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		<title>SF Real Estate Value Grows by $6 Billion</title>
		<link>http://homesmillbrae.com/1620/sf-real-estate-value-grows-by-6-billion/</link>
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		<pubDate>Thu, 26 Jul 2012 23:07:08 +0000</pubDate>
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		<description><![CDATA[advertisement It&#8217;s a great Recession to be a property owner. For now at least. Copyright NBC Owned Television Stations Article source: http://www.nbcbayarea.com/news/local/San-Francisco-Real-Estate-Value-Grows-by-6-Billion-163918026.html]]></description>
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<p>                    <span class="advertHead">advertisement</span></p>
<p>   <a href="http://iv.doubleclick.net/jump/nbcu.lim.bay/pid_freel_news-local-article;!category=bay;!category=news;!category=freel;!category=;contentgroup=;site=bay;pid=freel;sect=news;sub=local;sub2=;contentid=163918026;contentgroup=;kw=;mtfIFPath=/includes/;tile=3;pos=1;sz=300x250,300x251;ord=123456a?" target="_blank"><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/897f6_%3Btile%3D3%3Bpos%3D1%3Bsz%3D300x250%2C300x251%3Bord%3D123456a" border="0" alt=" SF Real Estate Value Grows by $6 Billion"  title="SF Real Estate Value Grows by $6 Billion" /></a></p>
<p>It&#8217;s a great Recession to be a property owner. For now at least.</p>
<p />
<h5 class="copyright">
<p>		    		         	Copyright NBC Owned Television Stations<br />
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<p>Article source: <a href="http://www.nbcbayarea.com/news/local/San-Francisco-Real-Estate-Value-Grows-by-6-Billion-163918026.html">http://www.nbcbayarea.com/news/local/San-Francisco-Real-Estate-Value-Grows-by-6-Billion-163918026.html</a></p>]]></content:encoded>
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		<title>SF Real Estate Agent, Brokered Radio Show Host Sentenced In Mortgage Fraud Case</title>
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		<pubDate>Mon, 09 Apr 2012 11:58:33 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[Edwin Parada A SAN FRANCISCO real estate agent, pastor, and brokered Spanish-language radio host has been sentenced to 15 years in prison after pleading guilty to mortgage fraud charges, reports BAY CITY NEWS. EDWIN PARADA was sentenced FRIDAY to prison &#8230; <a href="http://homesmillbrae.com/1414/sf-real-estate-agent-brokered-radio-show-host-sentenced-in-mortgage-fraud-case/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>                <a href="/assets/img/editorial/raw/pa/parada20edwin.jpg" title="Edwin Parada"><br />
                    <img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/0c7e2_parada20edwin.jpg" alt="0c7e2 parada20edwin SF Real Estate Agent, Brokered Radio Show Host Sentenced In Mortgage Fraud Case" width="100" height="114" title="SF Real Estate Agent, Brokered Radio Show Host Sentenced In Mortgage Fraud Case" /></a></p>
<p>Edwin Parada</p>
<p>A SAN FRANCISCO real estate agent, pastor, and brokered Spanish-language radio host has been sentenced to 15 years in prison after pleading guilty to mortgage fraud charges, reports <a href="http://sfappeal.com/news/2012/04/radio-show-hosts-sentenced-to-15-years-in-2-million-mortgage-scam.php" target="_blank">BAY CITY NEWS</a>.</p>
<p>EDWIN PARADA was sentenced FRIDAY to prison in the scheme, which involved contacting victims through the radio show and through his real estate work, offering to help them with refinancing or buying and selling their homes, and taking money from the victims while in some cases taking title to their homes or refinancing the properties and taking equity for himself.  </p>
<p>He allegedly laundered the money through family members and a business.</p>
<p>« see more Net News</p>
</li>
<p>Article source: <a href="http://www.allaccess.com/net-news/archive/story/104596/s-f-real-estate-agent-brokered-radio-show-host-sen">http://www.allaccess.com/net-news/archive/story/104596/s-f-real-estate-agent-brokered-radio-show-host-sen</a></p>]]></content:encoded>
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		<title>Dick Spotswood: Sinking those toll dollars into SF real estate &#8211; Marin Independent</title>
		<link>http://homesmillbrae.com/1197/dick-spotswood-sinking-those-toll-dollars-into-sf-real-estate-marin-independent/</link>
