Yearly Archives: 2013

LOS ANGELES - December 26, 2013 - (RealEstateRama) -- Seasonal factors, combined with shrinking housing affordability, cooled California pending home sales from both the previous month and year in November, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

CARSON, Calif. - December 23, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has brokered a 10-year lease for a 207,538-square-foot industrial building, located at 1241-1245 Watsoncenter Rd. in Carson, Calif., for $15 million.

SAN FRANCISCO - December 19, 2013 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced a $2.1 billion multistate and federal settlement with Ocwen Financial Corporation and Ocwen Loan Servicing, LLC (Ocwen) over alleged mortgage servicing misconduct

WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- An estimated 33,429 new and resale houses and condos sold statewide last month. That was down 8.3 percent from 36,468 in October, and down 10.8 percent from 37,481 sales in November 2012, according to San Diego-based DataQuick.

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- Felony charges were filed today in the U.S. District Court for the Northern District of California, in San Francisco, against Florence Fung of Sacramento, Calif, and Michael Navone of San Rafael, Calif. Fung and Navone are the 39th and 40th individuals to plead guilty or agree to plead guilty as a result of the department’s ongoing antitrust investigations into bid rigging and fraud at public real estate foreclosure auctions in Northern California

LOS ANGELES - December 16, 2013 - (RealEstateRama) -- A run-up in home prices, coupled with higher interest rates, put downward pressure on housing affordability and led to the fourth straight month of sales declines in November, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- Southern California’s housing market downshifted last month, with sales falling well below a year earlier as investor activity waned again and buyers continued to struggle with higher prices and a thin supply of homes for sale. The median sale price held nearly steady for the sixth consecutive month, though it was still almost 20 percent higher than a year ago, a real estate information service reported.

LOS ANGELES - December 16, 2013 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Los Angeles and Chicago, announced that Tim Najera has joined the firm as an associate in the Los Angeles office. Najera’s background includes a variety of finance and legal issues, with specific experience in due diligence for a range of commercial real estate transactions.

COLTON, CALIF. - December 16, 2013 - (RealEstateRama) -- The Hodgdon Group, a full-service brokerage, development and construction company, announced it has completed the conversion of the former Sam's Club building in Sacramento, Calif., for the opening of an Ashley Furniture HomeStore on December

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- The paperless job site is here. C.W. Driver, a premiere builder serving California since 1919, has recently completed construction on a 127,000-square-foot Bloomingdale’s department store, using iPad applications and technologies that allow a paperless job site to create a crisp and efficient construction time table for the new store. Located in the Glendale Galleria, on the corner of Broadway and Brand Blvd. in Glendale, Calif., the $20 million renovation now occupies the two-level space which formerly housed Mervyn’s

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- “Stan brings extensive design leadership experience in the healthcare and higher education markets,” said James Matson, AIA, vice president and principal with HGA. “He has particular knowledge of the economic, demographic and technological changes impacting our clients’ industries nationally. Stan promotes an integrated design process, enlisting the knowledge and expertise of planners, designers, contractors, owners and consultants to deliver efficient, cost-effective architectural solutions. We are happy to welcome Stan to our team as we continue to expand our client services in healthcare and higher education throughout California.”

COSTA MESA, Calif. - December 11, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has completed a $37 million sale of an industrial property in Costa Mesa, Calif., which is one of the largest industrial sales in Orange County so far this year. Ryan Swanson and Kurt Bruggeman, both senior vice presidents in Lee’s Irvine office, represented the buyer, a private investor. The seller, a partnership of Voit Development and Penwood Real Estate Investments, was represented by Mike Hartel, Mitch Zehner and Seth Davenport of Voit Real Estate Services.

WASHINGTON, D.C. - December 11, 2013 - (RealEstateRama) -- In response to today’s Senate vote to confirm Representative Mel Watt as the next director of the Federal Housing Finance Agency, Kevin Stein, Associate Director of the California Reinvestment Coalition, released this statement

SAN DIEGO, CA - December 5, 2013 - (RealEstateRama) -- Karrie, who is staying with her 9-year-old son and 7-year-old daughter at the San Diego Rescue Mission, received free dental exams for herself and her children and other services at The 8th Project Homeless Connect-Downtown (Project Homeless Connect).

LOS ANGELES - December 5, 2013 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale

SAN LUIS OBISPO, CA - December 3, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has negotiated a 10-year, $3.4 million retail lease at Irish Hills Plaza in San Luis Obispo, Calif. Clarice Clarke and Steve Leider of Lee & Associates Santa Barbara represented the Landlord, Irish Hills Plaza West, LLC. The new tenant, HomeGoods, a retail chain with stores all over the country, will replace existing tenant, OfficeMax, in the 20,059 square foot premises.

Woodland, CA - December 3, 2013 - (RealEstateRama) -- December 9 through February 10, the Yolo County Public Defender’s Office will collect used clothing, shoes, purses and belts, table, bath and bed linens, and stuffed animals in an effort to raise funds which will benefit Fourth & Hope’s homeless shelter and programs. Everything collected will be sold by the pound to California Clothing Recyclers, which in turn will ship wearable items around the world and recycle unwearable items by turning them into industrial rags or fibers used to make new products. All proceeds will go directly to Fourth & Hope.

SANTA ANA, CA - December 3, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has negotiated a 10-year lease for an approximately 60,000-square-foot industrial building, located at 1900 E. Carnegie Ave. in Santa Ana, Calif., for approximately $6 million.

SACRAMENTO - December 3, 2013 - (RealEstateRama) - Many of California’s committed and hardworking educators are eligible for thousands of dollars in down payment assistance for their first home under a California Housing Finance Agency program.

LOS ANGELES, CA - December 3, 2013 - (RealEstateRama) -- Real Estate Business Services® Inc. (REBS®), a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS®, today announced Fidelity National Home Warranty (FNHW) and Disclosure Source are the latest service providers to integrate with zipForm®, making it easier and faster for REALTORS® to order their home warranty plan and NHD Report and complete the California Residential Purchase Agreement and Joint Escrow Instructions (RPA-CA).