Evidence Mounting of Market Solution to Housing

By Thomas D. Elias : californiafocus – excerpt New evidence arrives almost every day backing the concept of a market-based solution to California’s housing shortage, one that does not have to involve politicians at all. Of course, that offends politicos like San Francisco’s Democratic state Sen. Scott Wiener, who persists in the notion that high-density, … More Evidence Mounting of Market Solution to Housing

Advocates say canceling rent, mortgage payments during pandemic more helpful than delay of payment

By Lisa Deaderick : sandiegouniontribune – excerpt San Diego Rent Strike 2020 is one local organization advocating for the cancellation of rent and mortgage payments during the COVID-19 pandemic While the moratoriums on evictions and foreclosures during the COVID-19 pandemic provided initial relief, the question of how to pay that back rent continues to hover. If … More Advocates say canceling rent, mortgage payments during pandemic more helpful than delay of payment

J.P. Morgan Provides $600M CMBS Refi on San Fran Towers Leased to Uber

By Mack Burke : commercialobserver – excerpt The two towers are leased to Uber and are part of a larger mixed-use site around the $1.4 billion Chase Center, the new arena of the NBA’s Golden State Warriors A sponsorship group led by Uber and the NBA’s Golden State Warriors has secured $600 million in commercial … More J.P. Morgan Provides $600M CMBS Refi on San Fran Towers Leased to Uber

JPMorgan Chase, American Homes 4 Rent plan to build thousands of single-family rental homes

By Ben Lane : housingwire – excerpt Joint venture will develop SFR properties in West and Southeast One of the largest operators of single-family rental homes is partnering with one of the nation’s largest banks to build thousands of new rental homes. J.P. Morgan Asset Management, the asset management arm of JPMorgan Chase and American … More JPMorgan Chase, American Homes 4 Rent plan to build thousands of single-family rental homes

A Backlash Against Cities Would Be Dangerous

By Scott Wiener, Anthony Iron : theatlantic – excerpt Undue fears of urban density warp public policy—and make Americans more vulnerable. Cities are a boon for public health—even now. As public-health experts have known for decades, people who live in a city are likely to walk and bike more often, and they live closer to … More A Backlash Against Cities Would Be Dangerous

Veritas, San Francisco’s largest landlord with reported $3B in assets, received PPP ‘small business’ loan

By Joe Eskenazi : missionlocal – excerpt Veritas, the massive real estate company that owns more than 200 San Francisco properties and in recent years reported a value exceeding $3 billion, was the recipient of a Payroll Protection Program loan of the sort ostensibly earmarked for small businesses. “We applied for and received a Payroll … More Veritas, San Francisco’s largest landlord with reported $3B in assets, received PPP ‘small business’ loan

Now that Twitter employees can work at home forever, what’s to become of its headquarters?

By Brock Keeling : curbed – excerpt The tech titan’s move into an Art Deco monolith in Mid-Market was supposed to be a symbol of change. Jack Dorsey, Twitter CEO, emailed his employees Tuesday to tell them that they can work from home permanently, even after the pandemic’s shelter-in-place order ends. “If our employees are … More Now that Twitter employees can work at home forever, what’s to become of its headquarters?

Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

By Sarah Frier : bloomberg – excerpt After major companies announce their employees won’t need to come in, many are recalculating the cost of living near the office… Both Facebook and Google have announced that most people won’t need to come in this year, and Twitter Inc. has told some workers that if they wish … More Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

Fate of Small Businesses not looking good, Paycheck Protection Program not getting to intended recipients

Linked in editor via email : linkedin Small businesses that make up the fabric of communities and daily life in every corner the U.S. are closing their doors forever after the pandemic and subsequent closures ground income to a halt. Despite multiple programs launched aimed at helping local firms survive, 100,000 have already shuttered, according … More Fate of Small Businesses not looking good, Paycheck Protection Program not getting to intended recipients