First Cal Receives Distinguished Award at Annual CAMP Event

Petaluma, CA, Aug. 13, 2011 --(PR.com)-- First California Mortgage Company (First Cal) was awarded the 2011 Corporate Affiliate of the Year Award by the California Association of the Mortgage Professionals (CAMP). The award was presented during CAMP’s Annual Event, Summer Camp, in San Jose, CA.

Ed Craine (top right photo), CAMP President, said:  “The California Association of Mortgage Professionals (CAMP) is pleased to acknowledge First California Mortgage Company with our 2011 Corporate Affiliate of the Year Award.

“Throughout the year, First California Mortgage Company has displayed attributes of professionalism, community involvement, and fair business practices.

“It is First California Mortgage Company’s longtime support of CAMP and their dedication to mortgage professionals that has made our industry a better place to conduct business.” -

Christopher K. Hart (lower left photo)First Cal's President said, “First Cal continues to be committed to both the independent mortgage originator and to redefining the mortgage industry through innovated approaches to building home buyer confidence in the U.S. mortgage market.”

  First Cal’s innovative thinking and strong leadership have led the Company to continued success in 2011. First Cal is focused on providing the best home buying experience throughout the Western United States.

Chris Hart, President of First Cal asked Ryan Madden, Wholesale Division Manager, to accept the Award as Chris and his wife Angela were busy giving birth to their 3rd child.

Contact:

First Cal

Doug Thomas

707.238.3700

marketing@firstcal.net

www.firstcal.net

Coldwell Banker Makes Big Waves in La Jolla’s Oceanfront Real Estate Market

LA JOLLA, CA.--(BUSINESS WIRE)--Coldwell Banker Residential Brokerage La Jolla has widened their imprint in San Diego County’s luxury residential real estate market by announcing today the closed sale of a 6,039 square-foot oceanfront home for an undisclosed amount and with a listing price of $13.9 million.

According to the Multiple Listing Service, the deal marks the highest purchase price for a residential property in San Diego County this year, eclipsing the previous high of $8 million.

 Additionally, the sale marks the first oceanfront property sold in La Jolla this year. The four-bedroom, 4 1/2 bathroom home sits on sprawling grounds in La Jolla with a perfect orientation and features panoramic ocean views.

Sarah Flynn Tudor (top right photo) of Coldwell Banker Residential Brokerage in La Jolla represented the buyer in this landmark property sale, as the company continues to bring ultra-luxury real estate buyers and sellers together through their Coldwell Banker Previews International® program, a global marketing service and network dedicated to the world’s high-end real estate markets.

In addition to the record-setting oceanfront sale, a former two-story oceanfront home of famed scientist Dr. Roger Revelle (middle right photo), father of the global warming theory, has been re-introduced to the market by Coldwell Banker La Jolla’s Linda Marrone in the Barber Tract neighborhood of La Jolla for $12.5 million. The property, aptly coined “Casa del Lido” (Home on the Beach), offers five-bedrooms, four-bathrooms and a fascinating family legacy that spans across 90 years.

“As the company behind these amazing oceanfront homes, we are able to connect buyers and sellers with their absolute dream properties,” said Jeffrey Nunn, branch manager of Coldwell Banker Residential Brokerage La Jolla. “Backed by the greatest brand name in real estate and an experienced team here in the La Jolla office, each and every sales agent is passionate about finding our clients their perfect property. It’s our dream job.”

Coldwell Banker La Jolla has listed yet another notable oceanfront property slated to hit the market in the coming weeks. Nestled in the coveted Bird Rock neighborhood of La Jolla, the 5-bedroom, 7 1/2-bathroom home is listed with a price tag of around $7.5 million and is located next-door to the current site of where MTV’s The Real World is currently being filmed.

The luxury home boasts 90 feet of ocean frontage, approximately 6,733 square-foot of living space and features expansive windows in each room with spectacular ocean views.

