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California Real Estate Industry News

Terrifying Tumbleweeds Take Over California City, Trapping Residents Inside Homes

04/19/2018 A California city is under siege ? from tumbleweeds ... the wind blows and blows them right back again,” real estate broker Bryan Bagwell told the Washington Post. “It’s a nasty nightmare.” Tumbleweed invasions aren’t unheard of, especially ...

SB 827 is dead. But California still can — and should — build more housing near transit

04/20/2018 California needs to build a lot more homes — up to 180,000 ... The state is expected to raise $225 million a year for affordable housing projects through a real-estate transaction fee approved last year. That sum could increase considerably if voters ...

Global real estate giant grabs huge office park in San Mateo leased by Tesla and GoPro

04/19/2018 Hines, a global real estate firm, is the new owner of Clearview Business Park ... Blackstone Group also recently sold 601 California Ave. in Palo Alto to a limited partnership associated with Morgan Stanley's Prime Property Fund for $145.1 million or ...

CA Attorney General Becerra Charges Individual for Price Gouging

04/19/2018 SACRAMENTO – California Attorney General Xavier Becerra filed three misdemeanor charges against Melissa "Missy" Echeverria, a real estate agent, for allegedly raising the monthly rent on property she owns in Novato, California by more than 10 percent ...

Ex-Las Vegas real estate agent indicted on fraud charges

04/18/2018 A former Las Vegas real estate agent was indicted Wednesday on tax- and bank ... crash (Full) Three Centennial High School students were killed Thursday morning in Southern California when their vehicle was struck by a suspected drunken driver while ...

Southern California bankruptcies fall to 11-year low

04/18/2018 Heavy borrowing by consumers and corporations alike during the last decade’s property-fueled boom that ran to 2007 became overwhelming financial burdens after the real estate bubble burst. As a result, Southern California’s first-quarter bankruptcies ...

Condemned house in Northern California sells for $1.23 million

04/19/2018 A condemned house in Northern California with holes in the roof and mildew in the ... "Times have changed, but real estate is still a good investment," he said. The median home price in Fremont, which connects to Silicon Valley through several highways ...

Real Estate Roundup: Big buy in Palo Alto, investor makes a profitable flip in San Jose to same group eyeing up Gilroy

04/17/2018 Blackstone had purchased the property more than a year ago for $136.8 million, according to a report by IPE Real Assets. The low-slung property, built in 1998, sits about half a mile from the busy California Avenue Caltrain Station. The building is notably ...

California housing showdown draws key interest groups

04/17/2018 Backed by wealthy Silicon Valley tech CEOs, California YIMBY, the chief sponsor of ... said in response to the urban planning professors that real estate interests are supporting the Wiener bill are the "chief financial beneficiaries of the crisis that ...

Healthy turnout for CA Coastal Commission to discuss waterfront overhaul

04/13/2018 It was a healthy turnout in Redondo Beach for the arrival of the California Coastal Commission. The commission met at the Redondo Beach Library to let the public voice their concerns about a $400 million waterfront overhaul. The commission also toured the ...

Housing crisis: California bill aims to help the ‘missing middle’

04/10/2018 SACRAMENTO — As the state’s costliest housing markets and high rents threaten to force all but the highest-paid workers into ever-longer commutes, California lawmakers ... according to April data on the real estate site RentCafe. In Oakland, it is ...

Luxury Realtor, Andrew Karigan, Recently Featured In "California Business Journal"

04/10/2018 Andrew Karigan of Karigan Residential Group | Douglas Elliman Real Estate provides prospective clients with "World-Class Representation" and a resumé to back it up NEWPORT BEACH, Calif., April 10, 2018 /PRNewswire/ -- California Business Journal recently ...

Chinese investment in California's Temecula wine region stalls, but tariffs aren't to blame

04/13/2018 "All that turmoil doesn't help," said Dan Stephenson, founder and chairman of the Rancon Group, a Murrieta, California-based real estate development firm. Indeed, the Chinese earlier this month slapped a new tariff on U.S. wine exports. And Beijing could ...

