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Gov. Gavin Newsom (Getty, iStock) Gov. Gavin Newsom wants to spend $12 billion over the next two years to address one of the biggest crises facing California: Homelessness. About $8.7 billion would go toward building 46,000 homes and expanding Project Homekey, the state’s program to buy and convert hotels and other buildings into residential housing, according to the Los Angeles Daily News. Newsom, who is facing a recall election, announced the plan Tuesday, detailing a wider $100 billion economic recovery package. It would be paid for with $76 billion in surplus funds for the new fiscal ye...

Stuart Elliott Compass brokers vomiting over clauses in their contract. The “Barney” theme song being used to torture homeless people. A SPAC-backed company being valued at 86 times its revenue. This month’s magazine shows there is a lot more going on than coronavirus and presidential politics. Our cover story looks at Compass, which has quickly become the nation’s third-largest brokerage and is about to go public. The company has touted agent retention as a key part of its rise, but less noticed are the onerous clawbacks in its contracts — where brokers have to pay back bonuses and...

Share via Shortlink A homeless rights group demanded the developer stop playing music on a stretch of Ante Perkov Way to deter people from setting up shelter nearby. (Jerico Development, Getty)   UPDATED, 2:12 p.m., Feb. 11, 2021: “I love you, you love me, we’re a happy family!” For hundreds of hours in late January and early February, that “Barney & Friends” theme song blasted in an endless loop across a secluded stretch of San Pedro, aimed directly at an encampment of homeless people. The source was a former banquet hall turned “multi-use filming space,” owned by Jeri...

Neighborhood Council Presses for Documentation on West Harbor Project Details RANDOM LENGTHS REPORT-On Dec. 21, 2020, the Coastal San Pedro Neighborhood Council voted 12-0 to request that the West Harbor project include the council in the planning process of the project, which means sharing environmental impact reports and Coastal Development Permits. Formerly the site of Ports O’Call, the new project will have restaurants and live entertainment, and is scheduled to begin construction in mid-2021. It is being developed by Jerico Development and Ratkovich Co., whi...