Yearly Archives: 2011

Washington, DC - February 18, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.) reintroduced her legislation from the 111th Congress today that would make key investments in affordable public housing. H.R. 762, the Public Housing Reinvestment and Tenant Protection Act of 2011, contains provisions to revitalize housing units and neighborhoods; address one-for-one replacement issues; empower housing authorities to make reforms; and to create jobs, with support from Reps. Barney Frank (D-MA) and Nydia Velazquez (D-NY), her colleagues on the Financial Services Committee. She issued the following statement

Los Angels, CA - February 18, 2011 - (RealEstateRama) -- Steve Slepcevic, founder of Paramount Disaster Recovery Inc. is serving as its president and chief executive officer. He has made Paramount a recognized union in the field of disaster emergency and in the field of construction. Steve Slepcevic has completed major projects in USA and worldwide. With the works of disaster he also works as a legal expert. Steve Slepcevic is also a founder of Virtual Evacuation and address about its planning and training. To bring civil engineer in the filed of disaster recovery with interest he made it a work of social services with a lot of money, because in civil engineering its think as a boring thing to save life through safe facility. But after the concept of Virtual Evacuation, leading expert of all the industries attracted by it and providing their services to disaster preparedness.

IRVINE, CA - February 17, 2011 - (RealEstateRama) -- RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, today announced the hiring of Brian C. Walby as Vice President of Sales and Strategic Alliances. In this role, Walby will focus on member subscription sales, advertising sales, lead generation programs and product sales.

SACRAMENTO, CA - February 17, 2011 - (RealEstateRama) -- California housing affordability increased slightly in the fourth quarter of 2010 with all but one of the state’s 28 metropolitan areas included in the report showing increases in affordability, the California Building Industry Association announced today

Torrance, CA - February 17, 2011 - (RealEstateRama) -- Brandon Case has been promoted at Keystone Pacific Property Management from associate community association manager to community association manager in its Irvine office. “Brandon’s dedication to his team as well as his position have shown us that he will be a great asset to the communities he manages,” said Denise Bergstrom, vice president of association management of Keystone Pacific Property Management.

EUGENE, OR - February 17, 2011 - (RealEstateRama) -- IDX, Inc. has supplied Bradley Davidson with an innovative IDX solution, making his real estate website a great location to experience the online property search for Southern California homes. California Real Estate Technology Services (CARETS) listings are seamlessly integrated onto Davidson's website, giving his clients a comprehensive database of property listings to search through

Torrance, CA - February 16, 2011 - (RealEstateRama) -- Bryan Glenn of Charles Dunn Company’s West Los Angeles office has closed the sale of a 24-unit multifamily property located at 916 S. Lake St. in Los Angeles, Calif. The value of the transaction is $1.2 million.

BEVERLY HILLS, CA - February 16, 2011 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company, along with an affiliate of DRA Advisors and with Kennedy Wilson Property Fund III, acquired Enclave at Adobe Creek, a 492-unit multifamily community in Petaluma, CA. The company also joined forces with The LeFrak Organization to purchase a 100% equity interest in Indigo Springs, a 278-unit multifamily community in Kent, WA.

February 15, 2011 - (RealEstateRama) -- Mayor Antonio Villaraigosa and Councilmember Herb Wesson attended today the unveiling of the first building - the Vineyard Recreation Center - to be retrofitted by workers trained through the Green Retrofit Workforce Program. Funded by the American Recovery and Reinvestment Act (ARRA), the first-in-the nation, workforce development retrofit program targets workers from low-income communities and trains them with the skills they need to obtain good-paying, green jobs.“The Green Retrofit Workforce Program is a national model for how to build a specialized, highly-trained workforce that can retrofit municipal buildings to drastically reduce our City’s carbon footprint,” Mayor Villaraigosa said. “After all, electricity use within buildings accounts for almost one-third of our greenhouse gas emissions -- emitting almost 17 million tons of greenhouse gas a year into the air we breathe.”

