Yearly Archives: 2013

DAVIS, CA - November 11, 2013 - (RealEstateRama) -- During the district work period this week, Congressman John Garamendi (D-Fairfield, CA) engaged in a whirlwind tour across the 3rd Congressional District, meeting with farmers, manufacturers, graduate students, researchers, residents and administrators of an affordable housing facility, and representatives from an organization that helps disabled people develop more employable job skills.

WASHINGTON, D.C. - November 11, 2013 - (RealEstateRama) -- Sending money internationally is big business. Companies of all sizes need to send payments to employees, contractors and suppliers across the globe. Individuals here ay want to send money to family members worldwide. There are multiple reasons to transfer money across international borders, and the perennial challenge for senders is how to keep costs to a minimum, creating opportunities for businesses like TransFast. With mobile technology now playing an increasingly critical role in all facets of our lives, mobile money transfers are becoming ever more popular, as an effective way to send money overseas at low cost.

LOS ANGELES - November 8, 2013 - (RealEstateRama) -- Housing affordability fell for the sixth consecutive quarter, after reaching an all-time high in the spring of 2012, as significantly higher home prices shut out more California home buyers during the third quarter of 2013, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

Torrance, CA - November 8, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has completed an 11-year, $6.5 million office lease with American Honda Finance Corp. (AHFC), which will be approximately 26,000 square feet located on the ground floor at 10801 Walker St., in Cypress, Calif. Jeff Coburn and Shaun McCullough, principals of Lee’s Long Beach office, represented the Landlord, Buzz Oates, LLC, while AHFC, a consumer finance component for the Honda Motor Co., was represented by Timothy Vaughan of CBRE.

Torrance, CA - November 7, 2013 - (RealEstateRama) -- Brokers from Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, have completed the $5 million sale of a 45,761-square-foot industrial building located at 6220 Descanso Ave., in Buena Park, Calif. Justin Smith, senior vice president in Lee’s Irvine office, and Scott Smith, principal in Lee’s Phoenix office, teamed to represent the seller, BH&C Properties. The buyer is 6220 Descanso Holdings, LLC.

WASHINGTON, D.C. - November 7, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters (CA-43), Ranking Member of the House Financial Services Committee, delivered a keynote address on the need for robust housing finance reform at a public forum hosted by the Bipartisan Policy Center (BPC) Housing Commission. The forum covered future demographic trends impacting housing markets, efforts to link housing and healthcare to serve the most vulnerable populations, access to credit for perspective homebuyers, and efforts to incentivize the adoption of energy efficiency measures in housing. Moderated by Ron Brownstein of National Journal and featuring former Secretary of Housing and Urban Development Henry Cisneros, the forum was held at the University of Southern California (USC) on Monday, Nov. 4.

SAN FRANCISCO, CA - November 7, 2013 - (RealEstateRama) -- As leading advocates for responsible and sustainable homeownership, Realtors® work tirelessly to ensure the American Dream of homeownership remains alive and well. That commitment was evident today as Realtors® joined forces with Habitat for Humanity of Greater San Francisco to help construct a multifamily housing development for low-income families in the San Francisco area

Los Angeles, CA - November 7, 2013 - (RealEstateRama) -- Construction has completed on ParkLanding, a four-story multifamily community designed by Newman Garrison + Partners (NG+P), an architectural firm based in Newport Beach, Calif. Developer Jamboree Housing Corporation partnered with the City of Buena Park Community Redevelopment Agency to replace a long-time, abandoned 2.02-acre site with a state-of-the-art, high-quality affordable apartment complex using NG+P’s proprietary design concept, New Block™.

SAN DIEGO, CA - November 6, 2013 - (RealEstateRama) -- Citing data from a new report about homeless San Diegans that was released today, Interim Mayor Todd Gloria urged local residents to clean out their closets and volunteer their time to make a difference in the lives of homeless San Diegans at The 8th Project Homeless Connect - Downtown San Diego (Project Homeless Connect)

WASHINGTON, D.C. - November 5, 2013 - (RealEstateRama) -- A Northern California real estate investor pleaded guilty today 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

Torrance, CA - November 1, 2013 - (RealEstateRama) -- Steve Jaffe, executive vice president and general counsel for BH Properties, a leading real estate investment firm, has been named president of City of Hope’s Los Angeles Real Estate & Construction Industries Council (LARE). He assumes the position from outgoing president Jeffrey Okyle, Vice President-Institutional Services for Standard Parking

LOS ANGELES, CA - October 31, 2013 - (RealEstateRama) -- More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Annual Housing Market Survey.”

San Luis Obispo - October 30, 2013 - (RealEstateRama) -- Today, Rep. Lois Capps (CA-24) announced that Peoples’ Self-Help Housing Corporation in San Luis Obispo received a U.S. Department of Agriculture Rural Development grant for $1.4 million.

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IRVINE, CALIF. - October 29, 2013 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today the sale of a high profile development opportunity in Los Angeles, Calif., vacant land that was used as a parking lot for the former Jerry's Deli. The buyer, a private investor from Inglewood, Calif., was represented by Carlos J. Lopez of Hanley Investment Group's HI Urban Retail Advisors. The seller, a private investor based in Studio City, Calif., was represented by Hanley Investment Group's Jonathan Selznick. The purchase price was $2,300,000.

Torrance, CA - October 29, 2013 - (RealEstateRama) -- The former office of Carroll Shelby, the American icon who made the AC-based Shelby American Cobra and later the Mustang-based performance cars for Ford Motor Company, was sold along with two other office buildings for $10.7 million.

WASHINGTON - October 24, 2013 - (RealEstateRama) -- Today, Rep. Loretta Sanchez (CA-46) released the following statement after the H.R. 3080, the Water Resources Reform and Development Act (WRRDA) was passed by the House of Representatives in a 417 to 3 bipartisan vote. The bill authorizes the Army Corps of Engineers funding for improvements to America’s ports, waterways and projects tied to flood protection, drinking water, dams and levees and environmental restoration. Although intended to be reauthorized every two years, it has been six years since the last WRRDA was signed into law.

LOS ANGELES - October 23, 2013 - (RealEstateRama) -- The share of equity home sales in California continued to grow in September, now making up more than eight of every 10 home sales, the highest level in nearly six years. Meanwhile, the share of short sales fell into the single digits and dropped to levels not seen since January 2009, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

Torrance, CA - October 23, 2013 - (RealEstateRama) -- Lee & Associates, one of the nation’s largest broker-owned commercial real estate services firm, has negotiated a $6.6 million cash sale of a 18,735-square-foot multifamily property located at 171 N. Wilson Ave. in Pasadena, Calif

Woodland, CA - October 22, 2013 - (RealEstateRama) -- This summer, the Building Inspection Services Division of the Yolo County Planning & Public Works Department was surveyed by the Insurance Service Office (ISO) Building Code Effectiveness Grading Schedule. The survey resulted in a Building Code Effectiveness Grading Classification of 2 – a high rating – for its commercial and residential properties codes and inspections.