East Bay Real Estate News
A culmination of online articles, related updates and news for the East Bay real estate communities. Offering insights into rental prices, local development, legislation and new market trends. Contact us for assistance: http://bornstein.law + http://baypropertygroup.com
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Home Prices Catch Up With Online Views

"If you’re shopping for a home, chances are you’re looking at homes that are more expensive than the one you would actually buy. We’ve been monitoring this trend, and now we’re noticing the gap between the price of homes people look at online and the price of homes people buy is narrowing, especially in markets where home prices have risen the most.

 

Seattle is a great example. In 2014, the median list price of Seattle homes was $429,000. But the median list price of homes viewed on Redfin.com was 11 percent higher, $478,000. Since then, the median list price has jumped to $519,000, but the median price of homes viewed on Redfin.com hasn’t kept pace. So far this year it’s just $6,000 above the list price.

 

It makes sense that people look at homes that are out of their price range, especially when you remember that we’re counting views of home listing pages on Redfin.com and not the number of prospective buyers who come through the door. It’s easy for people to view photos of homes online. People like to look at nice kitchens, even if they don’t intend to buy the home. 

 

But what’s really going on? As home prices skyrocketed in the nation’s hottest markets, the price of homes people have checked out online hasn’t meaningfully changed.

Bornstein Law & Bay Property Group's insight:

"In San Francisco, the gap between the price of homes people look at and buy has closed from almost $100,000 to a deficit of $3,000."   Redfin.com

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Oakland Mayor Unveils Housing Affordability Plan

Oakland Mayor Unveils Housing Affordability Plan | East Bay Real Estate News | Scoop.it

"Oakland Mayor Libby Schaaf has unveiled an expansive plan to protect 17,000 existing affordable homes and apartments and build at least 17,000 new housing units over the next eight years. It’s all part of a multifaceted attempt to address Oakland’s housing affordability crisis.

Schaaf told the Express in an editorial meeting yesterday that Oakland alone cannot solve all of the problems that are causing housing insecurity and displacement, but that her administration will be focusing on a list of specific policy goals that they believe can be accomplished in the near term and will benefit the most residents.

“Protecting Oakland from displacement is our highest priority,” Schaaf said.

Schaaf’s “Oakland Housing Action Plan” builds on the city’s housing equity road map, a policy document developed during the administration of then-Mayor Jean Quan and published last year. Schaaf's plan also incorporates feedback from a housing cabinet of experts that she convened last year to implement the road map and generate new policy ideas.

Schaaf’s sweeping plan includes modifications to existing renter protection programs and an ambitious set of funding strategies that Schaaf estimates could raise hundreds of millions of dollars in new money to build up to 5,600 affordable housing units in the next eight years and spur the production of up to 14,400 market-rate units in the same time period."

Bornstein Law & Bay Property Group's insight:

"Perhaps the most ambitious and most important landlord-tenant law change being floated by Schaaf is the need to amend the Costa Hawkins law. Costa Hawkins is a 1995 law that, in Oakland, exempts about 32,000 apartments built after 1983 from rent control. It also exempts single-family homes and condos that are owned by landlords from rent control."
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Alameda Group Seeks Rent Control On Ballot

Alameda Group Seeks Rent Control On Ballot | East Bay Real Estate News | Scoop.it

"The Alameda Renters Coalition, a tenant advocacy group, wants a November ballot item that would tie Alameda rental prices to the Bay Area's Consumer Price Index.

 

To get a charter amendment on the ballot, the group needs a verified 15% of the city's registered voters to sign a petition. Rising rent concerns have been contentious in Alameda, where a city council discussion of a moratorium on rent increases resulted in fights and required police intervention, according to the San Francisco Business Times."

Bornstein Law & Bay Property Group's insight:

"The city council placed a 65-day moratorium on rent increases of 8% or higher and no-cause evictions."

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SF rents go down again, Oakland's go up

SF rents go down again, Oakland's go up | East Bay Real Estate News | Scoop.it
San Francisco is in danger of losing its (dubious) distinction as the nation's most expensive rental market. According to Zumper's National Report for January, SF dropped for the second month in a ...
Bornstein Law & Bay Property Group's insight:

San Francisco rents have seen some softening with 2 consecutive months of downward pricing.  Just across the Bay in Oakland, the rental market is still going strong with continued upward movement.  A median one bedroom is up .9 percent and is now renting for $2,210 in Oakland.

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2015 Holiday Greeting from the Bay Property Group Team

Wishing everyone a very happy holiday season. Thank you for your continued support. http://www.baypropertygroup.com or (855) 381-8570 

Bornstein Law & Bay Property Group's insight:

Daniel Bornstein, Broker for Bay Property Group, wishes you a wonderful and joyous holiday! 

