California RealEstateRama
REP. PETE AGUILAR HOSTS ROUNDTABLE DISCUSSION WITH VETERANS
Today, Rep. Pete Aguilar (CA-31) hosted a roundtable discussion with veterans to discuss critical issues facing our veterans today, including health care, the VA backlog, housing, and unemployment. Local veterans, representatives from veterans’ organ...
KEEP YOUR HOME CALIFORNIA EXPANDS CRITERIA OF PROGRAMS TO HELP HOMEOWNERS ATTAIN AFFORDABLE MORTGAGE...
Keep Your Home California announced today changes to help more low and moderate income homeowners, who are struggling with their monthly mortgage payments, remain in their homes as part of the free mortgage-assistance program
Mayor Garcetti Launches “Save the Drop” Campaign
Mayor Eric Garcetti today launched a major, citywide water conservation outreach campaign – 'Save the Drop.' With the Mayor's executive directive on water conservation creating strong tools to reduce water use and address the drought, including a $3....
Mayor Launches L.A.’S First-Ever Sustainable City Plan
Sets targets and details actions in 14 categories to improve city's environment, economy and equity in anticipation of 500,000 more Angelenos by 2035; achieves progress by 2017 on issues like water conservation, clean energy, waste, green jobs, trans...
Garamendi Urges Immediate Action to Keep Communities Safe at Oil-By-Rail Press Conference with Federal...
Congressman John Garamendi (D-Fairfield, CA), the former Deputy Secretary of the U.S. Department of the Interior, hosted a press conference in Davis to urge the implementation of stronger safety standards for hazardous material transported by rail, esp...
Rep. Mark Takano Statement on March Air Reserve Base Receiving Department of Transportation Grant...
Rep. Mark Takano (D-CA) released the following statement after the Department of Transportation announced that March Air Reserve Base in Riverside, CA has been awarded a $2.5 million grant for infrastructure improvements
UNIRE GROUP LEADS CONSTRUCTION PROJECT, INDICATIVE OF CRE INDUSTRY TREND
Unire Real Estate Group is proud to announce its management of the rehabilitation of a 228,000-square-foot industrial building in Torrance, Calif. on the highly visible intersection of South Vermont Avenue and Knox Street, near the 110 and 405-freeways...
Liberty SBF Closes On $1.1MM SBA 504 Loan For a Hotel Acquisition in Palm...
Liberty SBF, a full-service commercial real estate finance company, recently provided a $1.1MM first lien SBA 504 Loan from its own balance sheet for the acquisition of a 24-room, 33,330 square-foot, non-flagged hotel in Palm Springs, CA. Liberty SBF a...
Hunt Mortgage Group Refinances a Multifamily Property Located in Fremont, California
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $17 million Fannie Mae loan facility to refinance a multifamily property located in Fremont, California.
Lee & Associates Negotiates the Sale and Lease Back of Industrial Building in San...
Lee & Associates-North San Diego County negotiated a $5.450 million sale and lease back of a 50,220-square-foot industrial building located at 495 Enterprise Street in San Marcos
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud...
Felony charges were filed today in the U.S. District Court of the Northern District of California in Oakland against Ramin Yeganeh of San Mateo, California.
McCarthy Statement on California Water Restrictions
“The current drought in California is devastating. Today’s order from the governor should not only alarm Californians, but the entire nation should take notice that the most productive agriculture state in the country has entered uncharted territor...
Intercontinental Real Estate Corporation and MG Properties Group Complete Largest Multifamily Acquisition in...
Intercontinental Real Estate Corporation (“Intercontinental”), a national real estate investment, development, and management firm headquartered in Boston, MA, and MG Properties Group (“MG”), a private San Diego-based real estate investor and o...
California Housing Finance Agency Announces New Program To Preserve and Create Affordable Multifamily Rental...
The California Housing Finance Agency (CalHFA) today announced the Conduit Issuer Program, a new program that helps affordable housing developers access tax-exempt and taxable bond funds to aid in the preservation and development of affordable housing ...
