Tag: iab-real estate

‘This is a war’: Californians seek affordable housing alternatives | CNN Business

Los Angeles
CNN
—

At 26, Ixchel Hernandez has become the defender and protector of her family’s modest apartment. In the two decades they’ve lived in their Los Angeles home, the family of four has successfully fought against multiple attempts aimed at pricing and, ultimately, forcing them out.

“We are human beings with the right to live in our home, and that’s just frankly what every person… in every home and [in] every building should know … they have the right to have their own space, to have their home,” Hernandez said.

But, across the country, affordable housing is becoming increasingly rare to find. The lack of housing inventory coupled with inflation and zoning inequalities have priced out most families, especially those who start with little-to-no capital of their own.

Ixchel’s parents moved to the United States from Mexico in hopes of giving her and her brother opportunities and a safe environment. Her father, Jose Hernandez, never wanted to give the family’s various landlords a reason to evict them over the years, and he dreamed of owning his own home one day.

“Thank God we never failed to pay our rent,” he said. But in order to keep up with rising rents, both parents worked and even opened up their home to another family for a brief time. Ixchel remembers six people crammed into their one-bedroom apartment.

“It shouldn’t have to be that way where you’re kind of fighting for space or you’re going to have to move so far out of LA to be able to have a home,” she said.

To purchase a house in more than 75% of the nation’s most populous cities, an average family needs to spend at least 30% of their annual income on housing. In cities like Miami, New York and Los Angeles, that number surges to more than 80% of an average family’s annual income.

Home ownership for the Hernandez family, and so many others, has felt like a fading American dream. That is until they discovered a Civil Rights era approach that helps promote home ownership, particularly among minority groups, who are disproportionately impacted by the affordable housing crisis. It’s called a Community Land Trust, or CLT.

“We’re operated by residents who actually live in our building… [as well as] folks from the communities that we’re serving,” said Kasey Ventura of the Beverly-Vermont Community Land Trust. “My interest in this work, outside of just preserving housing and affordable housing, is preserving culture in a community.”

A CLT is essentially a nonprofit organization that buys the land on which a building sits, thereby allowing a community’s residents to collectively manage it. Some residents eventually choose to form a co-op with their neighbors and take ownership of their buildings, renting the land.

The Hernandez family and their neighbors embraced the concept. This year they joined the Beverly-Vermont CLT, one of at least five in Los Angeles and more than 200 nationwide. The process requires neighbors to meet regularly over several months before ultimately unanimously agreeing on various terms so as to finalize the trust. Ixchel now sits on the board of her building’s management; it’s in the final stages of ownership transfer to the co-op.

“What’s important is that we’re now owners!” said Ixchel’s mother, Guadalupe Santiago. “But it’s also important to remember it was not easy,” her father cautioned.

“It may not seem like a lot to a lot of folks that have money or come from money,” Ixchel said. “[But] we are just as much trying to build that generational wealth.”

According to 2019 figures, the United States was roughly 3.8 million homes short of what was needed to house families. That is more than double the number from a decade earlier. California has the largest housing deficit of any other state, requiring an estimated million more homes to meet housing demands.

“We don’t necessarily view housing as a need that everybody should have. And that’s key… in this work,” said Kasey Ventura, who helps run the Beverly-Vermont Community Land Trust in Los Angeles.

While CLTs are a solution, Ventura admits there are — and should be — other affordable housing options to adequately address the crisis.

In Southern California, there is growing demand for construction and rental of ADUs, or Accessory Dwelling Units. Also called “carriage homes,” the converted garages or newly built smaller structures sit adjacent to existing homes and are on the same property. The mostly studio or one-bedroom apartments provide a more affordable option to many who prefer to live or work in areas that might otherwise be too expensive.

Others have advocated for utilizing unoccupied homes. There are dozens of vacant houses, in some cases, sitting just a few blocks from several homeless encampments lining many Los Angeles sidewalks. However, efforts to transform them into affordable housing in some neighborhoods have proven controversial among existing homeowners.

