Showing posts with label 92882. Show all posts
Showing posts with label 92882. Show all posts

Corona, CA: Road extension stuck in budget traffic jam (Foothill Westerly)


Fans and foes of the Foothill Parkway westerly extension will have to wait at least another year before the bulldozers arrive to complete the missing link between Skyline Drive and Paseo Grande in Corona.

The $35 million project, envisioned since the mid-1980s, was to begin in the fall of 2009. It was delayed a year, and now construction of the two-mile road is scheduled to begin this fall. Maybe.

Corona still must acquire several acres of right-of-way, according to Clint Herrera, a senior civil engineer and project manager, and two-thirds of the funding has yet to be approved.

Once work begins, he said, construction will take about two years.

Land acquisition has not gone as quickly as expected. Corona Mayor Stan Skipworth explained, "There have been continual negotiations taking place during this time with the intent of always being fair to the property owners. This approach is the right thing to do, but takes more time than opting for other legal means of acquisition."

Funding for the project will come primarily from the Riverside County Transportation Commission. Corona councilmember Karen Spiegel, who represents the city on the commission, is concerned but hopeful that construction will begin by the end of the year. "Funding is holding it up," she said. "RCTC is short on funding, but we're pushing to make it a high priority. Work on the 91 is the top priority in the county, so the (Foothill) funding is out of our control."

So far, she said, the city of Corona has spent about $6 million on planning.

Once completed, the extension is expected to reduce traffic by up to 40 percent on Ontario Avenue, which along with Sixth Street is the city's primary east-west thoroughfare. That's good news for residents along Ontario Avenue, which often is backed up with rush-hour commuters.

But not everyone is happy with the plan, particularly residents on Border and Mangular avenues, which will be connected to the extension and have traffic lights. Some residents still have signs on their front lawns protesting the connections.

"We're communicating with those residents," Herrera said. "We've promised to monitor traffic there after it's done and to mitigate any impact." Traffic studies, he said, indicate that Border and Mangular can accommodate any additional traffic.

Another concern is the likelihood that commuters heading north on I-15 to the westbound 91 freeway will be tempted to use Foothill Parkway to avoid congestion at that interchange. Herrera said studies show that improvements on the 91 will keep drivers on the I-15, adding, "We are aware that with accidents it will encourage commuters to find the easiest way to get around."

Widening the east end of Foothill Parkway, from Bedford Canyon Road to Tamarisk Lane, is a separate project. "Our intent is to have it widened by time the (westerly extension) is completed," Herrera said.

The Promenade Shops at Dos Lagos loan may be in default reports Credit Suisse!!!

Corona, CA: Two of the largest loans in recent commercial mortgage-backed securities, including one financing two Westin hotels, are close to default, according to Credit Suisse analysts.

A $209 million loan for Westin hotels in Tucson, Arizona, and Hilton Head, South Carolina, in October was transferred to a special servicer in October "due to imminent default," the analysts said in a research note on Tuesday.

The loan, originated by JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) in December 2007, is split between two JPMorgan CMBS issues, representing 8.9 percent of each deal, Credit Suisse said.

A JPMorgan spokesman declined immediate comment.

Westin is owned by Starwood Hotels & Resorts Worldwide Inc (HOT.N: Quote, Profile, Research, Stock Buzz).

A $125.2 million commercial mortgage for the Promenade Shops at Dos Lagos -- a retail center located in California's foreclosure-ridden Riverside-San Bernardino-Ontario metropolitan area -- this month was also transferred to a special servicer, which focuses on troubled loans, according to Credit Suisse.


The Promenade loan is 10.8 percent of one of the JPMorgan CMBS containing part of the Westin loan.

Commercial real estate securities have been shattered this year amid expectations weak underwriting standards of recent years and slowing economic growth will increase defaults from historically low rates. Many loans were made on expectations that cash flows from office rents, retail stores and hotels would continue to rise.

Tight credit conditions have also eliminated refinancing opportunities.

The percentage of commercial real estate loans sent to special servicers has jumped to nearly 1 percent of deals by mid-2008 from less than 0.5 percent a year earlier, according to JPMorgan data. The data suggest more defaults, and possibly interest shortfalls for investors as fees to special servicers mount, JPMorgan said in a slide presentation this week.

The Promenade Shops at Dos Lagos tree lighting...The reviews are in and they are not good!

Editors Note: This is a shared story from a Blogger!

