Greystone Provides $44 Million in Freddie Mac Financing for San Francisco Seniors Housing Property

By GlobeNewswire : yahoo – excerpt

NEW YORK, Oct. 30, 2019 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate lending, investment, and advisory company, has provided a $43,980,000 loan for the acquisition of a 207-unit seniors housing property in Daly City, CA. Cary Tremper originated the financing on behalf of the sponsor, Senior Resource Group (SRG), and its partners.

Located in the San Francisco MSA and constructed between 2008 and 2011, the acquired asset, Peninsula Del Rey (formerly known as Monarch Village), has been managed by SRG since 2012. The property comprises a four-story building over a two-level parking garage with independent living and assisted living units.

“The San Francisco market has seen strong – and growing – demand for seniors housing, and Senior Resource Group has built a reputation for quality sponsorship and management across the sector,” said Cary Tremper, head of Greystone’s seniors housing finance team… (more)

National Trends Organic Urbanism is the Cure for New Urbanism By Douglas Newby : newgeography – excerpt

Organic Urbanism is the Cure for New Urbanism

By Douglas Newby : newgeography – excerpt

The New Normal. Who needs trees when you can have cranes and 100’s of thousands of new neighbors?

New Urbanism is like a virus. For 50 years it keeps coming back in mutated forms. It needs a cure.

First, the only thing new in New Urbanism is the new construction that tears down the organic city. A form of New Urbanism has been around for 50 years. Like I said, it is a virus that keeps coming back in mutated forms. But the scheme, of more density, new mixed-use construction, and fixed rail transit, replacing existing homes remains constant. The desire of planners to determine where you live and where you work also remains constant. New urbanists increasingly do not like single family homes, which most Americans prefer… (more)

With 10% penetration, EVs could shift all residential peak load to night, analysis of SoCal Ed finds

By Robert Walton :utilitydive – excerpt

  • Electric vehicles have the potential to act as virtual power plants that can help utilities soak up midday renewable energy and discharge in the evenings to reduce peak load, according to a study from Jackson Associates released Wednesday.
  • The analysis, based on 5,000 Southern California Edison (SCE) customers’ hourly loads, commuting behavior and “potential electric vehicle (EV) ownership,” concluded that at a 10% EV penetration, the batteries could shift the utility’s entire residential peak load to nighttime hours.
  • Over 20 million EVs are expected on U.S. roads by 2030 — a rapid increase from the 1.26 million on the road as of June, according to a Smart Electric Power Alliance (SEPA) report released this month. “[U]tilities need to plan ahead to minimize grid impacts” of growing EV adoption, the group concludes…(more)

Recommended Reading:

A Taste of the Climate Apocalypse to Come

by Abrahm Lustgarten : propublica – excerpt

PG&E’s rolling blackouts probably don’t eliminate fire risk, and they actually could make responding to fires harder. What they largely do is shift responsibility away from the company…

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up for ProPublica’s Big Story newsletter to receive stories like this one in your inbox as soon as they are published. This article was co-published with The New York Times Magazine…

The National Weather Service was predicting 55-mile-an-hour winds, with 10% humidity. It was like living inside a ticking time bomb. And so, in a desperate attempt to avoid detonation, the utility decided to haul almost 800,000 households backward through time into premodernity, for days at a stretch. Around Silicon Valley, residential areas adjacent to some of the most technologically advanced corporations in the world — the offices of private space-exploration companies, internet search engines, electric vehicle manufacturers — would forgo basic electricity.

The blackouts solved nothing, of course. De-energizing the electrical grid is a bludgeon: imprecise, with enormous potential for collateral damage as people deal with a darkened world. It doesn’t even eliminate fire risk. What it largely does is shift responsibility away from Pacific Gas & Electric, the state’s largest utility company, whose faulty transmission lines had been found to have caused some of the most destructive wildfires on record…(more)

RELATED:

The Obscure Charges That Utility Companies Add to your Bills
The price of oil and gas has dropped as domestic supplies have increased, and residential energy use has plummeted as appliances and lighting have become more efficient. Still, the national average price of electricity has increased slightly over the last decade, with additional surcharges counteracting any potential savings. That means at the end of the day, many customers have likely noticed little, if any change in their final bills…(more)

How Fossil Fuel Companies Are Killing Plastic Recycling

By XiaoZhi Lim : huffpost – excerpt (includes video by the Guardian)

Plastic trash has overwhelmed America. Fossil fuel companies are about to make it worse.

So many things we buy come packaged in plastic containers or wrappers that are meant to be used once, thrown away and forgotten ― but they don’t break down and can linger in the environment long after we’re gone. It’s tempting to think that we can recycle this problem away, that if we’re more diligent about placing discarded bottles and bags into the curbside bin, we’ll somehow make up for all the trash overflowing landfills, choking waterways and killing marine life.

