Donald Trump and Trump Doral (Credit: Getty Images) President Trump touted South Florida’s Trump National Doral Miami in federal disclosures as the Trump Organization’s most profitable resort. But the resort’s finances paint a different story, according to a report by the Washington Post. Overall revenue at the golf resort is down since 2015 and net […]
LA is reining in the real estate industry. Is it going too far?
Councilmember David Ryu, City Hall, and LA Mayor Eric Garcetti (Credit: Getty Images and iStock) A City Hall-supported ballot initiative that would impose a new square footage tax on properties. A City Council proposal to ban developers seeking project approval from donating to a political campaign. Opposition to a state measure that would increase the […]
More than 2K new cannabis shops could bloom statewide under proposed bill
Assemblymember Phil Ting Los Angeles, like other cities in California, are struggling to contain unlicensed cannabis shops that have been blooming. While L.A. officials are cracking down, they face a daunting task. But only a third of the state’s 540 municipalities allow cannabis shops. Now, state lawmakers want to change that, according to the Los […]
Ex-Venezuelan politician and former Miss Universe lists Gables estate for $25M
Serafín García, Irene Sáez and 115 Arvida Parkway (Credit: El Carabobeño) A company tied to former Miss Universe and ex-Venezuelan politician Irene Sáez is listing a spec mansion in Coral Gables for $25 million. Property records reveal Bidu Properties LLC — controlled by Sáez’s husband, Venezuelan businessman and former Ocean Bank principal Serafín García, and […]
Chicago Mayor Emanuel leaves behind a city flush with development, but also mounting problems
Outgoing Mayor Rahm Emanuel (Credit: Getty Images and iStock) Mayor Rahm Emanuel has a thing for construction cranes. The mayor was known to demand regular reports from the city’s buildings department on the running tally of cranes hoisted over the city’s construction sites, including where the number stacked up against rival cities like Seattle, according […]
Trump admin pushes new policy that could displace thousands of kids from NYCHA housing
Ben Carson and NYCHA housing (Credit: Getty Images and Wikipedia) The Trump administration has put forward a new policy that could displace 55,000 children from public housing complexes across the country, including the New York City Housing Authority. The proposed rule change from the Department of Housing and Urban Development is meant to target undocumented […]