Washington, D.C. - July 13, 2011 - (RealEstateRama) -- Today, U.S. Senator Barbara Boxer (D-CA) held a press conference call to discuss her bill, the Helping Responsible Homeowners Act of 2011, which would remove barriers that have prevented millions of homeowners with non-delinquent, Fannie Mae or Freddie Mac-backed mortgages from refinancing at historically low interest rates. She also urged the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, to use its existing authority to eliminate these obstacles to refinancing.

Washington, DC - July 13, 2011 - (RealEstateRama) -- Today, the House Financial Services Committee approved legislation introduced by Rep. Ed Royce (R-CA), the "Housing Trust Fund Elimination Act." Royce’s legislation eliminates the Affordable Housing Trust Fund established in 2008 as part of the Housing and Economic Recovery Act.

Torrance, CA - July 13, 2011 - (RealEstateRama) -- The Ontario office of Lee & Associates, one of the nation’s largest commercial brokerage firms, announces the $3.1 million lease of a 172,560-square foot industrial facility in Rancho Cucamonga, Calif.

Pomona, CA - July 13, 2011 - (RealEstateRama) -- C.W. Driver, a premier builder serving the Western U.S. since 1919, is the construction manager at-risk for a new, $40 million Student Recreation Center at California State Polytechnic University, Pomona, in the Southern California town. Funded through student body fees, the LPA Inc.-designed, 120,000-SF facility will be built by C.W. Driver to LEED Gold standards and is slated to break ground in July 2012.

WASHINGTON, DC - July 13, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with Prospect Mortgage, LLC (Prospect) to settle allegations the California-based mortgage lender created sham affiliated business arrangements for the purpose of paying improper kickbacks or referral fees in violation of Federal Housing Administration (FHA) guidelines and the Real Estate Settlement Procedures Act (RESPA). Prospect agreed to dissolve these sham joint ventures and pay $3.1 million to resolve the complaint

La Jolla, CA - July 12, 2011 - (RealEstateRama) -- Southern California home sales last month shot up more than usual from May to the highest level for any month since June 2010, when the market got its last big boost from homebuyer tax credits. Sales of lower-cost homes, driven by investors and first-time buyers, and even high-end sales continued to outshine traditional move-up activity in middle price ranges, a real estate information service reported.

Torrance, CA - July 12, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $4.2 million sales transaction for a 31,774-square-foot industrial building located at 1290 N. Miller Street in Anaheim, Calif.

LOS ANGELES, CA - July 11, 2011 - (RealEstateRama) -- Six Los Angeles County residents have been charged for their roles in a mortgage fraud scheme that used fraudulent loan applications and supporting documents to convince lenders to fund approximately 20 loans that resulted in approximately $4 million in losses.

Brea, CA - July 11, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., takes a step in its strategy of investing in new Southeastern U.S. markets by selling The Brea Center in Brea, Calif. The 56,945-square-foot retail center at 719-96 Brea Blvd., sold to Gerrity Atlantic Retail Partners, LLC, for $14.5 million.

IRVINE, CA - July 7, 2011 - (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 the firm is now marketing for sale a portfolio of four shopping centers in southern California in Hawaiian Gardens, Lancaster, Mission Viejo and Oxnard. Consisting of approximately 517,870 total square feet, the four properties are offered for sale unpriced and can be purchased individually or as a portfolio.

LOS ANGELES, CA - July 7, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed a five-year, 21,062 square foot lease valued at over $2 million with Asian Pacific AIDS Intervention Team. APAIT positively affects the quality of life for Asian and Pacific Islanders living with or at-risk for HIV/AIDS by providing a continuum of prevention, health and social services, community leadership and advocacy to the Southern California region. The property is located at 1730 W. Olympic Blvd. near the major cross street of Union Avenue, adjacent to Downtown Los Angeles.

EUGENE, OR - July 7, 2011 - (RealEstateRama) -- The ever-expanding network of agents and brokers has grown larger once again, through the partnership of IDX, Inc. and Sevak Khatchadourian. IDX Broker software is now seamlessly integrated onto the website Khatchadourian hosts, creating a dynamic and thorough IDX enabled search page for the clients of Khatchadourian. California Real Estate Technology Services (CARETS) listings have never been easier to search through, thanks to the innovative IDX solution Khatchadourian has synced to his page. Thousands of detailed Beverly Hills, California listings are updated minute-by-minute to ensure that home seekers experience only the best possible online property search.

EUGENE, OR - July 6, 2011 - (RealEstateRama) -- IDX, Inc. and Chris Cooke are revolutionizing the Redwood City, California real estate search, by enabling IDX Broker software onto the website Cooke hosts. As a broker, Cooke presents area listings with ease and simplicity on his IDX enabled website. MLSListings properties are synced to the search page Cooke hosts, creating a thorough, comprehensive and dynamic online database of local listings. By integrating IDX Broker software on his website, Cooke has transformed the online real estate marketplace for his clients and his own business

Torrance, CA - July 6, 2011 - (RealEstateRama) -- Markus Ashley of Keystone Pacific Property Management has returned to the Temecula office as a senior community association manager. “Markus brings a high level of experience to our Temecula office and will be a valuable addition to the Keystone Pacific team,” said Denise Bergstrom, vice president of association management of Keystone Pacific Property Management.

TUSTIN, CA - July 6, 2011 - (RealEstateRama) -- Gold Max of California announced today they are on track to open 100 Gold Max stores in Southern California within the next year. With more than 150 stores, Gold Max operates the United States’ largest chain of stores specializing in buying gold and precious metals from consumers. Gold Max entered the Southern California market in the fall of 2010 and opened 8 stores. Since retaining Present Value Properties as its exclusive real estate broker for California in early 2011, Gold Max has already opened 6 new stores in Southern California and will soon open 9 more. Currently, Present Value Properties is in negotiations on additional 23 stores for Gold Max in Southern California.

LOS ANGELES, CA - July 6, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $4.42 million sale of an 18-unit multifamily property that was built in 2004 and is located at 817 Wilcox Ave. in Los Angeles.

San Jose, CA - July 5, 2011 - (RealEstateRama) -- NxGen Modular officially opened its new corporate headquarters this week in San Jose, near a number of well-known technology companies such as eBay, PayPal and Symmetricom.

TUSTIN, CA - July 5, 2011 - (RealEstateRama) -- Gregory A. Fisher of Present Value Properties, Inc., a full service retail real estate brokerage, and consulting firm headquartered in Tustin, Calif., announced today that Britt Nelson, a retail real estate veteran and the former President of NewCity Development, LLC and a consultant to the architectural and engineering, retail, municipal and development segments of the industry, has joined Present Value Properties as Vice President.

Washington, DC - July 1 30, 2011 - (RealEstateRama) -- Senator Dianne Feinstein (D-Calif.) today announced that legislation to spend $35.5 million to address a severe shortage of housing options for homeless veterans in Los Angeles has passed committee and will advance to the full Senate

EUGENE, OR - July 1, 2011 - (RealEstateRama) -- With new agents and brokers adding customizable IDX solutions daily, IDX, Inc. is pleased to welcome Christine Lewis to the ever-expanding network of real estate professionals who have enhanced the online property search capabilities they host online. IDX Broker software now seamlessly integrates San Diego Regional MLS (SANDICOR) listings directly onto the website Lewis supports. A thorough and comprehensive IDX enabled search page allows San Diego, California home seekers to quickly and easily find the property of their dreams without leaving the convenience of the website of Lewis.