For decades, big petrochemical companies responsible for extracting and processing the fossil fuels that make plastics have egged on consumers, reassuring them that recycling was the answer to our trash crisis. Just last month, Royal Dutch Shell executive Hilary Mercer told The New York Times that the production of new plastics was not the problem contributing to millions of tons of plastic waste piling up in landfills and drifting in oceans. Instead, she suggested, the problem is one of improper waste disposal. Better recycling, she implied, is the solution… (more)

Construction arriving at Millbrae’s train station

By Austin Walsh : smdailyjournal – excerpt

City official details coordination efforts required ahead of groundbreaking

Ground is slated to soon break on the first phase of development standing to transform the Millbrae train station into a buzzing hub of homes, jobs, shops, tourism and public transportation, the city’s chief official said.

Millbrae City Manager Tom Williams said construction could begin as soon as December on the mixed-use project comprised of residential units, retail and office space as well as a new hotel on BART land.

But before work can start on the project dubbed Gateway at Millbrae Station, Williams said officials must authorize a BART parking plan, while concurrently attempting to advance negotiations with the transit agency to make way for other sweeping projects proposed nearby…(more)

Solar Car Chargers Continue to Charge EVs During California Outage

solarnovus – excerpt

Envision Solar International, Inc., a producer of infrastructure products for electric vehicle charging, energy security and outdoor media, today announced that its EV ARC, off grid, solar-powered EV charging infrastructure products continued to charge EVs and provide available emergency power for first responders during the recently announced power shutdowns in Northern California.

Envisions’ EV ARC products deployed in Marin County, Oakland, Berkeley, San Francisco, Livermore and other locations in Northern California have provided vital electric vehicle charging without interruption during the recently announced precautionary power black-outs, almost two million people were without power when the state’s largest utility cut power due in an effort to prevent wildfires caused by high winds in the region. At least one death linked to the outages was reported in the press. A leading manufacturer of EVs advised its customers in the affected areas to fully charge their vehicles in advance of the impending blackouts. However, according to a Wall Street Journal report, most EV owners would not have enough charge to escape the blackouts. Envision Solar’s government and enterprise customers have no such difficulties because the company’s products are immune to blackouts and other grid interruptions as they generate and store all their own electricity(more)

This is a PR piece, but it contains valuable information on a solution to alternative energy products that are available now to use during blackouts. We understand there are other companies with similar products on the market that will do a similar job. Disasters are wakeup calls that put things in perspective. Alternative energy sources are here. We should accept what we have until something better comes around.

This reminds me of my theory on why Apple was able to capture the desktop publishing market. The first time a major publication used a desktop system to publish a paper was the day after Loma Prieta hit the Bay Area, knocking out the power needed to operate a huge printing system. Apple had a product on the market that SF Chronicle used to print the story and the world got the message loud and clear.

PG&E Rejects San Francisco’s $2.5 Billion Bid to Buy Assets

By Mark Chediak and Romy Varghese : yahoo – excerpt

San Francisco’s offer significantly undervalues the company’s assets and a deal wouldn’t be in the best interests of its customers, PG&E Chief Executive Officer Bill Johnson said in an Oct. 7 letter to Mayor London Breed. He went on to say the company doesn’t need to sell its businesses to finance a restructuring and emerge from bankruptcy.

“We cannot accept your offer,” Johnson said in the letter. “If we ever do consider such sales, we have a duty to obtain the highest and best value for these assets.”

San Francisco has framed its takeover bid as a way for PG&E to raise money and help cover an estimated $30 billion in liabilities tied to devastating wildfires that its equipment ignited in 2017 and 2018. The damages from those blazes are what forced the company in January to enter the biggest utility bankruptcy in U.S. history. Now, the company has found itself competing with the likes of Pacific Investment Management Co. and activist investor Elliott Management Corp. over a restructuring plan… (more)

Governor Gavin Newsom Signs 18 Bills to Boost Housing Production

Signs SB 330, major legislation to remove local barriers to building more housing

Signs AB 1763 to incentivize affordable housing density

Signs package of bills to ease construction of accessory dwelling units

Legislation builds on urgent action undertaken by the Administration to tackle California’s housing affordability crisis .. (more)

These laws could make life a little easier for low-income Californians

calmatters – excerpt

A suite of low-profile bills could help millions of people. Think of them as a bit like aspirin: They don’t get at the roots of poverty but they could relieve some of the pain.

Lawmakers have passed a suite of bills that aim to ease financial burdens for Californians living paycheck to paycheck.

While several new California laws have sparked national attention — such as the law that will convert gig economy workers into full employees and another to cap large rent increases — state legislators quietly approved dozens of other bills that address challenges faced by California’s poor…

As usual, many of the more ambitious proposals never made it to the governor’s desk. Take a bill that would have required counties to increase participation in CalFresh, California’s food stamp program, to 95% by 2024 — up from 72% at the state’s last count in 2017 — but was quietly snuffed in the final weeks of the legislative session. In addition, a bill that would have made it difficult to tow the vehicles of people who live in them failed. Cities, law enforcement agencies and real estate lobbies opposed it…

Check back at CalMatters.org for updates on our running tally leading up to the Oct. 13 deadline

Protecting the last $1,724 in your bank account..

Fending off predatory lenders..

Banning discrimination against Section 8 tenants..

Getting more children on CalFresh... (more)

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