Yearly Archives: 2013

Washington, DC - June 25, 2013 - (RealEstateRama) -- Rep. Jim Costa urged the U.S. Secretaries of Housing and Urban Development and Veterans Affairs to prioritize Merced County in their consideration for grants to support homeless veterans. The Housing and Urban Development-Veterans Affairs Supportive Housing (HUD-VASH) Program provides local housing authorities with critical funds to provide permanent supportive housing, case management, and rental assistance. The Merced County 2013 Homeless Count and Survey released in May stated that of 26 of Merced’s 372 homeless individuals were veterans

LOS ANGELES, CA - June 25, 2013 - (RealEstateRama) -- The share of equity home sales in California continued to grow in May, making up nearly four of every five home sales. Meanwhile, sales of REOs fell into the single-digits for the second straight month and registered levels not seen since October 2007, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

Torrance, CA - June 25, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, closed the $2.4 million retail sale of City View Shoppes, a 20,630-square-foot strip center.

Torrance, CA - June 25, 2013 - (RealEstateRama) -- Lee & Associates, one of the nation’s leading commercial real estate providers, welcomes Linda Greenberg to its San Diego-UTC office. Previously a senior vice president with Colliers International, Greenberg joins Lee as principal.

IRVINE, CA - June 24, 2013 - (RealEstateRama) -- Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that its innovative ABC Green Home has won the prestigious 2013 PCBC Gold Nugget Grand Award for the "Best Zero Net Energy Home Design." Designed as an Affordable, Buildable and Certifiable (ABC) Green Home, this very appealing Craftsman-style, 1,695-square-foot, 3-bedroom, 3-bath home is a net zero energy-consumption model home, which provides a blueprint for builders on how to mass produce environmentally-friendly houses that generate as much energy as they consume.

WASHINGTON, D.C. - June 24, 2013 - (RealEstateRama) -- Mayor Edwin M. Lee announced the Home Facts Data Standard, which sets a standard for providing public access to building and health code enforcement data. Mayor Lee, as Chairman of the U.S. Conference of Mayors (USCM) Technology and Innovation Task Force, will announce the proposal at the USCM 81st Annual Meeting in Las Vegas and encourage other cities to adopt the standard and release building inspection details to the public.

Washington, DC - June 21, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter today to Christy L. Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), calling for an investigation of Bank of America or any other mortgage servicer, who allegedly benefitted by misleading borrowers eligible for the Home Affordable Modification Program (HAMP).

WASHINGTON, D.C. - June 20, 2013 - (RealEstateRama) -- Today, in response to the release of a new reportfrom the Monitor of the national mortgage settlement, California Reinvestment Coalition’s Associate Director Kevin Stein released this statement:

WASHINGTON, D.C. - June 19, 2013 - (RealEstateRama) -- Are you a veteran making between $45,000 and $83,650 a year combined family income and dream of owning your own home? Habitat for Humanity San Fernando/Santa Clarita Valley, the local Habitat for Humanity affiliate for North Los Angeles County, in collaboration with the California Department of Veterans Affairs, is building homes for veterans in Sylmar and Santa Clarita. The project in Santa Clarita will consist of an 87-home community and the one in Sylmar will be a 12-home community. These green affordable homes are made available to low to very-low income veterans, their families, and families of the fallen.

WASHINGTON, D.C. - June 19, 2013 - (RealEstateRama) -- The new budget recently passed by the Legislature and sent to the Governor includes funding for opening of the new Veterans Homes in Redding and Fresno. In preparation, the California Department of Veterans Affairs has been hiring staff and is now ready to take the first applications for members at the new facilities. The Assistant Administrators for the Veterans Home of California Fresno and Redding and staff will be mailing out the applications this week

Torrance, CA - June 18, 2013 - (RealEstateRama) -- Senior Vice President Han Widjaja Chen of Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the $7.75 million sale of an 81-unit multifamily property at 14630-14654 Blythe Street in Panorama City, Calif.

WASHINGTON, D.C. - June 18, 2013 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for his 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 - June 18, 2013 - (RealEstateRama) -- Strong sales growth in higher-priced markets and continued housing supply shortage pushed up California’s median home price in May, resulting in the largest year-over-year price gain in at least the last 33 years, the CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.) reported

Torrance, CA - June 17, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has named Jason Helmick the newest shareholder and vice president of the Irvine office.

Torrance, CA - June 13, 2013 - (RealEstateRama) -- Auction.com (www.auction.com), the nation’s leading online real estate marketplace, successfully auctioned 49 commercial properties across 24 states for more than $133 million on May 30th, the company’s fourth $100 million single-day total of the year.

SAN DIEGO, CA - June 12, 2013 - (RealEstateRama) -- Following a 2012 California law that authorized landlords to prohibit smoking at their rental properties, the San Diego Housing Commission (SDHC) has adopted a smoke-free policy for all SDHC-owned apartment buildings, with the unanimous approval today from the San Diego City Council, sitting as the Housing Authority of the City of San Diego.

Los Angeles, CA - June 10, 2013 - (RealEstateRama) -- On Monday, June 10, Rep. Adam Schiff (D-Burbank) will host a Congressional field hearing with representatives from the Federal Aviation Administration (FAA), homeowners and helicopter pilots to discuss a recent FAA report on the problem of helicopter noise across Los Angeles County. Schiff and Congressional colleagues requested the report in order to develop solutions to the problem of excessive helicopter noise in residential areas

IRVINE, CA - June 10, 2013 - (RealEstateRama) -- Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that Hutton Companies, one of Southern California’s foremost developers, is nearing completion on The Paseos at Magnolia Luxury Apartment Community in Riverside, Calif., a $30 million, 168-unit, 3-story, garden-style, walk-up apartment community located close to regional shopping, transportation, jobs, and restaurants. Residents will be moving in as buildings are completed with the first group of residents moving in next month, July 2013. Completion of The Paseos at Magnolia Luxury Apartment Community is expected in autumn 2013.

WASHINGTON, D.C. - June 7, 2013 - (RealEstateRama) -- The CalVet Home Loan Program now offers interest rates as low as 3.90%* on a 30-year mortgage to qualified veterans in the market to purchase a home. CalVet’s interest rates are now very competitive with rates being offered by commercial institutions, such as Chase Bank which offers a rate of 4.00%**, Wells Fargo Bank at 4.13%**, and Bank of America at 4.00%**

Los Angeles, CA - June 6, 2013 - (RealEstateRama) -- The Office of the Los Angeles County Assessor is urging property owners affected by the Powerhouse fire to contact local Assessor offices for information and assistance about tax relief for property damage of $10,000 or more. Structures may qualify for tax relief