Archives

TORRANCE, CA - January 10, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, announced today that in the month of December, the team of Chris Sheehan, senior vice president, Adam Deierling, vice president, and Nick Vranka, associate, have negotiated the sale of 4 industrial properties totaling over $19.6 million throughout the Mid-Counties region of Los Angeles. The transactions represent a multitude of industrial needs and demands that Chris, Adam and Nick handle, including a unique property which was not on the market for sale and a property that received an offer before it was put on the market

Washington, DC - December 13, 2012 - (RealEstateRama) -- Rep. Mike Thompson and a bipartisan group of 29 Senators and Representatives sent a letter to President Obama Wednesday calling for Master Limited Partnerships and Real Estate Investment Trusts to be a priority in the federal government’s “all of the above” energy strategy. The letter was led by the lead sponsors of the bipartisan Master Limited Partnerships Parity Act: U.S. Senators Chris Coons (D-Del.) and Jerry Moran (R-Kan.), and U.S. Representatives Ted Poe (R-TX-02), Mike Thompson (D-CA-01) and Peter Welch (D-VT-AL). The legislation, H.R. 6437 and S. 3275, will modify the federal tax code to make it easier and more attractive for private capital to invest in renewable energy

WASHINGTON, DC - November 2, 2012 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

WASHINGTON, DC - November 1, 2012 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

SAN FRANCISCO, CA - October 18, 2012 - (RealEstateRama) -- Edward G. Locker was sentenced this week to 30 months in prison for his role in a real estate investment fraud scheme, United States Attorney Melinda Haag announced. On September 24, 2012, co-defendants Richard F. Tipton and David C. H. Lin were sentenced to 18 and 28 months in prison, respectively, for their role in the same scheme. On August 20, co-defendant James W. Ward was sentenced to 60 months’ imprisonment for his role in the scheme. The court imposed these sentences based upon the defendants’ convictions for engaging in a conspiracy to commit mail and wire fraud in connection with their operation of Mountain View private money lenders known as Jim Ward and Associates Inc. and JSW Financial Inc.

LOS ANGELES, CA - October 16, 2012 - (RealEstateRama) -- A San Fernando Valley real estate agent and self-described real estate investor has agreed to plead guilty to running a multi-million-dollar Ponzi scheme out of companies based in the Santa Clarita Valley.

WASHINGTON, DC - August 28, 2012 - (RealEstateRama) -- William J. Ferry, a former stock broker and investment advisor, and Dennis J. Clinton, a former real estate investment manager, were found guilty by a federal jury in Santa Ana, Calif., today for their roles in a conspiracy to defraud a wealthy investor of $1 billion in a high-yield investment fraud scheme, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division. The investor was, in reality, part of an undercover FBI team that posed as wealthy investors and investment managers in an effort to stop fraudsters before they actually harmed victims.

SACRAMENTO, CA - August 24, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the arraignment of two Sacramento men who stole more than $3.2 million from investors who were told their money was being invested in a real estate venture to buy and re-sell foreclosed homes

WASHINGTON, DC - August 16, 2012 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

LOS ANGELES, CA - July 13, 2012 - (RealEstateRama) -- A San Fernando Valley real estate agent and self-described real estate investor charged with running a million dollar-plus Ponzi scheme out of companies based in the Santa Clarita Valley has been arrested on federal wire fraud and mail fraud charges

LOS ANGELES, CA - July 6, 2012 - (RealEstateRama) -- A real estate developer who formerly resided in Atascadero was indicted today on federal fraud and money laundering charges that accuse him of bilking investors who put money into Central Coast real estate projects—money that was siphoned off for other purposes, including maintaining a lavish lifestyle.

SACRAMENTO, CA - July 4, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the non-conference committee components of the California Homeowner Bill of Rights have passed out of legislative committees.

PEORIA, AZ - June 22, 2012 - (RealEstateRama) -- A Pasadena, CA investor paid $3.4 million for a Chase Bank ground lease located at the SEC of Lake Pleasant Rd. & Happy Valley Rd., in Peoria.

LOS ANGELES, CA - June 13, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $19,255,000 sale of two medical-related office buildings totaling approximately 100,000 square feet in the Orange County, Calif. cities of Cypress and Costa Mesa. The buildings are fully occupied by WCCT Global LLC, an early phase drug development Clinical Research Organization (CRO)

LOS ANGELES, CA - June 13, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,075,000 sale of a 20-unit apartment property located at 225 N. Ave. 53 in Highland Park near the 110 freeway.

IRVINE, CA - June 11, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Patrick G. Kent represented the buyer and seller in the sale of a single-tenant Panera Bread in Temecula, Calif. The purchase price was $2,715,000, representing a 6.43% capitalization rate and $560 per square foot.

LOS ANGELES, CA - June 6, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,894,000 sale of a nine-unit apartment property located at 3321 Mentone Ave. near the major cross street of National in Los Angeles.

LOS ANGELES, CA - June 6, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has been awarded the KB Vernon Portfolio, a nearly 1.1 million square foot property management assignment from KB Partnership, a partnership between Black Equities and ARKA Properties both based out of Beverly Hills, California. The KB Vernon Portfolio totals ten buildings and is nearly 100 percent occupied. It consists entirely of industrial properties in the cities of Vernon and Los Angeles.

Thousand Oaks, CA - June 6, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the $1.95 million sale of an approximately 12,800 square foot office property located at 199 E. Thousand Oaks Blvd. in Thousand Oaks, Calif

Fullerton, CA - June 1, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed a five-year, 62,396 square foot industrial/office lease with Progressive Marketing Products/Premier, a global leader in flat panel mounts, carts, stands and mounting accessories for the audio visual industry. The two-story, class A facility is located at 1321 State College Blvd. in Fullerton, Calif.