Yearly Archives: 2010
NIXON PEABODY EXPANDS REAL ESTATE PRACTICE ON WEST COAST
San Francisco, CA - September 27, 2010 - (RealEstateRama) -- International law firm Nixon Peabody LLP announces the arrival of partner Allan E. Low. A resident in the firm’s San Francisco office, Mr. Low will be a member of the real estate practice group focused on real estate finance, transactions and real estate development projects. He joins Nixon Peabody from Luce Forward in San Francisco.
Councilmember Alarcon and the Los Angeles NeighborWorks Center for Foreclosure Solutions
Los Angeles, CA - September 24, 2010 - (RealEstateRama) -- In partnership with Councilmember Richard Alarcon and the Los Angeles NeighborWorks® Center for Foreclosure Solutions (CFS) families who are in mortgage distress and facing foreclosure can get immediate help at the upcoming Help & Hope Fair.
Congresswoman Richardson Announces $14.9 Million in Housing and Urban Development Grants for Long Beach
WASHINGTON, DC - September 24, 2010 - (RealEstateRama) -- Today, Congresswoman Laura Richardson announced that Long Beach has been awarded $14.9 million in grants from the U.S. Department of Housing and Urban Development (HUD). These grants were awarded through three different HUD programs targeted at providing decent housing and living environments for low- and moderate-income persons.
IDX solution brings home search process to the finger tips of Southern California home...
EUGENE, OR - September 24, 2010 - (RealEstateRama) -- Today, Martin Bressem and IDX, Inc. unveil their joint-venture on the real estate website Bressem represents. IDX Broker software now seamlessly integrates California Real Estate Technology Services (CARETS) property listings onto his search page to give potential buyers a dynamic database of properties to search through. By utilizing an IDX solution, Bressem has reinforced his dedication to serving his clients with the best online property search around.
Sacramento area properties displayed online with IDX Broker software, thanks to Realtor Eric Brooks
EUGENE, OR - September 23, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce Eric Brooks of Keller Williams Realtors has adopted a customized IDX solution for his real estate website. Now, home seekers around Fairfield, California can scan through the Bay Area Real Estate Info Systems (BAREIS) quickly and efficiently on the search page of Brooks. Never before has it been simpler for potential buyers to connect with area agents and brokers to begin the property search process online.
August sales and price report
LOS ANGELES, CA - September 22, 2010 - (RealEstateRama) -- California home sales edged up 1.8 percent from July, but were down 14.9 percent from August 2009, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The statewide median home price also increased 1.2 percent from July and was up 8.6 percent from a year ago.
Total Housing Starts Rise for Fourth Straight Month in August, CBIA Announces
SACRAMENTO, CA - September 22, 2010 - (RealEstateRama) -- Total housing production in California continued to rise for the fourth month in a row in August even as single-family production posted the lowest monthly total since February 2009, the California Building Industry Association announced today.
FORMER MORTGAGE LENDER EMPLOYEE SENTENCED FOR PERJURY BEFORE THE GRAND JURY
SACRAMENTO, CA - September 21, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that John B. Ngo, 29, of San Ramon, was sentenced today by United States District Judge William B. Shubb to nine months in prison, to be followed by two years of supervised release. Ngo pleaded guilty on December 17, 2007 to one count of making a false declaration before the grand jury.
Former Mortgage Lender Employee Sentenced for Perjury Before the Grand Jury
SACRAMENTO, CA - September 21, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that John B. Ngo, 29, of San Ramon, was sentenced today by United States District Judge William B. Shubb to nine months in prison, to be followed by two years of supervised release. Ngo pleaded guilty on December 17, 2007 to one count of making a false declaration before the grand jury.
Jamboree Housing Corporation Adds H.O.M.E.S., INC. to its Growing Family of Companies
Irvine, CA (September 20, 2010) – Jamboree Housing Corporation today announced that H.O.M.E.S., Inc. (Helping Our Mentally Ill Experience Success) will become affiliated with Jamboree on an ongoing basis. According to Laura Archuleta, Jamboree’s president, the decision came after months of discussions between the two organizations’ boards of directors and takes effect October 1, 2010. Like Housing with HEART, Jamboree’s resident services group, H.O.M.E.S. will continue to operate as a separate 501(C)(3) organization under the Jamboree name and governance.
