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real estate

Turlock Red Steer arsonist accused of $1.3 million real estate scam

in crime/News

Tracy Smith, the former Turlock resident who was convicted of burning down the Red Steer and implicated in a multitude of shady business and investment dealings, has been indicted for allegedly running a fraudulent real estate investment scheme in various parts of the state.

Smith is accused of scamming more than $1.3 million from seven victims, according to the California Attorney General's Office.

A 13-month investigation into Smith's activities and his business, Downkicker Inc., resulted in a special statewide criminal grand jury indictment for Smith on 38 counts, including one count of operating a fraudulent securities scheme, 19 counts of securities fraud, 17 counts of grand theft and one count of elder abuse. He was arraigned Monday in San Diego County Superior Court. The alleged crimes took place in the counties of San Diego, Riverside, San Francisco and Santa Clara between August 2017 to September 2018.

Continue Reading on Turlock Journal

More apartments proposed for North Olive Avenue

in News

As the rental market both locally and nationally continues to rebound from the coronavirus pandemic, yet another application to build apartments in town has been submitted to the City of Turlock.

Gilbert George of RBG Construction, a Modesto-based company, is hoping to build apartments on the bare plot of land located at 906, 908 and 930 N. Olive Ave., which he owns. According to documents posted online by the City, the apartments will consist of four two-story townhouse apartment buildings for a total of 20 units complete with garages, parking, fencing and landscaping. The units will be approximately 1,494 to 1,565 square feet in size,

The land had previously housed two homes and poultry structures, which have since been demolished, and construction on the rentals is set to begin in August, should the project be approved. The estimated completion date for the project is October 2022. 

Continue Reading on Turlock Journal

Coronavirus: California home sales now ‘essential’ but health risks scare agents

in Around California/People

Real estate agents have serious concerns about what would seem to be good news: reclassifying their work as “essential” in this era of coronavirus fears.

Over the weekend, residential real estate sales were added to an updated list of essential services from the U.S. Department of Homeland Security Cybersecurity and Infrastructure Security Agency. That seemingly gave a green light to the resumption of sales since that same list was key to a previous no-selling interpretation of Gov. Gavin Newsom’s “stay at home” order.

But real estate professionals, in interviews with the Southern California News Group and numerous comments on social media, questioned the health risks from restarting the very personal sales process that includes bringing strangers into other people’s homes.

Continue Reading on OC Register

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