The U.S.Treasury Department will begin identifying and tracking secret buyers of high-end luxury real estate in Manhattan and Miami Dade County because of concerns about the illicit flow of money.
This is the "first time the federal government has required real estate companies to disclose names behind cash transactions, and it is likely to send shudders through the real estate industry, which has benefited enormously in recent years from a building boom increasingly dependent on wealthy, secretive buyers."
"The initiative," writes Louise Story of The New York Times, "is part of a broader federal effort to increase the focus on money laundering in real estate. Treasury and federal law enforcement officials said they were putting greater resources into investigating luxury real estate sales that involve shell companies like limited liability companies, often known as L.L.C.s; partnerships; and other entities."
FULL STORY: U.S. Will Track Secret Buyers of Luxury Real Estate
More Homes Underwater in Chicago Than Other U.S. Cities
One in ten Chicago homes is currently underwater, more than double the national average.
Report: Transit Oriented Development Leads the Market in Major Metros
A report released last week by Cushman & Wakefield has won a lot of attention from media outlets covering large-scale development market trends. Among the report's findings: growing cities need to better support transit-oriented development.
Miami’s Underline Linear Park Offers Recreation, Transportation, Conservation
A 10-mile park that runs under the Miami Metrorail is nearly complete and features bioswales for water conservation and public recreation facilities.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
What Trump’s Executive Orders Mean for US Housing Programs
Orders related to DEI and accessibility, among others, may threaten housing programs for those who need them most.
University of Hawai‘i Appoints New Architecture School Dean
The University of Hawai‘i at Mānoa has named Mo Zell as the new dean of its School of Architecture, bringing over two decades of experience in academia, innovative educational programs, and industry partnerships to advance design education.
Part of San Francisco Waterfront Highway to Become Pedestrian-Only in April
Two miles of the ‘Great Highway’ will be permanently closed to cars, in part due to erosion that makes the road unsafe for vehicles.
El Paso Wastewater Purification Facility Breaks Ground
As water supplies become strained and technology advances, cities look to wastewater as a viable source of drinking water.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
North Jersey Transportation Planning Authority (NJTPA)
Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research