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		<pubDate>Sun, 08 Jan 2012 16:56:16 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[EACH YEAR available funds for basic governmental service decrease. In Marin, police, fire, schools, sewers, public transit and social services all have to make do with less. Part of the cause is too much tax revenue ends up paying for &#8230; <a href="http://homesmillbrae.com/1197/dick-spotswood-sinking-those-toll-dollars-into-sf-real-estate-marin-independent/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><span />
<p class="dropcap3raggedright">EACH YEAR available funds for basic governmental service decrease. In Marin, police, fire, schools, sewers, public transit and social services all have to make do with less. Part of the cause is too much tax revenue ends up paying for needless bureaucracies and their gold-plated trappings. </p>
<p class="bodytextragright"> The best government professionals understand the new and permanent reality that their agencies need to become lean and efficient. Others still don&#8217;t get it.</p>
<p> Exemplifying the clueless are regional agencies led by the Metropolitan Transportation Commission who late last year voted to spend $167 million in bay bridges toll money to buy and remodel a 1940s-era eight-story office building in San Francisco&#8217;s booming South of Market district. </p>
<p>Moving in with MTC are the Bay Area Air Quality Control District and the Bay Conservation and Development Commission. The rationale is that all of these agencies need more space for their ever-increasing staffs. The financial justification is that during the next 20 years, earnings from renting excess space in the building at 390 Main Street will reap substantial profits that will more than pay the structure&#8217;s initial cost. </p>
<p> Trust that and you rely on the Tooth Fairy to fund your dental work.</p>
<p> The MTC will move from Oakland&#8217;s Joe Bort Metrocenter, which it shares with the Association of Bay Area Governments. Presumably, ABAG, with its own growing staff, is delighted to </p>
<p>take over the building.
<p> This is a Marin issue just as much as it relates to any of the Bay Area&#8217;s nine counties. </p>
<p>These regional bureaucracies stay under the radar because they aren&#8217;t responsible to any one county. Allegedly, they are responsible to the whole region. Effectively, they are responsible to no one. </p>
<p>Marin&#8217;s veteran MTC representative is Supervisor Steve Kinsey. He&#8217;s a key player at every step backing MTC&#8217;s publicity-shy honcho Steve Heminger. </p>
<p>Moving MTC from Oakland was a fight. Oakland is a troubled city that relies on high-paying government jobs to create its middle class. Oakland&#8217;s struggling downtown is chock-a-block with vacant 1940s-era office buildings. Many can be rented for a song, with owners delighted to make tenant improvements in return for long-term leases. </p>
<p> Purchasing 70-year-old 390 Main St. was decided on a 8-6 vote, with Kinsey standing with the majority.</p>
<p> When pondering why three regional agencies would need to purchase a 497,204-square-foot building to house their expanding staff, the question necessarily arises as to what it costs to pay these folks. </p>
<p> Check its employment numbers: MTC has 220 employees costing $30.5 million including &#8220;salaries and benefits&#8221; plus &#8220;other expenses.&#8221; That doesn&#8217;t include $39.8 million in &#8220;professional fees&#8221; </p>
<p>  The Bay Area Air Quality Management District of &#8220;Spare the Air on Christmas&#8221; fame has an astounding 321 employees. Its annual staff expenditures total $46.7 million, averaging $145,482 per employee, including pensions and health care. That&#8217;s plus $11.2 million for consultants. Monitoring chimneys is expensive. </p>
<p>The new edifice will house 580 full-time employees, whose annual earnings  total  $81.1 million. </p>
<p>What does the public get in return? Paper-pushers expert at mission creep. </p>
<p>That&#8217;s the definition of a project going well beyond its original assignment.</p>
<p>Invented with much promise in the 1970s, regional transportation, housing and air quality agencies thrive all over the Golden State. They are staff-heavy regional agencies, few of whom perform any on-the-ground public services. They are masters of &#8220;coordination.&#8221; </p>
