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Los Angeles

Skid Row receiver resigns, prolonging formerly homeless tenants’ turmoil
By Liam Dillon, Doug Smith, 1 day ago
Los Angeles Times
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The main entrance of Sanborn Hotel Apartments, owned by Skid Row Housing Trust, in March. (Irfan Khan / Los Angeles Times)
Mark Adams, the receiver overseeing 1,500 Skid Row tenants, submitted his resignation Thursday, ending a tumultuous three-month tenure that failed to stabilize the neighborhood’s largest portfolio of homeless housing while saddling the properties with millions of dollars in additional debt.

Adams resigned at the request of Los Angeles Superior Court Judge Mitchell L. Beckloff near the end of a two-hour hearing, with Beckloff deciding that disputes between Adams and city officials were overwhelming the enormous task of managing 29 properties owned by the nonprofit landlord Skid Row Housing Trust.

Mayor Karen Bass and City Atty. Hydee Feldstein Soto had recommended Adams to manage the trust’s portfolio .

Feldstein Soto heralded Adams, one of the most experienced receivers in the state, as singularly qualified to stabilize the properties and finance repairs so that other affordable housing providers could take them over.

But she admitted that amid the urgency of the trust’s problems, her office did not fully vet his resume. Feldstein Soto and other city leaders said they’d lost confidence in Adams as troubles overseeing the properties escalated over the last month.

“It seems to me that maybe a fresh start is the way to go,” Beckloff said.

Beckloff’s hands were tied in part by a City Council decision this week to provide $10 million in new financing only on the condition that Adams be ousted . With Adams’ receivership essentially out of money due to weeks of squabbling over raising funds, the judge determined the city’s plan was the most responsible way to continue paying for needed upgrades and repairs.

City officials hope that the financing will cover unpaid security and other bills Adams has racked up while providing Kevin Singer, the replacement receiver Beckloff approved Thursday, with enough dollars to manage the trust’s properties for at least four more months.

Adams’ tenure has prolonged the turmoil facing the trust’s formerly homeless tenants, who have lived through years of mismanagement and financial disarray while conditions in the buildings steadily worsened. In April, with the trust unable to pay its bills and residents reporting absent security and property management, broken doors, windows and plumbing, and widespread trespassing and drug abuse, Beckloff appointed Adams at Bass’ and Feldstein Soto’s request.

Soon after, a Times report detailed prior cases under Adams’ receivership in which property owners lost their homes, tenants were left at risk of eviction and he overbilled by six-figure amounts.

The city’s problems with Adams first emerged at a court hearing last month. He had borrowed $1.3 million for trust operations and upgrades at 15% interest, which the city said violated a pledge to secure loans only with interest rates lower than 10%.

The next week, the property management firm Adams hired issued 451 eviction notices to tenants who did not pay rent in May. One tenant was told he owed $56, and many others had been exempted from payment because of their units’ deplorable conditions. Feldstein Soto deemed all the notices illegal under city law.

Adams has said the notices were sent without his knowledge, and he rescinded them in letters to tenants.

Since then, city officials have complained that Adams does not provide them with detailed financial information and that repairs have been slow or nonexistent. The number of properties with malfunctioning fire and safety equipment has more than doubled since Adams took over the portfolio, necessitating costly 24/7 security guards, Feldstein Soto told a council committee this week.

Adams pushed back on the city’s claim that fire safety has deteriorated under his tenure, saying that almost all the buildings had problems before he was appointed.

In court papers filed this week, he said city officials were scapegoating him for their failures in allowing the trust’s portfolio to degrade and intentionally starving him of cash . The city’s conditioning financial support on his replacement, he said, was akin to holding trust residents hostage while critical security services and emergency repairs went unfunded.

“Candidly, the City’s actions may end up costing lives,” Adams wrote.

Initially, Adams called on Beckloff to order the city to provide him with the $10 million in financing. But on the eve of Thursday’s hearing, Adams filed a declaration saying he had reached terms with Avatar Financial Group, a Seattle-based private real estate lender, on a $12-million loan at a 15% interest rate with an additional $800,000 upfront fee.

In court Thursday, Adams continued to point to lack of funding as the primary issue facing the receivership and said he was sure he could finish the job if he had access to the money.

“To say that the lack of funds is a problem is an understatement,” Adams said. “Because it is the problem.”

Beckloff seemed to agree with Adams, repeating praise he had offered at previous hearings that Adams was well qualified for the role. The judge also stated that he had no problem with Adams’ work and hadn’t found any wrongdoing.

Managing the trust’s properties was such a tall order that Beckloff said he wasn’t sure anyone could be handling it better.

But the judge determined that the city’s financing scheme, which carries an interest rate of up to 3%, was the best path forward.

“It’s become a situation where I have the city in one corner and the receiver in another and I have a lot of people around the ring,” Beckloff said. “But at the heart of it are 1,500 people who are at risk of becoming unhoused.”

