Archives

Washington, DC - November 19, 2012 - (RealEstateRama) -- Congresswoman Maxine Waters (CA-35) released the following statement in response to the Federal Housing Administration’s annual financial status report issued to Congress today:

San Francisco, CA - November 15, 2012 - (RealEstateRama) -- Mayor Edwin M. Lee today at the U.S. Green Building Council Greenbuild International Conference and Expo being held at the Moscone Convention Center announced that the City and County of San Francisco has filed for LEED (Leadership in Energy and Environmental Design) certification for eight buildings in San Francisco’s Historic Civic Center District. The LEED application for Existing Buildings Operations and Maintenance category includes over 2.2 million square feet of civic real estate for San Francisco City Hall, Louise M. Davies Symphony Hall, San Francisco Main Library, Asian Art Museum, Bill Graham Civic Auditorium, Department of Public Health Headquarters, War Memorial Opera House and War Memorial Veterans Building

Torrance, CA - November 6, 2012 - (RealEstateRama) -- The University of Southern California is pleased to announce a $10 million gift from David Dollinger to endow the USC Price School of Public Policy’s Master of Real Estate Development degree. The program will be renamed the Dollinger Master of Real Estate Development Program, permanently linking one of the nation’s most well-respected graduate degrees in real estate with one of the program’s most distinguished alumni.

LOS ANGELES, CA - November 1, 2012 - (RealEstateRama) -- Favorable home prices and record-low interest rates combined with high demand and a severe shortage of available housing have created a highly competitive housing market in California, with nearly six in ten home sales receiving multiple offers, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2012 Annual Housing Market Survey.”

LOS ANGELES, CA - October 18, 2012 - (RealEstateRama) -- Lenders have made incremental improvements in closing short sale transactions since last summer, but still have a long way to go, according to findings from the latest Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

October 16, 2012 - (RealEstateRama) -- Mayor Edwin M. Lee today announced Moscone Center has received LEED Gold certification, the first convention center on the West Coast to attain the green building honor. The LEED (Leadership in Energy and Environmental Design) rating system was developed by the U.S. Green Building Council (USGBC).

LOS ANGELES, CA - October 11, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds California Congressman Jim Costa (D-Fresno) for introducing legislation today that will allow responsible homeowners to take advantage of current low interest rates on mortgages

LOS ANGELES, CA - October 10, 2012 - (RealEstateRama) -- Today, Attorney General Eric Holder, Housing and Urban Development (HUD) Secretary Shaun Donovan, FBI Associate Deputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon Leibowitz announced the results of the Distressed Homeowner Initiative, the first-ever nationwide effort to target fraud schemes that prey upon suffering homeowners. The yearlong initiative, organized by the Financial Fraud Enforcement Task Force’s Mortgage Fraud Working Group, resulted in 530 criminal defendants charged in 285 federal cases filed in U.S. District Courts across the country. These cases involved more than 73,000 homeowner victims and total losses by those victims are estimated by law enforcement at more than $1 billion.

Torrance, CA - September 21, 2012 - (RealEstateRama) -- Construction has begun Azalea shopping center, a new 350,000-square-foot retail project on the northwest corner Atlantic Avenue and Firestone Boulevard in Southgate, Calif. Designed by Nadel Architects, cost of the project was not disclosed.

Torrance, CA - September 12, 2012 - (RealEstateRama) -- General contractor C.W. Driver has begun construction on a 100,000-square-foot renovation and 30,000-square-foot expansion project for the existing 1957-built Storm and Nasatir building complex at the San Diego State University (SDSU) campus in San Diego. Designed by LPA Inc., to achieve LEED® Gold certification, the complex will offer program space for eight academic departments including anthropology, geography and foreign languages, among others. When completed in January 2015, the $73 million complex will include new and upgraded classroom technologies, academic and research laboratories, and faculty offices for the College of Arts and Letters.

