Yearly Archives: 2012

Washington, D.C. - September 17, 2012 - (RealEstateRama) -- U.S. Senators Barbara Boxer (D-CA) and Robert Menendez (D-NJ) called on Congress to move quickly to pass their legislation that could help millions of American families refinance following the announcement that the Federal Reserve will take steps to keep interest rates low for homeowners and other borrowers

WASHINGTON, DC - September 14, 2012 - (RealEstateRama) -- Congresswoman Lois Capps (CA-23) joined her colleagues in the Sustainable Energy and Environment Coalition (SEEC) on the floor of the House of Representatives urging the Speaker to immediately renew tax incentives for wind energy. The renewable energy Production Tax Credit (PTC) provides an income tax credit for each kilowatt-hour of electricity produced by a renewable energy source, including wind, and has been a key factor in the expansion of clean energy over the last decade.

Torrance, CA - September 14, 2012 - (RealEstateRama) -- Westside Estate Agency (http://www.weahomes.com) has listed more than two acres of luxury property in the heart of Los Angeles’ exclusive Holmby Hills neighborhood for $19,995,000.

Washington, D.C. - September 13, 2012 - (RealEstateRama) -- The Senate Committee on Veterans’ Affairs today passed the companion legislation to Congresswoman Janice Hahn’s bipartisan H.R. 4287 that updates the definition of “homeless veteran” to include those fleeing domestic violence.

Washington, DC - September 13, 2012 - (RealEstateRama) -- Yesterday, Congresswoman Maxine Waters held a bipartisan panel discussion on the nation’s ongoing housing crisis and whether the use of eminent domain to seize underwater mortgages is a feasible alternative to provide struggling homeowners with relief. The event was the third in a series of panels Rep. Waters launched this summer to discuss current topics in financial regulation. To open the panel discussion, Rep. Waters delivered the following remarks:

LOS ANGELES, CA - September 13, 2012 - (RealEstateRama) -- Federal agents this morning arrested 10 defendants who worked at a Rancho Cucamonga-based business that allegedly offered bogus loan modification programs to financially distressed homeowners. As a result of the scheme allegedly run out of 21st Century Real Estate Investment Corp. and several related companies, more than 4,000 financially distressed homeowners lost at least $7 million in fees they paid to the company, and many homeowners lost their homes to foreclosure.

Torrance, CA - September 13, 2012 - (RealEstateRama) -- Lee & Associates Inland Empire North, one of the largest broker-owned and full-service commercial real estate firms in the country, has been named the exclusive leasing representative and asset manager of the 328,283-square-foot Barstow Outlets.

Torrance, CA - September 13, 2012 - (RealEstateRama) -- “The property is situated in one of the best Creative Space locations in Santa Monica. It’s pocket-bounded by Stanford, Pennsylvania, Berkeley and Nebraska Avenues, home to many creative companies like Harvest Films, Imperial Woodpecker, Eight VFx, Global Produce and Twistory Studios,” said D. Wilson. “The neighborhood retains the low one- and two-story 1940s-1950s industrial character which has been lost in some of the other creative areas on the Westside.”

About Auction.com: Torrance, CA - September 12, 2012 - (RealEstateRama) -- Auction.com, the nation’s leading online real estate marketplace, and its Luxury Home Division (www.auction.com/luxury) reaffirmed its strength in the luxury residential market with the recent successful auctions of three non-distressed luxury properties in Newport Coast, Newport Beach and Santa Ynez.

Torrance, CA - September 12, 2012 - (RealEstateRama) -- General contractor C.W. Driver has begun construction on a 100,000-square-foot renovation and 30,000-square-foot expansion project for the existing 1957-built Storm and Nasatir building complex at the San Diego State University (SDSU) campus in San Diego. Designed by LPA Inc., to achieve LEED® Gold certification, the complex will offer program space for eight academic departments including anthropology, geography and foreign languages, among others. When completed in January 2015, the $73 million complex will include new and upgraded classroom technologies, academic and research laboratories, and faculty offices for the College of Arts and Letters.

