California RealEstateRama

IRVINE, CA - January 10, 2012 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez, President of HI Urban Retail Advisors represented the buyer in the purchase of the 6,150-square-foot ground-floor retail condominium of a 263-unit luxury condominium building, known as Luma, within the heart of Downtown Los Angeles, Calif. The purchase price was $2.62 million.

Orange County, CA - January 10, 2012 - (RealEstateRama) -- In the fourth quarter of 2011, the Orange County office market displayed positive net absorption for the sixth consecutive quarter, posting 819,510 square feet – the most occupation of space since the first quarter of 2007, according to the Fourth Quarter Market Report from Voit Real Estate Services. In addition, activity volume reached its highest level since 2006, and both vacancy and availability decreased from the previous quarter.

January 5, 2012 - (RealEstateRama) -- Councilmember Dee Andrews, 6th District, The Long Beach Housing Development Company (LBHDC) and Jamboree Housing Corporation (Jamboree) are proud to announce the start of the rehabilitation of Pinecrest Apartments located at 1893 – 1911 Pine Avenue. Three severely blighted buildings will be rehabilitated to provide affordable housing for local families. The public is invited to a "Wallbreaking" Ceremony at 1:00 pm on Thursday, January 5, at 1893 Pine Ave.

ALISO VIEJO, CA - January 5, 2012 - (RealEstateRama) -- A partnership between CT Realty Investors and Behringer Harvard announced today the sale of Archibald Business Center, a Class A 231,000-square-foot corporate headquarter distribution center located at 2021 So. Archibald Ave. in Ontario, Calif. In a $15 million transaction, the business property was sold to Beauty 21 Cosmetics and will serve as their corporate headquarters and primary regional distribution facility.

IRVINE, CA - January 4, 2012 - (RealEstateRama) -- Sperry Van Ness International, a large and fast-growing franchisor, today announced Shari Tucker-Gasser has been appointed National Director of Retail Properties for Sperry Van Ness International. Tucker-Gasser will serve as a liaison for Sperry Van Ness International’s retail affiliates covering 145 markets nationally, providing leadership, guidance and strengthening the retail capabilities of the franchise.

ORANGE COUNTY, CA - January 3, 2012 - (RealEstateRama) -- Voit Real Estate Services’ Irvine office has successfully completed the $6.5 million sale of the Mission Foothills Professional Building, a 52,091 square-foot office property located at 20532 El Toro Road in Mission Viejo, Calif. This three-story, Class A property features rent-ready office suites ranging from one to ten rooms, according to Dan Vittone, Senior Vice President in Voit’s Irvine office.

Orange County, CA - January 3, 2012 - (RealEstateRama) -- The first annual “SPIRE Awards” program, recognizing commercial real estate achievements by men and women in Orange County, has been announced by the Commercial Real Estate Women, Orange County chapter (CREW-OC).

SAN DIEGO, CA - January 3, 2012 - (RealEstateRama) -- Voit Real Estate Services’ San Diego office has completed the $2.9 million sale of Canyon Terrace, a 28,444 square-foot industrial property located at 9170-9190 Camino Santa Fe in San Diego, Calif.

COLTON, CA - December 20, 2011 - (RealEstateRama) -- The Hodgdon Group, a full-service real estate brokerage, development and construction firm, announced today that it has completed construction on the conversion of the former Levitz building at Northridge Fashion Center in Northridge, Calif., for the opening of an Ashley Furniture HomeStore. Hodgdon-Miank Construction served as the full-service design-build contractor and completed the major renovation of the 34,000-square-foot freestanding Ashley Furniture HomeStore. This is the 12th Ashley HomeStore to open, which has been completed by the Hodgdon Group.

Los Angeles, CA - December 19, 2011 - (RealEstateRama) -- Voit Real Estate Services’ Anaheim office has completed two industrial property sales encompassing 47,620 square feet for a total consideration of $4.8 million in Greater Los Angeles.

VISTA, CA - December 19, 2011 - (RealEstateRama) -- San Diego may rank 9th amongst Forbes Magazine’s list of “America’s Top 10 Safest Cities”, yet San Diego County Sheriff Bill Gore warns, “Criminals don’t take the holidays off. In fact, the busy travel and holiday season provides increased opportunity for unsuspecting and distracted residents to fall victim to opportunistic crooks and con artists.”

ALISO VIEJO, CA - December 19, 2011 - (RealEstateRama) -- Robert M. “Bob” Campbell, one of the most influential leaders in the California commercial real estate industry for more than four decades, passed away on Dec. 15, 2011, in Newport Beach, Calif. He passed peacefully at home surrounded by his wife, children and grandchildren. Campbell was 71.

SACRAMENTO, CA - December 14, 2011 - (RealEstateRama) -- The U.S. District Court in Sacramento today unsealed an indictment against four real estate investors and an auctioneer for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Sharis A. Pozen, Acting Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced.

December 13, 2011 - (RealEstateRama) -- The California Building Industry Association (CBIA) released the following statement today on the recent Field Poll conducted on behalf of the Association of California Water Agencies (ACWA) which asked Californians their opinions on the proposed state water bond and its importance to the state’s prosperity and economy

LOS ANGELES, CA - December 12, 2011 - (RealEstateRama) -- Federal authorities have charged an Austin, Texas man with having operated a foreclosure-rescue scam in Los Angeles and elsewhere that falsely promised the owners of more than a thousand distressed properties that they could indefinitely postpone foreclosure sales.

December 12, 2011 - (RealEstateRama) -- Mayor Edwin M. Lee today announced a new $3 million Home for the Holidays initiative to provide housing for San Francisco homeless families. Beginning immediately, the initiative will target families in San Francisco in immediate need with children in public schools to move them into vacant public housing units or provide rent subsidies for rental units in the private market. Key to funding this program involves the rental subsidy portion that includes the formation of a public and private partnership between Marc and Lynne Benioff and the Salesforce.com Foundation, community based non-profit organizations and the City in order to provide immediate relief to families in need and a home for the holidays.

IRVINE, CA - December 12, 2011 - (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 William B. Asher and Jeremy S. McChesney represented the buyer and seller in the sale of a single-tenant Walgreens in Lake Elsinore, Calif. The purchase price was $8,086,409.

SAN FRANCISCO, CA - December 9, 2011 - (RealEstateRama) -- James Stanley Ward, Edward George Locker, and Richard Ferguson Tipton pleaded guilty in federal court in San Francisco to conspiracy to commit mail and wire fraud, United States Attorney Melinda Haag announced. Ward and Locker entered their guilty pleas on Dec. 6, 2011. Tipton entered his plea today.

LOS ANGELES, CA - December 7, 2011 - (RealEstateRama) -- Attorneys General Kamala D. Harris of California and Catherine Cortez Masto of Nevada today announced that their states have entered into a joint investigation alliance designed to assist homeowners who have been harmed by misconduct and fraud in the mortgage industry.

Chino, CA - December 6, 2011 - (RealEstateRama) -- Voit Real Estate Services’ Inland Empire office has successfully facilitated two new industrial subleases in Chino, including a nine-month, 200,000 square-foot industrial sublease at 4281 Edison Avenue; as well as a 150,660 square-foot, 13.5-month industrial sublease at the adjacent property, located at 4361-4371 Edison Avenue.