Cocktails Jul 7, 2020
Shaken or stirred? Forage in Oakland tantalized California Live with some fresh cocktails ideas and twists just in time for summer. Forage 75 Enjoy a refreshing summer twist on a Fresh 75. Ingredients: 1 1/2 oz. of gin 3/4 oz. of freshly squeezed lemon juice 1/2 oz. of simple syrup 1/4 oz. of Aperol 3 oz. sparkling wine Orange peel…
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Private equity giant Blackstone Group plans to purchase 66 residential complexes in San Diego County for more than $1 billion in one of the biggest real estate transactions in local history.
New York-based Blackstone is purchasing roughly 5,800 apartment units from the Conrad Prebys Foundation. It said it intends to spend $100 million to improve the new assets.
The deal makes Blackstone one of the biggest real estate holders in San Diego County. It already owns $4.5 billion in assets here including Legoland and the Hotel del Coronado. The transaction, which also includes Los Angeles-based investment firm TruAmerica as a partner, is expected to close in the next few weeks.
SAN DIEGO
In what was lauded as the single biggest investment any state has ever made to address homelessness, Gov. Gavin Newsom on Tuesday announced a $12 billion proposal to create affordable housing, increase mental health services and fund other programs to get people off the street.
Newsom made the announcement at the Kearny Vista Apartments, one of two former San Diego hotels that were purchased and converted into housing with funding from the state’s Project Homekey program introduced by the governor last year.
“What we’re announcing here today is truly historic,” Newsom said. “It’s unprecedented, not just in California history. What we’re announcing here today is simply unprecedented in American history.”
Promising a more aggressive approach, Newsom said the massive sum will create nearly 50,000 new homes and permanently keep families off California streets.
Speaking to reporters at a renovated hotel in San Diego that now houses dozens of formerly homeless people, California Gov. Gavin Newsom announced a plan to spend $12 billion to solve the Golden State’s homeless crisis.
(CN) With budget negotiations heating up, California Governor Gavin Newsom on Tuesday proposed pulling $12 billion from the state’s burgeoning surplus to create nearly 50,000 new homes for people living on the street.
From a renovated San Diego hotel now occupied by dozens of formerly unhoused people, Newsom acknowledged homelessness remains one of California’s biggest problems and daringly claimed the money would “end family homelessness” over the next five years.