Bay Area political events: Affordable housing, reproductive right

Upcoming political events in the Bay Area.

MONDAY

Paying for affordable housing: Fay Darmawi, who has been helping finance community development projects for over 20 years, talks with Bay City Beacon writer Mike Ege about how affordable housing projects can be funded. $5. 6 p.m., SF LGBT Center, 1800 Market St., San Francisco. More information is here.

TUESDAY

Reproductive rights: Panel of experts and activists discusses legal state of reproductive rights around the country. Sponsored by United Democratic Club. Free. 5:30 p.m., Manny’s, 3092 16th St., San Francisco. More information is here.

WEDNESDAY

Covering refugee crises: How politics complicates journalists’ job of covering migrant refugee crises. A discussion with Giovanna Dell’Orto, associate professor at the University of Minnesota’s Hubbard School of Journalism and Mass Communication and affiliated faculty at the Center for German and European Studies and department of political science. $20 for non-World Affairs Council members, $7 for students. 6:30 p.m., 312 Sutter St., Suite 200, San Francisco. More information is here.

Religious liberty: Judge Kyle Duncan of the U.S. Fifth Circuit Court of Appeals discusses the intersection of religious liberty and the administrative state. Sponsored by the Bay Area Federalist Society. $10 for nonmembers. 6:30 p.m., Gibson, Dunn Crutcher, 555 Mission St., Suite 3000, San Francisco. More information is here.

THURSDAY

Valerie Jarrett: Former adviser to President Barack Obama discusses her book “Finding My Voice: My Journey to the West Wing and the Path Forward,” in a Commonwealth Club event. $35 for nommembers, $10 for students. Noon, Marines Memorial Theater, 609 Sutter St., San Francisco. More information is here.

Women’s equality in California: Authors of “Paving the Way: Women’s Struggle for Political Equality in California” talk about their work. Free. 4 p.m., Institute of Governmental Studies library, 109 Moses Hall, UC Berkeley. More information is here.

Women at the Supreme Court: Panel discussion with women litigators who have made more than 50 appearances combined before the U.S. Supreme Court. Free. 6 p.m., UC Berkeley School of Law, Warren Room, 295 Simon Hall, 2745 Bancroft Way, Berkeley. More information is here.

FRIDAY

Trump-Russia hoax: A socialist analysis of the Mueller report and the need to build a movement for social justice. $3-$10. 7 p.m., 2969 Mission St., San Francisco. More information is here.

SUNDAY

Eric Swalwell: East Bay Democratic congressman holds a constituent catch-up meeting. 2 p.m., Dublin High School, 8151 Village Pkwy., Dublin.

APRIL 16

Young women in politics: Political and Proud CA celebrates young women who are leaders in the greater Alameda community. Discussion panels on Effective Organizing and Leadership, moderated “Rad Women” series author Kate Schatz, and on Young Women Paving the Way in Male-Dominated Fields, moderated by Alameda school board President Mia Bonta. Free, registration encouraged. 6:30 p.m., Encinal Junior and Senior High School Student Center, 210 Central Ave., Alameda. More information is here.

Tech’s effect on S.F.: “Silicon City” author Cary McClelland and journalist Kim-Mai Cutler in a conversation about the changes the digital economy has brought to San Francisco. $15. 6 p.m., Manny’s, 3092 16th St., San Francisco. More information is here.

“Charm City”: Screening of a documentary about violence in Baltimore and how a group of police, citizens, community leaders and government officials tried to combat it. Followed by a roundtable discussion. Free. 6:30 p.m., Grand Lake Theater, 3200 Grand Ave., Oakland. More information is here.

APRIL 17

Sean Spicer: Former press secretary for President Trump talks about media bias and the threat it poses to the U.S. Sponsored by Berkeley College Republicans. Free. 7 p.m., Evans Hall, UC Berkeley. More information is here.

William Burns: Former deputy secretary of state and former ambassador to Russia in conversation at the Commonwealth Club with ex-Rep. Ellen Tauscher. $25 for members, $10 for students. 6:30 p.m., 110 Embarcadero, San Francisco. More information is here.

