US President Donald Trump (L) and Foxconn Chairman Terry Gou leave after a groundbreaking for a Foxconn facility at the Wisconsin Valley Science and Technology Park June 28, 2018 in Mount Pleasant, Wisconsin (Credit: Brendan Smialowski/AFP/Getty Images) Public officials have spent hundreds of millions of dollars clearing the way for Foxconn to build its planned […]
How a $2B redevelopment site in Chicago landed in a federal Opportunity Zone: A TRD investigation
From left: A rendering of the Burnham Lakefront, Mayor Rahm Emanuel, former Governor Bruce Rauner, and a map of Opportunity Zones in Chicago (Credit: Getty Images; Map by Haru Coryne) Most of the 135 Opportunity Zone Census tracts in Chicago trace a familiar path through the city’s most economically distressed neighborhoods, highlighting sections of the […]
Fed holds interest rates steady amid housing market slowdown
President Trump, Federal Reserve chairman Jay Powell, and the Federal Reserve (Credit: Getty Images and iStock) The Federal Reserve said Wednesday that it will hold interest rates steady amid signs that the housing market is slowing down. The Fed will keep rates at 2.25 percent to 2.5 percent, stating the economy rose at a solid […]
Venezuela opposition leader spurs renewed interest among SoFla real estate investors amid turmoil
Nicolas Maduro and Juan Guaido (Credit: Wikipedia and Google Maps) UPDATED, Feb. 21, 4:10 p.m.: 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 […]
SB 50 would make 40% of LA’s developable land available for higher density
California State Senator Scott Wiener Los Angeles city officials say a proposed state-level law to boost housing construction would have “potentially far-reaching effects” in the city. A Department of City Planning [DCP] report published Tuesday found that Senate Bill 50 would most significantly impact single-family neighborhoods within a half mile of an L.A. Metro station, […]
Trump Org files lawsuit to block subpoena of financial statements
President Donald Trump and Elijah Cummings (Credit: Getty Images) Facing a subpoena from the House Oversight Committee, the Trump Organization is fighting back. In a lawsuit filed on Monday against Democratic committee chairman Elijah Cummings and the accounting firm Mazars USA LLP, the Trump Organization is seeking a court order to block the subpoena of […]