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Westwood Financial Corp., (WFC) one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, has hired Jeanne Lazar as chief financial officer. Lazar joins the team at WFC with more than 20 years of diverse commercial real estate finance experience.

Karl Kreutziger has been promoted to president of C.W. Driver Companies, a premier builder serving the Western United States since 1919. Having served in leadership roles on behalf of C.W. Driver Companies for more than five years, 29-year industry veteran will take over the role of president for Dana Roberts, who will serve as CEO and chairman of the board. In this role, Kreutziger will be responsible for leading the overall direction of C.W. Driver Companies as well as spearheading project teams in the preconstruction and planning phases, and overseeing

The 17th annual Silicon Valley REALTORS® Scholars Program for graduating seniors from 18 public high schools in Silicon Valley is under way. The scholars program is sponsored by the Charitable Foundation of the Silicon Valley Association of REALTORS® (SILVAR), a professional trade organization representing over 4,500 REALTORS® and affiliate members engaged in the real estate business on the Peninsula and in the South Bay

Supervisor’s Patrick Kennedy, Phil Serna and Don Nottoli, the Sacramento County Department of Transportation (SACDOT), and Sacramento Housing and Redevelopment Agency (SHRA) are hosting a ribbon-cutting event to celebrate construction completion for the Old Florin Town Streetscape Improvement Project. The project includes various roadway improvements, and streetscape enhancements that help create an attractive pedestrian and bicycling friendly environment that will encourage and support new development along this corridor. 

Pending home sales in California continued to improve from a year ago with solid gains, which will position the market for a modest increase in home sales in 2016, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

The 2016 president, officers, directors and advisors of the Asian Real Estate Association of America Silicon Valley (AREAA SV) were formally installed on Wednesday at Club Auto Sport in San Jose. Representatives from SILVAR, neighboring REALTOR® associations and other real estate professionals in the Bay Area, including AREAA officials from other chapters around the country, attended the event and congratulated the 2016 AREAA Silicon Valley leadership.

Global real estate investment and services firm Kennedy Wilson has negotiated a 10-year retail lease for Yellow Fever, an Asian inspired fast casual restaurant serving healthy customizable bowls, at the Plaza Marina shopping center in Venice, California. Located at 2570 Lincoln Blvd., the 1,500-square-foot location marks the restaurant’s second location and official entry into the Los Angeles market.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Eric Vu negotiated the sale of Hammer Plaza, a 20,388-square-foot multi-tenant shopping center, for $1.4 million, well above the asking price. Hammer Plaza was 55 percent vacant at the time of the sale.

The latest Sotheby’s International Realty Greater Los Angeles Market Report reveals that Pacific Palisades more than doubled the number of luxury homes sold in the last quarter of 2015 versus the last quarter of 2014.

C.W. Driver, a premier builder serving the Western U.S. since 1919, has completed construction on the renovation and modernization of the East Tower Nursing Unit at Sharp Grossmont Hospital, located just east of San Diego in La Mesa, California. The $26 million project delivers facility upgrades local taxpayers approved on the June 2006 voter ballot. Construction on the 71,000-square-foot project began in May 2012 and completed in October 2015.

California pending home sales retreated in November primarily due to seasonal factors and delayed escrow closings caused by new loan disclosure rules, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

In a move that further revolutionizes its online real estate selling experience, Auction.com, LLC, the nation’s leading online real estate marketplace, today announces the launch of its Commercial Real Estate Seller Dashboard, a new tool created specifically to provide added intelligence and simplify the user experience for Auction.com customers.

The University of Southern California Sol Price School of Public Policy has launched a new Bachelor of Science in Real Estate Development degree, offering students the most comprehensive undergraduate real estate curriculum in the country

California existing home sales fell in November from both the previous month and year for the first time in nearly a year as low housing affordability extended into Southern California, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that the firm’s 69,000-square-foot medical office building located at 5900 State Farm Drive in Rohnert Park, Calif. has received the prestigious 2015 HREI Insights Award in the category of “Best Renovated or Repurposed Healthcare Facility.”

A Spanish-inspired live/work space has officially arrived with the announcement of “El Jardin,” a new building located in the historic Presidio neighborhood in downtown Santa Barbara. The four-story development at 819 Garden Street, which is co-listed by Sotheby’s International Realty and Hayes Commercial Group, is designed for the business owner or CEO seeking a professional office space and a private home all in one place

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 sale of a single-tenant Bank of America corporate ground lease in Palm Desert, Calif. The purchase price was $2,425,000

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 8,700-square-foot dialysis clinic in Fairfield, Calif. The purchase price was $5.15 million, representing a cap rate of 5.5%.

Planet Home Living meets the demand of distinguished home-buyers looking for what is often impossible to find: a sleek, modern new home in an established, amenity-rich area. Designed by national award-winning firm KTGY Architecture + Planning, PRISM will offer fifteen single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles.

Under the leadership of 2015 Global Business Council chair Mark Wong, a REALTOR® with Alain Pinel REALTORS® Saratoga, SILVAR’s global business council conducted a number of activities and education programs to raise members’ awareness of global business in their local market, including programs on China, Mexico, India and the Philippines, as part of its “Doing Business With” quarterly series. Also this year, SILVAR conducted its fourth Certified International Property Specialist (CIPS) Institute, attended by 31 REALTORS® from around the Bay Area, Southern California and Arizona.