Yearly Archives: 2015

Rep. Jerry McNerney (CA-09) today applauded the U.S. House passage of the FAST Act that included a provision that strikes the prohibition barring municipalities from using tax exempt bonds toward Water Infrastructure Finance and Innovation Act (WIFIA) projects. Last week, Rep. McNerney and Rep. Carlos Curbelo (FL-26) led their House colleagues in a bipartisan letter urging that this provision be included in the final highway-transportation bill language

The San Diego Housing Commission awarding $10 million in new construction funds to create additional permanent affordable housing with supportive services for homeless San Diegans for the second year in a row.

A Spanish-inspired live/work space has officially arrived with the announcement of “El Jardin,” a new building located in the historic Presidio neighborhood in downtown Santa Barbara. The four-story development at 819 Garden Street, which is co-listed by Sotheby’s International Realty and Hayes Commercial Group, is designed for the business owner or CEO seeking a professional office space and a private home all in one place

The California Housing Finance Agency (CalHFA) is celebrating four decades of partnering, promoting and preserving safe, affordable housing for Californians. Hundreds of thousands of residents have benefited from its programs and products, and CalHFA is poised to open up opportunities to even more through its commitment to lending with a purpose.

Wind power has grown exponentially in California over the last dozen years, and now supplies enough energy to power 1,188,483 homes, a new report from Environment California Research & Policy Center said today. Last year alone, wind turbines in California averted over 9 million tons of carbon dioxide pollution, the equivalent to removing more than 1.9 million cars from the road

The planned renovation of Ocean View Senior Apartments in the coastal community of Pacifica is made possible in part through the extensive efforts of the California Housing Finance Agency, the State’s affordable housing bank.

As part of their ongoing work to increase affordable housing, address the needs of the homeless, create jobs and invest in the Los Angeles economy, Reps. Lucille Roybal-Allard (D-Calif.) and Karen Bass (D-Calif.) welcomed Housing and Urban Development (HUD) Secretary Julian Castro this week to South Los Angeles.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm represented the buyer and seller in the sale of a single-tenant Bank of America corporate ground lease in Palm Desert, Calif. The purchase price was $2,425,000

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 8,700-square-foot dialysis clinic in Fairfield, Calif. The purchase price was $5.15 million, representing a cap rate of 5.5%.

Planet Home Living meets the demand of distinguished home-buyers looking for what is often impossible to find: a sleek, modern new home in an established, amenity-rich area. Designed by national award-winning firm KTGY Architecture + Planning, PRISM will offer fifteen single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles.

U.S. Congressman Scott Peters (CA-52) voted against two separate attempts to obstruct the Environmental Protection Agency’s Clean Power Plan. The Clean Power Plan would allow states, localities, and energy utility companies to set standards for reducing emissions and encourage investments in innovative, sustainable energy production

Under the leadership of 2015 Global Business Council chair Mark Wong, a REALTOR® with Alain Pinel REALTORS® Saratoga, SILVAR’s global business council conducted a number of activities and education programs to raise members’ awareness of global business in their local market, including programs on China, Mexico, India and the Philippines, as part of its “Doing Business With” quarterly series. Also this year, SILVAR conducted its fourth Certified International Property Specialist (CIPS) Institute, attended by 31 REALTORS® from around the Bay Area, Southern California and Arizona.

Christy Goldsmith Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that Michael Lewis Parker, of Pomona, Calif., who worked at a Rancho Cucamonga, Calif. based business that offered bogus loan modifications was sentenced in California yesterday to serve a federal prison term of six years, and to pay restitution of over $6 million.

Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months.

Attorney General Kamala D. Harris today announced that the California Department of Justice will be formally joining the Ventura County District Attorney’s Office in the ongoing prosecution of multiple individual and corporate defendants charged with environmental crimes and other specified offenses related to the November 18, 2014 explosion at the Santa Clara Waste Water Company facility located in Santa Paula, California.

With the goal of helping more homeless individuals and veterans transition off the streets, Mayor Kevin L. Faulconer and City Councilmember Todd Gloria today announced the City's recently opened year-round indoor permanent housing program is on track to help more homeless individuals than ever before. The City program is a partnership with Father Joe's Villages and the San Diego Housing Commission, and replaced the need to erect temporary outdoor tents in the winter.

HGA Architects and Engineers (HGA), an integrated architecture, engineering and planning firm, announced today that renowned design leader, John Frane, has joined the firm as an associate vice president and principal in the Los Angeles office. As a design principal, Frane will continue his pursuit of high design work, combining his arts and culture-based experience with HGA’s extensive national resume of work in this arena.

Hemet Plaza is centrally located on 4.55 acres at 1911-2095 Florida Avenue in Hemet, at the hard-corner signalized intersection of Florida Avenue (Highway 74, the main east-west thoroughfare in Hemet) and Yale Street (34,000 cars per day). In addition to anchors Big Lots (NAP) and True Value, Hemet Plaza includes other national tenants such as Farmers Insurance, Jackson Hewitt Tax Services, Rent-A-Center, Metro PCS, and US Postal Service.

Rep. Jerry McNerney (CA-09) and Rep. Carlos Curbelo (FL-26) led their House colleagues in sending a bipartisan letter to the Chairs and Ranking members of the Senate Committee on Environment and Public Works and House Committee on Transportation and Infrastructure, urging the conference committee on the transportation reauthorization bill to include a provision that strikes the prohibition that bars municipalities from using tax exempt bonds toward Water Infrastructure Finance and Innovation Act (WIFIA) projects

Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, has placed $50 million in financing for the construction and development of the Pinnacle Sandy Apartments in the southeast corridor of the Salt Lake City metropolitan area. The deal was structured as a $36.1 million construction loan through Dekel Capital’s advisory practice and $13.9 million JV-Equity funded by the firm’s proprietary equity fund, Dekel Strategic Investors (DSI)