Owner of California Company that Falsely Advertised Mortgage Assistance Sentenced to Prison
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that JOHN VESCERA, 60, of Dana Point, Calif., was sentenced today by Chief U.S. District Judge Janet C. Hall in New Haven to 12 months and one day of imprisonment, followed by three years of supervised release, for false advertising and misusing a government seal in connection with the provision of mortgage modification services
Rep. Calvert Supports Passage of the Water Resources Development Act
Congressman Ken Calvert (CA-42) voted along with a bipartisan majority of the House to pass H.R. 5303, the Water Resources Development Act (WRDA). The bill authorizes funding to address the needs of America’s harbors, locks, dams, flood protection, and other water resources infrastructure.
Reps. Royce and Blumenauer Introduce NFIP Reforms to Save Taxpayer Money
U.S. Representatives Ed Royce (R-Calif.) and Earl Blumenauer (D-Ore.) introduced H.R. 6196, theRepeatedly Flooded Communities Preparation Act. The bill aims to mitigate the financial resources expended by the National Flood Insurance Program (NFIP) and taxpayers on claims for properties flooded multiple times
Costa Applauds House and Senate Passage of Water Infrastructure Bills
Rep. Jim Costa (CA-16) released the following statement after the House passed the Water Resources Development Act (H.R. 5303) to complete water infrastructure projects in California and throughout the United States. On September 15, the Senate passed a similar version of the legislation, S. 2848.
REP. LIEU INTRODUCES LEGISLATION TO GIVE HOMELESS VETERANS ACCESS TO LEGAL SERVICES
Congressman Ted W. Lieu (D | Los Angeles County) introduced the Legal Services for Homeless Veterans Act of 2016. This legislation would authorize the Department of Veterans Affairs to enter into agreements with third parties to provide pro bono legal services to homeless and at-risk Veterans across the country. A recent study by the VA found that at least five out of the top 10 problems leading to homelessness among Veterans cannot be solved without legal help.
Lofgren and Honda Announce $15.3 Million in Federal Grants for Mineta Airport
U.S. Reps. Zoe Lofgren (D-San Jose) and Mike Honda (D-Silicon Valley) announced the Norman Y. Mineta San Jose International Airport will receive more than $15 million in federal funding for infrastructure improvements and perimeter security through two U.S. Department of Transportation grants.
CITY FINALIZES CONTRACT WITH SALVATION ARMY TO EXPAND HOMELESS SERVICES AT SHELTER
The City of Sacramento, in partnership with Sutter Health, announced funding to expand services at the Salvation Army's Center of Hope Emergency Shelter. Funding will support services for 24 hours a day, seven days a week
Royce Calls for Better Efficiency and Local Control in Public Housing Spending
U.S. Representative Ed Royce (R-Calif.) recently questioned witnesses on how to increase efficiency and local control in public housing spending during a Housing and Insurance Subcommittee hearing entitled “The Future of Housing In America: A Better Way to Increase Efficiencies For Housing Vouchers and Create Upward Economic Mobility."
House Passes Strong Legislation Co-Authored by Reps. John Garamendi and Duncan Hunter on GPS...
The House of Representatives unanimously approved legislation co-authored by Rep. John Garamendi (D-CA) and Rep. Duncan Hunter (R-CA), Ranking Member and Chairman respectively of the Subcommittee on Coast Guard and Maritime Transportation. The bill would require the creation of a GPS backup system and commission a study to document the advantages of acquiring a heavy icebreaker fleet for the Coast Guard. Garamendi has previously introduced standalone legislation, such as H.R. 1678, to encourage development of a GPS backup
Lee & Associates Completes Sale of Multi-Tenant Retail Shopping Center in Orange County for...
