Commentary On April 1, 2023, a new transfer tax on all real estate transactions in the city of Los Angeles went into effect. The tax is 4 percent on the sales price between $5 million and $10 million and 5.5 percent on sales proceeds over $10 million. Although the impact of this tax on each…
Los Angeles’s Office Market Is in Even More Trouble Than Before
May 17, 2023
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Musk Says ‘Woke’ Ideology Turned Once-Thriving San Francisco Into ‘Derelict Zombie Apocalypse’
May 16, 2023
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An article blaming San Francisco’s problems of crime and rampant homelessness on progressive policies drew a scathing reaction from Twitter CEO Elon Musk, who said that the “woke mind virus” had driven the “once beautiful and thriving” area to ruin. Musk was responding to a post on Twitter about a recent performance at a San…
Why San Francisco Police Are Not Responding to Calls | Joel Aylworth
“Just last week, Whole Foods—this $10 million project to be built downtown, only open for a year—just got up and left. And that’s because they can’t get a handle on crime.” Siyamak sits down with Joel Aylworth @JoelEvan, a former police officer with the San Francisco Police Department. He will talk about why crime got out…
Lyft Lays Off 383 Employees at Headquarters in San Francisco
May 12, 2023
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Ride-share service Lyft has laid off 383 employees at its headquarters—according to a company notice filed with the state on May 10—and has closed its San Francisco driver center. Lyft is the latest company to announce a closure in the city as businesses and residents struggle with skyrocketing crime and an economic decline some have called…
San Francisco Unsafe, Dirty, Going to Get Worse: Former Board of Supervisors President
May 10, 2023
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Once sought out by millions as a premier destination for travel and business, San Francisco is no longer safe, and a combination of corruption and lack of desire to solve the predicament are plaguing the city, according to Angela Alioto—former president of the Board of Supervisors. “We need a district attorney that’s going to enforce…
T-Mobile Closes San Francisco Flagship Store as Crime Spins Out of Control
May 10, 2023
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T-Mobile became San Francisco’s latest retailer to flee the city’s downtown area in recent months, citing a drop in foot traffic and a rise in crime. The phone company’s two-story flagship store in San Francisco’s neighborhood of Union Square was permanently closed last month as havoc continues in the once-prominent business district. A note was left…
San Francisco Prosecutors Will Not Pursue Charges Against Walgreens Security Guard in Fatal Shooting
The San Francisco District Attorney has announced that murder charges will not be filed against a Walgreens security guard in a fatal shooting that happened at a downtown San Francisco Walgreens. District Attorney Brooke Jenkins announced on Twitter on the evening of May 1: “The killing of Banko Brown was a tragedy & my heart…
Shoplifting Out of Control in California, Public Safety Risks Causing Some to Change Routines
May 3, 2023
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Business owners, consumers, and employees are facing unprecedented risks to their belongings and their safety because of shoplifting crimes affecting local California communities, with a law enacted by voters nearly a decade ago playing a key role, experts suggest. Passed in 2014, Proposition 47 changed the threshold for felony theft, raising the bar from $400…
Nordstrom to Close Downtown San Francisco Stores
Luxury retailer Nordstrom plans to close both of its downtown San Francisco stores because of dramatic changes in the area in the last few years, according to the company. In all, the company will walk away from nearly 358,000 square feet of downtown retail space. The Nordstrom Rack store on Market Street will close July…
Bob Lee Died of Stab Wounds, Had Cocaine in His System, Autopsy Report Says
May 2, 2023
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Cash App founder Bob Lee, who was killed last month in San Francisco, died from multiple stab wounds while having cocaine, alcohol, and other substances in his system, the city’s medical examiner said Monday. The 43-year-old software engineer had two stab wounds to the upper chest and a third to his right hip, according to…
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