Real Estate Speculator Ty Durekas Buys Tenderloin Building: Evicts Everyone on Site, Sparking Rally

About 50 angry residents and housing activists gathered in the courtyard of 741 Ellis yesterday  to protest the evictions of the building's section 8 tenants by new landlord Ty Durekas. According to Fred Sherburn-Zimmer of the Housing Rights Committee, Durekas bought the building on December 3, 2013.

On February 11, 2014, Durekas began serving 90-day eviction notices to the tenants, all of whom are Section 8 Asian immigrants.

Section 8 was paying an average of $1,200 per month for each of the building's 9 units. Durekas is currently advertising the units for $4,350 per month on Craigslist before they've even been vacated. Durekas, it appears, bought the building specifically to empty it out and triple the rents.

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