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California Real Estate Industry News

California tops national list of priciest ZIP codes for home sales. By a lot

01/17/2018 Move over, New York – a California community now has the priciest ZIP code in the U.S. (And it’s not 90210). A year-end report by real estate database PropertyShark finds that California had 77 of the nation’s top 100 most expensive ZIP codes for ...

California Real Estate Professional Among Mudslide Victims

01/14/2018 A Southern California real estate professional perished tragically in the mudslides last week, one of more than 15 victims of the latest catastrophe to strike the state. Rebecca Riskin, of Riskin Partners in Montecito—known as the “first lady of luxury ...

Developers Ellis Partners and Intercontinental Real Estate Corporation Break Ground on "The Key at 12th"

01/12/2018 Jan. 12, 2018 /PRNewswire-USNewswire/ -- Today Ellis Partners, in a joint venture with Intercontinental Real Estate Corporation ("Intercontinental ... "Intercontinental is excited to break into the Oakland, California market with this development ...

Mudslides claim couple married 50 years, real estate agent

01/12/2018 A victim of California's deadly mudslides had celebrated his 89th birthday just hours earlier, while another was a ballerina turned real estate agent known as "The First Lady of Luxury Real Estate" in parts of Montecito, an enclave for the wealthy and famous.

Deadly California slide swept mother, daughter to deaths

01/12/2018 Jim, who worked in labor relations, and Alice, a schoolteacher, had moved to Montecito in 1995 after raising their two children in Southern California's Orange County ... more than $2 billion in high-end real estate sales since she founded the company ...

Real estate agent, Catholic school founder among dead in California mudslides

01/11/2018 As rescue crews continued to trudge through the wreckage left by devastating mudslides in Southern California Thursday, some of the 17 dead were identified — including loving grandparents, a retired nurse and the founder of a Catholic school. Jim and ...

Mudslide victims: School founder, real estate broker remembered

01/11/2018 (CNN)The vicious mudflows that raced through the Southern California town of Montecito early Tuesday ... Rebecca Riskin Riskin was a Los Angeles native and a long-time real estate agent. The founder of Riskin Partners, she moved to Montecito in 1990 ...

As Real Estate Climbs, Homeowners Hold Their Ground | David Taran

01/09/2018 Eventually, Palo Alto needs a more permanent solution to the housing affordability problem rapidly developing in Palo Alto and many other cities throughout California and the ... None of this is to say that real estate sales are down.

California Pool and Spa Safety Barrier Requirements Double - 2018, Reports The California Real Estate Inspection Association

01/09/2018 ALISO VIEJO, Calif., Jan. 9, 2018 /PRNewswire/ -- A new California law known as the Pool Safety Act (SB442) has been signed by Governor Brown and became effective on January 1, 2018. The law requires new or remodeled pools and spas to have two of seven ...

As California's housing crisis worsens, more residents are forced to sleep in their cars

01/04/2018 Income inequality in California is getting worse ... it can offer clients lower prices because most of the work is done in Houston, where commercial real estate is 43 percent cheaper, salaries are 52 percent lower and competition for technical talent ...

REX Real Estate Exchange Secures $15M In Series B Funding

01/09/2018 Jan. 9, 2018 /PRNewswire/ -- REX Real Estate Exchange, the first full-service real estate ... year over year growth rates in the company's service areas of Southern California and New York, is on the path to list $1 billion in homes, and has rapid ...

This Bay Area company is now the largest non-franchise residential brokerage firm in California

01/07/2018 will lead Pacific Union’s Southern California operations as president of Pacific Union L.A. overseeing 20 offices. The Los Angeles expansion “unites L.A.’s most esteemed and highest-producing real estate professionals under one name,” said Segal.

Lyon Real Estate names Murray to manage its Davis office

01/05/2018 She has been a Realtor with Lyon Real Estate for 14 years. Her focus is working with residential ... She is a member of the National Association of Realtors, California Association of Realtors and the Yolo Association of Realtors. She serves on the board ...