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Experts: Oakland is growing technology hub

Experts: Oakland is growing technology hub | East Bay Real Estate News | Scoop.it

OAKLAND -- More entrepreneurs are finding hospitable havens in Oakland to launch, expand and nurture high-tech companies, but work is needed to keep those companies in the East Bay's largest city, according to experts who gathered in downtown Oakland on Tuesday.

Technology employment has been growing by 4 percent to 10 percent a year over the past five years and grew by 7.2 percent during 2014, according to an update from the Oakland Metropolitan Chamber of Commerce.
'The tech ecosystem is growing in Oakland," said chamber president Barbara Leslie.

While only a fraction of the size of the tech mega-hubs in Silicon Valley and San Francisco, Oakland nevertheless is poised to come into its own as a technology center, she said.

Bornstein Law & Bay Property Group's insight:

Best quote "Oakland... is poised to come into its own as a technology center."

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Oakland Weighs Higher Ellis Act Payments as Evictions Increase

Oakland Weighs Higher Ellis Act Payments as Evictions Increase | East Bay Real Estate News | Scoop.it

An Oakland City Council committee has put off action on a proposalto increase relocation payments to renters displaced by Ellis Actevictions.

The council is considering action in response to a spike in the number of such evictions in Oakland. The act, passed in the 1980s, allows evictions when landlords decide to take properties off the rental market. Ellis Act evictions have become notorious in San Francisco, where hundreds of tenants have been forced to relocate in recent years, largely due to conversion of rental properties to condominiums.

In Oakland, the pace of Ellis Act evictions has been slower, with a total of 47 Ellis filings covering 98 units between fiscal 2003-04 and 2014-15. But there are signs that’s changing, with a dozen Ellis filings covering 15 units since July 1.


Bornstein Law & Bay Property Group's insight:

"Although the number of tenants displaced under state law is small compared to San Francisco, officials express concern about recent spike."

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Ellis Act Evictions on the Rise in Oakland!

Ellis Act Evictions on the Rise in Oakland! | East Bay Real Estate News | Scoop.it

The number of Ellis Act evictions in Oakland has more than doubled in the past six months, according to the city’s rent adjustment program manager. And without greater compensation awarded to tenants to relocate to another apartment in Oakland, renters may not be able to afford to remain in the city.

Last Thursday, the Oakland City Council scheduled a proposed amendment to the city’s Ellis Act ordinance to be heard on December 15 in the community and economic development committee. The amendment would require landlords who evict tenants under the Ellis Act to pay displaced tenants about $8,000 a unit, plus $2,500 for homes with minor children, seniors, and disabled people. Currently, only low-income tenants in Oakland evicted under the Ellis Act receive relocation payments.

Bornstein Law & Bay Property Group's insight:

Proposed payment structure... will help displaced renters cover the first and last month’s rent for new apartments — which now average about $2,500 a month for a one-bedroom unit!

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How Quirky is Berkeley? Eugene Tssui’s Fish House

How Quirky is Berkeley? Eugene Tssui’s Fish House | East Bay Real Estate News | Scoop.it
This is the second part of our story on Eugene Tssui's "Fish House." Read Part One, which was published Monday. After Eugene Tssui's...
Bornstein Law & Bay Property Group's insight:

Berkeley is Quirky for sure... check out this house! 

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Berkeley orders new homeless tent city to disband

Berkeley orders new homeless tent city to disband | East Bay Real Estate News | Scoop.it

The city of Berkeley issued a cease and desist order Tuesday to residents of an encampment that popped up at Old City Hall on Nov. 16 in reaction to new homeless laws the city is seeking to enact.

The memo, distributed by police to about 50 people living in the approximately 22 tents on the front lawn, cites that penal code section 647(e) prohibits anyone from lodging on public property without permission of the property owner. The offense is a misdemeanor.

“Lodging on the property of 2134 Martin Luther King Jr. Way is not permitted,” reads the order. “Please take this opportunity to immediately collect your belongings and leave this location.”

But the order seems to have been met with a big yawn by those camping out, many of whom identified themselves as homeless or advocates for the homeless.

“It’s not an encampment, it’s a protest,” said a 29-year-old woman who identified herself as Musik Street Ninja. She said she is from Berkeley but currently has a room in which to sleep in Antioch. “We are protesting the bullshit homeless laws they are trying to pass.”

Added Mike Zint, who said he is the person who called for the camp-out: “This is the commons owned by everybody. We own this property. It’s public property. We are giving ourselves permission to be here.”