Another route undertaken by some companies is Employer-Assisted Housing. Although they have only finished a portion of what they initially pledged, in recent years corporations like Google, Meta and Apple have promised to spend billions of dollars on some 40,000 new homes in California. The initiative began in order to combat soaring home prices in the Bay Area, while also recruiting and retaining talent who needed more affordable housing options, along with a shorter commute to the office.

“Just to be able to be like, ‘Okay, I’m gonna wake up, take a walk down the street and come to work.’ I mean that’s awesome!” said Matthew Johnson, an employee of Factory_OS in Vallejo, California, which already plans to provide workforce housing options to its workers in the coming years. However, unlike other companies, Factory_OS employees will build their own homes.

In a space once used to build US Navy submarines during World War II, Larry Pace now operates Factory_OS outside San Francisco. He co-founded the company with Rick Holliday to address the worsening housing shortage.

“That we’ve repurposed a building that was once for instruments of war, [so as] to [now] create affordable and supportive housing…. I don’t know how much cooler that can be,” said Pace.

Factory_OS puts homebuilding onto an assembly line and produces fully finished modular units within two weeks. From insulation and drywall to flooring, fixtures and paint, all of it is prefabricated within the confines of the factory before it’s trucked to a site for assembly.

“We’ve created an IKEA for the manufacturing of homes,” said Pace. “Then we put the pieces together.”

When hoisted by a crane and stacked like sophisticated Legos, the modular units combine to make entire apartment buildings. Pace maintains there are massive cost-savings and huge efficiencies in moving homebuilding into a factory setting compared with on-site construction.

“We’re building houses for the people who need them, for the people who have been struggling to be able to support their families or pay rent or pay bills,” said Johnson, as he placed support beams for a roof of one of the units.

The 38-year-old Factory_OS employee and father of five was once homeless, and he said he often thinks about the families who will one day live under the roof he’s assembling. w

“Every morning I wake up, I’m grateful… that I come home from work and there are my kids waiting for me,” said Johnson.

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December 15, 2022
Julius’ Bar, the site of an essential 1960s LGBT protest, is officially a historic landmark | CNN

CNN
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Julius’ Bar, one of New York City’s oldest LGBT bars and the location of a crucial 1960s protest, has been officially recognized as a city landmark.

The bar was officially recognized by the New York City Landmarks Preservation Commission on December 6th, according to a news release from the New York City government.

The city called the bar “one of the city’s most significant sites of LGBTQ+ (Lesbian, Gay, Bisexual, Transgender, and Queer) history” in the news release.

Julius’ was the site of the 1966 “Sip-in,” a protest against homophobic discrimination – although at the time, the bar wasn’t an explicitly LGBT space. Four men named Dick Leitsch, Craig Rodwell, John Timmons, and Randy Wicker staged the event to protest the persecution of gay men for drinking in public, according to the National Park Service. Bars and restaurants could be raided for “disorderly” conduct, which included men flirting and kissing, says the service. So bars often refused to serve clients who they knew were gay.

At Julius’, the men announced they were gay – and the bartender refused to serve them, saying it was illegal. The men successfully brought a court case challenging that interpretation of the law. And in 1967, “the courts ruled that indecent behavior had to be more than same-sex ‘cruising’” kissing or touching,” says the National Park Service. “Gays could legally drink in a bar.”

Julius’, located in New York City’s West Village, is a crucial piece of the city’s history: The bar has been open since the 1860s, according to the National Park Service. And today, it openly describes itself as a gay bar on its social media.

“The ‘Sip-In’ at Julius’ was a pivotal moment in our city and our nation’s LGBTQ+ history, and this designation today marks not only that moment but also Julius’ half-century as a home for New York City’s LGBTQ+ community,” said New York City Mayor Eric Adams in the city news release. “Honoring a location where New Yorkers were once denied service solely on account of their sexuality reinforces something that should already be clear: LGBTQ+ New Yorkers are welcome anywhere in our city.”

