Real Estate News – April 9, 2011

A Tierrasanta, California homeowners association is cracking down on a 70-year-old woman whose garage has become a neighborhood gathering place of sorts, with folding chairs, a television and ample Chargers paraphernalia (via signsonsandiego.com):  http://bit.ly/gL4qQP

In another sign of the sector’s strength, the multifamily segment experienced a 4.65 percent increase in effective rents for the year ending in February 2011, according to Axiometrics, a commercial real estate data provider. This report comes amid other optimistic multifamily forecasts that attribute the sector’s growth to pent-up demand and positive hiring trends (via ccim.com): http://bit.ly/gTJDEt

Chinese Investment Popping Up in Secondary US Markets (via rcanalytics.com): http://bit.ly/hUe1R8

Eric T. Schneiderman, the New York attorney general, has issued subpoenas to the state’s largest foreclosure law firm and a related company, indicating that his office has some doubts about the effort by state attorneys general to resolve questionable foreclosure practices among the nation’s top banks (via NYTimes.com): http://nyti.ms/hEdt5D

A real estate agent was shot to death Friday in a new townhome complex in West Des Moines (via kcci.com): http://bit.ly/hsKkE2

Reverse Mortgage Rules Changed (via pickenssentinel.com): http://bit.ly/gR4MV