It seems that Christmas is coming early this year, as it seems it arrives earlier than it did the year before. Soon enough, we’ll only have to cook one turkey on Thanksgiving and there’ll be leftovers for Christmas. We went down to Dos Lagos last night and witnessed the longest, most drawn-out tree lighting ceremony ever…and all they did was flip a switch, but we had to wait for the emcee, Santa himself, to give his approval. Apparently he was stuck on the freeway, and when they announced that, I wondered how many kids looked up at their parents, and through innocent eyes, asked, “Why doesn’t he just fly here with his reindeer?” And since it was only 80 degrees out, which puts only a few people in the mood for Christmas, I’m surprised Santa didn’t collapse from heat stroke in his giant suit… and it explains why he was walking so slowly.

But then after they flipped the switch on the giant tree and all the twinkley lights made the crowd go “ahhhh,” he was taking Christmas wishes from kids in front of Victoria’s Secret, which would be the first place I would have thought to mix Santa and children on a warm Friday night.

All of the stores are decked out with that one sections that smacks Old Saint Nick right in your face without actually saying Christmas; it’s all “Happy Holidays,” a well-dissolved blanket greeting that will certainly not upset anyone who celebrates one of the non-holidays this time of year. Do you know anyone who doesn’t celebrate Christmas? And if you do, are they frequently offended by seeing the word Christmas? Odds are good they aren’t. Anyways, as my frustration with PCC (Politically Correct Consumerism) rises as we get closer to Christmas, I’m sure I’ll have more to add on this topic.

Hearthside Lane in Corona in default!

Potential buyers beware

One of the new communities in Eastvale is in trouble. Irvine builder California Coastal Communities is in default on a loan that is secured by several properties. One of those is Hearthside Lane in Corona. They are currently negotiating with the lender to turn over these properties to them. So it you are currently looking at a Hearthside home you might want to hold off. There's no telling what will happen once the lender takes the project.

Here's part of the press release

Impairment charges of $29.1 million recorded during the third quarter of 2008 primarily reflect fair value write-downs for the Hearthside Lane project in Corona and Las Colinas project in Lancaster of $24.1 million and $1.5 million, respectively, and a $3.4 million charge related to our Woodhaven project in Beaumont. Subsidiaries of Hearthside Homes, Inc. are currently in default on the loans secured by the Hearthside Lane and Las Colinas projects and they are attempting to negotiate a consensual resolution of the loans which is likely to involve turnover of the properties securing these loans to the lender. Therefore, under GAAP the Company was required to reduce the carrying value of the Hearthside Lane and Las Colinas projects to their estimated fair values during the quarter ended September 30, 2008. After these impairment charges, the related debt exceeds the carrying value of these assets by approximately $18.5 million. If the Hearthside Lane property is transferred to the lender in full settlement of that loan, the Company will recognize a substantial gain as a result of debt cancellation. If the gain is equal to the amount that the recorded debt exceeds the carrying value of the assets, the $18.5 million pretax gain would result in a gain of $10.9 million after tax, or $1.00 per share. Both of these loans are guaranteed by Hearthside Homes, Inc.; however, they are not guaranteed by and do not otherwise constitute obligations of California Coastal Communities, Inc. There can be no assurance that the lender will agree to a consensual resolution of these loans.


Corona, CA native Victorine out 6-8 months after knee surgery!

Chivas USA's Sasha Victorine successfully underwent microfracture surgery on his left knee and is expected to miss 6-8 months, the Major League Soccer club announced on Wednesday.

Victorine, who joined Chivas USA from the Kansas City Wizards on Sept. 15, originally suffered the injury to his knee in the match against the Colorado Rapids on Oct. 19.

In his MLS career, the Corona, Calif. native has played a total of 232 matches, with 32 goals and 40 assists. At the international level, Victorine has four caps and one goal for the full U.S. national team.


Pascarella Excited About Saturday Visit (Corona, CA)

Centennial HS OL Gavin Pascarella (Corona, CA) will make his official visit to Boise State on Saturday. It's no secret that Pascarella is one of the targets on the recruiting board. Expect the Bronco coaching staff to give him the full Boise State experience. He spoke to BroncoCountry.com about the visit on Saturday and his most recent game.

The Crossings at Corona Fountain: Photographers Perspective


Daum Represents Seller in Sale of 4190 Green River Located in Corona, CA

Quick Pitch $1.9 Million Office Building Sale in Corona, CA

DAUM Commercial Real Estate Services announced today that it represented Lawrence and Vicki Jackson in the sale of an 8,204- square foot office building located in Corona. The total consideration of the sale was $1,900,000.

Mike Barreiro of DAUM’s Newport office represented the sellers, Lawrence and Vicki Jackson in the transaction. The free standing, two-story, class-A office building is located at 4190 Green River in Corona. This is a user/investment deal, with the buyer occupying half, and the seller leasing back half.

