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Monthly Archives: May 2012
Terreno Realty Corporation Acquires Buildings in Commerce, CA for $52.4 Million
SAN FRANCISCO, May 31, 2012 (BUSINESS WIRE) – Terreno Realty Corporation /quotes/zigman/580648/quotes/nls/trno TRNO +1.79% acquired an industrial property located in Commerce, California on May 30, 2012 for a purchase price of approximately $52.4 million. The property consists of five multi-tenant … Continue reading
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Tagged Acquirer, Bandini, california, California Real Estate, Cap Rate, Cap Rates, Capital Expenditures, Cash Basis, City San Francisco, Commerce Ca, Commerce California, condos, Due Diligence, Expressways, Federal Securities Laws, homes, Industrial Buildings, Initial Purchase Price, Leasing Costs, news, Project Result, Real Estate, real estate business, Real Estate News, Realty Corporation, San Francisco Bay, San Francisco Bay Area, townhomes, Trno
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Agency Closings Pinch California Cities
BY BOBBY WHITE HERCULES, Calif.—Cities across California are grappling with the economic fallout from the state’s closure of redevelopment agencies, the municipal organizations that try to turn around blighted areas. The shutdowns—aimed at aiding the cash-strapped state—have resulted in layoffs, … Continue reading
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Tagged Bobby White, Bonds, california, California Cities, California Real Estate, Closure, condos, Economic Fallout, Estate Projects, Hercules, homes, Lawsuits, Layoffs, Municipal Organizations, news, Property Tax Revenue, Real Estate, real estate business, Real Estate News, Redevelopment Agencies, Redevelopment Agency, Restaurants, San Francisco, Shutdowns, townhomes
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Founders of S3 Partners Charged in $21 Million Real Estate Investment Fraud Scheme
SAN JOSE, CA—The three founders of S3 Partners who allegedly defrauded numerous individual investors and banks out of more than $21 million in connection with a real estate investment fraud scheme were arrested and arraigned on 33 counts of conspiracy, … Continue reading
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Tagged Business Projects, california, California Real Estate, Campbell California, condos, Elderly Investors, Federal Bureau Of Investigation, Fraud Scheme, Gilroy California, Granite Falls North Carolina, Hickory North Carolina, homes, Individual Investors, Individual Retirement Accounts, Investment Fraud, Mail Bank, Michael Sims, news, Northern District Of California, Palo Alto California, Personal Benefit, Real Estate, real estate business, Real Estate Investment, Real Estate News, Securities Fraud, townhomes, Unauthorized Purposes, United States Attorney
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Two South Lake Union office buildings sold
Seattle developer Weiss-Jenkins Properties sold two South Lake Union office buildings Wednesday to a California real-estate investment firm, according to county records. LBA Realty of Irvine, Calif., paid $49.05 million for the five-story Republican Building at Eastlake Avenue East and … Continue reading
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Tagged california, California Real Estate, condos, Eastlake, homes, Investment Firm, Irvine Calif, Lba Realty, news, Office Buildings, Office Developer, Real Estate, real estate business, Real Estate Investment, Real Estate News, Seattle, South Lake Union, Square Feet, townhomes, Weiss Lake, Yale
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Lack of Distressed Supply Continues to Hit Home Sales
The unexpected drop in signed contracts to buy existing homes in April should have come as no surprise. It is all about price point, supply, and where the action is/has been. Depending on which survey you follow, sales of distressed … Continue reading
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Tagged Association Of Realtors, Banks, Business Transaction, California Real Estate, Chief Economist, condos, Contracts, Distressed Properties, Florida Foreclosures, Foreclosure, homes, Investor Demand, Las Vegas, Loans, Mid West, Mortgage, National Association Of Realtors, news, Orange Country, Phoenix, Real Estate, Real Estate Agents, real estate business, Real Estate News, Southern California Real Estate, Timelines, townhomes, Variability
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$17 million judgment ordered against candidate Danny Tarkanian – Las Vegas Review
A federal judge has ordered a $17 million judgment against congressional candidate Danny Tarkanian and his family to repay a loan for a California real estate deal gone bad. Tarkanian said Wednesday he would appeal the judgment, which was signed … Continue reading
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Tagged california, California Court, California Real Estate, Campaign Finance Report, condos, Congressional Candidate, Congressional District, Danny Tarkanian, District Judge, Early Voting, Federal Election Commission, Federal Judge, Gop Contenders, homes, International Businessman, Judge William, La Jolla, Nevada Politics, New Tv, news, Perennial Loser, Real Estate, real estate business, Real Estate News, Southern District Of California, townhomes, Tv Ad, U S Senate
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California Couple Loses $18.5 Million Charitable Deduction on Technicality
By Laura Saunders If you intend to take a deduction for a charitable gift, pay attention to the letter of the law. With regret, a U.S. Tax Court judge denied a wealthy Sacramento, Calif., couple a deduction for $18.5 million … Continue reading
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Tagged california, California Couple, California Real Estate, Charitable Deduction, Charitable Gift, Charitable Remainder Trust, condos, Correct Paperwork, Food Bank, homes, Independent Appraiser, Internal Revenue Service, Laura Saunders, Letter Of The Law, news, Pacific Legal Foundation, Proper Appraisal, Real Estate, Real Estate Appraiser, Real Estate Broker, real estate business, Real Estate News, Sacramento Food, Self Appraisals, Shriners Hospitals For Children, Tax Court Judge, townhomes, U S Tax Court, Wife Shirley
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Steel Castle Launches Investment Vehicle With Impressive First Acquisition
FULLERTON, CA and PEARLAND, TX, May 30, 2012 (MARKETWIRE via COMTEX) – Steel Castle Capital LLC, a boutique real estate investment management firm based in Orange County, Calif., and Philadelphia, Penn., has recently acquired its first property on a behalf … Continue reading
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Tagged california, California Real Estate, Capital Improvements, condos, Employment Base, Estate Investment Program, Fullerton Ca, homes, Houston Suburb, Initial Acquisition, Investment Management Firm, Investment Vehicle, news, Orange County Calif, Pearland Texas, Pearland Tx, Private Real Estate, Property Management Firm, Property Partners, Real Estate, real estate business, Real Estate Investment, Real Estate Investment Management, Real Estate News, Target Markets, Texas Medical Center, townhomes, Tranquility Lake, Unpaid Principal Balance
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