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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.
2 dead, 3 injured during violent rampage in Southern California
A 42-year-old man is in custody in connection with a violent crime spree that left two people dead and three injured in Ventura County Thursday, officials confirmed to KTLA. The first incident, according to Captain Dean Worthy with the Ventura County Sheriff’s Department, unfolded just after 1 p.m. near the intersection of Rice Road […]
[UPDATE 7:37 p.m.] Large Law Enforcement Presence Searching for Suspect(s) Near Fairhaven West of Eureka
This evening, a significant law enforcement presence has been reported near Fay Street in the area known as Finn Town, located north of Fairhaven. Multiple Humboldt County Sheriff’s deputies, along with K-9 units and officers from the California Highway Patrol (CHP), are on the scene, actively searching for suspect(s).
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. […]
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,...
Meghan Markle's New Reality: Duchess Lives With 'Regrets' About 'Megxit' But Focuses on 'Structured' Life in California
Meghan Markle sat down for a rare interview with The New York Times on Wednesday, August 28, and despite claiming she enjoys her "isolated but structured" life in California, there could be some certain "regrets" as well, RadarOnline.com has learned. "Meghan does regret certain statements that she made," royal expert Kinsey Schofield dished. "They weren’t received in the way that she had expected, and several of her comments have backfired.""She and Prince Harry deeply regret the royal racist controversy," she added. "Meghan wanted the takeaway from their Oprah interview [in 2021] to be about her mental health. And I think...
New pop-up fishing gear trial offers hope for California crab fishermen
MONTEREY, Calif. — A new trial for pop-up fishing gear off the California Coast is showing success, with the potential to give economic hope to crab fishermen. In the past, whale migration season has closed off the water to protect whales from dangerous fishing line entanglements. Normal crab traps...
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