Yearly Archives: 2012

Irvine, CA - March 27, 2012 - (RealEstateRama) -- Voit Real Estate Services’ Irvine office has successfully completed the $4.5 million acquisition of a 34,006 square-foot bank owned office building in the MacArthur Center located at 1420 Reynolds Avenue in Irvine, Calif. on behalf of the buyer. Originally built as a medical condo project, this property will be used as a church for a non-denominational religious organization, according to Skyler Serrano, a Senior Associate in Voit’s Irvine office.

SAN JUAN CAPISTRANO, CA - March 27, 2012 - (RealEstateRama) -- Voit Real Estate Services’ Irvine office has successfully directed a new 15-year, 6,000 square-foot retail lease in San Juan Capistrano, Calif. for O'Reilly Automotive, Inc. The building, formerly a Sizzler, was in negotiations with a fast food chain for over two years until design permits caused a deal to fall through, allowing the Voit team to move quickly to secure the space for its client, according to Keith Kropfl, Senior Vice President in Voit’s Irvine office.

BEAUMONT, CA - March 26, 2012 - (RealEstateRama) -- CT Realty Investors (www.ctrinvestors.com) announced today that the Beaumont Logistics Center, located at 520 Fourth St. and 415 Nicholas Rd. in Beaumont, Calif., has been fully leased to Updike Distribution Logistics and Hand Air Express. Combined, the two lease transactions represent one of the largest industrial leasing accomplishments in the Inland Empire in 2012.

EUGENE, OR - March 26, 2012 - (RealEstateRama) -- IDX, Inc. and Mike Rafii have joined forces to present California home seekers with a unique and informative online real estate search page on his Premier Bancorp Realty Group website. Rafii has adopted IDX Broker software and in the process upgraded the search capabilities of his online realty solution. As a member of the SANDICOR MLS, Rafii has long had access to thousands of detailed property listings. Now, his clients and other buyers seeking property in Encinitas, California can experience the same heightened level access to listings once reserved only for real estate agents and brokers.

Orange County, CA - March 26, 2012 - (RealEstateRama) -- Merit, a FirstService Residential Management company, announces the promotions of Andrew Schlegel, Executive Vice President Community Management Central Region; Katie Ward, Executive Vice President of Community Management, Southern Region; and, Isaiah Henry, Vice President of Business Development. In addition, Scott Mehlberger will expand his role as CFO of Merit and take on the responsibilities of Chief Operating Officer.

- March 22, 2012 - (RealEstateRama) -- Keystone Pacific Property Management, a leading community association management company providing management services to community associations throughout...

LOS ANGELES, CA - March 21, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has joined with the U.S. Department of the Treasury to help distressed homeowners move toward a solution to their mortgage problems at two events this week

Torrance, CA - March 21, 2012 - (RealEstateRama) -- Already a leading builder of campus buildings and laboratories, C.W. Driver will make its mark on one of the world’s preeminent research institutions when it completes six simultaneous projects at the California Institute of Technology (Caltech).

Torrance, CA - March 20, 2012 - (RealEstateRama) -- The joint venture between Mountain Real Estate Capital (MREC) and Harridge Development has recently acquired a bank-owned residential infill site located at 5120 Melrose Avenue, situated five miles northwest of downtown Los Angeles adjacent to Paramount Studios. The partners are in the process of re-entitling the site from multifamily to single family lots which they plan to sell to homebuilders. The terms of the acquisition were not disclosed.

SOUTHERN CA - March 20, 2012 - (RealEstateRama) -- As part of Voit Real Estate Services’ strategic initiative to further strengthen its regional leadership team, Mark Read has been named to the position of Executive Managing Director. Mark’s primary responsibility will be managing and leading Voit’s Irvine office, though he will also oversee the company’s Orange County, Los Angeles and Inland Empire operations, according to Robert D. Voit, Chief Executive Officer of Voit Real Estate Services.

