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.
Chairman Royce Meets with the Asian American Business Community
U.S. Representative Ed Royce (R-Fullerton), Chairman of the House Foreign Affairs Committee, convened a round table discussion with local business leaders from the Asian American community. The group spoke about federal issues of concern to small business owners including tax reform, trade agreements, access to capital, regulatory relief, and infrastructure investment
Support Builds For Congressman Issa’s Sober Homes Reform Bill
Local government continues lining up behind Congressman Issa’s bill that would allow communities the ability to implement oversight of sober living facilities. The Orange County Board of Supervisors now becomes the second local government in our district to announce it’s support of the Safe Recovery and Community Empowerment Act (H.R. 6070). The City of San Clemente previously endorsed the legislation earlier in September.
Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Pad, Shadow-Anchored by New Walmart Supercenter...
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 represented the buyer and seller in the off-market sale of a 13,940-square-foot multi-tenant retail pad, shadow-anchored by a new Walmart Supercenter at 13325 Main Street in Hesperia, Calif. The sale price was $8.5 million, yielding a cap rate of 5.33 percent. The transaction represents a record-low cap rate for a fully-leased multi-tenant retail pad over 10,000 square feet in the Inland Empire since 2008, according to CoStar.
Hanley Investment Group Completes Sale of Rare Single-Tenant Enterprise Rent-A-Car in Redlands at 5.5%...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Jeremy McChesney completed the sale of a rare single-tenant absolute net-leased Enterprise Rent-A-Car property in Redlands, Calif. The purchase price was $1,520,000, which represented a cap rate of 5.55% and $626 per square foot
Rep. Susan Davis & Veterans Village of San Diego Announce $1.4 million to Combat...
Congresswoman Susan A. Davis (D-San Diego) and Veterans Village of San Diego (VVSD) announced over $1.4 million in federal grants to help homeless veterans in San Diego. Vietnam Veterans of San Diego will receive the grant money to further their efforts to get homeless veterans off the streets and into financial stability.
California Housing Forum Participants Agree: It’s Time for Real Solutions
When talking about housing in California, compromise is sometimes the last word that comes to mind. A forum held last Thursday in Sacramento was designed to start moving toward that goal
The Coachella Valley Housing Coalition and local volunteers to help build Community Gardens in...
The Coachella Valley Housing Coalition (CVHC) has received a $15,200 grant from Rural Local Initiatives Support Corporation (Rural LISC) to support its Volunteer-Driven Community Gardens Program in Indio, part of CVHC’s Healthy Housing Initiative
12 hard-working Desert Hot Springs families to receive the keys to their newly built...
Twenty-one happy families will gather with friends and family around newly finished kitchens and living rooms this holiday season to honor the hard work and dedication they have invested into the construction of their new homes, their new community and their promising new futures. On November 23rd, 21 proud families join more than 800 families who have already built their own homes with the Coachella Valley Housing Coalition (CVHC) in the City of Coachella, and join a community of more than 1,600 families who have built their homes with CVHC throughout Riverside and Imperial counties.
East Porterville Residents Urged To Attend October 5 Meeting On Water Connection Information during...
East Porterville homeowners eligible for a cost-free connection to a new sustainable water supply are urged to attend an informational community meeting on October 5 on the East Porterville Water Supply Project. The meeting will be held from 6:00 to 8:30 p.m. in the Granite Hills High School Cafeteria, 1701 East Putnam Avenue, Porterville. Simultaneous interpreter services will be available for Spanish speakers
Man Pleads No Contest in Death of Transient Outside Fast Food Restaurant
A homeless man pleaded no contest today to voluntary manslaughter for the death of another transient outside a fast food restaurant in downtown Los Angeles last year, the Los Angeles County District Attorney’s Office announced.
C.A.R. releases its 2017 California Housing Market Forecast
Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the "2017 California Housing Market Forecast," released today by the
California Reinvestment Coalition Proud of New Law to Protect Californians from “Widow Foreclosures”
The California Reinvestment Coalition is pleased to announce that earlier today, Governor Brown signed SB 1150 (Leno, Galgiani) to protect widows, widowers, and other heirs from unnecessary foreclosures. Senate Bill 1150, the Homeowner Survivor Bill of Rights (SBOR), was co-sponsored by the California Reinvestment Coalition, Housing and Economic Rights Advocates and the California Alliance for Retired Americans
Royce Pushes Level Playing Field for U.S. Insurers
U.S. Representative Ed Royce (R-Calif.), Chairman of the House Foreign Affairs Committee, questioned witnesses about the importance of a U.S.-E.U. covered agreement to protect American insurance firms and consumers during a Housing and Insurance Subcommittee hearing entitled “The Impact of the U.S.-E.U. Dialogues on U.S. Insurance Markets.”
House Passes Rep. Peters’ Amendment to Increase Infrastructure Resiliency
Last night, the House passed U.S. Congressman Scott Peters’ (CA-52) amendment to the Water Resources Development Act that gives the Army Corps of Engineers the resources to evaluate the structural health of its current infrastructure and construction projects. By using structural health monitoring, the Army Corps can increase the resiliency of potentially vulnerable infrastructure before a disaster strikes, and be able to more quickly evaluate damage after a disaster. Bahamas Real Estate
REP. LIEU & MAYOR GARCETTI STATEMENTS ON PRESIDENT OBAMA SIGNING L.A. HOMELESS VETERANS LEASING...
Congressman Ted W. Lieu (D-Los Angeles County) released the following statement regarding President Barack Obama signing into law H.R. 5936, the Los Angeles Homeless Veterans Leasing Act of 2016. The law--authored by Congressman Lieu and Congressman Jeff Miller--authorizes the VA Secretary to enter into leases at the West Los Angeles VA to provide for permanent supportive housing and services including legal representation, spiritual enrichment, vocational training, addiction treatment and recreational opportunities.