Kathy Hochl has said that she will advocate for the real estate industry, but we're going to have to wait and see what she actually does. She's proposed a replacement for 4.20 and A, which is the property tax break that allows multifamily development. Since it expired this past summer, we really haven't seen any of those projects go through unless they're heavily subsidized by the government.
Compass CEO Robert Reffkin had a busy Nov. 10. Hours after speaking at a TRD forum in Miami, Reffkin got on a conference call with analysts to discuss the company's much anticipated earnings results for the third quarter. Compass lost $157 million from July through September — more than it lost in the second quarter. Deconstruct looks at the state of the brokerage, why it's struggling and where it goes from here.
Guests: TRD reporter Harrison Connery, TRD deputy web editor and South Florida reporter Katherine Kallergis.