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The Forecast is Heating Up for Multifamily Housing Markets
Following a tempered Winter outlook, Summer 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey panelists see multifamily housing poised for growth over the next few years, as slowed development influences demand and vacancy rates. Increased home prices and increased rental rates in California, as well as new laws easing some of the regulatory burden for developers, are reflected in the panelists’ optimism. While fewer panelists are planning new multifamily development than this time last year, the number is higher than compared to Winter 2024. Kitty Wallace, Senior Executive Vice President, Colliers International and Tim Hutter, Partner, Allen Matkins, discuss what the next three years for this sector of the California commercial real estate market.
Allstate approved for 34.1% rate hike in California, affecting over 350,000 policyholders
Allstate has received approval from the California Department of Insurance to raise rates by an average of 34.1% for more than 350,000 policyholders statewide, with some customers facing premium increases of up to 650% and others seeing their rates drop by as much as 57%.
Victor Davis Hanson Speaking at SLO Cattlemen’s Fundraiser 8.29.2024
The San Luis Obispo County Cattlemen’s Political Action Committee will be holding a fundraiser dinner on Saturday, September 14th at Raven Ranch in Paso Robles. The County Cattlemen’s Association represents beef cattle producers at the local, state, and federal levels of government, with the political action committee supporting individual candidates they believe best represent the interests of the county’s cattlemen.
The Walnut Creek bar at the center of controversy is for sale — but there’s a catch
WALNUT CREEK — A back-alley bar known as a “hidden gem” for speakeasy vibes and trendy tunes in Walnut Creek is up for sale after the owner tussled with city officials last year. Bidding starts at $250,000 to take the helm of Spoontonic Lounge, which is advertised...
‘I’m not going anywhere,’ says woman, 96, as she’s told to cough up $110k or risk eviction despite signing lifetime deal
A NURSING HOME resident, 96, is facing homelessness after being ordered to pay $110,000 amid a stressful contract dispute. Jean Jacques has lived in the same unit for 22 years – but was given just three days’ notice. Jacques moved into the former California-Nevada Methodist Homes (CNMH) Pacific Grove, California, 22 years ago. She told […]
‘Dancing With the Stars’ pro Artem Chigvintsev arrested on domestic violence charge in California
YOUNTVILLE, Calif. (AP) — “Dancing With the Stars” pro Artem Chigvintsev was arrested Thursday and booked on a domestic violence charge in northern California, according to the local sheriff’s office. When Napa County Sheriff’s deputies responded to a domestic violence call in Yountville, it was apparent...
New bill requires self-driving cars to report traffic violations, malfunctions to DMV
(KRON) — A new bill requiring self-driving cars, or autonomous vehicles (AVs), to report all accidents, traffic violations, and malfunctions to the DMV passed the assembly floor and is heading to the governor’s office. “This is all about safety,” Assemblymember Matt Haney, author of the bill, said. “AV companies are preparing to roll out in […]
Allstate increases California home insurance rates by 34 percent
(KRON) — Homeowners in California insured by Allstate are facing a rate increase. Allstate was recently approved for an insurance rate hike by the California Department of Insurance, the insurance company said in a statement to KRON4. The rate hike is set to be an average of 34.1% for more than 350,000 homeowners across California. […]
Governor Newsom, state and federal leaders celebrate launch of California’s first-in-the-nation hydrogen hub
What you need to know: California is the first state to officially launch one of the country’s seven hydrogen hubs – the next chapter of California’s climate leadership and a key part of the Governor’s build more, faster agenda deploying clean infrastructure and good jobs across the state.
Study Highlights Physical and Emotional Impact of California Wildfires
In recent years, California has experienced extreme wildfires, causing substantial loss of life and property. A UC Irvine study examined the effects of frequent exposure to wildfires and wildfire smoke on the physical and mental health of Southern California residents. Wildfires in California are 25% more likely relative to preindustrial...
Yes, the monsoon can even affect Southern California
Most summertime weather in Southern California is fairly benign. But clouds, rain and thunderstorms can occasionally come from another source: The same North American Monsoon that mainly affects the desert southwest. Powerful monsoon storms moved through Arizona, Utah and Colorado on Aug. 21-23, 2024, with intense downpours, hail, heavy winds,...
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