Archives

Washington, DC - January 25, 2012 - (RealEstateRama) -- Yesterday, the House Judiciary Committee approved H.R. 1433, “The Private Property Rights Protection Act of 2011.” Introduced by Congressman James Sensenbrenner (R-WI) and Congresswoman Maxine Waters (D-CA), the legislation is intended to protect private property owners and communities from eminent domain abuse, and restore property rights that the Supreme Court changed in the controversial case, Kelo v. City of New London. In Kelo, the Court upheld the ability of the State and Federal government to transfer privately-owned property against the wishes of the owner to a large corporation, declaring that the resulting economic development would produce benefits to the community

LOS ANGELES, CA - January 25, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) Pending Home Sales Index dropped as expected between November and December, tracking the annual seasonal slowdown. However, the index was higher than a year ago for the eighth straight month, a trend that bodes well for the start of the spring home-buying season. C.A.R. also reported that sales of distressed properties increased in December, as lenders pushed to close REOs and short sales to move them off their balance sheets before the end of the year.

Claremont, CA - January 25, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the sale of, The Claremont Business Park, located at 240-260 S. York Place, 700 W. Wharton Drive, and 759 W. Arrow Hwy in Claremont, Calif. The transaction is valued at $8,775,000. Built in 1988, The Claremont Business Park consists of five single-tenant buildings and one multi-tenant building with a total square footage of 69,428 on 3.86 acres. The project is 100% leased.

January 24, 2012 - (RealEstateRama) -- Rick Foss sold a 34,768 SF industrial building at 78 E. Gray Road in Scottsdale for $3 million. Kyle Westfall of Cushman & Wakefield represented the seller, Rick Foss represented the buyer.

NEWPORT BEACH, CA - January 24, 2012 - (RealEstateRama) -- Mark Lucescu, President of Lucescu Realty, a market leading investment real estate services firm, announced today the sale of Promenade Corporate Center for $56 million. The transaction is the second, and final part, of the larger sale of Scottsdale Promenade in Scottsdale, AZ, for a total consideration of $166 million. The initial leg of the sale was during the third quarter of 2011, when the retail component was acquired for $110 million by Excel Trust of San Diego, CA. The closing today represented the office component of the property. Lucescu Realty again represented the seller, a local private investor, and procured the buyer, Excel Trust, a publicly-traded NYSE REIT.

EUGENE, OR - January 24, 2012 - (RealEstateRama) -- IDX, Inc. welcomes Kim Crawford and Village Properties to the growing network of real estate agents and brokers who have chosen to revolutionize their professional websites with the innovative IDX Broker software. As a member of Santa Barbra MLS (SBAOR), Crawford has long had the ability to scan SBAOR listings. Now, her clients have the same level of accessibility, thanks to her custom IDX solution. Finding the perfect Santa Barbara, California property online has never been easier!

EUGENE, OR - January 24, 2012 - (RealEstateRama) -- Fantastic Real Estate Broker Ikenna Exeude has collaborated with IDX, Inc. to deliver potential buyers a dynamic and simplified real estate resource. Searching for a home has never been easier for California home seekers, as the East Bay Reg Data MLS (EBRD) listings are now seamlessly integrated onto the search page Exeude hosts, giving buyers thousands of options to consider in their real estate search.

TUSTIN, CA - January 23, 2012 - (RealEstateRama) -- Gregory A. Fisher, President of Present Value Properties, Inc., a full service retail real estate brokerage and consulting firm headquartered in Tustin, Calif., announced today that Shannon Labowitz-Coleman has been named an Associate Broker. She will be responsible for managing and sourcing new retailer and landlord representation assignments. Present Value Properties exclusively represents a variety of chain retailers throughout Southern California including GoldMax, Menchie’s Frozen Yogurt, and Southern Pizza Hut. The firm currently has 650,000 square feet of retail space listed throughout Southern California.

TUSTIN, CA - January 20, 2012 - (RealEstateRama) -- Present Value Properties, Inc., a full service retail real estate brokerage, and consulting firm headquartered in Tustin, Calif., announced today that a Menchie's franchisee signed a lease for 1,427 square feet at Culver Plaza in Irvine, Calif. Present Value Properties is Menchie's exclusive real estate representative in Southern California

EUGENE, OR - January 19, 2012 - (RealEstateRama) -- IDX, Inc. is pleased to announce Bruce Slaton of eCurb Realty, Inc. has chosen to employ the powerful and innovative IDX Broker software on his professional website. As a member of the South Tahoe MLS (STAR), Slaton, like many other real estate agents and brokers, can search through thousands of Elk Groce, California listings. Now, clients of Slaton can experience the same accessibility and ease when scanning STAR properties, all on the convenient real estate website and search page Slaton hosts.