WASHINGTON, DC - September 12, 2012 - (RealEstateRama) -- Today, Congresswoman Lois Capps (CA-23) joined nearly 100 of her bipartisan colleagues in urging the Congressional leadership to ensure continued eligibility for critical U.S. Department of Agriculture (USDA) Rural Development program funding for over 500 rural communities nationwide, including Atascadero, Paso Robles, Morro Bay, Nipomo, and Carpinteria on the Central Coast. Specifically, the lawmakers are urging House leadership to include language to protect eligibility for Rural Development funding in the Continuing Resolution appropriations bill to be considered by Congress this month. The USDA Rural Development program supports a wide range of affordable housing, economic development, and critical infrastructure projects in rural areas through grants, loans, and technical assistance. Click here to read about an example of the projects supported by USDA Rural Development.

Washington, DC - September 11, 2012 - (RealEstateRama) -- Congressman Joe Baca (D-Rialto) introduced legislation that directs the Government Sponsored Housing Entities, Fannie Mae and Freddie Mac, to offer 50 year mortgage refinance terms to qualified homeowners. The Flexible Refinancing for American Families Act establishes a mortgage plan that would allow homeowners to receive immediate, short-term relief in the form of low monthly mortgage payments.

WASHINGTON, DC - September 11, 2012 - (RealEstateRama) -- Citing new momentum and support among a broad array of stakeholders, U.S. Senators Robert Menendez (D-NJ) and Barbara Boxer (D-CA) today reintroduced the Responsible Homeowner Refinancing Act and called on Republicans to join them in passing the measure which would help millions of responsible homeowners refinance at lower mortgage rates.

WASHINGTON, DC - September 7, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today a $20,000 settlement with Land Home Financial Services (LHFS) to resolve allegations the lender violated the Fair Housing Act by refusing to approve a California couple’s mortgage application because the wife was on maternity leave

Torrance, CA - September 5, 2012 - (RealEstateRama) -- C.W. Driver, a premier builder serving the Western United States since 1919, has hired Steven Nelson as vice president of estimating in the firm’s Pasadena office. In his role, Nelson will act as a trusted advisor for the firm’s long list of clients and will be responsible for providing estimates on the firm’s preconstruction services and proposals, as the company continues to grow. A 30-year industry veteran, Nelson’s extensive experience will be a crucial component to the firms various practice areas including commercial and industrial projects, healthcare, retail and education

LOS ANGELES, CA - September 3, 2012 - (RealEstateRama) -- With thousands of California homeowners facing foreclosure, U.S. Rep. Karen Bass held a community town hall and consumer rights workshop to provide residents with one-on-one foreclosure counseling, financial guidance, as well as brief attendees on current legislation in Congress to help homeowners who are facing foreclosure stay in their homes.

August 31, 2012 - (RealEstateRama) -- Councilman Dee Andrews, 6th District, The Long Beach Housing Development Company (LBHDC) and Jamboree Housing Corporation (Jamboree) celebrated the grand opening of Collage Apartments at 1893, 1905, 1907 and 1911 Pine Avenue. Once blighted and crime-infested buildings, they have been transformed into quality affordable housing for workforce families.

SACRAMENTO, CA - August 31, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the final parts of the California...

LOS ANGELES, CA - August 28, 2012 - (RealEstateRama) -- A bill sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) that closes an important loophole in an applicant’s experience requirements for a real estate broker’s license has been signed into law

Torrance, CA - August 28, 2012 - (RealEstateRama) -- The Santa Ana Unified School District (SAUSD) experienced a facelift this summer when construction manager C.W. Driver completed $20 million worth of upgrades at 10 schools located throughout the district. While budgeting and timeliness remain top priority in education construction projects, C.W. Driver was entrusted to deliver each project on time and within budget. Working simultaneously on the 10 projects, C.W. Driver completed the work in August 2012.