Rental Property Owners Ordered to Pay Tenant $1,000,000.00!

In a housing discrimination case brought by the Santa Monica City Office that involved a family member with disabilities, Los Angeles Superior Court Judge Lisa Sepe-Wiesenfeld has signed a stipulated judgment and injunctions against the two defendant-landlords, The injunction protects future tenants with disabilities from discrimination and harassment. In case No. SC125490, the city alleged…

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Something to Think About #132: Part 3: The Mission Indians by Klarise Yahya, Commercial Mortgage Broker – BRE: 00957107; MLO: 249261

The construction of Spanish missions was cabined by limitations on skilled labor, available building materials, and the priestly desire to create notable buildings, perhaps even reminiscent of the grand public buildings in Spain. This article briefly summarizes the effect of Spanish rule on the Indians providing the unskilled labor that first constructed and later supported…

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Multifamily Demand Remains Stable As Rent Growth Slows By John Triplett

Multifamily rents are rising as demand remains stable and healthy, but rent growth is slowing in some markets, Yardi Matrix says in the June National Multifamily Report. “While some markets are experiencing slowing growth, multifamily largely continues to perform well, with a solid 95 percent occupancy rate and moderate rent growth in most metros.  However, economic uncertainty and…

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Navigating California’s Building Balcony Safety (SB 721 and SB 326): A Comprehensive Guide for Landlords and Building Owners By Omid Ghanadiof, Dr. Balcony

As a landlord or building owner in California, it is essential to stay informed about the latest legislative developments that impact your responsibilities and obligations. Two important bills, SB 721 and SB 326, have been enacted to enhance safety standards for multi-unit residential buildings. This article aims to provide a comprehensive guide to help you…

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Rising Interest Rates Put Multifamily Borrowers and Lenders in a Bind By: Yardi Matrix

Participants at the CREFC (Commercial Real Estate Finance Committee) annual conference in June highlighted the troubles that include weak demand, rising defaults and growing difficulty in refinancing maturing loans, Yardi Matrix writes in a special bulletin. “No matter how well loans are performing, takeout financing will be difficult,” said one panelist at the meeting of CRE Finance Council’s Annual…

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Oppose the “Justice for Renters Act” 2024 By Michael Millman, Esq.

The below letter was sent out by Attorney Michael Millman. Dear Friends: Although every tenant activist affirms and agrees that upon the completion and passing of a comprehensive statewide rent control law, (AB 1482), there would be no further challenge or attack on the “protections” secured by the 1995 Costa-Hawkins Fair Housing Act. It appears…

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