Yearly Archives: 2015

Rep. Adam Schiff (D-Burbank) and thirty-five Members of Congress from California, Oregon and Washington wrote to the House Appropriations Committee urging them to fully fund an Earthquake Early Warning system. A limited system developed by Caltech, UC-Berkeley and University of Washington, in conjunction with the United State Geological Survey (USGS), has already been deployed and has proven that the early warning technology is sound.

International real estate investment and services firm, Kennedy-Wilson Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”) today announced the pricing of its underwritten public offering of 7,500,000 shares of its common stock at a public offering price of $25.55 per share. The offering is expected to close on March 27, 2015, subject to customary closing conditions. Kennedy Wilson has also granted the underwriter of the offering a 30-day option to purchase up to 1,125,000 additional shares of common stock

A 33-year-old transient was sentenced today to 16 years to life in state prison for killing a former professional baseball player in downtown Los Angeles, the Los Angeles County District Attorney’s Office announced

Congressman Jared Huffman (D-CA) and Mike Fitzpatrick (R-PA) today led a bipartisan congressional letter lending full support to a Wilderness designation for the Coastal Plain of the Arctic National Wildlife Refuge, a 1.5 million-acre stretch of land that is home to endangered species and is one of the last great expanses of true “wildness” in the United States

Mercy Housing California hosted a grand opening / dedication event for Vera Haile Senior Housing on Wednesday, March 18 from 11 a.m. to 1 p.m. at 129 Golden Gate Avenue, San Francisco, CA, 94102.

MERSCORP Holdings, Inc. today announced the Central District of California federal court held that as the named beneficiary under a recorded deed of trust, Mortgage Electronic Registration Systems, Inc. (MERS) has a statutory right to notice

The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) today issued the following statement on a report titled, “California’s High Housing Costs: Causes and Consequences,” released this week by California’s Legislative Analyst’s Office

oday Congresswoman Maxine Waters, Ranking Member of Financial Services Committee, introduced the “Wealth Gap Resolution” to address the nation’s widening wealth disparities and their crippling effects on working class families and communities of color.

NAI Capital’s Ryan Ramage and David Stassel, both with the Ontario office, represented the buyer, Alle Investments LLC, in the purchase of the Atrium Medical Center, a 43,589 SF medical office located at 23838 Valencia Blvd. in Valencia, CA from the seller, VPIP LLC. The outside brokerage was represented by Reality Executives Valencia and the value of the transaction was $16.3 Million

In an effort to strengthen America’s economic competitiveness, Congressman Alan Lowenthal (D-CA) has ntroduced bipartisanlegislation which will provide a dedicated revenue source to invest in rebuilding our nation’s crumbling freight infrastructure.

U.S. Rep. Mike Thompson (CA-5) today announced more than $4.3 million in U.S. Environmental Protection Agency (EPA) grants to restore river habitat and improve water quality in Napa and Sonoma Counties. The grants are part of the $8.7 million in federal funds awarded to local and state organizations for projects to restore tidal marshes, river habitat, and improve water quality in and around San Francisco Bay

U.S. Rep. Mike Thompson (CA-5) today announced a $4,965,527 Head Start Grant for Community Action Partnership (CAP) of Sonoma County. The funding will be used to provide Head Start and Early Head Start services to 552 children and their families at 12 center based sites throughout Sonoma County.

Slowing home price appreciation and improving inventory combined to boost California’s housing market in February as existing home sales and median home prices increased from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Mayor Edwin M. Lee today announced the start of construction for the first two of five phases of the historic HOPESF rebuild of Alice Griffith public housing site in Bayview Hunters Point. Once completed, the re-envisioned Alice Griffith public housing site will be a mixed-income, service-enriched community, developed according to the principles of the Mayor’s HOPESF initiative

Situated downtown in the historic Alkali-Mansion Flats neighborhood, Washington Plaza is a public housing community of 75 one-bedroom apartments for seniors with low incomes.

Los Angeles Mayor and Metro Chair Eric Garcetti today announced that the Metro Board has appointed Phillip Washington as the next CEO of Metro. “Phil Washington is the ideal person to manage our $36 billion transportation infrastructure program to ease congestion, cut smog, and boost our economy for decades to come," Mayor Garcetti said. "Phil Washington's track record of maximizing project efficiency, securing much-needed funding, and increasing customer service will well-serve Metro riders and taxpayers."

The City of Long Beach has received approval to implement its Long Range Property Management Plan (Plan) for the disposition and use of real property of the former Long Beach Redevelopment Agency (RDA). The Mayor, City Council, City staff, Oversight Board, and Successor Agency spent considerable time and energy creating and advocating for this hard fought milestone which will enable future investment and development opportunities in the City of Long Beach.

A 28-year-old pleaded not guilty to a charge that he killed a man outside of a South Los Angeles hamburger restaurant, the Los Angeles County District Attorney’s Office announced.

Earlier this week, a group of consumer advocates and attorneys sent a letter to the Department of Housing and Urban Development (HUD) about a new HUD policy that was supposed to help widowed homeowners and surviving heirs after a reverse mortgage borrower passes away. A federal judge ordered HUD to create a new policy, but advocates charge that HUD’s new policy is so restrictive that virtually all surviving non-borrowing spouses will be excluded from relief.

After receiving more than 20,000 public comments on the draft Desert Renewable Energy Conservation Plan (DRECP), federal and state agencies today announced that they will finalize the plan in a “phased” approach – moving forward with large-scale renewable energy development and conservation on public lands in the California desert while slowing down the planning effort on the private lands