News
Bass heads to runoff, too close to call on Pratt, Raman
2+ hour, 37+ min ago (202+ words) Candidates with most real estate money currently leading The results are still rolling in, but Mayor Karen Bass can claim a win, and reality television star Spencer Pratt appears to be next in the runoff for Los Angeles mayor. The…...
Hackman vet Zach Sokoloff appears set to lose LA city controller race
1+ hour, 7+ min ago (304+ words) Despite Sokoloff's real estate dollars, incumbent Kenneth Mejia will probably keep his watchdog spot Hackman Capital Partners veteran Zach Sokoloff is likely to lose the race for Los Angeles city controller, based on early results. Incumbent Kenneth Mejia will probably…...
Wiener Wins CA-11 Primary, Heads to November Runoff
3+ hour, 9+ min ago (294+ words) Real estate industry backed Scott Wiener, whose housing agenda will face real test against Connie Chan" in November As many predicted when he entered the field last fall, housing champion and state Sen. Scott Wiener finished first in the race…...
Policy Pro: Lawmakers pass bills to curb private listings, raise broker licensing bar
19+ hour, 7+ min ago (269+ words) A flurry of bills advanced in the final days of the legislative session Hello, let's get into today's news at the intersection of policy and real estate: In this edition we mention: Assembly member Michaelle Solages, state Sen. Nathalia Fernandez,…...
Trump helped Paxton win. Can he do the same for Spencer Pratt?
19+ hour, 36+ min ago (27+ words) The Real Deal Trump helped Paxton win. Can he do the same for Spencer Pratt?...
New Illinois bill helps homeowners at risk of losing home over unpaid property tax
19+ hour, 37+ min ago (261+ words) Bill moves everyone into compliance with a 2023 Supreme Court ruling Illinois lawmakers passed a bill aimed at helping homeowners pay delinquent property taxes before their homes are seized." In 2023, the Supreme Court unanimously ruled that local governments cannot keep excess…...
Primary perspective on the politics of real estate in California
20+ hour, 52+ min ago (464+ words) Races for governor, LA mayor, city controller, insurance commissioner and Pelosi's successor ones to watch It's primary election day. California voters are heading to the polls and dropping off their ballots for what feel like uncertain and unusually consequential races…...
De Santis" property tax cuts head to statewide vote in November
21+ hour, 10+ min ago (294+ words) Florida voters will decide whether to slash property taxes for homesteads come November, after the Florida Legislature passed Gov. Ron De Santis" proposal on Tuesday." Local governments, firefighters, police departments and other public services have warned of major cuts if…...
Pritzker's BUILD Package Sent Back to Drawing Board
22+ hour, 28+ min ago (202+ words) Governor's six-bill package failed to reach a vote after opposition from local governments Illinois Gov. JB Pritzker's six bill package aimed at juicing construction in the state was effectively razed in the Illinois legislature's spring sessions." Pritzker said that he…...
How tenants" rights promote vacancy, deter investment
1+ day, 4+ hour ago (793+ words) Old buildings worth more when empty, but process takes 5+ years Progressives are constantly trying to expand tenants" rights. Increasingly, it comes at a cost. In Albany, Assembly member Linda Rosenthal and Sen. Brian Kavanagh have a bill to speed up…...