WASHINGTON, DC - September 12, 2012 - (RealEstateRama) -- Today, Congresswoman Lois Capps (CA-23) joined nearly 100 of her bipartisan colleagues in urging the Congressional leadership to ensure continued eligibility for critical U.S. Department of Agriculture (USDA) Rural Development program funding for over 500 rural communities nationwide, including Atascadero, Paso Robles, Morro Bay, Nipomo, and Carpinteria on the Central Coast. Specifically, the lawmakers are urging House leadership to include language to protect eligibility for Rural Development funding in the Continuing Resolution appropriations bill to be considered by Congress this month. The USDA Rural Development program supports a wide range of affordable housing, economic development, and critical infrastructure projects in rural areas through grants, loans, and technical assistance. Click here to read about an example of the projects supported by USDA Rural Development.

WASHINGTON, DC - September 7, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today a $20,000 settlement with Land Home Financial Services (LHFS) to resolve allegations the lender violated the Fair Housing Act by refusing to approve a California couple’s mortgage application because the wife was on maternity leave

LOS ANGELES, CA - September 3, 2012 - (RealEstateRama) -- With thousands of California homeowners facing foreclosure, U.S. Rep. Karen Bass held a community town hall and consumer rights workshop to provide residents with one-on-one foreclosure counseling, financial guidance, as well as brief attendees on current legislation in Congress to help homeowners who are facing foreclosure stay in their homes.

August 31, 2012 - (RealEstateRama) -- Councilman Dee Andrews, 6th District, The Long Beach Housing Development Company (LBHDC) and Jamboree Housing Corporation (Jamboree) celebrated the grand opening of Collage Apartments at 1893, 1905, 1907 and 1911 Pine Avenue. Once blighted and crime-infested buildings, they have been transformed into quality affordable housing for workforce families.

Torrance, CA - August 28, 2012 - (RealEstateRama) -- The Santa Ana Unified School District (SAUSD) experienced a facelift this summer when construction manager C.W. Driver completed $20 million worth of upgrades at 10 schools located throughout the district. While budgeting and timeliness remain top priority in education construction projects, C.W. Driver was entrusted to deliver each project on time and within budget. Working simultaneously on the 10 projects, C.W. Driver completed the work in August 2012.

Torrance, CA - August 20, 2012 - (RealEstateRama) -- C.W. Driver, a leader in Southern California healthcare construction, has broken ground on Palomar Health’s new $4.5 million satellite clinic, the Ramona Ambulatory Care Center in Ramona, Calif. Designed by San Diego-based Mascari Warner Architects, the 7,600-square-foot, single-story outpatient medical clinic built on approximately an acre of land will expand the healthcare services for the Ramona community.

Los Angeles, CA - August 15, 2012 - (RealEstateRama) -- Last week, Neighborhood Housing Services of Los Angeles County (NHS) was awarded a $1.45 million grant made by the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) Fund program. As part of the U.S. Treasury’s commitment to revitalizing economic and community development, NHS was one of 177 CDFI Program awardee organizations receiving an aggregate total of more than $176 million. NHS was awarded the highest amount given to an organization

LOS ANGELES, CA - August 10, 2012 - (RealEstateRama) -- Higher home prices offset record-low interest rates and lowered housing affordability in California in the second quarter of 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

San Jose, CA - August 10, 2012 - (RealEstateRama) - Kitchen & Bath Remodeling Seminar Saturday, August 25, 2012, 10:00am-12:00pm Case Design/Remodeling Office: 6155 Almaden Expressway Ste. 400 San Jose, CA 95120

Washington, DC - August 3, 2012 - (RealEstateRama) -- Congressman Joe Baca (D-Rialto) introduced legislation in the House of Representatives to increase the supply of affordable rental housing available for middle-income seniors, who are ineligible to receive subsidized housing benefits that go to the lowest-income individuals. The Affordable Housing for Moderate-Income Seniors Act requires states receiving low-income housing tax credits from the federal government to provide additional credit points on their Qualified Action Plan criteria for developers who are able to build moderate-income housing for seniors