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Monday February 13, 2012

California Real Estate Market News

California Real Estate Agents | California Homes for Sale | California Housing Resources | California Real Estate News
02/10/2012 - Investment Capital Real Estate Sells 16 Unit Apartment Building in Anaheim, Calif.
  • All cash, private local Orange County buyer, 30 day close.Irvine, CA (PRWEB) February 10, 2012 Investment Capital Real Estate, a Southern California investment real estate brokerage firm specializing in the sale of multifamily properties, announced today that Ignacio Diaz Jr., President of Investment Capital Real Estate, represented the buyer in the sale of a 16 unit apartment building in ...

  • 02/12/2012 - Furry friends face hassles of modern travel, too
  • The once-loved Pet Airways, created by a California real estate developer, has run into trouble, stranding cats and dogs and leaving their unhappy owners holding the leash.

  • 02/10/2012 - How Will the $26B Bank Settlement Help L.A.?
  • Five of the nation’s largest banks agreed to a $26 billion settlement to retroactively reimburse homeowners affected by the mortgage crisis. California will get $18 billion of those funds, but real estate...

  • 02/09/2012 - Three Bay Area real estate investors to plead guilty in foreclosure auction fraud
  • Three Northern California real estate investors have agreed to plead guilty for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Contra Costa County.

  • 02/10/2012 - On Air Now
  • (WASHINGTON) -- Three real estate investors from Northern California have plead guilty to charges of conspiracy to rig bids and commit mail fraud at public real estate foreclosure auctions.

  • 02/09/2012 - Analyst: Home prices will be last to recover
  • Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call "Thursday Morning Quarterback." Here's his latest installment. ...

  • 02/08/2012 - Famed financial expert, writer to speak at Southern California real estate meeting
  • POMONA - Robert Stowe England, an author and financial journalist who has specialized in writing about financial institutions, financial markets, retirement income issues and population aging, will be a featured speaker at fourth-quarter luncheon meeting of the Real Estate Research Council of Southern California.

  • 02/08/2012 - Passco Closes Complex $25M Refi of Hanford Mall
  • Join the thousands of real estate professionals that subscribe to the California AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market intelligence and a daily business advantage.

  • 02/07/2012 - Investors buy West Volusia retail property
  • A California-based real estate investment company has bought the land and building leased by Office Depot here, but the store remains open.

  • 02/05/2012 - State asks homeowners to stop deducting some taxes
  • The California Franchise Tax Board is leaning on taxpayers and tax preparers to start complying with a widely ignored law that prevents property owners from deducting certain real estate taxes on their income tax...

  • 02/02/2012 - Analyst: Obama housing plans will not help
  • Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call "Thursday Morning Quarterback." Here's his latest installment. ...

  • 02/01/2012 - Pearson Realty to merge with Retail California
  • Fresno commercial real estate firms Pearson Realty and Retail California are merging, the companies announced Wednesday.

  • 01/31/2012 - 12% of agents lost property to foreclosure
  • A new survey taken for title insurer Entitle Direct of 290 Southern California agents - and 800-plus nationwide - found deep financial pain for many real estate salespeople.The survey says: 12 percent have lost their own property to foreclosure during the housing downturn - a roughly 1-in-8...

  • 01/31/2012 - Hilton & Hyland Marketing Los Angeles Luxury Homes via Youku, the ‘Chinese Version of YouTube’
  • The Beverly Hills, California-based luxury real estate firm of Hilton & Hyland has developed an innovative way to connect with homebuyers in China looking to purchase luxury re

  • 01/30/2012 - Villages was top home seller in U.S. last year, real estate firm says
  • The Villages, the giant active-adult community northwest of Orlando, was the top-selling master-planned community in the nation last year, according to a report released last week by a California-based real estate research firm.

  • 01/26/2012 - Analyst: Foreclosures get gobbled up
  • Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call "Thursday Morning Quarterback." Here's his latest installment. ...

  • 01/25/2012 - County recorder plans to place real estate records online
  • LISBON - A California-based company that provides data to the mortgage and loan industry is offering to make all real estate records available online, a move that could expedite the backlog of oil and gas leases that need processed.

  • 01/25/2012 - Disclosing the many homes in the life of Mitt Romney
  • GOP presidential contender Mitt Romney has been no stranger to high-end real estate, having owned properties in Massachusetts, Utah, New Hampshire and California.