New citizen voting: Democracy Action volunteers will register new citizens to vote following swearing-in ceremonies. Two sessions, at 10 a.m. and 2 p.m. Paramount Theatre, 2025 Broadway, Oakland. More information is here.

Russia’s re-emergence: A discussion about Russia’s re-emergence as a global power, with Angela Stent, director of the Center for Eurasian, Russian and East European Studies at Georgetown University. $20 for nonmembers of the World Affairs Council, $7 for students. 6:30 p.m. World Affairs Council, 312 Sutter St., Suite 200, San Francisco. More information is here.

APRIL 18

Lawrence Lessig: Harvard legal scholar gives a TED+Salon talk on the future of democracy. Comedian Will Durst opens. $32.50 and up. 7:30 p.m., Angelico Hall, Dominican University, 50 Acacia Ave., San Rafael. More information is here.

APRIL 19

Immigration issues: A discussion of immigration issues threatening vulnerable communities. Panelists include Catherine Tactaquin, executive director of the National Network for Immigrant and Refugee Rights; Martha Ockenfels-Martinez of Human Impact Partners; and Lara Kiswani, executive director of the Arab Resource and Organizing Center. Free. 6:30 p.m., Oakland Asian Cultural Center, 388 Ninth St., Suite 290. More information is here.

APRIL 22

S.F. environment: Debbie Raphael, director of the San Francisco Department of the Environment, holds a QA. Free. 6:30 p.m., Manny’s, 3092 16th St., San Francisco. More information is here.

APRIL 23

Conversation about race: Reps. Mark DeSaulnier, D-Concord, and Karen Bass, D-Los Angeles, appear at a town hall meeting about racial issues. 6:30 p.m., Diablo Valley College cafeteria, 321 Golf Club Road, Pleasant Hill. More information is here.

APRIL 24

Legal marijuana: Is legalization of recreational use of marijuana a good idea? Panelists talk about the controversies, risks, and challenges surrounding legalization. Free. Noon, online and at Golden Gate University, 536 Mission St., Room 2201, San Francisco. More information is here.

APRIL 25

Housing crisis: A discussion about the struggle to build enough affordable housing in California. Panelists include state Sen. Scott Wiener, D-San Francisco; Kate Hartley of the San Francisco Mayor’s Office of Housing and Community Development; Matt Schwarz of the California Housing Partnership; Ramon Kochavi of Marcus and Millichap Commercial Real Estate Investment; Chris Martin of Housing California; and Zack Olmstead of the California Department of Housing and Community Development. Free. 4 p.m., online and at Golden Gate University, 536 Mission St., Room 2201, San Francisco. More information is here.

Animal issues: State Sen. Nancy Skinner, D-Berkeley, speaks about humane issues to the East Bay Animal PAC. 5:30 p.m., Temescal Works, 490 43rd St., Oakland. RSVP and more information here.

Josh Harder/TJ Cox: Newly elected Central Valley Democratic House members hold a thank-you event with Bay Area campaign volunteers. Free, RSVP required. 6 p.m., Covo, 981 Mission St., San Francisco. More information and registration here.

Gun violence prevention: A community forum with Rep. Mike Thompson, D-St. Helena, and members of Congregation Shomrei Torah’s Social Action Committee. Free, RSVP encouraged. 7 p.m., 2600 Bennett Valley Road, Santa Rosa. More information is here.

Documentary shorts: A screening of five documentary shorts as part of the Appreciating Diversity film series. Screenings include two by Elizabeth Lo, “Mothers Day” and “Hotel 22,” and the Oscar-nominated “4.1 Miles.” Free. 7 p.m., 325 Highland Ave, Piedmont. More information is here.

U.S.-North Korea: Kathleen Stephens, U.S. ambassador to South Korea under former President Barack Obama, discusses U.S. policy toward North Korea. Free. 6 p.m., Room 121, J. Paul Leonard Library, San Francisco State University, 1630 Holloway Ave. at 19th Avenue. More information is here.

