November Sunny Spot Newsletter: AirBnb, Affordable Housing and BIke Share and Upcoming Events
Airbnb, Realtor.com team up to let you try before you buy
Airbnb is encouraging home-ownership. The online home rental company has teamed up with Realtor.com, a real estate listings site, to give prospective home buyers a chance to test drive desired locations.
Visitors to Realtor.com will be able to sort through the single-family homes, condos, lofts and other properties on Airbnb to book a stay in a neighborhood they are considering buying into.
The new feature will work like this: Consumers visiting realtor.com will get a chance to select an "Airbnb before buying" option. The tab will appear on the home page and pages for each listing.
L.A. County supervisors vote to build $100-million affordable housing fund
To address growing homelessness in the region, Los Angeles County supervisors voted unanimously Tuesday to gradually set aside up to $100 million a year to construct and maintain affordable housing.
The move was hailed by business leaders, anti-poverty advocates and nonprofit housing developers, but the price tag drew concerns from some about whether the county can afford it.
Supervisors Sheila Kuehl and Mark Ridley-Thomas proposed creating the housing fund, which will start with $20 million next year. The county's annual contribution will grow over the next five years until it reaches $100 million.google.
Metro gets federal grant for 'Rail-to-River' South LA bike, pedestrian path
A plan to convert an old freight rail line in South Los Angeles into a pedestrian and bike pathway got a boost this week with a $15 million grant from the federal government.
The U.S. Department of Transportation awarded the grant as part of the Transportation Investment Generating Economic Recovery program, or TIGER, which funds transportation projects around the country. L.A.'s was one of 39 projects funded from a pool of $500 million.
The South L.A. Rail to Rail project will be a 6.4-mile path starting in Inglewood and running west along Slauson Avenue. The pathway will connect three major transit lines: the LAX/Crenshaw light rail now under construction, the Silver Line bus service and the Blue Line light rail.
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Santa Monica Announces Date for Full Breeze Bike Share Launch
Santa Monica has officially announced November 12 as the day for Breeze Bike Share’s full roll out, which will make it the first public bike-share system in Los Angeles County.
The full roll out on November 12 will include music, food, and a bike parade down Main Street to celebrate it, according to city officials. The event will also signify that all 500 bikes and 79 hubs will be up and operational throughout Santa Monica and part of Venice. As part of the announcement, the city and CycleHop, the company that runs the Breeze Bike Share system, released a map of the bike hubs click to download large version):
Metro: 12 local communities before and after transit
Metro this year is celebrating the 25th anniversary of Metro Rail, which began in 1990 with the opening of the Blue Line between Los Angeles and Long Beach. It’s fair to say Los Angeles has come a long way since and some neighborhoods near Metro stations have changed considerably. The maps via the link below help show the places where that is happening.
The maps were produced using Google Earth (via Landsat) historic satellite imagery from 1989 and 1994 and in the present day. As you will soon see, we selected neighborhoods changes easiest to see on a satellite photo. Some of these projects were a product of Metro’s joint development program and others through private developers. The maps and highlighted projects below are not all inclusive — the yellow shows the most obvious changes.
Hollywood and Highland (1989 vs 2015):
Tech money causes waves on Silicon Beach
The Financial Times checks in on the continued rise of Los Angeles' Silicon Beach, and the pressures it is putting on the coast real estate market: The expansion of the tech scene and increase of foreign investment in Southern California real estate have exacerbated a series of price rises that is transforming life here. Surging costs are expelling middle and lower-income families from the California coast, which is beginning to resemble the kinds of areas dominated by global elites in New York, London, and San Francisco.
In the past three years, an enlarged “Silicon Beach” has brought tech money, courted by LA politicians, into previously low-key beach communities such as Venice. Los Angeles County more broadly has seen an increase in high-end foreign investment. The resulting crunch for renters has been especially painful because California lags behind cities elsewhere in the country in housing construction.
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DTLA Fall Films
Oct 22 - Nov 12, 2015
Cal Plaza, FREE
Inglewood Art Walk
Nov 14-15, 2015
12-5pm Sat, Sun
Great Walk LA
Nov 21, 2015
Begins at Clifton's Caf.