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Big real estate players grab two old South Bay apartment complexes

Published Fri, 15 Nov 2024 04:46:40 GMT

Vista Pointe Apartments, a 68-unit residential complex at 3455 Homestead Road in Santa Clara. (Google Maps)SANTA CLARA — Two six-decade-old apartment complexes in Santa Clara with a combined total of hundreds of apartments have been grabbed by big-time Bay Area real estate players.Normandy Park Apartments and Vista Point Apartments were bought on the same day for a combined $75.6 million, according to documents filed on May 23 with the Santa Clara County Recorder’s Office.Sobrato Family Foundation, acting through an affiliate, paid $49.5 million for the 140-room Normandy Park Apartments at 48 and 50 Washington Street in Santa Clara, the county property files show. The Sobrato firm is one of Silicon Valley’s iconic real estate companies.The deal shows that investors continue to hunger for apartment buildings as investments, even with the economic uncertainties that arose out of the coronavirus outbreak.Related ArticlesHousing | Big San Jose housing d...

Manjoo: AI photoshopping is about to get very easy. Maybe too easy

Published Fri, 15 Nov 2024 04:46:40 GMT

Photoshop is the granddaddy of image-editing apps, the O.G. of our airbrushed, Facetuned media ecosystem and a product so enmeshed in the culture that it’s a verb, an adjective and a frequent lament of rappers. Photoshop is also widely used. More than 30 years since the first version was released, professional photographers, graphic designers and other visual artists the world over reach for the app to edit much of the imagery you see online, in print and on billboards, bus stops, posters, product packaging and anything else the light touches.So what does it mean that Photoshop is diving into generative artificial intelligence — that a just-released beta feature called Generative Fill will allow you to photorealistically render just about any imagery you ask of it? (Subject, of course, to terms of service.)Not just that, actually: So many AI image generators have been released over the past year or so that the idea of prompting a computer to create pictures already seems old hat. Wh...

Corporate landlord’s California buying spree alarms tenants: ‘I only earn enough to pay the rent’

Published Fri, 15 Nov 2024 04:46:40 GMT

BY ALEJANDRO LAZO AND WENDY FRY | CalMattersGladys Balcazar says she can barely afford food after paying rent to her new landlord, Blackstone Inc, one of the world’s largest private equity firms.Balcazar, a 60-year-old janitor, lives with her 27-year-old son in a two-bedroom apartment in Imperial Beach. She supports her son, who has a disability, on a salary of $2,800 a month.Blackstone bought her building and 65 others in San Diego County in 2021, becoming one of the region’s biggest landlords and alarming lawmakers, affordable housing advocates and Balcazar. In March Balcazar’s monthly rent rose $200 to $2,000.“All of this has really depressed me because I don’t see a way out,” she said in Spanish. “I only earn enough to pay the rent, and after that there is nothing left.”Adding to her stress were large swaths of dark mold outside her building, on walls and window ledges, climbing to a roofline. A building manager said she would be responsible for mold remediation in her unit if s...

Opinion: Mia Bonta bill attacks charter school construction funding

Published Fri, 15 Nov 2024 04:46:40 GMT

Fifteen thousand students, nearly one-third of all children in Oakland public schools, attend charter schools. While all children deserve safe and equitable education facilities, a bill introduced by Oakland’s assemblymember would make it more challenging for public charter schools to purchase and improve their schools.Assemblymember Mia Bonta’s legislation, AB 1604, makes it more expensive, and possibly prohibitive, for charter schools to finance new facilities or improvements to existing ones. The bill focuses on construction bond financing and how charter facilities are turned over if a school closes. But, at its heart, it’s a labor-backed bill that makes serving children, especially in communities such as East Oakland, harder.Under the current state-run system, charter schools borrow money through the bond market. Bonds for charter schools are issued at a higher rate of interest than a school district is afforded because the smaller size of charters presents greater bond risk to...

Community gathers to honor Banko Brown in San Francisco

Published Fri, 15 Nov 2024 04:46:40 GMT

SAN FRANCISCO (KRON) -- Funeral services for Banko Brown, the 24-year=old transgender Black man who was shot and killed by a Walgreens security guard after suspected of shoplifting, will begin at 10:30 a.m. Thursday at the Third Baptist Church in San Francisco. Organizers expect hundreds--if not thousands--of people from the community to attend potentially causing traffic issues.Brown and the security guard got into a confrontation inside the store, but Brown was outside the store when he was shot.San Francisco District Attorney Brooke Jenkins said that based on surveillance footage and witnesses, her office has decided not to prosecute the guard, 33-year-old Michael Earl-Wayne Anthony, which has many in the community outraged. Anthony was arrested by the San Francisco Police Department on suspicion of homicide immediately after the killing. Anthony was released from jail days later.Anthony told police he believed he was in imminent danger because Brown made a “sudden movement,” and...