Max Blumenthal: Journalist and author of “The Management of Savagery” analyzes how extremist forces that threaten peace across the globe are the end products of U.S. inevitable imperial designs. Benefit for KPFA-FM. $12 advance, $15 at the door. 7:30 p.m., First Congregational Church, 2345 Channing Way, Berkeley. More information is here.

APRIL 25-27

Right-wing studies: UC Berkeley’s Center for Right-Wing Studies holds a three-day conference hosting scholars whose work deals with the right as a social, political andintellectual phenomenon from the 19th century to the present day. $25, $20 for students. Full agenda and more information are here.

APRIL 27

Conversation about race: Reps. Mark DeSaulnier, D-Concord, and Barbara Lee, D-Oakland, appear at a town hall meeting about racial issues. Noon, Black Repertory Group Theater, 3201 Adeline St., Berkeley. More information is here.

Earth Day: The annual environmental celebration and cleanup day is marked by several events around the Bay Area. A list is here.

MAY 1

Brett McGurk: Former U.S. special envoy in the campaign against ISIS under President Trump and former President Barack Obama talks about his experiences and the direction of American foreign policy. $30 for non-Commonwealth Club members, $10 for students. 6:30 p.m., 110 Embarcadero, San Francisco. More information is here.

MAY 7

Criminal justice: Emily Bazelon, author of “Charged: The New Movement to Transform American Prosecution and End Mass Incarceration,” discusses the power of prosecutors. $25 for non-Commonwealth Club members, $10 for students. 6:30 p.m., 110 Embarcadero, San Francisco. More information is here.

MAY 11

Green New Deal: A town hall on the congressional climate-change resolution, sponsored by the Sunrise Movement. Free. 6:30 p.m., Rinconada library, 1213 Newell Road, Palo Alto. More information is here.

Newsom chief of staff: Gov. Gavin Newsom’s chief of staff, Ann O’Leary, discusses her job and goals. $15. 7:30 p.m., Manny’s, 3092 16th St., San Francisco. More information is here.

MAY 15

New citizen voting: Democracy Action volunteers will register new citizens to vote following swearing-in ceremonies. Two sessions, at 10 a.m. and 2 p.m. Paramount Theatre, 2025 Broadway, Oakland. More information is here.

MAY 29

Food system equity: A conversation about access, affordability and equity in the food system. Speakers include Danielle Nierenberg of Food Tank, Chronicle food writer Justin Phillips, Tom Philpott of Mother Jones, Leigh Gaymon-Jones of the Castanea Fellowship and Chez Panisse founder Alice Waters. $25. 7 p.m., SFJAZZ, 201 Franklin St., San Francisco. More information is here.

To list an event, email Politics Editor Trapper Byrne at tbyrne@sfchronicle.com

Article source: https://www.sfchronicle.com/politics/article/Bay-Area-political-events-Climate-change-and-13750243.php

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M31 Capital Announces Launch of Morpheus 1 Opportunity Zone Fund to Invest in San Francisco Bay Area

SAN FRANCISCO–(BUSINESS WIRE)–Apr 8, 2019–M31 Capital, a leading real estate investment firm, today announced the launch by its affiliate Morpheus General Partner, LLC of its first Qualified Opportunity Zone fund. The Morpheus Qualified Opportunity Zone Fund 1 (“Morpheus 1”) will invest in designated Opportunity Zones in the greater San Francisco Bay Area.

Opportunity Zones were created by The Tax Cuts and Jobs Act of 2017. Opportunity Zones provide investors with significant tax advantages, while stimulating economic development in under-resourced communities. The tax advantages include deferring the payment of tax on an investor’s capital gains until 2026, getting up to a 15% discount on the tax on those capital gains at that time, and then no tax on the investor’s profit upon wind-up of the fund after 10 years.

