Douglas Emmett Tenants

Support maintenance engineers fighting for a UNION! Pinned Post!

Posted: April 22nd, 2019

Engineers at Douglas Emmett properties in Los Angeles make the city work. They voted to stand together in a union so they’d have a voice. A voice for better pay. A voice for safety on the job. A seat at the table when the company makes decisions that affect workers and their families.

But Douglas Emmett is defying these workers’ federal right to join a union and bargain collectively. The company is engaging in union-busting, plain and simple.

Tagged: Tenant Issues - Health, Safety & Maintenance

UPDATE: Ford v Douglas Emmett

Posted: May 13th, 2019

DE-Tenants.org is updating a lawsuit we previously reported. On May 10, 2018, Anthony W. Ford filed a class action lawsuit against Douglas Emmett Management, LLC. In the lawsuit, it is alleged that Douglas Emmett systematically refused to pay wages for overtime work, failed to provide legally mandated meal and break periods, and failed to reimburse employee expenses. However, due to a disastrous ruling by the right-wing U.S. Supreme Court, Anthony Ford and other employees will never have their day in court because their claims must be settled individually in closed-door arbitration.

Tagged: Tenant Issues - Lawsuits

Download Santa Monica Rent Data

Updated: February 4th, 2019

The data, downloadable in Excel format, allows tenants to compare their rent to their peers in similarly sized units using the sorting function. The data include a unit-by-unit breakdown with all rents, utilities, parking spaces, move-in dates and rate hikes. This information is publically available and is intended to help tenants make informed decisions as they navigate Santa Monica’s overheated real estate market. The information helps to level the playing field with your landlord who relies on the asymmetry of information (they know all the rents but you only know yours) to extract as much money as possible from you.

Tagged: Tenant Issues - Rent Control Data

Santa Monica Rent Control

Updated: February 4th, 2019

Santa Monica’s rent control ordinance dates back to 1979, and it has undergone significant revision since 1995. Santa Monica’s rent control ordinance works by limiting annual rent increases during your tenancy. The initial rent agreed to at the beginning of your tenancy establishes your base rent. Subsequently, when you renegotiate your annual lease and associated rent increase, the ordinance limits the maximum permissible rent increase and specifies the Maximum Allowable Rent (MAR). When a tenant vacates the unit, the landlord can return the rent amount to market levels.

Tagged: Tenant Issues - Rent Control Data

Douglas Emmett Inc. Renews Executive Contracts

Posted: January 23rd, 2019

Three executives at Douglas Emmett Inc. have received renewed 5-year employment agreements. The Los Angeles-based real estate trust’s chief executive officer, chief operations officer and chief investment officer all received generous contracts extending their employment until 2023 even though the company pays many of its skilled engineers minimum wage to live in one of the country’s most expensive cities.

Tagged: Tenant Issues - Health, Safety & Maintenance, Tenant Issues - Executive Compensation

DE Quarterly Dividend

Posted: January 4th, 2019

On 6 December 2018, Douglas Emmett Inc. announced that its Board of Directors had declared a quarterly cash dividend on each share of its common stock of $0.26, or $1.04 on an annualized basis. The dividend will be paid on January 15, 2019, to shareholders of record as of December 31, 2018. This represents a 4% increase over the company’s prior 2018 quarterly dividend of $0.25.