  • 01/24/2012 - 1 in 5 gave up real estate license
  • California has 21% fewer people holding a real estate license than it did five years ago when the tally peaked at just under 550,000 licensees, state figures show.That's equivalent to one out of every five license holders at the peak giving up their California real estate licenses, or...

  • 01/24/2012 - Andre Agassi to celebrate Philly charter school
  • Tennis great Andre Agassi and officials of a California real estate company created an unusual joint venture last year to help successful charter schools find affordable and sustainable buildings.

  • 01/19/2012 - Calpers Selling part of Land holdings
  • The California Public Employees’ Retirement System is selling its interests in 28 housing developments, about one-fifth of its residential real-estate portfolio, as the $226.5 billion fund reduces its property holdings, a spokesman said.

  • 01/19/2012 - Analyst: Small uptick in Calif homebuying
  • Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call "Thursday Morning Quarterback." Here's his latest installment. ...

  • 01/19/2012 - Helen Pastorino Announces Real Estate Firm Pertria to Expand Into Former Zynga Los Gatos Office Space
  • LOS GATOS, CA-- - Helen Pastorino, president and founder of real estate investment firm Pertria in Los Gatos, California, announces the expansion and office re-location of her firm to a space that is more ...

  • 01/19/2012 - Report finds optimism about commercial real estate
  • As markets for office and industrial space improve, California commercial real estate developers and their bankers are growing hopeful, the Allen Matkins UCLA Anderson Forecast finds. California commercial real estate developers and their bankers are growing optimistic about their industry's prospects, a report said.

  • 01/17/2012 - Investors flood Southern California housing market in December
  • A record number of investors and second-home buyers flooded the Southern California real estate market in December, though not enough to give sales in the region a bump over the same month a year earlier.

  • 01/17/2012 - Calpers Is Selling One-Fifth of Land Portfolio to U.S., Japanese Builders
  • The California Public Employees’ Retirement System is selling its interests in 28 housing developments, about one-fifth of its residential real-estate portfolio, as the $226.5 billion fund reduces its property holdings, a spokesman said.

  • 01/16/2012 - Apple co-founder Wozniak sings praises of Android phones (but still loves his iPhone)
  • When Steve Wozniak asks Siri for the five biggest lakes in California, the voice-activated virtual assistant (aka Siri) on the iPhone 4S comes back with real estate listings. This is one of the reasons the Apple co-founder has been talking up Android, an OS that for him often performs better than Apple's iOS.

  • 01/15/2012 - Universal City office tower landlord gets $355-million infusion
  • Normandy Real Estate Partners completes a recapitalization of the 10 Universal City Plaza building and says it plans to buy more property in Southern California. One of the country's largest office landlords has completed a $355-million recapitalization of its Universal City office building and said it intends to buy more property in Southern California.

  • 01/13/2012 - LTC Senior Management to Participate in the 2012 Stifel Nicolaus Senior Housing & Healthcare Real Estate Conference
  • LTC Properties, Inc. announced today that senior management will participate in the 2012 Stifel Nicolaus Senior Housing & Healthcare Real Estate Conference in Dana Point, California.

  • 01/11/2012 - Oakland commercial real estate developer appointed to Lottery Commission
  • California Gov. Jerry Brown on Wednesday appointed Oakland commercial real estate developer Phil Tagami to the California Lottery Commission.

  • 01/11/2012 - Limoneira Expands Productive Agriculture Property By 20%
  • On January 6, 2012, Limoneira Company , a leading agribusiness with prime agricultural land and operations, real estate and water rights in California, entered into a series of leases for the Sheldon Ranches, which consist of approximately 1,000 acres of productive agriculture property in the San Joaquin Valley of California.

  • 01/10/2012 - Brown to scrap real estate licensing agency
  • The California Department of Real Estate would be eliminated and its functions transferred to the state Consumer Affairs Department under Gov. Jerry Brown's 2012-13 budget proposal unveiled Thursday, the

  • 01/09/2012 - Firm upbeat about S. Fla. home prices in 2012 | Poll
  • The nation’s home prices should continue to stabilize in 2012, according to a California-based real estate research company that’s bullish on Florida in particular.

  • 01/09/2012 - Report: Orlando to lead nation in 2012 house-price gains
  • A California real-estate research firm has forecast that Orlando will lead the nation in 2012 for home-price gains, according to a report released Tuesday by Clear Capital.

