Rep. Napolitano (D-El Monte) attended the groundbreaking ceremony for the final phase of the Recycled Water Project at Rose Hills Memorial Park and Mortuary, calling for more investment in recycling projects across the region.

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is providing input on discussions that the U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) are having to give Property Assessed Clean Energy (PACE) liens “super lien” priority, which would make them senior to the FHA’s single-family first-mortgage financing

Helping families re-establish their roots and transition to a place that they can call home is the objective behind the opening of the City’s second transitional housing project. City leaders in partnership with Elk Grove HART (Homeless Assistance Resource Team) and Sacramento Self-Help Housing celebrated the opening of the Meadow House today in east Elk Grove with a ribbon cutting ceremony and tours of the home.

LOS ANGELES - August 18, 2015 - (RealEstateRama) -- Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Home sales have risen year over year for six straight months

Vice President Scott L. Linklater with NAI Capital represented the buyer TD Land LLC on the purchase of a 31,633 square foot light industrial manufacturing facility in the city of Simi Valley, Calif. The seller was 3990 Royal Corporation, Inc. The total sale price was $3.9M or $124 per square foot.

Senior Vice President Lynn Coker with NAI Capital secured a 10-year lease to ACME Moving and Storage. The company based out of Palm Desert, CA will open its largest location in California at 77550 Enfield Lane, Palm Desert, Calif. Coker, represented the owners in the transaction

Senior Vice President Fariba Kavian with NAI Capital represented the seller HCLARE LLC on the sale of the 22,750 square foot Sprouts Farmers Market. The sale price was well over $12 Million. In addition, the buyer paid a prepayment penalty of approximately $600K to the pay off the existing loan on the property, which was at an above market interest rate, in order to obtain better financing.

BKM Capital Partners, a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western U.S., has hired real estate marketing and operations executive Barbara Rea as its Director of Operations & Marketing

Today Mayor Edwin M. Lee and U.S. House Democratic Leader Nancy Pelosi announced that the U.S. Department of Housing and Urban Development (HUD) has granted a City request to waive payment standards used to calculate the value of rental vouchers provided to homeless veterans. The waiver in HUD’s Veterans Affairs Supportive Housing (HUD-VASH) program will allow the City to increase the value of rental vouchers provided to San Francisco veterans, so that they have more housing options and will speed the placement of veterans in stable, secure and safe homes in San Francisco.

The California Housing Finance Agency (CalHFA) today announced its participation in a new federal initiative in which the U.S. Treasury and the Department of Housing and Urban Development (HUD) will partner with creditworthy Housing Finance Agencies (HFAs) to provide significantly lower interest rates to preserve and increase affordable housing

Commemorating the 50th anniversary of the Watts riots, Mayor Eric Garcetti spent Friday in neighborhoods where six days of civil unrest drew global attention to issues of racial inequality and a half-century of rebuilding underscored the resilient spirit that defines Los Angeles.

The U.S. Environmental Protection Agency and its Tribal Green Building Codes Workgroup—which consists of representatives from tribal nations and federal agencies—announced a new toolkit designed to assist tribes to prioritize and implement healthy, green building policies and practices

The ConAm Group (ConAm) is aggressively increasing its national multifamily property management portfolio through both company-owned and third-party fee management assets and has announced the appointment of Julie Brawn-Whitesides as its new Executive Vice President of Property Management as part of that strategy, according to Rob Singh and Bob Svatos, Co-Presidents of ConAm

Today the City sold $299 million in bonds to fund its contribution to the construction of the Golden 1 Center in Downtown Sacramento. The amount will be put toward the City’s $255 million share of the Golden 1 Center, nine months after the City and Sacramento Kings broke ground on the new $507 million downtown arena. The center is expected to open in October 2016.

Water infrastructure investment represents $250 million in savings, and prevents the annual loss of more than 300 million gallons of water. Mayor Eric Garcetti today released 20,000 “shade balls” onto the surface of the Los Angeles Reservoir, marking completion of a $34.5 million initiative to protect the city’s water quality.

Every region except Kings County posts lower affordability compared to previous quarter. Thirty percent of California households could afford to purchase the $485,100 median-priced home in the second quarter, down from 34 percent in first-quarter 2015 and unchanged from 30 percent in second quarter 2014

More than 200 K-5th grade children who live in the city’s Potrero Terrace & Annex public housing received free backpacks, essential school supplies, LeapFrog learning devices, books and back-to-school information at a special giveaway today.

The McGrath Family, known in San Diego as pioneers in construction and real estate, have announced the sale of a portion of their retail portfolio encompassing 294,428 square feet in the Kearny Mesa submarket of San Diego, California to a commingled fund managed by Clarion Partners, working with existing partner HP Investors, LLC.

A woman is scheduled to be arraigned today for shooting and killing her boyfriend outside their mobile home in Garden Grove. Arlene Kathyrn Bautista, 20, Garden Grove, is charged with one felony count of involuntary manslaughter by lawful act in an unlawful manner with a sentencing enhancement for the personal use of a firearm. If convicted, she faces a maximum sentence of 14 years in state prison.

Interstate Equities Corporation (IEC), an institutional fund manager has acquired a rare, un-renovated, 46-unit multifamily community in San Rafael, California from a private family owner. The 45-year-old Marin Gardens Apartments is still in its original condition, providing a tremendous opportunity to create value, according to Marshall Boyd, President of IEC.