EIA’s daily energy dashboard for Southern California now focuses on key winter energy market...
The U.S. Energy Information Administration (EIA) has updated its Southern California Daily Energy Report to provide additional information on key energy market indicators for the winter season. This dashboard report includes information that EIA regularly compiles about energy operations and the management of natural gas and electricity systems in Southern California in the aftermath of a leak at the Aliso Canyon natural gas storage facility near Los Angeles. Although the leak has since been plugged, regulators have placed ongoing limitations on the use of that facility.
CIT Group Accused of Redlining and Violating Fair Housing Act
Yesterday, two nonprofit organizations formally filed a complaint requesting that the federal Department of Housing and Urban Development (HUD) investigate whether CIT Group violated and continues to violate the Fair Housing Act through its subsidiary, OneWest Bank. In 2014, CIT Group applied to acquire OneWest Bank, and after receiving regulatory approvals, the merger was completed in August, 2015
Congressman Garamendi Champions “Make It In America” for the California High Speed Rail Program
Congressman John Garamendi (D-Fairfield, Davis, Yuba City), together with Reps. Dan Lipinski (D-IL) and Doris Matsui (D-CA), praised the California High-Speed Rail Authority for the withdrawal of its request for Buy America waivers for component parts of its high-speed rail trains. The Authority had requested a waiver to allow the use of foreign components and foreign-sourced steel on up to 70 train sets. After extensive conversations with Congressman Garamendi, the Authority chose not to seek any exemptions to Buy America requirements
MAN CONVICTED OF STARTING FIRE IN STANTON APARTMENT AND DISPLACING COMPLEX RESIDENTS
A man was convicted today of starting a fire in a Stanton apartment, causing residents of the complex to be displaced. Brandon Tyler Williams, 43, Stanton, pleaded guilty to one felony count of arson of an inhabited property. He was sentenced to 600 days in county jail, three years of formal probation, and was ordered to pay restitution.
California home sales and median price post higher in October
Bolstered by healthy sales activity in Southern California and the Central Valley, California existing home sales and median price gained ground in October on a month-to-month and year-over-year basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Rep. Walters’ Staff To Host Mobile Office Hours in Tustin & Mission Viejo
Representative Mimi Walters (CA-45) today announced that staff will host mobile office hours in Tustin and Mission Viejo on December 1st. Rep. Walters’ staff will meet with constituents and assist them with federal casework issues dealing with Veterans Affairs, Social Security, IRS, immigration/passports, housing, grants, D.C. tours, and more. To schedule an appointment, please contact Donovan Higbee at (949) 263-8703 or Donovan.Higbee@mail.house.gov. Please note appointments are encouraged but not required.
Two Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at...
Two Northern California real estate investors have agreed to plead guilty today for their role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
CONGRESSMAN LIEU STATEMENT ON PRESIDENT-ELECT TRUMP’S INFRASTRUCTURE PROPOSAL
Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement regarding President-elect Trump’s infrastructure proposal.
Central Valley Builders Supply Doubles Down With Simpson Strong-Tie
In an environment that is experiencing changing demographics, a shrinking workforce, and reduced spending, the conventional wisdom is that brick and mortar retail building supply companies should be shying away from the big box format, opting instead for smaller formats with leaner inventories.
Counter to Utility Claims, Solar Users Provide Net Benefits
Solar panels provide pollution-free energy that delivers far-reaching benefits to the environment and the electric grid, said a new report released today by Environment California Research & Policy Center. The report outlines how solar panels on homes, schools and businesses often provide more benefits than they receive through programs like net metering, counter to utility claims that solar owners don’t pay their fair share
ICYMI: Issa Op-Ed in the Orange County Register: “Empower Cities For Sober Living Homes...
Over the weekend, Representative Darrell Issa (R-CA) penned an op-ed for the OC Register outlining his solution to a growing national problem with sober living homes. In the piece, Congressman Issa makes the case for returning power to state and local government by updating the Fair Housing Act to allow oversight of sober living facilites through his bill — the Safe Recovery and Community Empowerment Act (H.R. 6070).
Mayor Lee Announces New Housing for Chronically Homeless Veterans
Mayor Edwin M. Lee and Jeff Kositsky, Director of the Department of Homelessness and Supportive Housing (HSH) announced today the City’s plan to end chronic homelessness for veterans in San Francisco
CalHFA Helps California Veterans Obtain Affordable Housing
As a result of recent policy revisions, CalHFA will give underwriting and processing priority to CalHFA-financed multifamily developments that include affordable units restricted for Veterans. CalHFA will also now require developments receiving CalHFA subsidy funding to provide a housing preference to men and women who have served in any branch of the United States military
California housing affordability holds steady in third quarter as rising wages and lower interest...
Rising wages and slightly lower interest rates did little to improve California’s housing affordability, which remained flat compared to the previous quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Meridian Sells Dialysis Clinic in Palmdale, Calif. for $6.97 Million, 5.0% Cap Rate
Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif. The purchase price was $6.97 million, representing a cap rate of 5.0%. This is the second dialysis clinic that Meridian has sold this year. Earlier this year, Meridian sold a similar clinic in San Rafael, Calif.
C.A.R. installs 2017 Leadership team
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today installed its 2017 Leadership Team. Leading the team is C.A.R. President Geoff McIntosh, a 30-year real estate veteran and broker in Southern California. Serving with McIntosh are President-elect Steve White, Treasurer Jared Martin, and Chief Executive Officer Joel Singer. The 2017 officers begin their official term this week at the close of the NATIONAL ASSOCIATION OF REALTORS® (NAR) Conference and Expo in Orlando, Fla.
Meridian Expands Construction Division with Addition of Christine Velasquez as Project Manager
Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, expands its construction project management division with the addition of Christine L. Velasquez, a well-respected senior-level real estate professional with a successful track record of over 15 years in business and community development, commercial real estate and project management in the Silicon Valley.
New award recognizes California leadership in zero net energy schools
California is leading the nation in the transformation of K-12 schools and community colleges to zero net energy (ZNE) performance. To honor early innovation and leadership in this market, nine inaugural ZNE School Leadership Awards were given on behalf of the California Investor owned Utilities Prop 39 ZNE School Pilot Program to showcase the people, buildings and districts that are driving this new standard for school environments. ZNE schools are high performance buildings that combine energy efficiency and renewable energy resources to produce at least as much energy as they consume annually.
MAN TO BE ARRAIGNED FOR MANUFACTURING EXPLOSIVE DEVICE IN ANAHEIM MOBILE HOME WHILE STREAMING...
A man is scheduled to be arraigned today for manufacturing an explosive device in his mobile home in Anaheim while streaming on Facebook Live. Jeff Edward Reece, 34, was charged on Nov. 1, 2016, with one felony count of possession of an explosive, one felony count of possession of a destructive device in a private habitation, and one felony count of attempted arson of an inhabited property, and a sentencing enhancement for a prior felony conviction for assault in 2011 in Oregon. He is scheduled to be arraigned in Department CJ-1, Central Jail, Santa Ana.
Mayor Eric Garcetti, Councilman Mitch O’Farrell, State Dignitaries and Local Leaders Join Abode Communities,...
Mayor Garcetti, Councilman Mitch O’Farrell, Los Angeles Unified School District Board of Education President Steve Zimmer, state and local leaders joined affordable housing developer and architect Abode Communities, land owner Los Angeles Unified School District (District) and residents today for the grand opening celebration of Selma Community Housing in Hollywood. This service-enhanced affordable family/workforce residential community features 66 newly constructed homes in Hollywood.
