CEQA Reform, The ‘Third Rail’ Of California Politics, Moving Fast Through State Legislature

June 16, 2025 / no comments

Two bills aimed at sidestepping the hurdles the California Environmental Quality Act poses to new development projects are quickly moving through the adoption process at the state legislature. 
There are some hurdles ahead, but the fact that these bills have come this far is a testament to the severity of California’s housing affordability issues and how much pressure is bearing down on elected officials to fix them, land use professionals say. 

Wilf family closes on $38M sale of Midtown mansion

June 16, 2025 / no comments

Weeks after going under contract, more is being uncovered about the Wilf’s family sale of a Midtown Manhattan, including a drastically discounted closing price. The sale of 9-11 West 54th Street closed for $38 million, the Commercial Observer reported. The deal for the property breaks down to $1,583 per square foot. The buyer appears to […]

This article originally appeared on The Real Deal. Click here to read the full story.

No prison for Boruch Drillman in mortgage fraud scheme

June 16, 2025 / no comments

Boruch Drillman on Monday was sentenced to five years of probation for his role in a $165 million mortgage fraud scheme.  U.S. District Court Judge Robert Kirsch cited Drillman’s early cooperation with investigators, his genuine remorse, the fact he considered Drillman to be less culpable than other defendants in the case and Drillman’s poor health […]

This article originally appeared on The Real Deal. Click here to read the full story.