Yearly Archives: 2011

IRVINE, CA - June 24, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture + Planning, is pleased to announce that Olson Homes, the leading developer of in-town urban living, is debuting two model homes in its newest residential community, Citrus Walk. Located in the heart of downtown Covina, Calif., and within walking distance to shops, restaurants, and MetroLink, Citrus Walk will offer LEED Certified homes that are innovatively designed to fit active, urban lifestyles and attract first-time homebuyers. KTGY is the project's designer of this new mixed-use community.

Camarillo, CA - June 24, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently directed the sale of a 38,014-square-foot industrial building located at 251 Camarillo Ranch Rd., Camarillo, Calif. to Zindagi Games, Inc. The sale was valued at approximately $3.8 million.

SACRAMENTO, CA - June 23, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that Shalena P. Leggett, 37, of Vacaville, pleaded guilty today to two counts of wire fraud arising out of her embezzlement from her former employer, a local Sacramento real estate developer.

Torrance, CA - June 23, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed on the $2 million sale of a 21,455-square-foot industrial park located at 1488 E. Mission Blvd., in Pomona, Calif.

LOS ANGELES, CA - June 23, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,475,000 sale of a 5,550 square foot office building located at 417 S. Beverly Dr. in Beverly Hills, Calif.

Irvine, CA - June 23, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $16.5 million sale of Westchester Place, a two-story 50,861-square-foot retail center located at 8820-8844 South Sepulveda Blvd. in Los Angeles. Built in 2007 and situated on 1.71 acres, tenants include: Bed Bath & Beyond, Starbucks Coffee, Wells Fargo and Movement Performance Institute.

IRVINE, CA - June 23, 2011 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez and Edward B. Hanley, represented the buyer and seller in the sale of a 1,448-square-foot individual retail/commercial condominium unit in Irvine, Calif. The price was not disclosed.

Torrance, CA - June 22, 2011 - (RealEstateRama) -- In one of the largest Class A multifamily transactions on the West Coast this year, Denver-based Archstone has acquired a 187-unit condominium development for $80 million from McFarlane Partners of San Francisco. Jim Fisher, a principal with Lee & Associates-LA North/Ventura, Inc., and Stephen Peters, a principal with Lee & Associates-Investment Services Group, represented both the buyer and the seller in the transaction

Torrance, CA - June 22, 2011 - (RealEstateRama) -- Terry Kammes of Keystone Pacific Property Management has earned the Certified Community Association Manager (CCAM®) designation through the California Association of Community Managers

SILICON VALLEY, CA - June 21, 2011 - (RealEstateRama) -- David Bicknell along with business partner and wife, Melisa Bicknell, will have a grand opening of their new Intero Real Estate Services franchise office in Folsom, CA on June 29, 2011.

LOS ANGELES, CA - June 21, 2011 - (RealEstateRama) -- California pending home sales rose in May, posting the first year-over-year increase in 18 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

LOS ANGELES, CA - June 21, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed a 10-year, 26,336 square foot office lease valued at $8 million with California Community Foundation (CCF) and U.S. Bank.

Torrance, CA - June 20, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest commercial real estate firms in the country, has hired Brian True as a senior associate at its Michigan office. An experienced commercial real estate veteran, True will bring his expertise in tenant representation to his new role at Lee & Associates Michigan. While he puts his focus on the Metro Detroit area, True's diverse background in investigative research will provide a valuable advantage to his clients in identifying and analyzing various commercial real estate opportunities

SACRAMENTO, CA - June 20, 2011 - (RealEstateRama) -- U.S. Attorney Benjamin B. Wagner announced that a grand jury returned a nine-count indictment today against Alonzo Jackson Brown III, 44, of Fairfield, charging him in connection with an investment fraud scheme and a mortgage fraud scheme.

Washington, DC - June 17, 2011 - (RealEstateRama) -- Representative John Campbell (R-CA) and Representative Peter Welch (D-VT) have introduced H.R. 2126, the Risk Retention Modernization Act to allow risk retention groups (RRGs) and risk purchasing groups (RPGs) to expand their insurance offerings to include commercial property coverage. This legislation would encourage increased competition in premiums and significantly lower the rates consumers, especially small businesses, pay in places where coverage is currently very limited and relatively unaffordable.

West Sacramento, CA - June 17, 2011 - (RealEstateRama) -- The State of California Department of Housing and Community Development (HCD) has awarded the City of West Sacramento $2,488,625 in federal Community Development Block Grant (CDBG) funding to provide public infrastructure in support of a new metals recycling facility proposed for the Port of West Sacramento.

LOS ANGELES, CA - June 16, 2011 - (RealEstateRama) -- A weak economy and tightened financing conditions contributed to a slowdown in California home sales and median price during May, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

Torrance, CA - June 16, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $3.1 million sales transaction for a 15,436-square-foot industrial building located at 2 Wrigley in Irvine, Calif.

IRVINE, CA - June 16, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture + Planning, is pleased to announce that KTGY Principal Manny Gonzalez, AIA, LEED AP has been invited to be a speaker in the Boral Sustainability Speaker Series at the PCBC 2011 show, Homebuilding’s Premier Tradeshow and Conference, held June 22-24, 2011, at the Moscone Center in San Francisco, Calif. Gonzalez will speak at the Boral booth #5111 on Thursday, June 23, at 11:00 a.m. Gonzalez is a frequent guest speaker and panelist at the various industry events including PCBC, NAHB and ULI

La Jolla, CA. - June 15, 2011 - (RealEstateRama) -- The Bay Area housing market in May posted modest month-to-month gains in sales and median prices, but those same measures fell sharply from year-ago levels, which had been pumped up artificially by homebuyer tax credits. Move-up buying and new-home sales were especially weak last month, while the share of sales involving distressed properties, cash buyers and investors remained far above normal, a real estate information service reported.