How much it will cost to repair the trust’s portfolio and who will be on the hook for the bills remain open questions.

Receiverships typically pay for repairs and the receiver’s fees by tapping properties’ equity or using proceeds from a property sale or increased rents. But the trust is on the brink of insolvency, federal and local restrictions prevent tenants’ rents from ballooning, and, amid a homelessness crisis, city leaders are desperate to preserve low-cost housing.

The $10-million loan comes from a city affordable housing program. City leaders told council members this week that they ultimately expected to be repaid as properties were spun off to other entities, but that city and other public subsidies would probably have to cover at least some of the debt.

City officials and Singer, who appeared virtually in court Thursday, developed the new $10-million budget by projecting that more than half of the trust’s affordable housing complexes — the newer and more valuable properties — would be transferred to other nonprofit housing providers over the next few months. Already, Beckloff has approved the exit of six such buildings to PATH Ventures and another to LA Family Housing.

That would leave a dozen of the trust’s residential hotels, many a century old, and its other most dilapidated buildings remaining under the receivership.

“We’re most likely going to have to go back to City Council and request some additional funding after we’ve shown that we’ve made great accomplishments,” Singer said.

One major variable, city leaders said, remains unknown: what Adams’ tenure will cost. Adams had assigned 18 employees with hourly rates ranging from $151 to $465 for himself.

In court filings, Adams said that fees for his company, California Receivership Group, totaled $329,000 for April and May — not counting what is owed to the outside law firm, property management, security and other contractors he’s hired. City lawyers said in court Thursday they believed the total in outstanding bills was north of $3 million.

Feldstein Soto, who was not in court Thursday, has sought to assure council members that Singer will do a better job than Adams. At a council committee hearing this week, she cited a more thorough vetting of the new receiver’s nearly 500-case resume, his work in complex matters in San Francisco and his willingness to provide detailed information to the city about his progress.

“It’s very difficult to come and admit a mistake,” Feldstein Soto said at the hearing. “But I do think that part of our jobs is that if there’s a mistake, to correct it.”

This story originally appeared in Los Angeles Times .

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LOS ANGELES METRO BUS DRIVER STABBED IN BACK, SUSPECT ARRESTED
ISAI ROCHAJUNE 27, 2023
For the second time in less than a month, a Metro bus driver was stabbed in Los Angeles.

The June 22 incident occurred on the 1700 block of Main Street in Venice, with the driver stabbed in the back while checking the exterior of the bus.

LAPD identified the suspect as 60-year-old Mark Charbonneaux and made an arrest on-scene for assault with a deadly weapon.

The driver was transported to a local hospital and reportedly in stable condition for what police called an unprovoked attack with a 4-inch folding knife that was found and recovered by police.

On Monday, LAPD released a bulletin regarding Metro safety, saying it increased patrol car visibility near Metro properties over the years and focused on partnerships with mental health professionals.

“The Department remains dedicated to the safety and welfare of all MTA passengers and employees,” the bulletin said. “The goal of the LAPD is to deter criminal activity, maintain order, and enhance the safety and security on the system, while simultaneously addressing complex and challenging social issues by providing support and services to those in need within the transit environment.”

The stabbing occurred less than a month after a Metro bus driver was repeatedly stabbed in the chest by a 17-year-old rider in Woodland Hills. The driver was in critical condition and the suspect was arrested two days later.

After the May stabbing, LAPD Chief Michel Moore said he feared the possibility of copycat incidents.

“We’re always concerned that when you have an extraordinary event like this, that there may be others that may feel that it’s open season, or that there’s somehow an allowance for this,” Moore said in a statement. “I can only assure those that would feel that this is an opportunity for them, that there’s no such opportunity. There is zero tolerance for violence on a bus.”

In April, 25-year-old Luis Fernando Polita was stabbed to death outside a Metro Blue Line in Long Beach, with a man believed to be the third and final suspect arrested at LAX on June 20.

Advertising disclosure: We may receive compensation for some of the links in our stories. Thank you for supporting LA Weekly and our advertisers.

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Jobs

PayPal is hiring for a ton of remote jobs in the US, and get this—the salaries can go up to a whopping $280K/year!
6 hrs ago
David E.
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When it comes to remote jobs, PayPal stands out as a company offering impressive six-figure salaries to its employees. With corporate offices based in San Jose, California, PayPal is currently on the lookout for talented individuals across the United States to fill a diverse range of work-from-home positions. These roles span various departments, including finance, marketing, data input, and management.

While certain positions offer salaries as high as $287,000 per year, it’s important to note that individual earnings are contingent upon the specific role and previous work experience. Regardless, all PayPal employees are guaranteed a comprehensive benefits package, including healthcare plans, paid time off, family support, and other enticing perks.

