(Credit: Wikimedia Commons, Pixabay) Amid a stagnant economy, a pension crisis and cuts to healthcare, Russian President Vladimir Putin has been planning massive development projects throughout the country to keep people from moving away. Some 80 percent of Russians live in cities, but they have been increasingly moving to the country’s bigger cities while smaller […]
Venezuela opposition leader spurs renewed interest among SoFla real estate investors amid turmoil
Nicolas Maduro and Juan Guaido (Credit: Wikipedia and Google Maps) As Venezuela descended into economic turmoil in recent years, real estate values plummeted and investors looked elsewhere, including to South Florida. Eventually, that too dried up, as the government’s grip tightened and the country grew more isolated. Now, as Venezuela’s opposition leader vies for control […]
Commercial real estate in the age of #MeToo
(Illustration by Hannah Barczyk) As West Coast senior vice president of development for Seritage Growth Properties, Kacy Keys has reached a level of leadership that women haven’t often achieved in Los Angeles’ commercial real estate scene. But the road to Keys’ powerful perch was not without substantial hurdles. “As a young woman in the business, […]
New Russia sanctions bill targets LLCs in real estate, again
From left: Lindsey Graham, Bob Menendez, and the Foreign Security Council, Take 2 (Credit: Getty Images, Pixabay, and Wikipedia) The “sanctions bill from hell” is back from the dead. Republican Senator Lindsey Graham (SC) and Democratic Senator Bob Menendez (NJ) on Wednesday introduced a tougher version of last year’s “Defending American Security from Kremlin Aggression […]
Glendale landlords will pay relocation fees if they hike rents more than 7%
Glendale City Council and Mayor Zareh Sinanyan Glendale has passed a mandatory relocation fee ordinance meant to assist renters priced out of their apartments. It’s an early move by lawmakers in Los Angeles to find ways to strengthen rent control measures after November’s defeat of Proposition 10. Landlords in Glendale will pay relocation fees to […]
“They know how to reach us.” Rejected Amazon HQ2 suitors may give it another try
Top to bottom: Chicago, Miami, Newark, Dallas, and Jeff Bezos recieving phone calls (Credit: Getty Images, Pixabay, and Wikipedia) What about now? They may have been rejected once, but they’re not giving up. At least a handful of cities that had been in the running for Amazon’s second headquarters said they would be willing to […]