Jessica Goodheart

Jessica Goodheart is Capital & Main’s senior business reporter. She has written for the Los Angeles Times, the L.A. Reader, and UPI, among other publications. Prior to joining Capital & Main, she worked at the L.A. Alliance for a New Economy, where she served as research director.

Recent Articles

Blackstone Spends Huge to Kill California Rent Control

Much of the $65 million campaign against the state’s rent-control initiative comes from giant private equity firms and real-estate investment trusts.

(Photo by Jessica Goodheart)
Capital & Main is an award-winning publication that reports from California on economic, political and social issues. The American Prospect is co-publishing this piece. One of California’s most hotly contested ballot measures, Proposition 10, would repeal the 23-year-old Costa-Hawkins Rental Housing Act that restricts a city’s ability to apply rent control to post-1995 construction and exempts single-family homes from regulation. Proposition 10’s opponents claim it will worsen the state’s housing crisis, which has left teachers, blue-collar workers, and retirees struggling to keep roofs over their heads . To that end, the No on Prop 10 campaign has deployed an ensemble of small property owners, nonprofit housing developers, and veterans as spokespeople against the measure. However, topping the list of No on Prop 10’s big donors are some of the country’s largest landlords—many funded by Wall Street investment dollars—whose bottom...