Yearly Archives: 2009

BEVERLY HILLS, CA - June 24, 2009 - (RealEstateRama) — Kennedy Wilson Auction Group announced today that Jeffrey Condon has been named Vice President, Business Development. Condon is joining the group’s rapidly growing business development team in Beverly Hills.

CBIA says state new-home tax credit is generating demand for new homes and construction. SACRAMENTO, CA - June 24, 2009 - (RealEstateRama) — May single-family home starts held their own compared to April, offering additional evidence that the state new-home tax credit is generating demand for new homes and leading to a resumption of job-generating construction, the California Building Industry Association reported today

LOS ANGELES, CA - June 23, 2009 - (RealEstateRama) — calREDD™ today announced that the Chico Association of REALTORS® and the Oroville Association of REALTORS® have joined calREDD™, the statewide Multiple Listing Service (MLS)

Will oversee MERIT’s rental property management operations. Aliso Viejo, CA - June 22, 2009 - (RealEstateRama) — MERIT, a leading provider of professional community association management services, recently hired Stephen Brahs as the Vice President of MERIT Rental Property Management, Inc

Heartland Multiple Listing Service/Kansas City Regional AOR provides Clarus MarketMetrics® as member benefit. LOS ANGELES, CA - June 19, 2009 - (RealEstateRama) — Real Estate Business Services Inc. (REBS) and the Heartland Multiple Listing Service (MLS) today announced that Heartland MLS has signed an agreement to provide its members access to Clarus MarketMetrics®

June 18, 2009 - (RealEstateRama) — Good morning, and thank you for joining us today, either in person or by conference call. I don’t think that I have to tell any of you that California’s homebuilding industry is in the worst shape ever. You have heard the statistics

KW Capital Markets to Be Based in New York. BEVERLY HILLS, CA - June 17, 2009 - (RealEstateRama) — William J. McMorrow, chairman and chief executive officer of real estate services and investment firm/advisory firm Kennedy Wilson, today announced the appointment of Donald J. Herrema as executive vice chairman of the company and chief executive officer of its newly formed division Kennedy Wilson Capital Markets. Herrema will also join the company’s Executive Committee and be located in Kennedy Wilson’s New York City office which will open simultaneous with his appointment.

KW Acquisitions in Last 12 Months Reach 1,000 Residential Units Valued at $250 Million. LOS ANGELES, CA - June 16, 2009 - (RealEstateRama) — An investment partnership led by the international real estate services and investment firm Kennedy Wilson has acquired the remaining 149 units in The Mercury, a 22-story luxury condominium tower on the corner of Wilshire Boulevard and Western Avenue, from investors led by Forest City Residential West. Vince Norris of Hendricks & Partners represented both the buyer and seller in the transaction.

CBIA calls on lawmakers to extend homebuyer tax credit to continue housing recovery. SACRAMENTO, CA - June 10, 2009 - (RealEstateRama) — The pace of home sales at California new-home communities continued to show signs of stabilization in April thanks in part to the new-home tax credit that went into effect in March, the California Building Industry Association reported today.

calREDD™ announces intent to join CARETS. LOS ANGELES, CA - June 5, 2009 - (RealEstateRama) — calREDD™ today announced its intent to join California Real Estate Technology Services (CARETS). calREDD™, an acronym for California Real Estate Dynamic Data, embodies the long-term vision of creating one database for all California real property, with a focus on developing advanced technology that goes beyond current MLS systems. Formed in 2006, CARETS is a data aggregation service comprised of six MLSs in Southern California that share a vision of uniform data access, unified rules, and ease of use. CARETS now serves 30 REALTOR® associations and 100,000-plus members in Southern California.

June 4, 2009 - (RealEstateRama) — The city of Santa Maria this week became the latest California jurisdiction to reduce development impact fees it charges homebuilders, which the California Building Industry Association said is a growing trend that is paying off.

SACRAMENTO, CA - June 3, 2009 - (RealEstateRama) — Taking place at the Sacramento Convention Center from June 3 - 4, the California REALTOR® Showcase will feature exhibitors highlighting the latest real estate products and services to help REALTORS® stay informed. Presented by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), the California REALTOR® Showcase will be open on June 3 from 12 noon to 5 p.m. and on June 4 from 10 a.m. to 4 p.m.

June 01, 2009 - (RealEstateRama) — Los Angeles County Assessor Rick Auerbach today announced completion of a decline in value review of 473,000 homes and condominiums in Los Angeles County. Auerbach stressed that due to the declining real estate market, it was his responsibility to review values to make sure homes are properly assessed.

June 01, 2009 - (RealEstateRama) — The city of Menifee in Riverside County and the Scotts Valley Unified School District in Santa Cruz County are the latest California jurisdictions to significantly reduce fees charged to homebuilders, which the California Building Industry Association said is a growing trend that is paying off.

C.A.R. Education’s Face2Face interactive video conferencing program to offer NAR designations. LOS ANGELES, CA - June 01, 2009 - (RealEstateRama) — Real Estate Business Services® (REBS®) today announced the launch of Face2Face, C.A.R. Education’s new video conferencing program. Face2Face will deliver dynamic, interactive training to REALTORS® at up to four local associations in California simultaneously. The live presentation will be sent via a video feed to the local association in real-time, enabling every member to see and hear the same thing at the same time, for the ultimate learning experience. Students can instantly respond and interact with the instructor through this approach.

C.A.R. reports April home sales increased 49.2 percent, median home price declined 36.5 percent. LOS ANGELES, CA - May 29, 2009 - (RealEstateRama) — Home sales increased 49.2 percent in April in California compared with the same period a year ago, while the median price of an existing home declined 36.5 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

May 29, 2009 - (RealEstateRama) — US Industrial REIT III, an affiliate of USAA Real Estate Company, announced the recent acquisition of a 657,600-square-foot Class A bulk distribution facility occupied by specialty retailer, Home Depot USA, Inc. in Tracy, California on a 15 year lease for an undisclosed sum.

SAN FRANCISCO, CA - May 29, 2009 - (RealEstateRama) — The San Francisco office of Hines, the international real estate firm, announced today that 75 Hawthorne at Hawthorne Plaza is the first multi-tenant office building in San Francisco to receive Gold certification under the U.S. Green Building Council’s LEED® for Existing Buildings rating system. 75 Hawthorne is a 20-story Class A office building that is owned and managed by Hines.

WASHINGTON, DC - May 28, 2009 - (RealEstateRama) — California’s Tri-Valley region has been named a 2009 Ambassador City by the National Association of Realtors^® and the U.S. Conference of Mayors for its Tri-Valley Housing Opportunity Center, a nonprofit housing counseling organization that promotes affordable rental and homeownership opportunities.

May 28, 2009 - (RealEstateRama) — With signs pointing to a slow recovery for the new housing market, a bill is quickly making its way through the California Legislature that would add two years to existing tentative subdivision and parcel maps.