The Newport Beach-based homebuilder entered into an agreement with Freedom Communications Inc. to buy a stretch of land along Grand Avenue in Santa Ana for a housing development.
Terms of the deal have not been disclosed, but real estate sources peg the likely purchase price in the $40 million range.
That price would appear to make it the largest asset sale-real estate or otherwise-for Freedom Communications since Chief Executive Aaron Kushner’s 2100 Trust LLC took over operation of the media company in 2012.
The company’s new owners have been looking to lighten their debt load since that deal, while at the same time embarking on an ambitious growth plan across several Southern California media markets.
Freedom Communications owns the Orange County Register and other publications, including the Press-Enterprise, which it acquired for $27.2 million last year and the recently launched Los Angeles Register.
The Santa Ana land that is expected to trade hands appears to be Read more…
Santa Ana Planning Commission Approval Of Affordable-Housing Units Near Santa Ana Train Depot Irks Neighbors
From the Orange County Register – It will now be up to the Santa Ana City Council to approve an all-affordable-housing development in the Station District that the Planning Commission endorsed May 12 amid outcry from nearby residents who said the project would bring down their property values.
The 70-unit project, known as the Depot at Santiago, drew criticism at the Planning Commission meeting from residents of the Santiago Street Lofts who said that low-income housing would not be suitable in an area that they described as the gateway to the city.
The housing portion of the development will include one-, two- and three-bedroom units with monthly rents ranging from $481 to $1,364. The project also includes commercial and nonresidential space that will be allotted for The Wooden Floor, a local nonprofit that assists underserved youth.
The project, approved in a 5-2 vote, is planned for an approximately 2-acre site at the northeast corner of Santa Ana Boulevard and Santiago Street, near the lofts and the Santa Ana Regional Transportation Center. Commissioners Phil Bacerra and Bruce Bauer voted against it.
Bacerra said that although he favors low-income models, he did not agree with the project being 100 percent affordable. “I think it’s important to have the mixture of incomes, the mixture of experiences,” he said.
City spokeswoman Tanya Lyon said Read more…
City of Lancaster – California Energy Commission (CEC) has approved the City of Lancaster’s locally adopted energy standards which will require single family residential units built within Lancaster on or after January 1, 2014 to provide an average of 1 kilowatt (kW) of solar-generated electricity per housing unit. Having now been given the authority to enforce the ordinance, Lancaster is the first city in the nation to make residential solar mandatory. The new ordinance, adopted by the Lancaster City Council on March 26, 2013, was approved by the CEC on December 11, 2013.
“We continue to aggressively pursue net-zero status, and this approval by the CEC proves we are indeed on the right path,” said Lancaster Mayor R. Rex Parris. “We are strongly committed to reducing our carbon footprint, while advancing green energy alternatives to traditional power resources. Requiring solar power assets for new residential construction in the coming years will bring Lancaster one huge step closer to becoming the Alternative Energy Capital of the World, while providing new homeowners with earth-friendly and cost-effective benefits.”
Lancaster’s Residential Zoning Ordinance was comprehensively revised to require new home builders to Read more…
From the Los Angeles Times – California cities and counties eager to encourage community gardens and small-scale farms in urban pockets have a novel tool at their disposal. Legislation recently signed by Gov. Jerry Brown will allow municipalities to lower the assessed value — and property taxes — on plots of three acres or less if owners pledge to dedicate them to growing food for at least five years.
The legislation authored by Assemblyman Phil Ting (D-San Francisco) arose from this city’s rich blend of urban ag interests: community gardens with long waiting lists, nonprofits that offer hands-on nutritional education, and small enterprises like Galloway’s that took root when officials here changed zoning laws.
The program is voluntary: Interested cities can now move forward to create “urban agriculture incentive zones.” County supervisors must then sign off. (Counties can also directly create their own zones.)
It passed the Senate unanimously and garnered just six no votes in the Assembly.
Ting, a former San Francisco assessor, described it as “a subsidy with a very limited fiscal impact. We’re trying to drive better land use for people who might have a parking lot or an empty lot they’re waiting to develop.”
For years, Ting had backed cutting-edge San Francisco policies that helped transform eyesore parcels, raising property values on entire blocks. The idea spread.
“We started to see a movement in cities all over California that have really decided they want to be growing their food,” he said. “They want to have access to agricultural space.”
The concept for the zones is a hybrid of Read more…
From the Los Angeles Times – Los Angeles Mayor Eric Garcetti’s goal is to develop a finely tuned data system that will track key measures of performance for every city agency — how many miles of streets get repaired, how long it takes to pick up bulky items of trash. Starting around Oct. 8, the 100th day of his administration, aides say, results will be posted on the Web. What measures Garcetti will roll out remains to be seen, but the concept would be to allow residents to check such things as whether 911 response times in their neighborhoods are improving or how long it takes to clean up graffiti.
The objective, Garcetti says, is a higher quality of life for the city’s 3.8 million residents. Managers who embrace the new ethos of efficiency and accountability will stay, he says. The others will go.
Other cities, including Minneapolis and Boston, have set up performance measuring Web pages that Garcetti’s team views as models for Los Angeles. The Minneapolis site shows violent crime rising from 2001 to 2006, then declining steadily. Boston’s site reports a slowdown in streetlight repairs over the last 18 months.
The L.A. project is integral to Read more…
From the San Diego Union-Tribune – Bill Fulton, a nationally recognized urban planner, was named Tuesday as San Diego’s 11th planning director, a position Mayor Bob Filner is bringing back in his first departmental appointment and reorganization since taking office last year.
He pledged to make San Diego “the most prosperous and sustainable and equitable city in the world.”
In his new post, starting July 8, Fulton will oversee a newly created department, tentatively called Read more…
From EGP News – Los Angeles city blocks zoned for both residential and commercial uses have lower crime rates than nearby blocks pegged for commercial purposes, according to a study released recently by a Santa Monica- based think tank.
The RAND Corp. study, which examined city blocks in Boyle Heights, Highland Park, Hollywood, San Pedro, South Los Angeles, Southeast Los Angeles, West Adams and Westlake, found that crime was lowest in blocks zoned for residential-only uses, even in relatively high crime neighborhoods of Los Angeles.
“At least in the case of a city like Los Angeles, zoning matters – an important fraction of reported crime is associated with Read more…