LA real estate leader sounds alarm as homelessness rises under Karen Bass
July 30, 2026 - 01:39
Alle pointed to what he sees as a disconnect between City Hall's policy announcements and the reality on the ground. He criticized the mayor's reliance on temporary solutions, such as hotel conversions and tiny home villages, rather than pushing for permanent supportive housing with strict accountability measures. The real estate leader also highlighted the economic toll, noting that rising homelessness is driving away businesses and tourists, which hurts the local tax base. "You can't just talk about compassion," Alle said. "You need a plan that actually moves people indoors and keeps the streets clean and safe for everyone." As the city grapples with record shelter waitlists, his comments reflect a growing frustration among business owners who feel the crisis is being managed, not solved.
MORE NEWS
July 29, 2026 - 00:03
Daisy Brand to leave Dallas for new Plano headquartersPlano has scored another corporate headquarters relocation, this time pulling Daisy Brand away from its longtime home in Dallas. The Plano City Council approved a $500,000 economic development...
July 28, 2026 - 00:40
Third & Urban sells NoDa warehouse site at The Pass for $6MCharlotte-based developer Third & Urban has sold a key warehouse property in the NoDa neighborhood for $6 million, marking a significant step forward for The Pass, an adaptive-reuse project that...
July 27, 2026 - 02:27
A generational divide hits San Francisco's housing marketA new high-rise residential tower planned for San Francisco has sparked a heated battle between older homeowners and the city`s younger tech workforce. The project, which would add hundreds of...
July 26, 2026 - 23:45
The keys to bargain hunting in San Francisco’s housing apocalypseSan Francisco`s real estate scene has long been a brutal battlefield, with cash offers and over-asking bids pushing ordinary buyers to the sidelines. But a strange shift is happening. As remote...