Wednesday, June 16, 2021

Archives

Wildfires spur reminder of homeowner insurance options

With two of the largest fires in California history recently devastating the northern part of the state, unseasonably high fall temperatures and fire season extended well into the fall, it is more important than ever to make sure homeowners and renters have the insurance coverage they need in case disaster strikes. California consumers in high-risk fire areas across the state are reminded that fire coverage is available everywhere in the state.

Treasurer Chiang’s Affordable Housing Initiative Moves Forward

Thousands of Californians could get greater access to housing they can afford under a new initiative by the State Treasurer’s Office. Two state commissions chaired by California State Treasurer John Chiang on Wednesday gave final approval to regulations that make it easier to tap up to $6.5 billion in previously underutilized, federal government resources.

Mayor Lee Announces New Plan to Provide Stabilized Housing for 500 Teachers by 2020

Mayor Edwin M. Lee and the San Francisco Unified School District (SFUSD) with Board President London Breed and Supervisors Julie Christensen, Malia Cohen, Mark Farrell and Katy Tang announced a new plan to build and preserve housing for 500 San Francisco educators by 2020. Mayor Lee and Superintendent Richard Carranza announced new strategies to achieve these goals

California housing affordability continues to decline

The percentage of home buyers who can afford to purchase a median-priced home in California is declining. The sharp increase in housing demand has led to skyrocketing home prices, shutting out a large percentage of the potential home buyers. The latest California Association of REALTORS® housing affordability report indicates every region in the state, except Kings County, posted lower affordability in the second quarter compared to the previous quarter

U.S. EPA Honors 2015 Green Power Leaders in California

The U.S. Environmental Protection Agency announced its annual Green Power Leadership Awards to seven businesses across California. The firms were among 25 businesses and organizations across 13 states recognized for their achievements in advancing the nation’s renewable energy market and reducing greenhouse gas emissions that contribute to climate change

Housing Secretary Acts on Rep. Peters’ Request to Open Comment Period on Federal Homeless...

U.S. Representative Scott Peters (D, CA-52) joined Secretary of Housing and Urban Development (HUD) Julian Castro as Secretary Castro announced that HUD will open a comment period in spring 2016 on revising the current formula for how federal anti-homelessness funds are allocated. In 2014, despite having the 5th largest homeless population in the country, San Diego received the 23rd most funding.

KTGY Principal Ken Ryan to Participate in 2015 Planning Officials Forum at Richard Nixon...

National
National award-winning firm KTGY Architecture + Planning is pleased to announce that Ken Ryan, principal and head of KTGY's Community Planning and Urban Design Studio, has been invited to participate in the Planning Directors Association of Orange County’s 2015 Planning Officials Forum on October 22, 2015, at Richard Nixon Presidential Library & Museum in Yorba Linda, Calif. The event is sold out

SummerHill Apartment Communities to Celebrate Completion of Domus on the Boulevard in Mountain View,...

The new luxury residential rental community provides amenity-rich living environment near employment, retail, restaurants and transit, and furthers the City's Grand Boulevard vision for on El Camino Real. SummerHill Apartment Communities, a division of SummerHill Housing Group and a leader in providing quality, smart growth, multi-family rental housing and mixed-use developments, announce the completion of "Domus on the Boulevard," a new 193-unit luxury residential rental community in Mountain View, Calif

Utility Trade Group for SoCal Edison among Those Waging Aggressive Anti-Solar Campaigns Nationwide

A national network of utility interest groups and fossil-fuel industry-funded think tanks is providing funding, model legislation, and political cover for anti-solar campaigns across the country, and would-be solar power owners in California could soon pay the price, said a new report by Environment California Research & Policy Center.

Pelosi Remarks at Press Event Following a Tour of the Robert B. Pitts Apartments

Democratic Leader Nancy Pelosi delivered remarks today at a press event following a tour of the Robert B. Pitts Apartments, the site of a HUD Rental Assistance Demonstration (RAD) rehabilitation project with Secretary of the U.S. Department of Housing and Urban Development (HUD) Julián Castro and San Francisco Mayor Ed Lee. Below are the Leader’s remarks

A 44-year-old man and his wife were charged today with child abuse after Burbank...

