Yearly Archives: 2016

Senate Bill 1150, a bill to protect widows, widowers and other heirs from unnecessary foreclosures, passed a key hurdle today when it was voted out of the Senate on a vote that was not without drama. Amidst intense industry lobbying pressure and after appearing to go down to defeat for failing to secure sufficient votes yesterday, the bill secured the needed 21 votes today.

Yesterday, Rep. Pete Aguilar convened another meeting of his Veterans Advisory Board. The committee of veteran health care providers, local veterans and representatives from veteran assistance organizations met with Rep. Aguilar yesterday morning to discuss improving health care services for Inland Empire veterans. This was Rep. Aguilar’s third meeting with his Veterans Advisory Board. Previous meetings addressed employment opportunities and veteran homelessness, which resulted in immediate actions.

Rep. Grace F. Napolitano (D-El Monte) praised the passage of H.R. 5303, the Water Resources Development Act (WRDA) of 2016, by the full House Transportation and Infrastructure Committee, releasing the following statement

Mayor Edwin M. Lee today announced a $411.3 million proposed two-year capital budget to invest in San Francisco’s future. This record investment continues Mayor Lee’s strong commitment to improving San Francisco’s infrastructure and continuing to follow the good government recommendations of the Capital Planning Committee. The investments included in the proposal will make the City more resilient, safer, and more livable. It addresses critical public safety projects, makes big investments to address growth, and takes care of existing infrastructure.

Congresswoman Susan Davis (D-San Diego) opposed a partisan energy bill that promotes fossil fuels at the expense of renewable energy.  The bill would also gut the Endangered Species Act under the false notion that it will provide drought relief to California.

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds a “build by right” proposal by Gov. Jerry Brown that would create a voluntary permit streamlining approval process for developers to use.

Mayor Kevin L. Faulconer’s reforms to “repair the repair program” by streamlining infrastructure improvement projects continue to create major efficiencies with a new report showing those reforms have provided more than $133 million for neighborhood upgrades over the past year

The Mortgage Bankers Association Opens Doors Foundation (MBA Open Doors) today announced that it is expanding into California in the coming months, thanks to a generous ongoing contribution from Arch Capital Group (U.S.) Inc. (Arch Capital), a parent company of Arch Mortgage Insurance Company (Arch MI).

Led by the Central Valley, California statewide pending home sales reversed a three-month decline and posted higher in April, but a persistent shortage of homes for sale may dampen the upcoming spring homebuying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Progressive Real Estate Partners and Hanley Investment Group announced today the for-sale listing of Thomas Winery Plaza, a 99,808-square-foot historic landmark shopping center for $28.6 million ($287 psf). The center is located at the northeast corner of Foothill Blvd. (Historic Route 66) and Vineyard Avenue in Rancho Cucamonga, Calif., and is the site of California's oldest winery established in 1839.

Congresswoman Loretta Sanchez (CA-46) commemorated National Infrastructure Week in a speech on the House floor this week. Rep. Sanchez’s entire floor speech can be viewed

Oceanwide Plaza, LLC officially launches “The Collection at Oceanwide Plaza” brand in downtown Los Angeles today, with the unveiling of its leasing website, CollectionAtOceanwide.com, for the development’s retail and restaurant complex currently under construction. Global real estate company Kennedy Wilson serves as the exclusive leasing agent for Oceanwide Plaza’s 153,000 square feet of retail, which is part of the $1 billion mixed-use project developed by Beijing-based Oceanwide Holdings Co Ltd. The leasing website debuts The Collection through a 3-D animated, fly-through video, offering new details of the project, which is scheduled for completion in 2018

While sales remained above the 400,000 benchmark level, California existing home sales fell from the previous year in April as tight housing inventory continues to impede the housing market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. April marked the second worst start to a spring home-buying season since the housing recovery began in 2009.

Meridian, a full service real estate developer and owner of medical real estate, announced today that industry veteran Dan Rosenbaum has been hired as senior vice president. He will spearhead the development of the company’s new division focused on the acquisition of suburban general office value-add opportunities

The City of Sacramento is reducing drainage rates on commercial vacant parcels following a review of the drainage rate structure. The reduction will benefit 627 property owners of 1342 vacant parcels, saving them an estimated average of $956 per year. The City Council approved the revised rate structure on May 10.

WASHINGTON, D.C. - (RealEstateRama) — Congressman McClintock is the Chairman of the Federal Lands Subcommittee. The subcommittee held a legislative hearing on May 12,...