Thursday morning report, Aug. 11

Five things to know this Thursday morning: 

1.) The Downey Association of Realtors released statistics from the local real estate market: 

In July 2016, there were 69 new listings in Downey (no change from 2015) and 35 closed listings (down 35 percent from 2015). 

The average sales price was $561,663, up 5.2 percent from July of 2015. 

There is currently an inventory of 121 Downey homes for sale. Year to date, Downey homes are selling for an average of $555,417. 


2.) The Downey Historical Society is hosting a 95th birthday celebration for its former president, John Vincent.

The party will take place inside the Gallatin Room at the Barbara J. Riley Center from 2-4 p.m. on Aug. 23. 

RSVP by calling Bobbi Bruce at (562) 862-2777.


3.) A Downey man walked out of federal prison Wednesday after his sentence was commuted by President Obama. Here is coverage from ABC-7.

Keldren Joshua pleaded guilty in 2006 to conspiracy to distribute 500 grams of methamphetamine. 

He was sentenced to 15 years to life in prison due to prior traffic offenses. 

Under the Obama administration, minimum sentences for nonviolent first-time drug offenders was lowered, and Joshua’s case was taken up by the Federal Public Defender’s Office.


4.) West Downey Little League is holding sign-ups this Saturday for winter ball. The season starts Sept. 18 and runs through Nov. 20. Details here.


5.) Financial Partners Credit Union has signed on as a sponsor of the Columbia Memorial Space Center’s “Rocket Fever” event on Aug. 20, ensuring free admission to Los Angeles’ only urban rocket festival.

“Our partnership with Financial Partners allows us to further the mission of the Columbia Memorial Space Center – ‘to ignite a community of creative and critical thinkers’ and bring people together around the excitement of launching rockets into the sky!” space center executive director Ben Dickow said in a news release.

“With 80 years of supporting the aerospace and Downey community, we are very proud to sponsor this unique and fun educational event each year,” said Financial Partners Credit Union President and CEO Nader Moghaddam. “A great many of our members worked on the Apollo capsules and the Space Shuttles. Rocket Fever is a great way for the credit union to honor its rich history in Downey while inspiring a new generation of California innovators.”