Yearly Archives: 2012

EUGENE, OR - January 17, 2012 - (RealEstateRama) -- IDX, Inc. is pleased to welcome the real estate expertise of Daniel Winkler of Daniel Winkler Inc to the growing network of realty professionals dedicated to serving the needs of their clients. Luxury home seekers can now experience an unprecedented level of accessibility to thousands of Bay Area Real Estate Information Systems (BAREIS) listings, on Winkler’s convenient and easy-to-use IDX-enabled website. As the raw listings data of BAREIS properties is now extracted and seamlessly integrated into the search functions Winkler hosts, IDX Broker has forever changed the way Albany, California area home seekers access the BAREIS database and find the perfect property online.

IRVINE, CA - January 16, 2012 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that KTGY Principal and thought-leader, Rohit Anand, AIA, NCARB, will take an active role in shaping future multifamily development by sharing his expertise at the 2012 National Multihousing Council (NMHC) Annual Meeting, held January 17-19, 2012, at the Boca Raton Resort & Club in Boca Raton, Fla. The NMHC Annual Meeting is the largest gathering of the year where NMHC members come together to network with their colleagues.

Torrance, CA - January 16, 2012 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the closing of two notable acquisitions: one for a loan portfolio with residential assets located throughout South Carolina and a separate note purchase on a high profile subdivision in the North Hills section of Raleigh. In total, MREC acquired approximately 150 performing and non-performing loans totaling over $100 million in loan balance. The loans are secured primarily by residential development properties in Raleigh, N.C., and the Charleston, Myrtle Beach, Hilton Head and Kiawah Island areas of South Carolina.

LOS ANGELES, CA - January 16, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced it has entered into an affinity partnership with Guardly, a leading provider of mobile personal safety applications, to provide a smartphone app that helps REALTORS® stay safe on the job.

Torrance, CA - January 16, 2012 - (RealEstateRama) -- In a move that will have a major impact to its office brokerage presence, Lee & Associates NYC has hired two of New York’s highly respected industry veterans Howard Rosen and John Cannon. The two brokers, who had been repeatedly recognized as top national and regional producers at their former firm, Grubb & Ellis NY, and are members of the President’s Council and repeat recipients of G&E Circle of Excellence Awards, come to Lee with more than 50 years of combined office broker experience.

Irvine, CA - January 16, 2012 - (RealEstateRama) -- Trent Walker and Sam Olmstead of Voit Real Estate Services’ Irvine office directed the industrial sale with the largest consideration of 2011 in Orange County, according to CoStar data. Walker represented the seller and, both Walker and Olmstead the buyer in the $47 million sale of the Irvine Crossings project, a 420,000 square-foot industrial warehouse and data center situated on 21.7 acres at 17871 Von Karman and 17836 Gillette in Irvine, Calif.

Torrance, CA - January 12, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $3.8 million sales transaction for a 102,566-square-foot industrial building located at 26090 Ynez Road in Temecula, Calif.

San Francisco, CA - January 12, 2012 - (RealEstateRama) -- Danielle Lazier has been named Zephyr Real Estate’s Top Producer of 2011. Having sold 60 properties during the year, Lazier ranks among the top one-half of one percent of real estate agents in all of San Francisco.

Washington, DC - January 12, 2012 - (RealEstateRama) -- Representatives Mike Thompson (CA-1), Zoe Lofgren (CA-16) and Anna Eshoo (CA-14) led a group of 25 California Members of Congress in calling on President Barack Obama to address the housing crisis and appoint a Director of the Federal Housing Finance Agency (FHFA). The FHFA, which oversees mortgage backers Fannie Mae and Freddie Mac, has been without a permanent director for two and a half years.

Torrance, CA - January 11, 2012 - (RealEstateRama) -- Lee & Associates Net Leased Group in Carlsbad, Calif., a division of the national brokerage firm Lee & Associates, has closed a $19.1 million sale of a car dealership property at 6801 E. Frontage Rd, in Merriam, Kansas. The 58,430-square-foot property, which is occupied by CarMax, Inc., was purchased by an undisclosed buyer. CarMax, which will remain in the property, has 17 years on the initial lease term, which also includes four, 5-year options to extend.

IRVINE, CA - January 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 Edward B. Hanley, William B. Asher and Patrick G. Kent sold three multi-tenant strip centers totaling 96,327 square feet in southern California for a total consideration of $8,170,026

IRVINE, CA - January 11, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment sales groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher and Edward B. Hanley sold a 31,900-square-foot multi-tenant retail center located on Highway 111 in Rancho Mirage, Calif. The purchase price was $6.8 million.

WASHINGTON, D.C. - January 11, 2012 - (RealEstateRama) -- Today Mayor Edwin M. Lee and Supervisor Malia Cohen today introduced a resolution at the Board of Supervisors to ensure that major redevelopment projects, such as Mission Bay, the Hunters Point Shipyard, and Transbay as well as affordable housing projects under the San Francisco Redevelopment Agency can continue after the State required their elimination. The resolution is also co-sponsored by Supervisors Jane Kim and Christina Olague.

Washington, DC - January 11, 2012 - (RealEstateRama) -- Congressman Mike Thompson (CA-1) today announced more than $5.5 million for homeless programs across California’s First Congressional District. The funding comes through the U.S. Department of Housing and Urban Development (HUD) and will ensure these housing and service programs remain operating in 2012 in an effort to reduce and end homelessness.

San Bernardino CA - January 11, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed an unprecedented sale of a newly developed neighborhood center in San Bernardino, Calif. Built in 2009, Ree-Charge ‘N Go ® is not only anchored by 7-Eleven and T-Mobile but offers charging station that can fuel multiple electric vehicles at once.

SAN DIEGO, CA - January 10, 2012 - (RealEstateRama) -- Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, has placed $10.45 million of its New Markets Tax Credit (NMTC) allocation to develop a 36,000-square-foot, freestanding market in the Mercado del Barrio project in Downtown San Diego in concert with its investment partner, Wells Fargo.

Torrance, CA - January 10, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, representing the seller, brokered a $2.5 million sale of the Edna Grandview Business Park, located at 525-601 E. Edna Park Place in Covina, Calif.

LOS ANGELES, CA - January 10, 2012 - (RealEstateRama) -- Commercial real estate investment banking firm George Smith Partners has successfully arranged $16 million in construction financing for DJM Capital Partners, Inc., whose affiliate is the owner of the Bella Terra Shopping Center in Huntington Beach, Calif. according to Principal and Managing Director, Steve Bram and Senior Vice President, David Pascale. The construction loan will allow DJM to create a big box retail pad for new tenant Costco Wholesale Corporation.

IRVINE, CA - January 10, 2012 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez, President of HI Urban Retail Advisors represented the buyer in the purchase of the 6,150-square-foot ground-floor retail condominium of a 263-unit luxury condominium building, known as Luma, within the heart of Downtown Los Angeles, Calif. The purchase price was $2.62 million.

Orange County, CA - January 10, 2012 - (RealEstateRama) -- In the fourth quarter of 2011, the Orange County office market displayed positive net absorption for the sixth consecutive quarter, posting 819,510 square feet – the most occupation of space since the first quarter of 2007, according to the Fourth Quarter Market Report from Voit Real Estate Services. In addition, activity volume reached its highest level since 2006, and both vacancy and availability decreased from the previous quarter.