Yearly Archives: 2011

WASHINGTON, DC - July 21, 2011 - (RealEstateRama) -- Today, Congresswoman Lois Capps (CA-23) announced that the San Luis Obispo County Housing Trust Fund has been awarded a $600,000 grant from the U.S. Treasury Department’s Community Development Financial Institution Fund. The grant will allow the Housing Trust Fund to provide low-interest financing for affordable housing for middle class families in San Luis Obispo County.

Washington, DC - July 21, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 11 of her colleagues in the House of Representatives urging U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices. An identical letter was sent by U.S. Senator Robert Menendez (NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators.

Bipartisan PACE Bill Will Create Jobs at the Local Level Washington, D.C. - July 21, 2011 - (RealEstateRama) -- Today a bipartisan group of members – Reps. Mike Thompson (D-CA), Nan Hayworth, M.D. (R-NY), and Dan Lungren (R-CA) - introduced the PACE Protection Act of 2011.

LOS ANGELES, CA - July 21, 2011 - (RealEstateRama) -- California pending home sales rose for the second consecutive month in June, while the share of distressed property sales was unchanged, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

EUGENE, OR - July 21, 2011 - (RealEstateRama) -- Today, IDX, Inc. announces Bogdan Ryabyshchuk of Bay Realty in San Diego has become the latest professional to adopt a customizable IDX solution for his real estate website. His IDX solution now seamlessly integrates thousands of SANDICOR listings onto his search page, creating a comprehensive database of properties for his clients to explore online. Adding IDX Broker software to his website has revolutionized the way Ryabyshchuk presents listings to his clients and other potential San Diego, California buyers.

San Francisco, CA - July 20, 2011 - (RealEstateRama) -- Mayor Edwin M. Lee today introduced legislation at the Board of Supervisors updating the Municipal Green Building Code to require U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) Gold certification for all municipal construction and major renovation projects over 5,000 square feet after September 1, 2011. Currently, only LEED Silver certification is required for municipal buildings, while LEED Gold is required for private sector buildings starting in 2012. This legislation updates green building standards for municipal construction projects that will secure San Francisco’s place as a national leader in resource efficient building.

SACRAMENTO, CA - July 20, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today the unsealing of an indictment charging seven real estate professionals with conspiracy to commit wire fraud in connection with a mortgage fraud scheme. The indictment was returned by a federal grand jury on July 14, 2011.

EUGENE, OR - July 20, 2011 - (RealEstateRama) -- IDX, Inc. and Bill Marshall had united to present San Diego, California home seekers with a unique and thorough online real estate solution. Marshall has employed IDX Broker software on his website, and by doing so, created an innovative search page that gives his clients access to thousands of San Diego Regional MLS (SANDICOR) listings. Additionally, Marshall has widened his coverage to include Arizona Regional MLS (ARMLS) listings, giving his clients a more dynamic and comprehensive real estate search page to utilize throughout their online property search.

Torrance, CA - July 20, 2011 - (RealEstateRama) -- Experts with the University of Southern California Lusk Center for Real Estate say population growth and demographic shifts – particularly the ongoing maturation of a diverse, well-educated Gen Y – will drive improvements in the real estate market over the next 10 years

La Jolla, CA. - July 19, 2011 - (RealEstateRama) -- The number of California homes that went into foreclosure fell to a four-year low last quarter, the result of a more stable housing market as well as policy changes in the mortgage servicing industry, a real estate information service reported.

LOS ANGELES, CA - July 19, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law. SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans.

Carson CA - July 19, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has negotiated a 10-year lease renewal for a property 91,603 square foot building located at 2202 E. Del Amo Blvd., Carson, Calif. The renewal is valued at over $7 million.

Torrance, CA - July 19, 2011 - (RealEstateRama) -- Thomas Bryant and Richard Bryant from the Atlanta office of Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, have completed a lease worth in excess of $1.1 million for an industrial property in Suwanee, Georgia. They were able to achieve this within four months of taking the assignment.

SAN FRANCISCO, CA - July 19, 2011 - (RealEstateRama) -- PCCP, LLC provided a senior participating loan to Basin Street Properties to finance the REO acquisition of Sequoia Center, a three-building Class A office property totaling 210,000 square feet. The buildings are located within the desirable Redwood Business Park, a 1.1 million square-foot master-planned business park in Petaluma, Calif. Sequoia Center was vacant at the close of escrow, however a 96,000-square-foot lease has been signed with Enphase Energy which will bring the occupancy up to 46 percent by the end of 2011. The property includes a three-story building built in 1998 located at 1400 North McDowell Blvd., a three-story building built in 2000 located at 1420 North McDowell Blvd., and a four-story building built in 1999 located at 5341 Old Redwood Hwy.

Pleasanton, CA - July 19, 2011 - (RealEstateRama) -- The HGA Architects and Engineers-designed Pediatric Clinic at Axis Community Health Center in Pleasanton, Calif., announces its official opening to the Tri-Valley community. By providing full architectural and structural engineering services, HGA’s expansion at the 3,000-SF center helped upgrade the pediatric clinic to a more functional facility and included two new exam rooms, a testing room, a lab, an office and a reception station.

EUGENE, OR - July 18, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to welcome the real estate expertise of Anthony Rueda & Associates of Paragon Real Estate to the growing network of realty professionals dedicated to serving the needs of their clients. Home seekers in Sacramento can now experience a dynamic online real estate search conveniently on the Paragon Real Estate. Metrolist property listings are now fully integrated onto Rueda's search pages, giving potential buyers a comprehensive database to search through. Finding a home in and around Sacramento, California has never been so easy!

IRVINE, CA - July 18, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that it is providing architectural design services for a new, mixed-use, 183,000-square-foot graduate student housing project to be developed by Hanover Pacific, LLC, in downtown Pomona, Calif., adjacent to the campus of Western University of Health Sciences (WesternU), a private, non-profit graduate school for health professions.

LAGUNA HILLS, CA - July 18, 2011 - (RealEstateRama) -- The California Association of Community Managers (CACMSM) will celebrate its 20th anniversary at this year’s Statewide Expo & Conference at the Disneyland Hotel in Anaheim on July 28-July 29.

Torrance, CA - July 18, 2011 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the acquisition of Silver Lake in Los Angeles in a joint venture with Harridge Development Group LLC. The transaction closed July 1; its value could not be disclosed.

PASADENA, CA - July 18, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is continuing its retail expansion in Southern California with the opening of a new office in Pasadena. The office will be led by Los Angeles lending industry veteran Tami Murphy, who joins REMN as the company’s latest Branch Manager. Murphy will report directly to fellow industry veteran, Kevin Hoyt, who joined REMN as the company’s Western Regional Retail Manager earlier in April.