Council member Erik Botcher thanked the activists who pushed for the landmark designation in the release.

“As a gay man who enjoys countless freedoms that were unimaginable in their time, I owe enormous debt to the activists who made Julius’ Bar the site of their protest.” Bottcher said in the release. “Landmarks should tell the history of all New Yorkers, including those from marginalized communities.”

And the landmark status will help ensure the historical site is preserved for decades.

“The Commission’s designation of the Julius’ Bar Building today recognizes and protects the site of the 1966 ‘Sip-In,’ an important early protest against the persecution of LGBTQ+ people that drew vital attention to unjust laws and practices and paved the way for future milestones in the fight for LGBTQ+ rights,” said Sarah Carroll, the landmarks preservation commission chair, in the release.

“This building represents that history and has remained an important place to commemorate it,” she went on.

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December 10, 2022
Jury deliberations in Harvey Weinstein’s 2nd sexual assault trial enter 6th day in Los Angeles | CNN

CNN
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The second sexual assault trial of Harvey Weinstein, the former movie producer accused of using his Hollywood influence to lure women into private meetings and assault them, entered its sixth day Friday in the hands of a Los Angeles jury.

Weinstein, behind bars in a medical unit, awaits a verdict on two counts of forcible rape and five counts of sexual assault involving four women – a model, a dancer, a massage therapist and a producer. He has pleaded not guilty to all charges against him.

Jurors began deliberating Friday after hearing weeks of testimony from dozens of witnesses. As of Thursday evening, jurors have been in deliberation for about 20 hours.

At trial, four of the original 11 charges against Weinstein tied to one of the Jane Does were dropped without explanation.

Weinstein could face 60 years to life in prison, plus an additional five years, if the jury finds him guilty.

Weinstein is already serving a 23-year sentence after being convicted of a criminal sex act and third-degree rape during a 2020 trial in New York. His attorneys have appealed the conviction.

Weinstein’s publicist, Juda Engelmayer, told CNN the former producer is in a detention facility’s medical unit, and is anxious but “hoping for the best.”

The trial in Los Angeles included testimony from the four accusers identified as Jane Does in court, and other witnesses, including experts, law enforcement, friends of accusers and former aides to Weinstein.

Additionally, four women testified they were subjected to similar incidents by Weinstein in other jurisdictions.

All the accusers were asked in court to recount the details of their allegations against Weinstein, provide details of meetings with the producer from years ago and explain their reactions to the alleged assaults.

Jennifer Siebel Newsom, a filmmaker and the wife of California Gov. Gavin Newsom – identified by her attorneys as Jane Doe 4 – alleged Weinstein raped her in a hotel room in 2005.

In closing arguments Wednesday, Los Angeles County Deputy District Attorney Marlene Martinez called Weinstein a “titan” who used his power in Hollywood to prey on and silence women.

“Rapists rape. You can look at the pattern,” fellow prosecutor Paul Thompson told jurors.

“You have irrefutable, overwhelming evidence about the nature of this man and what he did to these women,” Thompson said.

Meanwhile, Weinstein’s attorneys have maintained the allegations are either fabricated or occurred consensually as part of a “transactional relationship” with the movie producer, repeatedly saying there is no evidence of assault.

Defense attorney Alan Jackson called the accusers “fame and fortune seekers.”

Each morning at trial, Weinstein was brought from a correctional facility and wheeled into the Los Angeles courtroom wearing a suit and tie and holding a composition notebook.

His accusers all began their oftentimes emotional testimonies by identifying him in the courtroom as he looked on.

“He’s wearing a suit, and a blue tie and he’s staring at me,” Siebel Newsom said last month, before what was one of the most emotional moments of the trial.

On Thursday of last week, defense attorney Jackson asked jurors if they could “accept what (the Jane Does) say as gospel,” arguing what they said was a lack of forensic evidence supporting their claim.

