Yearly Archives: 2016
Hanley Investment Group Arranges Sale of Single-Tenant NNN Walgreens in Huntington Park, Calif. for...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced the sale of a single-tenant absolute net-leased Walgreens property located at 6100 Pacific Boulevard in Huntington Park, Calif.
California Water District to Pay Penalty for Misleading Investors
The Securities and Exchange Commission today charged California’s largest agricultural water district with misleading investors about its financial condition as it issued a $77 million bond offering.
Housing Preservation: Mayor Makes Five Properties Permanently Affordable
Mayor Edwin M. Lee today announced the acquisition and preservation of five apartment buildings consisting of 19 units of rental housing whose tenants and residents had been served with Ellis Act eviction notices.
Eshoo Introduces Bill to Protect Consumers from Unwanted Robocalls and Texts
Congresswoman Anna G. Eshoo (D-Calif.), Ranking Member of the Communications and Technology Subcommittee, has introduced legislation to protect anyone with a federal loan (student loans, mortgages, veterans loans, farming loans) from unwanted robocalls and texts, specifically to their mobile phones.
DBW Begins Herbicide Treatment in the Delta for Water Hyacinth and Egeria densa
California State Parks Division of Boating and Waterways (DBW) will begin herbicide treatment of water hyacinth and Egeria densa this Thursday, March 10, in various areas of the Sacramento-San Joaquin Delta (Delta). DBW will simultaneously be treating curly-leaf pondweed and Spongeplant, and using mechanical harvesting to control water hyacinth infested areas as needed.
FLINT WATER CRISIS BEGS THE QUESTION, “WOULD THIS HAVE HAPPENED IN A RICH, WHITE...
Congresswoman Barbara Lee joined Democratic Leader Nancy Pelosi, Congressman Dan Kildee (D-MI) and several of her Democratic colleagues in visiting Flint families affected by the city’s water crisis. She released this statement
Rep. Susan Davis Goes to Flint to Listen to Resident’s Ordeal with Water Crisis
Congresswoman Susan Davis (D-San Diego) went to Flint, Michigan as part of 26-member congressional delegation to hear firsthand from the residents of Flint about the challenges they faced.
Royce Applauds Progress on Opening Up GSEs to Multiple Credit Scoring Models
U.S. Representative Ed Royce (R-Calif.), a senior member of the House Financial Services Committee and leading proponent of housing finance reform, released the following statement on today's progress report from the Federal Housing Finance Agency (FHFA) indicating future consideration of opening up the GSEs to alternative credit scoring models:
Spacious Enclave with Beverly Hills’ Best Views Comes to Market
Mercer Vine, an emerging leader in Los Angeles luxury real estate, has announced its exclusive listing of 1312 Beverly Grove Place in Beverly Hills, California for $6,495,000. “This house is the essence of California living, ushering in year-round sunlight through expansive windows and grand ceilings,” said Adam Rosenfeld, founding partner at Mercer Vine and one of the property’s listing agents.
Royce Advocates for Commercial Real Estate Growth and Job Creation
U.S. Representative Ed Royce (R-Calif.) spoke in favor of H.R. 4620, the Preserving Access to CRE Capital Act of 2016, at a House Financial Services Committee legislative markup. The legislation tailors risk retention requirements enacted by Dodd-Frank for single asset/single borrower (SASB) commercial mortgage backed securities (CMBS).
Mayor Faulconer’s Campaign to House 1,000 Homeless Veterans Wins Unanimous City Council Approval
Funding for Mayor Kevin L. Faulconer’s “Housing Our Heroes” (PDF) campaign – a call to action to help 1,000 homeless veterans transition off the streets over the next year – won unanimous approval from the City Council today.
UTILITIES MAKES SIGNIFICANT STRIDES IN WATER METER PROGRAM
The City of Sacramento Department of Utilities completed substantial improvements to the City’s water and wastewater systems in the last four years including significant strides in the meter installation program.
Mayor Lee Sends Public Health & Safety Bond to Expand Homeless Shelters & Mental...
Mayor Edwin M. Lee today signed legislation to send a $350 million Public Health and Safety Bond to the June 2016 ballot. The initiative will expand access to mental health services for San Francisco residents, including homeless people living on the streets, and seismically upgrade and strengthen the City’s vital public health care facilities and emergency medical response infrastructure to ensure their viability after a major earthquake. San Francisco voters will decide on the measure on Tuesday, June 7, 2016
Rep. Doug LaMalfa, House Committee Examine California’s Water Supply for 2016
Rep. Doug LaMalfa (R-CA) today participated in a hearing of the House Natural Resources Committee’s Subcommittee on Water & Power, which examined the impact of drought on California’s water supplies for the coming year. The hearing also considered environmental requirements that federal agencies like the National Marine Fisheries Service claim prevent Californians from easing water rationing, despite a far wetter winter than the past several years.
Covered Agreement Delay Harms U.S. Insurers and Consumers
U.S. Representative Ed Royce (R-Calif.) questioned witnesses on the merits of the United States reaching a covered agreement with the E.U. during a Housing and Insurance Subcommittee hearing entitled “The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers: Part II.”
Rep. Royce Explores Negative Impacts of Dodd-Frank on U.S. Capital Markets
U.S. Representative Ed Royce (R-Calif.) questioned witnesses on the impact of the Dodd-Frank Act on asset-backed securities (ABS) at a hearing entitled “The Impact of the Dodd-Frank Act and Basel III on the Fixed Income Market and Securitizations."
Feinstein Applauds House Committee Passage of West LA VA Housing Bill
Senator Dianne Feinstein (D-Calif.) today applauded House Veterans Affairs Committee passage of the Los Angeles Homeless Veterans Leasing Act, introduced by Representative Ted Lieu (D-Calif.). The Senate Veterans Affairs Committee is expected to consider the companion bill, introduced by Senator Feinstein, next month.
California pending home sales take breather in January after months of solid gains last...
Statewide pending home sales in California decreased in January on a year-over-year basis for the first time since August 2014 as a shortage of homes for sale and low housing affordability persist and volatile financial markets distract buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
State Water Project Allocation Increased
The Department of Water Resources (DWR) today increased its water delivery estimate (allocation) for most recipients to 30 percent of requests for the calendar year. However, recipients are being warned that extended dry weather could force an allocation reduction.
HOUSE COMMITTEE APPROVES BILLS AUTHORED BY CONGRESSMAN LIEU TO SUPPORT HOMELESS VETERANS AND FUND...
the House Committee on Veterans’ Affairs unanimously passed two bills authored by Congressman Ted W. Lieu (D-Los Angeles): H.R. 3484, the “Los Angeles Homeless Veterans Leasing Act of 2016” and H.R. 4334, the "Fiscal Year 2016 Department of Veterans Affairs Seismic Safety and Construction Authorization Act."