Exclusive: FivePoint exec and former Oakland planning director joins Google real estate team

04/12/2018 Rachel Flynn, a vice president of megaproject developer Five Point Holdings, is leaving to join a tech giant with massive real estate projects of its own ... regional president of Northern California, in a statement. “I will say that it certainly ...

Sklar Kirsh Bolsters its Real Estate, Corporate Practices

04/10/2018 He has broad experience in real estate transactions, including conduit and portfolio ... and capital equipment for governments and educational institutions throughout California and Arizona. Howell obtained his J.D. in 2009 from Baylor University School ...

Who is causing California’s housing shortage?

04/10/2018 Many developers also blame the California Environmental Quality Act, a statute that imposes strict requirements on real estate projects to limit their environmental impact. Developers say residents also use CEQA to file lawsuits purely to delay projects ...

934 N California Ave Unit 3S, Chicago

04/11/2018 934 N California Ave Unit 3 S, Chicago, IL 60622 is a condo/townhome/row home/co-op for sale located in the West Town neighborhood. Browse realtor.com® for nearby schools and neighborhood information. Find homes similar to 934 N California Ave Unit 3S ...

SBA extends term of real estate loan program

04/10/2018 The other is the 504 real estate loan, which can only be used to buy land, buildings or some equipment. The 504 loans have a higher maximum, at $5 million, which is important in California where real estate costs are relatively high. The federal guarantee ...

California housing bill aims to help the ‘missing middle’

04/09/2018 SACRAMENTO >> As the state’s costliest housing markets and high rents threaten to force all but the highest-paid workers into ever-longer commutes, California lawmakers ... according to April data on the real estate site RentCafe. In Oakland, it is ...

California group drops $22M on Mesa apartments, renovations planned

04/04/2018 California-based MIG Real Estate has bought a 209-unit, 9.94-acre apartment property in Mesa for $22.1 million. Newport Beach-based MIG plans on renovating the Trails at Harris Apartments. The property is near the U.S. 60 and Gilbert Road on the border ...

UC Berkeley to offer housing in California Memorial Stadium next fall

04/09/2018 but if they want prime real estate, they can pay a very reasonable $1,500 for the front row,” a campus spokesperson said. The university claims that its reasoning for letting students rent out space in California Memorial Stadium is because of the ...

CalPERS Selects Real Assets Investment Manager for New ESG Role

04/06/2018 The $348 billion California Public Employees’ Retirement System (CalPERS ... and she has managed a $7 billion-plus portfolio of domestic infrastructure and real estate assets. The fund values her as a “key architect” of the Sustainable Investment ...

Well-Known Industry Luminary Appears at Prestigious Annual Commercial Real Estate Event Held in Beverly Hills

04/06/2018 About Alexander Radosevic Born in Hollywood and a lifelong resident of the area, Alexander Radosevic is a true California native. Alexander has developed a well-earned reputation in the fields of money, property management and real estate investment.

How Did an App Know an Earthquake Was Hitting California Before It Happened?

04/05/2018 off the coast of California today (April 5), according to the U.S. Geological Survey (USGS). "That was the first earthquake I've felt since I got access to the @EarlyWarningLab beta app," tweeted Alissa Walker, an editor at the real estate blog Curbed.

US seizes 106 Northern California houses used to grow pot for Chinese crime organization

04/05/2018 ... the same Sacramento real estate agents, borrowed from private lenders instead of traditional banks, and used straw buyers who purchased the properties on behalf of the real owners. The U.S. crackdown comes as California is months into creating the ...

Big investment firms have stopped gobbling up California homes

04/05/2018 But firms such as Blackstone have stopped buying wide swaths of California homes. According to the real estate data firm ATTOM Data Solutions, which defines institutional investors as entities that buy 10 or more homes in a given year, institutional ...

