Yearly Archives: 2007

IRVINE, Calif., Dec. 27 /PRNewswire-FirstCall/ -- California Coastal Communities, Inc. (Nasdaq: CALC) announced that it recently delivered the first nine homes at its 356-home Brightwater community. These nine homes generated cash proceeds of $11 million, or $1.2 million per home.

SAN FRANCISCO, CA - December 26, 2007 - Hines, the international real estate firm, announced today that in partnership with RREEF’s Real Estate Opportunity Fund (REOF), it has acquired Hawthorne Plaza in San Francisco’s South Financial District. The two-building office complex, located at 75 Hawthorne Street and 95 Hawthorne Street, was purchased from TMG Partners and Farallon Capital Management. The San Francisco office of Eastdil Secured represented TMG and Farallon Capital in the sale. Hines will assume property management and leasing responsibilities

BEVERLY HILLS, Calif. (December 3, 2007) – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted a special close out auction of 31 new homes in the gated community of Westwind in Oxnard, California on December 2, 2007.

LOS ANGELES, Dec. 19 /PRNewswire-FirstCall/ -- Move, Inc. (Nasdaq: MOVE), the leader in online real estate, continues to attract world class talent with the appointment of Gilbert FitzGerald as vice president of analytics. FitzGerald, who brings a 20-year track record of success to Move in evidence-based data analysis management and optimization of business outcomes and ecommerce, will lead site-wide analysis projects to further enhance the consumer and advertiser experience on the Move network of sites

ORANGE, Calif., Dec. 17 /PRNewswire/ -- Olson Homes, a pioneer in sustainable building practices and a leader in California's move towards in-town, urban living since 1988, is the first attached, new-home community in California to earn LEED Certification from the US Green Building Council (USGBC) and attain a Silver rating. The model homes at Depot Walk feature green construction materials, eco-smart interiors and solar efficiencies.

ForeclosureRadar today issued today its California Foreclosure Report which showed a total of 12,282 properties with a loan value of $4.91 Billion dollars sold at auction in November. In addition to a review of foreclosure stats and county rankings, the California Foreclosure Report notes a significant rise in lender discounts at the foreclosure auctions. This is an important precedent not only for investors, but for Realtors working to get short sale and REO offers approved.

SAN DIEGO, Dec. 12 /PRNewswire-FirstCall/ -- Comerica Bank today announced two new mortgage programs especially designed for California homeowners whose primary homes suffered wildfire damage.

SAN DIEGO, CA, 12/12/2007 – Rex Downing & Associates, a leading real estate firm, and interior decorating firm, Fine Living, announce their donation to the Step-Up Program from the proceeds of the Kensington Holiday Home Tour, which they co-sponsored.

WESTLAKE VILLAGE, Calif.: 12 December 2007 — Although the housing market has been in turmoil for much of 2007, most borrowers have not been negatively impacted and overall satisfaction across the mortgage lending industry has remained stable since 2006, according to the J.D. Power and Associates 2007 Primary Mortgage Origination Study released today.

SANTA ANA, Calif., Dec. 10 /PRNewswire/ -- Hendricks & Partners is pleased to announce the sale of the 406-unit Villas at Tustin Apartments, located on the west side of North Tustin Avenue (daily drive-by traffic count of 30,000 cars per day) in Central Orange County.

SANTA ANA, Calif., Dec. 10 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment management firm, today announced that it closed its $75 million senior secured revolving credit facility with Deutsche Bank Trust Company Americas.

SAN FRANCISCO, Dec. 10 /PRNewswire-FirstCall/ -- BRE Properties, Inc. (NYSE: BRE) today announced the following schedule for its fourth quarter and full-year 2007 earnings release and conference call (please note new time for Conference Call)

Calabasas, CA – (December 6, 2007) — It's not hard to have questions about today's real estate market – especially if you're the one considering purchasing your first home or making a move. With all the recent news reports about mortgage lending options, refinancing and interest rates, there is plenty of information floating around. To help provide some clarity, Countrywide Home Loans offers some tips from its nearly 40 years of experience.

CALABASAS, Calif., Dec. 6 /PRNewswire/ -- Countrywide Financial Corporation (NYSE: CFC) applauds the Administration's endorsement of the industry's HOPE NOW initiative to provide loan modification assistance to borrowers at risk of delinquency due to interest rate resets.

SACRAMENTO, Calif., Dec. 6 /PRNewswire-USNewswire/ -- The following statement was issued today by Scott Syphax, President and CEO of Nehemiah Corporation of America in response to President Bush's foreclosure relief plan. Nehemiah Corporation of America is the largest and oldest private downpayment assistance provider.

CALABASAS, Calif., Dec. 6 /PRNewswire-FirstCall/ -- It's not hard to have questions about today's real estate market -- especially if you're the one considering purchasing your first home or making a move. With all the recent news reports about mortgage lending options, refinancing and interest rates, there is plenty of information floating around. To help provide some clarity, Countrywide Home Loans offers some tips from its nearly 40 years of experience.

WALNUT CREEK, Calif., Dec. 6 /PRNewswire-FirstCall/ -- The PMI Group, Inc. (NYSE: PMI) announced support for the U.S. Department of the Treasury's new plan to bring together mortgage industry participants, government agencies, and non-profit organizations to reduce preventable foreclosures.

All of your questions concerning what to do with those mysterious Private Mortgages will be answered at this Work Shop. Buying and selling private mortgage notes will also be featured in this workshop.

Sacramento, CA, December 6, 2007 -- Duggs Realty, L.L.C., a leading real estate investment firm announced today it is expanding its service offerings for real estate investors.

News Conference to Announce Plans for Famed Pantages Theatre. Original plans approved by City of LA in 1929 are now set to be complete