Recruiting Update: Week 12 Corona, CA

Sean Martin, Defensive Back, 6'0", 170 lbs, Corona, CA. Apparently he had already made up his mind, but decided to commit by phone to Mike Riley after the UCLA game. He was at the game, interacted with the coaching staff, and then committed. His other current offer appears to be from Minnesota, and he is being recruited by most of the Pac 10 schools. Even with the forthcoming graduation of Afalava, Lewis, and Hughes the Beavers have excellent depth in the defensive backfield for next year and we should all expect for Sean to redshirt and not really compete for playing time until 2010.

Famous Stars & Straps Warehouse Sale

I first heard news that the FMS warehouse sale was going down the other day, however I didn't post it because the date was not squared away 100%. Anyways, on December 6th, 2008 the warehouse sale will be held at the Famous Showroom just like last time. Its your one chance of the year to get gear for incredibly low prices. Shirts - $5.00, Denim - $15.00, Shoes - $8.00, Buckles - $1.00, and so on and so forth. So dont miss out, I'll be their for sure so dont be shy, come on up and say hey.


1821 WILD TURKEY CIRCLE
CORONA CA 92880
1-951- 817-0817

Circle City Miss Corona Scholarship Pageant

www.misscoronapageant.com

I just wanted to inform everyone that we will be having the 1st annual Circle City Miss Corona Scholarship Pageant (Actually this year it will be a Queens Corination) this event will take place at the Historical Civic Auditorium at the end of November. Please check our web site for more details and how to aquire tickets to our event.


Something Smells Citrusy! A Blogger's perspective of Cirtus City Grille.

Mmmmm, the smell as you drive into the parking lot of Corona's Dos Lagos is something that will send your appetite into overdrive. The culprit to the scentsation...the Citrus City Grille.

One Saturday afternoon, my husband and I had a day all to ourselves (Papa had the boys), so, we decided to head to my "happy place" to enjoy an afternoon of relaxing and enjoying a good meal. The scent of citrus and herbs permeated the air, and like true epicures, my husband and I allowed our imagination of taste to lead the way.

As we entered the Citrus City Grille, we were amazed by the modern decor; and yet, the Grille also had a very zen-like appeal. The restaurant, with its obvious upscale elements, also lead one to feel at ease and relaxed. As the hostess lead us through the area, and out onto the patio; we noticed many wonderful attributes about the eatery. There was an amazingly clean, open-view kitchen, which we were later told, by the manager, Willyum Gald, that this was created to help customers decide what to order, by first viewing the impressive plating of the entrees. We also strolled by the wine cellar which held over 150 selections.

Are dining area of choice was the patio area that was centered around a grass lawn (there was also a mini putting green). The most wonderful part about this area was the view, which boast the two lakes by which Dos Lagos receives its name. Serene, lovely...tranquil. Out on the grass where several plush sofas and chairs for persons to sip wine and sit quietly while enjoying the view and listen to cool jazz.

Our lunch was delicious and the service was impeccable. We were enjoying ourselves so much that we ended up just sitting and enjoying the scenery...uninterrupted for several hours. Hey, what's the rush...NO KIDS!

Oh yes, I must mention this wonderful feature: Just outside the bathroom was an area just for washing your hands. That's right, rather than going into the restrooms, the Grille created an area specifically for hand-washing. By the way, I took a peak into the potties...they were equally beautiful.

The Citrus City Grille will give you an excellent dining experience. Enjoy!


Interactive Classroom Makeover Contest...VOTE for Corona, CA!

Technology “6-8 Grade″

Corona Ranch Elementary School
Corona, CA Click HERE

FREE Coffee for Voting...Say WHAT?

Vote TODAY, November 4th, and visit Starbucks at The Promenade Shops at Dos Lagos (as well as other participating Starbucks) for a FREE Tall Brewed Coffee.

(Tales from the Koo Koo file): VIDEO: UFO FOOTAGE OVER CORONA, CALIFORNIA

UFO sighting Corona CA 10/24/2008 (Re-Printed)

The power went out in our house around 10pm. I looked outside to see if any other houses were out. It turned out the whole neighborhood was out and these strange lights were overhead. My wife and I video taped the lights for about 5 min before our battery in the camera went dead. All of our neighbors were out taking pics as well. Let me know what you all think...


