Inglewood Mayor James T. Butts Inglewood has spent millions of public dollars to soundproof homes from the rumble caused by low-flying planes heading into and out of Los Angeles International Airport, but some neighborhoods have been ignored. A Los Angeles Times analysis found that lower-income areas where noise from planes is louder haven’t received as […]
Strength in the suburbs: Homeowners played central role in opposing housing bill
State Senator Anthony Portantino and Glendale A proposed statewide housing bill faced broad opposition, particularly in Los Angeles, but it was single-family homeowners who appear to have had the most influence in squashing it. Suburban homeowners played a central role in state Sen. Anthony Portantino’s decision last week to shelve the bill, according to the […]
Housing construction in LA is down, and developers blame Measure JJJ
LAplus’ Mark Vallianatos Housing production in Los Angeles has slowed since voters passed a measure three years ago requiring that some developers boost worker wages and set aside a portion of units as affordable. Passed in 2016, Measure JJJ mandates that developers who receive a requested change in zoning pay prevailing wages to their workers, […]
Real estate seen as “safe haven” amid trade war uncertainty
US President Donald Trump and Chinese President Xi Jinping (Credit: Getty Images and iStock) While the stock market at large took a beating amid last week’s escalation of the U.S.-China trade war, one sector continued to show strong growth: real estate. By offering investors more exposure to domestically-oriented businesses, real estate investment trusts have largely […]
SB 50, a bill to allow multifamily building statewide, again put on ice
Anthony Portantino and State Senators Scott Wiener A sweeping bill to allow dense residential development across California is once again dead in the water, at least for the rest of 2019. State Senator Anthony Portantino, chair of the Senate Appropriations Committee, announced Thursday that Senate Bill 50 would not leave his committee this year, putting […]
U.S.-China trade war escalation leaves real estate in the dark
Some in the industry say the situation with China has been up in the air for some time now (Credit: iStock) The ongoing trade war between the U.S. and China took a turn for the worse Friday, when the White House more than doubled tariffs on $200 billion worth of Chinese goods. Amid faltering negotiations, […]