Man dies after falling into ocean over sea wall; police investigation underway

Published Fri, 15 Nov 2024 04:46:40 GMT

Officers from the Miami Police Department are investigating an area after a man fell over a sea wall and lost his life.Just before 5 a.m. Thursday, City of Miami Fire Rescue units responded to a drowning after a man allegedly fell into the ocean.Upon arrival, officials said they found two men in the water. One was clinging to the other.According to rescue officials, a friend of the man who fell into the sea jumped in after him, he was treated on the scene and did not need to be transported. The other man was taken to Ryder Trauma Center in extremely critical condition but was later pronounced dead. An official at the scene said the men were out partying when they started playing around with each other and eventually started chasing each other.“One decided that he was going to jump into the water and maybe either he hurt himself or he didn’t know how to swim and that’s the male that was pronounced deceased once he got to the hospital,” said an officer. The vic...

Police arrest man in Hallandale Beach after fatal stabbing in Sunny Isles Beach leaves 1 dead

Published Fri, 15 Nov 2024 04:46:40 GMT

Police arrested a man in Hallandale Beach after officers responded to a fatal stabbing in Sunny Isles Beach that left one person dead, Wednesday night. According to officials, Sunny Isles Beach Police Department officers arrived at Plaza of the Americas around 6:30 p.m., where they found a mother and her son with multiple stab wounds.Fire rescue transported them to the hospital where the woman appeared to have suffered non-life-threatening injuries, while the man later died.The 30-year-old subject, a family member of the victims, fled in his vehicle but he was found by Hallandale Police officers moments later.Authorities responded to a 911 call after a man beat up his girlfriend following the aforementioned incident. The woman told police that the situation started in Sunny Isles Beach.When the two departments contacted one another, they determined the man that assaulted the woman was the same subject that stabbed the mother and son.Preliminary investigations determined the mother, ...

More Storms Today & Tomorrow

Published Fri, 15 Nov 2024 04:46:40 GMT

Low pressure over Florida is keeping the atmosphere ripe for rain today through Friday as deep tropical moisture continues to flow into the area. Therefore, looks for a few isolated morning showers followed by scattered showers and storms in the afternoon and evening. Models have been hinting that we could see widespread coverage of showers and storms Friday. By the weekend, it should be drier and brighter overall with a slot of dry air building in from the North. It won’t be totally dry, but it will be much nicer! A non-tropical area of low pressure is forecast to form along a front offshore the Southeastern United States coast during the next 48 hours has been giving a low chance by NHC to grow into something stronger. It is going to move slowly Northward and inland over the Carolinas this weekend. Regardless of development, gusty winds, dangerous surf and rip currents expected along portions of the Southeastern United States late this week and into the weekend. Have a wonde...

Qatargate suspect Eva Kaili freed from house arrest

Published Fri, 15 Nov 2024 04:46:40 GMT

BRUSSELS — Eva Kaili, one of the main suspects in a cash-for-influence corruption probe at the European Parliament, is no longer under house arrest.A spokesperson for the Belgian prosecutor’s office confirmed an earlier AFP report on this to POLITICO. “The investigation no longer requires her detention,” the prosecutor’s office said in a brief press release. Kaili’s lawyers, both in Belgium and Greece, didn’t reply to POLITICO’s request for comments. Kaili was one of the first to be detained last December, when the Belgian police launched raids in a sprawling investigation into whether foreign countries, including Qatar and Morocco, were bribing EU lawmakers. After her detention was prolonged a couple of times, she was moved from jail to house arrest with an electronic monitor in mid-April, pending trial. By being able to remove her electronic tag, Kaili is joining some of her fellow suspects — like Belgian MEP Marc Tarabella, who had this b...

3 years after Brexit, UK net migration has never been higher

Published Fri, 15 Nov 2024 04:46:40 GMT

LONDON — It’s official: net migration to the U.K. is at an all-time high.New figures published Thursday show migration added 606,000 people to the U.K.’s population in 2022 — the highest number on record.The data from the Office for National Statistics is likely to prompt fresh criticism of the governing Conservatives, who promised in their 2019 election manifesto to ensure “overall numbers come down” at a time when net migration stood at 226,000.The rise also comes three years after Britain left the EU touting more control over arrivals through a “points-based” system in place of the bloc’s free movement of people.Prime Minister Rishi Sunak told ITV Thursday: “Numbers are too high, it’s as simple as that and I want to bring them down.” Labour accused him of having “no grip on immigration.”There’s plenty of nuance in Thursday’s numbers. Jay Lindop, director of the Centre for International Migration at the ONS, said th...