Yearly Archives: 2015

Mayor Eric Garcetti today announced a new transportation technology advisor fellowship at Los Angeles Department of Transportation (LADOT). Serving in a one-year fellowship, made possible by a grant from the Goldhirsh Foundation, the technology advisor will create a citywide strategy that outlines the future of road safety, road use efficiency, traffic regulation, and traffic enforcement and will create a policy plan for the City to ensure a safe, mobile, sustainable future for the Los Angeles.

Fifty Lowe’s Heroes employee volunteers will join Habitat for Humanity of Greater Los Angeles (Habitat LA) to help build affordable housing in Lynwood, CA on May 7 in recognition of National Women Build Week, taking place May 2-10.

NAI Capital announced the $2.9 million sale of Oxnard Art Lofts, a live / work complex located in Oxnard, Calif. Zoned for industrial manufacturing and professional office space uses, Oxnard Art Lofts was designed to have the professional and industrial work space on the lower level and private living space on the upper loft area.

Congressman Ted W. Lieu (D-Los Angeles) joined Veterans Affairs Secretary Robert McDonald and Douglas Guthrie, CEO of the Housing Authority of the City of Los Angeles (HACLA), for the announcement of the Homeless Veterans Initiative in Los Angeles. The Initiative is the result of collaboration between HACLA and the Department of Veterans Affairs (VA) that aims to address the needs of homeless Veterans who are ineligible for HUD-VASH vouchers.

In a market where value-add commercial real estate is increasingly difficult for investors to find, Interstate Equities Corporation (IEC) has proven that “un-loved” deals are still out there. The firm has just acquired an off-market, 34-unit multifamily property in a walkable distance from downtown Burbank, California - an investment feat in today’s market, according to Marshall Boyd, President of IEC.

SR Commercial, a privately held, full-service commercial real estate investment company, has acquired an 11.8-acre land parcel in Carlsbad, California, on which the firm plans to develop a 151,500 square-foot multi-tenant industrial distribution project, according to CJ Stos, a Principal at SR Commercial

The Parkway Business Center in Richmond California has sold. This property is comprised of three flex/office/industrial buildings totaling 87,785 square feet on 9.8 acres with 3 acres of developable land. The buyer, Wang Brothers Investments, was able to acquire the property at an attractive basis with stable income and will consider options for developing the land in the future. The price is undisclosed

As the state marks Wildfire Awareness Week, Insurance Commissioner Dave Jones has launched a new online coverage comparison tool to help California consumers shop for homeowner, condominium owner and renter insurance by allowing them to compare coverage features offered by a variety of insurers

Today, Congressman Ted W. Lieu (D-Los Angeles) spoke at the ribbon-cutting ceremony celebrating the opening of the Blue Butterfly Navy Village Housing Program in San Pedro, California. Secretary Robert McDonald of the Department of Veterans Affairs (VA) also gave remarks at the event

Mayor Eric Garcetti, U.S. Secretary of Veterans Affairs Robert McDonald, Councilmember Joe Buscaino, Rep. Ted Liu, and Rep. Janice Hahn today celebrated the grand opening of Blue Butterfly Village in San Pedro, a historic new facility dedicated specifically to housing women veterans with children

Habitat for Humanity of Greater Los Angeles (Habitat LA) will celebrate Air Force Veteran, Roxana Gomez’s, latest accomplishment of homeownership. The dedication celebration will take place Friday, May 1 in Long Beach.

Today, the City of Long Beach, in partnership with The Long Beach Community Investment Company (LBCIC), and Habitat for Humanity of Greater Los Angeles (Habitat LA) celebrated the American dream of homeownership for an Air Force Veteran.

Mayor Edwin M. Lee and members of the Board of Supervisors announced a number of important investments in San Francisco’s transportation network including an additional $48.1 million in funding in San Francisco Municipal Transportation Agency (SFMTA)’s Fiscal Year 2015-16 proposed budget. The proposed SFMTA budget adds hiring for 244 frontline positions with more than half of the positions are bus and train drivers and the remaining are mechanics, janitors and cleaning crews.

A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Today Mayor Edwin M. Lee and members of the Board of Supervisors announced a number of important investments in San Francisco’s transportation network including an additional $48.1 million in funding in San Francisco Municipal Transportation Agency (SFMTA)’s Fiscal Year 2015-16 proposed budget. The proposed SFMTA budget adds hiring for 244 frontline positions with more than half of the positions are bus and train drivers and the remaining are mechanics, janitors and cleaning crews

Commercial real estate investment banking firm George Smith Partners has successfully arranged $22 million in financing for its client, Optimus Properties, LLC and Infinity Redevelopment, LLC, for the acquisition of Juanita Tate Marketplace, a 77,000 square-foot, newly constructed retail shopping center in the South Central neighborhood of Los Angeles, California, according to George Smith Partners’ Senior Vice President Shahin Yazdi.

"As we in the San Joaquin Valley know first-hand, water is a top priority. This legislation provides funding for drought relief and infrastructure projects, accelerates timelines for vital water storage development projects that have languished for decades, and places limits on how much water the Bureau of Reclamation can divert from cities and farms, all of which protect and enhance California’s access to water supplies during the drought

Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that Hanley Investment Group's President Ed Hanley arranged the sale of a 59,500-square-foot Best Buy, located in Boca Raton, Florida, in an off-market transaction. The single-tenant triple-net leased property located on 4.7 acres sold for $11.5 million. The buyer, Magi Henderson LLC, has ties to Santa Monica, California-based Pacific Star, a real estate investment trust. The seller, Palmer Chicago Investment Company, a California general partnership, is affiliated with Black Equities Group of Beverly Hills, Calif.

The City of Hayward is pleased to announce the single-family residents, multi-family property owners, schools and businesses who received the City of Hayward’s 2015 Annual Environmental Awards. Each of the awardees was recognized at the special City Council presentation, held on April 21, 2015 at City Hall

The Fiscal Year 2016 Energy and Water Development, and Related Agencies Appropriations Bill that cleared Congress late Thursday night includes a number of local water projects that Garamendi has spent months and years fighting for.