- Report: #297393
Complaint Review: Page Mill Properties - Palo Alto California
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Page Mill Properties
480 Cowper Street, Second Floor Palo Alto, 94301 California, U.S.A.
Phone:
650-833-3800
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Page Mill Properties greed and increased rent causes the poor to become poorer Palo Alto California
Page Mill Properties has recently sent a 30 day notice increasing rent to approximately 1400 apartment units in East Palo Alto to drive them out.
These people are mostly poorer families, that live 3-6 people to a one bedroom apartment. Many are single parents, have more than one job, and can barely afford to get by as it is. Rents were raised by 9-49%.
The city's rent control laws state that rent may only be raised 3.2% per year. Although the city does issue maximum rent certificates which shows the maximum rent for each unit, Page Mill Properties has ignored that and based off the maximum increas level. And then threatened to sue the city if they were to interfere with their plan.
This isn't just 1400 units, it's about 4500+ PEOPLE.
CEO David Taran spoke at city council meeting attemping miserably to show all the good that his company has done. In an already over priced Bay Area, East Palo Alto is one of the last low cost places to live.
David Taran and his team of stuffy lawyers explaining all the good and justification that they were doing.
Hiring security, to protect their investments.
Installing energy saving appliances, so that the landlord could have a slightly lower utility bill.
Improving aesthetics to increase investor confidence.
Then in the meeting, he further insulted our intelligence by insulting the crime rate and that he's trying to help. People don't want crime, but they put up with it for low cost housing.
Page Mill Properties thinks it's OK to send out these rent increases at christmas. It costs nearly 3 months worth of rent to move to a new location, and these people don't have that kind of money.
When you think it's ok to make thousands of people miserable who don't have money so that you can make millions on top of whatever you already have, you are a supreme waste of a human being.
When you work extremely hard, sometimes 2 jobs, and it's still not enough to get by to support yourself or your family, the last thing you need is this guy justifying himself.
Merry Christmas Page Mill Properties!
Pagemillgreed
E Palo Alto, California
U.S.A.
These people are mostly poorer families, that live 3-6 people to a one bedroom apartment. Many are single parents, have more than one job, and can barely afford to get by as it is. Rents were raised by 9-49%.
The city's rent control laws state that rent may only be raised 3.2% per year. Although the city does issue maximum rent certificates which shows the maximum rent for each unit, Page Mill Properties has ignored that and based off the maximum increas level. And then threatened to sue the city if they were to interfere with their plan.
This isn't just 1400 units, it's about 4500+ PEOPLE.
CEO David Taran spoke at city council meeting attemping miserably to show all the good that his company has done. In an already over priced Bay Area, East Palo Alto is one of the last low cost places to live.
David Taran and his team of stuffy lawyers explaining all the good and justification that they were doing.
Hiring security, to protect their investments.
Installing energy saving appliances, so that the landlord could have a slightly lower utility bill.
Improving aesthetics to increase investor confidence.
Then in the meeting, he further insulted our intelligence by insulting the crime rate and that he's trying to help. People don't want crime, but they put up with it for low cost housing.
Page Mill Properties thinks it's OK to send out these rent increases at christmas. It costs nearly 3 months worth of rent to move to a new location, and these people don't have that kind of money.
When you think it's ok to make thousands of people miserable who don't have money so that you can make millions on top of whatever you already have, you are a supreme waste of a human being.
When you work extremely hard, sometimes 2 jobs, and it's still not enough to get by to support yourself or your family, the last thing you need is this guy justifying himself.
Merry Christmas Page Mill Properties!
Pagemillgreed
E Palo Alto, California
U.S.A.
1 Updates & Rebuttals
Jeff
Sunnyvale,California,
U.S.A.
Page Mill Properties Hidden Agenda (Redevelopment)
#2Consumer Comment
Mon, January 07, 2008
Yes, David Taran and Page Mill properties are rising rents, but not to make more money on a monthly basis, but to redevelopment the area. The specific area they are targeting is in East Palo Alto, west of 101, between University and Cooley Avenue. That area in particular is zoned by East Palo Alto for "General Commercial" which means they could build buildings there up to 225 feet (about 15 stories), similar to University Circle and the Four Seasons. Right now it is full of single- and multi- unit properties, and in 1999 the zoning was changed by the City from medium and high density housing to general commercial. By rising rents, Page Mill Properties is hoping to reduce the tenant population. A reduced tenant population will make the relocation fees ($20,000 - $60,000) per tenant less, thus saving millions! Just look back at the pay-out from Home Depot to the tenants that were there across the freeway, it was about $60,000 per tenant:) At that rate Page Mill could save 6 million dollars for every 100 tenants that move because of rent increases! Long term rental increases are small potatoes compared to a large scale redevelopment effort. By mapping the real estate purchases of Page Mill Properties over the last two years a clear pattern emerges of their redevelopment plans. Yes they want to make the West Side of EPA, non-low-income:) Get ready, first Page Mill Properties will scramble to try and save face with the rent increases, then in about 6-18 months will submit their plans for redevelopment to the City. With all the money they have invested, I am sure they already have redevelopment plans and complete models of the new buildings in their offices behind the curtain.
