Last week, I was part of a panel at an event hosted by the CCIM – Greater Los Angeles Chapter in Hollywood. CCIM is a national commercial real estate group.
At the event, a number of real estate reporters shared with CCIM members what we look for when it comes to stories and covering the recent wildfires, as well as major industry trends.
David Waite, an attorney at Cox Castle & Nicholson, also gave a presentation at the event discussing various regulations affecting the real estate industry as well as executive orders related to rebuilding after the devastating fires that ravaged various communities in Los Angeles last month.
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Since the wildfires started, the California Community Foundation, based in downtown, has raised $50 million in relief funding from more than 36,000 donors.
The nonprofit has already deployed more than $20 million in aid.
Half of all funds raised will be given to immediate relief, while the rest will be used on long-term rebuilding efforts.
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Last week Gov. Gavin Newsom launched LA Rises, a recovery initiative bringing together private and public sector leaders to support rebuilding efforts in Los Angeles. Los Angeles Dodgers Chair Mark Walter, basketball legend and civic leader Earvin “Magic” Johnson and LA28 Chair and President Casey Wasserman were tapped to lead LA Rises.
Walter, the Mark Walter Family Foundation and the Los Angeles Dodgers Foundation have provided an initial commitment of up to $100 million for the new effort.
“Los Angeles will rise again – stronger, more united and more resilient than ever,” Newsom said in a statement. “Just as California came together to fight the fires, we’ll work together to rebuild. . . we’ll tap into the enormous creativity, experience and resources of the private sector, alongside local, state and federal efforts, to deliver a recovery that benefits all Angelenos.”
