Monthly Archives: July 2011

Inside a high-end real-estate deal gone bad

Posted on July 23, 2011 by sheri

LOS ANGELES — Scattered across 540 acres of San Diego County hills and ravines, the 235 opulent homes of the Bridges at Rancho Santa Fe flank a private golf course and country club with tile-roofed towers inspired by Tuscan villages. … Continue reading →

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Mortgage Bankers Reverse Course on Loan Limits

Posted on July 23, 2011 by sheri

It was barely a few months ago, albeit a few thousand degrees ago, that I moderated a panel of mortgage types from the major banks, including the Mortgage Bankers Association’s new president David Stevens, formerly FHA commissioner. Stevens and I … Continue reading →

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Cornerstone Community Bank Reports Financial Results For the Second Quarter …

Posted on July 23, 2011 by sheri

RED BLUFF, Calif., Jul 22, 2011 (BUSINESS WIRE) – Cornerstone Community Bank, /quotes/zigman/455857 CRSB -0.16% , announced today its financial results for the second quarter ended June 30, 2011 and the opening of a new full service branch in Redding, … Continue reading →

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BREAKING NEWS: Bacara resort sold to Hawaiian firm

Posted on July 23, 2011 by sheri

Bacara Resort Spa, the largest and one of the priciest resorts in the region, has been sold to an investment group that owns the Montage hotels in California. ADCO Group, the New York-based real estate titan that built the Goleta … Continue reading →

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Overall Land Value Of SF Increases To $163 Billion

Posted on July 23, 2011 by sheri

Posted: 8:42 am PDT July 22, 2011 SAN FRANCISCO — Assessor-Recorder Phil Ting announced Thursday that the value of the city’s real estate grew by nearly $2 billion in the past fiscal year, a contrast to decreasing property values in … Continue reading →

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Study: Less short sale fraud here than in state, nation

Posted on July 22, 2011 by sheri

Study: Less short sale fraud here than in state, nation BY COURTENAY EDELHART, Californian staff writer cedelhart@bakersfield.com | Thursday, Jul 21 2011 01:12 PM Last Updated Thursday, Jul 21 2011 01:14 PM Kern County has a lower rate of real … Continue reading →

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Marcus & Millichap Names Yitzie Sommer VP

Posted on July 22, 2011 by sheri

Swift Buys 1M-SF Bank of America Campus CONCORD, CA-Swift Realty Partners, an investment firm headed by former Equity Office Properties exec Christopher Peatross, acquires the four-building BofA campus. Borders Accepts Liquidation, Stores To Close by Oct. 1 Office Sales Confined … Continue reading →

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As housing prices drop, closing costs are rising

Posted on July 22, 2011 by sheri

Nationwide, the average origination and title fees on a $200,000 purchase mortgage totaled $4,070, according to Bankrate’s annual survey of closing costs. That’s an 8.8 percent jump compared to 2010 when the average closing costs totaled $3,741. A royal tourist … Continue reading →

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Chartwell Announces Sale of a Non-Core Property and A New Mortgage Financing – 4

Posted on July 22, 2011 by sheri

MISSISSAUGA, ONTARIO–(Marketwire – July 21, 2011) – Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) (“Chartwell”) announced today that it entered into an agreement to sell its 810-suite non-core Domaine Bellerive property located in Laval, Quebec. The sale price is … Continue reading →

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