Hints and tips:
...So FT Alphaville spoke with Frank Cohen, a senior managing director at Blackstone and BREIT’s chief executive and chair to better understand the business and its own outlook....
...Music is relatively immune to supply chain risk, geopolitical risk and inflation, a senior private equity executive said....
...Job moves Simon Segars, the former chief executive of SoftBank’s chip unit Arm, has joined investment firm Permira as a senior adviser to its tech team....
...Just days after striking that deal last summer, Blackstone made a play for affordable housing, convincing insurance company AIG to sell a $5.1bn portfolio of apartments that have received government subsidies...
...It has restarted construction of the Venice site and has begun selling apartments....
...Some senior partners told the FT that they realised the risks they could be setting themselves up for, including charges of hypocrisy....
...That’s after Blankfein has pointed out his apartment block to the FT’s Edward Luce as they sat down for lunch, which is located across Columbus Circle, the Upper West Side vantage point overlooking Central...
...Smart reads Church bets on Chelsea A real estate investment by the Vatican’s Secretariat of State in luxury apartments in London has landed the world’s most powerful religious organisation in hot water....
...Dimensional has been in the city since 2006, having started in the New York apartment of chairman David Booth in 1981 and later moving to Santa Monica, California....
...The investors pay cheaper rates because of the federal insurance afforded by Fannie and Freddie, says Jim Costello, senior vice-president at Real Capital Analytics....
...Among the handful of objects that recall his peripatetic life are his teenage LPs (he liked Roxy Music) and a small table made of Australian tropical wood....
...But as the Bloomberg story notes, LPs of both firms are left to wonder how conflicts will be managed....
...The 26-page document was found in the rubbish at his apartment, according to the lead investigator into his death....
...“It may be a function of the size of the properties or the age of the properties,” said Michelle Patterson, senior director at Kroll, which gave the top slice of Invitation Homes 2013-SFR1 a coveted triple-A...
...“Apartments are efficiently managed. They’re all right there together and a super can watch everything that is going on....
...Options Clearing’s board also failed to sufficiently supervise the clearinghouse’s senior management and hasn’t properly managed conflicts of interest, according to a letter sent by regulators to Options...
...But lenders who control the senior debt turned down the complicated proposal and broke off talks....
...Mr Romney, the co-founder of Bain Capital, will be mingling with his own at a party in the Park Avenue apartment of Steve Schwarzman, chairman of Blackstone Group, and at another hosted by four JPMorgan...
...At the end of June, Santander had a total of €8.3bn in foreclosed Spanish property assets, including finished apartments, buildings under construction and land repossessed from homebuyers and developers....
...“Assuming they have taken care of the assets, this is a very high quality portfolio,” said Andy McCulloch, senior analyst at Green Street Advisors....
...Chris Macke, senior real estate strategist at CoStar, warned developers must exercise “discipline” in how quickly they break ground on new projects....
...Also on Friday, Sonny Nguyen, a senior financial analyst for US chipmaker Nvidia pleaded guilty to conspiracy by providing information about Nvidia to Ms Jiau and Stan Ng....
...“London housing is a story that a lot of people are buying into at the moment,” says one senior real estate banker....
...“For us, the more companies are designated as systemically important, the merrier,” says one senior executive at a bank....
...Mr Schwarzman hosted a lunch at his Park Avenue apartment for the younger Mr Gaddafi....
International Edition