California RealEstateRama

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families

Over the past 20 years, my career has afforded me the opportunity on many occasions to combine both my professional and personal passions. Professionally, I have a passion for policy and data analysis. Personally, I have a strong love for technology. I’m a “techie” at heart. During my tenure with the City of Philadelphia’s Office of Homeless Services

SAN FRANCISCO - February 3, 2015 - (RealEstateRama) -- Attorney General Kamala D. Harris, along with the U.S. Department of Justice and the attorneys general of eighteen states and the District of Columbia, today announced a settlement with Standard & Poor’s Financial Services LLC (S&P) and its parent company, McGraw-Hill Financial Inc., to resolve federal and state civil claims related to S&P’s conduct in inflating ratings of residential mortgage-backed securities and structured investment vehicle notes

WASHINGTON, D.C. - February 2, 2015 - (RealEstateRama) -- Mayor Edwin M. Lee today announced that the U.S. Housing and Urban Development (HUD) has awarded San Francisco $25.6 million in HUD’s Continuum of Care grants to fund 60 San Francisco-based organizations and a variety of housing and services including transitional and permanent supportive housing, rapid re-housing, street outreach, client assessment, and other services for families, victims of domestic violence, youth, and homeless veterans.

SAN RAMON, CALIF. - January 30, 2015 - (RealEstateRama) -- Meridian Property Company, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of The Atrium, a 74,000-square-foot professional office building located in Alameda County at 5776 Stoneridge Mall Road in Pleasanton, California. Meridian purchased the property from Los Angeles-based Downtown Properties in an off-market transaction. Simon Vogt of Lee & Associates-East Bay in Pleasanton represented Meridian. Downtown Properties was represented by Katherine J. Kelleher of CBRE in Oakland, Calif. The sales price could not be disclosed.

WASHINGTON, D.C. - January 28, 2015 - (RealEstateRama) -- Today, U.S. Representative Ed Royce (R-CA) will introduce the Pay Back the Taxpayers Act of 2015, legislation that prohibits Fannie Mae and Freddie Mac (GSEs) from diverting funds to the Housing Trust Fund and the Capital Magnet Fund in accordance with the Federal Housing Finance Agency’s (FHFA) interpretation of the Housing and Economic Recovery Act of 2008 (HERA)

Temecula, Calif. - January 16, 2015 - (RealEstateRama) -- MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of the Tuscany Ridge Apartments in Temecula, California.

LOS ANGELES, Calif. - January 07, 2014 - (RealEstateRama) - Commercial real estate investment banking firm George Smith Partners has successfully arranged a $36 million bridge-to-perm loan for client Far West Management for the renovation of its property, Villa Del Mar Apartment Homes, a Marina Del Rey-waterfront, 196-unit, four-building multifamily complex with 209 boat slips, located on a leasehold, according to George Smith Principal and Managing Director Steve Bram and Senior Vice President David Pascale.

Orange County, California - January 06, 2014 - (RealEstateRama) - Nominations are now open for the fourth annual SPIRE Awards, Orange County’s only commercial real estate industry awards program, which recognizes the achievements of men and women throughout Orange County. Nomination forms for the awards, which are due by Tuesday, January 20,

SAN RAMON, CALIF. - January 06, 2014 - (RealEstateRama) - Meridian Property Company, a full service real estate developer and owner of medical real estate, recently closed escrow on the sale of its last two remaining units at Meridian Professional Center in Bakersfield, Calif., a 63,776-square-foot, 11-building medical/office complex situated in Kern County developed and owned by Meridian. Colliers International of Bakersfield represented both the buyer and seller

SACRAMENTO - December 25, 2014 - (RealEstateRama) - The California Housing Finance Agency commented today on a decision by Standard & Poor's Rating Service to upgrade its rating on the agency's Multifamily Housing Revenue Bonds III from AA to AA

WASHINGTON, D.C. - December 25, 2014 - (RealEstateRama) -- A Northern California real estate investor pleaded guilty for his role in bid rigging and fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

FRESNO, CA - December 22, 2014 - (RealEstateRama) -- Rep. Jim Costa (CA-16) announced that the Fresno Housing Authority has been awarded $121,319 and the County of Merced Housing Authority has been awarded $79,981 to provide case management and rental assistance to homeless veterans. The Housing and Urban Development-Veterans Affairs Supportive Housing (HUD-VASH) program is jointly operated by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA). Since 2008, the HUD-VASH program has served nearly 75,000 veterans nationwide

LOS ANGELES - December 18, 2014 - (RealEstateRama) -- Slower price gains and the lowest interest rates in nearly two years did little to spur November home sales as low housing affordability and tight supply conditions remained obstacles to entering the market for would-be buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Pasadena, CA - December 17, 2014 - (RealEstateRama) -- At a press conference today, LA community leaders will release new data that has not previously been shared with the public about the amount of money the FDIC has paid to OneWest Bank under two controversial shared loss agreements. OneWest is part of a proposed, Too Big To Fail bank merger with CIT Group, a merger that over fifty organizations are opposing.

WEST COVINA, CALIF. - December 15, 2014 - (RealEstateRama) -- CBRE Senior Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of South Hills Plaza, a 120,589-square-foot community shopping center in the city of West Covina, CA. South Hills Plaza is anchored by Marukai Market and 24 Hour Fitness, along with national brand names and regional favorites including Taco Bell, Subway, USPS, and Charter Communication. The sale price was $20,695,000, representing a 6.8% cap rate

WASHINGTON, D.C. - December 12, 2014 - (RealEstateRama) -- U.S. Representative Ed Royce (R-CA) released the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement that it will divert money to the Housing Trust Fund and the Capital Magnet Fund pursuant to the Agency’s interpretation of the Housing and Economic Recovery Act of 2008 (HERA):

WASHINGTON, DC - December 11, 2014 - (RealEstateRama) -- Congressman John Garamendi (D-Fairfield, CA), a Member of the House Armed Services Committee, yesterday voted for the Clay Hunt Suicide Prevention for American Veterans (SAV) Act, H.R. 5059, important legislation to stem the epidemic of veteran suicide. The bill passed the House of Representatives and now moves to the Senate for consideration

WASHINGTON, D.C. - December 11, 2014 - (RealEstateRama) -- Today, U.S. Congressman Scott Peters (CA-52) continued his support for a long-term California water infrastructure vision and voted against H.R. 5781

SACRAMENTO, CA - June 17, 2014 - (RealEstateRama) -- The California Housing Finance Agency announced today a major program expansion to help more low to moderate income California families purchase homes.