Residents Vote In Favor Of Plan To Redevelop 150-Acre Los Alamitos Race Course
The home of California Chrome will change to bring in new development when racing eventually stops at the Los Alamitos Race Course in Cypress.
During last Tuesday's primary election, Cypress residents voted in favor — 63.6% to 36.3% — of Measure A, an initiative to develop a mixed-use project, including a town center, an office building, retail, dining, entertainment, residential housing and park space on the 150-plus-acre Los Alamitos Race Course, the former Cypress Golf Course and other adjacent property.
“We are very pleased with the outcome of the election,” Los Alamitos Race Course Facilities Manager Frank Sherren wrote in an email to Bisnow. “Excited about what the city of Cypress can expect in the future. Enjoyed working closely with…
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'Silver Tsunami' Of Aging Seniors To Change Approach To Healthcare, Housing
Healthcare professionals and commercial real estate executives are bracing for the impact baby boomers will have on the future of U.S. healthcare and the housing industry.
A “silver tsunami” is coming and now is the time to prepare, Cuningham Group principal Lee Brennan said.
By 2035, the U.S. Census Bureau projects senior citizens will outnumber youth for the first time in U.S. history. People age 65 and…
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Expect More Protests, Rallies As Tenant Groups Push To Repeal Restrictions On Rent Control
With the California November election about five months away, several tenant rights groups and apartment associations representing owners and landlords are gearing up for a big fight over the state's Costa-Hawkins Rental Housing Act, which limits rent control.
On one side, tenant unions want to repeal the law. They are concerned with low- and middle-income earners, elderly and disabled tenants being forced out of their neighborhoods due to lack of housing supply, unaffordability and high rent.
Property owners on…
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Bisnow's Mike Guimond To Take On New Role As Market Director Of Southern California Region
Bisnow is adding a new face to its Southern California operations. Mike Guimond, who currently manages sales and events in the greater Washington, D.C., region, will be heading to the West Coast to oversee business operations and expand Bisnow's footprint…
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Infrastructure P3s: Not All They're Cracked Up To Be
During his tenure as commissioner with the Texas Department of Transportation, Ted Houghton oversaw the rollout of $20B of road work. Private companies helped foot the bill in some of them. These public-private partnerships — P3s — seemed like a dream come true.
One project burst the bubble. The private operator behind a $1B highway partnership went bankrupt, making Houghton realize involving the private sector in a public project is not a panacea to the nation's infrastructure issue.
“I don't think one size fits all,” Houghton said.
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Ahead Of The World Cup, Russia's Real Estate Market Is A Lot Better Than Its Team
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