LA tenant group joins statewide push to repeal rent control restrictions


LA tenant group joins statewide push to repeal rent control restrictions Activists say the number of rent-stabilized units in the city continues to shrink Residential buildings in downtown Los Angeles before 1978 (Credit: Wikimedia Commons) There are now 600,000 rent-stabilized units in Los Angeles, yet the city has still been called the least affordable of any in the country. Now, a group of tenant organizations are joining a statewide effort to repeal a California law that restricts the number of rent-controlled properties. They want to get rid of the Costa-Hawkins Act, a 1995 law that put limits on future local rent control laws and put a freeze on existing local laws. The tenant groups are trying to do their part to collect the roughly 400,000 signatures needed to force the ballot initiative amid a deepening affordability crisis in the city and across California. Curbed first reported on their effort to...
Continue reading
113 Hits
0 Comments

Harbor Associates lands 2 suburban office buildings for $56M


Harbor Associates lands 2 suburban office buildings for $56M The firm partnered separately with Goldman Sachs, Blue Vista Capital Management Commons at Valencia Gateway, Conejo Corporate In separate joint ventures, Harbor Associates, a Long Beach-based investment firm, paid a combined $56 million for two suburban office buildings in Valencia and Thousand Oaks. Both properties will be renovated. In Valencia, Harbor teamed with Goldman Sachs Asset Management Private Real Estate. The pair paid Barings $33.1 million for a two-building, 156,630-square-foot office campus. Called Commons at Valencia Gateway, it is located at 25124 – 25125 Springfield Court. The complex is 81 percent leased to 15 tenants, including anchor tenant KB Studio. Tom Bohlinger, Ryan Smith and Justin Hager of JLL represented Barings in the transaction. In Thousand Oaks, Harbor teamed up with Blue Vista Capital Management to acquire the Conejo Corporate Campus at 2380 and 2400 Conejo Spectrum Street. The joint venture...
Continue reading
121 Hits
0 Comments

Plans for 77-unit apartment in Venice add to developing neighborhood


Plans for 77-unit apartment in Venice add to developing neighborhood The mixed-use project would rise near planned 56-unit building February 19, 2018 09:00AM 2454 Lincoln Boulevard (Credit: Google Maps) A developer has filed plans for a 77-unit residential development in Venice in a neighborhood that has seen a recent rise in apartment construction. The proposed mixed-use building at Lincoln Boulevard and Venice Boulevard would replace a car wash, commercial building, and parking lot. It would rise just around the around the corner from a 56-unit project whose plans were filed last year. For the most recent proposal, the owner of the property at 2452-2454 Lincoln Boulevard filed plans Friday, according to Urbanize. The area is characterized mostly by low-rise commercial and residential development, but these two projects could spark more vertical building. There would be 69 market-rate units and eight units set aside for affordable housing. The project does not...
Continue reading
120 Hits
0 Comments

This week in celeb real estate: Adam Levine unloads estate for $18M, Harvey Weinstein lists a home for rent


Adam Levine and his home, Harvey Weinstein and his home (Credit: Wikimedia Commons) Maroon 5 frontman and “The Voice” judge Adam Levine sold his home in the Holmby Hills neighborhood for $18 million, the same price he paid for it last summer. The French Regency-style home spans 9,200 square feet and includes a two-story guesthouse, the Los Angeles Times reported. Five bedrooms, five-and-a-half bathrooms and a breakfast solarium can be found inside, while a swimming pool and pool house complete the outside. Levine listed the property for sale in November for $18.9 million. Harvey Weinstein, the disgraced movie producer accused of sexual assault by numerous women, is renting a West Hollywood home he owns for $7,500 per month. The renovated 1,400-square-foot pad includes two bedrooms, two bathrooms, library and backyard that comes equipped with fruit trees. A corporate entity tied to Weinstein purchased the place for $1.55 million in late...
Continue reading
159 Hits
0 Comments

USC medical center dormitory planned for Boyle Heights campus


USC medical center dormitory planned for Boyle Heights campus American Campus Communities would develop the 95-unit dorm 1642 San Pablo St (Credit: Google Maps) The country’s largest dormitory developer has proposed a 95-unit dorm for the University of Southern California’s medical center in Boyle Heights. American Campus Communities filed plans for the 134,000-square-foot structure, which would include some leasing space and open outdoor space. It would serve the school’s graduate students. The plans include a handful of addresses at the corner of Valley Boulevard and San Pablo Street. If approved, the building will rise just south of Lincoln Park, near the USC Health Sciences campus. The land is owned by USC. American Campus purchased the ground lease in 2016 for $2 million. It consists of two parking lots and a parking structure, near the Currie Hall dorm. American Campus owns and manages Curry Hall and has a ground lease on...
Continue reading
115 Hits
0 Comments

