Environment California Kicks Off Public Education Effort for 100% Clean, Renewable Energy
Environment California Research & Policy Center will deploy hundreds of door-knockers this summer as part of a multi-million-dollar effort to educate Americans about the possibility of 100 percent clean, renewable energy.
Kennedy Wilson Represents Seller in Approximately $37 Million Sale of Historic San Fernando Building...
Global real estate investment company Kennedy Wilson has represented the seller in the approximately $37 million sale of the San Fernando Building in the Old Bank District section of the Historic Core in Downtown Los Angeles. Originally built in 1907 as one of the city’s most coveted office buildings, the approximately 89,500-square-foot building was remodeled in 2000 to accommodate 70 large, loft-style multifamily units in addition to approximately 11,500 square feet of ground floor retail and restaurant space. The seller was Los Angeles-based Gilmore Associates and the buyer is MWest Holdings.
Renters value homeownership but face affordability challenges when it comes to buying a home,...
Current renters value homeownership and want to buy a home but many are encountering affordability and financial obstacles that prevent them from buying, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 Renter Survey.”
KTGY Architecture + Planning Unveils Design for Retailer Expansion at SouthBay Pavilion
IRVINE, CALIF. - (RealEstateRama) -- International award-winning firm KTGY Architecture + Planning today unveiled the design for Vintage Real Estate’s retailer expansion at SouthBay...
CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of High Quality Retail Center...
CBRE Executive Vice President Philip D. Voorhees and Jimmy Slusher announced today that the National Retail Investment Group – West (NRIG-West) team completed the sale of The Terrace, a two-level, 39,634-square-foot shopping center with structured parking in the city of Newbury Park, Calif. Leased to a complementary mix of 12 restaurant, retail and athletic-focused uses, tenants at The Terrace include: Orangetheory Fitness, Hot Yoga 1000, Road Runner Sports, Bottle and Pint, and others.
BASS APPLAUDS SOUTH LA PROMISE ZONE DESIGNATION
Rep. Karen Bass (D-Calif.) made the following statement after this morning’s announcement by the U.S. Department of Housing and Urban Development (HUD) that South Los Angeles won a federal Promise Zone designation in the third round of the competition. The announcement, held at Los Angeles Trade Technical College (LATTC), was made by HUD Deputy Secretary Nani Coloretti was attended by elected officials who represent the area, community partners working in South Los Angeles, and residents - including students from the Coalition for Responsible Community Development’s YouthBuild Charter Academy, one of SLATE-Z’s partner schools
Rep. Roybal-Allard Celebrates South LA’s Promise Zone Designation
Congresswoman Lucille Roybal-Allard (CA-40) was at Los Angeles Trade Technical College to celebrate the announcement that the U.S. Department of Housing and Urban Development (HUD) has designated South Los Angeles as a Promise Zone. The designation means that the federal government will help South LA leaders implement a comprehensive strategy to create jobs and educational opportunities, reduce violent crime, and strengthen the local economy.
MAN TO BE ARRAIGNED FOR DEFRAUDING $2 MILLION FROM 380 TROUBLED HOMEOWNERS THROUGH LOAN...
A man is scheduled to be arraigned tomorrow for defrauding approximately $2 million from 380 troubled homeowners through a loan modification scheme. Kevin Frank Rasher, 44, Coto de Caza, is charged with one felony count of second degree burglary, 46 felony counts of grand theft, one felony count of aiding false or fraudulent return, and a sentencing enhancement for property damage or loss over $65,000
Honda Introduces Bipartisan Energy Storage Tax Relief
As our electrical grid is modernized and more renewable energy sources come on-line, the next wave of modernization is energy storage, which will allow residential and commercial consumers to stabilize utility costs, while providing consistent power, even during outages or brownouts.
Hanley Investment Group Negotiates Sale of Target-Anchored Shopping Center for $8.57 Million
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Senior Vice President Kevin Fryman represented the buyer and seller in the sale of Seven Trees Shopping Center, a 150,338-square-foot Target-anchored shopping center in San Bernardino, Calif.
SB 1150 Passes Senate Hurdle After Dramatic Turnaround
Senate Bill 1150, a bill to protect widows, widowers and other heirs from unnecessary foreclosures, passed a key hurdle today when it was voted out of the Senate on a vote that was not without drama. Amidst intense industry lobbying pressure and after appearing to go down to defeat for failing to secure sufficient votes yesterday, the bill secured the needed 21 votes today.
AGUILAR CONVENES VETERANS ADVISORY BOARD TO IMPROVE HEALTH CARE SERVICES
Yesterday, Rep. Pete Aguilar convened another meeting of his Veterans Advisory Board. The committee of veteran health care providers, local veterans and representatives from veteran assistance organizations met with Rep. Aguilar yesterday morning to discuss improving health care services for Inland Empire veterans. This was Rep. Aguilar’s third meeting with his Veterans Advisory Board. Previous meetings addressed employment opportunities and veteran homelessness, which resulted in immediate actions.
NAPOLITANO PRAISES COMMITTEE PASSAGE OF WATER INFRASTRUCTURE BILL
Rep. Grace F. Napolitano (D-El Monte) praised the passage of H.R. 5303, the Water Resources Development Act (WRDA) of 2016, by the full House Transportation and Infrastructure Committee, releasing the following statement
Mayor Lee Announces Record Level of Capital Investment
Mayor Edwin M. Lee today announced a $411.3 million proposed two-year capital budget to invest in San Francisco’s future. This record investment continues Mayor Lee’s strong commitment to improving San Francisco’s infrastructure and continuing to follow the good government recommendations of the Capital Planning Committee. The investments included in the proposal will make the City more resilient, safer, and more livable. It addresses critical public safety projects, makes big investments to address growth, and takes care of existing infrastructure.
Rep. Susan Davis Opposes Special Interest Energy Bill
Congresswoman Susan Davis (D-San Diego) opposed a partisan energy bill that promotes fossil fuels at the expense of renewable energy. The bill would also gut the Endangered Species Act under the false notion that it will provide drought relief to California.
California GOP Delegation Releases Statement on California Water Shortage Legislation
U.S. Representative Ed Royce (R-Fullerton) and the Republican Members of California's Congressional Delegation issued the following statement regarding the upcoming consideration of multiple pieces of legislation addressing California's water shortages
C.A.R. applauds Gov. Brown’s “build by right” proposal
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds a “build by right” proposal by Gov. Jerry Brown that would create a voluntary permit streamlining approval process for developers to use.
Infrastructure Reforms Result in Over $133 Million for Neighborhood Projects
Mayor Kevin L. Faulconer’s reforms to “repair the repair program” by streamlining infrastructure improvement projects continue to create major efficiencies with a new report showing those reforms have provided more than $133 million for neighborhood upgrades over the past year
Five-Year Commitment from Arch Capital Group Provides Support to Opens Doors for Expansion into...
The Mortgage Bankers Association Opens Doors Foundation (MBA Open Doors) today announced that it is expanding into California in the coming months, thanks to a generous ongoing contribution from Arch Capital Group (U.S.) Inc. (Arch Capital), a parent company of Arch Mortgage Insurance Company (Arch MI).
April California pending home sales trend higher but inventory concerns remain
Led by the Central Valley, California statewide pending home sales reversed a three-month decline and posted higher in April, but a persistent shortage of homes for sale may dampen the upcoming spring homebuying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today