The U.S. Environmental Protection Agency and Fort Lincoln Retail, LLC have reached a settlement over alleged violations of Clean Water Act regulations designed to protect America’s waterways from polluted stormwater runoff.

Burbank Couple Charged with Child Abuse After Drugs, Live Grenade Found in Home

A 44-year-old man and his wife were charged today with child abuse after Burbank police discovered a live hand grenade and illegal drugs in their home, the Los Angeles County District Attorney’s Office announced.

Members of House Homeland Security Panels Oppose Plan to Divert Border Security Funding

Democratic Members of the House Homeland Security Appropriations Subcommittee, led byCongresswoman Lucille Roybal-Allard (CA-40), and the House Homeland Security Committee, led byCongressman Bennie G. Thompson (MS-02), sent a letter to the House Ways and Means Committee voicing opposition to language in the Senate-approved highway bill (H.R. 22) that would divert customs revenue away from border security needs to fund future highway projects.

Meridian Acquires 19,202 SF Medical Office Building in Oakland, California

Meridian, 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 a 19,202-square-foot medical office building located in Alameda County at 380 W. MacArthur Boulevard in Oakland, California. Meridian purchased the property from BIC Oakland, LLC of Kentfield, California, in an off-market transaction. The sales price could not be disclosed.

Hunt Mortgage Group Refinances a Multifamily Property Located in Long Beach, California

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $5.8 million Fannie Mae loan facility to refinance Pacific Coast Villas Apartments, a multifamily property located in Long Beach, California

THOMPSON ANNOUNCES HOUSING GRANT FOR GREATER NAPA VALLEY FAIR HOUSING CENTER

U.S. Rep. Mike Thompson (CA-5) today announced a $279,467 Department of Housing and Urban Development (HUD) Fair Housing Initiative Program (FHIP) grant for Greater Napa Valley Fair Housing Center (GNVFHC). This grant will fund the agency's fair housing enforcement, education and outreach work. This includes the implementation of fair housing investigations, trainings and presentations, and related activities that promote GNVFHC's mission to eliminate housing discrimination and ensure equal housing opportunity for all people.

Housing Program: Mayor Announces Affordable Housing Bonus Program Legislation

Mayor Edwin M. Lee with Supervisor Katy Tang introduced legislation at the Board of Supervisors to create an Affordable Housing Bonus Program to provide new incentives for private developers to build more affordable housing units in their market-rate developments. The legislation, part of the Mayor’s Blueprint to 10,000 permanently affordable homes by 2020, will help the City better meet the needs of low and middle income families who need housing, and will, for the first time, institutionalize a program that supports middle income families.

Hanley Investment Group Completes $15.2 Million Sale of Single-Tenant LA Fitness in Riverside, Calif.

Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, has completed the $15.2 million sale of a newly-built 45,000-square-foot, single-tenant, fee simple retail investment occupied by LA Fitness in Riverside, California.

Attorney General Kamala D. Harris Announces Over $2 Million in Grants to Fight Methamphetamine...

Attorney General Kamala D. Harris today announced that the California Department of Justice has been awarded over two million dollars in federal grants to fight gang activity and the manufacturing and distribution of methamphetamine throughout the state. The grants were awarded by the U.S. Department of Justice’s Community Oriented Policing Services (COPS) Office

Hanley Investment Group Sells Two Chase Bank Properties for $9 Million

Record Low Cap Rates as Single-Tenant NNN Leased Investments Continue to Be in High Demand. Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that the company has negotiated the sale of two single-tenant NNN Chase Bank properties totaling more than $9 million

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

Recent Gov & Nonprofit Real Estate Press Releases

AGC

PRODUCER PRICES FOR CONSTRUCTION MATERIALS AND SERVICES JUMP 24 PERCENT OVER...

Construction Association Calls on President to Immediately End Tariffs and Quotas on Steel, Aluminum, and Lumber as First Step to Easing Pressure on Construction Costs and Supply-Chain