RMC Funding

East Palo Alto’s Woodland Park apartments — a massive collection of more than 1,800 rent-stabilized units — are about to change hands in a blockbuster deal that puts a new landlord in charge of more than half of the city’s multifamily rental housing stock. See the news: http://www.bizjournals.com/sanjose/news/2016/02/16/exclusive-east-palo-altos-woodland-park-apartments.html

Equity Residential selling Woodland Park apartments in East Palo Alto to Sand Hill Property Co.... The deal for more than 1,800 rent-regulated units includes a portfolio of 101 buildings on 49 acres situated west of Highway 101, and adjacent to Palo Alto, arguably Silicon Valley’s most prestigious address.

California is home to more residential solar customers than any other state. News has it that regulators have agreed to retain a system that compensates users of rooftop solar panels for their excess electricity. http://www.nytimes.com/2016/01/29/business/energy-environment/california-narrowly-votes-to-retain-system-that-pays-solar-users-for-excess-power.html

California Votes to Retain System That Pays Solar Users Retail Rate for Excess Power Regulators extended a policy that has helped the expansion of rooftop solar power, adding fees for future users but rejecting changes sought by big utilities.

Did you see last week's announcement from Hyperloop Transportation Technologies that it’s filed official paperwork with Kings County, California, to start construction of a test track in Quay Valley for later this year? What an innovative project! We can't wait to hear more.

Hyperloop Transportation Technologies Breaks Initial Ground To Make Elon Musk's Hyperloop A Reality Plans to construct the beginnings of Elon Musk's Hyperloop are now underway in Quay Valley, California. Hyperloop Transportation Technologies (HTT) announced plans for a 5-mile test track late last year and is about to break ground on an initial framework for what HTT CEO Dirk Ahlborn hopes will become the U.S. transportation infrastructure of the future.Musk first proposed the Hyperloop, a vacuum tube intended to speedily shoot passengers at 800 mph from city to city, in 2013. The idea was to create a mechanism of transportation that could get folks from San Francisco to Los Angeles in under 30 minutes.But Musk was a busy man, managing both Tesla and SpaceX, and left building plans up to others.HTT is one of two startups to take on the task since then. Ahlborn assembled a team of volunteer engineers and scientists shortly after Musk put forth the idea, offering equity in the company instead of pay ...