Yearly Archives: 2012

WASHINGTON, DC - August 28, 2012 - (RealEstateRama) -- William J. Ferry, a former stock broker and investment advisor, and Dennis J. Clinton, a former real estate investment manager, were found guilty by a federal jury in Santa Ana, Calif., today for their roles in a conspiracy to defraud a wealthy investor of $1 billion in a high-yield investment fraud scheme, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division. The investor was, in reality, part of an undercover FBI team that posed as wealthy investors and investment managers in an effort to stop fraudsters before they actually harmed victims.

Torrance, CA - August 28, 2012 - (RealEstateRama) -- Lee & Associates, one of the leading broker-owned commercial real estate firms in the nation, has closed a $4.6 million industrial sale in Los Angeles. The 51,149-square-foot property is located at 1875 East 22nd Street

Torrance, CA - August 28, 2012 - (RealEstateRama) -- Erik Thompson and Luke Hudson of Lee & Associates, one of the largest national commercial real estate providers with regional expertise, have been promoted to principal of the Orange office. The former associates host a wealth of knowledge of the local real estate market

Torrance, CA - August 28, 2012 - (RealEstateRama) -- In a transaction involving a UPS Ground Freight facility, Lee & Associates, one of the largest broker-owned commercial real estate brokerage firms in the country, has closed a sale for an industrial property in San Leandro, Calif. The terms of the transaction have not been disclosed

SACRAMENTO, CA - August 24, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the arraignment of two Sacramento men who stole more than $3.2 million from investors who were told their money was being invested in a real estate venture to buy and re-sell foreclosed homes

Torrance, CA - August 24, 2012 - (RealEstateRama) -- Lee & Associates-North San Diego County, a member of one of the largest national commercial real estate providers with regional expertise, has promoted Mary Kay Bier to shareholder.

LOS ANGELES, CA - August 23, 2012 - (RealEstateRama) -- A continued shortage of available homes on the market impeded California pending home sales in July, but pending sales were still higher from the previous year for the 15th straight month, CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

LOS ANGELES, CA - August 23, 2012 - (RealEstateRama) -- The Federal Housing Finance Administration (FHFA) is moving ahead with its REO bulk sales pilot initiative in a highly secretive manner, despite vehement opposition from California congressional members, the negative economic impact to the state’s housing market, and cost to taxpayers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Torrance, CA - August 20, 2012 - (RealEstateRama) -- C.W. Driver, a leader in Southern California healthcare construction, has broken ground on Palomar Health’s new $4.5 million satellite clinic, the Ramona Ambulatory Care Center in Ramona, Calif. Designed by San Diego-based Mascari Warner Architects, the 7,600-square-foot, single-story outpatient medical clinic built on approximately an acre of land will expand the healthcare services for the Ramona community.

Torrance, CA - August 20, 2012 - (RealEstateRama) -- HGA Architects and Engineers (HGA) has hired Ronald Benson, AIA, NCARB, LEED® AP, as senior associate in its Los Angeles office. A licensed senior project manager with more than 25 years of international and domestic experience, Benson will join the firm’s higher education and healthcare practice groups.

August 20, 2012 - (RealEstateRama) -- The Homeownership Protection Program Joint Powers Authority now has its own website, allowing those interested in the JPA’s activities to view live meetings, archived meeting videos, meeting agendas, minutes, and other information

LOS ANGELES, CA - August 20, 2012 - (RealEstateRama) -- Real Estate Business Services® Inc. (REBS®), the subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) announced today the availability of Aon Rent Protect in California.

LOS ANGELES, CA - August 17, 2012 - (RealEstateRama) -- California home sales and prices both posted strong gains in July, with the sales pace showing positive year-over-year growth for the fourth straight month and the median price reaching a near-four-year high, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

WASHINGTON, DC - August 16, 2012 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

LOS ANGELES, CA - August 15, 2012 - (RealEstateRama) -- Real Estate Business Services® (REBS®), the subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), today announced that Central Coast Regional MLS (CCRMLS) is providing access to the time saving zipFormMLS-Connect® feature for its members. This will offer agents easy accessibility to MLS information while inside of their forms as well as get parties to the signing table quickly. Five local Associations (AORs) of CCRMLS are offering zipFormMLS-Connect® as a member benefit (Atascadero AOR, Paso Robles AOR, Pismo Coast AOR, San Luis Obispo AOR, and Scenic Coast AOR). REALTORS® of the Santa Maria AOR can purchase access to zipFormMLS-Connect® individually.

Los Angeles, CA - August 15, 2012 - (RealEstateRama) -- Last week, Neighborhood Housing Services of Los Angeles County (NHS) was awarded a $1.45 million grant made by the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) Fund program. As part of the U.S. Treasury’s commitment to revitalizing economic and community development, NHS was one of 177 CDFI Program awardee organizations receiving an aggregate total of more than $176 million. NHS was awarded the highest amount given to an organization

Torrance, CA - August 14, 2012 - (RealEstateRama) -- Lee & Associates Ontario, the Inland Empire office for Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease for System Services of America, Inc. (SSA) with Metropolitan Life Insurance, located at 13204-13250 Philadelphia Avenue in Fontana for $9.08 million.

Torrance, CA - August 14, 2012 - (RealEstateRama) -- In lease negotiations involving both the FBI and Verizon Wireless, Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed two deals at 4811 Airport Plaza in Long Beach, Calif.

Torrance , CA - August 14, 2012 - (RealEstateRama) -- In a move to better serve its agents and clientele, Coldwell Banker Residential Brokerage has relocated to a new office space in Mission Valley, Calif. Centrally located near two major freeways and the Fashion Valley Mall, the new 7,960-square-foot office features an open floor plan and collaborative space that is conducive to productivity.

Torrance, CA - August 14, 2012 - (RealEstateRama) -- The historic Brown Derby building in Los Feliz has sold for $9.25 million. Located at 4500 Los Feliz Blvd., the 14,000-square-foot restaurant-retail building was once owned by famed Hollywood director Cecile B. DeMille and is the site of the last of the original four local Brown Derby restaurants.