"It was the personal touch that won over Jay Luchs when Antonio Villaraigosa a Democrat making his second run for California governor called to talk about real estate. I respect him for picking up the phone and calling me to talk business personally and it made me interested in supporting him, Luchs, executive vice chairman at Newmark in Los Angeles, said via email. Plus there's the former Los Angeles mayor's stance on Measure ULA, a property tax which is criticized by developers in California for increasing the cost of and slowing the pace of development, despite being intended to fund housing solutions."
"He seems to get [that Measure] ULA not working and is sensitive to it, Luchs said. It took the life out of residential and commercial property sales. It's nice to have someone get that. Luchs donated a total of $10,175.25 for Villaraigosa's 2026 campaign, according to an analysis of contributions to 2026 gubernatorial candidates via California Secretary of State records by The Real Deal."
"Villaraigosa, 72, leads on fundraising from donors among a crowded field of contenders in the governor's race, which is slated for a primary election in June, with the top two finishers squaring off in the general election in November 2026. He has garnered $4.5 million via 787 contributions. The top fundraiser overall, so far, is Stephen Cloobeck, a Democrat and former CEO of timeshare company Diamond Resorts."
Antonio Villaraigosa gained real estate support after personally contacting executives and expressing opposition to Measure ULA, which developers say increased costs and slowed development. Jay Luchs donated $10,175.25, citing Villaraigosa's phone call and sensitivity to Measure ULA's effects on property sales. Villaraigosa has raised $4.5 million from 787 contributions and leads among donor-funded candidates. Stephen Cloobeck tops overall fundraising with $13.6 million, including $13 million self-funding, and received contributions from real estate figures such as William Meldman and Randall Realty Group. The primary is set for June 2026, with the top two advancing to November's general election.
Read at therealdeal.com
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