Yearly Archives: 2011

Costa Mesa, CA - November 16, 2011 - (RealEstateRama) -- Colliers International just sold a 30 unit apartment complex located at 1884 Monrovia Ave., Costa Mesa, Calif. The transaction is valued at $4.525 million. Pat Swanson, Vice President, based in Colliers International’s Irvine office, closed this deal.

Huntington Beach, CA - November 16, 2011 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the sale of a 121,300-square-feet property located at 7391 Heil Ave., Huntington Beach, Calif. The transaction is valued at approximately $12.1 million.

Torrance, CA - November 16, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has transacted the $3.94 million sale of the Class A Philadelphia Place Business Park located at 2810 Philadelphia St., in Ontario, Calif.

Washington DC - November 16, 2011 - (RealEstateRama) -- This week Congress is expected to pass legislation championed by Congressman Brad Sherman (D-CA) to extend higher housing loan limits as part of a bill that will fund several agencies through 2012 and the rest of the government on a temporary basis. The bill, known as the “minibus conference report,” includes a provision to extend higher Federal Housing Administration (FHA) loan limits for 2 years in high cost areas of the country.

LOS ANGELES, CA - November 16, 2011 - (RealEstateRama) -- California home sales posted a marginal increase in October and also were above year-ago levels, according to figures released today from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

Torrance, CA - November 16, 2011 - (RealEstateRama) -- Karen Compton, principal of A3K Consulting has named Eric Halm research and development leader for the firm. Additionally, Mr. Halm will serve as an integral part of the leadership team. The California-based business and strategic planning firm that specializes in the architecture, engineering and construction industries continues to provide advice and counsel strategic solutions to a diverse base of public, private and nonprofit clients, seeking to aggressively pursue their business strategies in a challenging environment

IRVINE, CA - November 16, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has announced the $9.7 million sale of Baldwin Park Towne Center. Built in 1987, the 24,605-square-foot, multi-tenant retail property located at 14510 Baldwin Park Towne Center includes GameStop, Verizon, AT&T, Adriana’s Insurance and Tortas Sinaloa Restaurant as tenants. The property also benefits from the fact that it is co-occupied by such national tenants as Home Depot, McDonald’s, Denny’s, and a Marriott Courtyard Hotel.

San Francisco, CA - November 15, 2011 - (RealEstateRama) -- The Bank today announced the results of the 2011 election for one nonmember independent director position, one California member director position, and one Nevada member director position on its Board of Directors.

Orange County, CA - November 15, 2011 - (RealEstateRama) -- Donna Puzifera has won the coveted award for best interior design from Home Aid Orange County’s Project Playhouse’s 20th annual event. The top honors came after a weeklong vote. Playhouse Village was on display at the Irvine Spectrum for five weeks in Irvine Spectrum Center October 9th Thru Sunday, November 6th. Each year the event culminates with the live auction of the playhouse creations.

EUGENE, OR - November 15, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce Jeremy Smiley of London Properties as the latest addition to the growing network of real estate professionals choosing to update their websites with an IDX solution. The comprehensive database of Fresno MLS is seamlessly displayed on the website Smiley hosts, giving home seekers a complete online property search. With the unique IDX solution he presents online, Smiley has forever changed the way potential Fresno, California buyers search for luxury properties online.

EUGENE, OR - November 15, 2011 - (RealEstateRama) -- California real estate professional Michael Rice has adopted an IDX solution for his real estate website and can now simply and efficiently display thousands of listings on his search page. His custom IDX solution now draws listing data from the Ventura County Regional Data Share (VCRDS) database and integrates it directly onto RE/MAX Olson search pages. Home seekers gain the benefit of being able to explore the listings without ever leaving the convenience of the search capabilities Rice hosts.

LOS ANGELES, CA - November 15, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the sale of a 50-unit multifamily property located at 123 California Ave. in Santa Monica. Kimberly Roberts Stepp of Charles Dunn Company who is out of the firm’s West Los Angeles office procured the seller, Petrikas Family Limited Partnership from Riverside, Calif. Hamid Soroudi, also from Charles Dunn Company’s West Los Angeles office represented the buyer, Xenon Investments from Los Angeles, Calif. The property closed at just above a 4 percent cap rate.

Inland Empire, CA - November 14, 2011 - (RealEstateRama) -- The Cypress Pointe Homeowners Association has selected Merit Property Management, a FirstService Residential Management company, to manage 348 single-family homes in Victorville, CA. At build out the community is expected to consist of 441 homes. Merit will assist the community with all its HOA property management needs.

EUGENE, OR - November 14, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce Brant Didden has become the latest real estate professional to join the growing network of agents and brokers that have adopted a customizable IDX solution. As a Malibu, California broker, Didden has the ability to display and sync thousands of California Real Estate Technology Services MLS (CARETS) listings on his website. Potential buyers can now experience an unprecedented level of freedom and search customization by utilizing the immensely helpful tools Didden has integrated onto his website.

SACRAMENTO, CA - November 14, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that Glenn Watkins, 31; Kevin Watkins, 26; and Frederick Davis, 41, all of Elk Grove, pleaded guilty today to mail fraud for a mortgage fraud scheme.

EUGENE, OR - November 14, 2011 - (RealEstateRama) -- Searching for homes around Riverside, California just became monumentally simpler, thanks to the joint partnership between broker Doug Shepherd and IDX, Inc. The innovative IDX solution Shepherd has enabled on his website makes the online property search easier for everyone involved. Home seekers can narrow the California Real Estate Technology Services MLS (CARETS) based on their needs and desires, without ever leaving the dynamic search page Shepherd has established.

LOS ANGELES, CA - November 11, 2011 - (RealEstateRama) -- Lower home prices and record-low interest rates in the third quarter of 2011 contributed to an improvement in housing affordability for California home buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

East Bay, CA - November 11, 2011 - (RealEstateRama) -- Merit Property Management, a FirstService Residential Management company, announced today that Rick Barnard, CCAM, has been promoted to Business Unit Leader for the East Bay region. As Merit’s East Bay Business Unit Leader, Rick Barnard oversees 20 homeowners and commercial associations throughout the region.

MOUNTAIN VIEW, CA - November 11, 2011 - (RealEstateRama) -- The City of Mountain View recently celebrated the groundbreaking of Franklin Street Family Apartments, a development by ROEM Corporation, in partnership with the City of Mountain View. The groundbreaking ceremony was held at 135 Franklin Street, Mountain View, CA 94041.

Aliso Viejo, CA - November 11, 2011 - (RealEstateRama) -- Merit Property Management, a FirstService Residential Management company, announces today the promotion of John Dannan to Business Unit Leader for Merit’s San Diego urban division. Dannan will be responsible for Merit’s high-rise, mid-rise and urban clients as well manage new contracts, maintain client relations and spearhead Merit’s continued growth throughout downtown San Diego.