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OTAY MESA, Calif. (KGTV) - A housing development going up in the South Bay could be giving San Diego renters a better chance to become homeowners.That's because the attached homes that comprise the Playa del Sol master plan community in Otay Mesa start from the high 0,000s, which is just above the median price for the area. "This is an opportunity for the first-time home buyer," said Jimmy Ayala, division president for Pardee Homes, which is developing the community. The development, with some phases already complete, will ultimately grow to 800 units, all with two or more bedrooms. It's located just north of the 905 freeway at Caliente Road. RELATED: Making it in San Diego: Key saving steps helped renter buy her first homeAyala says the market has cooled in the last two years, and lower interest rates have helped turn renters into buyers. He says Pardee has its own mortgage company, so it is able to work with buyers who may not have a large amount of cash for a down payment. Ayala says typical monthly payments range between ,600 and ,200 a month, and most people put 5 to 10 percent down. "In this general vicinity, there's about 2,000 homes that are currently being rented and we draw from those folks who are cash flowing, so to speak, on a monthly basis but don't always have a down payment for a home," Ayala said. RELATED: Making It In San Diego: How housing got so expensiveAyala said currently there are two units available in the high 0,000s but that most are on the market 0,000s. The HOA fees for the complex run about 5 per month. Heather Evans, who is paying ,200 a month for her daughter to rent a room near Mesa College, said several of her relatives feel buying is out of reach. "I'd love to see her be a homeowner someday but I have nieces in the area, early 30s, that are renting," she said, adding her niece and her nieces husband pay ,000 a month for a one-bedroom apartment. Ayala said the homes are priced to market. The properties Pardee is selling in East County are available for 0,000 to 0,000, while those in Coastal North County are on the market for million to .5 million. Need more help? The San Diego Housing Coalition and San Diego County have resources to help first-time home buyers. 2272
PepsiCo CEO Indra Nooyi, one of the most prominent women to lead a Fortune 500 company, will step down on Oct. 3.She will remain as chairwoman of the board of directors until early 2019. Nooyi, 62, will be replaced by Pepsi's global operations chief Ramon Laguarta, 54.Nooyi, who was born in India, is one of a handful of people of color to lead a Fortune 500 company.She helped turn Pepsi into one of the most successful food and beverage companies in the world. Sales grew 80% during her 12-year tenure. She spearheaded Pepsi's transition to a greener, more environmentally aware company.Nooyi has been with Pepsi for 24 years. Before becoming CEO she led the company's expansion through acquisitions, including its 2001 purchase of Quaker Oats Co. She earned million last year, and million over the last three years, according to company filings."Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," she said.Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. Just more than a year ago there were 32 women leading Fortune 500 companies, meaning that the number of women in top jobs at the nation's largest companies has dropped by more than 20% in just over a year.Since the middle of last year several high-profile female CEOs announced they were stepping down last year, including Marissa Mayer at Yahoo, Irene Rosenfeld at Mondelez and Meg Whitman of Hewlett Packard Enterprise.Related: Why it matters so much every time a woman CEO leavesLaguarta, Nooyi's successor, has served as president of PepsiCo since September 2017, overseeing global operations, corporate strategy, public policy and government affairs. Laguarta is also an immigrant, having been born in Spain. He had previously been CEO of the European and sub-Saharan African unit of Pepsi before being named the company's president.Nooyi praised her successor, calling him "exactly the right person to build on our success."Pepsi's stock lagged the broader market in recent years, and it has trailed rival Coca-Cola. Shares are down 1.5% this year, compared to a 5% rise in the S&P 500 index. Shares of Pepsi were slightly higher in pre-market trading.Americans' growing distaste for sugary sodas has hurt both Coke and Pepsi. In 2014 activist investor Nelson Peltz pushed for Pepsi to spin off its snack business as a separate company. But Nooyi was able to fight off calls to break up the company..-- CNNMoney's Paul R. La Monica and Julia Carpenter contributed to this report.The-CNN-Wire 2608
Police in Italy says an Austrian tourist has been accused of breaking off multiple toes of a statue in an Italian museum.According to a Facebook post by the Carabinieri police, which is located in Treviso, Italy, the tourist allegedly damaged "three fingers of the right foot of a plaster model of the statue 'Paolina Bonaparte as Venus Victorious'" on July 31 at the Gipsoteca Antonio Canova museum. 408
PHILADELPHIA, Pa. – From China to Egypt and beyond, the halls of history span the globe.Yet, it’s been lonesome lately in those halls at some of the 35,000 museums across the country.“We, of course, wanted to reopen as soon as we could and safe a manner as we could,” said Melissa Smith, CEO of the Penn Museum in Philadelphia.It’s one of the few major museums to recently reopen to visitors, after coronavirus restrictions forced them to close their doors for months.“For the most part, it's business as usual with our exhibits,” Smith said.First, though, a task force of 35 museum employees needed to figure out what changes might be needed.“We had to look at a number of things,” Smith said.Among the changes: masks are a must, hand sanitizing stations are now located throughout the museum, clear partitions were installed to protect staff who interact with visitors and benches were marked off, so people can sit socially-distanced.Also, arrows now line the stairs and floors, carefully choreographing how visitors move through the exhibits.“They asked us to follow the arrows and it kind of was a different museum experience, but also I think very helpful, just because there wasn't any confusion,” said museum visitor Soheil Eshghi.There are a few other changes, too: some of the exhibits around the museum have touchscreens, so visitors can dig a little deeper into what’s on display and learn more. The museum is now giving out a disposable stylus to visitors, so they can safely use the touchscreens.Visitors said they don’t mind the changes and are just happy for the chance to come back.“I think that’s one of the things that I've been missing the most since all this shutdown started happening,” said Camille Lawhead, who was visiting the museum.Now, visitors no longer need to be missing it. 1813
PHOENIX, Arizona — Aaron Wallace was sleeping when he was attacked in his bed.The patient at the Arizona State Hospital was stabbed by Reuben Murray, a fellow patient with a murderous past, who was wandering the halls unsupervised in the middle of the night with a sharpened pencil, according to a recent lawsuit filed against the state.The lawsuit raises new questions about safety and security inside Arizona’s only public psychiatric hospital and whether conditions have improved after sweeping changes and promises were made following an extensive KNXV television station three years ago. The lawsuit also alleges warnings about Murray’s aggressive behavior were ignored in the days before the stabbing.“The place is not better,” said Josh Mozell, an attorney representing Wallace. “Things have not changed. And for our clients, it’s becoming more dangerous.”The director of Arizona’s Department of Health Services, Dr. Cara Christ, did not answer specific questions about the stabbing, citing patient privacy laws.But in a written statement, Christ said the safety and well-being of patients are of “paramount importance.” [Read the full statement at the bottom of the page]Wallace was stabbed on October 3, 2017, and he filed a lawsuit against the state in October this year. The case is being brought by Mozell and fellow attorney Holly Gieszl, who collectively represent many individuals with mental illness.Some of the significant claims from the lawsuit: 1483