Zint predicted police would not roust those camping out on Thanksgiving or the day after, which is a big shopping day. He predicted officers would come to remove the tents Monday.

Bornstein Law & Bay Property Group's insight:

Berkeley trying to deal with homeless tent city in front of city hall! 

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The lowdown: Berkeley council on affordable housing + protest

The lowdown: Berkeley council on affordable housing + protest | East Bay Real Estate News | Scoop.it

At its Dec. 1 meeting, the Berkeley City Council is set to kick off with a special 5:30 p.m. session on affordable housing, followed by the regular meeting at 7 p.m. The action calendar includes two appeals related to a Durant Avenue housing project, a look at the Police Review Commission’s report about last December’s protests, and a proposal from Councilman Jesse Arreguín to expand the city’s services for the homeless. The meeting is set to take place in the Longfellow Middle School auditorium, at 1500 Derby St. Scroll down to see the highlights and learn how to follow along.

Special meeting: Affordable housing in Berkeley

The special 5:30 p.m. meeting includes three items — one of which, from Councilman Kriss Worthington, has five different elements — related to affordable housing in Berkeley. The first item will be a presentation about what the Berkeley Housing Authority does to create more affordable housing in the city. According to the presentation, the BHA is “the single largest provider of deeply affordable housing in Berkeley.” There are 1,660 households in Berkeley that receive rental assistance from the agency. The program is, however, struggling due to budget deficits and a declining supply of affordable housing.

Bornstein Law & Bay Property Group's insight:

Affordable housing meeting in Berkeley tonight at 5:30pm! 

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Happy Thanksgiving from Bay Property Group!

Happy Thanksgiving from Bay Property Group! | East Bay Real Estate News | Scoop.it
Bornstein Law & Bay Property Group's insight:

The team at Bay Property Group wishing you a warm and Happy Thanksgiving! Eat, drink and be merry...

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Eviction + Rent-Hike Complaints Skyrocket in Oakland

Eviction + Rent-Hike Complaints Skyrocket in Oakland | East Bay Real Estate News | Scoop.it

Disputes between landlords and tenants are overwhelming Oakland's rent adjustment program. According to city officials, petitions filed by tenants to stop excessive rent increases and questionable evictions have doubled during the past three years, from 385 in 2012 to 739 so far this year. And appeals by landlords seeking to uphold rent increases or pass other costs onto tenants, have more than quadrupled, from 20 to 98.

Bornstein Law & Bay Property Group's insight:

"Recent spillover from San Francisco's hot housing market is rapidly increasing rents in Oakland, leading some landlords to push through large, often illegal rent hikes, while other landlords attempt to force out low-income tenants." 

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Tension Builds in Alameda Over Rising Rents

Tension Builds in Alameda Over Rising Rents | East Bay Real Estate News | Scoop.it

Crowds of housing activists flocked to a special City Council hearing to address the city’s housing crisis. The raucous seven-hour hearing ended with two arrests and a 65-day moratorium on no-cause evictions and rent increases above 8 percent.

The council’s action didn’t come in time to help the Andehuesons, who expect to move out of their apartment in February. But it buys city leaders time to seek long-term relief for residents of the small city who say they’re under siege by greedy landlords.

The impact of rising rents has become a wrenching topic in Alameda, a city of 75,000 where 55 percent of residents rent their homes. It seems that everyone knows someone who has received a no-cause eviction or an excessive rent increase, said the city’s Mayor Trish Spencer, herself a tenant for 16 years.

Bornstein Law & Bay Property Group's insight:

"Property values are surging, and landlords are reaping the benefits of that,”  In July, the average monthly rent in Alameda was $2,251, up significantly from $1,737 in July of 2013, according to the data site RealFacts.

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Alameda, CA temporarily caps Rent Increases at 8 percent

Alameda, CA temporarily caps Rent Increases at 8 percent | East Bay Real Estate News | Scoop.it

The Alameda City Council on Wednesday night approved a temporary freeze on rent increases in excess of 8 percent. The moratorium, which also includes just-cause for eviction, is scheduled to last 65 days. Moreover, the 8 percent cap applies cumalitively over 12 months, meaning that if a property owner gave an increase of 5 percent four  months ago, the owner is limited to a 3 percent increase now. See the ordinace for more details.

Dozens of CAA members attended the meeting, helping to keep the moratorium temporary. Tenant groups were seeking permanent rent control.

The meeting at one point turned violent, a first for the Bay Area rent control debate. This article in today’s Contra Costa Times provides details on the meeting and offers context on the ongoing push for rent control in the region.

In addition to Wednesday’s temporary moratorium, the City Council recently adopted a stronger mediation program to review rises in rent.

