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Archive for May, 2009

Man betrayed El Dorado Hills neighbors' trust with investment … - Sacramento Bee

Man betrayed El Dorado Hills neighbors' trust with investment
Sacramento Bee,  USA
Authorities have charged Betchley with 28 felony counts of grand theft and securities violations, including real estate fraud and tax evasion. If convicted on all counts, Betchley is looking at about 30 years in prison, Deputy District Attorney James

Alaska blazes new trail in risk-based investing - Pensions & Investments

Alaska blazes new trail in risk-based investing
Pensions & Investments, IL
The new asset allocation is: 53% in company exposure, comprising stocks, corporate bonds and private equity; 21% in an opportunity pool that includes absolute return, real return and distressed debt; 18% in real assets, comprising real estate,

Renters conned out of a home - Contra Costa Times

Renters conned out of a home
Contra Costa Times, CA
By Brian Hamlin/The Reporter, Vacaville That's the warning being given by the Solano County District Attorney's Office and real estate agents to potential renters who could be caught up in a costly con game. District Attorney David Paulson says that

Internal Affairs: Did Ravel's departure unravel Santa Clara County … - San Jose Mercury News

Internal Affairs: Did Ravel's departure unravel Santa Clara County
San Jose Mercury News,  USA
Real estate investor Thomas J. Coates of San Francisco gave Newsom's campaign $25000. Coates is a Republican who put up almost $1 million for June 2008's Proposition 98, the ballot measure that would've phased out rent control in California and

Now adding a pool may hurt home's value - San Francisco Chronicle

Now adding a pool may hurt home's value
San Francisco Chronicle,  USA
Dal Pino estimates that the average in the Sacramento area for an in-ground concrete pool is $40000 to $45000. The price in the more seismically active Bay Area is even higher, he said, because of the need for additional structural support. Real estate

California now faces budget cuts “beyond draconian” - Christian Science Monitor


ABC News
California now faces budget cuts “beyond draconian”
Christian Science Monitor
The decendants of old California who had moved and then were unable to move back, due to the rapidly escalating real estate market, will find they can now afford to live close to grandma in California. Old Californians will move back (from Colorado,
TOP REAL ESTATE St. Augustine Record
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Waiting game on low mortgage rates backfires - Sacramento Bee

Waiting game on low mortgage rates backfires
Sacramento Bee,  USA
Well, I think they did in the short term," said Mike Lyon, head of Sacramento-based Lyon Real Estate. "The good news is it's still cheap. For most people, I would say, 'Let's not get greedy.' "Rates are still good. For decades, we were in the

CalPERS likely to lose $922 million in sour land deal - Sacramento Bee

CalPERS likely to lose $922 million in sour land deal
Sacramento Bee,  USA
The ruling would wrap up one of the pension fund's worst real estate ventures. CalPERS' housing portfolio, once estimated to be worth $9 billion, was reported to be $6 billion last fall, with projected losses on the deal factored in.

Profits, revenue down at Grubb & Ellis - Bizjournals.com

Profits, revenue down at Grubb & Ellis
Bizjournals.com, NC
Grubb & Ellis is the Sacramento area's fifth-largest commercial real estate firm with 44 licensed agents, and the 23rd-largest property management firm with 1.29 million square feet under management, according to Business Journal research.

How the financial crisis affected your cardiologist - Reuters Blogs

How the financial crisis affected your cardiologist
Reuters Blogs
That, in turn, lifted wages for support personnel, real estate costs for doctors' businesses and homes, and so forth, which in turn incentivized doctors to order questionable tests and procedures for their patients. In other words, distortions in the

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