Clark/McCarthy JV Design-Build Team Completes Construction of $456 Million Naval Hospital at Marine Corps Base Camp Pendleton in San Diego, CA

New Naval Hospital at Marine Corps Base, Camp Pendleton, San Diego, CA

SAN DIEGO, CA– Delivering the project six months ahead of schedule and more than $100 million under budget, the joint venture (JV) design-build team of Clark Construction Group, LLC, and McCarthy Building Companies, Inc., has completed construction of the new 1,000,000-square-foot (total campus) Naval Hospital at the Marine Corps Base Camp Pendleton.

Capt. Mark A. Kobelja

HKS Architects, Inc., Los Angeles, was the project architect-of-record, while HDR Architecture, Inc., San Diego, served as the architectural designer for the new hospital. Young+Co., Inc. of San Diego, HDR Architects and HKS Architects collaborated on the interior design.

Dignitaries with the Naval Facilities Engineering Command (NAVFAC) Southwest, the construction team and hospital commemorated the extraordinary feat during an official ceremony held October 17th to pass the facility key from the Clark/McCarthy JV to NAVFAC to the Navy Medicine. Representatives of all parties were on hand to celebrate the occasion.

"The replacement hospital is a facility 'catch-up' for the progress of modern medicine, since the last facility was built in the early 1970s,” said Capt. Mark A. Kobelja, commanding officer of the Naval Hospital Marine Corps Base Camp Pendleton. 

“The new facility utilizes evidence-based design to enhance healing for  patients, as well as efficient and effective design to conserve water and energy, protect from earthquakes and optimize the work environment for staff.  

"Designed as a like-for-like replacement of existing capabilities, the new facility will greatly enhance those capabilities with the newest facility and equipment technologies.

" Add in the ocean view, large windows, greenery and pleasing finishes and textures throughout, and it's little wonder our staff and patients are ready to move in.”

For a complete copy of the company’s news release, please contact:

Bonnie Kutch

Director

619-299-1010

Kutch & Company

6434 Caminito Listo | Suite B-100 | San Diego, California 92111

RealtyTrac® Reports Institutional Purchases Reach New High in September With 14 Percent of all U.S. Residential Sales

Daren Blomquist

IRVINE, CA – Oct. 24, 2013 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its September 2013 U.S. Residential & Foreclosure Sales Report, which shows that U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annualized pace of 5,673,249 in September, up 2 percent from August and up 14 percent from September 2012.

The national median sales price of all residential properties — including both distressed and non-distressed — in September was $174,000, up 1 percent from a revised $172,000 median price in August and up 6 percent from a $164,500 median price in September 2012.

The median price of a distressed residential property — in foreclosure or bank-owned — in September was $112,000, 41 percent below the median price of $189,000 for a non-distressed residential property. Distressed sales combined accounted for 25 percent of all sales in September, up from 18 percent of all sales a year ago.

“The housing market continues to skew in favor of investors, particularly deep-pocketed institutional investors, and other buyers paying with cash,” said Daren Blomquist, vice president at RealtyTrac.

“While the institutional investors are pulling back their purchases in many of the higher-priced markets — places like San Francisco, Washington, D.C., New York, Seattle and Sacramento — they are continuing to ramp up purchases in markets where median prices are still below $200,000 — places like Jacksonville, Atlanta, Charlotte, St. Louis and Dallas.

“The availability of distressed inventory also makes a difference. For example, institutional investor purchases have rebounded in Las Vegas corresponding to a recent rebound in foreclosure activity there.

“Distressed sales remain persistently high, particularly short sales,” Blomquist added. “Markets with the biggest increases in short sales tend to be those where either foreclosure starts or scheduled foreclosure auctions have rebounded in the last 18 months — translating into more motivated short sellers — or those with a still-high percentage of underwater homeowners with negative equity.”

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

Brittney Marin

949.502.8300, ext. 107

brittney.marin@realtytrac.com

Data and Report Licensing:

800.462.5193

datasales@realtytrac.com