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The Department of Justice announced that an Orange County, California, man pleaded guilty in U.S. District Court in Santa Ana, California, for his role as the sales manager of a multi-million dollar fraudulent mortgage modification scheme

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Senior Vice President Kevin Fryman completed the sale of Ukiah Crossroads, a 98%-occupied, 106,460-square-foot grocery-anchored shopping center located in Mendocino County, Calif. The purchase price was $15.1 million

On Wednesday, June 29, 2016, the County of Monterey celebrated the grand opening of Camphora Apartments, a development by Eden Housing and South County Housing, in partnership with the County and the City of Soledad. Camphora Apartments is located at 32101 McCoy Road, Soledad, CA 93960

Jordan Rubinstein and David Pressberg, two influential commercial real estate professionals in Los Angeles, have joined the brokerage team at Kennedy Wilson, a global real estate investment company. Previously with Century Park Realty, the move expands Kennedy Wilson’s foothold on the tenant representation side, and lengthens the firm’s list of nationally recognized clientele and expanding brands. The team will relocate to Kennedy Wilson headquarters in Beverly Hills.

SILVAR’s fifth Certified International Property Specialist (CIPS) Institute at SILVAR took place this week with 17 students registered. The students, many of whom are SILVAR members, hail from the San Francisco Bay Area and Canada, and from different cultural backgrounds. Many are well-traveled and eager to learn more about the international real estate market and how to grow their global business.

Building on April’s gain, California pending home sales continued to rebound on a year-to-year basis, as listings increased, primarily in seven of nine Bay Area counties, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

With the near completion of 200 new, affordable housing homes, the $46 million Charlotte Park Apartments in San Jose, Calif., is a great example of ROEM’s expertise in building a high quality affordable residential rental community located within a market-rate development. In this case, ROEM Corp. satisfied most of the affordable housing requirement of the Hitachi master-planned community, with ROEM Builders, Inc., acting as both general contractor and construction manager.

Statewide median home price continues to climb; above $500,000 for second straight month - Existing, single-family home sales totaled 410,090 in May on a seasonally adjusted annualized rate, up 0.6 percent from April and down 3.2 percent from May 2015.

Global real estate investment company Kennedy Wilson has represented the seller in the approximately $37 million sale of the San Fernando Building in the Old Bank District section of the Historic Core in Downtown Los Angeles. Originally built in 1907 as one of the city’s most coveted office buildings, the approximately 89,500-square-foot building was remodeled in 2000 to accommodate 70 large, loft-style multifamily units in addition to approximately 11,500 square feet of ground floor retail and restaurant space. The seller was Los Angeles-based Gilmore Associates and the buyer is MWest Holdings.

Current renters value homeownership and want to buy a home but many are encountering affordability and financial obstacles that prevent them from buying, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 Renter Survey.”

IRVINE, CALIF. - (RealEstateRama) -- International award-winning firm KTGY Architecture + Planning today unveiled the design for Vintage Real Estate’s retailer expansion at SouthBay...

CBRE Executive Vice President Philip D. Voorhees and Jimmy Slusher announced today that the National Retail Investment Group – West (NRIG-West) team completed the sale of The Terrace, a two-level, 39,634-square-foot shopping center with structured parking in the city of Newbury Park, Calif. Leased to a complementary mix of 12 restaurant, retail and athletic-focused uses, tenants at The Terrace include: Orangetheory Fitness, Hot Yoga 1000, Road Runner Sports, Bottle and Pint, and others.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Senior Vice President Kevin Fryman represented the buyer and seller in the sale of Seven Trees Shopping Center, a 150,338-square-foot Target-anchored shopping center in San Bernardino, Calif.

Senate Bill 1150, a bill to protect widows, widowers and other heirs from unnecessary foreclosures, passed a key hurdle today when it was voted out of the Senate on a vote that was not without drama. Amidst intense industry lobbying pressure and after appearing to go down to defeat for failing to secure sufficient votes yesterday, the bill secured the needed 21 votes today.

Mayor Edwin M. Lee today announced a $411.3 million proposed two-year capital budget to invest in San Francisco’s future. This record investment continues Mayor Lee’s strong commitment to improving San Francisco’s infrastructure and continuing to follow the good government recommendations of the Capital Planning Committee. The investments included in the proposal will make the City more resilient, safer, and more livable. It addresses critical public safety projects, makes big investments to address growth, and takes care of existing infrastructure.

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds a “build by right” proposal by Gov. Jerry Brown that would create a voluntary permit streamlining approval process for developers to use.

Led by the Central Valley, California statewide pending home sales reversed a three-month decline and posted higher in April, but a persistent shortage of homes for sale may dampen the upcoming spring homebuying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Progressive Real Estate Partners and Hanley Investment Group announced today the for-sale listing of Thomas Winery Plaza, a 99,808-square-foot historic landmark shopping center for $28.6 million ($287 psf). The center is located at the northeast corner of Foothill Blvd. (Historic Route 66) and Vineyard Avenue in Rancho Cucamonga, Calif., and is the site of California's oldest winery established in 1839.

Oceanwide Plaza, LLC officially launches “The Collection at Oceanwide Plaza” brand in downtown Los Angeles today, with the unveiling of its leasing website, CollectionAtOceanwide.com, for the development’s retail and restaurant complex currently under construction. Global real estate company Kennedy Wilson serves as the exclusive leasing agent for Oceanwide Plaza’s 153,000 square feet of retail, which is part of the $1 billion mixed-use project developed by Beijing-based Oceanwide Holdings Co Ltd. The leasing website debuts The Collection through a 3-D animated, fly-through video, offering new details of the project, which is scheduled for completion in 2018

While sales remained above the 400,000 benchmark level, California existing home sales fell from the previous year in April as tight housing inventory continues to impede the housing market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. April marked the second worst start to a spring home-buying season since the housing recovery began in 2009.