“We wanted to make sure the filming next-door had been completed and our listing was staged to perfection before offering the home for sale,” said agent Maria Weiss of Coldwell Banker Del Mar, who is sharing the listing with Irene McCann of Coldwell Banker La Jolla.

 “There are a lot of bright lights the film crew requires for the taping, and we just want to make sure we showcase the home and neighborhood in its natural environment, away from the attention-grabbing scene going on next-door during the filming.”

The closing of San Diego County’s highest priced sale this year comes on the heels of the recent sale of Candy Spelling’s Holmby Hills mansion in Beverly Hills (middle left photo of Candy Spelling) , which was a listing of a Coldwell Banker agent from Los Angeles with a U.S. record listing price of $150 million.

Located in the heart of the Village of La Jolla, Coldwell Banker Residential Brokerage has been involved with the home sales and purchases of some of the country’s most luxurious properties through its acclaimed Previews International® program.

For more information regarding the record-setting San Diego County sale, Coldwell Banker Previews International® program and other luxury listings by the Coldwell Banker Residential Brokerage La Jolla, please contact Branch Manager, Jeffrey Nunn at (858) 602-8880, or by email at jeff.nunn@camoves.com.

Contacts

The Hoyt Organization

Medha Paliwal, mpaliwal@hoytorg.com

Leeza Hoyt, llhoyt@hoytorg.com

310-373-0103

http://www.hoytorg.com

$200 Million Online Auctioning of Commercial Real Estate Garnering Substantial Nationwide Interest

IRVINE, CA, Aug. 13, 2011.--(BUSINESS WIRE)--Auction.com, the nation’s leading real estate auctioneer and loan sales advisor, is auctioning $154 million in Notes secured by commercial real estate from across the United States.

($1.4 million is the starting bid on Auction.com for this 85,848 SF, Mixed-Use property in Clearwater, Fla. (top left Photo: Business Wire)

Online bidding opens on August 15, 2011, at 10:00 a.m. PDT and closes at 10 a.m. PDT on August 17, 2011.

This is followed the next day by its online auctioning of 50 commercial REO properties valued at over $50 million from 15 states.

Online bidding opens on August 16, 2011, at 10:00 a.m. PDT and closes at 10:00 a.m. PDT on August 18, 2011.

“Investors can perform due diligence on our website, and we are seeing enormous nationwide pre-auction interest in the myriad of properties available,” says Auction.com CEO Jeff Frieden (middle right photo)

  “Despite market volatility, investors are interested in acquiring notes secured by commercial real estate and REO properties. We are gearing up for an aggressive and lively online auction.”

Combined, the two online auctions feature over 100 commercial properties, including hotel, multi-family, retail, mixed use, industrial, office and mobile home parks, ranging from: a 32,296 SF anchored retail property in Norco, Calif., starting bid of $900,000; to a 108,269 SF, Class B office property in Olympia Fields, IL, starting bid: $1.2 million; to a 3-story, 70-unit apartment building Philadelphia, Pa., starting bid: $600,000; to a 25,841 SF mixed-use building in Kent, Wash., starting bid: $500,000; and a 52,440 SF grocery-anchored neighborhood shopping center with 97% occupancy in Gainsville, Ga., starting bid: $900,000.

Established in 1990, Auction.com, and its predecessor entities, pioneered the model for modern real estate auctions and has transformed into a comprehensive real estate services company.

 The company has established a dominant position in its industry by selling more than $9 billion in real estate assets at auction since 2007.

Additional services include residential loss mitigation and title agency and escrow/closing services. Primary clients are residential and commercial mortgage lenders, servicers and home builders.

Auction.com’s success as a company is based on the aggregation of real estate assets that are marketed and sold in large format auctions across the country and online.

Auction.com is headquartered in Irvine, California, and has offices in Dallas and New York. Visit .Auction.com for more information.

Contacts

Auction.com

Max Sucee, 949-639-3558

Director of Public Relations

Cell: 818-531-2623

MaxwellS@auction.com