The Los Angeles Times from Los Angeles, California • 177

Sunday, October 12, 1980 Part IX 17 Cos Anflrteg SUnes NEW OFFICES, EXPANSIONS Real Estate Firm to Hold Opening Parker, Towle Thompson Real Estate and Property Management Co. is celebrating its opening Friday at 5 p.m. at 589 E. Green Pasadena. The business, owned and operated by Spelts Parker since 1953, was recently sold to a partnership of Patrick M.

Secor, Lorey V. Secor and William E. Korb. Sales manager is Sandra Rossi. Robert E.

Johnson Architects Robert E. Johnson Architects has relocated its offices from 1220 Santa Barbara St. to 727 De la Guerra Plaza, Santa Barbara. The firm specializes in restaurants, major commercial renovations and industrial buildings with clients in Northern and Southern California and New York. National Security Mortgage Co.

National Security Mortgage founded by Samuel Spevack and Mark Cruz, has opened a branch office at 22732 Roscoe Canoga Park. The company plans to open additional branch offices in the San Fernando and San Gabriel valleys and in Orange, Ventura, Riverside and San Bernardino counties by the end of 1981. monthly payments! from 6002 In a secluded park-like setting. In the heart ol Santa Ana, you may now own a beautiful new condominium and your monthly payment of only S308.18 Includes principal, interest, and MIPI The 7-12 Interest Is for a full 30-Year term, with a maximum mortgage of Qualilied owneroccupants may also take advantage ol these terms on up to 4 units, provided they occupy one of the lour. MAP NOT TO SCALE bAN DIUAJ t-'WV.

iJ5j YEAR'S FIRST Construction has started on Cor-tez Villas, the first residential high rise to be built in downtown San Diego this year. Structure, at 8th and A streets, will have 56 one-, two- and three -bedroom units ranging from 770 to 1,540 square feet. Architect of project is Roy S. Johnson Jr. and the general contractor is the M.

H. Golden Co. Rhodes lllif Realtors will handle sales, planned to start in spring of 1981. Harassed Broker Testifies for HUD Gina Williams, whose Northridge realty firm Super Market of Homes has been a subject of harassment since instituting so-called "reduced commission" services to home sellers more than two years ago, has taken her case all the way to the U.S. Department of Housing and Urban Development (HUD).

At a hearing held by HUD in Van Nuys to probe concerns about such real estate industry abuses as non-disclosure and kickbacks to lending and escrow institutions, Williams testified, at HUD's request, that she and some of her associates and clients have received threatening letters and phone calls since she started offering to sell a house for less than a 6 commission. She also presented evidence to show that her offices were burned and vandalized. (She filed suit in July, 1979, against the San Fernando Valley Board of Realtors, the California Association of Realtors, the National Association of Realtors and 17 individual real estate brokers and firms for price fixing, boycotting and restraint of trade.) Asked by HUD examiners if she thinks the federal government could step in "and do something," Williams replied, "The laws on the books are sufficient. What is needed is effective enforcement and an example of the serious consequences of breaking those laws. The industry does not follow the laws because of an arrogance of power." Tom Collier, HUD's deputy secretary for regulatory functions and chairman of the hearing, told Williams that he admired her courage and that she could be sure that in HUD's report to Congress in January (per the 1975 Real Estate Settlement Procedures Act) "we will consider the concerns you have addressed and attempt to recommend solutions." Escrow Co.

Inc. Escrow Co. Inc. has opened a new branch office at 2404 Townsgate Road, Westlake Village, under the management of Rosella Brown. Osborne Advertising Osborne Advertising, a real estate-oriented marketing, advertising and public relations firm, has moved to larger facilities at 2091 Business Center Drive, Suite 230, Irvine.