US housing starts were up 10% in January, led by multifamily building


US housing starts were up 10% in January, led by multifamily building The 46% increase in the Northeast was the highest in the country February 16, 2018 02:00PM (Credit: Pexels) Housing starts nationwide jumped 9.7 percent in January over December, thanks largely to a 19.7 percent increase in residential rental and condominium starts — the biggest increase since December 2016. The annual pace of starts nationwide last month was 1.33 million, up from 1.21 million in December and up from 1.24 million last January, according to the Department of Commerce. January’s increase followed December’s sharp drop of 8.2 percent to an annual rate of 1.19 million starts, the largest since November 2016. Single-family construction was up 3.7 percent nationwide. Construction was up in all corners of the country but the Midwest, where it dropped 10.2 percent. The Northeast was the strongest market, rising 45.5 percent. That’s an increase four times...
Continue reading
115 Hits
0 Comments

Cremation pollution slur totally unfounded

The cremation of bodies after death has been a part of human culture for untold thousands of years and in the UK the modern human cremation process could be said to have its origins in 1885 when Britain’s first official cremation took place in Woking.  Occasionally, over recent years, new and what are claimed to be innovative body disposal solutions have been suggested and recently a number of national newspapers carried articles describing the process of cryomation in which bodies are deep frozen before being pulverised into powder.  A major benefit of cryomation, so the articles claimed, was that it avoided the release of harmful emissions and pollutants associated with the human cremation process. Quite frankly that claim is utterly inaccurate! As one of the world’s leading human cremation technology specialists we can categorically confirm that our Novus ™ human cremation systems are among one of the most rigorously regulated...
Continue reading
82 Hits
0 Comments

Bacteria that Causes Legionnaires' Disease Frequently Found in Cooling Towers

Zimmetry Environmental provides testing and monitoring services across Puerto Rico and the Caribbean to identify environmental pathogens. Bayamon, Puerto Rico, January 29th, 2018 -- Last year, the Centers for Disease Control and Prevention (CDC) announced the results of a study on the prevalence of Legionella bacteria in cooling towers across the country. According to media reports, CDC researchers found that 84% of the 196 cooling towers tested for Legionella DNA came back positive and viable Legionella was confirmed in approximately 40% of the cooling towers.   This is a serious concern because anytime people inhale water droplets that contain viable Legionella they could be at risk of developing Legionnaires’ disease or Pontiac fever. This is especially true if they have a weakened or suppressed immune system.   These alarming figures underlie why it is so important to test certain water sources, including cooling towers, which could harbor and aerosolize the...
Continue reading
83 Hits
0 Comments

Alstom will adapt the signalling system of the future extension of Line 9 of Sao Paulo metro





Alstom will ensure the modification of the signalling and control system in Line 9 – Emerald, of CPTM – Companhia Paulista de Trens Metropolitanos in Sao Paulo. As part of this contract, worth about €11 million, Alstom will adjust the SCT – Grajaú Domain Traffic Control System, and SCC – Brás Centralized Control System, allowing for the extension of the Line to Varginha. The project includes system engineering, equipment supply, software change, commissioning and technical assistance, all to modernize and bring more safety and operational control to this CPTM line. The systems should be updated in up to 12 months, integrating Line 9 Emerald to the two future stations of Vila Natal Mendes and Varginha, south zone of São Paulo. Developed by Alstom in Brazil, the system that will be implemented in this adaptation is also used in lines 7 (Ruby), 10 (Turquoise), 11 (Coral) and 12 (Sapphire) of CPTM....
Continue reading
73 Hits
0 Comments

Colsen maximizes energy revenue of WTTP Den Bosch (NL)

Img 0973
January 22nd, 2018 -- The demands for modern WWTP's to operate more sustainable are becoming increasingly stringent. This applies in to many of the WWTP in The Netherlands and also to the Treurenburg location in Den Bosch (NL), which is owned by Water Council Aa and Maas. In order to achieve the desired performance, specific technologies must be applied. Colsen owns a broad range of technologies which have been applied to the sludge line at the WWTP in Den Bosch to be able to more efficiently process the sludge stream and to maximize energy output in the form of biogas. Below the various technologies are further described. Thermophilic Digestion   One of the technologies is thermophilic digestion, which comprises an efficient method for the digestion of organic residues in waste streams. The bacterial sludge decomposition normally occurs at mesophilic temperatures (between 35 and 38°C). In the Den Bosch case the...
Continue reading
82 Hits
0 Comments

