Los Angeles area commercial realtor
Joined September 2009
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Dion Noravian retweeted
New York has New Year's Eve
Chicago has St Patrick’s Day.
LA should make Halloween its official holiday. We should dye the LA River blood red and have Ryan Seacrest host a countdown when all the Spirit Halloweens return to abandoned Rite Aides.
Dion Noravian retweeted
Just for fun, here are some rough estimates of permit fees for the same house built in different CA cities / counties:
1. Palo Alto ~$150k–$300k+
2. Sunnyvale ~$110k–$120k
3. Los Angeles ~$94,788
4. San Francisco ~$35k–$55k
5. Kern County ~$20k–$35k
6. Imperial County ~$15k–$30k
A builder will pay $94,787.98 in permit fees for a single family home in Los Angeles, including $70,597.60 in affordable housing impact fees.
Note that building new housing reduces the cost of housing, having a positive ‘impact’. Maybe the city should start *paying* a fee rather than charging one.
Meanwhile the fee gets passed on, making housing decidedly less affordable, and acts as a deterrent to developers that might want to build more housing.
Dion Noravian retweeted
LAHSA is a joint Los Angeles City-County agency, overseen by a 10-person governing commission that is half appointed by the Mayor and half appointed by our five county supervisors (the same mayor and supervisors who continue to get elected every 4 years).
Let’s see what homelessness fraud the media uncovered this time:
-LAHSA continued to award millions of taxpayer dollars to a “non-profit” that was designated as “delinquent” and “high-risk”
-LAHSA broke federal law by failing to promptly alert authorities of credible evidence of possible fraud crimes
-Janine Trejo, the CFO of LAHSA, who oversaw compliance & contracting, was notified of the delinquency and high risk concerns. Her staffer, who was sitting right next to her, reassured everyone that LAHSA monitors how providers are performing.
-Even after being notified of all these major concerns, LAHSA awarded this high-risk “non-profit” another $2.6 million of our money.
-Amy Williams, the LAHSA director of compliance, said that Janine Trejo “was not very well-seasoned” when she was hired as the CFO. According to records, Janine Trejo didn’t even describe herself as having the education or experience listed in LAHSA’s qualifications for the job. The job required a bachelor degree in accounting, finance or management with an MBA or CPA. She had a bachelor degree in cultural anthropology.
-The “non-profit” CEO was charged with fraud earlier this year. He illegally pocketed at least $10 million in our money.
-By August 23, 2024, LAHSA had obtained credible evidence of federal fraud crimes, but failed to promptly report these crimes for eight months. The LA City and County excuse: “LAHSA did not have formal policies and procedures in place to guide the timing and process for making mandatory disclosures.”
-All our elected officials now say they knew nothing.
Vote for the same politicians over and over again. Vote for tax increases over and over again. This is what happens. Our money goes to fraudsters, all their friends get high paying jobs that they are not qualified for, and homelessness continues and gets worse.
NEW: An LAist investigation finds LA officials awarded millions to a homeless services group even after it was flagged as “High-Risk” for failing to do its job.
Its leader is now charged with pocketing $10 million in funds meant to house and serve people.
laist.com/news/housing-homel…
Dion Noravian retweeted
If you’re going to migrate to a country that is proudly a melting pot, you have to want to melt.
Dion Noravian retweeted
When you talk to voters in Cali, and you discuss Prop 40, do you tell each voter how they will benefit ?
The state estimates that it could generate 100b, which will be paid over the 5 yr term, or 20b a year. Give or take.
The state lost about 30b In federal Medicaid funding? Which means, even if you took 100pct of the Prop 40 funds each year , to subsidize the loss funding, it doesn’t cover it.
The good news is that a few million people who lost coverage, could get it back. And people working at providers that accept medi-cal could keep their jobs. That’s great
But it also means that only a few million Californians will benefit. Great.
The rest get no benefit. None at all. Zero. Anyone you talked to that didn’t lose Medicaid , won’t get shit.