  • 01/07/2012 - Economist eyes 5% home-price drop
  • Christopher Cagan is a veteran Southern California real estate economist.He's our 19th guest for...

  • 01/04/2012 - Industry Icon Alain Pinel Joins Intero Real Estate Services
  • Alain Pinel, the renowned real estate entrepreneur whose name is on the façade of a leading national real estate company, has returned to Northern California and will serve as senior vice president and managing officer of Intero Real Estate Services,…

  • 01/03/2012 - Really? 2011's most oddball real estate news
  • Real estate news and views from around the globe that make you go, "Really?"Remember the TV producers who shot a cannonball through a California home? Or the house in Wales that looks like Hitler's...

  • 01/02/2012 - Realtors launch Spanish-language property search website
  • In an effort to meet the needs of Spanish-speaking home buyers in California, the California Association of Realtors has launched Sucasa.net ( www.sucasa.net ), a Spanish-language property search website.

  • 01/02/2012 - Sell your condo at auction? It just may be your best option
  • Once a popular selling method in California, non-distressed ResidentialAuctions are showing up here in Florida. The recent Auction Sale of two Golden Beach mansions sold in tandem set the local real estate market talking. The sellers decided to auction their properties at an Absolute Auction, which means the properties would be sold to the highest [...]

  • 12/29/2011 - Analyst: No doomsday scenario for economy
  • Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call "Thursday Morning Quarterback." Here's his latest installment. ...
  • 12/27/2011 - Voit To Grow NorCal Asset Management Portfolio
  • SACRAMENTO- Voit Real Estate Services has hired Susan Doris as an asset manager in its Sacramento office, a move made to “increase the company’s asset services business in Northern California and Reno,” according to Kevin Sheehan , managing director of Voit’s Sacramento office.

  • 12/22/2011 - Crossing the aisle
  • Democratic donor and California real estate tycoon Angelo Tsakopoulos’ daughter, Chrysanthy, is tying the knot with Republican politician and former S.E.C. enforcement attorney...

  • 12/23/2011 - Peregrine Buys $34M Asset, Sees Upside Potential
  • Join the thousands of real estate professionals that subscribe to the California AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market intelligence and a daily business advantage.

  • 12/21/2011 - Enforcement Agencies Continue to Fight Loan Modification, Mortgage Relief, and Foreclosure Rescue Scams
  • The California State Department of Real Estate and other law enforcement agencies have alerted and continue to warn consumers to be wary of promises for loan modification, mortgage relief, and foreclosure rescue as scammers continue to prey on vulnerable, financially stressed homeowners.

  • 12/20/2011 - Manulife Purchases Three North American Office Properties for $555 Million
  • Manulife Financial Corp. (MFC) ’s real estate division bought three office properties in New Jersey, California and Canada for about $555 million as it boosts its holdings in North America.

  • 12/19/2011 - CT Realty’s Robert Campbell Passes Away
  • ALISO VIEJO, CA- Robert M. Campbell , one of the most influential leaders in the California commercial real estate industry for more than four decades, passed away on Dec. 15, 2011, in Newport Beach, CA. Campbell founded CT Realty Corp.

  • 12/17/2011 - Calif. broker gets 15 years for real estate scheme
  • A Southern California broker has been sentenced to 15 years in state prison for stealing nearly $7 million from investors in a real estate Ponzi fraud scheme.

  • 12/14/2011 - Avid Law Center Saves Homeowner Over $450,000 in Mortgage Payments Through Successful Loan Modification
  • ALISO VIEJO, CA-- - Avid Law Center , an Orange County, California-based real estate and litigation law firm, continues to successfully negotiate favorable loan modifications for their clients.In their ...

  • 12/14/2011 - How to Double Your State Income Tax Without Really Trying
  • ?? ?? Charles and Susan Van Ness sold some California real estate realizing a capital gain of $425,000 in 2005.?? They reported the gain on both their federal and state income tax returns.?? Although, that seems thorough, it is not quite thorough enough.?? The couple were residing in the State of in that year so ...

  • 12/12/2011 - Will New jobs Help Commercial Properties?
  • A respected report on commercial real estate trends in Southern California suggests that several months of encouraging employment reports could bode well for the owners of vacant office buildings and distribution centers.