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Bridge Lenders Evolve In Face Of Rent Control, Downturn Speculation
News

Bridge Lenders Evolve In Face Of Rent Control, Downturn Speculation

... forces — fear of an economic recession and the rise of rent control legislation — and bridge lenders are caught in the middle. Since ... make up for deals that have gone away thanks to rent control measures,” Ramin said.  Bridge lenders may have to gird ...

Jan 23, 2020
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Construction Worker
News

Repeal Of Rent Control Limits To Have Chilling Effect On Housing, Construction

... Costa-Hawkins Act prevents cities from expanding rent control laws, prohibits rent control on newly constructed apartments built after 1995 ... Monica and Berkeley, adopted some form of rent control ordinance before Costa-Hawkins went into effect. Repealing ...

Sep 06, 2018
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Californians Vote Down Rent Control Expansion
News

Californians Vote Down Rent Control Expansion

... with nearly half of Californians against the expansion of rent control. Tuesday’s election results verified these polls. “The ... them at the expense of the housing supply, which rent control expansions would have impacted, Regan said. Discretionary rules ...

Nov 07, 2018
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Cap Rates Are Already Rising In Markets With New Rent Control Laws
News

Cap Rates Are Already Rising In Markets With New Rent Control Laws

... “Investors and lenders are repricing assets in markets where rent control exists or is being introduced,” Costello wrote in the ... certainty, but within a week of Oregon passing statewide rent control legislation, advocates started pushing for a tighter cap," ...

Sep 15, 2019
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Philadelphia Is Experiencing An Influx Of New York Investors Fleeing Rent Control
News

New York Investors Fleeing Rent Control Descend On Philly's Multifamily Market

... new-to-market investors driven out of New York by rent control laws, Reiter and Rittenhouse Realty Advisors Managing Partner Ken ... You look at how California was next to follow [with rent control], so it definitely makes sense that investors would be more ...

Oct 10, 2019
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Illinois rep. Will Guzzardi (D - Chicago)
News

A Look At The Calls For And Against Repealing Illinois' Rent Control Ban

... tool to support rent-burdened households. The Illinois Rent Control Preemption Act of 1997 that forbade rent control in the ...  testified before an Illinois Senate subcommittee that rent control in many cases increases regulations while reducing supply ...

Jun 27, 2018
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Berkadia Managing Director Jeff Rowerdink, TruAmerica CEO Bob Hart, Essex Property Trust Chief Investment Officer John Eudy and Equity Residential Executive Vice President Barry S. Altshuler.
News

Possible Repeal Of Rent Control Limitations Not Just A California Issue, It’s A National Issue

... in California and Illinois are exploring repealing their rent control laws. Community activists in Denver, Minneapolis and ... Hawkins Rental Housing Act prohibits cities from enacting rent control on single-family homes, condominiums and apartments built ...

Jul 19, 2018
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Pillow's Co-Founder and CEO Sean Conway
News

One Possible Way To Resolve Rent Control Debate — Allowing Short-Term Rentals

... of Costa-Hawkins, California's law that limits rent control? Pillow co-founder and CEO Sean Conway believes ... Costa-Hawkins Rental Housing Act limits local rent-control ordinances and prohibits rent control on newly constructed apartments built after 1995 ...

Jun 14, 2018
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For Rent sign
News

Report: Poll Finds Nearly Half Of Voters Oppose Prop. 10 Expanding Rent Control

... election a month away, the statewide survey on the rent control issue comes against the backdrop of a housing crisis, ... Costa-Hawkins Rental Housing Act limits cities from enacting rent control on single-family homes, condominiums and apartments built after ...

Oct 01, 2018
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Protestors gathered in front of Blackstone Group's office in Santa Monica in support of a ballot initiative that would repeal Costa Hawkins Rental Housing Act.
News

Expect More Protests, Rallies As Tenant Groups Push To Repeal Restrictions On Rent Control

... enacted in 1995, the law limits local rent control ordinances, prohibits rent control on newly constructed apartments built after 1995 and ... dozen cities across the state have some form of rent control ordinance, including Beverly Hills, Los Angeles, West Los ...

Jun 07, 2018
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