EUGENE, OR - January 19, 2012 - (RealEstateRama) -- Finding a home online just became monumentally easier for Windsor, California home seekers, thanks to the recent partnership between IDX, Inc. and Broker Joe Henderson. As a dedicated and seasoned real estate broker, Henderson has once again proven his professionalism and famous client service by enabling IDX Broker on his website. Bay Area Real Estate Info Services MLS (BAREIS) listings are now seamlessly displayed on Henderson’s website through his custom IDX solution, which extracts raw listings data directly from the BAREIS.

IRVINE, CA - January 18, 2012 - (RealEstateRama) -- Keystone Pacific Property Management, a leading community association management company providing professional management services to community associations throughout Southern California, has been selected to manage Chaparral, a 124 single family home community in Escondido, California, adding to Keystone Pacific’s growing San Diego management portfolio. Keystone Pacific will be assisting the board of directors with the daily management operations of the community as well as developing and maintaining a new website for Chaparral.

LANCASTER, CA - January 18, 2012 - (RealEstateRama) -- Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, in concert with its investment partner, U.S. Bancorp Community Development Corp., has placed $16.15 million of its New Markets Tax Credit (NMTC) allocation with a subsidiary of InSite Development of Woodland Hills, Calif. The NMTC funds will be used to redevelop four properties along the new Lancaster Promenade, now known as The BLVD, in downtown Lancaster, Calif.

Torrance, CA - January 17, 2012 - (RealEstateRama) -- Lee & Associates, one of the nation’s leading commercial real estate providers with regional expertise, has completed a 10-year lease for a 125,000-square-foot industrial space located at 16930 Valley View Ave. in La Mirada, Calif

Torrance , CA - January 17, 2012 - (RealEstateRama) -- Lee & Associates, one of the nation’s leading commercial real estate providers with regional expertise, has closed a $7 million sales transaction for a 105,680-square-foot industrial property located at 16804-16808 Gridley Place in Cerritos, Calf

EUGENE, OR - January 17, 2012 - (RealEstateRama) -- IDX, Inc. is pleased to announce Fermin Vasquez, as the latest real estate broker to sync a custom IDX solution to his professional website. As the newest subscriber to the amazing IDX Broker software, Vasquez now hosts a dynamic real estate search page and thousands of Central Coast Regional MLS (CCRMLS) property listings online. This innovative IDX solution extracts raw listings data from MARIS and seamlessly integrates it onto the New Alliance Realty website Vasquez hosts, creating a comprehensive database of Santa Maria, California area property listings for home seekers to search.

EUGENE, OR - January 17, 2012 - (RealEstateRama) -- IDX, Inc. is pleased to welcome the real estate expertise of Daniel Winkler of Daniel Winkler Inc to the growing network of realty professionals dedicated to serving the needs of their clients. Luxury home seekers can now experience an unprecedented level of accessibility to thousands of Bay Area Real Estate Information Systems (BAREIS) listings, on Winkler’s convenient and easy-to-use IDX-enabled website. As the raw listings data of BAREIS properties is now extracted and seamlessly integrated into the search functions Winkler hosts, IDX Broker has forever changed the way Albany, California area home seekers access the BAREIS database and find the perfect property online.

IRVINE, CA - January 16, 2012 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that KTGY Principal and thought-leader, Rohit Anand, AIA, NCARB, will take an active role in shaping future multifamily development by sharing his expertise at the 2012 National Multihousing Council (NMHC) Annual Meeting, held January 17-19, 2012, at the Boca Raton Resort & Club in Boca Raton, Fla. The NMHC Annual Meeting is the largest gathering of the year where NMHC members come together to network with their colleagues.

Torrance, CA - January 16, 2012 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the closing of two notable acquisitions: one for a loan portfolio with residential assets located throughout South Carolina and a separate note purchase on a high profile subdivision in the North Hills section of Raleigh. In total, MREC acquired approximately 150 performing and non-performing loans totaling over $100 million in loan balance. The loans are secured primarily by residential development properties in Raleigh, N.C., and the Charleston, Myrtle Beach, Hilton Head and Kiawah Island areas of South Carolina.

LOS ANGELES, CA - January 16, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced it has entered into an affinity partnership with Guardly, a leading provider of mobile personal safety applications, to provide a smartphone app that helps REALTORS® stay safe on the job.