The Morpheus 1 Fund will access and invest across a wide range of properties, including off-market multi-family housing, mixed-use properties, empty or neglected apartment buildings, unoccupied offices and vacant land located in Opportunity Zones designated by the Governor of California and the U.S. Department of the Treasury. The greater San Francisco area, known for its soaring real estate values, is home to 80 Opportunity Zones, encompassing a wide range of communities that have not benefited from economic growth elsewhere in the region.

“Qualified Opportunity Funds offer tremendous potential for investors who are seeking to realize the tax benefits of reinvesting their capital gains from other investments, while contributing to positive economic development in local communities that have been left behind,” said Taylor Lembi, CEO of M31 Capital. “Morpheus 1 will help address the severe residential housing shortage impacting the entire Bay Area by bringing more affordable living options for our city’s residents in underserved markets near job centers.”

Unlike funds that are investing in multiple cities, Morpheus will focus exclusively on the San Francisco regional market where M31 Capital has a strong network of vertically integrated companies that generate deal flow, minimize expenses and deliver value to its clients and partners across the real estate supply chain, according to Lembi.

“Our highly focused investment strategy allows us to be very selective about the investments we make. Larger funds may be forced to take an invest-at-all-costs approach, which can lead to compromised outcomes and less attractive returns,” said Lembi. “At M31 Capital, we focus exclusively on the Bay Area market, where we have decades of experience and a robust network of deep connections throughout the industry. We typically have $100 million in off-market deal flow at any given time, including a significant volume of properties located in Opportunity Zones.”

“The tax benefits conferred by Opportunity Zone funds present an incredibly attractive option for accredited investors who are seeking to build exposure to professionally-managed real estate as an asset class,” said Anthony Dagati, Managing Director, M31 Capital. “All of the investments made by Morpheus 1 will be economically sound without regard to the tax incentives provided to Qualified Opportunity Zone investors.”

M31 Capital has managed over $3 billion of real estate transactions since inception. The firm’s robust network of brokerage relationships will be made available to Morpheus 1 through the General Partner. This provides the Morpheus 1 Fund with an unparalleled advantage in sourcing excellent investment opportunities not available to newer market entrants seeking to invest in the Bay Area for the first time.

About M31 Capital

M31 Capital is a real estate investment firm that has acquired, managed, financed, and advised on more than $3 billion of real estate-related transactions across the San Francisco Bay Area of Northern California. M31 is comprised of five affiliated companies that provide a wide range of real estate services including property management, general contracting, utility management, property advisory, mortgage banking, automated rental marketing and tenant screening for landlords, leasing agents, and property management companies. For more information, please visit: www.m31cap.com and contact Morpheus General Partner, LLC (the sponsor of the offering of interests in the Morpheus I QOF program) at www.morpheus1.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190408005172/en/

CONTACT: Press contacts for Morpheus and M31 Capital:

Liam Collopy (SF)

Harden Communications Partners

510-635-4150

lcollopy@hardenpartners.comKelly Holman (NY)

Stanton

646-502-3509

kholman@stantonprm.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT FINANCE CONSTRUCTION PROPERTY COMMERCIAL BUILDING REAL ESTATE

SOURCE: M31 Capital

Copyright Business Wire 2019.

PUB: 04/08/2019 09:00 AM/DISC: 04/08/2019 09:00 AM

http://www.businesswire.com/news/home/20190408005172/en

Article source: https://www.oaoa.com/news/business/article_7ed1a712-67d2-562a-9671-fcaf8366f769.html

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Bay Area political events: Israeli elections, climate change and health

Upcoming political events in the Bay Area.

SUNDAY

Israeli elections: Professor Eran Kaplan, the Richard and Rhoda Goldman chair of Israel studies at San Francisco State University, discusses the upcoming Israeli elections. $15 advance, $20 at the door. 3 p.m., Congregation Beth Sholom, 301 14th Ave., San Francisco. More information is here.

MONDAY

Paying for affordable housing: Fay Darmawi, who has been helping finance community development projects for over 20 years, talks with Bay City Beacon writer Mike Ege about how affordable housing projects can be funded. $5. SF LGBT Center, 1800 Market St., San Francisco. More information is here.

