:: Los Angeles Multifamily ::

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LAMF News
	Date & Time	Title	Location
Details	02/25/2010 @ 12:00 AM	Los Angeles Multifamily Attains Corp RE Brokers License	Sacramento, CA
Details	05/07/2010 @ 5:00 PM	Peter Ciriello Completes CCIM 101	San Francisco, CA
Details	06/11/2010 @ 5:00 PM	Peter Ciriello Completes CCIM 102	Santa Ana, CA
Details	06/30/2010 @ 5:00 PM	Peter Ciriello Completes CCIM 103	Glendale, CA
Details	08/18/2010 @ 5:00 PM	Peter Ciriello Completes CCIM 104	San Diego, CA
Details	08/20/2010 @ 6:00 PM	Peter Ciriello Speaks at USM	Santa Monica

CoStar Commercial Real Estate News Feeds
CoStar's People of Note (Aug. 29-Sept. 4) This week's People of Note includes the following markets: Atlanta, Inland Empire, Los Angeles, Milwaukee/Madison, New York City, Orange County and Washington, DC. ATLANTA Green Bldg. Expert Joins Grubb's Office Group Grubb & Ellis Co. appointed... CoStar's Deals of Note (Aug. 29 - Sept. 4) NEW YORK Boston Properties to Acquire 510 Madison By Andrew Deichler Boston Properties said last week that it is acquiring 510 Madison Ave. from oft-troubled New York developer Harry Macklowe. The REIT has agreed to a purchase price equal to... Lease Up/Lease Down (Sept. 5-11): Whirlpool & Deloitte Expand, Monsanto Downsizes CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate. In this week's issue... Colliers Taps Pinsel as Managing Dir. of Inland Empire Colliers International promoted two senior executives in its Ontario and Encino offices. David Pinsel was named managing director of the Inland Empire. He will oversee the sales team in Inland Empire and continue as managing director of investments... Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures Don't blame the current wave of bank failures on commercial real estate; much of the blame belongs to bad bankers. While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in... Long Beach Senior Living Facility Sells for $8M Sunny Hills Palladium LLC purchased the senior living facility at 3360 Magnolia Ave. in Long Beach, CA, from Richard J. Scotti Trust for $8 million, or about $43,011 per unit. The buyer paid cash for the property. The senior living facility has 186... Pool Water Products Buys Van Nuys Industrial Pool Water Products acquired an industrial building at 8151 Orion Ave. in Van Nuys, CA, from Heller Trust for $3.3 million, or about $165 per square foot. The property consists of a 20,000-square-foot building on 0.9 acres completed in 1975. Pool... Lease Down (Aug. 29 - Sept. 4): Northrop Grumman, Aviat Continue to Downsize CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions... In The Pipeline: CoStar Development and Construction News for Aug. 29 - Sept. 4 In this week's Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion... On Assignment Relocating Corporate HQ On Assignment Inc. is relocating its corporate headquarters to 26745 Malibu Hills Road in Calabasas, CA. The science and health care staffing agency signed a 10-year, eight-month deal with Calabasas BDC for the entire 37,172-square-foot office building... Lease Up (Aug. 29 - Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease... CoStar's People of Note (Aug. 22-28) This week's People of Note includes the following markets: Atlanta, Denver, Hartford, New York City, Northern New Jersey, Retail, South Florida and Washington, DC. ATLANTA Brown Joins Cortland as Chief Acquisitions Officer Cortland Partners recruited... Kingsbridge Invests $11.4M in Simi Valley Portfolio Kingsbridge International Inc. acquired 208,493 square feet in property at 2900-2950 Madera Road in Simi Valley, CA, from Bank of America for a value of $11.42 million. The two-building portfolio includes a 135,683-square-foot distribution center and... CoStar to Release August Repeat Sales Analysis Next Week Look for the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI) to be released this coming Wednesday, September 1, 2010. CoStar developed the CoStar Commercial Repeat-Sale Indices to provide a comprehensive set of benchmarks... This Week in Retail: NFL's Ray Lewis Looks To Be 'All Business' Off the Field Too Baltimore Ravens star linebacker and likely Hall-of-Famer Ray Lewis has drafted a new team, RL52 Realty, a full service commercial real estate advisory firm. While the firm will help advise clients on decisions affecting all property types, the official...

LA Times Business News Feeds
Downtown L.A. condo developer takes on investors, FDIC Hassan Astani, who began the project in 2004, hopes to open the 30-story Concerto near Staples Center before he runs out of money. But a group of investors in charge of Astani's loan has other plans. The last decade's great condominium construction boom is over in downtown Los Angeles — with the exception of one battered builder still crawling toward the finish line. Hewlett-Packard sues to keep former CEO from going to Oracle HP's lawsuit says Mark V. Hurd could leak company secrets to Oracle and his employment there would violate noncompete clauses. Intensifying an increasingly bitter feud between two technology heavyweights, Hewlett-Packard Co. went to court Tuesday to try to prevent its former chief executive, Mark V. Hurd, from taking a top post with Silicon Valley rival Oracle Corp. California regulators seek up to $9.9 billion in fines from PacifiCare The health insurer violated state law nearly 1 million times from 2006 to 2008 after it was bought by UnitedHealth Group, the Department of Insurance says. California regulators are seeking fines of up to $9.9 billion from health insurer PacifiCare over allegations that it repeatedly mismanaged medical claims, lost thousands of patient documents, failed to pay doctors what they were owed and ignored calls to fix the problems. Businesses like Obama tax write-off plan but want to keep Bush tax cuts too Economists and business groups see President Obama's proposal as giving a modest boost to the economy, not as having the major effect that would come from ending the uncertainty about the soon-to-expire tax cuts. The business community likes President Obama's proposal to accelerate tax write-offs for companies buying equipment and other big-ticket items. But it is clamoring for more — extension of all of the soon-expiring Bush-era tax cuts. Obama seeks massive tax break for business Companies could save $200 billion by writing off capital investment. The president also announces a $50-billion spending plan for roads, runways and railroads. President Obama this week will call for tax incentives that would allow businesses to write off 100% of new capital investment through 2011 — moves that the White House says could save businesses $200 billion over two years. Health Net is cleared by state to raise premiums The rate hikes for 38,000 individual policyholders will average 16%. Regulators are still reviewing Aetna's plan to increase its premiums an average of 19% for 65,000 policyholders. A California health insurer got the green light Tuesday to raise premiums an average of 16% for 38,000 policyholders who buy insurance on their own. David Westin leaving as president of ABC News, no successor named David Westin, the longtime president of ABC News who spent much of his tenure managing newsroom upheaval and most recently a round of brutal cuts, announced he is leaving the network at the end of the year. Dried-up tax credits cause slowdown in L.A. film and TV production Work on movies drops 9% in the last 10 weeks, while TV shoots fall about 1%. Commercials are the one bright spot, rising 23%. Like the sputtering national economy, Los Angeles' movie and television production economy is sending out mixed signals. Lawsuit seeks to halt searches of travelers' electronic devices NEW YORK — Civil rights lawyers sued the government Tuesday to stop authorities from snooping in the laptops, cellphones and cameras of international travelers without probable cause. European Union OKs new financial oversight deal European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.