Friday’s Briefing: Overbidding Rampant in Oakland Housing Market; Trumpcare One Vote from Defeat
Plus, a developer proposes a 197-unit housing project at San Leandro BART.
Stories you shouldn’t miss for July 14, 2017:
1. Overbidding is rampant in the Oakland metro housing market, with 69.8 percent of homes selling above the asking price in June—the third highest in the nation, reports Richard Scheinin of the Mercury News$, citing a new analysis by Redfin. Oakland’s median sale price reached $719,500, up 9.8 percent over the previous year. San Jose was the fiercest housing market in the country, with 73.7 percent of homes selling above asking price, followed by San Francisco’s 70.6 percent.
2. The latest version of Trumpcare, released on Thursday by GOP Senate leaders, is only one vote shy of defeat, because two Republican Senators: Susan Collins of Maine, a moderate, and Rand Paul of Kentucky, a conservative, said they will not vote for the plan, The New York Times$ reports. If one more GOP senator defects, then Trumpcare will not have enough votes to pass the Senate.
3. A developer is proposing to build a 197-unit housing project next to the San Leandro BART station—a move that dovetails with BART’s desire for more transit-oriented housing development near its stations, reports Roland Li of the San Francisco Business Times$. Westlake Urban hopes to break ground on the seven-story project in spring. In all, BART has 200 acres of property near transit stations that could be used for housing.
4. Alameda County Superior Court presiding Judge Morris Jacobson blamed his decision to move all criminal arraignments to Dublin on the city of Oakland’s decision to close its city jail in a cost-cutting move in 2005, reports Darwin BondGraham of the East Bay Express. But county Sheriff Greg Ahern disputed the judge’s assertion, noting that the sheriff’s department has had no trouble transporting inmates to and from Oakland since the 2005 closure. Jacobson’s decision to move all arraignments to Dublin has engendered widespread criticism because it would be a hardship on Oakland families.
5. Ex-Oakland Mayor Jean Quan and her husband, Dr. Floyd Huen, won approval to open a medical cannabis dispensary in San Francisco’s Sunset district, reports David DeBolt of the East Bay Times$. The San Francisco Planning Commission voted 5-1 to greenlight the venture, which will be the first bilingual English-Cantonese dispensary in the region.
6. And ex-Oakland Mayor Ron Dellums is now caught up in the Trump-Russia scandal with the disclosure that he has lobbyist ties to Natalia Veselnitskaya, the Russian attorney who met last summer with Donald Trump Jr. to discuss her country’s efforts to help his father get elected president, reports Steven Tavares of the East Bay Citizen, citing other published reports.
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Published online July 14, 2017 10:52 AM