Lee & Associates, a national commercial real estate brokerage firm, announced today that the company represented the buyer and seller in the sale of Grovemont Square, a 29,030-square-foot multi-tenant retail shopping center at 2428 North Grand Avenue in Santa Ana, Calif. The sale price was $4,730,000, representing a cap rate of 4.26 percent
SILVAR Congratulates CAREA’s 2016/2017 Leadership Team
SILVAR joined the Silicon Valley real estate community in congratulating the 2016/2017 leadership team of the Chinese American Real Estate Association (CAREA) at the association's installation dinner held at the Mayflower Restaurant in Milpitas last Friday. SILVAR President Karen Trolan administered the oath of office to 2016/2017 CAREA president Jennifer Chen, the officers and board of directors.
CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of Taco Bell and Shops...
CBRE Executive Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of the Taco Bell and Shops, a 18,175-square-foot, strip center in the city of San Diego, Calif., leased to a synergistic mix of food and service tenants, including Taco Bell, El Pollo Loco, Pick Up Stix, AT&T and T-Mobile. The sale price was $14 million, representing a 5.0% cap rate.
Fla.’s Housing Market: Sales, Median Prices Up in Aug. 2016
Florida’s housing market reported more closed sales, higher median prices, more new listings and fewer all-cash closed sales in August, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 25,070 last month, up 8.2 percent from August 2015.
Congressman Garamendi Praises Benicia Decision to Reject Crude Oil-by-Rail Facility, Renews Call for National...
Congressman John Garamendi (D-Fairfield, Davis, Yuba City, CA) today praised the Benicia City Council for their unanimous 5-0 vote rejecting a proposed crude-oil-by-rail facility that would have been operated by Valero. The facility, if constructed, could have opened the spigot to a large number of dangerous and underregulated crude oil-by-rail trains traveling through neighboring 3rd District cities like Davis, Dixon, and Suisun
Pelosi Statement on San Francisco Anti-Displacement Strategy
Democratic Leader Nancy Pelosi released the following statement after the City and County of San Francisco and the U.S. Department of Housing and Urban Development (HUD) agreed to an anti-displacement strategy. In a letter to Secretary Castro, Leader Pelosi had urged HUD to support one of San Francisco’s key efforts to address housing affordability and tenant displacement.
California pending home sales register higher in August but affordability and supply constraints remain...
An increase in pending sales across all major regions buoyed statewide California pending home sales in August from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Uncertainty about market conditions was reflected in C.A.R.’s August Market Pulse Survey,** with most leading indicators showing a decline in growth and REALTORS® becoming less optimistic about market expectations and more concerned with reduced affordability
ICYMI: City of San Clemente Endorses Congressman Issa’s Sober Homes Reform Bill
On Tuesday, the City Council for San Clemente unanimously voted to endorse legislation Congressman Darrell Issa introduced earlier this week — the Safe Recovery and Community Empowerment Act (H.R. 6070) — which would empower state and local government to oversee residential recovery facilities, which include sober living homes.
Leaders Open Dozens of Apartments for Homeless, Boosting Mayor Faulconer’s Campaign to House 1,000...
With the goal of providing housing for homeless veterans and creating opportunities for San Diegans to succeed, Mayor Kevin L. Faulconer was joined today by a host of local dignitaries for the grand reopening of the 102-year-old Hotel Churchill, which has been renovated into 72 special-purpose units for veterans and at-risk youth
Congressman Darrell Issa Introduces Sober Living Homes Reform Bill
Congressman Darrell Issa (R-Calif.) introduced legislation that would allow state and local governments to implement reasonable oversight of residential recovery facilities, which include sober living homes
MAN CONVICTED AND SENTENCED TO EIGHT YEARS IN PRISON FOR BURGLARIZING HOMES OF FEMALE...
A man was convicted and sentenced yesterday for burglarizing the homes of female college students that he found by using Instagram. Arturo Galvan, 45, Menifee, pleaded guilty on Sept. 19, 2016, to five felony counts of first degree residential burglary, one felony count of attempted first degree residential burglary, and one misdemeanor count of resisting and obstructing an officer. He was sentenced to eight years in state prison and was ordered to pay restitution to the victims
