Yearly Archives: 2012

SACRAMENTO, CA - August 13, 2012 - (RealEstateRama) -- Two Chico business partners were sentenced today to prison for a mortgage fraud scheme they operated in 2006-2007, United States Attorney Benjamin B. Wagner announced.

LOS ANGELES, CA - August 10, 2012 - (RealEstateRama) -- Higher home prices offset record-low interest rates and lowered housing affordability in California in the second quarter of 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

San Jose, CA - August 10, 2012 - (RealEstateRama) - Kitchen & Bath Remodeling Seminar Saturday, August 25, 2012, 10:00am-12:00pm Case Design/Remodeling Office: 6155 Almaden Expressway Ste. 400 San Jose, CA 95120

Torrance, CA - August 10, 2012 - (RealEstateRama) -- Principals Keith H. Fielding, Tibor S. Lody, and Aleks Trifunovic , who previously worked as a team with Klabin Company, will provide an immediate impact with 40 years of collective experience and a long-standing relationship with the West Los Angeles market.

Torrance, CA - August 10, 2012 - (RealEstateRama) -- A portfolio of four multifamily properties in the Brentwood and West Los Angeles communities of Los Angeles has sold in separate transactions totaling more than $12 million, according to Mike Smith, Jim Fisher and Craig Stevens, principals of Lee & Associates-LA North/Ventura, who represented the seller in all the transactions and the buyers in two of the transactions.

Torrance, CA - August 10, 2012 - (RealEstateRama) -- Michael R. Ray has joined the national real estate law firm Pircher, Nichols & Meeks as a partner in the firm’s corporate and real estate private equity practice areas. Based in the Los Angeles office, Ray was previously a corporate partner with Husch Blackwell LLP.

Torrance, CA - August 10, 2012 - (RealEstateRama) -- Construction is complete for Nadel Architects-designed Heritage Plaza, a 230,000-square-foot retail center in Irvine, Calif. Originally designed in the 1970s, Heritage Plaza, owned by Regency Centers, is one of the oldest shopping centers in Irvine. The $10 million renovation project repositioned the center to best meet the diverse needs of current and future customer demand.

Torrance, CA - August 10, 2012 - (RealEstateRama) -- Robert D. Erickson, Mark Leonard and Marc Spellman, Principals of Lee & Associates-LA North/Ventura, Inc. (www.lee-associates.com), transacted the sale of a 46,321-square-foot office building at 26025 Mureau Road in Calabasas, Calif., the fourth and final Calabasas Commerce Center asset in a portfolio that had been owned by Arden Realty. The purchase price exceeded $7 million.

Washington, DC - August 3, 2012 - (RealEstateRama) -- Congressman Joe Baca (D-Rialto) introduced legislation in the House of Representatives to increase the supply of affordable rental housing available for middle-income seniors, who are ineligible to receive subsidized housing benefits that go to the lowest-income individuals. The Affordable Housing for Moderate-Income Seniors Act requires states receiving low-income housing tax credits from the federal government to provide additional credit points on their Qualified Action Plan criteria for developers who are able to build moderate-income housing for seniors

Washington, D.C. - August 2, 2012 - (RealEstateRama) -- Democratic Leader Nancy Pelosi released the following statement today after Acting Director of the Federal Housing Finance Agency, Ed DeMarco, refused to allow Fannie Mae or Freddie Mac to offer mortgage principal write-down relief for underwater homeowners, despite an analysis from his own agency demonstrating that such action would save Fannie Mae and Freddie Mac $3.6 billion, save taxpayers a net of $1 billion, and help 500,000 homeowners stay in their homes:

Washington, DC - August 1, 2012 - (RealEstateRama) -- Congresswoman Linda Sánchez (CA-39) today applauded the House of Representatives for passing the “Honoring America’s...

Washington, DC - August 1, 2012 - (RealEstateRama) -- Today 32 Members of the California Democratic Congressional Delegation, led by Rep. Zoe Lofgren (D-CA), released the following statement in response to Acting Director of the Federal Housing Finance Agency (FHFA) Ed DeMarco's decision to prevent Fannie Mae or Freddie Mac from offering mortgage principal write-down relief for underwater homeowners:

WASHINGTON, DC - July 31, 2012 - (RealEstateRama) -- Rep. Pete Stark (D-CA) announced nearly $5 million in grants awarded by the U.S. Department of Housing (HUD) and Urban Development to Alameda County. The money will help improve housing and economic opportunities for moderate-, low-, and very low-income individuals in Alameda County.

WASHINGTON, D.C. - July 30, 2012 - (RealEstateRama) -- The Justice Department today announced an agreement with a California municipality and a homeowners’ association to resolve allegations of discrimination on the basis of familial status in violation of the Fair Housing Act. The settlement, in the form of a consent order, must be approved by the U.S. District Court for the Northern District of California

LOS ANGELES, CA - July 25, 2012 - (RealEstateRama) -- A continued lack of housing inventory and slowing economy sent California pending home sales lower in June, but pending sales were still higher than the previous year for the fourteenth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

LOS ANGELES, CA - July 25, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced defendants who ran a national loan modification scam were ordered to pay more than $4 million in penalties and restitution, including $2 million to consumers who were falsely promised modifications of their mortgage loans

Washington, DC - July 23, 2012 - (RealEstateRama) -- Click here for entire Capitol Connection Newsletter During Federal Reserve Chairman Ben Bernanke’s appearance before the House Financial Services Committee on Wednesday, Congressman Miller expressed his serious concerns about the Federal Housing Finance Agency’s (FHFA) pilot program to sell Fannie Mae-owned foreclosed properties in California in bulk.

Washington, D.C. - July 20, 2012 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton) introduced the Fast Help For Homeowners (FHFH) Act, H.R. 6153, to help speed up the short sale process, a necessary step to addressing the housing crisis. McNerney’s bill was met with broad bipartisan support and industry endorsements

LOS ANGELES, CA - July 20, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is supporting and urging the swift passage of The Fast Help For Homeowners (FHFH) Act, a short sale bill that will require subordinate lien holders to respond to short sale offers within 45 days. The FHFH Act was introduced today by Congressman Jerry McNerney (D-Stockton)

WASHINGTON, D.C. - July 20, 2012 - (RealEstateRama) -- Construction employment increased in just half the states plus the District of Columbia from June 2011 to June 2012, but declined in a slim majority of states in the past month, according to an analysis of Labor Department data by the Associated General Contractors of America.