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NEWS
April 20, 2012
A Newport Beach woman was sentenced Friday to eight years in prison for scheming with her two daughters and son-in-law to commit more than $16 million in real estate fraud, authorities said. Sushama Devi Lohia, 74, pleaded guilty in December to felonies - including conspiracy to commit a crime, identity theft and failure to file - for securing loans and buying homes using "straw buyers," or people who buy a property they never intend to control, according to the Orange County district attorney's office.
NEWS
By Don Jergler | February 14, 2012
This is the second of an occasional series of stories on the Real Estate Fraud Advisory Board and the Orange County District Attorney's fraud unit. * When Kathy Chen purchased 35 properties around Orange County using stolen identities and then intentionally defaulted on loans in order to steal the loan money, it must have seemed like a bright idea. It must have also seen like an opportune time, seeing as it was only a few years ago, during the heart of the real estate downturn.
NEWS
By Don Jergler | November 8, 2011
If you were to tune out the din of numerous voices talking shop this weekend at the National Assn. of Realtors Conference & Expo at the Anaheim Convention Center, which is expected to draw nearly 18,000 people in the real estate business from all over the nation, you'd hear some new voices. "Hey, bra, you check out the latest home price index? It's sweet!" That's not so far-fetched if you happen to be listening Matt Clements with Prudential in Laguna Niguel. To hear him you'd almost think he was channeling Keanu Reeves' surfer dude character in "Point Break.
NEWS
By Don Jergler | December 19, 2011
Editor's Note: This is a two-part story forecasting real estate experts' top predictions for the market in 2012. * Perhaps sometime between now and Dec. 21, 2012, will be beginning of the end. In fact, some think the end is already here, and they welcome any prophecies for an end to it all now or any time in 2012 - but we're talking about the prolonged real estate market downturn here. The new year brings with it lots of questions. Is the real estate market ready for the onslaught of short sales and foreclosures we've been hearing about, and if so will these "deals" drive down prices?
NEWS
By Britney Barnes | November 20, 2012
FONTANA — In a fire retardant driving suit, shoes and socks, helmet and a neck restraint, German Santibañez squeezed into the driver's seat and was helped with the many buckles strapping him down so he could barely move. The metallic whining mixed with the earsplitting guttural groan of the engine announced he was ready — and then he was going 140 mph — slow, he said, because of the rain — around the road-race track. "It's hard to say, it's like an adrenaline rush," he said.
BUSINESS
February 14, 2008
Working for the McMonigle Group, an international real estate firm in Newport Beach, may seem like an unattainable dream for many young agents. McMonigle hosted its first “Top Agent” competition last fall, sending a select group of applicants through four weeks of grueling training before one contender won a job with the firm. This spring, company founder John McMonigle plans to start a new round with “Top Agent 2.” “The first Top Agent program exceeded our expectations by presenting us with an amazing group of real estate talents and our ultimate Top Agent, Paul Benec,” McMonigle said in a news release.
NEWS
By: Andrew Edwards | September 26, 2005
Members of Orange County's business community can expect UC Irvine to become a bigger part of the real estate scene if the evolution of the school's Center for Real Estate goes as planned. The center's creation was announced in June. The center is part of UC Irvine's Paul Merage School of Business, and according to school officials, more than $1.5 million has already been donated to it. One of the center's founding donors is Robert Campbell, president of the Newport Beach-based CT Realty Corp.
BUSINESS
March 17, 2007
John McMonigle and his McMonigle Group was named Coldwell Banker Residential Brokerage's top residential sales team in the world for last year, according to a news release. This is the third year in a row the Newport Beach-based McMonigle Group was named as the company's top seller, with $432 million in sales in 2006 — a 74% increase from the group's 2005 sales. The first year the McMonigle Group was named the top domestic and international seller, Coldwell Banker reported McMonigle sold $197 million in residential real estate.
NEWS
By Jill Cowan | November 29, 2012
Forget the cliffside mansions of Carmel-by-the-Sea or San Francisco townhomes with Golden Gate views. If it's pricey real estate you want, look no further than Newport Beach. With an average home listing price of $1.658 million, Newport ranked second among the most expensive real estate markets in the country, according to Coldwell Banker's annual Home Listing Report released this week. That's down a spot from last year, when Newport was at the top of the national list. Bay Area suburb Los Altos ranked No. 1. Of course, that Newport has ranked high in expensive housing is hardly a surprise, said Rick Jenkins, regional vice president of Coldwell for Orange County and desert regions.
NEWS
By: Michael Miller | September 19, 2005
Kerry Vandell, an influential professor from the University of Wisconsin-Madison, has been appointed executive director of the new Center for Real Estate at UC Irvine's Paul Merage School of Business. Vandell, who will also serve as a professor of finance, plans to begin his tenure in July 2006. At Wisconsin, he directed the Graaskamp real estate program, one of the most heralded business education programs in the country. As head of the UCI real estate program, he will preside over the training of graduate students preparing for careers in the real estate industry.
