Yearly Archives: 2011

SANTA ANA, CA - February 11, 2011 - (RealEstateRama) -- South Gate Gateway announced today that it filed a lawsuit on February 2, 2011, against the City of South Gate and the City's Community Development Commission for breach of contract and damages in excess of $10 million. According to Susan Rounds, the developer's spokesperson, "South Gate Gateway's lawsuit is based on the City's breach of an Option Agreement under which the City had agreed to re-purchase certain property owned by South Gate Gateway."

LOS ANGELES, CA - February 10, 2011 - (RealEstateRama) -- First-time buyer housing affordability matched or set new record-high levels in all regions of the state during the fourth quarter of 2010, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Led by historic-low interest rates and a slight decline in home prices, housing affordability surpassed or maintained current levels in both quarter-over-quarter and year-over-year comparisons statewide.

Santa Clarita, CA - February 9, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, facilitated the investment sale of Northpark Village Square, an 87,094-square-foot neighborhood shopping center located at 27706 – 27760 McBean Parkway, Santa Clarita, Calif. to an institutional buyer with offices in Orange County California

Torrance, CA - February 8, 2011 - (RealEstateRama) -- Ground has broken on the $10 million renovation of Heritage Plaza, a 226,998-square-foot retail center in Irvine, Calif., owned by Regency Centers (www.regencycenters.com), the leading national owner, operator, and developer of grocery-anchored and community shopping centers. The renovation of this Ralph’s-anchored center is scheduled for completion in November 2011.

February 8, 2011 - (RealEstateRama) -- On Sunday, February 6, 2011, at approximately 4:45 a.m., Long Beach police officers responded to the area of Myrtle Avenue and Hill Street regarding a call of a man with a gun inside a residence. The caller, a 16-year-old female resident of the home, said her father, who was inside the residence armed with a gun, had shot her and her mother. As the caller pleaded for help, the 9-1-1 operator could hear what sounded like gunshots in the background

San Mateo, CA - February 7, 2011 - (RealEstateRama) -- The state of the local housing market is a highly scrutinized subject matter as the housing market is a barometer of the financial health of San Mateo County. To bring answers, clarity and a bit of a crystal ball to see what is in store for the housing market in 2011, the San Mateo County Association of REALTORS® is hosting California Association of REALTORS® Chief Economist, Leslie Appleton-Young, along with Mike Simonsen, CEO, Altos Research to provide a housing forecast at the “Future of the Housing Market and Real Estate Technology” conference on Thursday, February 17th at the San Mateo Elks Lodge from 9:30 am-4:00 pm

February 7, 2011 - (RealEstateRama) -- A real estate executive pleaded guilty today in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California, Christine Varney, Assistant Attorney General of the Department of Justice's Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced

San Diego, CA - February 7, 2011 - (RealEstateRama) -- River Colony Association Selects MERIT for Property Management Services MERIT will provide property management services for the 300-unit mid-rise condominium community in the Mission Valley area of San Diego, CA

MISSION VIEJO, CA - February 7, 2011 - (RealEstateRama) -- Hammerhouse LLC, an expanding national recruiting and strategic growth firm for the financial service industry with mortgage sales and leadership placement at its core, announced today the hiring of Grant Lupo as Strategic Growth Partner. Mr. Lupo, an experienced mortgage professional with years of experience in servicing, hiring and training mortgage production professionals, is being hired to help manage Hammerhouse’s client growth and expand the Company’s national mortgage recruiting market share. Mr. Lupo will report directly to Drew Waterhouse, Managing Director of Hammerhouse and be based in Mission Viejo,

East Bay, CA - February 7, 2011 - (RealEstateRama) -- Green City Lofts Owners Association Selects MERIT for Property Management Services MERIT will provide property management services for the 64-unit mid-rise community in Emeryville, CA

Torrance, CA - February 4, 2011 - (RealEstateRama) -- Keystone Pacific Property Management is excited to announce that it is now using the latest social media tools to communicate with its clients. Keystone Pacific is using several social networking sites, including LinkedIn, Facebook, and Twitter to provide current company news and the latest news and trends affecting the community association industry.

LOS ANGELES, CA - February 3, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced a $6.5 million settlement of a predatory lending case against Angelo Mozilo and David Sambol, former officers of Countrywide Financial Corporation. Attorney General Harris announced the settlement money will be used to establish an innovative statewide California Foreclosure Crisis Relief Fund to combat the effects of California's high rates of foreclosure and mortgage delinquency

EUGENE, OR - February 2, 2011 - (RealEstateRama) -- IDX Broker software now has a new home on the website of Carl Wuestehube, thanks to the IDX, Inc. premier technology. Wuestehube has once again proven his dedication to serving his clients and their real estate needs by adopting a customizable IDX solution for his professional website. California Real Estate Technology Services (CARETS) listings are seamlessly integrated onto his website, making the online real estate search simpler than ever before.

San Francisco, CA - February 1, 2011 - (RealEstateRama) -- Zephyr Real Estate, San Francisco’s largest independent real estate firm, is pleased to announce the company’s top producing real estate agents of 2010.

ANAHEIM, CA - February 1, 2011 - (RealEstateRama) -- Knightsbridge Realty Capital, Inc. of Newport Beach, Calif., has arranged financing of just under $3 million for the renovation of a retail center on North Anaheim Boulevard in Anaheim, Calif. The transaction includes a first trust deed loan supplemented with proceeds provided through the U.S. Treasury Department’s New Markets Tax Credit (NMTC) program, and accomplishes the goals of President Obama’s Healthy Food Financing Initiative announced in February 2010

Torrance, CA - February 1, 2011 - (RealEstateRama) -- Bryan Glenn of Charles Dunn Company’s West Los Angeles office has closed the sale of a 26-unit apartment complex at 9770 Beach St. in Bellflower. The value of the transaction is approximately $2.8 million.

Westlake Village, CA - January 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of an industrial building located at 3580 Willow Lane, Westlake Village, Calif. to Johnston Plumbing, a plumbing equipment company based in Ventura, Calif. The transaction is valued at $2.383 million.

Placentia, CA - January 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 29,681-square-foot three-story office building located at 774 Placentia Ave., Placentia, Calif. to Interface Rehab, Inc. The transaction is valued at $2,575 million

Los Angeles, CA - January 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has negotiated four industrial leases totaling 217,929 square feet. The total combined value of the leases is approximately $8.5 million. Colliers represented the tenant, Thibiant International, a Chatsworth-based cosmetics company in the transactions. The leases represent renewals for three of Thibiant’s current facilities and an expansion into a 62,400 square-foot warehouse.

EUGENE, OR - January 31, 2011 - (RealEstateRama) -- iPhone-enabled property searches are now possible on the website of agent Mike Kelly, thanks to IDX, Inc. and the amazing and innovative IDX Broker software. Kelly can now display thousands of California Real Estate Technology Services (CARETS) listings on his website, which is now synced with an application to make searching for homes on-the-go monumentally easier. The IDX solution Kelly now employs has forever revolutionized the online property search for home seekers and real estate professionals alike.