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U.S. Representative Jeff Denham (R-Turlock) today testified before the Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings and Emergency Management on ongoing efforts to improve the management of federal properties and eliminate inefficiencies in government spending.

Meta Housing Corporation has announced the completion of the Cabrillo Family Apartments, a 44-unit, mixed-used, affordable/workforce family apartment community in Torrance, California.

Tony Francois, Senior Staff Attorney with Pacific Legal Foundation (PLF), issued this statement today after the California Supreme Court issued an adverse ruling in PLF’s challenge to San Jose’s “Inclusionary Housing Ordinance” — a law that imposes a significant financial penalty on the providers and purchasers of new homes

California home sales softened in May, but the housing market momentum continued to be solid as the spring home-buying season marked higher year-over-year home sales and prices for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Senior Vice President Marie Taylor with NAI Capital negotiated a 10 year lease on behalf John Moran Auctioneers, Inc. at 145 E Walnut Avenue in the city of Monrovia, Calif. The 17,082 square foot industrial warehouse built in 1997 will serve as the new corporate headquarters of John Moran Auctioneers which has been in business since 1969.

NAI Capital is pleased to announce that Executive Vice President Tom Nguyen represented KO's HB Medical Building, Inc., in the sale of 17752-17762 Beach Boulevard in Huntington Beach, Calif. The $7.8 million sale included a 19,288 square foot surgery center, a 29,398 square foot medical office building and a 4 level parking structure on 1.8 acres of land. The buyer was Blue Sky HB, LLC.

Hunt Mortgage Group, a commercial real estate lender, announced today that it has refinanced an eight-property portfolio in California for a total investment of $160 million. The properties were all refinanced using Fannie Mae Choice Refinance facilities and carry a ten-year term amortizing over 30 years.

Zephyr Real Estate is pleased to announce the addition of Rick Stern to the fast growing team at its all-new Marin office in Greenbrae. He is a long-time top-producing Residential Real Estate Specialist who has made his home in Marin County for more than 35 years.

On Tuesday, June 2, 2015, over sixteen brokers and support staff from LIV Sotheby’s International Realty, teamed up with Extreme Community Makeover (ECM) volunteers to landscape one of the brokerages’ largest hands on landscaping projects in company history.

“We are thrilled to have Leisa Sollenberger as part of our team,” said Katie Williams, managing broker, LIV Sotheby’s International Realty, DTC. “She is a true professional with vast experience in the new construction arena as well as resale homes. Her focus on providing customer service at the highest level makes her a perfect fit for the LIV Sotheby’s International Realty brand.”

Senior Vice President Steve Heri and Vice President Steve Gim, both with NAI Capital represented Newport Coast-based investor El Rey Properties, LLC in their purchase of a single-story 59,909 square foot former Mervyn's building at Ridgecrest Town Center. The seller was China Lake 700, LLC. The purchase price totalled $5.8M or $97.44 per square foot.

Jenn Pfeiffer, Marin local and long-time REALTOR, has joined the growing roster at Zephyr Real Estate’s all-new Marin office in Greenbrae. She brings an extensive background in residential real estate, marketing, real estate appraisal and the management of investment properties.

Todd Renfrew, broker and owner of California Outdoor Properties, represented the buyer in the sale of an historic turn of the century ranch at the base of Bennett Mountain andAnnadel State Park. The property was listed at $7,750,000 and includes an established winery and equestrian facilities.

City Attorney Dennis Herrera has sued San Francisco landlord Anne Kihagi for an egregious pattern of unlawful business practices that includes waging "a war of harassment, intimidation, and retaliation" against tenants to force them from their rent-controlled homes. Once vacated, according to Herrera's complaint, Kihagi offers the apartments to new tenants at substantially higher rents

NAI Capital is pleased to announce that Senior Associate Matt Ehrlich arranged an 11 year lease on behalf Excel Studios at 9310 Topanga Canyon Boulevard in the city of Chatsworth, Calif. Ehrlich also represented the landlord Jamad Enterprises, LLC. The 8,756 square foot lease transaction was valued at $1.7 million.

With the California housing market continuing its upward trend, pending home sales registered their fifth straight annual gain, with the last three months being in the double-digits, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today hailed the defeat of Senate Bill (SB) 364 (Leno) in the State Legislature this week. The bill would have eliminated property rights protections for owners of rental property and significantly discouraged efforts to create new rental housing in the city and county of San Francisco

Thursday, June 04, 2015– Senior vice presidents John Bosko and Bob Bush, both with NAI Capital represented Michigan-based Charles J. Long Trust in the disposition of Laguna Hill Medical Arts Building B, a single two story medical office building located in the Laguna Hills/Aliso Viejo submarket of Orange Country, CA. The project is just 2 blocks from the Saddleback Memorial Hospital and just outside gate 4 of Leisure World Laguna Woods. Occupancy was 86% at the time of sale.

National commercial real estate investment banking firm George Smith Partners has named three new Principals for the firm. The three new Principals, Bryan Shaffer, Jonathan Lee and Shahin Yazdi, join the firms existing Principals Steve Bram, Gary E. Mozer, David Rifkind, Gary M. Tenzer and Malcolm Davies

Mariko Beaver has joined NAI Capital’s Orange County office as senior vice president bringing with her 15 years of experience in medical office leasing and sales. With having completed over $500 million in transactions, she will continue to focus on the medical office market servicing clients throughout the Southern California region