Yearly Archives: 2016

CBRE Executive Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of the Shops at Stonecreek Plaza, a 52,171-square-foot strip center in the city of Los Banos, Calif., leased to a synergistic mix of regional and local tenants including Petco, Famous Footwear, Dollar Tree, GNC, Metro PCS, Wingstop and a drive-thru Starbucks. The sale price was $12 million, representing a 7.1% cap rate.

A 17-year-old was charged today with fatally stabbing his former girlfriend in her Pico Rivera home last Friday, the Los Angeles County District Attorney’s Office announced. Rory Murga (dob 4/18/99) of Pico Rivera has been charged as an adult with one count of murder in case VA142607.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Voit Real Estate Services, announced today that the two firms completed the sale of a single-tenant net-leased coastal property occupied by Petco at 537 North Pacific Coast Highway in Redondo Beach, Calif. The sales price of $7,630,000 represented a cap rate of 4.5%, a record low cap rate for a single-tenant Petco in Los Angeles County

International award-winning KTGY Architecture + Planning announced today that it has been selected by Orange County-based Civic Partners as the designer of Artisan Alley at The Diamond, a unique retail development located in western Riverside County in the City of Lake Elsinore, Calif. Conveniently located across the street from the Lake Elsinore Diamond Stadium, the proposed retail development will bring a creative, commercial destination, which is sure to energize the neighboring area.

California home sales stumbled in July as low inventories and eroding affordability dragged down the housing market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Congressman John Fleming, M.D. released the following statement after a massive storm left eight people dead and 40,000 homes affected in Southern Louisiana. On August 14, 2016 the President issued a major disaster declaration for the State of Louisiana. The initial declaration has been amended to provide residents of eight parishes, including St. Landry and Evangeline Parishes, with federal assistance to help with storm recovery

All the Railyards roads and bridges will officially open with a celebration this Friday. Congresswoman Doris Matsui, Caltrans, and Downtown Railyard Venture, LLC will join City leaders at a grand opening celebration of the Railyards Roads Friday, August 19 beginning at 8:30 a.m.

Attorney General Kamala D. Harris, 8 other states and the city of Chicago today filed a motion to intervene in support of the U.S. Environmental Protection Agency’s (EPA) New Source Performance Standards to limit greenhouse gas emissions, specifically methane, from oil and natural gas operations. The new EPA standards mark the first time the EPA has directly limited greenhouse gases from the oil and natural gas sector and tightens existing limits on emissions of volatile organic compounds (VOCs) from oil and natural gas operations

On Tuesday, August 16, Los Angeles County Supervisor Don Knabe will put forth a motion requesting the authorization of a $20,000 reward for information related to the murders of Carina Mancera and her four-year-old daughter Jennabel in the city of Long Beach.

Mayor Eric Garcetti today convened a roundtable discussion with U.S. Secretary of Housing and Urban Development Julián Castro on creating new housing opportunities for homeless Angelenos.

A 46-year-old man was sentenced today to more than eight years in state prison for using fraudulent cashier checks at auctions to buy property, the Los Angeles County District Attorney’s Office announced.

Congressman Scott Peters (CA-52) gathered local leaders to announce how San Diego’s homeless service providers and elected leaders are working together to make the best case for San Diego to get more of its fair share of federal homelessness resources. After a breakthrough announced by Congressman Peters last month, the Department of Housing and Urban Development (HUD) is seeking feedback on four options to replace an existing, outdated formula that is used to distribute homelessness resources and has disadvantaged San Diego.

Lower interest rates failed to offset strong seasonal price increases, making it harder for Californians to purchase a home in the second quarter of 2016, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

To provide more efficient and sustainable transit options in San Diego, Mayor Kevin L. Faulconer, Civic San Diego and the Downtown San Diego Partnership announced the launch of the new “Free Ride Everywhere Downtown” or “FRED” circulator program

Nearly $2.5 million in federal funding was awarded to Santa Clara Valley Transit Authority (VTA) to purchase electric zero-emissions buses and related infrastructure. The federal grant was announced today by U.S. Reps. Mike Honda (D-Silicon Valley), Anna G. Eshoo (D-Palo Alto) and Zoe Lofgren (D-San Jose)

A major redevelopment project, which will completely transform Rancho Los Amigos National Rehabilitation Center’s south campus in Downey, moved closer to fruition today with the Board of Supervisors’ unanimous vote to approve initial funding. Plans for Rancho South Campus include new County facilities and a community sports complex with multiple playing fields, nighttime lighting, restrooms, a concession stand, an equipment storage room and parking for the community. A proposed Metro transit station would make the campus and new facilities regionally accessible to all County residents and employees

its bold new announcement of a cross government partnership, the “Clean Energy Savings for All Americans Initiative,” which includes an expansion of Property Assessed Clean Energy (PACE) programs. This administrative action comes after Reps. Huffman and Thompson urged the Department of Veterans Affairs to enable veterans to receive VA-secured home loans to take advantage of PACE programs.

Global real estate investment company Kennedy Wilson represented both the buyer and seller in the $16 million sale of a prime, mixed-use complex located at the corner of 11th Street and Wilshire Boulevard in the heart of Santa Monica. The approximately 23,500-square foot, retail and multifamily property was purchased by 11th and Wilshire, LLC. The seller was Paragon Properties.