Encino, CA - March 20, 2012 - (RealEstateRama) -- NAI Capital, a full service commercial real estate brokerage headquartered in Encino, California announced the expansion of its brokerage firm throughout its Southern California offices. As 2012 gains momentum, NAI Capital welcomes nine new brokers in the first quarter, and the influx of business emerging in these markets.

LARGO, FL - March 20, 2012 - (RealEstateRama) -- NAI Capital’s, Mel Moss, Senior Vice President and Dan Spell, Senior Vice President with NAI Capital’s West Los Angeles office represented Voyage-Largo, LLC in the purchase of a net leased CVS Pharmacy located in Largo, FL. The value of transaction was $4,120,000.00.

LOS ANGELES, CA - March 20, 2012 - (RealEstateRama) -- Roman Ciuni and Kurt Hediger of NAI Capital’s Newport Beach office have sold the historic 45-unit 61,425 sq. ft. Newberry Lofts residential building located at 900 E 1st Street in downtown Los Angeles. The buyer, M West Holdings, will take over the ongoing renovation of the property. The team represented both buyer and seller. The property was not listed and the transaction closed off-market

EUGENE, OR - March 20, 2012 - (RealEstateRama) -- With new accounts being added daily, IDX, Inc. announces the latest addition to the growing network of agents and brokers utilizing the immensely dynamic IDX Broker software: Encinitas, California real estate professional Mike Rafii. A member of the San Diego Regional MLS (Sandicor), Rafii can sync thousands of area listings directly onto the IDX-enabled search page he hosts. Finding an California area home online has never been easier, thanks to IDX Broker software and the comprehensive online real estate database Rafii has created with his customizable IDX solution.

EUGENE, OR - March 19, 2012 - (RealEstateRama) -- Tom Steffen and IDX, Inc. have joined forces to bring thousands of Desert MLS (DTMLS) listings to the fingertips of online Palm Desert, California home seekers. As a member of the DTMLS, Steffen has long had access to thousands of California area listings. Now, his clients can experience the same levels of accessibility, those once reserved only for agents and brokers, conveniently on the website Steffen hosts. His custom IDX solution has forever changed the way his clients search for homes around California.

LOS ANGELES, CA - March 19, 2012 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has arranged a 64,000-square-foot industrial lease for NRI USA at 13200 South Broadway Avenue in Los Angeles, marking the Canada-based third-party logistics company’s entry into Southern California. Cushman & Wakefield’s Los Angeles South team of Rusty Smith, Steve Bohannon, and Rooney Daschbach represented NRI USA, and landlord Prologis was represented in-house.

Torrance, CA - March 19, 2012 - (RealEstateRama) -- Lee & Associates, one of the nation’s leading commercial real estate providers, has hired Kathryn Tong as an senior associate to the Ontario office. With more than eight years experience in industrial, land and multi-family real estate, the Hong Kong native has added an extensive knowledge of the Los Angeles, San Gabriel Valley and Inland Empire markets to her international resume.

SACRAMENTO, CA - March 16, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the appointment of Professor Katherine Porter of the University of California, Irvine School of Law as the California monitor of the commitment by the nation's five largest banks to perform as much as $18 billion worth of homeowner and borrower benefits in the state. Attorney General Harris' decision to appoint a California monitor was made independent of the national settlement, and Professor Porter's role is focused exclusively on ensuring compliance in California.

LOS ANGELES, CA - March 15, 2012 - (RealEstateRama) -- Recent improvements in the overall economy, combined with extremely low interest rates lifted California home sales from both the prior month and year in February, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The median price dipped from January but is beginning to show signs of stabilization.

March 15, 2012 - (RealEstateRama) -- A combination of funding for new and renewed project grants awarded by the United States Department of Housing and Urban Development (HUD) will provide the County of San Bernardino more than $7 million to furnish transitional and permanent housing, as well as other supportive services, to homeless individuals and families who might otherwise be living on the streets.