Mountain View's rent- control program has already survived political and legal trials -- but what about the business test?
An increasing number of apartment owners appear to be cashing out rather than working under the new restrictions. If the trend continues, some say it will lead to a cascade of redevelopment spearheaded by large corporate buyers . This scenario would result in older apartments being phased out and replaced with new housing that is exempt from rent control.
Those looking at the data with a more critical eye point out that sales of apartment buildings are up throughout the South Bay, and that the number of buyers indicates a healthy interest in investing in Mountain View housing , regardless of rent control.
To take one example, Fremont residents Ann and Paul Lethers decided in June to sell their 18-unit complex on Del Medio Avenue in Mountain View, which they created from separate purchases of two adjacent nine-unit buildings. They say they h...
With major developments underway , Staten Island is slowly losing its nickname as the “forgotten borough.” While projects like the New York Wheel, Empire Outlets and the expansion of the former Stapleton homeport hope to revitalize the water-front borough with new residential and commercial space, Staten Island already offers visitors a ton of unique attractions to explore. Just take the free Staten Island Ferry to discover the miles of coastline and 12,300-acres of parkland in the city’s greenest and least populated borough. For the best spots in the borough, follow 6sqft’s list ahead of the 15 most unforgettable attractions on Staten Island . snug harbor cultural center , staten island attractions" width="1500" height="1000" /> Image via NYC & Company snug harbor cultural center , staten island attractions" width="1500" height="1000" /> New York Chinese Scholar ’s Garden via NYC & Company 1. Snug Harbor Cultural...
Two men suspected of brazenly breaking into cars early Friday evening led police on a chase through Petaluma, fleeing on foot after an officer rammed a patrol car into the suspect’s vehicle in an attempt to end the pursuit, police said. Around 5:20 p.m., police received reports that two men associated with a white Chrysler sedan were smashing a car window in the parking lot of the Petaluma Village Premium Outlets , according to a news release from the Petaluma Police Department . Within a few minutes, police located the Chrysler in the parking lot, though the driver immediately sped away from the 2200 Petaluma Blvd . North retail complex . The driver led police on a chase headed southbound on the heavily congested Petaluma Boulevard South , topping out at 60 mph, police said. Less than a mile later, the driver made a left onto Shasta Avenue, which is a dead end street . When the driver attempted to turn around and flee, an officer used the front of his patrol vehicle to push the...
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