 million, with $33 million in financing from Freddie Mac at 3.91%, fixed for ten years. The company’s multifamily portfolio currently consists of ownership interests in 14,114 units, including deals currently under contract.

Washington, DC - June 15, 2012 - (RealEstateRama) -- Congressman Mike Thompson (CA-01) today announced a $145,837 federal grant that will help provide permanent housing and support to veterans on the North Coast. The grant, provided through the Department of Housing and Urban Development (HUD), will be administered by the North Coast Veterans Resource Center and Humboldt County Housing Authority. The funds will be used as vouchers to provide rental assistance for homeless and disabled veterans. Twenty-five vouchers were awarded.

LOS ANGELES, CA - June 14, 2012 - (RealEstateRama) -- Michael Dixon and Ziv Kozaski with NAI Capital’s Encino office represented the Buyer, 519 Fickett, LLC, in the sale of two multifamily properties in Los Angeles. The first is a 12 Unit property located at 519 N. Fickett Street (pictured above) and the second is a 10 unit property located at 2458 Folsom Street. The combined value of both sales transactions were over $1.4M.

IRVINE, CA - June 14, 2012 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture + Planning, is pleased to announce that KTGY Principal Manny Gonzalez, AIA, NCARB, LEED AP has been invited to be a speaker at the PCBC 2012 show, Homebuilding’s Premier Tradeshow and Conference, held June 27-28, 2012, at the Moscone Center in San Francisco, Calif. Gonzalez is a frequent guest speaker and panelist at various industry events and webinars.

Washington, D.C. - June 11, 2012 - (RealEstateRama) -- U.S. Reps. Gary Peters (D-MI), John Campbell (R-CA) and Keith Ellison (D-MN) introduced the Preserving American Homeownership Act of 2012. The crux of this legislation is the creation of a principal reduction program to allow eligible homeowners to have their underwater properties revalued at a more accurate level. By implementing this program, struggling homeowners could qualify for more affordable monthly mortgage payments which would cut foreclosure rates and strengthen the housing market. And by using a shared appreciation model, taxpayers would receive a portion of future revenues from the sale of the house.

LOS ANGELES, CA - June 11, 2012 - (RealEstateRama) -- California Attorney General Kamala D. Harris today announced the arrest of two individuals in a $1.3 million Ponzi scheme that targeted Latino investors, many of whom were seniors.

IRVINE, CA - June 11, 2012 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, announced today two technology innovations for the retail industry, a Mobile Design Studio and a Site Survey App for the iPad. According to KTGY's Associate Principal Craig T. Chinn, who heads up the Retail Studio, "We have two very unique concepts that are being used by top retailers and developers nationwide, which saves them time and money, our Mobile Design Studio and a Site Survey App."

IRVINE, CA - June 11, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Patrick G. Kent represented the buyer and seller in the sale of a single-tenant Panera Bread in Temecula, Calif. The purchase price was $2,715,000, representing a 6.43% capitalization rate and $560 per square foot.

June 7, 2012 - (RealEstateRama) -- Mayor Edwin M. Lee today asked the nation’s five mortgage loan servicers that settled in the joint federal-state mortgage settlement to voluntarily pause foreclosure proceedings against homeowners who are at risk for foreclosure but could be eligible for assistance under the terms of the settlement

TUSTIN, CA - June 5, 2012 - (RealEstateRama) -- Gregory A. Fisher of Present Value Properties, Inc., a full service retail real estate brokerage, and consulting firm headquartered in Tustin, Calif., announced today that Charlie Cangelosi, a retail real estate veteran and a former partner at Retail Net Lease Properties (RNLP), Inc. for nearly 7 years, has joined Present Value Properties as Vice President and will head up Present Value Properties' new San Fernando Valley office at 20720 Ventura Blvd., Suite 220, Woodland Hills, CA 91364. Telephone: (818) 646-6100.

IRVINE, CA - June 4, 2012 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that KTGY’s Principal Manny Gonzalez, AIA, LEED AP, has been invited to participate in the Orange County Chapter’s Building Industry Association (BIA) program, "The New Apartment Dream; Placeholder or Lifestyle Choice?" on Monday, June 18, 2012. The meeting will be held at the Turnip Rose at the Grand Newport Plaza, 1901 Newport Boulevard in Costa Mesa. The moderator for the program is Michael J. Winter, Senior Vice President, Development of SARES-REGIS Group. Andy Hetzel, Marketing Director of Lewis Operating Corp. will join Gonzalez as a speaker.

LANCASTER, CA - May 31, 2012 - (RealEstateRama) -- NAI Capital’s Fariba Kavian with the West L.A. office represented the Seller, LNR Properties, in the sale of a 53,822 SF retail property located at the Lancaster Plaza at 1006, 1022, 1030, 1060 E Ave J. to the Buyer, 2429 Danalda and Kab Plaza LLC. The value of the sales transaction was over $6.4M.

SAN JOSE, CA - May 31, 2012 - (RealEstateRama) -- The three founders of S3 Partners who allegedly defrauded numerous individual investors and banks out of more than $21 million in connection with a real estate investment fraud scheme were arrested and arraigned on 33 counts of conspiracy, wire, mail, bank and securities fraud, United States Attorney Melinda Haag announced.

SACRAMENTO, CA - May 31, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the Assembly and Senate each passed important components of the California Homeowner Bill of Rights that will help protect homeowners from scams.