The Planning Commission in June permitted Sixty Hotel to continue rooftop operations into the wee-morning even though residents near the hotel at Wilshire and Crescent voiced concern about noise from the rooftop bar and dining. And commissioners agreed to allow the hotel to continue operating without any new restrictions. Arguably commissioners tried to balance the interests of the city, the hotel and the residents in good faith. Yet it left neighbors feeling unheard and unhappy. What can we learn from the Sixty Hotel hearings?
Industry reports suggest the giant federal stimulus and rising inflation are pushing rents higher. But the story is complicated: Midwest and sunbelt cities are seeing the greatest percentage increases followed by big-city suburbs. But the most concerning aspect of today’s changing rental market is the effect of macroeconomic pressures on lower-income households and and the lower-quality apartments we inhabit. Let’s take a look.Read more