HUD gets its first chief with real-world housing experience
On February 5, the U.S. Senate confirmed Scott Turner as secretary of Housing and Urban Development (HUD). Turner takes over the position from Marcia L. Fudge, who announced her retirement last year.
Turner...
The incredible disappearing Starwood CRE investor
The $10 billion fund from Starwood Capital Group has been trying to preserve its available cash and credit by limiting investor redemptions. In the first quarter, the fund was hit with $1.3 billion in...
Major U.S. Supreme Court decisions coming down the track MAJOR UPDATE
June 28, 2024 Update: The Supreme Court in an unprecedented victory for multifamily and other businesses, has today reversed its 40-year-old decision in Chevron v. Natural Resource Defense Council. This law governed how courts...
The price of disorder
I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t shake my concern around governance. The sanctity of a contract...
New game post-Chevron
For decades, the judicial doctrine called “Chevron deference” dominated American administrative law.
In the aftermath of Chevron’s demise in Loper Bright v. Raimondo, however, a new legal debate is brewing over an 80-year-old judicial precedent:...
Why corporate America is retreating from social activism
In January, Axios reported a developing trend in corporate America: corporations across the United States were backing away from DEI, which had become a “minefield” for companies.
Following a multi-year boom in the Diversity, Equity,...
Paying the fox to watch the chickens: The war on private housing
Despite the rise in homelessness, the federal government continues to raise the barrier to creating shelter for those without permanent housing. Infusing bad actors with HUD money is another layer.
In September the Biden admin....
DOJ sues RealPage for housing inflation government caused
President Biden, Vice-President Harris and their Department of Justice have come out strongly against RealPage for their algorithm designed to help landlords better understand current market conditions in setting their rents.
They claim it enables...
RE shake up
The National Association of Realtors’ landmark settlement is changing the way homes are bought and sold. Now, another industry dispute threatens to shake up how homes are listed for sale.
A rule implemented in 2020...