Affordability? Nope. Lower healthcare costs ? Nope. Lower gas prices Nope. Lower home insurance. Nope. Wildfire protections. Nope.
Here is the math as I see it, and feel free to correct me. Right now cali collects 13.3 pct on ANY income above 1m a year. You also collect 8.8 pct on cali corporate earnings.
Which would rather have 13.3 pct and 8.8 pct that people have been paying. Annually.
Or a one time 5 pct tax, which probably equates to about 20b a year , plus some unknown number of wealthy people leaving and taking their companies and jobs with them.
It’s a math problem. Not an easy one.
Now if you went to those same voters and told them you are going to cut their healthcare, food, housing, home/renters insurance , and more, which do you think they would prefer?
A billionaire tax or lower costs at home ?
But that would require actually doing things outside your comfort zone.
The government would still collect from the vast majority of billionaires who are not illiquid. 72 percent of their wealth is in public stock. We are talking here about true paper billionaires with illiquid assets. And in those cases, the government would make out if the company succeeds in terms of collection but founders would not be personally liable if the company somehow failed.
Mark, come on a road trip with me around California, Pennsylvania and the country and ask ordinary Americans how they feel about a billionaire tax. Most say, I promise you, why only 5 percent?
There used to be a time where everyone deeply admired business leaders. We always had our suspicion with politicians. But business leaders were different. Andy Grove, Lee Iacocca, Warren Buffett. I know people respect you, especially with shark tank! But doesn't it concern you that today's business leaders do not have the same esteem today. Why is that? It's because many Americans feel the system is not working for them, that the success of a few is not tied to their success.
What I am trying to do is offer a new social contract for this country. I am a progressive capitalist --I want a future economy that works for everyone, not just the capital class in a few places. I want thoughtful business leaders like you to help me build that country.
Thats what FDR did with recruiting Bill Knudson from GM, railing against economic royalists, and then getting business leaders to industrialize America and build the greatest middle class!
Dion Noravian retweeted
During 2020–2022 historic rate lows, LA multifamily starts rose 13%.
Phoenix: 111%.
Suburban Atlanta: 397%.
Same financing, very different outcomes. AEI's conclusion: the binding constraint is permitting delays and land-use restrictions
aei.org/research-products/re…
Dion Noravian retweeted
Mystery artist steps forward as future of iconic bird atop L.A. eyesore in doubt latimes.com/lifestyle/story/…
Dion Noravian retweeted
This is the recipe for DTLA. "The theory being that private capital follows livability."
@YsabelJuradoLA @MayorOfLA @HildaSolis there's no greater potential return on investment in the City than Downtown right now in terms of tax revenue generation and long-term city-wide impact
Santa Monica is making its most aggressive economic comeback in years.
The early signs are promising.
The city committed $60M to the fundamentals: public safety, street repairs, lighting, and urban greening.
The theory being that private capital follows livability.
The bet is already paying off - the city stabilized its operating budget a full year ahead of schedule.
On top of that, the City Council recently approved a sweeping business incentive package: a $3M economic development fund, eliminated restaurant fees, discounted parking, film permit waivers, and $750K in grants tied to the FIFA World Cup and 2028 Olympics.
The Entertainment Zone (the first of its kind in SoCal) now allows drinking alcohol outdoors along the Third Street Promenade.
Goldenvoice (the team behind Coachella) is producing a new annual beachfront music festival adjacent to the Santa Monica Pier starting fall 2026.
Early private sector movers, including a Bay Area biotech and an AmLaw 125 law firm, are already planting flags.
New restaurants are opening and reporting strong sales.
Still work to be done.
But the foundation is being laid, the momentum is real, and the 2026–2028 global events cycle (World Cup → Super Bowl → Olympics) gives the city a massive tailwind.
Worth watching 👀
Dion Noravian retweeted
Like many other cities, L.A. funds NGOs to give money, paraphernalia, and even drugs to mentally ill addicts living on the street. They do so under the Big Lie that they're "helping the homeless." Bravo to Trump for trying to end such immoral policies.
newsnationnow.com/politics/t…
Dion Noravian retweeted
RAND found that LA's 'mansion tax' has reduced large apartment construction by ~30% since 2023 and has cost local, county, and state agencies $452M in revenue.
