Neighboring Apartment Properties Trade After 50-Year Hold

Neighboring Apartment Properties Trade After 50-Year Hold

Marcus & Millichap closed the sale of 4642 Oregon St., a nine-unit apartment property, and 4632 Oregon St., an eight-unit apartment property, both located in North Park, San Diego. The assets sold for $2,930,000... Read more »
Neighboring Apartment Properties Trade After 50-Year Hold

Universal Music-Leased Santa Monica Offices Trade for Reported $185M

Drawbridge Realty has acquired 2220 Colorado Ave., a 225,773-square-foot headquarters building in Santa Monica’s Silicon Beach neighborhood, for a reported $185 million. The building is 100% triple-net leased to Universal Music Group... Read more »
Riverside Apartments Trade with Interest-Only Loan Assumption

Riverside Apartments Trade with Interest-Only Loan Assumption

CBRE arranged the $10.15-million sale of the 44-unit Ramona Oaks Apartments at 3401 Ramona Drive in Riverside. The firm’s Eric Chen, Kevin Sin and Blake Torgerson represented both the buyer, WeJ&J LLC, and the seller, AB Ramona Oaks.... Read more »
Judge sides with trade groups, halts new CRA rules

Judge sides with trade groups, halts new CRA rules

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to... Read more »
Class A Offices Trade for M in Temecula

Class A Offices Trade for $14M in Temecula

CBRE recently negotiated the sale of the Tower Office Plaza in Temecula for $13.8 million to Level Asset Capital. Matt Pourcho, Anthony DeLorenzo, Matt Harris and Bryan Johnson of CBRE’s Investment Properties represented the seller, Providence Real Estate Group.... Read more »
Judge sides with trade groups, halts new CRA rules

Trade groups commend Fannie Mae’s newest step to address buybacks

The new functionality, added to the quality control process, “gives mortgage lenders the opportunity to address loan defect concerns earlier in the review process,” Scott Olson, executive director of the Community Home Lenders... Read more »
Judge sides with trade groups, halts new CRA rules

Mauricio Umansky and Jason Haber launch new real estate trade group

Mauricio Umansky, founder of The Agency and star of Buying Beverly Hills, and Compass agent and NAR Accountability Project founder Jason Haber are making good on a promise to explore a real... Read more »
Judge sides with trade groups, halts new CRA rules

Qualia accuses title startup Settlor of stealing trade secrets

Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets. In a lawsuit filed on Tuesday in U.S. District Court in Denver,... Read more »
Mortgage trade group CHLA is concerned about commission lawsuit lending impacts

Mortgage trade group CHLA is concerned about commission lawsuit lending impacts

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the... Read more »