“Five words that sum up the entirety of the prosecution’s case: ‘Take my word for it,’” Jackson said. “‘Take my word for it that he showed up at my hotel room unannounced. Take my word for it that I showed up at his hotel room. Take my word for it that I didn’t consent. Take my word for it, that I said no.’”

Siebel Newsom described an hourslong “cat-and-mouse period,” which preceded her alleged assault. She, like other accusers, described feeling “frozen” that day.

Attorneys for Weinstein do not deny the incident occurred, but said he believed it was consensual.

Jackson called the incident “consensual, transactional sex,” adding: “Regret is not the same thing as rape. And it’s important we make that distinction in this courtroom.”

Women’s rights lawyer Gloria Allred, who is representing Jane Doe 2 in the case, told CNN she hopes the jury sees her client “has no motive at all to do anything but tell the truth.”

“She never sought or received any compensation … She doesn’t live in California anymore. But she is testifying because she’s been asked to testify and I hope that they see her as the young woman that she was when she met Harvey Weinstein, and the woman that she is today approximately nine to 10 years later. Her life has changed,” Allred said.

“To be willing to subject yourself to what could be a very brutal cross-examination. That takes a very special person to do that. And she is a special person. I’m very proud,” Allred said.

In her closing arguments, Martinez also highlighted that the women who testified chose to do so despite knowing they would face tough conditions in court.

“The truth is that, as you sit here, we know the despicable behavior the defendant engaged in. He thought he was so powerful that people would … excuse his behavior,” Martinez said. “That’s just Harvey being Harvey. That’s just Hollywood. And for so long that’s what everyone did. Everyone just turned their heads.”

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December 9, 2022
Trump should not be trusted with national secrets if charges prove true, his ex-Defense secretary says | CNN Politics

CNN
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Donald Trump’s onetime Defense secretary said Sunday that the former president should not be trusted with the nation’s secrets again should the allegations made in his federal indictment over his handling of classified documents prove true.

“Based on his actions – again, if proven true – under the indictment by the special counsel, no,” Mark Esper told CNN’s Jake Tapper on “State of the Union.”

“It’s just irresponsible action that places our service members at risk, places our nation security risk. You cannot have these documents floating around. They need to be secured,” he said.

Trump has pleaded not guilty to 37 federal charges, including 31 counts of “willful retention of national defense information.” The former president denies any wrongdoing.

Esper’s critical remarks about his onetime boss follow damning language by another high-profile Trump administration official – former Attorney General Bill Barr – who said last week that Trump was “toast” if even half of the details in his indictment were true.

“The revelations are very troubling, disturbing,” Esper said Sunday when asked by Tapper if Trump’s actions put America’s national security at risk. “Yes, I do. If the allegations are true that it contained information about our nation’s security, about our vulnerabilities, about other items, it could be quite harmful to the nation. And, look, no one is above the law. And so I think this process needs to play out and people held to account, the president held to account.”

Trump fired Esper as his Defense secretary in November 2020, shortly after Joe Biden was projected as the winner of the presidential election.

Meanwhile, in a separate interview on “State of the Union,” House Intelligence Chairman Mike Turner said he was “not going to defend the behavior” listed in the indictment against Trump but the government would need to prove its case as the legal process moves forward.

The Ohio Republican also said he had “grave concern” about the way documents were stored not just as it pertained to Trump but to Biden as well. A separate special counsel is leading an investigation into Obama-era classified documents found at Biden’s home and former private office.

‘Grave concern’: GOP House Intel Chair on classified Trump docs – full interview

“The chair and ranking (member) of both the House Intel and Senate Intel (committees) have seen some of the documents, both from the Biden cache and the Trump documents itself. And I can tell you that, from having looked at both of those documents, I have grave concern about both of those type of documents being out in an unsecured place,” Turner said. “Both of them included details of national security issues that should not have been outside of a controlled environment.”

Turner also previewed a closed-door meeting Tuesday his committee will be holding with John Durham, the special counsel who concluded in a report released last month that the FBI should never have launched a full investigation into connections between Trump’s campaign and Russia during the 2016 election.