Bornstein Law & Bay Property Group's insight:

CAA has created a brochure to help owners understand what’s at stake, to help them comply with the rent review ordinance, and prevent rent control from coming to Alameda.

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CAA petition leads Richmond to rescind rent control

CAA petition leads Richmond to rescind rent control | East Bay Real Estate News | Scoop.it
The Richmond City Council -- the first to approve rent control in California in more than three decades -- has rescinded the policy in response to a signature-gathering effort spearheaded by the California Apartment Association. 

The council’s unanimous vote Tuesday night came after Contra Costa County’s Elections Division certified more than 5,000 signatures collected during the CAA-led petition drive.

“We believed the council had rushed to judgment on a policy that would bring long-lasting, negative consequences for the city’s housing stock and financial stability,” said Tom Bannon, CAA’s chief executive officer. “CAA quickly launched the referendum push so that the city and community would have more time to examine the long-term impacts and unintended consequences that rent control brings.”

Bornstein Law & Bay Property Group's insight:

“CAA looks forward to working with Richmond’s city council and staff to pursue sensible measures for providing housing to residents of all income levels,” 

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2 arrested in Heating Meeting over Alameda Rent Control

2 arrested in Heating Meeting over Alameda Rent Control | East Bay Real Estate News | Scoop.it

Police arrested two people at a heated city council meeting in Alameda. Home and apartment rentals are out of control on an island where more than half of the population rents. Almost everyone knows someone who has been affected by rent increases and that's why the meeting got so emotional. As of 11 p.m., the city council was still discussing a moratorium on rent increases.

Bornstein Law & Bay Property Group's insight:

East Bay communities in Alameda, tensions are running unusally high regarding rents and controls. Stay tuned for more info

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East Bay housing officials fear impact of federal voucher cut

East Bay housing officials fear impact of federal voucher cut | East Bay Real Estate News | Scoop.it
For 10 years, Annette Miller’s federally funded housing voucher for those with low incomes helped anchor her in a modest duplex in West Oakland while many of her neighbors were priced out and had to leave. Fair market rent — in this case for a two-bedroom home at the 40th percentile of the rental market — is the benchmark that dictates how much local housing authorities can pay for federally funded vouchers, also known as Section 8 subsidies. Section 8 is one of the nation’s most important
Bornstein Law & Bay Property Group's insight:

“At minimum a housing authority has to keep up with the prevailing market rates,” said Daniel Bornstein, a real estate attorney in Oakland who also manages properties with Section 8 tenants.

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Uber to open in Oakland’s Sears building in 2017

Uber to open in Oakland’s Sears building in 2017 | East Bay Real Estate News | Scoop.it
Uber has purchased Oakland's moribund Sears building and will open a major East Bay office there in 2017 after an extensive rehab, the company said Wednesday.

The imprimatur of the world's most valuable private technology company should boost Oakland's efforts to attract more major employers and add cachet to its burgeoning Uptown neighborhood, experts said.

Uber bought 1955 Broadway from developer Lane Partners, which purchased the seven-story property in late
Bornstein Law & Bay Property Group's insight:

The Uptown Oakland neighborhood gets more news of modern evolution with UBER moving in 2017... community has mixed reaction! What do you think will happen?

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Join Daniel Bornstein at EBHRA Legal Q&A on 10/1

Join Daniel Bornstein at EBHRA Legal Q&A on 10/1 | East Bay Real Estate News | Scoop.it

RSVP for EBRHA 9th Annual Trade Expo 


Bornstein Law & Bay Property Group's insight:

Join Daniel for an East Bay focused legal Q&A from 3:30-4pm in Oakland on 10/1 at the EBRHA event! 

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CAA petition puts brakes on Richmond rent control

CAA petition puts brakes on Richmond rent control | East Bay Real Estate News | Scoop.it
Thanks to a referendum backed by the California Apartment Association and its supporters, rent control in Richmond is on hold.
Today, CAA, on behalf of thousands of local property owners and concerned citizens, submitted  7,025  signatures to Richmond’s city clerk.
The referendum asks voters to repeal a rent control and just-cause-for-eviction ordinance approved by the City Council on Aug. 5. The referendum also postpones implementation of the ordinance, which had been scheduled for Friday, Sept. 4.
The City Council can now either repeal the ordinance or send the issue to voters. If the council chooses the latter, the referendum will  appear on the next municipal election, currently scheduled for the November 2016 ballot.
Bornstein Law & Bay Property Group's insight:

“Rent control has long-lasting, negative impacts on communities,” said Tom Bannon, chief executive officer of CAA. “That’s one reason no other city in California has approved rent control in decades.