Tenants in buildings that paid measure ULA taxes saw rent increases.
Dion Noravian retweeted
THIS IS SPENCER PRATTS SOLUTION TO THE HOMELESS DISASTER. IT SHOULD BE EVERYWHERE. FROM ABSURDISTAN TWO YEARS AGO.
"For instance, San Antonio, Texas solved its homeless problem. In 2006 the then mayor, Phil Hardberger, after calling on the business community for help, was approached by one of the richest men in the city, Bill Greehey, and together they marshalled the 184 partner organizations in the city that worked with the dispossessed, formerly operating in silos, and by 2009, built an encampment called Haven for Hope which holds 2000 homeless. There, the homeless, addicted, the mentally ill are given all the tools they need to climb down from addiction, rebuild their psyches and their lives. 90% graduate from their three year program and do not return to the streets."
Dion Noravian retweeted
AB 2074 would require LA, SF, San Jose, San Diego, Oakland, Sacramento, and Long Beach to streamline the development of high-rises near regional transit hubs such as downtown areas.
A state loan fund would help cover construction costs.
connectcre.com/stories/assem…
Dion Noravian retweeted
Onni Group plans twin 67-story towers at 5700 Wilshire Blvd.
la.urbanize.city/post/onni-g…
Dion Noravian retweeted
Let’s talk about the mental health diversion law passed by our glorious CA legislature and signed into law by the Governor:
Criminals who commit child abuse, domestic violence, attempted murder, torture, robbery, home burglary, elder abuse and many other crimes are eligible.
The defense gets to come up with the treatment plan which can be out-patient (it does at some point need to be approved by the judge). There’s no probationary supervision. The defendant gets released from custody right away back into our community. After 2 years - the defendant gets the case dismissed and the arrest removed like it never happened.
Once the case gets dismissed, the victim gets no protective order and there are no firearms restrictions - so if any firearms were removed from the defendant or his/her home, the defendant gets them back.
What type of mental disorders qualify: anxiety; depression; alcohol abuse; meth addiction; heroin addiction; fentanyl addiction; marijuana addiction; adjustment disorder; almost anything mentioned in the DSM as a mental health disorder.
Whatever mental disorder they choose, the law says it’s “presumed” that the disorder is a significant factor in the commission of the crime. The prosecution then has the burden to disprove this by clear and convincing evidence (which is nearly impossible to show).
So, clearly CA is against protecting children, DV victims, the elderly and the community at large. And CA isn’t concerned with unstable people who commit crimes having firearms if their case is dismissed through mental health diversion. So, basically all our electeds are against public safety.
What should happen: mental health diversion has an important place in our criminal justice system. However, many of these violent crimes need to be excluded from this law. It needs to be in-patient treatment with actual supervision to protect the public. The victim must also have rights - to be able to get a criminal protective order and restitution, and firearms restrictions must be applicable. Lastly, the defense should have the burden to prove the mental condition was a significant factor in the crime, not the prosecution having the burden to disprove that. How about pro-victim, pro-public safety legislation for once.
Dion Noravian retweeted
ONE OF THE GREATEST TO EVER PLAY OUR GAME 🤴
What a legendary career it has been for Anze Kopitar!
Wishing you all the best in retirement, Kopi!
ALT Multiple large cutouts of Anze Kopitar in Kings uniforms. There is also a photo of a Stanley Cup, Lady Byng Trophy, Selke Trophy, Mark Messier Leadership Award.\n\nText in the top left reading \u201CStanley Cup (2012, 2014), Lady Byng Trophy (2016, 2023, 2025), Selke Trophy (2016, 2017)\u201D\n\nText in the top right reading \u201CMark Messier Leadership Award (2022), 1,521 games played, Most in Kings history. 1,316 points, Most in Kings history.\u201D\n\nAt the bottom is text reading \"Thank you Anze Kopitar\"