Our 2018 commercial real estate forecast

01/05/2018 3. Real estate on the ballot. Take your pick: Proposition 13 reform, housing bond, rent control, California Environmental Quality Act tweaks. All of these issues, with housing shortage an underlying cause, are being talked about for local and state ...

California Today: For Sale in Santa Rosa, Fire-Scorched Land

01/03/2018 Browse California real estate listings and you will see impeccably staged houses with kitchens and living rooms that Martha Stewart may as well have designed. It’s a different picture when you look at property ads in Santa Rosa. Over the past few weeks ...

Sale of Smokey Robinson's former estate was Encino's chart-topper of 2017

01/03/2018 Brittney Hinds of eXp Realty of California represented the buyers ... Anngel Benoun of Dilbeck Real Estate represented the buyer.

$600,000 For Real Estate Deal Goes Missing: Greenwich Police

01/04/2018 The incident was reported on Dec. 29 as the victim was preparing to close on an undisclosed real estate deal. Police said the man received an email telling him to wire the funds to a bank in California. He believed the email was from his attorney ...

Chinese real estate scion's California murder trial delayed

01/03/2018 REDWOOD CITY, Calif. (AP) — The start of a Northern California trial involving a Chinese real estate scion charged with orchestrating the murder of her children's father has been postponed for a third time. The San Mateo County district attorney's office ...

Trump's tax overhaul has slowed Manhattan's real estate market even before going into full effect

01/04/2018 Homeowners across high-tax states including New York, Virginia, and California lined up to prepay their property ... according to Douglas Elliman Real Estate. The number of condo and co-op sales in the fourth quarter fell by 27% from the same period ...

Luxury comes to Southern California

01/03/2018 Beginning with humble farmland, the Segerstrom family converted their parcels into real estate holdings in California’s Orange County during the 1950s, eventually unveiling South Coast Plaza in 1967 where lima beans once grew. Fifty years later ...

Calif. Real Estate Legislation To Watch In 2018

01/02/2018 Law360, Minneapolis (January 1, 2018, 3:04 PM EST) -- California real estate lawyers will be watching how a number of new laws effective beginning of the year will play out and are particularly focused on affordable housing and the state's notorious ...

The next steps to ease California’s housing crisis

01/02/2018 Building homes in California is not an easy feat. Opinion There is extremely limited land available in key areas, making real estate prices among the nation’s highest. Impact fees are typically much higher than the national average of $6,000 per unit ...

California's record poverty and real-estate bubble are creating a "wheel-estate" boom of people with good jobs living in their cars

12/29/2017 Extreme housing prices in California -- driven by a combination of speculation, favorable legal/tax positions for landlords, foreclosures after the 2008 crisis, and an unwillingness to build public housing -- has created vast homeless encampments, but ...

VC Firm Fifth Wall Co-Founder Talks About What’s Next for Real Estate Tech

12/28/2017 Real estate is the largest industry in the United States ... in 2006 you came out west to get an MBA from Stanford University and you’ve been in California ever since? Yes, I’ve been out in California since then. Born and raised in New York City ...

David Taran | As Real Estate Climbs, Homeowners Hold Their Ground

12/27/2017 Eventually, Palo Alto needs a more permanent solution to the housing affordability problem rapidly developing in Palo Alto and many other cities throughout California and the ... None of this is to say that real estate sales are down.

"Climate gentrification" could add value to elevation in real estate

12/28/2017 This isn't just a sea-level issue: California's wildfires, for instance, are likely to lead to significant changes in how real estate is valued. "Anything related to climate change," Keenan explained. "Low exposure is the determinate." Living in high ...

Police: California couple used drone to deliver drugs

12/26/2017 (AP) — Authorities say a Southern California couple used a drone to deliver illegal ... Mountain Heritage Trust Preserve in Pickens County that had been slated for real estate development will now be permanently protected by a conservation easement.

