T
he Real Deal's final issue of 2024 will be available online tomorrow and in print for subscribers shortly. The cover features President-elect Donald Trump in a striking pose, leaving readers to draw their own conclusions.

    As a real estate mogul, Trump has announced several industry leaders for key administration roles, including Steve Witkoff as special envoy to the Middle East and Howard Lutnick as Secretary of Commerce. Our story delves into the bigger question: will Trump's presidency benefit or hinder the real estate sector? His policies could either boost development through tax cuts and incentives in Opportunity Zones or drive up construction costs and mortgage rates.

    While federal priorities may influence the industry, local policies ultimately dictate the landscape for developers, property owners, and brokers. TRD reporters have compiled a cheat sheet highlighting how successful ballot measures, new mayors, and district attorneys might impact housing production, valuations, and development in key regions like California, Florida, Illinois, and New York.

    Breaking into the real estate industry often requires a strong foundation in finance and design. Columbia University's Master of Science in Real Estate Development program has long been a prestigious destination for aspiring professionals, with alumni including Marc Holliday of SL Green. However, the school is currently embroiled in a debate over its curriculum and approach to private real estate development.

    On the residential front, Douglas Elliman's West Coast operations are facing several lawsuits amidst ongoing internal conflicts, including the drama surrounding the Alexander brothers and the departure of chairman Howard Lorber. Subscribers can look forward to reading more about these developments in our final issue of 2024, available online tomorrow.