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The Real Estate Commissioner is appointed by the Governor, and serves as the chief executive of the Department of Real Estate. [4]Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024.
Building Standards Commission, California (CBSC) Bureau of Real Estate Appraisers (BREA) Business and Economic Development, Governor's Office of (Go-Biz) Business, Consumer Services, and Housing Agency, California (BCSH) Cannabis Control Appeals Panel (CCAP) Cannabis Control, Department of (DCC) Cemetery and Funeral Bureau (CFB)
The California Real Estate Act has two core components: licensing and enforcement. [1] [2] Both licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies. [2]
Public Storage is a "self-administered, self-managed" real estate investment trust (REIT). [2] A REIT is an organization that primarily purchases and operates real estate investments and returns at least 90 percent of its incomes to investors. [36] It combines the capital of a large number of investors for real estate projects. [20]
Blackstone Group LP announced in November 2015 that it would acquire 43 international and domestic real estate funds from CalPERS for $3 billion. [ 27 ] In 2015, Kevin de León , who was the California State Senate majority leader at the time, introduced legislation to require CalPERS and CalSTRS divest from coal and the California Democratic ...
The Business, Consumer Services and Housing Agency (BCSH) is the California government cabinet-level agency that assists and educates consumers regarding the licensing, regulation, and enforcement of professionals and businesses. [3]
Lowe was founded in Los Angeles, California in 1972 by Robert J. Lowe, Sr. and three business partners as a diversified real estate investment, management, and development firm. Since its inception, it has developed, managed or acquired $32 billion in assets.
In June 2017, it sold the property to Arden Group for $148.8 million. [6] In October 2008, the company acquired the Ordway Building, the tallest building in Oakland, California as part of a $412 million acquisition from Brandywine Realty Trust. [7] In 2008, the company completed the development of The 88, the tallest building in San Jose ...