Yearly Archives: 2011

Torrance, CA - June 6, 2011 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the acquisition of The Vintage at The Crosby development in San Diego in a joint venture with Davidson Communities LLC. This represents the third acquisition made by the MREC/Davidson partnership in San Diego County. The value of the transaction could not be disclosed.

ALISO VIEJO, CA - June 3, 2011 - (RealEstateRama) -- Susan J. Barlow, chief executive officer of Newport Beach, Calif.-based Fiduciary Capital Inc., has been named to the board of directors for CT Realty Investors.

Los Angeles, CA - June 2, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, welcomes Steve Algermissen to its Downtown Los Angeles office. He will serve as Executive Vice President.

Los Angeles, CA - June 2, 2011 - (RealEstateRama) -- Los Angeles County Assessor John R. Noguez today announced completion of the decline in value review of homes in Los Angeles County. The annual review included all properties that had been granted a decline-in-value assessment for the 2010 assessment year as well as single-family homes or condominiums located in areas that continue to experience declines in the real estate market.

LOS ANGELES, CA - June 1, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $4.1 million sale of a 16-unit apartment community located at 1946 Overland Ave. in West Los Angeles near the major cross street of Santa Monica Blvd. situated just minutes from UCLA, Century City and Beverly Hills.

Torrance, CA - June 1, 2011 - (RealEstateRama) -- After nearly 12 years of public service with Los Angeles World Airport eventually rising to the level of Executive Director, Lydia Kennard will return to KDG Development & Construction Consulting as its President and Chief Executive Officer. KDG was founded in 1980 as an offshoot of the architectural firm that began in 1957 by Ms. Kennard’s late father, the renowned African-American architect Robert Kennard. Jack Wickersham will continue in his current role as Chief of Operations.

Culver City, CA - June 1, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently sold a 60-unit apartment complex, The Keswick Court Apartments, located at 3902-3920 Lenawee Ave, Culver City, Calif.

Claremont, CA - May 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently sold a 16,496-square-feet office space located at 358-398 W Foothill Blvd, Claremont, Calif. The transaction is valued at $4 million.

SACRAMENTO, CA - May 27, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that United States District Judge Morrison C. England, Jr. sentenced Ralondria Stafford, 37, of San Francisco, and Necole Ward, 32, of Las Vegas, (both formerly of Vallejo, Calif.) for their roles in a mortgage fraud scheme carried out in Vallejo between 2005 and 2006. Judge England sentenced Stafford to 21 months in prison and Ward to 12 months and a day in prison. The prison sentences are to be followed by three years of supervised release and both defendants were ordered to pay $200,000 in restitution. Stafford and Ward pleaded guilty on June 10, 2010.

IRVINE, CA - May 27, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that KTGY’s Principal Ken Ryan has been invited to participate in the Orange County Chapter’s Building Industry Association (BIA) and Urban Infill Committee and Asset Opportunities Group's program, “Creating a Community within a Community: Neighborhood Spotlight: La Floresta Brea," on Thursday, June 2, 2011. The meeting will be held at the Irvine Ranch Water District's Duck Club meeting room located in the San Joaquin Wildlife Sanctuary, 3512 Michelson Drive and Riparian View in Irvine, CA 92612.

SACRAMENTO, CA - May 26, 2011 - (RealEstateRama) -- Total housing starts in California, as measured by the number of building permits issued, rose 2 percent in April, the California Building Industry Association announced today.

Torrance, CA - May 26, 2011 - (RealEstateRama) -- Keystone Pacific Property Management has promoted Tonja Gray from architectural coordinator to community manager for the CZ Master Association in Coto de Caza, Calif.

Inland Empire, CA - May 26, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, welcomes Mark Zorn and Tal Siglar to its Inland Empire office. They will both serve as senior vice presidents.

Washington, DC - May 26, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee and a leading champion for homeowners, delivered the following remarks today during a Subcommittee on Housing, Insurance, and Community Opportunity Hearing on “Legislative Proposals to Determine the Future Role of FHA, RHS and GNMA in the Single-and Multi-Family Mortgage Markets.”

SACRAMENTO, CA - May 26, 2011 - (RealEstateRama) -- Overall housing affordability in California continued to increase in the first quarter of 2011, but half of the state’s 28 metropolitan areas included in the report showed decreases, the California Building Industry Association announced today.

CALABASAS, CA - May 25, 2011 - (RealEstateRama) -- Porky Products, Inc. one of the largest independent meat and seafood distributors in the country, has signed a seven year lease for approximately 6,000 square feet of office space at 5230 Las Virgenes Road in Calabasas, CA, according to Robert D. Erickson, a Principal with Lee & Associates-LA North/Ventura, Inc., who represented the tenant in the transaction.“

NORTH HOLLYWOOD, CA - May 25, 2011 - (RealEstateRama) --A 15-unit multifamily asset here was sold for $2,450,000, among the highest prices paid on a per square foot and on a gross rent multiplier basis in the North Hollywood submarket since 2007, according to Jeff McGuire, Senior Vice President, Special Assets and a Principal of Lee & Associates-LA North/Ventura, Inc, who represented the buyer and the seller in the transaction.

May 25, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1.9 million sales transaction for a 42,700-square-foot industrial building located at 7260 Sycamore Canyon Boulevard in Riverside, California.

LOS ANGELES, CA - May 24, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the creation of the California Attorney General's Mortgage Fraud Strike Force, staffed by Department of Justice attorneys and investigators charged with protecting innocent homeowners and bringing to justice those who defraud them.

LOS ANGELES, CA - May 24, 2011 - (RealEstateRama) -- A Buellton man was sentenced today to 21 months in federal prison for defrauding banks by nearly simultaneously seeking home equity lines of credit from four different federally insured financial institutions. Larry P. Corbi Jr., 36, who resided in Marina del Rey during the course of the scheme and has since relocated to the Central Coast, was sentenced by United States District Judge Dale S. Fischer. In addition to the prison term, Judge Fischer ordered Corbi to pay $356,644 in restitution.