Climate change and health: The health and social consequences of climate change and how new technologies can mitigate their effects. Panelists include Milana Boukhman Trounce, Stanford emergency medicine department and director of Stanford biosecurity and infectious disease disaster response; Kari Nadeau, professor of pediatrics at Stanford and director of the Sean Parker Center for Allergy and Asthma Research; aned Stephen Quake, professor of bioengineering and of applied physics at Stanford and co-president of the Chan Zuckerberg Biohub. Free. 4 p.m., Hauck Auditorium, David and Joan Traitel Building at the Hoover Institution, 435 Lasuen Mall, Stanford University. More information is here.

WEDNESDAY

Covering refugee crises: How politics complicates journalists’ job of covering migrant refugee crises. A discussion with Giovanna Dell’Orto, associate professor at the University of Minnesota’s Hubbard School of Journalism and Mass Communication and affiliated faculty at the Center for German and European Studies and department of political science. $20 for non-World Affairs Council members, $7 for students. 6:30 p.m., 312 Sutter St., Suite 200, San Francisco. More information is here.

THURSDAY

Valerie Jarrett: Former adviser to President Barack Obama discusses her book “Finding My Voice: My Journey to the West Wing and the Path Forward,” in a Commonwealth Club event. $35 for nommembers, $10 for students. Noon, Marines Memorial Theater, 609 Sutter St., San Francisco. More information is here.

Women’s equality in California: Authors of “Paving the Way: Women’s Struggle for Political Equality in California” talk about their work. Free. 4 p.m., Institute of Governmental Studies library, 109 Moses Hall, UC Berkeley. More information is here.

Women at the Supreme Court: Panel discussion with women litigators who have made more than 50 appearances combined before the U.S. Supreme Court. Free. 6 p.m., UC Berkeley School of Law, Warren Room, 295 Simon Hall, 2745 Bancroft Way, Berkeley. More information is here.

FRIDAY

Trump-Russia hoax: A socialist analysis of the Mueller report and the need to build a movement for social justice. $3-$10. 7 p.m., 2969 Mission St., San Francisco. More information is here.

APRIL 14

Eric Swalwell: East Bay Democratic congressman holds a constituent catch-up meeting. 2 p.m., Dublin High School, 8151 Village Pkwy., Dublin.

APRIL 16

Young women in politics: Political and Proud CA celebrates young women who are leaders in the greater Alameda community. Discussion panels on Effective Organizing and Leadership, moderated “Rad Women” series author Kate Schatz, and on Young Women Paving the Way in Male-Dominated Fields, moderated by Alameda school board President Mia Bonta. Free, registration encouraged. 6:30 p.m., Encinal Junior and Senior High School Student Center, 210 Central Ave., Alameda. More information is here.

Tech’s effect on S.F.: “Silicon City” author Cary McClelland and journalist Kim-Mai Cutler in a conversation about the changes the digital economy has brought to San Francisco. $15. 6 p.m., Manny’s, 3092 16th St., San Francisco. More information is here.

APRIL 17

Sean Spicer: Former press secretary for President Trump talks about media bias and the threat it poses to the U.S. Sponsored by Berkeley College Republicans. Free. 7 p.m., Evans Hall, UC Berkeley. More information is here.

William Burns: Former deputy secretary of state and former ambassador to Russia in conversation at the Commonwealth Club with ex-Rep. Ellen Tauscher. $25 for members, $10 for students. 6:30 p.m., 110 Embarcadero, San Francisco. More information is here.

New citizen voting: Democracy Action volunteers will register new citizens to vote following swearing-in ceremonies. Two sessions, at 10 a.m. and 2 p.m. Paramount Theatre, 2025 Broadway, Oakland. More information is here.

Russia’s re-emergence: A discussion about Russia’s re-emergence as a global power, with Angela Stent, director of the Center for Eurasian, Russian and East European Studies at Georgetown University. $20 for nonmembers of the World Affairs Council, $7 for students. 6:30 p.m. World Affairs Council, 312 Sutter St., Suite 200, San Francisco. More information is here.

