Healthcare Landlord Leasing Specialist Michelle Lagos Joins Meridian as Senior Asset Manager
Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that healthcare leasing specialist Michelle Lagos was hired as the senior asset manager and will play an active role in the management of Meridian’s Southern California portfolio
Mayor Faulconer, Councilmember Gloria Kick Off Reconstruction of Hillcrest Fire Station
Marking the fourth fire station built as part of his commitment to improve neighborhood services throughout the city, Mayor Kevin L. Faulconer was joined today by City Councilmember Todd Gloria and Fire-Rescue Chief Brian Fennessy to announce the reconstruction and modernization of Fire Station No. 5 to better serve the growing population in Hillcrest and surrounding neighborhoods
San Juan Capistrano Endorses Issa’s Sober Homes Bill
The City of San Juan Capistrano today became the third local government to express support for Congressman Darrell Issa’s bill, the Safe Recovery and Community Empowerment Act (H.R. 6070), that would allow cities and states to implement oversight of sober living facilities.
C.A.R. Convenes “Housing Affordability and California’s Future” Real Estate Summit with Leading Experts in...
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) will present its second real estate summit at an event that will focus on housing affordability, the state’s most pressing housing issue. Industry leaders from financial institutions, government agencies, academia, real estate, public policy, business, and investing will engage in deliberate and impactful discussions with the goal of generating cogent action items for the state of California via the valuable input of stakeholders and thought leaders
Mayor Garcetti, Councilman O’Farrell, State Dignitaries and Local Leaders Join Abode Communities, Los Angeles...
On November 3, at 4:00 pm, Mayor Garcetti, Councilman Mitch O’Farrell, state and local leaders will join affordable housing developer Abode Communities, land owner Los Angeles Unified School District (District) and residents for the grand opening celebration of Selma Community Housing in Hollywood
PROMISE ZONE HOSTS LARGEST CONTINGENT OF FEDERAL PARTNERS IN SACRAMENTO TO ASSESS NEEDS AND...
In a historic event of its kind for Sacramento, a contingent of more than 30 federal partners from a variety of departments and programs will visit Sacramento to see firsthand how they can fill the gap of need for local partners that are working to enhance the lives of residents in the Promise Zone.
Mayor Lee and Supervisor Campos Introduce Legislation Allowing Development Funds to Benefit Local Neighborhoods
Mayor Edwin M. Lee today announced legislation co-sponsored with Supervisor David Campos that will allow fees from residential developments of 25 units or less to remain in the neighborhood where the new development is built. The fees will be allocated to purchase buildings where long-term tenants are at risk of being evicted due to market pressures and then make those units permanently affordable housing.
MAN CHARGED WITH TRESPASSING AFTER FILMING HIMSELF JUMPING INTO OCEAN AND POOL FROM PRIVATE...
A man was charged with trespassing yesterday after jumping into the ocean and a pool from private property in Laguna and Newport Beach and posting videos of the incidents on YouTube. Anthony Booth Armer, 28, Laguna Niguel, is charged with two misdemeanor counts of unauthorized entry of a dwelling and one misdemeanor count of trespassing with intent to interfere with business. His arraignment date and time are to be determined.
Officials Warn of Flash Flood Potential as Rainy Season Begins in California
Flood and fire officials from the California Department of Water Resources (DWR), CAL FIRE and the National Weather Service (NWS) warn that weather and land conditions across California increase the potential for flash flooding during the rainy season now under way. Five years of drought conditions have exacerbated wildfires across the state. Rain is beginning to fall on fire burn scars, making these areas prone to sudden erosion along roads and through neighborhoods.
Mayor’s Office Adds Newly Built Rent Control Units to Housing Market in Groundbreaking Partnership
Mayor Edwin M. Lee today announced a groundbreaking new housing development in the Excelsior District that will create 50% of the units as new permanently rent-controlled with just cause eviction protections and the remaining 50% of the units permanently set aside as affordable housing for low, moderate and middle income households. The development is entirely privately financed
California State Historical Resources Commission To Consider 25 Properties for Action
SACRAMENTO, Calif. - (RealEstateRama) -- The California State Historical Resources Commission (Commission) will consider 24 nominations for federal historic designation and one nomination for...
Amid declining affordability and tight housing supply, California pending home sales rise in September
California pending home sales improved from the previous month and year, however, overall market conditions appear to be slowing down and closed transactions plateauing, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Hanley Investment Group Lists Rare Five-Acre Fee-Simple Ground Lease on South Lake Avenue in...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm is marketing for sale a rare fee-simple ground-lease opportunity on South Lake Avenue in Pasadena, Calif. The offering, which is currently unpriced, is for the fee-simple land underlying The Shops on Lake Avenue retail and parking and is shadow-anchored by Macy’s.
Torres Receives Defender of Housing Award
Rep. Norma J. Torres (D-Pomona) was awarded the National Association of Home Builders’ (NAHB) Defender of Housing Award at a reception hosted by the Building Industry Association of California Baldy View Chapter this Thursday at the Doubletree Hotel in Ontario.
ROEM Brings 116 New, Affordable, Multifamily Apartments to Mountain View
ROEM Development Corporation celebrated the groundbreaking of Evelyn Family Apartments on Wednesday, October 19. Located at the southwest intersection of East Evelyn Avenue and South Bernardo Avenue in the City of Mountain View, Evelyn Family Apartments will be an affordable multifamily apartment community on a 1.93 acre site. The development will offer studio, one, two and three-bedroom apartments to families making up to 60 percent of the Santa Clara County Area Median Income.
September home sales and price report
California existing home sales ticked up in September on a year-to-year basis for the first time in seven months as a shortage of homes available for sale continues to hold back the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Hanley Investment Group Lists For Sale Brand New Two-Tenant NNN Retail Property in Oxnard...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm is marketing for sale a newly-constructed two-tenant retail building occupied by WSS (Warehouse Shoe Sale) and Krispy Kreme Doughnuts, located at the signalized intersection of Vineyard Avenue and Riverpark Boulevard in Oxnard, Calif
New ROEM $27 Million Transit-Oriented, Sustainable Apartments Celebrate Grand Opening in Baldwin Park
On Thursday, October 13, 2016, the City of Baldwin Park and ROEM Corporation celebrated the grand opening of Metro Village. Located at the northeast corner of Ramona Boulevard and Maine Avenue, Metro Village is a new construction, mixed-use, affordable multifamily apartment community on a 1.01-acre site. Metro Village offers one, two, and three-bedroom apartments affordable to families making 60 percent or less of the Los Angeles County Area Median Income and 5,500 square feet of commerce retail space.
Capital Pacific Sells Starbucks in Greensboro, NC
Capital Pacific, a leading retail investment brokerage firm, recently brokered the sale of a 1,776 square foot Starbucks drive-thru in Greensboro, NC. This was the second time that Joe Caccamo of Capital Pacific has sold the asset. He first sold it in 2006 on behalf of the original developer. The property just sold again for $1,784,879 to a California-based investor.
IBHS and California Fair Plan Association Wildland Fire Summit
The Insurance Institute for Business & Home Safety (IBHS), the California Fair Plan Association, AonBenfield Company and Renaissance Re sponsored a California Executive Summit on Wildland Fire October 5-6 in Los Angeles.
