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On Nov. 8, 2023, Los Angeles Mayor Karen Bass signed Executive Directive No. 7, which aims to streamline and accelerate housing production in Los Angeles. Bass stated in a press release: "I am taking action to make living in Los Angeles more affordable by signing this executive directive to incentivize more housing to be built for people of all income levels, with an emphasis on affordable housing and mixed income housing, to begin to address [...]

When purchasing a commercial real estate loan that is in "distress," it is crucial that one understands the nature of the defaults and the motivations of each party involved in the transaction and the deal. Diligence is key. Begin by mining your sources. How did you learn of the loan's availability? A broker? A public record, such as a foreclosure complaint? Sign a non-disclosure agreement and access the data room and get as much information as [...]

In George R. R. Martin's "Game of Thrones" books,1 each of the many different lands or houses have mottos or mantras unique to their region's attributes. In the North, where it is always cold and getting colder, they repeat the mantra, "winter is coming," as an omen of bad things to come. That saying is also a truism - the next winter is always coming, even during the current winter - and it is intended to [...]