Archives

SAN JOSE, CA - May 31, 2012 - (RealEstateRama) -- The three founders of S3 Partners who allegedly defrauded numerous individual investors and banks out of more than $21 million in connection with a real estate investment fraud scheme were arrested and arraigned on 33 counts of conspiracy, wire, mail, bank and securities fraud, United States Attorney Melinda Haag announced.

SACRAMENTO, CA - May 31, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the Assembly and Senate each passed important components of the California Homeowner Bill of Rights that will help protect homeowners from scams.

Los Angeles, CA - May 17, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the $1.01 million sale of an eight-unit apartment property located at 692 E. Pine Ave. in Altadena, Calif.

Los Angeles, CA - May 17, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the $4,462,000 sale of a two-story, 40-unit apartment property located at 401-403 W. Glenoaks Blvd. in Glendale, Calif

LOS ANGELES, CA - May 17, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has been awarded a nearly 526,000 square foot property management assignment from Watt Properties, a division of Santa Monica, Calif.-based Watt Companies. The seven-property portfolio consists entirely of retail centers – six of them located in Los Angeles County and one in Ventura County.

EUGENE, OR - May 11, 2012 - (RealEstateRama) -- The network of real estate professionals who have chosen to employ the innovative IDX Broker software has grown yet again today, with the addition of Matt Crabbs to the IDX, Inc. team. California Real Estate Technology Services MLS (CARETS) listings are seamlessly integrated onto the website of Crabbs, giving home seekers the ability to search through thousands of Marina Del Rey, California properties. Never before has it been so easy for a real estate agent to manage an online realty solution, than it now is with the incredible IDX Broker software.

LOS ANGELES, CA - May 10, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,275,000 sale of an eight-unit apartment property located north of Wilshire Boulevard and south of Montana Avenue at 1008 20TH Street in the City of Santa Monica.

LOS ANGELES, CA - May 8, 2012 - (RealEstateRama) -- Commercial real estate investment banking firm George Smith Partners has announced the addition of Stephen Stein as a Vice President for the company, strengthening its ability to help clients select and craft capital structures which best suit their needs, according to Steve Bram, Principal and Managing Director of George Smith Partners.

IRVINE, CA - May 7, 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 Eric P. Wohl and Edward B. Hanley have launched HIG NNN, a new division of Hanley Investment Group, specializing in the sale and advisory of single-tenant net lease properties across the United States

Santa Fe Springs, CA - April 26, 2012 - (RealEstateRama) -- Alex Blecksmith, Chris Sheehan and Adam Deierling of Colliers International have completed the $1,722,000 sale of a 16,400 square foot industrial warehouse distribution facility on behalf of the seller, a private owner from Placentia, Calif. The property is located at 13117 Molette Street in Santa Fe Springs, Calif.

Simi Valley, CA - April 25, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the lease of a 76,090-square-foot industrial property located at 2390 Ward Avenue, Unit B in Simi Valley. The transaction is valued at approximately $1.4 million.

IRVINE, CA - April 24, 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 Jonathan Selznick has joined the company as vice president. Selznick was most recently a broker with Pacific Commercial Investments in Irvine, Calif., where he advised clients on the acquisition and disposition of retail investment properties

SAN JOSE, CA - April 3, 2012 - (RealEstateRama) -- David A. Nilsen was sentenced today to 97 months in prison and ordered to pay $69,828,833 in restitution following his conviction for conspiracy to commit mail and wire fraud in connection with his operation of Cedar Funding, a Monterey-based hard money lender, United States Attorney Melinda Haag announced.

BEAUMONT, CA - March 26, 2012 - (RealEstateRama) -- CT Realty Investors (www.ctrinvestors.com) announced today that the Beaumont Logistics Center, located at 520 Fourth St. and 415 Nicholas Rd. in Beaumont, Calif., has been fully leased to Updike Distribution Logistics and Hand Air Express. Combined, the two lease transactions represent one of the largest industrial leasing accomplishments in the Inland Empire in 2012.

IRVINE, CA - March 8, 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 Hanley Investment Group negotiated the sale of two single-tenant Walgreens for a total consideration of more than $13 million.

IRVINE, CA - March 6, 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 William B. Asher and Jeremy S. McChesney represented the buyer in the sale of a single-tenant NNN leased investment, Walgreens in Tucson, Ariz. The purchase price was $5,190,000, representing a 6.70% capitalization rate.

LOS ANGELES, CA - February 28, 2012 - (RealEstateRama) -- Commercial real estate investment banking firm George Smith Partners has successfully arranged two loans, totaling $25 million in financing for Upside Investments, LP., for its Carriage Square Shopping Center in Oxnard, Calif. according to Principal and Managing Director, Steve Bram and Senior Vice President, David Pascale. The two permanent loans replaced a construction loan which had allowed Upside Investments to complete a redevelopment of the 173,000 square-foot outdated shopping center. George Smith Partners had previously arranged the original construction financing for the center in November 2010

Downey, CA - February 13, 2012 - (RealEstateRama) -- Heslin Becker Properties, a privately owned retail real estate investment and development firm, has completed the re-development and $8.1 million sale of a new Walgreens in Downey, Calif.

Malibu, CA - February 2, 2012 - (RealEstateRama) -- RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, has arranged two new leases on behalf of Sephora and Chipotle Mexican Grill at Malibu Village, the newly rebranded shopping center on the east block of Cross Creek Road between Pacific Coast Highway and Civic Center Way in Malibu, Calif.

Sacramento, CA - February 1, 2012 - (RealEstateRama) -- Voit Real Estate Services’ Sacramento office has announced the addition of Carol Sitzenstatter to its brokerage team as Vice President of leasing and sales, according to Kevin Sheehan, Managing Director of Voit’s Sacramento office. Sitzenstatter brings nearly 30 years of experience in brokerage, asset management and property management in various Northern California markets to Voit.