<p> Now it&#8217;s clearer why municipalities have fewer firefighters, police, librarians, street repair crews, teachers, bus drivers and nurses. </p>
<p>A route to fostering people-serving public services is by dismantling this statewide web of empire-building bureaucracies that employ thousands and cost hundreds of millions.  </p>
<p class="taglinetrailer">Columnist Dick Spotswood of Mill Valley shares his views on local politics every Sunday in the IJ. His email address is spotswood@comcast.net. Read his musings at  http://blogs.marinij.com/spotswood/</p>
<p><span /></p>
<p>Article source: <a href="http://www.marinij.com/opinion/ci_19691993">http://www.marinij.com/opinion/ci_19691993</a></p>]]></content:encoded>
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		<title>Man Arrested In SF Real Estate Scam</title>
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		<pubDate>Sat, 07 Jan 2012 22:52:08 +0000</pubDate>
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		<description><![CDATA[A Stockton man was arrested this week after allegedly defrauding seven people in San Francisco out of more than $300,000 in a phony investment scheme, according to police. Keith Wilson, 55, was arrested Tuesday in Stockton on a $1 million &#8230; <a href="http://homesmillbrae.com/1196/man-arrested-in-sf-real-estate-scam/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>A Stockton man was arrested this week after allegedly defrauding seven people in San Francisco out of more than $300,000 in a phony investment scheme, according to police.</p>
<p>Keith Wilson, 55, was arrested Tuesday in Stockton on a $1 million arrest warrant out of San Francisco after a 22-month long investigation into his businesses Tribeca Properties, LLC, and Lone Cedar Corporation, police said.</p>
<p>Wilson offered investment opportunities involving the purchase of distressed or foreclosed properties. Several victims became suspicious, however, after they discovered the properties had never been purchased by Wilson or his companies. </p>
<p>Wilson, who is now in custody in San Francisco, faces charges including securities fraud, money laundering, grand theft and elder abuse, police said. </p>
<p><strong>Want more news, sent to your inbox every day? Then how about <a href="http://visitor.constantcontact.com/manage/optin/ea?v=001Bqjc9ot8k3xCXydA_1ooPA%3D%3D">subscribing to our email newsletter</a>? <a href="http://sfappeal.com/alley/2010/09/in-which-we-flog-our-email-newsletter.php">Here&#8217;s why we think you should</a>. Come on, <a href="http://visitor.constantcontact.com/manage/optin/ea?v=001Bqjc9ot8k3xCXydA_1ooPA%3D%3D">give it a try</a>.</strong></p>
<p>Article source: <a href="http://sfappeal.com/news/2012/01/man-arrested-in-sf-real-estate-scam.php">http://sfappeal.com/news/2012/01/man-arrested-in-sf-real-estate-scam.php</a></p>]]></content:encoded>
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		<title>Yet Again, Local IPOs Make SF Real Estate Dearer Still</title>
		<link>http://homesmillbrae.com/1129/yet-again-local-ipos-make-sf-real-estate-dearer-still/</link>
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		<pubDate>Wed, 30 Nov 2011 13:02:51 +0000</pubDate>
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		<description><![CDATA[Some employees already working for comanies recently made public feel compelled to buy now, before the fresh crop of Zynga/Yelp millionaires enter the competition. Seems these young folks basically all want the same house, in the same place:&#8221;a modern, open-plan &#8230; <a href="http://homesmillbrae.com/1129/yet-again-local-ipos-make-sf-real-estate-dearer-still/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Some employees already working for comanies recently made public feel compelled to buy now, before the fresh crop of Zynga/Yelp millionaires enter the competition. Seems these young folks basically all want the same house, in the same place:&#8221;a modern, open-plan home in the southern part of town that&#8217;s convenient to the city&#8217;s tech hub south of Market Street&#8221; and public transportation options.</p>
<p>Meanwhile, sellers in the know are waiting to list. <strong>&#8220;It seems foolish to put [my house] on the market when there are a thousand people down the street who are about to make a million dollars,&#8221; </strong>said SF homeowner Adam Holm, whose Potrero Hill home is easy walking distance to Zynga&#8217;s headquarters.<br />
