Secondary Market

Boasting 40 acres of land, full equestrian facilities, and six guest houses, the La Quinta, California, estate once belonging to Merv Griffin is now on the market for $9.5 million.

Multifamily and commercial lender, CWCapital, has added a new senior vice president. The company recently announced the addition of David A.Burt as CWCapital's SVP within its small balance, multifamily program.

The national housing market recovery is ├â┬ó├óÔÇÜ┬¼├àÔÇ£in full swing,├â┬ó├óÔÇÜ┬¼├é┬Ø according to the June edition of RE/MAX├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós National Housing Report. The report, released Monday, revealed that May saw increases in both home sales and house median home price for 42 of the 53 surveyed metropolitan markets. For the fourth consecutive month, the RE/MAX report found an overall increase in median home price across the country. In May, the national median home price was $166,500, a 6.1 percent increase year-over-year, RE/MAX said.

Seeking to align the company's name with its expanded portfolio of valuation management services, Coester Appraisal Group has announced its new corporate title, CoesterVMS.

The Federal Housing Finance Agency, conservator of Fannie Mae and Freddie Mac, has issued a proposed rule that would prohibit the GSEs from purchasing loans affected by the Property Assessed Clean Energy program. PACE is a local government initiative designed to help homeowners finance energy-efficient and renewable energy projects for their homes. FHFA's proposed rule is open for comment for 45 days from its date of publication, June 15. PACE financing for energy-efficient projects is available in 18 states and the District of Columbia.

California-based CoreLogic will move forward with nominating three new board members to bolster its company directorship. The appointment of new board candidates follows CoreLogic's spring announcement that it would seek new members, and the company has selected Douglas C. Dorman, and Jaynie Miller Studenmund to stand for election.

Celebrity enclave, Malibu, California is losing a famous resident. Jim Carrey has listed his 2,866-square-foot estate in the star-studded Malibu Colony neighborhood for $13.95 million.

Canadian-based commercial real estate company Avison Young is bolstering leadership in the company's New York office. Finance expert David Eyzenberg has been added as a principal for Avison Young, and he will focus on raising capital and providing investment banking services for the company's clients.

Standard & Poor's has reaffirmed Clayton Holdings LLC's standing as a third-party due diligence provider for residential mortgage-backed securities. The company's announcement follows S&P's annual review of the company's rating.

Another comedian is set to sell his California estate. Funnyman and host of The Late, Late Show on CBS, Craig Ferguson, has put his Los Angeles home on the market for $1.995 million.