Geotech forms new partnership with NETEL (INDIA) Ltd

Geotech (a QED Environmental Systems company) and global manufacturer and supplier of gas analysis technology, has announced a strategic partnership with NETEL (INDIA) Ltd,  one of the leading organisations in India in the field of analytical instruments, environmental instruments, automotive emission analysers, and environment management services. With a vast network of established international distributors, Geotech is able to supply and support its customers in over 60 countries worldwide.  Following on-going territory reviews in Asia, NETEL was chosen as Geotech’s exclusive distribution partner for India, commencing 1st January 2018.  Perfectly placed with headquarters in Mumbai and offices across several Indian provinces, NETEL will be responsible for the distribution and servicing of all of the Geotech and QED product ranges for biogas, landfill and remediation solutions. Geotech’s Global Sales & Marketing Director, Paul Gooch, said:  “ Partnering with industry leaders like NETEL is a step for Geotech into India’s ever-expanding biogas and...
Continue reading
94 Hits
0 Comments

BLM suspends and delays parts of Hydraulic Fracturing Waste Prevention Rule

Enter your email to restore your password Original link
Continue reading
95 Hits
0 Comments

Malibu and Beverly Hills dominate LA’s most expensive neighborhoods


Malibu and Beverly Hills dominate LA’s most expensive neighborhoods Malibu's Colony, where median sales price was $13 million, tops list December 20, 2017 09:31AM Edward Norton’s home The “Steven’s House” by John Lautner (Credit: The MLS, Wikimedia Commons) Surprise! Malibu and Beverly Hills were the most expensive places to buy in Los Angeles in 2017, according to a list of the 10 priciest areas based on median sales price. The most expensive neighborhood in LA this year was Malibu’s Colony — the gated beachfront road tightly packed with mansions and their celebrity owners — where the median sales price was $13 million, according to PropertyShark data culled by Curbed. That figure is even lower than the median sales price of $15.7 million recorded in the Colony in the first half of 2017. Prices have skyrocketed in the Colony in recent years. Actor Edward Norton bought the “Steven’s House” by John...
Continue reading
121 Hits
0 Comments

Could Unibail’s Westfield deal pressure Simon Property Group to make a big buy?


Unibail Rodamco CEO Christophe Cuvillier and the Westfield mall at the World Trade Center Unibail-Rodamco’s $15.7 billion bid to buy Westfield Corp. has the market buzzing about whether or not Simon Property Group will pull out its checkbook and acquire one of its smaller REIT rivals. Unibail, Europe’s largest real estate investment trust, is creating a $70 billion retail behemoth with its acquisition of Westfield. That puts it squarely in the rearview mirror of Simon, which has a portfolio of real estate valued at $110 billion. And it comes at a time of consolidation in the mall REIT sector on both sides of the Atlantic. “Next on the list is Simon Property,” said Kai Klose, a stock analyst who covers Unibail for Berenberg Bank. “If they can make a move that makes sense and be more dominant, I would not be surprised if they would do something.” Simon already owns...
Continue reading
106 Hits
0 Comments

New 240K sf office building slated for El Segundo


New 240K sf office building slated for El Segundo The site will include office, studio, production, and retail space December 19, 2017 04:30PM The site of the Beach Cities Media Campus in El Segundo (Credit: Google Earth) A vacant six-acre site on Rosecrans Avenue in El Segundo is slated for development as a mixed-use campus with about 240,000 square feet of new office space. The development, dubbed the Beach Cities Media Campus, includes a five-story, 240,000-square-foot office building, a 66,000-square-foot studio and production facility, and two single-story retail buildings. The site would also include parking for 1,100 vehicles and a pedestrian bridge to a neighboring property with an ArcLight Cinemas movie theater and restaurants, according to Urbanize LA, which cited an environmental report being prepared by the city. The site at 2021 Rosecrans Avenue was formerly an air separation plant run by Air Products, but it was demolished sometime after...
Continue reading
106 Hits
0 Comments