Let’s explore some of the remote job opportunities that PayPal is currently hiring for:

1. Manager, Marketing

Salary: $159,058 – $216,040

Ideal Candidate: This role calls for a creative individual with a strong inclination towards social marketing and a knack for search engine optimization (SEO). As a Manager of Marketing, you would be responsible for creating global advertising campaigns aimed at reaching PayPal’s consumer base. The ideal candidate should possess a minimum of six years of experience in a similar marketing role.

2. Staff Machine Learning Engineer

Salary: $96,900 – $234,300

Ideal Candidate: If you hold a master’s degree and possess a passion for artificial intelligence, this staff position as a Machine Learning Engineer within the Global Analytics and Data Science (GADS) Organization might be an excellent fit for you. In this role, you’ll work with algorithms and data to enhance the user experience for PayPal customers on a daily basis.

3. Credit Portfolio Management

Salary: $64,000 – $156,750

Ideal Candidate: This management position is best suited for a team leader capable of overseeing business development and managing sales teams. While a degree is not required, having one would be preferred. Additionally, a minimum of five years of experience in customer operations, credit portfolio management, or related fields is desirable.

4. Director of Project Management Office

Salary: $120,300 – $287,100 Ideal Candidate: The role of Director of Project Management Office calls for an individual with strong leadership skills and a proven track record in project management. As a key executive, you’ll be expected to work closely with business units and functional teams to coordinate key capabilities and business outcomes, ensuring tangible value as outlined in the business case. A minimum of ten years of experience in a similar position is preferred.

In conclusion, PayPal presents an array of exciting remote job opportunities with the potential for substantial earnings. Whether you have a flair for marketing, expertise in machine learning engineering, a background in credit portfolio management, or extensive experience in project management, PayPal offers a diverse range of roles to match your skills and aspirations.

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Celebrities

Vanessa Bryant wins another lawsuit, this time against deceased husband’s former employee
By Francis Akhalbey, 13 hrs ago
Face2Face Africa
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Molly Carter, the former president of Kobe Bryant ’s business empire, would have to pay Vanessa Bryant $1.5 million in attorney fees after the deceased basketball legend’s wife won a lawsuit against her.

According to PEOPLE , Vanessa, 41, in the lawsuit accused the former Kobe Inc. president of making negative and racist comments about Kobe, as well as his family. Carter had also claimed that the deceased Los Angeles Lakers superstar had promised to award her a portion of his investment in sports drink company, BodyArmor; however, Vanessa claimed that wasn’t the case.

Vanessa claimed in the lawsuit that Carter “levied false claims against Mr. Bryant, and his company, immediately following his death,” and made other “offensive comments” about her late husband as well as his family and business .

On January 26, 2020, Kobe Bryant, 41, was on board the Sikorsky S-76B with his 13-year-old daughter, Gianna, alongside seven others, when the helicopter suddenly banked and plunged into the hills in southern California, Face2Face Africa reported at the time; there were no survivors.

In the court filing that was made at the Orange County Superior Court on Monday, Vanessa ’s lawyers asked a judge to give the green light for the ruling that an arbitrator made with regard to the money awarded to their client. Carter served as the president of Kobe’s business empire between 2015 and 2020.

The filing states that Kobe and Carter had been in the said dispute for many years and it persisted before he died. As previously reported by Face2Face Africa , Kobe’s estate became one of the biggest beneficiaries of Coca-Cola’s $5.6 billion purchase of BodyArmor. The ex-NBA star, while alive, first invested $6 million in the company in 2014 for a 10% stake, making him the third-largest investor at the time. Following the sale, the Wall Street Journal reported that the Bryant estate was expected to make $400 million.

Carter alleged that six months before Kobe died, he “verbally promised” to give her 2% of his earnings from his BodyArmor investment, per court documents, PEOPLE reported.

“Kobe Bryant never made any such promise,” the lawsuit filed by Vanessa states. “In reality, Carter repeatedly demanded an equity interest in BodyArmor, and Mr. Bryant continuously rejected all of her demands.”

The lawsuit also claims Carter’s request was even “scoffed” by Kobe during a certain instance, adding that the late basketball star was of the view that she did not “deserve” the money.

The lawsuit further claims that Carter failed to abide by her employee contract, as she made “offensive” and racist comments about Kobe and his family. “During his lifetime, Carter continuously complained about Mr. Bryant, and made numerous deeply offensive comments about him,” the filing states.

The filing also claims that Carter even described Kobe as “f—ing insane” and a “douche.” Carter is said to have asked a friend if one of Kobe’s newborn babies had “botox lips.” Besides that, Carter allegedly “complained” about a plane having “a lot of fancy a– black people” on board during a trip to an NBA All-Star game. Carter is also accused of repeatedly denigrating Chinese and Asian people.

The money awarded to Vanessa comes after Los Angeles County agreed to pay the widow $28.85 million to settle a lawsuit over photos that were taken at the scene of the 2020 helicopter crash that took the life of her husband and their daughter.

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Soccer player on trial for rape allegedly said he had sex with 10,000 women
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