Yearly Archives: 2012

IRVINE, CA - March 6, 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 William B. Asher and Jeremy S. McChesney represented the buyer in the sale of a single-tenant NNN leased investment, Walgreens in Tucson, Ariz. The purchase price was $5,190,000, representing a 6.70% capitalization rate.

LAGUNA HILLS, CA - March 6, 2012 - (RealEstateRama) -- Seventeen top community association professionals from around the state have been elected to the 2012 board of directors for the California Association of Community Managers (CACMSM). Charged with establishing and overseeing the statewide association’s programs and policies, the board upholds CACM’s code of ethics and standards of practice. The group also serves as an advisory body for CACM’s educational and certification program for community managers.

TUSTIN, CA - March 5, 2012 - (RealEstateRama) -- Gregory A. Fisher, President of Present Value Properties, Inc., a full service retail real estate brokerage and consulting firm headquartered in Tustin, Calif., announced today that the firm has hired Annette Kolb as Director of Real Estate. She will be responsible for the real estate needs of national chain retailers including Pizza Hut, Long John Silver and Jack in the Box franchisees located in Phoenix, Dallas and Missouri. She will handle lease extensions/renegotiations, new locations and relocations and be based in Phoenix.

Simi Valley, CA - March 5, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the purchase of a 186,726-square-feet industrial property located at 3935-3949 Heritage Oak Court., Simi Valley. The transaction value is confidential.

Pasadena, CA - March 5, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization represented Personal Assistance Services Council of Los Angeles County (PASC) in a 5-year, 11,352-square-feet office lease located at Gateway Metro Center. The Class-A office building is located at 3452 East Foothill Boulevard, Pasadena, Calif. The transaction is valued at $1.4 million.

Los Angeles, CA - March 1, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed a portfolio sale of four Rite Aid assets in Central Valley, Calif., comprising of 69,088-square-feet. The total transaction is valued at $23 million.

EUGENE, OR - March 1, 2012 - (RealEstateRama) -- IDX, Inc. and Danielle Newson have joined forces to produce and display a thorough and comprehensive online real estate search page, directly on the website Newson hosts. As a member of the California Regional MLS (CRMLS), McLean can conveniently sync thousands of Redondo Beach, California property listings with her search page, creating a unique and dynamic online real estate solution. IDX Broker software gives Newson the ability to effectively and efficiently match her clients, and other Redondo Beach home seekers, with their dream home, from her website and the innovative IDX Broker application for iPhone and iPad. Finding a property has never been easier online, thanks to the IDX enabled website of Newson.

February 29, 2012 - (RealEstateRama) -- Councilmember Steven Neal, 9th District, The Long Beach Housing Development Company (LBHDC) and developer/property manager Abode Communities announced $25.8 million in renovations to Evergreen Apartments, three affordable housing developments with a total of 81 units throughout the City of Long Beach.

SACRAMENTO, CA - February 29, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the California Homeowner Bill of Rights designed to protect homeowners from unfair practices by banks and mortgage companies and to help consumers and communities cope with the state's urgent mortgage and foreclosure crisis

Washington, DC - February 28, 2012 - (RealEstateRama) -- Amid the continuing national foreclosure crisis that has impacted millions of Americans, a unilateral decision by Federal Housing Finance Agency (FHFA) to block all forms of principal write-down for loans backed by Fannie Mae and Freddie Mac has prevented the housing market from recovering more quickly, said U.S. Reps. George Miller (D-Martinez) and Mike Thompson (D-St. Helena), who today ramped up pressure on the FHFA to reverse the decision that has stymied a more buoyant housing recovery.

Torrance, CA - February 28, 2012 - (RealEstateRama) -- HGA Architects and Engineers (HGA) has hired Jaime Mora, AIA, LEED AP, as associate vice president and healthcare principal in the firm’s Sacramento office. He will focus on client relations and business development for HGA’s successful Healthcare Practice Group

Torrance, CA - February 28, 2012 - (RealEstateRama) -- Lee & Associates Investment Services Group, representing the seller, VMA Mariner’s Mile, LLC, has brokered the $25 million sale of the iconic Mariner’s Mile Marine Center in Newport Beach, Calif. Mark Larson, president of Lee ISG and who represented the seller, said the buyer, a local private investor, purchased the property because of its 300 feet of frontage on Newport Bay and “pride-of-ownership.”

Chicago, IL - February 28, 2012 - (RealEstateRama) -- CostaBaja, the highly acclaimed beachfront resort community in La Paz, Baja California Sur, Mexico (www.CostaBaja.com) announced today it has retained DCP International (DCP), pioneers of the residence club real estate concept, to consult on the structuring, marketing and sale of its new fractional ownership opportunity. The Residence Club at CostaBaja is the first and only residence club to be offered in La Paz.

LOS ANGELES, CA - February 28, 2012 - (RealEstateRama) -- Commercial real estate investment banking firm George Smith Partners has successfully arranged two loans, totaling $25 million in financing for Upside Investments, LP., for its Carriage Square Shopping Center in Oxnard, Calif. according to Principal and Managing Director, Steve Bram and Senior Vice President, David Pascale. The two permanent loans replaced a construction loan which had allowed Upside Investments to complete a redevelopment of the 173,000 square-foot outdated shopping center. George Smith Partners had previously arranged the original construction financing for the center in November 2010

LOS ANGELES, CA - February 28, 2012 - (RealEstateRama) -- Raintree Partners, a Laguna Niguel, Calif.-based real estate investment and development company, has completed the acquisition of two luxury vacant condominium projects, Vista Paradiso and Villa Sofia, totaling 63 units in the county of Los Angeles, Calif. which the firm will, for the time being, hold and manage as condo units to be rented. This $24.2 million acquisition brings Raintree’s holdings in California to 15 multifamily communities, consisting of 2,057 units, according to Jeff Allen, CEO of Raintree Partners

EUGENE, OR - February 28, 2012 - (RealEstateRama) -- IDX, Inc. and Carol Olson have joined forces to revolutionize the way Pine Grove, California home seekers search for properties online, by adding the innovative IDX Broker software to the website Olson hosts. As a member of the California Regional MLS (CRMLS), Olson has long had access to the detailed property listings through their professional database. Now, with her IDX-enabled search page, Olson’s clients receive the same levels of access that was once reserved only for real estate agents and brokers, conveniently on her website. Her customizable IDX solution gives Olson and her clients more freedom and access to the CRMLS listings than ever before available online.

Torrance, CA - February 27, 2012 - (RealEstateRama) -- Jim Fisher and Mike Smith, principals of Lee & Associates-LA North/Ventura, Inc., transacted the sale of Southwood Gardens, a 358-unit multifamily asset at 5601 Paramount Ave. in Long Beach, Calif.

LOS ANGELES, CA - February 24, 2012 - (RealEstateRama) -- Pending home sales in California climbed in January from both the previous month and the previous year, according to data collected by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). Additionally, distressed home sales rose in January, comprising about half of all homes sold

SANTA MONICA, CA - February 24, 2012 - (RealEstateRama) -- Morley Builders is celebrating its 65th anniversary by opening a new eco-friendly office, demonstrating its commitment to the City of Santa Monica and sustainable construction.

SAN FRANCISCO, CA - February 24, 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 opening of a new retail location in Pleasanton, CA. This new REMN location will be staffed by a team of veteran mortgage professionals dedicated to providing local home buyers, home owners and real estate professionals with the customer service driven, quality experience REMN has become known for nationwide.