If California Forever Can’t Build Its New Bay Area City, There’s Plan B
California Forever’s ambitious proposal to create a new, walkable city in Solano County faces significant opposition and poor polling numbers. While CEO Jan Sramek remains optimistic about the November...
Co-Living’s Uncertain Future Underscored by Common Living’s Bankruptcy
The allure of co-living, a housing model promising affordable, furnished rooms and communal amenities, seemed tailor-made for Gen Z and millennials struggling with skyrocketing rents. Common Living, a pioneer...
Billionaire-Backed City Plan Qualifies for November Ballot in Solano County
A groundbreaking initiative is making waves in Solano County. The campaign, spearheaded by a billionaire-backed developer known as California Forever, has successfully gathered enough valid signatures to place its...
Oakland’s Downtown Apartment Rents Plunge
The once-thriving rental market in downtown Oakland is experiencing a dramatic shift, with prices plummeting in recent years. The pandemic-induced rise of remote work has significantly reduced the demand...
Blackstone and Starwood Face Investor Exodus as Real Estate Market Wavers
Blackstone, the world's largest commercial landlord, is projecting a rebound in the real estate market, but investor confidence remains shaky. This uncertainty is evident in the recent withdrawal patterns...
ABC7 Report: Berkeley May Soon Allow Sales of Backyard Cottages, ADUs
In the heart of Berkeley, where the average home price hovers around a daunting $1.5 million, a glimmer of hope is emerging for aspiring homeowners. The City Council's recent...
California Forever Showcases Twelve Companies Ready to Bring Jobs to Solano County if Voters...
In a move that promises to reshape Solano County's economic landscape, the California Forever team has crated the East Solano Plan with a bold initiative aimed at creating 15,000...
U.S. Economy Faces Slower Growth Amid Persistent Inflation and Tight Monetary Policy
By John Beuerlein, Chief Economist at the Pohlad Companies
The U.S. economy continues to move forward, albeit at a slower pace, with a labor market that is cooling as supply and demand...
Vacasa Cuts Deep: 40% of Corporate Staff Laid Off in Restructuring Since 2023
Vacasa, a Portland-based vacation rental management company, announced its third mass layoff since early 2023 on May 9th, 2024. The company will cut 800 jobs, representing 13 percent of...
Mortgage Rates Decrease for the First Time Since March
MCLEAN, Va., May 09, 2024 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.09 percent.
“After a five week...
