Yearly Archives: 2012

SACRAMENTO, CA - February 23, 2012 - (RealEstateRama) -- The state’s homebuilders pulled permits for fewer new single-family and multifamily homes in January when compared to the previous month and when compared to January 2011, the California Building Industry Association announced today.

IRVINE, CA - February 23, 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 Kevin T. Fryman represented the seller in the sale of a single-tenant NNN leased investment, La Barca Restaurantes, a 3,664-square-foot restaurant in Pico Rivera, Calif., offering authentic, fresh-made Mexican food. The purchase price was $1,400,000, which represented a cap rate of 6.50%. The tenant has 7 years remaining on the lease.

Jacksonville, FL - February 22, 2012 - (RealEstateRama) -- CBRE announced today the expansion and renewal of term life insurance broker, SelectQuote, at 701 San Marco Boulevard for 15,231 square feet. CBRE negotiated the transaction on behalf of the landlord

February 22, 2012 - (RealEstateRama) -- United States Attorney Laura E. Duffy announced the unsealing of an indictment today charging a local real estate agent, Eric Elegado, and eight other mortgage industry professionals—Charmagne Elegado, Theodore Cohen, Minh Nguyen, Regidor Pacal, Alexander V. Garcia, Roman Macabulos, Ramin Lotfi, and Roderick Huerto, with multiple counts of conspiracy, wire fraud, money laundering, and criminal forfeiture. According to court proceedings, these defendants engaged in a multi-million-dollar mortgage fraud scheme that targeted vulnerable, low-income immigrants in San Diego. All of the defendants were arraigned today in federal court before U.S. Magistrate Judge William McCurine, Jr.<

Irvine, CA - February 22, 2012 - (RealEstateRama) -- Keystone Pacific Property Management, a leading community association management company providing management services to community associations throughout Southern California, has promoted Sean Fitzpatrick from Associate Community Association Manager to Community Association Manager. Fitzpatrick is based in the Irvine office and has been a member of the team since 2006.

Torrance, CA - February 21, 2012 - (RealEstateRama) -- Lee & Associates, one of the nation’s leading commercial real estate providers with regional and local expertise, has closed a $9 million sale transaction for a 47,411-square-foot industrial property located at 25 E. Mason Street in Santa Barbara, Calif. At $190 per-square-foot, the building is less than a quarter mile from the city’s pristine waterfront.

EUGENE, OR - February 21, 2012 - (RealEstateRama) -- IDX, Inc. welcomes Monika Zakaryan to the growing network of agents and brokers who have chosen IDX Broker software, as a way of revolutionizing their real estate websites. Glendale, California properties can now be found on one convenient IDX enabled website, that of Zakaryan, where they can search quickly and easily for their dream home. As a member of the California Real Estate Technology Services MLS (CARETS), Zakaryan has long had access to thousands of detailed property listings on the CARETS. Now, her clients can experience unprecedented access and ease during the online search, with the IDX solution Zakaryan hosts.

Washington, D.C. - February 20, 2012 - (RealEstateRama) -- Democratic Leader Nancy Pelosi and Congresswoman Jackie Speier sent a letter today to Attorney General Eric Holder requesting he direct the Justice Department’s Financial Fraud Enforcement Task Force to examine whether any violations of Federal law occurred in the processing of foreclosures in San Francisco

IRVINE, CA - February 20, 2012 - (RealEstateRama) -- KTGY Group, Inc., Architecture + Planning, is pleased to announce its latest achievements in home design excellence. Primera Terra community has been honored by the National Association of Home Builders (NAHB) with a 2012 Best in American Living Award (BALA) Platinum award in the category of Neighborhood Design. The landmark LEED Platinum certified project, one of the largest in California, is built by KB Home (NYSE: KBH) and is comprised of 52 luxury for-sale condominium homes in Playa Vista, Calif.

EUGENE, OR - February 20, 2012 - (RealEstateRama) -- With new clients added daily, IDX, Inc. announces the latest real estate professional to adopt the customizable IDX Broker software: Studio City, California Realtor Matt Epstein. Agents and brokers alike can experience an unprecedented level of access to California Real Estate Technology Services (CARETS) listings with the newly IDX enabled website Epstein hosts. His IDX solution gives Epstein the ability to seamlessly integrate thousands of listings onto his search page, revolutionizing the way potential buyers search for and find properties online.

LOS ANGELES, CA - February 17, 2012 - (RealEstateRama) -- In a continuing effort to reduce consumers’ costs associated with purchasing a home, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is sponsoring Assembly Bill 1711, which will clearly define what constitutes an energy efficiency retrofit that would “unreasonably or unnecessarily” affect a home purchase.

SACRAMENTO, CA - February 16, 2012 - (RealEstateRama) -- Housing affordability continued to increase in all but three of the state’s metropolitan areas included in the report and reached the highest statewide level since the California index was developed in 2007, the California Building Industry Association announced today.

LOS ANGELES, CA - February 15, 2012 - (RealEstateRama) -- California home sales declined from both the prior month and year in January, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The median price also was lower, primarily due to a sales increase in the distressed market

SAN DIEGO, CA - February 15, 2012 - (RealEstateRama) -- Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a fraudulent mortgage loan modification business pled guilty today in federal court in San Diego, announced United States Attorney for the Southern District of California Laura E. Duffy. According to the plea agreements, Ziad Nabil Mohammed Al Saffar and Sara Beth Bushore Rosengrant admitted that they operated the fraudulent loan audit and modification business, located in San Diego, California, under the names “Compliance Audit Solutions, Inc.” (“CAS”) and CAS Group, Inc., (“CAS Group”). Daniel Al Saffar admitted that he worked as a sales representative in connection with the operation.

SOUTHERN CALIFORNIA, - February 15, 2012 - (RealEstateRama) -- Voit Real Estate Services has directed seven transactions in Southern California totaling 277,845 square feet for a total consideration of $11.2 million.

IRVINE, CA - February 15, 2012 - (RealEstateRama) -- Sperry Van Ness / SVN Management, Inc. held its quarterly Broker Forum event on January 31, 2012 at The Pacific Club in Newport Beach, Calif. With more than 150 guests in attendance, the free, networking event attracted brokers from various companies who shared their listing inventory with fellow attendees.

Panorama City, CA - February 15, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization has completed the sale of a 11,481 square-foot retail building located at 14600 Roscoe Blvd., Panorama City, Calif. The transaction is valued at $2.575 million.

SAN LUIS OBISPO, CA - February 14, 2012 - (RealEstateRama) -- On Monday, February 13, 2012, San Luis Obispo celebrated the grand opening of The Village at Broad Street Family Apartments, a development by ROEM Corporation, in collaboration with the City of San Luis Obispo. The grand opening was held at 2:00 p.m. at 2240 Emily Street in San Luis Obispo.

LOS ANGELES, CA - February 13, 2012 - (RealEstateRama) -- California’s housing affordability rose to its highest level in fourth-quarter 2011, matching a record high set in 2009, thanks to lower home prices and record-low interest rates, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

WASHINGTON, D.C. - February 13, 2012 - (RealEstateRama) -- USAA Real Estate Company announces the acquisition of 26 acres of land in Moreno Valley, California for the immediate development of a 522,772 square foot, state-of-the-art distribution center. Southern California-based Overton Moore Properties will act as developer for the project. Millie and Severson, Inc. will serve as contractor and the architect on the project is HPA, Inc.