ARTICLES BY DATE
NEWS
By Jeremiah Dobruck | April 3, 2014
California's political ethics watchdog warned Newport Beach Mayor Rush Hill on Thursday that he should have recused himself from a handful of decisions that could have raised the value of property he owns, but declined to fine or formally admonish him. "It's true vindication," Hill said. The state's Fair Political Practices Commission said in a letter that the mixed-use building Hill owns on West Balboa Boulevard created a conflict of interest when he voted on preliminary stages of a project to build $2 million worth of improvements to the street's sidewalks and medians.
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NEWS
January 28, 2014
Danny was born in La Canada in 1950 and in 1963 arrived in Corona del Mar. Unbeknownst to him, he would then meet Lynda, his future wife, who lived just down the street. At 13 years old his grandfather put a golf club in his hands for the first time and taught him how to play. Since that very moment, he was hooked! He dreamed of golf and within six months he had a 5 handicap. He then went on to play in high school and as an adult he found Big Canyon Country Club, his new home away from home.
NEWS
By Emily Foxhall | October 15, 2013
Views from the Presidential Suite at the Island Hotel, experienced in the past by a host of famous guests, can soon be had by anyone willing to pay $65. The former suite on the top floor of the Newport Beach hotel has been repurposed as the Island Club as part of an effort to meet the ever-changing needs of customers. No more will it be booked by the likes of President George W. Bush or musician Don Henley, who graced the premises when it was still the Four Seasons Hotel. Hotel staff will open it for use Friday with a broader clientele in mind.
SPORTS
By Steve Virgen | September 7, 2013
It would be more dramatic to think of a tennis racquet gathering dust in Natalie Raney's home. But in reality there are no tennis racquets. There isn't even tennis apparel or tennis merchandise there. To put it simply, when it comes to tennis for Raney: love really does mean nothing. Raney, formerly Natalie Braverman, has a much different life now. For 17 years, basically all of her youth, tennis consumed her life. But now she's all about real estate and her marriage. The former Newport Harbor High tennis standout who excelled at Pepperdine did gain lasting qualities from the sport and she applies those characteristics today.
ENTERTAINMENT
By Michael Miller | August 22, 2013
When Bill Eddy started his newsletter nine years ago, he didn't have any aspirations to be an author. The Newport Beach retail real estate consultant had accumulated a thick Rolodex of contacts, and as a way of staying in touch, he began emailing the Eddy Line, a series of reflections on travel, culture and other topics, to about 1,100 people. As it turned out, there was more demand for Eddy's writing than he imagined at first. Friends began asking when he planned to write a book, and this year, he responded with "Loves, Life & Laughter: The Highly Enjoyable Journey of Bill Aloha Eddy.
NEWS
By Lauren Williams | March 23, 2013
They form an unlikely crew. A 25-year cop. The high school principal. The retired geologist. The software, real estate and oil guys. Six men in their 60s will embark this summer on a cross-country journey on road bikes, covering 3,667 miles toward a common goal: raising awareness - and $50,000 - for the Wounded Warrior Project. Dale Lawrence, 66, Pat Cavanagh, 64, Jim Webber, 66, Darryl Miller, 65, Tom Nelson, 66, and Ed DeMar, 67, all of Irvine, plan to ride 70 to 80 miles each day of the two-month journey.
NEWS
By Jeremiah Dobruck | February 21, 2013
Dashiell Codd went to Disneyland with his family Monday. It was part of the 5-year-old's dream that was being fulfilled through the Make-A-Wish Foundation. He started off bashful and nervous in the park, his mother, Pam, said. He's always been that way, even before he was diagnosed in March with a rare liver cancer and had to endure almost contestant prodding, procedures and needles. But then he met Winnie the Pooh. "I think this was the first time he understood that this was a place just for kids," Pam said.
NEWS
February 14, 2013
Lee Chapin Sammis passed away February 12, 2013, in his home in Newport Beach, CA, where he lived and built his business for the past 50 years.  He was born on February 15, 1931 in Los Angeles to MIT graduates Ford Woodruff and Constance Sharp Sammis.  His family lived all over the country during the depression until settling in Pasadena, CA where he graduated in 1949 from South Pasadena High School.  The experience of frequently being the new kid...
NEWS
By Jill Cowan | November 29, 2012
Forget the cliffside mansions of Carmel-by-the-Sea or San Francisco townhomes with Golden Gate views. If it's pricey real estate you want, look no further than Newport Beach. With an average home listing price of $1.658 million, Newport ranked second among the most expensive real estate markets in the country, according to Coldwell Banker's annual Home Listing Report released this week. That's down a spot from last year, when Newport was at the top of the national list. Bay Area suburb Los Altos ranked No. 1. Of course, that Newport has ranked high in expensive housing is hardly a surprise, said Rick Jenkins, regional vice president of Coldwell for Orange County and desert regions.
NEWS
By Britney Barnes | November 20, 2012
FONTANA — In a fire retardant driving suit, shoes and socks, helmet and a neck restraint, German Santibañez squeezed into the driver's seat and was helped with the many buckles strapping him down so he could barely move. The metallic whining mixed with the earsplitting guttural groan of the engine announced he was ready — and then he was going 140 mph — slow, he said, because of the rain — around the road-race track. "It's hard to say, it's like an adrenaline rush," he said.
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