February 15, 2011 - (RealEstateRama) -- Housing Authority President and CEO Rudolf C. Montiel joined Mayor Antonio Villaraigosa, Congresswomen Maxine Watters, Laura Richardson, the Watts Labor Community Action Committee (WLCAC) , Affordable Housing CDC, Inc. (AHCDC), Supervisor Mark Ridley-Thomas, local leaders to celebrate the grand opening of Dolores McCoy Villa Apartments.McCoy Villa apartments is a new low-income housing development in Watts. The 64 supportive housing units for large homeless families are fully furnished and offer a range of supportive services, including case management, budget counseling, employment training/placement, academic counseling, access to health care/substance abuse services, and assistance focused on families and independent living skills

February 15, 2011 - (RealEstateRama) -- On January 26 the Los Angeles Worksource Investment Board (WIB) recognized the Housing Authority of the City of Los Angeles with its prestigious Four Star Performance Award. This is the third consecutive year that HACLA receives the award. The award recognizes the outstanding Workforce Investment Act performance for program year 2009-2010.

SACRAMENTO, CA - February 15, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today that United States District Judge William B. Shubb sentenced Iftikhar Ahmad, 40, of Stockton, to 21 months in prison, to be followed by three years of supervised release, and restitution in the amount of $382,750 for multiple counts of mail fraud relating to a scheme involving the fraudulent submission of mortgage loan applications. Ahmad pleaded guilty on April 28, 2008

LOS ANGELES, CA - February 15, 2011 - (RealEstateRama) -- California home sales rose in January, marking three consecutive monthly increases and posting their highest level since May 2010, while the statewide median price declined to its lowest level since June 2009, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). “With lower home prices and rates edging up from their historic lows of late last year, prospective home buyers should consider the opportunities in today’s market,” said C.A.R. President Beth L. Peerce.

EUGENE, OR - February 15, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to welcome Realtor Mario Juarez to the growing network of real estate professionals using the revolutionary IDX Broker software on their websites. East Bay Regional Data/MAX MLS (MAX/EBRD) listings are now seamlessly integrated onto Juarez's search page, making thousands of detailed property listings instantly available for home seekers and potential clients. With his customized IDX solution, Juarez can host one of the most dynamic and informative real estate websites and searches for East Bay Area, California buyers.

San Francisco, CA - February 14, 2011 - (RealEstateRama) -- In 2002, Zephyr established the Golden Z Award to recognize extraordinary efforts of those who have gone above and beyond in their charitable endeavors in the San Francisco community. In the past, the award has been presented to one of the company’s agents. In a departure from tradition, this year the Golden Z was presented to Bill Drypolcher, President and Founder of the company.

Washington, DC - February 14, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), the Ranking Member on the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, released the following statement today after the Obama Administration unveiled its plan, “Reforming America’s Housing Finance Market

LOS ANGELES, CA - February 14, 2011 - (RealEstateRama) -- In response to the White House’s recommendations today to phase out Fannie Mae and Freddie Mac, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said the elimination of government involvement would raise borrowing costs for home buyers and severely restrict a safe and affordable flow of financing, further impeding the still-fragile housing market recovery

EUGENE, OR - February 14, 2011 - (RealEstateRama) -- IDX, Inc. has enabled the revolutionary IDX Broker software on the website of real estate professional Alex Comsa, of Comsa Group, making thousands of MLSListings properties available for Silicon Valley, California home seekers. Potential buyers can now experience an unprecedented level of access to MLSListings and the IDX-supported tools Comsa hosts. With so many unique options, the real estate website of Comsa now reflects his dedication to serving his clients and their every real estate need.

Los Angeles, CA - February 11, 2011 - (RealEstateRama) -- The Los Angeles County NeighborWorks® Center for Foreclosure Solutions and The Long Beach Housing Development Company have partnered to help Long Beach residents become better informed about the foreclosure process and prevent foreclosure in 2011. In the last two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. Dataquick Information Systems reports 26,703 Los Angeles County families lost their home to foreclosure in 2010. High unemployment rates have weakened homeowners’ ability to stay current on their mortgage loans. In addition, an increase in foreclosures is likely to occur in 2011 when $300 billion worth of adjustable rate mortgages are expected to reset upward.

IRVINE, CA - February 11, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that Diane's Beachwear, which offers the latest in swimwear clothing and accessories, will be opening its newest store in Scottsdale, Ariz., at the Scottsdale Quarter in early March 2011. The new 1,200-square-foot flagship store represents the 19-store chain's debut outside of California. Irvine, Calif.-based KTGY is the architect for the new Diane's Beachwear store.