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California Utility Executive-Turned-Lawmaker Seeks to Slash Energy Credit Benefits for Rooftop Solar Panels

California Utility Executive-Turned-Lawmaker Seeks to Slash Energy Credit Benefits for Rooftop Solar Panels

by Phil Hall | Apr 22, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A former California utility executive now serving in the state’s assembly has introduced a bill that would significantly reduce the energy credit benefits tied to rooftop solar power systems. The Los Angeles Times reports AB 942 would cut the current program’s...
Faropoint Acquires Second California Industrial Property

Faropoint Acquires Second California Industrial Property

by Phil Hall | Apr 21, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Hoboken, New Jersey-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced the acquisition of a four-building, multi-tenant industrial portfolio in Ontario, California. Built in 2006 by Panattoni Development, the...
California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors

California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors

by Phil Hall | Apr 18, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

A new bill has been introduced in the California legislature that will provide a temporary relief for homeowners impacted by the recent Los Angeles County wildfires. CBS News reports that the “Mortgage Relief for Disaster Survivors Act” would give...
California Home Sales Softened During March

California Home Sales Softened During March

by Phil Hall | Apr 17, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California recorded a seasonally adjusted annualized rate of 277,030 closed escrow sales of existing single-family detached homes during March, down 2.3% from 283,540 sales in February but up 4.9% from 264,200 transactions in March 2024. According to data from the...
California Company Settles Charges of Predatory Practices and Unlawful Contracts

California Company Settles Charges of Predatory Practices and Unlawful Contracts

by Phil Hall | Apr 8, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

California Attorney General Rob Bonta announced a settlement with Oakland-based HomeOptions and its CEO Kevin Li that resolves charges of a predatory real estate scheme impacting over 500 homeowners. According to Bonta’s office, HomeOptions lured financially...
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