Olive Hill buying Santa Monica office building for $117M: sources


Olive Hill buying Santa Monica office building for $117M: sources Tishman Speyer paid $92M for 520 Broadway in 2015 By Chava Gourarie | December 19, 2017 03:36PM 520 Broadway, Michael Cho and Rob Speyer The Downtown L.A.-based Olive Hill Group is in contract to buy a Santa Monica office building from Tishman Speyer for $117 million, The Real Deal has learned. The sale of the 113,000-square-foot, six-story property, located near the Santa Monica Freeway and Third Street Promenade, is expected to close later this week for about $1,035 a foot, sources familiar with the deal said. Tishman Speyer bought it for $91.6 million in 2015 from Vornado Realty Trust, which had bought it out of foreclosure. Michael Cho, president of Olive Hill Group, said the building is a rare acquisition opportunity in Santa Monica, which has strict limits on development. The building is 82 percent occupied, property records show, with...
Continue reading
108 Hits
0 Comments

US housing starts hit highest level in more than a year


From TRD New York: Housing starts in the U.S. hit their highest level in longer than a year in November, thanks largely to a spike in single-family home construction in the South and West. Starts rose 3.3 percent in November compared to October, hitting a seasonally adjusted annual rate of 1.297 million, while residential building permits dropped 1.4 percent, hitting an annual pace of 1.298 million, according to the Wall Street Journal. New single-family home construction in the South and West hit their highest monthly rates since July 2007, while housing starts in October were revised down to an annual pace of 1.256 million. Starts in the first 11 months of the year were up 3.1 percent compared to 2016, while permits went up 5.8 percent compared to last year. Single-family home building has been close to its highest levels since before the recession started, while construction of larger buildings...
Continue reading
122 Hits
0 Comments

Spaces inks first deal in Hollywood during LA leasing spree


Spaces inks first deal in Hollywood during LA leasing spree Renovated Vine Street office building features 3D theater and roof deck December 19, 2017 02:06PM 1800 N. Vine Street (Credit: JLL) Co-working firm Spaces signed a lease for its first outpost in Hollywood Tuesday, marking its sixth deal in Los Angeles and its second in as many weeks. The Dutch company will take over the recently renovated, 61,000-square-foot Class A office building at 1800 N. Vine Street, according to the Los Angeles Business Journal. The three-story building is located one block north of the iconic Capitol Records Building and just south of the 101 Freeway. It’s also close to a Metro Red Line stop. Owner Archway Holdings Corp. brought in Rios Clementi Hale Studios to give the 35-year-old building a sorely needed renovation last year, adding 20,000 square feet of usable outdoor space, including a rooftop garden, according to Urbanize...
Continue reading
114 Hits
0 Comments

Reliable Properties’ prez hit with $15.7M suit for allegedly shielding family homes


Reliable Properties’ prez hit with $15.7M suit for allegedly shielding family homes Suit says Jack Nourafshan made up fake foreclosure sales to buy and sell the Beverly Hills homes By Dennis Lynch | December 19, 2017 01:00PM 580 Chalette Drive (Credit: Zillow) A pair of creditors have sued Reliable Properties President Jack Nourafshan for more than $15.7 million for his part in an alleged scheme to buy and sell family members’ pricey Beverly Hills homes to protect the properties from seizure. The suit filed last week in California’s Central District Court revolves around two multimillion-dollar homes in Beverly Hills — 910 North Rexford Drive and 580 Chalette Drive — owned, respectively, by Nourafshan’s brother-in-law, Massoud Aaron Yashouafar, and Aaron Yashouafar’s brother, Solyman Yashouafar. The pair owed their creditors, New York-based brothers Howard and Israel Abselet, for a roughly $1.7 million loan in 2009, the suit says. The Yashouafar siblings would...
Continue reading
107 Hits
0 Comments

Why the family behind Westfield moved to sell, not hand down empire

image
image
image
image
image

Why the family behind Westfield moved to sell, not hand down empire The Lowys are selling the company to Unibail-Rodamco for $15.7B December 19, 2017 11:25AM Frank, Peter, and Steven Lowy (Credit: Getty Images) The Lowy family that built Westfield Corporation into one of the biggest mall owners across the globe looks like a real estate dynasty in many ways, but not when it comes to retaining control of that empire. “Westfield always was dominated by the family, but it was never meant to be one of those dynasties to be handed down,” Westfield co-chief executive Peter Lowy told the Wall Street Journal. Unibail-Rodamco’s $15.7 billion purchase of Westfield is one of the unusual cases of a real estate family giving up control, but in line with the Lowy’s family philosophy. Holocaust survivor Frank Lowy took the company public in 1960. And while his sons – Peter Lowy, 58, and...
Continue reading
117 Hits
0 Comments
© 2018 CivilEarth. All Rights Reserved.