Governor Gavin Newsom and a rendering of the high speed rail in LA Gov. Newsom’s surprise decision to halt plans for a high-speed rail project to connect the state’s major cities could have a major impact on development along that route. That’s because such a system — which would have connected Los Angeles, San Francisco, […]
Forget celebrity mansions, this bus tour would highlight LA councilman’s alleged misdeeds
Esotouric’s Richard Schave and Kim Cooper, Council member Jose Huizar, and Times Mirror Square (Credit: Facebook, Flickr, and Getty Images) This is not your typical Hollywood stars tour. A pair of Los Angeles preservationists are planning a bus excursion centered on potential wrongdoing by Los Angeles City Councilmember Jose Huizar, a subject in an FBI […]
Deputy Mayor Raymond Chan raised money for charity from developers seeking approval for major projects
Raymond Chan and Shenzen Hazens Figueroa Street project in DTLA A fresh report about the charitable fundraising activities of a local politician appears related to an FBI probe of City Hall and prominent real estate developers in Downtown Los Angeles. Deputy Mayor Raymond Chan raised tens of thousands of dollars for a charity event from […]
LA asks developers for help in devising cost-effective affordable housing
A rendering of an under-construction FlyawayHomes prefab project in South LA and LA City Hall (Credit: Wikipedia) The city’s latest plan to house the homeless: ask developers for their ideas. The Los Angeles City Council set aside $120 million from a bond measure for a program to explore cost-effective ways to create 1,000 affordable housing […]
Long Beach will build 24/7 homeless shelter at 3-acre site
Long Beach City Councilmember Rex Richardson and the site of the future shelter (Credit: Google Maps) Long Beach revealed the location of a year-round homeless shelter set to open next year, the city’s latest effort to combat Los Angeles’ growing homelessness crisis. The shelter will be located on a 3-acre lot at 6841 Atlantic Avenue […]
Here’s why shares of Fannie and Freddie are up 170%
Fannie Mae headquarters in Washington, D.C. (Credit: futureatlas.com via Flickr and iStock) The government’s indication that it may privatize Fannie Mae and Freddie Mac has sparked a surge in shares and profits for investors in the two mortgage giants. Lawmakers have been trying and failing to overhaul the government-sponsored entities for more than 10 years since the […]