APRIL 18

Lawrence Lessig: Harvard legal scholar gives a TED+Salon talk on the future of democracy. Comedian Will Durst opens. $32.50 and up. 7:30 p.m., Angelico Hall, Dominican University, 50 Acacia Ave., San Rafael. More information is here.

Journalism in peril: Roman Anin, a Russian journalist who was on the Panama Papers reporting team and is now at Stanford University as a Knight Fellow, discusses how autocrats try to discredit the news media. $6-$12. 6:30 p.m., Manny’s, 3092 16th St., San Francisco. More information is here.

APRIL 19

Immigration issues: A discussion of immigration issues threatening vulnerable communities. Panelists include Catherine Tactaquin, executive director of the National Network for Immigrant and Refugee Rights; Martha Ockenfels-Martinez of Human Impact Partners; and Lara Kiswani, executive director of the Arab Resource and Organizing Center. Free. 6:30 p.m., Oakland Asian Cultural Center, 388 Ninth St., Suite 290. More information is here.

APRIL 23

Conversation about race: Reps. Mark DeSaulnier, D-Concord, and Karen Bass, D-Los Angeles, appear at a town hall meeting about racial issues. 6:30 p.m., Diablo Valley College cafeteria, 321 Golf Club Road, Pleasant Hill. More information is here.

APRIL 24

Legal marijuana: Is legalization of recreational use of marijuana a good idea? Panelists talk about the controversies, risks, and challenges surrounding legalization. Free. Noon, online and at Golden Gate University, 536 Mission St., Room 2201, San Francisco. More information is here.

APRIL 25

Animal issues: State Sen. Nancy Skinner, D-Berkeley, speaks about humane issues to the East Bay Animal PAC. 5:30 p.m., Temescal Works, 490 43rd St., Oakland. RSVP and more information here.

Gun violence prevention: A community forum with Rep. Mike Thompson, D-St. Helena, and members of Congregation Shomrei Torah’s Social Action Committee. Free, RSVP encouraged. 7 p.m., 2600 Bennett Valley Road, Santa Rosa. More information is here.

Housing crisis: A discussion about the struggle to build enough affordable housing in California. Panelists include state Sen. Scott Wiener, D-San Francisco; Kate Hartley of the San Francisco Mayor’s Office of Housing and Community Development; Matt Schwarz of the California Housing Partnership; Ramon Kochavi of Marcus and Millichap Commercial Real Estate Investment; Chris Martin of Housing California; and Zack Olmstead of the California Department of Housing and Community Development. Free. 4 p.m., online and at Golden Gate University, 536 Mission St., Room 2201, San Francisco. More information is here.

Max Blumenthal: Journalist and author of “The Management of Savagery” analyzes how extremist forces that threaten peace across the globe are the end products of U.S. inevitable imperial designs. Benefit for KPFA-FM. $12 advance, $15 at the door. 7:30 p.m., First Congregational Church, 2345 Channing Way, Berkeley. More information is here.

Josh Harder/TJ Cox: Newly elected Central Valley Democratic House members hold a thank-you event with Bay Area campaign volunteers. Free, RSVP required. 6 p.m., Covo, 981 Mission St., San Francisco. More information and registration here.

APRIL 25-27

Right-wing studies: UC Berkeley’s Center for Right-Wing Studies holds a three-day conference hosting scholars whose work deals with the right as a social, political andintellectual phenomenon from the 19th century to the present day. $25, $20 for students. Full agenda and more information are here.

APRIL 27

Conversation about race: Reps. Mark DeSaulnier, D-Concord, and Barbara Lee, D-Oakland, appear at a town hall meeting about racial issues. Noon, Black Repertory Group Theater, 3201 Adeline St., Berkeley. More information is here.

