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Advocates Worry Blackstone Sale Will Take Affordable Housing Crisis From Bad to Worse

Advocates Worry Blackstone Sale Will Take Affordable Housing Crisis From Bad to Worse
The planned sale of 66 apartment buildings to the New York-based Blackstone Group highlights both the vulnerability of naturally affordable housing and the lack of requirement for owners to notify local governments of plans to unload properties.
The Doriana Apartments in southeastern San Diego are among the apartment buildings being acquired by the Blackstone Group in a pending sale. / Photo by Adriana Heldiz
The Conrad Prebys Foundation, a charitable organization, shocked affordable housing advocates last week when it announced that it would sell 66 apartment buildings to a private equity firm. ....

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San Diego Symphony, after raising $98.7 million, will name new concert venue The Rady Shell at Jacobs Park

SAN DIEGO â After quietly raising $98.7 million from key philanthropic supporters over the past five years, the San Diego Symphony announced Thursday that its new bayside concert venue downtown will officially be called The Rady Shell at Jacobs Park.
The name is in honor of its two top donors: Ernest and Evelyn Rady contributed the lead gift of $15 million toward the construction of the venue, while Joan and Irwin Jacobs gave $11 million.
The outdoor venue s central gathering space for dining and socializing will be namedâ¯ Prebys Plaza in honor of the late Conrad Prebys and The Conradâ¯Prebys Foundation, which contributed $15 million to the symphony. Of that amount, $12.5 million was designated for construction costs. ....

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San Diego arts, health, science and youth groups to share $71M from Prebys Foundation

San Diego arts, health, science and youth groups to share $71M from Prebys Foundation
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