Thursday’s Daily Briefing: Oakland Housing Market Remains Red Hot; Alameda May Sever Ties with Wells Fargo Over DAPL
Plus, a judge denies landlords’ request to put Richmond rent control law on hold.
Stories you shouldn’t miss on Feb. 16, 2017:
1. The real estate market in Oakland and Berkeley remains red hot, even as San Francisco’s cools down, reports Mark Calvey of the San Francisco Business Times$. According to the San Francisco-based Paragon Real Estate Group, the median home price in Oakland has soared by 182 percent since 2011. Earlier this month, Zillow reported that the Bay Area’s five hottest neighborhoods are all in Oakland.
2. The Alameda City Council is scheduled to examine a proposal next week on whether the city should sever ties with Wells Fargo over the bank’s involvement with the controversial Dakota Access Pipeline, reports Peter Hegarty of the East Bay Times$. Wells Fargo has also come under fire for defrauding its customers. The city has about $36 million deposited in Wells Fargo.
3. A statewide landlords’ group lost its bid to put Richmond’s new rent control on hold, reports Karina Ioffee of the East Bay Times$. The California Apartment Association sued to block the law, claiming it’s unconstitutional, and had asked Contra Costa County Judge Judith Craddick to put the law on hold while the lawsuit wends its way through the courts, but the judge refused.
4. Another massive storm is expected to slam the damaged Oroville dam this weekend, possibly bringing up to 10 inches of rain to the area, the Los Angeles Times$ reports. Water managers are hoping that they can drain the reservoir to a point where the new big storm won’t cause the lake to overflow again and prompt another evacuation of the area.
5. The Berkeley City Council voted to move forward on a plan to build micro-homes for homeless people, reports Tom Lochner of the East Bay Times$. The tiny, stackable, modular units would be built on city property.
6. Federal immigration officials strongly denied rumors that they’ve been putting up checkpoints around the country in order to capture undocumented immigrants, reports Jason Green of the Bay Area News Group$. In addition, immigrants throughout the country have gone on strike today to protest the Trump administration’s policies.
7. In a rant-filled press conference today, Trump revealed that his administration has rescinded its controversial ban on travel from seven Muslim-majority countries and plans to issue a new order that complies with court rulings next week.
8. And this winter’s heavy storms have caused at least $400 million in damage to California’s roads and highways, the LA Times$ reports.
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Published Feb. 16, 2017 at 11:54 a.m.