Yearly Archives: 2011

Los Angeles, CA - March 3, 2011 - (RealEstateRama) -- The Foursquare Foundation announced today its ground breaking for the construction of a new $10 million richly-appointed Foursquare Senior Living residential community in one of Los Angeles’ most historic neighborhoods, Echo Park. Designed by the architectural firm KTGY Group, Inc., this new eco-friendly, pedestrian- and transit-oriented, 1.24-acre urban in-fill redevelopment project replaces some older housing units with 75 affordable senior apartment homes. Situated directly across from Echo Park, one of the city’s most iconic settings, Parkview Living, A Foursquare Senior Living community, will help mitigate the soaring demand for quality affordable housing to active seniors 62 years of age and over. Parkview Living, A Foursquare Senior Living community will be located across the street from the 88-year-old Angelus Temple, which is home to the Foursquare Church.

Washington, DC - March 2, 2011 - (RealEstateRama) -- In response to the recent rise in home foreclosures, Congresswoman Susan Davis (D-San Diego) introduced legislation to give veterans access to mortgage refinancing opportunities. The Veterans Home Loan Refinance Opportunity Act (H.R. 834) will allow veterans in Alaska, Oregon, California, Wisconsin, and Texas to take advantage of low-interest home loan refinancing options available from the state. Currently, veterans in these states can use the home loans to purchase a primary residence -- but not to refinance.

SACRAMENTO, CA - March 1, 2011 - (RealEstateRama) -- California homebuilders pulled permits for fewer new homes in January when compared to the same month a year earlier, the California Building Industry Association announced today.

San Marcos, CA - March 1, 2011 - (RealEstateRama) -- Work has completed on the new, $37 million, Multidisciplinary Building constructed by C.W. Driver on the campus of Palomar College in San Marcos, Calif. The 111,000 SF, three-story structure in the San Diego County town took 25 months to complete. C.W. Driver, a premier builder of higher education facilities in the Western U.S. since 1919, managed the project from preconstruction through commissioning for the Palomar Community College District

Los Angeles, CA - February 28, 2011 - (RealEstateRama) -- In the last two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. Dataquick Information Systems reports 26,707 Los Angeles County families lost their home to foreclosure in 2010. In January 2011, 2,196 families lost their home to foreclosure1, indicating that not much has or will change in 2011. Exacerbating the issue is high unemployment and the low volume of permanent loan modifications being made available to families facing foreclosure.

Washington, DC - February 25, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, released the following statement today after Republicans on the Committee announced their intention to defund foreclosure prevention programs

Washington, DC - February 25, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, issued the following statement today after reports of a deal between the Obama Administration and mortgage servicers to settle systemic fraud issues in the servicing and foreclosure industry

SAN MATEO, CA - February 25, 2011 - (RealEstateRama) -- Congresswoman Jackie Speier (D-San Francisco/San Mateo) today announced that the Small Business Administration is offering a program that will help small businesses facing maturity of commercial loans or balloon payments refinance their mortgage debt

LAGUNA HILLS, CA - February 25, 2011 - (RealEstateRama) -- The California Association of Community Managers (CACMSM) has announced a new board of directors for 2011. The board oversees the statewide organization’s programs and activities, monitors legal and legislative issues, and upholds CACM’s code of ethics and standards of practice. Comprised of professional community managers representing nine regions from California, the group also advises CACM on its educational and certification program for community association managers.

Torrance, CA - February 25, 2011 - (RealEstateRama) -- Solarsilicon Recycling Services LLC (SRS) has acquired a 90,000-square-foot industrial building in Ventura, Calif. in an expansion that will keep the company in Ventura County, open new outlets for its products and services, increase its workforce and establish an incubator for a new manufacturing process that promises to revolutionize the industry, according to Mike Tingus, president of Lee & Associates-LA North/Ventura, Inc., who represented SRS in the transaction.

Torrance, CA - February 24, 2011 - (RealEstateRama) -- Mark Ventre and David Eitches of Charles Dunn Company’s West Los Angeles office have closed the sale of a 16-unit multifamily property located at 2352 Glendale Blvd. in Los Angeles, Calif. The transaction is valued at $2.332 million

Downtown Los Angeles, CA - February 24, 2011 - (RealEstateRama) -- The Weingart Center today announced the award of a grant to create business ventures that will provide employment opportunities for the homeless. The sub-grant was awarded by REDF, a California-based organization focused on starting and growing employment-focused social enterprises that provide employment opportunities for individuals facing multiple barriers to employment. REDF received a federal Social Innovation Fund award administered by the Corporation for National and Community Service and by matching private support. Weingart is one of six California nonprofits selected for inclusion in the new initiative

LOS ANGELES, CA - February 23, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today debuted its Pending Home Sales Index and released key distressed property data

LOS ANGELES, CA - February 23, 2011 - (RealEstateRama) -- Lee & Associates-Investment Services Group Principals Robert Leveen and Matthew Sullivan successfully transacted the sale of a portfolio of three bank-owned multifamily buildings after attracting 10 qualified buyers. The properties, at 4122, 4130 and 4136 Palmwood Drive in the Bald win Village section of Los Angeles sold for $1,725,000 or $73.99 per square foot.

Torrance, CA - February 23, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, represented both the buyer and the seller in the $8.5 million sale of a 189,990-square foot industrial property at 13780 Central Ave., in Chino, Calif.

ALISO VIEJO, CA - February 23, 2011 - (RealEstateRama) -- CT Realty Investors announced that Gary H. Hunt, one of Orange County’s most respected real estate professionals, has joined its board of directors.

Huntington Beach, CA - February 22, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 10 Condos sold in bulk, located at 7935 Bay St. in Downtown Huntington Beach, Calif., to Symphony Real Estate Fund, an investor in broken condominium conversions. The transaction was valued at $2,550,000.

Torrance, CA - February 22, 2011 - (RealEstateRama) -- Lee & Associates Central Coast, a full-service commercial real estate brokerage firm with offices in Santa Barbara, Santa Maria and San Luis Obispo, brokered the recent sale of Anacota Plaza, a 36,767-square-foot mixed-use property located at 610 Anacapa St. in Downtown Santa Barbara.

SAN MATEO, CA - February 21, 2011 - (RealEstateRama) -- Congresswoman Jackie Speier (D-San Francisco/San Mateo) today announced that the Small Business Administration is offering a program that will help small businesses facing maturity of commercial loans or balloon payments refinance their mortgage debt.

Torrance, CA - February 18, 2011 - (RealEstateRama) -- Albert Shilton and Blake Rogers of Charles Dunn Company’s West Los Angeles office closed a note sale of a 35-unit multifamily property located at 4620 Coliseum St. in Los Angeles, Calif. The 29,718-square-foot apartment building was built in 1954 and is 83 percent leased. The transaction value is undisclosed.