“We’re pulling him in to our committee to say, ‘OK, now that we have seen that there were abuses, that this was wrong, and that there are problems with (the Foreign Intelligence Surveillance Act) itself, what are the recommendations that you think we should pursue?’” Turner said.

Durham is expected to testify publicly before the House Judiciary Committee on Wednesday.

His 300-plus page report states that the FBI used “raw, unanalyzed, and uncorroborated intelligence” to launch its Trump-Russia investigation but used a different standard when weighing concerns about alleged election interference regarding Hillary Clinton’s campaign.

Durham, however, did not recommend any new charges against individuals or “wholesale changes” about how the FBI handles politically charged investigations, despite strongly criticizing the agency’s behavior.

This report has been updated with additional details.

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April 12, 2021
Supreme Court takes up case concerning Americans with Disabilities Act ‘tester’ of hotels | CNN Politics

Washington
CNN
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The US Supreme Court on Monday agreed to hear a case concerning whether a self-appointed “tester” of the Americans with Disabilities Act has the right to sue hotels over alleged violations of the civil rights law.

The court was asked to take the case by Acheson Hotels, which owns and operates a hotel in coastal Maine. The company was sued by Deborah Laufer, who they say has filed hundreds of lawsuits against hotels across the country, claiming their websites are not in compliance with ADA rules that require hotels to disclosure information about how accessible they are to individuals with disabilities.

Though Laufer doesn’t intend to visit the hotels she’s suing, the lawsuits are brought in an effort to force the hotels to update their websites to be in compliance with the law.

A district court dismissed Laufer’s suit against Acheson Hotels, ruling she lacked the procedural threshold – known as standing – needed to bring the suit. But an appeals court later ruled in her favor.

Now, the justices will decide next term whether she has the right to act as a “tester” toward hotels she doesn’t intend to visit.

“Laufer is one of numerous ‘testers’ who have collectively brought thousands of lawsuits under the ADA. A cottage industry has arisen in which uninjured plaintiffs lob ADA lawsuits of questionable merit, while using the threat of attorney’s fees to extract settlement payments,” the hotel told the justices in court papers. “These lawsuits have burdened small businesses, clogged the judicial system, and undermined the Executive Branch’s exclusive authority to enforce federal law.”

The hotel run by Acheson Hotels has a notice posted to its website that says, “Please Note: Unfortunately, we do not have the capabilities to provide pet-friendly or ADA compliant lodging. We apologize for the inconvenience!”

Laufer had urged the justices to take the case, with her attorneys arguing in court papers that they should affirm the appeals court ruling.

“Without civil rights advocates such as this plaintiff, there would be no enforcement of the ADA,” they wrote in part.

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April 12, 2021
AC is hard on the planet. This building has a sustainable solution | CNN Business

New York
CNN
—

In mid-July at the construction site at 1 Java Street in Brooklyn, New York, the outside temperatures can reach sweltering highs in the 90s. But 500-feet underground, it’s 55 degrees all year round.

That stable, underground temperature will be key to making life comfortable in the residential building that will soon sit on the site, a scenic spot in the Greenpoint neighborhood along Brooklyn’s waterfront.

With 834 rental apartments plus commercial space, 1 Java Street is set to be the largest multifamily, residential building with “geothermal” heating and cooling system in New York State — and potentially the country — when it’s completed in late 2025, according to developer Lendlease.

Geothermal technology is essentially a more eco-friendly version of an HVAC system, allowing the building spaces and water to be cooled and heated more efficiently, without traditional window AC units and natural gas. Lendlease says the technology will make it possible for the nearly 790,000-square foot building to release around 55% less carbon and achieve net zero greenhouse gas emissions.

