FHFA chief Mark Calabria and the Fannie Mae headquarters in Washington DC (Credit: Carr Properties) President Trump has not been shy about his desire to end the federal conservatorship of Fannie Mae and Freddie Mac. Now, he appears to have someone at the helm of the Federal Housing Finance Agency ready to put the plan in […]
Developers spent millions lobbying LA city officials last year: report
Lightstone Group, Jamison, and CIM Group spent hundreds of thousands of dollars lobbying LA elected officials Prompted by a recent scandal involving one of the city’s power brokers, Los Angeles elected officials want to weaken real estate developer influence at City Hall. New data shows the lengths some of those developers will go to influence […]
Housing bill could reshape tech hubs like Silicon Beach, Silicon Valley
The provisions in SB 50 could drastically change the makeup of coastal cities like Manhattan Beach, Hermosa Beach and Redondo Beach As California grapples with a housing crisis, a bill in the Legislature could drastically alter tech centers throughout the state like Silicon Beach and Silicon Valley, which are dominated by single-family neighborhoods. Senate Bill […]
Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more
From left: Jared Kushner, Felix Sater, William Barr, Donald Trump, and Robert Mueller (Illustration by Kevin Rebong for The Real Deal; Credit: Getty Images and iStock) The long-awaited report by Special Counsel Robert Mueller provides additional details on the abandoned Trump-branded project in Moscow and the 2016 meeting between Jared Kushner and a top Russian […]
Barr issues strong defense of Trump shortly before Mueller report’s release
Attorney General William Barr speaks about the release of the redacted version of the Mueller report at the Department of Justice (Credit: Getty Images) Attorney General William Barr vigorously defended President Trump in a press conference Thursday morning ahead of the release of the Special Counsel’s report on Russian interference in the 2016 election. Barr […]
New Opportunity Zones rules are released. Will developer money follow?
Steven Mnuchin (Credit: Getty Images) The government released its long-awaited and latest set of Opportunity Zone regulations Wednesday, hoping to provide investors who have been on the fence with the clarity needed to begin developing projects in distressed areas nationwide. Real estate developers have become enamored with Opportunity Zones, seeking to raise funds into the […]