These married tech billionaires donated $165 million to preserve a pristine stretch of California's coastline

12/27/2017 This is the spot where California bends inland ... This particular piece of land caused some hand-wringing when it was sold for $140 million to some real estate developers in 2007, who ultimately were never able to develop it. The Dangermonds are major ...

Three California housing issues to watch in 2018

12/27/2017 Atkins wrote last year’s real estate transfer tax bill and has long made housing issues a legislative priority. Follow California housing issues throughout the year on Gimme Shelter: The California Housing Crisis Podcast, co-hosted by Liam Dillon of The ...

Groundbreaking: Commercial real estate year in review

12/25/2017 The ledger for Richmond-area commercial real estate deals in 2017 is almost closed ... 3021 Commerce Road for its future Deepwater Industrial Park. Work is underway on California-based Panattoni Development Co.’s 1 million-square-foot spec warehouse ...

Essential California: Landmarks in ashes, and of memory, confront fire victims in a traumatized Ventura

12/22/2017 Los Angeles Times No vote: Eighteen of California’s 53 House members voted no on an ... ProPublica Interesting trend: “Real estate professionals call [them] ‘Hispennials.’ The label, a mash-up of Hispanics and millennials, defines a group of ...

Blockchain is set to transform the real estate business, this expert says

12/22/2017 Blockchain will cut out a lot of the hassle in the industry while making transactions all the more secure, says Matthew Murphy, of California real estate company Chime Technologies. “The real estate ecosystem can involve a lot of middlemen and blockchain ...

In California, Trump’s dismal approval rate is not an all-time low

12/20/2017 A majority of Californians of every race, age group, and region of the state disapproves of the former real estate tycoon. Still, Trump isn’t quite California’s most hated president in recent history. His poll numbers haven’t reached the doldrums of ...

Home of the Week: A mission-inspired equestrian estate in the Coachella Valley

12/23/2017 Although it’s a ways from El Camino Real — the 600-mile road that connects California’s missions — this Coachella Valley estate captures the Spanish Colonial spirit with its clay roof tiles, cathedral ceilings and sunburst emblem above the front door.

Hard Money Loan Programs Now Being Offered By Barrett Financial Group in California

12/20/2017 LOS ANGELES, Dec. 20, 2017 /PRNewswire/ -- As the market continues to improve for both the residential and commercial real estate industries in California, there is an increasing demand for financing options. Barrett Financial Group has announced that ...

Year in Review: A look back at commercial real estate in 2017

12/22/2017 One might have guessed a year ago that the pending inauguration of a commercial real estate developer as president would have ... CEQA reform at the Capitol. Reforming the California Environmental Quality Act to make infill projects easier would seem ...

First Team Real Estate and Stearns Lending Join Forces to Enhance Housing Opportunities Across Southern California

12/21/2017 IRVINE, Calif., Dec. 21, 2017 /PRNewswire/ -- The First Team Real Estate family of companies and Stearns Lending—two of Southern California's most prominent financial powerhouses—have joined forces to announce the creation of a new mortgage company ...

GOP tax overhaul passes House with help from a dozen California Republicans

12/19/2017 California’s Democrats, including its two senators and and Gov. Jerry Brown, say the plan disproportionately punishes the state, which has high state and local taxes and expensive real estate. Though many California taxpayers are expected to see an ...

California Today: A Rail Evangelist Defends the Safety of Trains

12/20/2017 And does California have it? A. The way it works is that there are ... years into San Francisco’s tech boom the number of companies looking to gobble up real estate is growing, and the cost of San Francisco’s Class A office space — already the ...

Hotels top Hawaii’s list of largest commercial real estate sales in 2017, so far

12/20/2017 In August, a joint venture between an affiliate of California-based real estate company ProspectHill Group and longtime Hawaii hotel executive Pat Fitzgerald bought the Mauna Lani Bay Hotel & Bungalows on the Big Island. Terms of the deal were not ...