Lawsuit Against Alexander Brothers Dismissed, C.A.R Backs $2.5 Billion Relief Plan, Spain Proposes 100% Foreign Property Buyers Tax

1 Credits

Alexander Brothers: Lawsuit Dismissed

A lawsuit filed in New York against real estate moguls Tal, Oren, and Alon Alexander, claiming they raped a woman, was dismissed on Wednesday by a federal judge. U.S. District Judge Lewis Kaplan ruled that the alleged incident fell outside New York’s statute of limitations. Angelica Parker, the plaintiff, had accused the brothers of assaulting her in 2012, but the court found her claims were time-barred.

However, Judge Kaplan allowed Parker until February 14th to file an amendment related to Tal Alexander, who she alleges later attempted to sexually assault her. The ruling follows a broader criminal investigation, with the Alexander brothers currently facing federal charges in Miami and New York City for sex trafficking and rape, spanning from 2010 to 2021.

Authorities have received as many as 40 other claims from women accusing the brothers of similar offenses. Tal, Oren, and Alon Alexander remain in federal custody, with bond denied.

Source: Link

C.A.R Backs $2.5 Billion Relief Plan

The California Association of REALTORS® is voicing strong support for recent actions by Governor Gavin Newsom and the state legislature to assist homeowners impacted by the devastating wildfires in Southern California. In a special session yesterday, Governor Newsom signed legislation that provides over $2.5 billion in disaster relief funding, focusing on recovery and rebuilding efforts.

The new legislation includes $4 million in funding to expedite the rebuilding process, along with resources for local governments to speed up planning reviews and building inspections. The California Association of REALTORS® praised the measures, with President Heather Ozur calling them a critical step toward streamlining recovery and addressing the housing crisis worsened by the fires.

Ozur emphasized that this legislation will help communities rebuild faster and with greater efficiency, providing vital support for homeowners and local governments. The $2.5 billion in disaster relief will aid in essential tasks like debris removal, fire hazard assessments, and other emergency recovery operations.

Source: Link

Spain Proposes 100% Foreign Property Buyers Tax

In international news, Spain’s Socialist Prime Minister Pedro Sanchez has unveiled bold new measures aimed at tackling the country’s growing housing crisis. The centerpiece of his proposal is a 100% property tax on homes bought by foreigners, which he says is necessary to curb speculation and prioritize housing for Spanish residents.

Foreign buyers, particularly from outside the European Union, have been a growing force in Spain’s real estate market, with about 27,000 properties purchased by non-residents in 2023 alone. Sanchez argues that these buyers, who treat housing as an investment rather than a home, are driving up prices and exacerbating shortages.

In addition to the tax on foreign property buyers, Sanchez has proposed higher taxes on short-term holiday rentals, tax breaks for landlords offering affordable housing, and measures to speed up construction and expand land availability for new homes.

With housing prices soaring and protests against rising rents in cities like Barcelona and Seville, the question remains: will these new measures be enough to address the root causes of Spain’s housing crisis?

Source: Link

About “3 Things You Need to Know” on OnTrack Agent.

3 Things You Need to Know” delivers concise, no-nonsense real estate news, ensuring that agents stay informed and ahead of the curve.

Stripping away editorial commentary, the show focuses on the key developments shaping the real estate industry and the broader U.S. economy.

Whether it’s market trends, legislative changes, or economic shifts, each episode distills the most important information into easily digestible segments.

Designed specifically for real estate professionals, “3 Things You Need to Know” equips agents with the insights they need to make informed decisions and thrive in a competitive landscape.

Stay connected to the pulse of the industry with timely updates that matter each weekday, Monday through Friday.

 

3 Things You Need to Know – Copyright 2025 – OnTrack Agent

Buy Now

---