Why California’s New Recording Fees Matter for Servicers

04/05/2018 attempts to address California’s housing dilemma by bringing in an estimated $250M annually via an additional $75 fee per recorded real estate document. Through February, the Act has generated roughly $90M. The Act adds Government Code §27388.1 ...

California Faces Another Lawsuit Against Trump Administration

04/02/2018 "California's legislature adopted the law last October at the urging of environmentalists concerned that the Trump administration was readying plans to sell off federal land for real estate development, mining or drilling," the news site said. This is the ...

US Seizes Pot-Growing Houses in Sacramento Area Tied to China-Based Crime Organization

04/04/2018 The drug is legal in California but requires permits to grow and can't be ... The buyers generally used the same Sacramento real estate agents, borrowed from private lenders who usually charge higher interest rates and require larger down payments than ...

California Dreamin': Voters' Decision Could Free Up More Homes for Sale

03/29/2018 This could encourage older sellers to put their family homes on the market, easing the increasingly severe housing crisis, say real estate professionals. The California Association of Realtors®, which is spearheading the initiative, collected nearly 1 ...

Mexico earthquake was California's wake-up call

04/04/2018 Amid a strong real estate market, rising property values are giving owners ... Dan Faller, president of the Apartment Owners Assn. of California, is among those who oppose mandatory retrofits as unnecessary government intrusion. Still, he said, the ...

Real Estate Roundup: Planned Parenthood to set up shop at prime Mountain View corner, Redwood City investor buys San Jose Business Center

04/03/2018 Planned Parenthood Mar Monte Inc. last week picked up a small multitenant commercial building on a prime Mountain View corner at California Street and Showers Drive. The property, which sits about a quarter of a mile from the San Antonio Caltrain Station ...

REX Real Estate Expands Listings Service to Three New Markets

04/03/2018 April 3, 2018 /PRNewswire/ -- REX Real Estate, the digital alternative to the residential ... We have had great success in New York and California and are eager to begin assisting sellers in these sought-after locales." REX currently supports home sales ...

Novato, CA Real Estate: Foreclosures

04/01/2018 Foreclosures listed for sale in and around Novato could provide opportunities to move into a home you couldn’t afford otherwise. Foreclosures for sale are still being listed regularly all across California, including in Novato. So where can you find ...

Intero Launches a New Look After 15 Years of Leading the Real Estate Industry in the Bay Area

03/30/2018 A trusted name in Bay Area real estate since 2002, Intero has continued to flourish ... and wholly owned subsidiary of HomeServices of America Inc., serves Northern California with 19 offices throughout the greater Silicon Valley. The Intero Franchise ...

Legalized Marijuana Resulting in Real Estate High: Is the Golden State a Green Mine?

03/26/2018 As we discussed in Part 1 and Part 2 of this blog series, while California’s real estate industry is budding with recreational marijuana, negative side effects are inevitable. In this Part 3 of our five part blog series on the legalization of marijuana ...

Artificial Intelligence Taking Over Real Estate

03/26/2018 “Instead of hiring a real estate agent, Ron and Marilyn Hougardy essentially recruited a computer to sell their four-bedroom home in Thousand Oaks, California.” In so doing, they saved about 4 percent in commission payments. That’s a good chunk of mone

JLL Spark acquires SaaS-based real estate asset management company Stessa

03/27/2018 JLL Spark was founded in 2017 and is headquartered in San Francisco, California. For more information, please visit https://spark.jll.com. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment ...

California measure could spur more seniors to sell homes, easing the state's housing crunch

03/26/2018 A proposed ballot initiative in California could encourage older homeowners with larger homes to downsize and move to other counties, freeing homes for younger families and potentially easing the state's chronic housing shortage. The real estate industry ...

Artificial intelligence is the latest competition for real estate agents

03/20/2018 Instead of hiring a real estate agent, Ron and Marilyn Hougardy essentially recruited a computer to sell their four-bedroom home in Thousand Oaks, California last December. The couple was motivated by the 2 percent commission they would pay the artificial ...