Rep. Peters, Labor Secretary Perez Highlight Local Organization Serving Homeless Veterans
U.S. Congressman Scott Peters (CA-52) and U.S. Secretary of Labor Thomas Perez toured the Homeless Veteran Reintegration Program at People Assisting the Homeless (PATH) in Downtown San Diego
J.C. Casillas Joins NAI Capital as Director of Research and Public Relations
NAI Capital, a member of the world’s premier managed network of commercial real estate firms, announced today that J.C. Casillas has joined NAI Capital as director of research and public relations for NAI Capital’s 14 offices in the Los Angeles, Or...
Hunt Mortgage Group Provides a Bridge Loan for the Acquisition of a Multifamily Property...
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $5.904 million portfolio bridge loan to finance the acquisition of a Patio Village Apartments.
5 California Cities Earn Berth in “Sweet Sixteen” for Solar Power
Five California cities—Los Angeles, San Diego, San José, San Francisco and Sacramento—have more solar panels than most major cities nationwide, according to a new report by Environment California Research & Policy Center. The solar stature o...
2nd Installment of Taxes to become delinquent
Amador County Treasurer-Tax Collector Michael E. Ryan is reminding property owners that they have until Friday, April 10, 2015 at 5 p.m., to make the second installment payment of their annual secured property taxes for the 2014-15 fiscal year. This de...
Pelosi Floor Speech in Opposition to the Republican Budget Proposals
Democratic Leader Nancy Pelosi delivered remarks today on the House floor in opposition to House Republicans’ “Work Harder for Less” budget proposals. Below is a transcript of the Leader’s remarks
Congresswoman Susan Davis Celebrates Naming of New Federal Courthouse Downtown
Congresswoman Susan Davis (D-San Diego) spoke at the naming ceremony of the new federal courthouse downtown. Davis played a central role in securing construction funding and working with the community on the name for the courthouse. The courthouse wil...
California State Parks Seeks Input for the Mount Diablo State Park Roads and Trails...
California State Parks will be hosting two open house meetings to receive comments from the public regarding the Draft Mount Diablo State Park Roads and Trails Management Plan (RTMP). The open house meetings will take place as follows
Chiang Announces Tax Credits to Construct More Than 1,800 New Affordable Housing Units
State Treasurer John Chiang today announced awarding tax credits and tax-exempt bonds to 16 affordable housing projects in 12 counties that will add approximately 1,815 rental units to the housing market. The affordable housing credits, valued at $319...
Average Energy Prices, Los Angeles-Riverside-Orange County, February 2015
Gasoline prices averaged $2.867 a gallon in the Los Angeles-Riverside-Orange County area in February 2015, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Richard J. Holden noted that area gasoline prices were down 94.5 cents ...
GOVERNOR BROWN SIGNS $1 BILLION EMERGENCY DROUGHT PACKAGE
Moving swiftly to help communities cope with California's devastating drought and the ongoing effects of climate change, Governor Edmund G. Brown Jr. today signed emergency legislation - AB 91 and AB 92 - that fast-tracks more than $1 billion in fundin...
CalHFA Awarded $450,000 to Provide Counseling for Struggling Homeowners Provides assistance to California homeowners...
The California Housing Finance Agency (CalHFA) today announced that it will receive more than $450,000 in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclosure.
Apartment Fire at 1086 Stanley Avenue in Long Beach
At 12:05 AM on the morning of March 26th 2015, Long Beach Fire Department units responded to reports of a structure fire at 1086 Stanley Avenue. At 12:07 AM, while on patrol in the vicinity of the reported location, the Long Beach Police Department’s...
Metro Approves Mayor Garcetti’s Directive on Affordable Housing & Small Business
The Metro Board today approved Mayor and Metro Chair Eric Garcetti’s motion to launch a multi-million dollar transit-oriented affordable housing and business development fund.
Garamendi Introduces Bipartisan GPS Backup Bill to Safeguard National Security, Economy & Public Safety
Congressman John Garamendi (D-Fairfield, CA), the Ranking Member of the House Transportation and Infrastructure Subcommittee on the Coast Guard and Maritime Transportation, introduced the bipartisan National Positioning, Navigation, and Timing (PNT) Re...
Lee & Associates Ontario Hires Retail Investment Specialist
The Ontario office of Lee & Associates, the largest broker-owned commercial real estate firm in the nation, has announced that Jonathan Selznick, a retail investment specialist who focuses on the acquisition and disposition of shopping centers in ...