Yearly Archives: 2012

Torrance, CA - June 15, 2012 - (RealEstateRama) -- Auction.com (http://www.auction.com/) the nation’s leading online real estate marketplace, reaffirmed its strength in the luxury residential market with the May 23 auction of a signature oceanfront estate located on Brighton Road..

IRVINE, CA - June 15, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups and a market leader in the sale of retail properties, announced today that Edward B. Hanley of Hanley Investment Group represented the buyers and sellers in the purchase of two grocery-anchored shopping centers in Southern Calif. The sale of these two necessity-based shopping centers, Marketplace @ Palm Desert and Seabridge Marketplace, represent nearly 190,000 square feet.

LOS ANGELES, CA - June 14, 2012 - (RealEstateRama) -- Michael Dixon and Ziv Kozaski with NAI Capital’s Encino office represented the Buyer, 519 Fickett, LLC, in the sale of two multifamily properties in Los Angeles. The first is a 12 Unit property located at 519 N. Fickett Street (pictured above) and the second is a 10 unit property located at 2458 Folsom Street. The combined value of both sales transactions were over $1.4M.

IRVINE, CA - June 14, 2012 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture + Planning, is pleased to announce that KTGY Principal Manny Gonzalez, AIA, NCARB, LEED AP has been invited to be a speaker at the PCBC 2012 show, Homebuilding’s Premier Tradeshow and Conference, held June 27-28, 2012, at the Moscone Center in San Francisco, Calif. Gonzalez is a frequent guest speaker and panelist at various industry events and webinars.

EUGENE, OR - June 13, 2012 - (RealEstateRama) -- Manhattan Beach, California Realtor Amy Hackman has joined forces with IDX, Inc. to create a unique and comprehensive online real estate solution. As a member of the Califronia Real Estate Technology Services (CARETS), Hackman has long had access to the ease and efficiency of a CARETS hosted property search. The revolutionary IDX technology Hackman now hosts on her Coldwell Banker website gives potential California buyers the same accessibility to detailed listings once reserved for real estate professionals only.

Irvine, CA - June 13, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest, privately held non-bank lenders in the US, is pleased to announce the launch of their new correspondent division from the company’s recently opened fulfillment center in Irvine, CA. The launch of REMN’s correspondent division coincides with the addition of two key hires to be based in the Irvine fulfillment center. Effective immediately, Bela M. Donine is joining REMN as Managing Director of Correspondent Lending, charged with leading the strategic launch of this important new initiative for REMN. Joining Donine will be Melissa Sherman, Managing Director of West Coast Operations, who will provide support for the new correspondent division and manage wholesale fulfillment operations for the West Coast.

Irvine, CA - June 13, 2012 - (RealEstateRama) -- Keystone Pacific Property Management, a leading community association management company providing management services to community associations throughout Southern California, has promoted Rebecca Arroyo from associate community association manager to community association manager. Arroyo started with Keystone Pacific Property Management in 2005 as an enforcement coordinator and was promoted in 2006 as the account executive for the CZ Master community in Rancho Santa Margarita. She has over 10 years of property management experience.

Torrance, CA - June 13, 2012 - (RealEstateRama) -- Construction has begun on the $120 million multifamily project at 4201 Via Marina in Marina del Rey, Calif. Designed by Nadel Architects, Shores, a 12-building complex, is just a stroll away from both the beach and the marina docks. The County of Los Angeles, which owns and manages Marina del Rey, along with owner and developer Jerry Epstein of Del Rey Shores, LLC, one of the original Marina del Rey developers from the 1960s, envisioned the need for renovation and redevelopment to meet the demand for new, quality, higher-density, contemporary apartment living near the ocean.

LOS ANGELES, CA - June 13, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $19,255,000 sale of two medical-related office buildings totaling approximately 100,000 square feet in the Orange County, Calif. cities of Cypress and Costa Mesa. The buildings are fully occupied by WCCT Global LLC, an early phase drug development Clinical Research Organization (CRO)

LOS ANGELES, CA - June 13, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,075,000 sale of a 20-unit apartment property located at 225 N. Ave. 53 in Highland Park near the 110 freeway.

