Steven Scheibe

Real Estate Professional - Co-Founder of Generation Real Estate Partners LLC

[Steven Scheibe @stevenscheibe]

@CohenSite @moseskagan @_lej44 Will this come with other conditions though ? Like backup and turn around requirements still being needed ? Or is this fix just for access on site to like a rear yard parking lot/garage?

[Steven Scheibe @stevenscheibe]

@CohenSite @tobyhardtospell ARG recommended these goofy requirements? That’s surprising.

[Steven Scheibe @stevenscheibe]

@porksouvla20069 @CohenSite Interesting thought.

[Steven Scheibe @stevenscheibe]

@CohenSite @LA_Multi_Fam

[Steven Scheibe @stevenscheibe]

@FNiculete @tuviagroup @kevinzarabi @RaminGREP 60-90 days would be fast !

[Steven Scheibe @stevenscheibe]

@JulieChangRE @CohenSite This was from when our team was actively listing it prior to purchase by the city. You are required to post listings in order for LAHD to start income certification process. Checking why they are still active on there.

[Steven Scheibe @stevenscheibe]

@moseskagan @CohenSite @JulieChangRE You need to be factoring in the ability for the city to place voucher based tenants in these units. We had started leasing and had tenants in the $2,800-3,100 range for vouchers.

[Steven Scheibe @stevenscheibe]

@CohenSite @JulieChangRE Debt obligation was just under $8m at time of payoff and equity raise was a bit under $3.5. Hard costs with overhead around $6m. Land as stated. Soft costs the remainder.

[Steven Scheibe @stevenscheibe]

@streetsforall @tobyhardtospell Great video. How can the city change process to reduce cost ? There Has to be some particular driver of this ?

[Steven Scheibe @stevenscheibe]

@JMGregorchuk @CohenSite Permits, planning apps, referral forms, housing dept reviews. Everything went up materially recently.

[Steven Scheibe @stevenscheibe]

@mnolangray Very much disagree. We build and hold and would much rather know the upfront challenges of building than getting rug pulled on you when you are in the hold phase.

[Steven Scheibe @stevenscheibe]

@MrVegemite @CohenSite Yes that’s the intention for the space.

[Steven Scheibe @stevenscheibe]

@CohenSite Take a look at that rear yard setback and think about what else that provides

[Steven Scheibe @stevenscheibe]

@markasaurus @CohenSite On grade podium yes

[Steven Scheibe @stevenscheibe]

@mottsmith Not happening. This policy is “come build more housing so we can take it from you at a discount since no one else will buy it”.

[Steven Scheibe @stevenscheibe]

@DRand2024 @CohenSite If they modify the inclusionary requirements of CT for SB79 sites then maybe you’ll see some activity.

[Streets For All @streetsforall]

🚨 Mayor Bass looks to delay K Line North while claiming she isn't 🚨

@MayorOfLA has drafted a motion that she claims will not delay the project, but could result in the project getting kicked back to 2041!

Read details and take action:
https://t.co/BBn8wKAb6q