MAY 1

Brett McGurk: Former U.S. special envoy in the campaign against ISIS under President Trump and former President Barack Obama talks about his experiences and the direction of American foreign policy. $30 for non-Commonwealth Club members, $10 for students. 6:30 p.m., 110 Embarcadero, San Francisco. More information is here.

MAY 11

Green New Deal: A town hall on the congressional climate-change resolution, sponsored by the Sunrise Movement. Free. 6:30 p.m., Rinconada library, 1213 Newell Road, Palo Alto. More information is here.

Newsom chief of staff: Gov. Gavin Newsom’s chief of staff, Ann O’Leary, discusses her job and goals. $15. 7:30 p.m., Manny’s, 3092 16th St., San Francisco. More information is here.

MAY 29

Food system equity: A conversation about access, affordability and equity in the food system. Speakers include Danielle Nierenberg of Food Tank, Chronicle food writer Justin Phillips, Tom Philpott of Mother Jones, Leigh Gaymon-Jones of the Castanea Fellowship and Chez Panisse founder Alice Waters. $25. 7 p.m., SFJAZZ, 201 Franklin St., San Francisco. More information is here.

To list an event, email Politics Editor Trapper Byrne at tbyrne@sfchronicle.com

Article source: https://www.sfchronicle.com/politics/article/Bay-Area-political-events-Brexit-Israel-in-1948-13744816.php

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San Francisco Bay Area homeowner taking flak for dinosaurs in front of ‘Flintstone House’

A San Francisco Bay Area town is suing the owner of the quirky Flintstone House, alleging she violated local codes when she put dinosaur sculptures in the backyard and made other landscaping changes that caused local officials to declare it a public nuisance.

The town of Hillsborough filed a complaint this week against Florence Fang, a media mogul who purchased the orange-and-purple, bulbous-shaped house in 2017.

“My grandmother hasn’t even seen the papers yet. She only learned this from the news today. I’m sure she will fight to save the Flintstone House though. Stay tuned,” Sean Fang, her son, said in a statement. “As a San Mateo County native, I think the dinosaurs are beautiful. They make everyone smile and should stay.”

NBC Bay Area pointed out that Fang is not being asked to change the structure of the house, only the dinosaurs and other items in the yard.

She began installing the large metal sculptures, a sign in the driveway that reads “Yabba Dabba Doo,” figurines of characters from “The Flintstones” animated sitcom, a staircase, a parking strip, a deck and other additions to the front and backyard.

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In October, a code enforcement panel found the changes created “a highly visible eyesore and are out of keeping with community standards.”

The complaint was filed after she failed to comply with the panel’s order to remove the features.

Article source: https://www.foxnews.com/real-estate/san-francisco-bay-area-homeowner-taking-flak-for-dinosaurs-in-front-of-flintstone-house

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Bay Area IPOs to add some fuel to hot housing market

The stream of newly minted, IPO payouts from Lyft — and soon, other tech unicorns — may have Bay Area home sellers dreaming of bigger payouts and buyers wary of even heftier mortgages.

But Bay Area real estate veterans and economists say the IPOs’ impact on home prices may be more subtle than expected.

The influx of cash to a few thousand investors and employees at a handful of companies will offer more fuel for the already blazing Bay Area housing market, experts say. And it could fire up confidence for buyers of high-end homes.

But based on the Bay Area’s past experience with big IPOs, the new cash will be only one of many factors contributing to the market’s steady momentum, economists say. The shortage of new housing, expansion of established companies and the overall economy also weigh heavily on home prices.

“We just don’t know yet,” said Ralph McLaughlin, economist at real estate data firm CoreLogic. “But there’s more of an argument that there’s an upside impact.”

Lyft raised $2.3 billion last week, among the biggest tech IPOs in U.S. history and placing a $20 billion market value on the ride-hailing company. But Lyft’s debut could soon be dwarfed by other expected public offerings in coming months. Uber alone has a reported valuation of $120 billion, and Airbnb could be valued at more than $30 billion. Pinterest and Slack are also expected to go public.

With new housing development historically slow in the region, prices have increased for a record seven straight years. Economists say the IPO jackpot  should push up prices even further in the most expensive Bay Area neighborhoods.

