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Facebook is donating $1 billion during the coming decade for California affordable housing, on the heels of Google's announcement earlier this year of a $1 billion housing stipend to help with the affordability crisis.
Revenue for the 2019 third quarter surpassed the $213.5 million in third quarter 2018, and operating income for the quarter totaled $27.3 million versus $21.5 million in the prior year third quarter.
A joint venture was attracted to the Vistana due to the growth of downtown from the newly opened Frost Tower to the pending expansion of the UTSA campus and the reopening of the Alameda Theatre.
Gavin Newsom recently signed into law a bill to create a state historic tax credit of 20% of qualified rehabilitation expenditures, with an increase to 25% of QREs that meet certain criteria, i.e. affordable housing.