With summer temperatures reaching record highs around the world, experts say finding ways to cool buildings that are less taxing on the environment could be crucial in fighting climate change. Even back in 2018, air conditioning and electric fans accounted for around 20% of total global electricity use, according to a report cpublished that year by the International Energy Agency. Now, energy and urban development experts are urging cities and developers to implement new solutions to keep buildings cooler. And both New York City and the Biden administration have identified geothermal systems as one way to reduce greenhouse gas emissions.

“Whenever we look at a site, we consider how we can make it more sustainable,” Layth Madi, Lendlease’s senior vice president and director of development, told CNN, adding that the development firm is aiming to reach net zero by 2025 and be fully decarbonized by 2040.

“I think many residents will choose to live in this building because of its green credentials,” Madi said. “We know a lot of people are thinking about climate change and our impact on the planet.”

Geothermal plumbing works by sending water from a building deep into the ground below it to take advantage of the earth’s naturally stable internal temperature — on hot days, the underground temperature will reduce the temperature of warm water from the building to help with cooling; on cold days, it will warm up cold water to help with heating.

At 1 Java Street, construction crews are drilling 320 holes, each around 4 inches in diameter and 499-feet deep, to create the building’s geothermal piping system through which the water will be pumped.

“Your thermostat turns on and it tells your building, ‘I need heating or cooling.’ And it energizes pumps, and those pumps flow fluid through the [geothermal] circuit that we’ve established here on site,” said Adam Alaica, director of engineering and development at Geosource Energy, the Canadian firm that’s installing and drilling the vertical geothermal piping at 1 Java Street.

For now, the process doesn’t come cheap. Installing the building’s geothermal system increased construction costs by around 6%, according to Madi, and required securing equipment and trained manpower that remains relatively scarce.

“We’re seeing rapid growth — I would say approaching that of exponential growth year over year in interest in the technology, which is very exciting for the industry as a whole,” Alacia said. “The bottlenecks to that growth have always been, and will continue to be in the years to come, specialty machinery to implement this infrastructure and the people resources it takes to do this.”

Eventually, though, as more developers invest in geothermal and more companies provide the specialty training needed to install the technology — Geosource operates its own training program — Madi said he expects the costs to come down. And once the building is up and running, it should be more cost efficient to heat and cool.

Lendlease didn’t specify whether residents of 1 Java Street will experience any cost savings on utilities thanks to the geothermal system (the units themselves will be priced at market rate, with 30% of them set aside as affordable housing). “Ultimately, it will be up to tenants to manage their power consumption and work with the utility company on billing,” the company told CNN.

While 1 Java Street will be one of relatively few geothermal buildings in the state, the companies behind its development say New York — and the world — could use more buildings like it.

“Geothermal is not a new technology … there’s kind of a primitive component to it, using the earth as a heat source and heat sink,” Alacia said. “In general, geothermal can really be used anywhere you have ground under your feet … The cost and the business case can vary, but technically it has strong credentials really anywhere in the country.”

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April 12, 2021
‘X’ removed after being installed atop company headquarters following Twitter’s rebrand | CNN Business

CNN
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Officials from the San Francisco Department of Building Inspection on Monday morning observed that the new “X” on top of the building formerly known as Twitter’s headquarters was being dismantled, according to Patrick Hannan, the department’s spokesman.

The news comes after the company was issued a notice of violation (NOV) Friday for work without a permit for the new sign, which flashes at night, that adorns the building.

“Over the weekend, the Department of Building Inspection and City Planning received 24 complaints about the unpermitted structure, including concerns about its structural safety and illumination. This morning, building inspectors observed the structure being dismantled. A building permit is required to remove the structure but, due to safety concerns, the permit can be secured after the structure is taken down,” Hannan said in an email to CNN.

“The property owner will be assessed fees for the unpermitted installation of the illuminated structure. The fees will be for building permits for the installation and removal of the structure, and to cover the cost of the Department of Building Inspection and the Planning Department’s investigation,” he added.

CNN has reached out to the company formerly known as Twitter for comment.

– CNN’s Ramishah Maruf contributed to this report

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April 12, 2021