ACTION Apartment Association

Santa Monica Third Least Affordable City in U.S. for Homebuyers

06/16/2021 8:51 AM | Margaret Fulton (Administrator)

The popular beach destination had a "weighted home price" of $1,427,568, which takes into account household size, and a median household income of $92,490, according to the study by AdvisorSmith.

Only Palo Alto, which topped the list with a weighted price of $2,672,011 and a median household income of $160,360, and Newport Beach, with $2,094,913 and $128,294 respectively, were less affordable.

Rent control increases capped by Board

06/15/2021 8:42 AM | Margaret Fulton (Administrator)

Rent increases for rent-controlled units will be limited to 1.7% this year with a maximum monthly increase of $39.

Few Applicants Jump in to Fill Vacant Council Seat

06/15/2021 8:29 AM | Margaret Fulton (Administrator)

The bid to fill Kevin McKeown's seat on the City Council is off to a slow start, with 14 candidates submitting applications since the process kicked off Wednesday.

That compares with 35 candidates who applied during the same period for an open seat in January 2019 and a record 115 total applicants for a vacant seat last July.

Plan to Put Affordable Housing in Single-Family Neighborhoods Likely Dead

06/14/2021 9:41 AM | Margaret Fulton (Administrator)

A plan that would pave the way for affordable housing projects in most Santa Monica single-family neighborhoods lacks the support to win City Council approval.

Martin Cadillac Redevelopment Takes Shape

06/14/2021 9:40 AM | Margaret Fulton (Administrator)

Located at the site of the former Martin Cadillac dealership at Bundy and Olympic Boulevard and Bundy Drive, West Edge, a 807,000 square foot, 8-story mixed-use development featuring eight stories of creative office space, 600 luxury rental apartments, a grocery store (Gelson’s), eight restaurants, in addition to cafes and retail.

Rent Control Board Decides to Cap Increases at $39 for MARs of $2,265 or Higher

06/11/2021 12:10 PM | Margaret Fulton (Administrator)

At their June 10 meeting, the Board decided to apply a formula, also in the Rent Control Charter, that limits this year’s increase for rents of $2,265 or above to $39.

Bobadilla Rejects Offer to Become Santa Monica City Manager

06/11/2021 9:20 AM | Margaret Fulton (Administrator)

Montebello City Manager René Bobadilla informed the Santa Monica City Council on Thursday that he is rejecting the offer to become the new City Manager.

AND: https://www.smdp.com/bobadilla-rejects-santa-monica-city-manager-position/205749

Council picks new City Manager

06/10/2021 9:52 AM | Margaret Fulton (Administrator)

Santa Monica is set to hire René Bobadilla as the city’s newest City Manager following a vote taken Tuesday night by City Council.

Downtown grocery to become mixed use development

06/10/2021 9:49 AM | Margaret Fulton (Administrator)

Plans to redevelop the grocery store at Lincoln and Broadway will be before the Planning Commission next week for one of the first public discussions.

The property is currently home to a Von’s store with an above ground parking lot but the proposed project would redevelop the site into a mixed use concept with parking, ground floor retail (grocery store) and several levels of housing.

Council Votes to Hire Bobadilla as City Manager

06/09/2021 8:21 AM | Margaret Fulton (Administrator)

The Santa Monica City Council Tuesday night unanimously voted to hire Montebello City Manager René Bobadilla as the new city manager.

The Council also unanimously voted to bring back former City Manager John Jalili to serve as interim city manager during the transition period when Lane Dilg leaves the post in two weeks.

AND: https://www.santamonica.gov/press/2021/06/08/rene-bobadilla-selected-as-santa-monica-s-next-city-manager-former-city-manager-john-jalili-to-serve-as-interim-city-manager