Torrance, CA - June 13, 2012 - (RealEstateRama) -- Westside Estate Agency, (www.weahomes.com), a leading luxury real estate agency with offices in Beverly Hills and Malibu, is among the first luxury realtors in the country to adopt HTML 5, the latest initiative in the firm’s ongoing effort to use cutting edge technology to market properties.

DOWNTOWN LOS ANGELES, CA - June 12, 2012 - (RealEstateRama) -- CREW-LA, Los Angeles’ premiere trade and networking organization for women, as well as men, from a variety of real estate professions, has invited Jan Perry, Councilwoman for Los Angeles’ Ninth District, to present at its June 13, 2012 luncheon at the Millennium Biltmore Hotel located at 506 S. Grand Avenue in downtown Los Angeles. “What’s in the Pipeline?” will look at current and future commercial real estate projects in Los Angeles and their impact, from Perry’s perspective, on the economic growth of the City.

Torrance, CA - June 12, 2012 - (RealEstateRama) -- The 60,000-square-foot industrial building at 3401 Exposition Blvd., in Santa Monica, was sold for $18.65 million to Watt Investments. The sale and purchase of the building, which currently includes production companies was brokered by Lee & Associates West Los Angeles. Centinela Studios, LP was the seller.

Torrance, CA - June 12, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate brokerage firms in the country, has closed the sale, valued at more than $7 million, of a warehouse in Hayward, Calif.

Washington, D.C. - June 11, 2012 - (RealEstateRama) -- U.S. Reps. Gary Peters (D-MI), John Campbell (R-CA) and Keith Ellison (D-MN) introduced the Preserving American Homeownership Act of 2012. The crux of this legislation is the creation of a principal reduction program to allow eligible homeowners to have their underwater properties revalued at a more accurate level. By implementing this program, struggling homeowners could qualify for more affordable monthly mortgage payments which would cut foreclosure rates and strengthen the housing market. And by using a shared appreciation model, taxpayers would receive a portion of future revenues from the sale of the house.

San Diego, CA - June 11, 2012 - (RealEstateRama) -- Voit Real Estate Services’ San Diego office has successfully directed the $5.6 million sale of a 31,421 square-foot office building located at 9980 Carroll Canyon Road in San Diego, Calif., on behalf of the seller. The buyer, San Diego-based National University, the second-largest private, nonprofit institution of higher education in California and the twelfth-largest in the United States, plans to use this two-story building for administrative and educational purposes, according to Brian Mulvaney, CCIM, SIOR, a Senior Vice President in Voit’s San Diego Office

LOS ANGELES, CA - June 11, 2012 - (RealEstateRama) -- California Attorney General Kamala D. Harris today announced the arrest of two individuals in a $1.3 million Ponzi scheme that targeted Latino investors, many of whom were seniors.

IRVINE, CA - June 11, 2012 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, announced today two technology innovations for the retail industry, a Mobile Design Studio and a Site Survey App for the iPad. According to KTGY's Associate Principal Craig T. Chinn, who heads up the Retail Studio, "We have two very unique concepts that are being used by top retailers and developers nationwide, which saves them time and money, our Mobile Design Studio and a Site Survey App."

Chicago, IL - June 11, 2012 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) and USGBC’s Northern California Chapter (USGBC-NCC) will launch the California Best Buildings Challenge at the closing plenary event of the 2012 Clinton Global Initiative America (CGI America), a meeting focused on finding solutions that promote economic recovery in the United States.

IRVINE, CA - June 11, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Patrick G. Kent represented the buyer and seller in the sale of a single-tenant Panera Bread in Temecula, Calif. The purchase price was $2,715,000, representing a 6.43% capitalization rate and $560 per square foot.