Department of Business Oversight (DBO) Commissioner Jan Lynn Owen today called on state-chartered banks and credit unions to be leaders in efforts to help communities recover in four fire-damaged counties

MCA Realty, a full service real estate investment and management company, has acquired two multi-tenant industrial assets totaling more than half a million square feet in the Inland Empire for a combined total of $36.8 million.

U.S. Representatives Pete Aguilar (D-San Bernardino), Ken Calvert (R-Corona), and Paul Cook (R-Apple Valley) will award the Congressional Badge of Bravery to four San Bernardino County Sheriff’s deputies during a ceremony on Tuesday, September 22. Three of the deputies will be recognized for their actions during the Christopher Dorner manhunt in 2013. A fourth deputy will be honored for rescuing occupants of a Victorville apartment who were trapped during a fire

Yesterday, Congressman John Garamendi (D-Fairfield, CA), Ranking Member of the Coast Guard and Maritime Transportation Subcommittee, wrote a letter urging Congress to enhance American national security by adopting provisions requiring the use of American ships and crews whenever the U.S. exports crude oil. The House of Representatives is currently considering H.R.702, which would lift the longstanding ban on exports of American crude oil. Under current law, exports of North Slope Alaskan oil are exempted from the ban under certain circumstances.

Mayor Edwin M. Lee with Supervisor Mark Farrell introduced legislation at the Board of Supervisors to make changes to the City’s Inclusionary Housing Ordinance to speed up production of affordable housing in San Francisco for low and middle income families. The legislation, part of the Mayor’s Blueprint to 10,000 announced last week that sets forth a blueprint to provide more than 10,000 permanently affordable homes to families and residents by 2020, will help the City better meet the needs of low and middle income families who need housing

Following a hotter than usual summer of homes sales, California’s housing market cooled in August, but still posted higher year over year for the seventh straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Mayor Eric Garcetti and California Governor Jerry Brown today joined mayors and governors from across the U.S. and China to sign the U.S.-China Climate Leaders Declaration. The Declaration affirms commitments by cities, states, and provinces to meet emissions targets that exceed national goals established by their respective countries and sets ambitious, verifiable actions to combat climate change while supporting and expanding bilateral cooperation and dialogue

A man and two women have been charged in connection with the murder of a 31-year-old man inside an apartment unit in Glendale, the Los Angeles County District Attorney’s Office announced today

Mayor Edwin M. Lee with Supervisor Mark Farrell introduced legislation at the Board of Supervisors to make changes to the City’s Inclusionary Housing Ordinance to speed up production of affordable housing in San Francisco for low and middle income families. The legislation, part of the Mayor’s Blueprint to 10,000 announced last week that sets forth a blueprint to provide more than 10,000 permanently affordable homes to families and residents by 2020, will help the City better meet the needs of low and middle income families who need housing

Appealing from a ruling of the California Supreme Court, Pacific Legal Foundation (PLF) announced today that it has just asked the U.S. Supreme Court to hear a constitutional challenge to San Jose’s “Inclusionary Housing Ordinance.” The ordinance penalizes homebuilders — and raises overall home prices — by forcing homebuilders to dedicate a percentage of units as below-market residences, or pay into a city housing fund

Mayor Edwin M. Lee today issued the following statement regarding the devastating Valley Fire in Lake, Napa and Sonoma counties that has burned 61,000 acres and has destroyed hundreds of homes

Meta Housing Corporation has announced the completion of Metro @ Compton Senior Apartments, a $20.3 million, transit-oriented, 75-unit affordable housing development available to seniors aged 55+ in Compton, California

the California State Assembly took major steps forward in the fight for a cleaner, healthier future for all by passing Senate Bill 350. Senate President Pro Tempore Kevin de León’s SB 350 requires 50 percent of the state’s electricity to come from renewable sources and doubles energy efficiency in buildings, both by 2030.

TIAA-CREF, a leading U.S. financial services organization and the nation’s largest manager of U.S. institutional tax-exempt real estate assets*, today announced the acquisition of a prime real estate asset in San Francisco as part of its joint venture with partner Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global.

A 46-year-old man was charged today with shooting his wife and at a neighbor in a North Hollywood condominium complex during a domestic violence incident in which he also shot himself, the Los Angeles County District Attorney’s Office announced.

A Detroit man has been charged with stealing roughly $225,000 from an elderly woman he befriended after she signed over her apartment complex to him, the Los Angeles County District Attorney’s Office announced. Carlson Alyn Jackson (dob 11/24/55) was charged with three counts of grand theft from an elder and one count of offering a forged instrument in case BA439441.

The Solar Energy Industries Association (SEIA) today praised the passage of California’s Senate Bill 350, the leadership of the bill’s sponsor and champion, Senate President pro Tem Kevin de Leòn, and Gov. Jerry Brown, who earlier this year set out the ambitious vision of meeting 50 percent of the state’s electricity needs with renewable energy. In addition to increasing energy efficiency in buildings, the bill increases the state’s Renewables Portfolio Standard (RPS) to 50 percent by 2030.

The City of Sacramento Department of Utilities announces a Spare the Water Alert through Saturday, September 12. Spare the Water Alerts are typically declared when three consecutive days of 100+ degree temperatures are forecasted. With these extreme temperatures over the week, the City is asking customers to cut back on their non-essential water use, only water on their scheduled watering days, and to water only before 10 a.m. and after 7 p.m.

A former security guard at a Marina del Rey apartment complex was sentenced today to life in prison without the possibility of parole for the special circumstance murder of a fellow security guard, the Los Angeles County District Attorney’s Office announced.

Mayor Edwin M. Lee today highlighted milestones in the City’s new first-of-its-kind Navigation Center pilot program including helping 200 homeless residents access housing and services in five months. Mayor Lee also announced a new $3 million re-allocation of City funds to expand the Navigation Center model, and challenged the private sector to match the City’s commitment at least dollar-for-dollar.