But that effect is likely to be muted — many of the financial gains from the IPOs are expected to land with investors and higher-salaried employees. This group generally has housing, and will not necessarily be competing to move up to pricier homes, economists say.

Employees also generally have to wait several months after an IPO before they can sell their shares, limiting the immediate impact on home sales.

The Bay Area has a long track record with big IPOs — Google in August, 2004; LinkedIn in May, 2011; Facebook in May, 2012; and Twitter in November, 2013. The big windfalls for employees caused little more than a ripple in home values around tech headquarters when compared to surrounding counties, according to an analysis by CoreLogic for this news organization.

The analysis showed that home values around these tech headquarters initially rose at roughly the same rate as the larger San Jose and San Francisco metro areas in the months following an IPO.  Home values in neighborhoods around Google in Mountain View only rose above the rest of Santa Clara County two-and-a-half years after the company’s public market debut, according to the CoreLogic analysis.

The neighborhoods around LinkedIn in Sunnyvale appreciated more slowly than other Santa Clara County communities in the year following the company’s public offering. But in the second year, home values in Sunnyvale neighborhoods rose 22 percent, slightly better than the 20 percent gains in the region.

Since Facebook raised $16 billion in the largest tech IPO by a U.S. company in history, home prices around the company’s Menlo Park campus have largely mirrored the increases throughout the Peninsula, according to CoreLogic.

And home values in the San Francisco neighborhoods closest to Twitter actually lagged behind increases in the rest of the city, as more popular neighborhoods drew tech employees, the analysis showed.

McLaughlin said many factors drive housing prices, and the overall growth of the Silicon Valley economy has a strong influence. For example, Facebook’s IPO and rising home prices in the region in early 2012 coincided with an overall growth in the economy.

Bay Area home prices have been rising, year-over-over, every month since April 2012, according to CoreLogic data. But so far this year, sales of homes over $2 million have lagged far behind the rest of the market.

McLaughlin expects a bump in the middle and high-end markets among new homeowners and a few employees trading up to bigger homes or more convenient neighborhoods. “What we’re not doing is building homes,” he said. “Lower income households get squeezed out.”

Steve Levy, director of the Center for Continuing Study of the California Economy, said he expects bidding to become more intense for properties over $2 million.

Many agents say they don’t have to drum up a special marketing plan or add gimmicks to draw new tech millionaires to open houses. They’ve been selling to tech workers for decades and know which features to highlight.

Nina Dosanjh, an agent at San Francisco-based Vanguard Properties, said the market remains tight from lack of new homes and people willing to move. Starter homes still sell for $1.3 million, and she expects that to climb higher. But, she added, “it’s too early to tell.”

Michael Repka, CEO of DeLeon Realty in Palo Alto, said the next wave of IPOs will boost confidence for some high-salaried tech employees on the sidelines.

“It’s always a positive,” Repka said. Rising interest rates and stock market volatility over the last six months, he said, has brought “the onset of some nervousness and uncertainty.”

But real estate veterans say IPOs are only one part of the home-buying equation. Many expect first-time buyers to be more cautious.

Ramesh Rao of Coldwell Banker in Cupertino, said his tech clients have become more conservative. More two-income families have been willing to take on a mortgage they can pay with just one salary, he said. “They might splurge a little bit,” he said, but he believes many will seek to diversify their investments.

In the 2012 run-up to the Facebook public offering, home sellers in Menlo Park and Palo Alto near the company headquarters held high expectations, said Michael Dreyfus, veteran agent at Golden Gate Sotheby’s in downtown Palo Alto.

“Facebook was going to be the be all and end all. Dollars were going to fall from the sky,” Dreyfus said. “It didn’t happen.”

Eventually, employees bought heavily in Palo Alto neighborhoods near company headquarters, Dreyfus said. “It took time.”


Article source: https://www.mercurynews.com/2019/04/04/bay-area-ipos-to-add-fuel-to-hot-housing-market/

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