Yearly Archives: 2014

LONG BEACH, Calif. - February 21, 2014 - (RealEstateRama) -- Brandon Carrillo and Trauger Ralston, principals in the Lee & Associates Los Angeles – Long Beach office, have been announced as the newest company shareholders for the broker-owned commercial real estate firm.

OAKLAND, Calif. - February 20, 2014 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial real estate firm, is pleased to announce that Lee & Associates-Oakland has completed the sale and purchase of a 51,162-square-foot facility on 9.26 acres at 48490 Milmont Drive in Fremont, Calif

LOS ANGELES - February 19, 2014 - (RealEstateRama) -- A limited supply of available homes for sale continued to hamper California housing sales, which were essentially flat in January, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

WASHINGTON, D.C. - February 17, 2014 - (RealEstateRama) -- Mayor Edwin M. Lee today announced that homeless individuals can make a 90-day shelter reservation by calling 311 beginning on Saturday. The new system makes it easier for women, people with disabilities and non-English speakers to access the emergency shelter system by eliminating the need to wait in line and instead use 311’s 24 hours a day, 7 days a week, 365 days a year translation capabilities.

LOS ANGELES - February 13, 2014 - (RealEstateRama) -- As home price gains eased back toward the end of 2013, California’s housing affordability held steady in the fourth quarter of 2013, following six consecutive quarters of declines, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

WASHINGTON, D.C. - February 12, 2014 - (RealEstateRama) -- Almost six months after Rep. Adam Schiff (D-Burbank) and other Los Angeles area lawmakers, including Senators Dianne Feinstein (D-CA) and Barbara Boxer (D-CA), sent a letter asking for a timeline to the Federal Aviation Administration (FAA)’s Los Angeles Helicopter Noise Initiative, the agency finally responded to the Los Angeles lawmakers (letter can be found here). This comes on the heels of legislation passed last month requiring the FAA to act within the year to reduce helicopter noise through voluntary measures, or be forced to put in place regulations to reduce it.

LOS ANGELES - February 11, 2014 - (RealEstateRama) -- BH Properties, a Los Angeles based firm that specializes in repositioning real estate and resolving difficult transactions quickly and effectively, has added a trophy Class A retail center to its Arizona portfolio as the firm ramps up its Southwest strategy for 2014. Gilbert Town Center, a 159,000-square-foot retail shopping center that was purchased for $13.4 million in late December, is located within the highly affluent Phoenix submarket of Gilbert, Ariz. In 2006, the center was sold to a TIC Buyer for $34.7million

WASHINGTON, D.C. - February 10, 2014 - (RealEstateRama) -- Mayor Edwin M. Lee today announced that he will implement recommendations resulting from a Mayoral Executive Directive to accelerate housing production and preserve existing housing stock. The Working Group recommends prioritizing new 100 percent affordable housing, moderate-income units and market rate housing that offers on-site affordable units

WASHINGTON, D.C. - February 10, 2014 - (RealEstateRama) -- A house in San Diego has been selected as Home of the Year in the 2013 Best in American Living Awards (BALA) by the National Association of Home Builders (NAHB).

Washington - February 4, 2014 - (RealEstateRama) -- Senator Dianne Feinstein (D-Calif.) today introduced legislation to authorize the Department of Veterans Affairs to enter into lease agreements on two buildings at the West Los Angeles VA Medical Campus to increase the supply of supportive housing for homeless veterans

Menifee, CA - February 4, 2014 - (RealEstateRama) -- Mary Jane Olhasso, Assistant Executive Officer of Finance and Administration with the County of San Bernardino, has been recognized for completing the professional development criteria for the SLCR, Senior Leader of Corporate Real Estate Certificate. The CoreNet Global SLCR professional designation is part of a comprehensive career development program for the corporate real estate industry. Twenty-three individuals were honored this year with the SLCR certificate.

Menifee, CA - February 4, 2014 - (RealEstateRama) -- The County of San Bernardino was recently awarded the honor of “2013 Public Partner of the Year” by NAIOP Inland Empire Chapter as part of its annual REXIE Awards (Real Estate Excellence Inland Empire) program.

WASHINGTON, D.C. - February 3, 2014 - (RealEstateRama) -- December permits close 2013 at the highest unit volume California has seen all year! Single-family and multi-family housing both experienced month-over-month and year-over-year increases, totaling 10,077 new housing units. Year-to-date totals currently stand at 83,725 units for single-family and multi-family – a 40% increase from 2012. To see where the activity will be in the coming months, order the full California Construction Review December report or request a custom report, prepared to meet your specific data requirements

WASHINGTON, D.C. - February 3, 2014 - (RealEstateRama) -- The California Building Industry Association, the voice of housing in California, is pleased to introduce its 2014 Board of Directors’ leadership team. CBIA is particularly fortunate to have such a talented and committed leadership team at the helm heading into this important legislative and election year,

Costa Mesa, CA - February 3, 2014 - (RealEstateRama) -- NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, announced its 2014 Executive Committee and Board of Directors. The 40-person board includes representatives from a diverse array of the commercial real estate industry’s most successful companies

San Bernardino, CA - February 3, 2014 - (RealEstateRama) -- On February 26, 2014, more than 1,000 business professionals will be at the County of San Bernardino’s annual State of the County. The event is designed to provide information about the ways in which the County, residents, businesses and agencies are bringing innovation and resources together to further the Countywide Vision.

LOS ANGELES - January 31, 2014 - (RealEstateRama) -- BH Properties, after reporting a banner performance for 2013, has announced that it has secured a combined $236.7 million in financing with two institutions. The Los Angeles-based company, which specializes in repositioning real estate and resolving difficult transactions quickly and effectively, secured the loans from Wells Fargo ($135 million), U.S. Bank ($60 million) and a CMBS loan, also through Wells Fargo ($36.7 million). These financings were based on closings on multiple properties in the firm’s portfolio.

WASHINGTON, D.C. - January 29, 2014 - (RealEstateRama) -- Heatwurx, Inc. (OTCQB:HUWX), an eco-friendly asphalt preservation and repair equipment company, and its wholly-owned subsidiary, Dr. Pave, a company that provides high-tech, low-cost pavement repair, have worked with the City of Redlands to put the finishing touches on a water-system upgrade.

LOS ANGELES - January 29, 2014 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) announces the release of a new Milken Institute report on housing finance, which features insights from C.A.R. CEO Joel Singer as well as prominent voices from banking, state government, and academia. Titled, “Rebuilding Housing Finance: Thoughts from California on Federal Reform,” the report features insights from a roundtable discussion during the 2013 California Summit held at the Milken Institute’s headquarters in Santa Monica, Calif. C.A.R. not only participated in the Summit but also played an integral role by helping to shape the special session on housing finance

WASHINGTON, D.C. - January 28, 2014 - (RealEstateRama) -- C.W. Driver, a premier builder serving California since 1919, has promoted John Thornton, LEED-AP, to president. Thornton has been with the company for 18 years, serving most recently as an executive vice president, and will now be responsible for overall direction of the firm’s market sectors, which include retail, entertainment, hospitality, K-12 education, higher education, commercial/office, healthcare and civic projects