Yearly Archives: 2012

WASHINGTON, D.C. - May 31, 2012 - (RealEstateRama) -- Californians need Attorney General Harris’ Homeowner Bill of Rights to fix mortgage lending abuses and speed economic recovery. But lobbyists fighting it in Sacramento have now enlisted mortgage bankers from around the country to help them defeat it.

COMMERCE, CA - May 30, 2012 - (RealEstateRama) -- David Fults and Brian McLoughlin of Voit Real Estate Services’ Greater Los Angeles office have successfully completed the new, seven-year, $1.6 million lease of a 47,500 square-foot industrial warehouse at 6655 East 26th Street in Commerce, CA on behalf of the lessee. This free-standing industrial facility will be fully occupied by Insul-Therm International, Inc., a company that manufactures and distributes insulation products for the industrial and commercial insulation markets, according David Fults, a Senior Vice President in Voit’s Greater Los Angeles office.

May 24, 2012 - (RealEstateRama) -- Mayor Edwin M. Lee today announced the introduction of a Housing Trust Fund Charter Amendment to the Board of Supervisors to protect family housing in San Francisco. If adopted by the Board and approved by voters, a permanent source of revenue would fund the creation of housing that is affordable to low and moderate households in San Francisco for the next 30 years. The measure is expected to go before voters in November.

CUPERTINO, CA - May 24, 2012 - (RealEstateRama) -- Melissa Lindt, international luxury real estate expert has joined Intero Real Estate Services. Born in Switzerland, Melissa brings a global perspective to the San Francisco Bay Area and a decade of focusing on the high-end luxury market to Intero. “Adding someone with such diverse experience in the luxury market pushes us farther in expanding, not only the Intero brand, but our Intero Prestigio division,” says Gino Blefari, CEO and President of Intero Real Estate Services

EUGENE, OR - May 23, 2012 - (RealEstateRama) -- Long Beach, California real estate agent Leslie Stonick has enabled the remarkable IDX Broker software on her professional website, making her the host of a dynamic and comprehensive real estate search function. The online property search process was once complicated for agents, brokers and home seekers alike.

Torrance, CA - May 23, 2012 - (RealEstateRama) -- You can’t throw a stone without hitting a mixed-use development underway or in planning in Santa Monica, Calif. these days. At least eight mixed-use projects combining residential and retail are either under construction or in planning stages as Santa Monica readies for the completion of the Expo Light Rail line and works to increase the available stock of housing, according to Christine Deschaine, a principal of Lee & Associates-LA North/Ventura, Inc. who is preleasing one of the projects underway and advising on another

Torrance, CA - May 21, 2012 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc. one of the largest commercial real estate brokerage companies in Los Angeles County, and Moss & Company, a leader in property management in Southern California, have formed an alliance to offer building owners a seamless transition from acquisition to the management of commercial properties

LOS ANGELES, CA - May 21, 2012 - (RealEstateRama) -- After posting a strong performance in March, California pending home sales slipped in April, but were higher than a year earlier for the twelfth consecutive month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Additionally, the share of equity sales posted its highest level in nearly four years.

EUGENE, OR - May 21, 2012 - (RealEstateRama) -- IDX, Inc. has supplied Rick Fuller with an innovative IDX solution, making his real estate website a great location to experience the online property search for Antioch, California homes. East Bay Regional Data MLS (EBRD) listings are seamlessly integrated onto Fuller’s website, giving his clients a comprehensive database of property listings to search through.

SAN DIEGO, CA - May 21, 2012 - (RealEstateRama) -- Sperry Van Ness – Miller Commercial Real Estate Advisors; Brent Miller, CCIM, CPM, Henry Hanna, CCIM, SIOR, John McClellan, CCIM, David Wilk and Managing Director Amy Miller, CPM recently attended the SVN “Get Connected” Spring Conference in San Diego, CA held at the Westin San Diego. The SVN-Miller office received the award for the 6th ranked firm in the country. John McClellan, CCIM was recognized as a top advisor ranking 20th, and Henry Hanna, CCIM, SIOR ranked 22nd in the country. In addition, Henry Hanna received the SVN Ambassador of the Year award.

Torrance, CA - May 21, 2012 - (RealEstateRama) -- C.W. Driver has been named construction manager for the City of Beverly Hills Public Works Warehouse and Shops project, a $7.8 million expansion plan which will be located at 9357 Third Street near Civic Center Drive in Beverly Hills, Calif. When completed in January 2013, the facility will become an essential services facility that will allow the City’s maintenance and communications departments to operate in case of an emergency or natural disaster. C.W. Driver has begun working with RTK Architects on the pre-construction phase for the project.

LOS ANGELES, CA - May 21, 2012 - (RealEstateRama) -- California home sales and median price both jumped in April, with sales shooting up to their highest level in more than two years, and the median price rising above $300,000 for the first time in 16 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

LOS ANGELES, CA - May 21, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds California Congressmen Gary Miller (R-Brea) and seven other California congressional members for introducing legislation that calls for the Federal Housing Finance Agency (FHFA) to cease its plan to sell Fannie Mae-owned foreclosed homes in California to large investors.

TRAVIS AIR FORCE BASE - May 21, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris and Holly Petraeus, Director of the Office of Service Member Affairs at the Consumer Financial Protection Bureau (CFPB), today met with Airmen and their families to discuss the financial difficulties they face, especially as they relate to the foreclosure crisis.

NEWPORT BEACH, CA - May 21, 2012 - (RealEstateRama) -- Mark Lucescu, President of LUCESCU REALTY, a market leading investment real estate services firm, announced today the sale of Lake Pleasant Pavilion Shopping Center in the City of Peoria in the Phoenix, Arizona metro area for $41.75 million. LUCESCU REALTY exclusively represented the interests of the seller, Kornwasser Shopping Center Properties, a private development firm, headquartered in Los Angeles, California, and procured the buyer, Excel Trust, a publicly-traded real estate investment trust, located in San Diego, Calif. This is Excel’s second acquisition in the Valley. Earlier this year the Company acquired Scottsdale Promenade for $166 million in a deal that was also brokered by LUCESCU Realty

Los Angeles, CA - May 18, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the $2.1 million sale of a 12,221-square-foot U.S. Post Office facility located at 811 N. La Brea in Inglewood, Calif.

Torrance, CA - May 18, 2012 - (RealEstateRama) -- Auction.com (www.auction.com), the nation’s leading online real estate marketplace, will auction an oceanfront estate on the Newport Beach coastline. Online bidding opens Monday, May 21 and closes the evening of Wednesday, May 23.

Irvine, CA - May 17, 2012 - (RealEstateRama) -- Keystone Pacific Property Management, a leading community association management company providing management services to community associations throughout Southern California, is proud to announce that Christine Padilla has earned the Professional Community Association Manager (PCAM®) designation through the Community Associations Institute (CAI).

LOS ANGELES, CA - May 17, 2012 - (RealEstateRama) -- Housing affordability in California set a new record high in first quarter 2012 rising to 56 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The increase can be attributed to record-low interest rates and stabilization in home prices.

Washington, DC - May 17, 2012 - (RealEstateRama) -- Senator Dianne Feinstein (D-Calif.) today introduced the Expanding Refinancing Opportunities Act of 2012, a bill to allow more homeowners the chance to refinance mortgages with insurance provided by the Federal Housing Administration (FHA). The proposal applies to mortgages not already guaranteed by federal housing authorities such as Fannie Mae, Freddie Mac and FHA.