The Promenade Shops at Dos Lagos Upcoming Events

October 25
2:30 - 6:00 PM
The Riverside County Registrar or Voters - Early Voting
The Promenade Shops at Dos Lagos

October 30
4:00 - 8:00 PM
Shelters Rock Launch Party
G by Guess

October 31
Dusk - 9:00 PM
Trick-or-Treating
The Promenade Shops at Dos Lagos
7:00 - 9:00 PM
Movie by the Lake: Casper
Dos Lagos Amphitheater

October 31
9:00 PM - CLOSE
BOO Bash
RA Sushi
The Promenade Shops at Dos Lagos

November 5
10:00 - 11:15 AM
Promenade Pals: Singing with Jamie Sheehan
Dos Lagos Amphitheater
November 6
5:00 - 9:00 PM
Girls Night Out: Banana Republic & Castles & Cottages
The Promenade Shops at Dos Lagos

November 8
3:00 - 6:00 PM
Fender Center's Kids Rock Free Performance Groups
Dos Lagos Amphitheater

November 9
9:00 AM - 12:00 PM
Cool Cars & Classic Rides
The Promenade Shops at Dos Lagos

November 15
5:00 - 9:00 PM
Annual Tree Lighting Ceremony
6:00 - 9:00 PM
FREE Horse Drawn Carriage Rides
7:30 - 9:00 PM
Visit with Santa & Mrs. Clause
The Promenade Shops at Dos Lagos

November 16
4:00 - 6:00 PM
Dickens Carolers Quartet
The Promenade Shops at Dos Lagos

November 22
12:30 PM & 5:00 PM
Curtain Call of Corona presents
"School House
Rock Live Jr."
Dos Lagos Amphitheater
6:00 - 8:00 PM
Dickens Carolers Quartet
The Promenade Shops at Dos Lagos

November 23
4:00 - 6:00 PM
Dickens Carolers Quartet
The Promenade Shops at Dos Lagos

November 28
9:00 - 11:00 AM $10,000 Gift Card Giveaway / KOLA Remote
The Promenade Shops at Dos Lagos

*Events are subject to change without notice. Events are weather-permitting.

The Riverside County of Voters - Early Voting
Saturday, October 25 * 2:30 - 6:00 PM

The Riverside County Registrar of Voters will set up polling stations at The Promenade Shops at Dos Lagos for early voting opportunities. Avoid the crowds and lines at polling places on November 4 by voting at The Promenade Shops at Dos Lagos on Saturday, October 25!

GIVE ADOPTS JFK MIDDLE COLLEGE HIGH SCHOOL IN NORCO

The official partnership will encourage the exchange of ideas between the nonprofit
and the students, in an effort to promote sustainability.

NORCO, Calif. – The Green Institute for Village Empowerment has adopted its first school campus, John F. Kennedy Middle College High School, in an attempt to help spread the message of sustainability to today’s youth.

The adoption was formalized at a special assembly Thursday involving several Corona-Norco Unified School District officials, more than 600 students and GIVE founder, Ali Sahabi. This is the first school adoption for both GIVE and the JFK campus.

“This is a wonderful adoption and very applicable to JFK,” said Corona-Norco School Board President Cathy Sciortino. “It reflects the philosophies of John F. Kennedy, to ‘Dream of things that never were,’ and I believe that GIVE embodies that idea.”

Under the terms of the adoption, GIVE will educate JFK students about sustainability, and the students will spread the message through presentations they will make to elementary schools, said JFK Principal Don Ward.

“This adoption is meant to be a people-people thing,” Ward said. “It’s all about the positive exchange of ideas and collaboration.”

GIVE is a nonprofit organization established in 2006 to promote the concept of sustainability, a term used to define balance in the way people live, how their choices impact the environment and others in their community. Sahabi explained the concept at the assembly.

“We all make decisions every day that affect our future,” Sahabi told the students. “As we make these decisions, we need to be aware of how our actions impact the people around us, and our environment, our natural resources, animals and plants.”

Many students in the audience Thursday wore T-shirts they received as volunteers at GIVE’s Green Valley Earth Festival held in April at Dos Lagos in Corona. Several stood up and applauded when Sahabi finished speaking.


More than 300 JFK students have signed up as members of GIVE, and the campus is the first high school to establish a student chapter of GIVE, Ward said.

In addition to its educational outreach, GIVE is also the sponsor of the Green Valley Initiative, (GVI), an unprecedented regional economic development plan to promote green technologies, renewable energy, alternative transportation and sustainable lifestyles to the Inland Empire. Launched in 2007, GVI began with 100 stakeholders from the region, and now boasts the involvement of more than 500 people representing government, education, business, transportation, utilities, environmental groups and the community-at-large. For information on GIVE visit www.giveforthefuture.org. For information on GVI, visit www.greenvalleynow.org


John F. Kennedy Middle College High School is located on the Riverside Community College campus in Norco and is based on the Middle College Concept, first implemented at New York City’s La Guardia Community College Campus in 1971. Middle College High Schools provide students with an opportunity to successfully pursue and obtain a high school diploma while taking college level courses on a college campus. For information, visit www.cnusd.k12.ca.us/jfk/