Gov. Schwarzenegger Applauds Final Loans for Clean Energy Business Financing Program
September 16, 2010 - (RealEstateRama) -- Governor Arnold Schwarzenegger today issued the following statement after the California Energy Commission approved the final four loans, totaling more than $13.4 million, for the state’s Clean Energy Business Financing Program (CEBFP) for California-based manufacturers of solar products. These four low interest loans awarded to Morgan Solar, Inc; Solar Power, Inc; Quantum Fuel Systems Technologies Worldwide, Inc. and the Solaria Corporation complete the state's CEBFP. Using American Recovery and Reinvestment Act (Recovery Act) funds, this program has provided a total of almost $29 million in federal stimulus money to eligible businesses and has retained or created about 1,588 clean energy manufacturing jobs in California
SACRAMENTO REAL ESTATE INVESTOR SENTENCED FOR FILING FALSE TAX DOCUMENTS WITH THE IRS
SACRAMENTO, CA - September 16, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today that Wallace Chin, 72, of Sacramento, was sentenced today by United States District Judge John A. Mendez to 12 months and one day in prison, to be followed by six months of home detention, and one year of supervised release. Chin was also required to pay $104,997 in restitution to the Internal Revenue Service. He pleaded guilty on May 25, 2010 to one count of filing a false tax return.
Leading Affordable Housing Attorney Joins Nixon Peabody; Firm Welcomes Partner Gary Downs in San...
September 13, 2010 - (RealEstateRama) -- With more than 20 years of experience in the industry, Gary has earned the deserved reputation as a ‘go-to’ attorney in the affordable housing industry,” said Stephen J. Wallace, leader of Nixon Peabody’s Affordable Housing practice. “His arrival significantly expands our affordable housing practice on the West Coast.”
Baca Announces HUD Neighborhood Stabilization Grants Awarded to Inland Area
Washington, DC - September 10, 2010 - (RealEstateRama) -- Today, Congressman Joe Baca (D-Rialto) announced that San Bernardino County and the cities of Fontana, Ontario, Rialto, and San Bernardino have collectively been awarded over $20 million in Neighborhood Stabilization Program (NSP) grant funding from the Department of Housing and Urban Development (HUD). The NSP is designed to assist states and local governments in addressing the effects of abandoned and foreclosed housing.
Savannah and Augusta to Receive Over $2 Million in Funding to Stabilize Neighborhoods Hard...
Washington, DC - September 9, 2010 - (RealEstateRama) -- Congressman John Barrow (GA-12) announced today that Savannah and Augusta will receive a combined $2.18 Million in funding to reverse the effects of the foreclosure crisis. The City of Savannah will receive $1,027,553 and Augusta-Richmond County will receive $1,161,297. The grants announced today will provide targeted emergency assistance to state and local governments to acquire, redevelop, or demolish foreclosed properties.
Congresswoman Matsui Announces $8.2 Million in Federal Funding to Stabilize Sacramento Housing Market
SACRAMENTO, CA - September 9, 2010 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D-Sacramento) announced that the Sacramento area will receive $8.2 million in Federal funding to help support and stabilize our local housing market. Funding will be used to purchase and redevelop foreclosed and abandoned homes. The funding was made available by the Department of Housing and Urban Development’s (HUD) as part of the third round of grant funding announcements under the Neighborhood Stabilization Program (NSP3), and includes $4.5 million for Sacramento County and $3.7 million for the City of Sacramento. NSP3 funding is designed to assist communities that have suffered from high rates of home foreclosures and abandonment
Southern California listings now seamlessly displayed on real estate website with IDX Broker software
EUGENE, OR - September 9, 2010 - (RealEstateRama) -- Antelope Valley MLS (ANTV) listings are now synced directly with real estate broker Jared Erfle and his search page. IDX, Inc. has enabled his website with their dynamic IDX Broker software, giving his professional website a leg up on his competition by offering his clients a thorough and easy-to-use online property search. Home seekers can now browse thousands of listings from the comfort of their own home and the convenience of the unique real estate website of Erfle
First American Title Insurance Company Announces AGENTFIRST™ Real Estate Mobile Application For Android And...
September 8, 2010 - (RealEstateRama) -- First American Title Insurance Company today announced that its AgentFirst™ mobile application for Android™ and BlackBerry® smartphones is now available for free download.
FORMER PRESIDENT OF SACRAMENTO MORTGAGE LENDING COMPANY INDICTED FOR RUNNING INVESTMENT FRAUD SCHEME
SACRAMENTO, CA - September 7, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today that on September 2, 2010, a federal grand jury returned a nine-count indictment charging James Berghuis, 38, formerly of Sacramento, now residing in Laguna Niguel, with mail fraud, wire fraud, and money laundering. The indictment was unsealed this afternoon as a result of Berghuis’s arrest earlier today
Benchmark Contractors Achieves LEED for Homes Platinum Rating at Casa Dominguez: First Multifamily Project...
EAST RANCHO DOMINGUEZ, CA - September 2, 2010 - (RealEstateRama) -- The sustainable building efforts of Benchmark Contractors working in collaboration with developer and architect Abode Communities, have resulted in Casa Dominguez, the first-ever LEED for Homes Platinum certified multifamily development in Los Angeles County and the second within the State of California