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Billionaire Stephen Schwarzman, Fierce Opponent of Rent Control in California, Raked In $610.5 Mil in 2020

In News by Patrick Range McDonaldMarch 10, 2021

Billionaire Stephen Schwarzman, a fierce opponent of rent control, raked in an astounding $610.5 million from dividends and compensation last year, according to Reuters. Blackstone Group, the private equity firm co-founded and led by Schwarzman, …

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Tangled Web: Gavin Newsom, Ace Smith, California Apartment Association, and the Billionaires Who Love Them

In News by Patrick Range McDonaldDecember 15, 2020

Billionaires Stephen Schwarzman and Sam Zell must love Gov. Gavin Newsom, political consultant Ace Smith, and the California Apartment Association right now. After all, Newsom, Smith, and the CAA were key players in killing two …

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EXCLUSIVE: The Big Real Estate Executives Who Are Calling the Shots to Stop Prop 21

In News by Patrick Range McDonaldAugust 18, 2020

On Thursday, July 16, a little before noon, Essex Property Trust executive John Eudy sent an email to his deep-pocketed colleagues in the real estate industry, asking for campaign contributions — $100 per apartment — …

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Multi-Millionaire Landlord Tod Spieker Wants to Kill Proposition 21

In News by Patrick Range McDonaldAugust 13, 2020

Many years ago, at UCLA, Richard “Tod” Spieker was an All-America swimmer, whose legacy was enshrined when the school’s state-of-the-art aquatics center was named after him. Today, in 2020, Spieker, a multi-millionaire landlord in Palo …

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As the Pandemic Rages On, Billionaire Jackie Safier Wants To Demolish A Rent-Controlled Building in Berkeley

In News by Patrick Range McDonaldAugust 11, 2020

Natalie Logusch and her neighbors have lived in their 111-year-old, Colonial Revival apartment building in downtown Berkeley for years. They are middle- and working-class people who can only afford to live in the city because …

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Modern-Day Robber Baron: The Sins of Blackstone CEO Stephen Schwarzman

In News by Patrick Range McDonaldJuly 29, 2020

Housing Is A Human Right presents another special report about the power players responsible for the housing affordability crisis. For this investigation, we examine Blackstone Group CEO and billionaire Stephen Schwarzman, one of the largest …

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Will the Corporate Greed of Essex Property Trust CEO Mike Schall Destroy California?

In News by Patrick Range McDonaldJune 28, 2020

For Essex Property Trust CEO Mike Schall, it’s all about the money — no matter who gets hurt. Slamming seniors with huge rent increases and forcing them out of their homes is a standard way …

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Coronavirus Forces Politicians to Address Housing Affordability and Homelessness Crises

In News by Patrick Range McDonaldMarch 25, 2020

For years, activists and experts have been saying, repeatedly, that housing is not only a human right, but also a serious public health issue. That people need stable, affordable housing to maintain good health — …

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Big Real Estate Gears Up to Stop Rental Affordability Act

In News by Patrick Range McDonaldNovember 8, 2019

A year away from Election Day, the real estate industry is already gearing up for a pitched battle against the housing justice movement in California. Heavyweights Essex Property Trust, the California Apartment Association, and Equity …

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State Sen. Scott Wiener Keeps Rolling In Real Estate Campaign Cash

In News by Patrick Range McDonaldOctober 28, 2019

California State Sen. Scott Wiener continues to roll in campaign cash from Big Real Estate. Housing Is A Human Right examined Wiener’s 2020 re-election campaign contributions between February and June of 2019, finding that he …

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