Yearly Archives: 2011

RIVERSIDE, CA - September 29, 2011 - (RealEstateRama) -- Aliso Viejo, Calif.-based CT Realty Investors Inc. (www.ctrinvestors.com) has sold two office buildings at its 43-acre Citrus Park West business park in Riverside, Calif., to the County of Riverside for $6.6 million. The Citrus Park West transaction is the second Inland Empire sale for CT Realty Investors in as many weeks.

TUSTIN, CA - September 28, 2011 - (RealEstateRama) -- Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced today it has brokered 5 transactions in Orange and Riverside counties for a total consideration of more than $6 million.

EUGENE, OR - September 28, 2011 - (RealEstateRama) -- Today, IDX, Inc. welcomes Piere Pirnejad of First Team Estates Realty. As a leading force in the Irvine, California real estate market, Pascal should support a professional website that reflects the integrity his business has, and now he does, with his IDX enabled real estate website. Tools and features IDX Broker syncs with his website make it simpler for home seekers to explore California Real Estate Technology Services MLS (CARETS) listings conveniently on his search page. These dynamic and detailed property listings makes it easier than ever before to find the perfect California home online.

LOS ANGELES, CA - September 27, 2011 - (RealEstateRama) -- California pending home sales climbed in August from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The year-to-year increase was the highest level since July 2009.

Torrance, CA - September 27, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $3 million sale (5 percent cap rate) on a 3,500-square-foot In-N-Out Burger restaurant, a regional chain of fast food restaurants in the western U.S., located at 12890 Gregg Court, in Poway, Calif.

Los Angeles, CA - September 26, 2011 - (RealEstateRama) -- The University of Southern California Ross Minority Program in Real Estate, a professional training program that teaches real estate fundamentals to individuals interested in creating positive change in emerging communities, is accepting applications for its winter session that begins Jan. 19 and continues for four weekends. The application deadline is Oct. 1.

OAKLAND, CA - September 23, 2011 - (RealEstateRama) -- The Department of Homeland Security's Federal Emergency Management Agency (FEMA) is announcing that Phase II of the American Samoan permanent housing construction program was completed on September 17, 2011. Titles to all 39 homes have now been transferred to families who lost their dwellings to the earthquake generated Tsunami that claimed 31 lives and devastated large parts of the island on September 29, 2009.

SACRAMENTO, CA - September 23, 2011 - (RealEstateRama) -- Driven by a substantial increase in the multifamily sector, California housing starts surged in August posting a 30 percent increase over the same month a year ago, the California Building Industry Association announced today

Torrance, CA - September 22, 2011 - (RealEstateRama) -- In another move signaling Lee & Associates’ rapid growth in the Midwest, the firm appoints Chris Etmanczyk as vice president of Lee’s Madison, Wis., office. Etmanczyk’s appointment is the latest in a string of personnel moves reflecting the expansion of Lee & Associates, one of the largest commercial real estate firms in the country.

September 21, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed on the $9 million sale of a 131,420-square-foot industrial property at 19161 E. Walnut Dr., in City of Industry, Calif.

OAKLAND, CA - September 21, 2011 - (RealEstateRama) -- Wearing hardhats and donning shovels, city and county officials today joined executives from The Michaels Development Company and LINC Housing Corporation to celebrate the coming transformation of a long-vacant lot on the city’s west side into a new mixed-used, transit-oriented affordable housing community. Red Star Apartments, which will offer affordable one- and two-bedroom apartment homes to income-eligible seniors, is being built on the former site of the Red Star yeast factory and is expected to generate hundreds of high quality jobs for local residents and businesses.

San Diego, CA - September 21, 2011 - (RealEstateRama) -- C.W. Driver’s work building the Ramona Library in the San Diego town has resulted in the 21,000-square-foot structure being granted LEED Gold certification by the U.S. Green Building Council. C.W. Driver, a premier builder serving the Western U.S. since 1919, left its environmentally conscious mark on the Tuscan and Southwestern-style building, which is the second-largest library in San Diego County. It opened this spring and is four-times larger than the original library it replaced.

Lomita, CA - September 21, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 2,538-square-feet property located at 2005 Lomita Blvd., Lomita, Calif. The transaction is valued at $1.222 million. The property is located on the corner of Lomita Blvd. and Eshelman Ave. and has NNN corporate guaraunteed lease, occupied by 7-Eleven.

ONTARIO, CA - September 21, 2011 - (RealEstateRama) -- Western States Technologies Inc. (www.westernstatestech.com) has signed a lease for $1 million with Sky Tech Worldwide Inc. (www.skytech-ww.com). The lease transaction is for 50,000 square feet at 1975 E. Locust St., a 90,000-square-foot industrial building near Ontario International Airport in Ontario, Calif.

Los Angeles, CA - September 21, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $5.45 million sale of The Kester House, a 29-unit multifamily property built in 1984 that is located at 5421 Kester Ave. in Sherman Oaks, Calif. (Los Angeles County).

Irvine, CA - September 21, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, has completed the $3.7 million sale of The Shops at Pacific Park, a 15,195 square foot multi-tenant retail and office strip center in Aliso Viejo, Calif. Built in 1999 and situated on 1.18 acres, the property is located at 22912 Pacific Park Drive. The property, which was sold through receivership, is 88 percent occupied and includes a mix of dining, retail, and office tenants.

Washington, D.C. - September 20, 2011 - (RealEstateRama) -- U.S. Senators Barbara Boxer (D-CA) and Johnny Isakson (R-GA) today urged the Federal Housing Finance Agency (FHFA) to expedite its efforts to help millions of responsible homeowners refinance so that borrowers can take advantage of today’s record low interest rates.

Santa Ana, CA - September 20, 2011 - (RealEstateRama) -- The Brickman Group, one of the nation’s largest commercial landscaping companies, marks the next step in deepening its Southern California presence by establishing a Southern California regional office in Santa Ana, Calif. The transition comes on the heels of Brickman’s purchase of Los Angeles-based Dworsky Landscaping this summer — a move that cemented the 72-year-old firm’s entrance into the Los Angeles/Orange County market

San Francisco, CA - September 20, 2011 - (RealEstateRama) -- Stefano DeZerega, a Top Producer and a Premier Property Specialist with Zephyr Real Estate, is a volunteer and is on the board of directors at Pie Ranch—a sustainable farming operation in Pescadero that is also one of the Bay Area’s more unique community organizations.

EVERLY HILLS, CA - September 19, 2011 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the grand opening of Toscana, a 39-unit townhome community in West Hills, which is located in the San Fernando Valley region of Los Angeles, California. A joint venture managed by the company purchased the residential project from Bank of America for $12.8 million and will officially open the homes for sale on Saturday, September 24.“This project is perfectly positioned to take advantage of the move-up buyers looking for a high quality townhouse at a very affordable price,” commented Robert Hart, president of KW Multifamily Management Group.