Spectrum News – October 14th
The city of Los Angeles is nearly 500,000 units short, according to the Los Angeles Housing Department. However, that is set to change with the city’s adoption of a new plan for House LA that could result in the construction of more than 250,000 residential units within the next eight years. “The city of Los Angeles is facing perhaps the worst housing crisis in the country,” said Betty Barberena, LA urban planning assistant, last Thursday during a planning committee meeting to pass the plan. The plan includes an inventory of the available locations for possible housing. While the city said there is capacity to build all the housing units it needs, realistically 230,964 will be built due to development barriers. Covering the region’s housing needs, especially for affordable housing, requires reallocation.
Facility management – October 18th
Eight new real estate leaders, representing over 2,400 buildings, plan to reduce operational CO2 emissions from their collective portfolio under operational control to zero by 2050, the Urban Land Institute’s (ULI) recently announced Greenprint Center for Building Performance. The new Greenprint members, who are publicly oriented towards the ULI Netto-Zero target, are: AEW Capital Management, Brookfield Properties, CP Group, Clarion Partners, Lendlease (until 2025), SL Green Realty Corp., Tishman Speyer and WashREIT . Previously committed companies include: Allianz Real Estate, Boston Properties (until 2025), City Developments Limited, CommonWealth Partners, Heitman, Hudson Pacific Properties (until 2025), Jamestown LP, Kilroy Realty Corporation (until 2020 ), LaSalle Investment Management, Morgan Creek Ventures, MultiGreen, NEO, Nuveen Real Estate, PGIM Real Estate, Rudin Management Company, Savanna and The Tower Companies.
KTVU – October 13th
San Francisco Mayor London Breed unveiled a new plan on Tuesday to create more homes in the city. The proposed Housing Ordinance, called Cars to Casas, would ease the bureaucratic process of converting locations such as gas stations or parking lots into apartment buildings. The city’s planning department said the ordinance would still require buildings to meet height measurements and reset requirements, but would allow developers to break these up into more units and would cut the process of converting sites from commercial to residential use by years.
KPIX – September 12th
The city of San Jose is in the last few months of its nearly three-year effort to consider a proposal to abolish parking regulations for new downtown real estate developments. Currently, developers of commercial real estate and apartment buildings are required to build a minimum number of parking spaces, depending on factors such as the number of square meters or the number of bedrooms. At a special meeting of the city’s Downtown Parking Board on Tuesday, employees forecast that the number of downtown residents would double by 2040 and the number of downtown workers would increase two and a half times.
Santa Monica Daily Press – October 14th
After 15 months of planning, dozens of community meetings, and a six-hour council discussion, the Santa Monica City Council approved the city’s 6th cycle housing element plan. This document outlines the city’s plan to create 8,895 new homes by 2029, 6,168 of which must be affordable. Own land for 100 percent affordable living space.
Nearest town – October 13th
When the scientists on board the International Space Station ISS point their thermal imaging camera at Los Angeles, a cool, bluish-white crescent moon appears deep in the San Fernando Valley from the glowing red and orange blob. In this area, the sidewalk was painted with a special reflective coating as part of an urban cooling project led by the City Street Services Bureau (Streets LA). The satellite thermal imager shows that the reflective paint not only lowers the temperature on the street, it also generally “creates a cooler neighborhood”. Ten streets in ten neighborhoods of Los Angeles have been treated with this cooling paint, and the next phase of the project has just begun.
Comments are closed.