Yearly Archives: 2013

WASHINGTON, D.C. - October 22, 2013 - (RealEstateRama) -- Amid reports of Department of Justice negotiations of a multi-billion dollar settlement with JP Morgan Chase for securitizing faulty mortgages, 13 California organizations are calling for all future mortgage and foreclosure settlements to meet the needs of local communities and consumers most affected by unscrupulous practices.

Torrance, CA - October 21, 2013 - (RealEstateRama) -- Engineering and Science Inc. (Partner), a national engineering, environmental and energy consulting firm headquartered in Torrance, Calif., has brought Debbie Stott on board as a new national project and client manager. Stott is an experienced environmental professional who has worked in the industry for more than 27 years, specializing in environmental due diligence, site assessment, remediation and regulatory compliance.

Torrance, CA - October 21, 2013 - (RealEstateRama) -- C.W. Driver, a premier builder serving California since 1919, has announced the promotion of Richard Freeark, LEED® AP, to senior vice president of the firm’s San Diego offices. Freeark will oversee the office and all C.W. Driver projects within the region.

Torrance, CA - October 21, 2013 - (RealEstateRama) -- Construction has begun on Nadel Architects-designed Juanita Tate Marketplace, a 77,096-square-foot outdoor retail center in South Los Angeles situated on the 6.5-acre site of a former scrap-metal plant. Owned by Regency Centers, the $21 million development will bring a full-service grocery and retail center to the highly underserved surrounding community.

WASHINGTON, D.C. - October 21, 2013 - (RealEstateRama) -- There is a sense of energy and hopefulness that resonates from the young residents of Young Burlington Apartments located just West of downtown Los Angeles. The twenty-one (21) unit complex is home to formerly homeless youth from ages 18-24. Young Burlington opened its doors almost a year ago and those who contributed to making this project a reality all gathered to celebrate the achievements on October 18. The HACLA is providing rental subsidy for twenty (20) units, a commitment of $3.9 million in Housing Assistance Payment over the 15 year contract term. The project is part of the Permanent Supportive Housing Program (PSHP) portfolio to house the chronically homeless.

IRVINE, CA - October 21, 2013 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez, President of HI Urban Retail Advisors represented the seller in the sale of the 4,539-square-foot ground-floor retail condominium of the 24-story, 311-unit luxury residential building, known as Evo, located in the heart of Downtown Los Angeles, Calif. The purchase price was $1,225,000.

LOS ANGELES - October 18, 2013 - (RealEstateRama) -- California home sales declined for the second straight month in September, following rising interest rates and economic uncertainty, which put the demand for housing on hold for buyers. Meanwhile, housing supply conditions continued to loosen up as the housing market entered its off season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

La Jolla, CA. - October 18, 2013 - (RealEstateRama) -- Bay Area home sales dropped more than usual in September compared with August but climbed slightly above the year-ago level thanks to more robust sales above $500,000 this year. For the second consecutive month the median sale price declined month-to-month, though it remained nearly 24 percent higher than a year earlier, a real estate information service reported.

EUGENE, ORE. - October 18, 2013 - (RealEstateRama) -- Today, IDX, Inc. enables IDX Broker software for the website of agent Hugh McMahon. He now hosts a customized IDX solution, automatically synchronizing his website to the Bakersfiled MLS (BKMLS). McMahon can display thousands of Bakersfield, California property listings, giving his clients and other potential buyers the opportunity to find their perfect home online. With IDX Broker software McMahon can host an online real estate search like never before available online.

RESEDA, CA - October 17, 2013 - (RealEstateRama) -- Jesus Henao and Steve Henao with NAI Capital’s Encino office represented the Seller, Petar Misic, in the sale of the Sherman Way Apartments located a 19148-54 Sherman Way in Reseda, CA to the Buyer, Kamran Mehdlan. The value of the sales transaction was $2,070,000.00 million dollars

WASHINGTON, D.C. - October 16, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, welcomes Vivian Hanover, Nina Stormo and Christi Vior as broker associates to the firm’s Central Coast offices

Long Beach - October 16, 2013 - (RealEstateRama) -- The Growing Experience (TGE) hosted its 4th Annual Long Beach Farm Dinner Fundraiser. The event was held at the TGE’s Urban Garden located within the Carmelitos Public Housing Development. Event proceeds benefit TGE’s site operations, as well as help sustain the training programs offered to low-income youth in the community. The Farm Dinner started in 2010 and has gained popularity over the past several years, resulting in the largest turnout to date

WASHINGTON, D.C. - October 16, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed a 48,790-square-foot industrial building located at 12393 Slauson Ave. in Whittier, Calif. The $4.05 million transaction was closed in mid-September

SAN DIEGO - October 11, 2013 - (RealEstateRama) -- Taking action to help California veterans find decent housing, Governor Edmund G. Brown Jr. joined local veterans, lawmakers and community leaders in San Diego today to sign legislation to expand housing opportunities for veterans.

WASHINGTON, D.C. - October 10, 2013 - (RealEstateRama) -- Today, Congressman John Garamendi (D-Fairfield, CA), who served as California’s Insurance Commissioner for eight years, spoke during a bipartisan meeting of Members of Congress focused on responsible strategies to ensure affordability in flood insurance reform. Garamendi called for an immediate delay to impending flood insurance rate hikes caused by new flood risk maps produced by the Federal Emergency Management Agency (FEMA). Garamendi’s Congressional District includes approximately 200 miles of the Sacramento River.

EUGENE, OR - October 10, 2013 - (RealEstateRama) -- Real Estate agent of RE/MAX Real Pros, Sean Redwine, has synchronized an IDX solution to his website, bringing Corona, California property listings to the easy-to-use search page his clients can access online. California Real Estate Technology Services (CARETS) listings are displayed and updated automatically as new listings are uploaded and prices fluctuate. Never before has such a revolutionary technology been so accessible and simple to use

Los Angeles, CA - October 9, 2013 - (RealEstateRama) -- NHS and Bank of America are joining forces to host a Homebuyer Expo for local families. Potential homebuyers may get the help they need to make homeownership a real possibility. Prospective homebuyers should attend this Homebuyer Expo taking place on Saturday, October 12, 2013

WASHINGTON, D.C. - October 9, 2013 - (RealEstateRama) -- Mayor Edwin M. Lee today announced that San Francisco housed 110 chronically homeless veterans in the last 100 days, following a reported 30 percent decline in homelessness among veterans since 2011.

WASHINGTON, D.C. - October 9, 2013 - (RealEstateRama) -- We are now a week into the federal government shutdown and things remain the same. Vital programs and services remain shuttered, impacting everyday people across the country

WASHINGTON, D.C. - October 16, 2013 - (RealEstateRama) -- Construction has begun on the Nadel Architects-designed, $11 million mixed-use complex on the former site of Westwood’s Mann Theatre. Currently named Lindbrook-Gayley, the four-story, 80,000-square-foot building rests in the heart of Westwood Village on a mere 16,000 square feet. When completed, Lindbrook-Gayley will consist of 34 apartments, 5,250 square feet of retail space and two subterranean parking levels. The project was approved by the West Los Angeles Planning Commission in 2012 and is tentatively scheduled for completion in the summer of 2014