Seal Beach
Seal Beach, CA · Business
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Sourcing Journal
Third Extension Buys More Time for Labor Negotiations at LA-Long Beach Ports
Labor negotiations for security workers at the Ports of Los Angeles and Long Beach have been extended for the third time, again pushing back the possibility of a strike at the twin gateways. LA-Long Beach Watchmen Strike Delayed Again as Talks Run to Friday The Pacific Maritime Association (PMA) and the Local 26 branch of the International Longshore and Warehouse Union (ILWU) have agreed to extend their contract through Nov. 20, with additional talks scheduled during that period. The negotiation deadline for a new contract was initially pushed back from Nov. 1 to Nov. 4, before being delayed a second time to Nov. 6. While the union representing the security guards has not commented publicly on the negotiations, the PMA said it “remains committed to reaching a fair agreement at the bargaining table that avoids disruption at the nation’s two busiest ports.” The roughly 250 port watchmen have been working under a contract extension since the deal between the local union and the PMA expired last July. Despite the parties meeting regularly for talks, according to the association, there has been no progress on a deal. The guards operate under a separate contract from the rest of the ILWU dockworkers
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rolling out
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ACC Closes on $191 Million Financing for 1,065-Bed On-Campus Development at UC Irvine
Irvine, Calif. — American Campus Communities (ACC) has closed on $191 million in financing for a 1,065-bed student housing development on the University of California, Irvine (UC Irvine) campus. The project is being developed in partnership with the Collegiate Housing Foundation, which will serve as the community’s owner, borrower and lessee. The development is scheduled for completion in fall 2028 and will span 387,000 square feet across two buildings. The community will offer 308 fully furnished units in studio through four-bedroom configurations designed to target undergraduate students. Shared amenities are set to include dedicated study areas, indoor social lounges, furnished outdoor courtyards, bicycle storage and laundry facilities. The development team for the project, which is targeting LEED Gold certification, includes KTGY and Benchmark. The partnership between ACC and UC Irvine spans 25 years and will include the delivery of 8,700 beds upon completion.
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KTLA
Southern California Gas looks to raise rates