Council member Paul Koretz and a Metro train at Union Station Los Angeles elected officials are starting to push back against a sweeping statewide bill that would allow dense residential development near transit in order to alleviate the housing crisis. Senate Bill 50 would allow four- to five-story multifamily buildings within a half-mile of a […]
Miami’s antiquated permitting system gets a reboot, but developers remain wary
Miami Riverside Center at 444 Southwest Second Avenue (Credit: Google Maps and iStock) Being a developer can take a good amount of patience, but in Miami that virtue has long been put to the test. Initial approval for a commercial or residential project can take between six months to a year. Physical plans are carried […]
LA school board proposes tax on commercial, resi property owners
LAUSD Board of Education President Monica Garcia There may be a housing shortage in Los Angeles, but another key issue is overcrowding in the public school system. For that particular problem, the Los Angeles Unified School District wants property owners to pay up. The city’s board of education is pushing for a ballot question that […]
When it comes to Opportunity Zone sites, investors say buy now, plan later
A map of opportunity zones (Credit: Enterprise Community Partners and iStock) The rush to buy Opportunity Zones sites has already begun, but then what? Investors have started buying up properties and vacant land in designated Opportunity Zones sites around the country, even though some have no set plan about what they will build, according to […]
Amazon walks away from 722k sf lease for Seattle’s Rainier Square
Jeff Bezos is backing his company out of a massive real estate deal in downtown Seattle (Credit: Getty Images) Amazon is walking away from another huge real estate deal, this time in its hometown of Seattle. The e-commerce giant is cancelling a 722,000-square-foot lease for the entirety of Wright Runstad & Company’s 58-story Rainier Square […]
In testimony, Michael Cohen says Trump inflated real estate values to Deutsche Bank
Michael Cohen is sworn in before testifying before the House Oversight Committee on Capitol Hill (Credit: Getty Images) At a congressional hearing in Washington, D.C. on Wednesday, former Trump Organization attorney Michael Cohen testified that President Trump purposely inflated the values of his New York real estate holdings in order to obtain a loan from […]