Monthly Archives: July 2019


How the New Rent Laws Will Slam NYC’s Housing Market

New York’s new rent regulation law makes dramatic changes to housing rules — limiting rent increases after owners make major improvements and even after units become vacant and the rents have not been raised for years. The law will likely lead to lower values for buildings with rent-stabilized units, potentially weakening the city’s tax base. Ironically, [...]

2019-07-26T14:45:10-07:00July 26th, 2019|Advocacy|

NIMBYs Beware: Latest Bold SF Plan Asks Every Neighborhood to House the Homeless

How many times have we heard our fellow San Franciscans gripe about the city’s worsening homeless crisis and then reject a proposal to help if it’s too close to their comfortable homes? You know, the ones with warm beds and stocked refrigerators and functioning bathrooms? We really want to help, they say. It’s just that our neighborhood isn’t [...]

2019-07-26T14:36:44-07:00July 26th, 2019|Advocacy|

657 Rent-Controlled Apartments Stripped from La’s Rental Market in Three Months

In the last three months, property owners in the city of Los Angeles filed applications to remove rent control from 657 apartments. “We’ve seen a huge increase this round,” says Larry Gross, who’s been tracking Ellis Act evictions for nearly two decades as the head of the Coalition for Economic Survival. “It’s the equivalent of [...]

2019-07-26T13:25:40-07:00July 26th, 2019|Advocacy|

Ray Boulger: Rent Controls Would Cause a Drop in Supply

New York City's biggest owner of rent-stabilized apartments, private equity giant the Blackstone Group, says it is stopping improvements at the 11,000-unit housing complex it bought in 2015. Blackstone said it is now re-evaluating what to do with the apartments at Stuyvesant Town and Peter Cooper Village in Manhattan's Lower East Side new rent regulation laws, Crain’s New York Business reports. While Blackstone [...]

2019-07-24T16:46:51-07:00July 24th, 2019|Advocacy|

Blackstone Pulls Plug on Renovations at Its Biggest New York Property after Rent Reform

New York City's biggest owner of rent-stabilized apartments, private equity giant the Blackstone Group, says it is stopping improvements at the 11,000-unit housing complex it bought in 2015. Blackstone said it is now re-evaluating what to do with the apartments at Stuyvesant Town and Peter Cooper Village in Manhattan's Lower East Side new rent regulation laws, Crain’s New York Business reports. While Blackstone [...]

2019-07-24T09:33:17-07:00July 24th, 2019|Advocacy|

Red State Governments Ban Blue Cities from Passing Bills to Make Housing Affordable

In December of 2018, Miami passed an ordinance—the first of its kind in the city—mandating the inclusion of affordable housing in new developments in certain neighborhoods. The city claims the highest share of rent-burdened residents in the country, and the inclusionary zoning ordinance was intended to address the city's severe shortage of affordable housing. [...]

2019-07-23T15:53:40-07:00July 23rd, 2019|Advocacy|

The landlords’ improbable lawsuit against rent regulations should fail

In a remarkable show of the increased influence of resurgent progressives in Albany at the end of the most recent legislative session, the Assembly triumphed over some of the powerful real estate lobby and passed an ambitious law aimed at protecting tenants. Landlords are now fighting back the way they often have: using the courts. Their arguments [...]

2019-07-23T15:25:38-07:00July 23rd, 2019|Advocacy|

Prop. 13 Jitters: Decron Sells Mixed-Use Office and Retail Complex in Huntington Beach Ahead of Split Roll Vote Next Year

Call it the "split roll" jitters. Citing a state ballot measure that would raise property taxes on nonresidential commercial and industrial buildings, Decron Properties has sold an 8.6-acre mixed-use office and retail property in Huntington Beach. Decron has sold Ocean Plaza, a 14-story, 207K SF skyscraper with a separate one-story, 108K SF retail and restaurant building [...]

2019-07-23T15:12:52-07:00July 23rd, 2019|Advocacy|

New York’s new rent law could wind up killing rent control

By passing drastically tougher rent laws this June, the Legislature may have accidentally doomed rent control altogether. At the least, it’s prompted a federal lawsuit that could raises major constitutional issues. Individual property owners and two groups, the Community Housing Improvement Program (or CHIP) and the city Rent Stabilization Association (or RSA) filed the case [...]

2019-07-23T11:35:54-07:00July 23rd, 2019|Advocacy|

Has Gavin Newsom Made Progress on His Pledge to Boost California’s Housing Supply?

On the campaign trail, Gavin Newsom promised to rapidly expand California's housing supply, saying he would "lead the effort to develop 3.5 million new housing units" by 2025 to address the state's affordable housing crisis. Two years ago, as lieutenant governor, he wrote on Medium, "Simply put, we're experiencing a housing affordability crisis, driven by [...]

2019-07-23T10:49:29-07:00July 23rd, 2019|Advocacy|