Archives

SANTA MONICA, CA - February 24, 2012 - (RealEstateRama) -- Morley Builders is celebrating its 65th anniversary by opening a new eco-friendly office, demonstrating its commitment to the City of Santa Monica and sustainable construction.

IRVINE, CA - February 23, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Kevin T. Fryman represented the seller in the sale of a single-tenant NNN leased investment, La Barca Restaurantes, a 3,664-square-foot restaurant in Pico Rivera, Calif., offering authentic, fresh-made Mexican food. The purchase price was $1,400,000, which represented a cap rate of 6.50%. The tenant has 7 years remaining on the lease.

Jacksonville, FL - February 22, 2012 - (RealEstateRama) -- CBRE announced today the expansion and renewal of term life insurance broker, SelectQuote, at 701 San Marco Boulevard for 15,231 square feet. CBRE negotiated the transaction on behalf of the landlord

Irvine, CA - February 22, 2012 - (RealEstateRama) -- Keystone Pacific Property Management, a leading community association management company providing management services to community associations throughout Southern California, has promoted Sean Fitzpatrick from Associate Community Association Manager to Community Association Manager. Fitzpatrick is based in the Irvine office and has been a member of the team since 2006.

Torrance, CA - February 21, 2012 - (RealEstateRama) -- Lee & Associates, one of the nation’s leading commercial real estate providers with regional and local expertise, has closed a $9 million sale transaction for a 47,411-square-foot industrial property located at 25 E. Mason Street in Santa Barbara, Calif. At $190 per-square-foot, the building is less than a quarter mile from the city’s pristine waterfront.

EUGENE, OR - February 21, 2012 - (RealEstateRama) -- IDX, Inc. welcomes Monika Zakaryan to the growing network of agents and brokers who have chosen IDX Broker software, as a way of revolutionizing their real estate websites. Glendale, California properties can now be found on one convenient IDX enabled website, that of Zakaryan, where they can search quickly and easily for their dream home. As a member of the California Real Estate Technology Services MLS (CARETS), Zakaryan has long had access to thousands of detailed property listings on the CARETS. Now, her clients can experience unprecedented access and ease during the online search, with the IDX solution Zakaryan hosts.

IRVINE, CA - February 20, 2012 - (RealEstateRama) -- KTGY Group, Inc., Architecture + Planning, is pleased to announce its latest achievements in home design excellence. Primera Terra community has been honored by the National Association of Home Builders (NAHB) with a 2012 Best in American Living Award (BALA) Platinum award in the category of Neighborhood Design. The landmark LEED Platinum certified project, one of the largest in California, is built by KB Home (NYSE: KBH) and is comprised of 52 luxury for-sale condominium homes in Playa Vista, Calif.

EUGENE, OR - February 20, 2012 - (RealEstateRama) -- With new clients added daily, IDX, Inc. announces the latest real estate professional to adopt the customizable IDX Broker software: Studio City, California Realtor Matt Epstein. Agents and brokers alike can experience an unprecedented level of access to California Real Estate Technology Services (CARETS) listings with the newly IDX enabled website Epstein hosts. His IDX solution gives Epstein the ability to seamlessly integrate thousands of listings onto his search page, revolutionizing the way potential buyers search for and find properties online.

LOS ANGELES, CA - February 17, 2012 - (RealEstateRama) -- In a continuing effort to reduce consumers’ costs associated with purchasing a home, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is sponsoring Assembly Bill 1711, which will clearly define what constitutes an energy efficiency retrofit that would “unreasonably or unnecessarily” affect a home purchase.

LOS ANGELES, CA - February 15, 2012 - (RealEstateRama) -- California home sales declined from both the prior month and year in January, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The median price also was lower, primarily due to a sales increase in the distressed market

SOUTHERN CALIFORNIA, - February 15, 2012 - (RealEstateRama) -- Voit Real Estate Services has directed seven transactions in Southern California totaling 277,845 square feet for a total consideration of $11.2 million.

IRVINE, CA - February 15, 2012 - (RealEstateRama) -- Sperry Van Ness / SVN Management, Inc. held its quarterly Broker Forum event on January 31, 2012 at The Pacific Club in Newport Beach, Calif. With more than 150 guests in attendance, the free, networking event attracted brokers from various companies who shared their listing inventory with fellow attendees.

Panorama City, CA - February 15, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization has completed the sale of a 11,481 square-foot retail building located at 14600 Roscoe Blvd., Panorama City, Calif. The transaction is valued at $2.575 million.

SAN LUIS OBISPO, CA - February 14, 2012 - (RealEstateRama) -- On Monday, February 13, 2012, San Luis Obispo celebrated the grand opening of The Village at Broad Street Family Apartments, a development by ROEM Corporation, in collaboration with the City of San Luis Obispo. The grand opening was held at 2:00 p.m. at 2240 Emily Street in San Luis Obispo.

WASHINGTON, D.C. - February 13, 2012 - (RealEstateRama) -- USAA Real Estate Company announces the acquisition of 26 acres of land in Moreno Valley, California for the immediate development of a 522,772 square foot, state-of-the-art distribution center. Southern California-based Overton Moore Properties will act as developer for the project. Millie and Severson, Inc. will serve as contractor and the architect on the project is HPA, Inc.

Orange County, CA - February 13, 2012 - (RealEstateRama) -- Voit Real Estate Services’ San Diego office has successfully directed the sale of Mare Altura Villas, a partially completed, ten-lot residential development in Dana Point, Calif. for a total consideration of $2.85 million. The property consists of three partially finished homes and seven finished lots, according to Tony O’Neill, Vice President in Voit’s San Diego office.

Downey, CA - February 13, 2012 - (RealEstateRama) -- Heslin Becker Properties, a privately owned retail real estate investment and development firm, has completed the re-development and $8.1 million sale of a new Walgreens in Downey, Calif.

Irvine, CA - February 9, 2012 - (RealEstateRama) -- Keystone Pacific Property Management, a leading community association management company providing management services to community associations throughout Southern California, welcomes Teresa Duhoux to its team as a community association manager based out of the Irvine office. Duhoux will be managing a mixed portfolio of community associations, including condominiums and single-family home communities, throughout Southern California.

South Pasadena, CA - February 9, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the sale of a 13,324-square-feet property located at 601 Meridian Ave., South Pasadena, Calif. The transaction is valued at $3.670 million.

Torrance, CA - February 9, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $12 million sale consisting of two industrial buildings located at 11161 Slater and 17375 Mount Herrmann in Fountain Valley, Calif. With both properties totaling 113,857 square feet, the transaction amount is one of the largest in Orange County this year.