Zodys Set to Open Dodger All-Stars Reggie Smith and Bill Russell have at least one thing in common with Tex-Mex singer Freddy Fender: All will participate in the openings of Zodys stores. On Wednesday, Smith will cut the grand opening ribbon and Russell will appear at Zodys" Midtown Shopping Center location, 4801 Venice Blvd. On Oct 22, Fender will cut the ribbon at Zodys' Boyle Heights store, 2800 E. 1st St. Block of Commercial Property Purchased for $2 Million Comprehensive Multivesting Services Inc.

(CMS) of Glendale has purchased a city block of commercial property at 2720 Beverly bounded by Beverly Boulevard, Benton Way and Rampart Boulevard, from World Trade Publications for more than $2 million. The building is air conditioned, contains 30,000 square feet of space and has parking for 82 cars. CMS announced that the building will be totally remodeled and available to tenants by April 1, 1981. Full carpeting drapes throughout Kitchens with all appliances including refrigerator Complete electronically-secured entry system Totally-enclosed garage spaces with extra storage Exclusive clubhouse with pool 8c sundecks Convenient to 3 major ireeways Within walking distance to civic center businesses On Civic Center Drive, Just East of Bristol (714 836-5664. Sales Office Open Daily From 10 AM to 7 PM.

AMERICAN DEVELOPMENT CORPORATION Subject to FHA approval and appraisal. Full 30-year term. Cash price of home: $65,600. Cash down-payment: $23,600. 360 monthly payments of $308.18.

8-14 annual percentage rate. Prices effective date of publication. Subject to prior sale on or after deadline. Sales occurring subsequent to this date may result in unavailability of any or all price levels. Trade-in Guarantee "VJ 4 iM WiWfyCS-''-' f- li.ftll) Wiimu I I "TjtTl 1 Close-In Conoga Magnificent family homes set on pool-size lots in on ideal setting.

Close to the spectacular Topanga Plri7n Shonnina Center and onlv a Interest for Orchid Homes (12.15 A.PA) Adjacent to Porter Valley Country Club These lovely three-ond-four bedroom homes ore located in one of Northridge's most beautiful areas, minutes from major freeway connections, superb shopping, 11.9 interest for three years amortized over 30 years. Refinancing will be required ot the end of the three yeor period. And there will be no prepayment penalty when you do. This offer is subject to change without notice. Ask our sales representative for details.

half block from scenic Ivy Park. Great for families. Ivy Park Homes are situated on a quiet cul-de-soc, preserving the privacy and charm of a small, exclusive residential neighborhood. Inside and out, these homes ore impressive: huge family rooms with handsome stone fireplace ond sliding gloss doors to the patio area; living rooms and master suites with soaring vaulted ceilings, with built-ins, central air-conditioning ond much, much more. Classic wood and masonry exteriors.

Ivy Park Homes are a vanishing masterfully built homes in a choice location. Come see for yourself, the selection is limited. ond recreation. Adjoining the Porter Volley Country Club, the homes overlook toll trees ond lush green fairways, and hove views of city lights. An established calm rare for new community prevails.

The Orchid Homes ore uncommonly large and capture thot delicate balance between luxury and family livability. Smashing master suites, custom wood-burning masonry fireplaces, formal or family dining rooms, gourmet kitchens, and extra large lots with space for boat or IW all contribute to the style CANOGA PARK ond sense of space homebuyers are searching NORTHRIDGE Porter MUp Mt MM Orchid Homei Countra Club'1 Dinildi St for today. Beautiful new homes, a great location, fabulous financing this is Orchid Homes, Northridge. Map not to lull Sherman Way Vanowen St. 4 Ivy 1 Park 1 I Homes Oxnard St.

Devonihire 10 Down (213) 999-2952 1714 to 2210 sq. ft. From $159,900 IVY PARK (213) 063-4754 2352 to 2814 sq. ft. From $199,000 lf your home qualifies, we guarantee to take it in on trade.

There are no hidden fees or costs. See our sales representative for details. Prices and financing subject to availability. ORCHID HOMES Daryl A. Stork Realty, Inc.

Greenberg, Stark Associates, Inc. Tise Inc..