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Man killed in West Oakland explosion and fire identified

Man killed in West Oakland explosion and fire identified | East Bay Real Estate News | Scoop.it

Authorities have said the explosion and fire that happened about 11 a.m. Tuesday at the triplex in the 1400 block of Peralta Street resulted from Navarre letting the apartment fill with natural gas after severing a gas line leading to a water heater.


He was apparently overcome by the fumes and was unconscious and immobile when the explosion and fire happened, authorities said. His cause of death has been listed as inhalation of combustibles, meaning he was still alive when the fire started, authorities said.


Authorities said they believe Navarre planned to commit suicide.


Police also found evidence that Navarre had set up apparent booby traps meant to harm anyone coming into the apartment where he had lived for five years but had not been paying rent since May. Navarre's dog also died in the fire.



Bornstein Law & Bay Property Group's insight:

The tenant became reclusive over the past year and stopped paying his rent in May, prompting the eviction.

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Oakland's Rock Paper Scissors - Priced Out

Oakland's Rock Paper Scissors - Priced Out | East Bay Real Estate News | Scoop.it

This ragtag Oakland storefront at 23rd Street and Telegraph Avenue was at the geographic center of the original Art Murmur in 2006. It’s an all-in-one art gallery, classroom, clothing shop and activist meeting space. The volunteer-run collective operating Rock Paper Scissorsexemplifies the city’s social justice-seeking, DIY art and activism scene.

But with Oakland rents soaring, they’ve been priced out of their space. August’s will be the last First Friday street fair and Art Murmur gallery stroll for the collective — the last remaining organization of those that helped start the monthly festival almost a decade ago.

Bornstein Law & Bay Property Group's insight:

Another local shop in the community closes down due to increasing rents in Oakland

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Contentious issue of Rent Control in Richmond

Contentious issue of Rent Control in Richmond | East Bay Real Estate News | Scoop.it
Andres Soto was a leading voice for rent control in Richmond for more than a decade, before he got displaced from his hometown to a mobile home in Benicia.

"I'd been paying $1,100 a month for a three-bedroom house on Lowell Street, with a front yard, backyard and fruit trees," Soto, 60, said of the home he rented for 29 years in the northeastern part of the city.

When Soto, the Richmond organizer for the nonprofit Communities for a Better Environment, was evicted in 2010, he thought he could easily find an apartment. But rents had ballooned, he said, with a one-bedroom in his old neighborhood going for $1,800.
Bornstein Law & Bay Property Group's insight:

"Mayor Butt and his allies in the real estate industry believe in self-regulation and voluntary compliance." What do you think will happen with Richmond's Rent Control?

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Rent increases, S.F. tech tenant moves to Oakland

Rent increases, S.F. tech tenant moves to Oakland | East Bay Real Estate News | Scoop.it

Another San Francisco technology company is making the jump across the bay to Oakland, drawn by a big discount in office rents and a burgeoning local retail and arts scene.

Fluid, a web design and software firm focusing on the retail sector, is leasing 16,000 square feet at Oakland's Latham Square Building at 1611 Telegraph Ave. The company is taking two full floors in the property, where landlords Ridge Capital Investors LLC and Contrarian Capital Management LLC are investing $10 million in renovations to appeal to more tech tenants.


Bornstein Law & Bay Property Group's insight:

With rents rising, tech and other companies are moving across the bay and seeking buildings in Oakland!

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Curated by Bornstein Law & Bay Property Group
Bornstein Law is a premier San Francisco Bay Area law firm providing an array of real estate and civil litigation legal services. Bay Property Group has expertise in property mgmt, brokerage, sales + rentals. Together they provide unrivaled excellence!
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Bornstein Law works in affiliation and collaboration with Bay Property Group.  Daniel Bornstein, Esq. is the founder of the law firm, and also the broker of record for Bay Property Group in Oakland, San Francisco and Cupertino.  Together the two companies assist local property owners, landlords, commercial clients, multifamily investors and offer property management services. Contact us for assistance: http://bornstein.law & http://baypropertygroup.com
East Bay Real Estate News
A culmination of online articles, related updates and news for the East Bay real estate communities. Offering insights into rental prices, local development, legislation and new market trends. Contact us for assistance: http://bornstein.law + http://baypropertygroup.com
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Providing you with current eviction, tenants rights, owners rights, legislation and San Francisco Bay Area news focused on rental housing. Contact us for further assistance: http://bornstein.law and http://baypropertygroup.com!
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San Francisco is a complex and challenging region, with new In-law regulations changing often.  We seek to keep you updated and informed about all the changes! Contact us for further assistance: http://bornstein.law and http://baypropertygroup.com
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