ACTION Apartment Association

Santa Monica Real Estate Report – November 21st, 2022

11/21/2022 11:44 AM | Margaret Fulton (Administrator)

See Video: https://smmirror.com/2022/11/j-p-morgan-chase-seeks-to-sell-1-4-million-square-feet-of-office-space-santa-monica-real-estate-report-november-21st-2022/

Santa Monica Developer Puts 3 'Builder's Remedy' Properties for Sale

11/21/2022 11:42 AM | Margaret Fulton (Administrator)

WSC is selling three Santa Monica properties rushed into the planning pipeline last month before the City's Housing Element was given final approval by the State, The Lookout has confirmed.

The three preliminary applications -- which include 437 market-rate units and 88 affordable units -- can bypass the City's zoning code and general plan if final plans are submitted within six months.

Negrete Headed Back to Council

11/18/2022 9:03 AM | Margaret Fulton (Administrator)

With just 13.5 percent of the countywide ballots left to count, Councilmember Lana Negrete will hold on to the seat she was appointed to fill less than a year-and-a-half ago.

Negrete, Measures GS, SMC Expand Vote Margins

11/17/2022 11:33 AM | Margaret Fulton (Administrator)

The latest update from the LA County Registrar on Wednesday -- which included an additional 105,160 ballots -- further widened Negrete's lead over Natalya Zernitskaya in the race for the third open Council seat.

San Francisco Vacant Residential Unit Tax Proposition Passes

11/16/2022 12:01 PM | Margaret Fulton (Administrator)

Introduced earlier this year by the Democratic Socialists of America and Faith in Action Bay Area, Proposition M, also known as the Empty Homes Tax, will tax property owners who have at least three units that have been vacant for more than six months. The tax amount is dependent on unit size but will be between $2,500 and $5,000 per empty unit for the first two years of vacancy, with up to $10,000 for any at three or more years. The tax will begin starting in January 2024

Leaders in Competitive Races Hold On

11/16/2022 9:02 AM | Margaret Fulton (Administrator)

Leaders in the three Santa Monica races that remain to be decided inched further ahead after 284,084 votes were counted since Saturday.

Police reform back in the spotlight

11/15/2022 8:33 AM | Margaret Fulton (Administrator)

The reports focus on implementation and status of the May 2021 after-action report on the events of May 31, 2020 — the protests and simultaneous looting of downtown. The report, compiled by police oversight specialists OIR Group, included 44 recommendations, of which 29 had been completed as of September, according to the latest report; the remaining 15 were underway.

A 26-page report included in the staff report for the Tuesday council meeting lists the status of each recommendation.

Santa Monica Real Estate Report – November 14th, 2022

11/15/2022 8:21 AM | Margaret Fulton (Administrator)

* City Approves Second Pedestrian-Only Promenade Like Space in Downtown
* England’s New Prime Minister Owns A $7.2M Dollar Santa Monica

See More: https://smmirror.com/2022/11/city-approves-second-pedestrian-only-promenade-like-space-in-downtown-santa-monica-real-estate-report-november-14th-2022/

Three Santa Monica Races Remain Close

11/15/2022 8:18 AM | Margaret Fulton (Administrator)

In one of the close races, Councilmember Lana Negrete has been slowly expanding her lead over Natalya Zarnitskaya for the final spot in the race for three Council seats.

Neighborhood Groups Push Back on 'Gag Order'

11/15/2022 8:16 AM | Margaret Fulton (Administrator)

"Threatening to take away Neighborhood Associations' modest City funding and recognition, even if groups are in compliance with current non-profit organization regulations, would unnecessarily stifle public discourse," the NOMA Board wrote.