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...The number of visitors to the district has grown, and the estate now includes thousands of units of housing....
...The previous global head of M&A, Drew Goldman, left the bank in October 2022 to join the Abu Dhabi Investment Authority as the sovereign wealth fund’s global head of real estate....
...He remembered his anxiety during a meeting with his old mucker Mermelstein in the Morgan Stanley cafeteria in the depths of the crisis. “We were looking at each other like the world had just stopped....
...Of the $913mn set aside for expected credit losses in the second quarter, $300mn of this was linked to commercial real estate in mainland China....
...The verdict on Tuesday against the National Association of Realtors, which represents 1.5mn agents, and market leaders including several Berkshire Hathaway subsidiaries and Keller Williams Realty, came at...
...Goldman on Tuesday said it had surpassed a fundraising target of $225bn at its so-called alternatives business, a vital plank of that strategy that includes private equity, private credit and real estate...
...Quit-Tok: Videos of young workers resigning or being made redundant are going viral on social media sites such as TikTok as they wage a campaign for workplace transparency. Europe’s Morgan Stanley?...
...The billionaire behind Inditex buys real estate dip Spanish fashion giant Inditex paid a dividend of €1.20 per share last year, not even enough to buy a pair of kids’ socks from its flagship Zara brand....
...BlackRock’s global head of infrastructure and real estate has left the firm following the announcement of its $12.5bn deal to buy $106bn alternative asset manager Global Infrastructure Partners....
...To mark the event of the bankruptcy of WeWork, Morgan Stanley has published a multi-region survey on offices. No surprise that everyone still hates them, though no one hates them more than the Brits....
...The average reserves at JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley have fallen from $1.60 to 90 cents for every dollar of commercial real estate debt on which...
...Others, such as Goldman Sachs and Morgan Stanley, have relied on their wealth and asset management arms....
...said Jen Davis, a Missouri-based Keller Williams agent who coaches other realtors....
...Then there is the commercial real estate dilemma. Most banks want to reduce their exposure to this $5.8tn market. A record amount of loans are maturing and need refinancing this year and next....
...But the failure of Zhongzhi highlights the lack of transparency across China’s economy — especially regarding flows of money that have bypassed the banking system to access real estate projects....
...Budenberg, also chair of the Crown Estate, has had a highly successful career as an investment banker and became Lloyds chair at the start of 2021....
...China’s slowing growth and its real estate crisis have dulled the commercial rationale and raids on due diligence firms have rattled foreign investors....
...As an example, at a meeting in late October, members sat down with Switzerland’s finance minister Karin Keller-Sutter and central bank governor Thomas Jordan, both of whom were architects of the UBS/Credit...
...A pipeline of government-backed infrastructure and manufacturing projects has only partially offset the real estate downturn....
...News round-up Morgan Stanley accused of duping ECB with fake Frankfurt job title (FT) S&P Global close to acquisition of research platform Visible Alpha (FT) Carlyle in talks with London airport owner...
...India rising Investors are pulling billions of dollars of cash from China and redeploying it in India. Banks such as Goldman Sachs and Morgan Stanley are leading the charge, Bloomberg writes....
...The value of farmland held by investment groups has more than doubled over the past three years, according to the National Council of Real Estate Investment Fiduciaries....
...By contrast, Wall Street banks Goldman Sachs, JPMorgan Chase and Morgan Stanley have all awarded their chief executives with pay rises....
...Morgan Stanley applies a wider frame of reference: Here’s the gist of the argument....
...Point Grey Road (less than 2km) Good for: Real estate envy....
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