· <a href="http://www.reuters.com/article/2011/11/23/us-realestate-sanfrancisco-idUSTRE7AM2KH20111123">IPOs Stoke San Francisco Housing Market</a> [Reuters]</p>
<p>Article source: <a href="http://sf.curbed.com/archives/2011/11/29/yet_again_local_ipos_make_sf_real_estate_dearer_still.php">http://sf.curbed.com/archives/2011/11/29/yet_again_local_ipos_make_sf_real_estate_dearer_still.php</a></p>]]></content:encoded>
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		<title>SF Real Estate &quot;Strongest&quot; in the State</title>
		<link>http://homesmillbrae.com/775/sf-real-estate-strongest-in-the-state/</link>
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		<pubDate>Fri, 22 Jul 2011 20:46:43 +0000</pubDate>
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		<description><![CDATA[advertisement San Francisco Assessor-Recorder Phil Ting announced Thursday that the value of the City&#8217;s real estate grew by nearly $2 billion in the past fiscal year, a contrast to decreasing property values in most other parts of California. The total &#8230; <a href="http://homesmillbrae.com/775/sf-real-estate-strongest-in-the-state/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>        <span class="advertHead">advertisement</span></p>
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<p><!--adPartnerCode: pid_baycn_/adPageName: news-local/adContentType: -article/adcatexcludes: !category=bay;!category=news;!category=baycn;!category=;--></p>
<p><a href="http://iv.doubleclick.net/jump/nbcu.lim.bay/pid_baycn_news-local-article;!category=bay;!category=news;!category=baycn;!category=;site=bay;pid=baycn;sect=news;sub=local;sub2=;contentid=126021233;contentgroup=;kw=;mtfIFPath=/includes/;tile=3;pos=1;sz=300x250,300x600;ord=123456a?" target="_blank"><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/110b5_%3Btile%3D3%3Bpos%3D1%3Bsz%3D300x250%2C300x600%3Bord%3D123456a" border="0" alt=" SF Real Estate &quot;Strongest&quot; in the State"  title="SF Real Estate &quot;Strongest&quot; in the State" /></a></p>
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<p>San Francisco Assessor-Recorder Phil Ting announced Thursday that the value of the City&#8217;s real estate grew by nearly $2 billion in the past fiscal year, a contrast to decreasing property values in most other parts of California.</p>
<p>The total roll assessment value, a combination of residential and commercial property values, grew by 1.3 percent to $163 billion during the fiscal year that ended June 30.</p>
<p>&#8220;We&#8217;re very, very fortunate in San Francisco,&#8221; Ting said. &#8220;We still have the strongest real estate market in the state.&#8221;</p>
<p>He said many homeowners are still worried about the real estate market but predicted &#8220;we&#8217;re going to see a continued resurgence&#8221; in the coming years.</p>
<p>Daniel Cressman, executive vice president of the commercial real estate company Grubb  Ellis, said the value of the city&#8217;s commercial properties are doing particularly well.<br />
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San Francisco is &#8220;one of the very few markets in the entire country where investment demand for commercial office space is far outstripping the available supply that&#8217;s for sale,&#8221; Cressman said.<br />
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That has led to property value increases of up to 40 percent in recent years, he said.</p>
<p>John Lee, the former president of the San Francisco Association of Realtors, said the residential market is not doing as well, particularly for middle-class homeowners.</p>
<p>&#8220;People worried about jobs can&#8217;t commit to a long-term financial obligation,&#8221; Lee said.</p>
<p>He said, &#8220;I think the worst is behind us,&#8221; but predicted the next few years for the market will probably be about the same as the past one.</p>
<p>About 18,800 owners of single-family homes received a one-year temporary reduction last year in the assessed value of their properties, saving them a combined $27 million in taxes, Ting said.</p>
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<p>Article source: <a href="http://www.nbcbayarea.com/news/local/SF-Real-Estate-Strongest-in-the-State-126021233.html">http://www.nbcbayarea.com/news/local/SF-Real-Estate-Strongest-in-the-State-126021233.html</a></p>]]></content:encoded>
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