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...estate....
...Other senior personnel in the London office include James Stott, head of global real estate, and Paul Best, who runs European private equity....
...This week, however, it caused a frisson in the real estate world....
...The unlikely corporate raider In December 2020, veteran property executive Paul Weightman retired from the Australian real estate business he had founded more than two decades before....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...Worries have persisted as banks disclose exposure to losses on commercial real estate loans as work from home leaves offices underused....
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
...As one sharp reader, Peter, pointed out, this compares apples (the value of real estate assets) to oranges (the value of real estate investment trust equity)....
...The US’s largest real estate brokerage agencies have been found liable for almost $1.8bn in damages over an alleged seven-year conspiracy to force home sellers to pay hefty commissions to buyers’ brokers...
...“If News Corp separates the digital real estate assets through a tax-free spin[off] . . . shareholders will see significant appreciation in the company’s share price,” Smith said. Read more here...
...With growing distress in commercial real estate markets, more banks are likely to fail over the next few years....
...Starboard estimates that a spin-off of the real estate business would unlock more than $7bn in value for News Corp shareholders....
...Many creditors say their exposures are well-collateralised by Signa’s high-value real estate portfolio....
...TMTG’s public listing is expected to provide a multibillion-dollar windfall for Trump, who faces nearly a half-billion dollars in penalties after a civil fraud trial involving his real estate empire....
...estate loans....
...While it is Japan’s largest real estate developer, Mitsui Fudosan has one of the lowest returns on equity in the sector....
...The stock prices of rival US real estate sites Zillow and Redfin are both well below pre-pandemic levels, and real estate markets have been frozen by interest rate increases....
...Value stocks, such as banks and real estate companies, were chosen by just under a fifth of investors, while a similar proportion picked emerging market equities....
...It’s been clear for nearly a year that regional banks’ fates could turn on their exposure to commercial real estate markets, and New York Community Bancorp just gave investors a very jarring reminder....
...Last week, the People’s Bank of China slashed a mortgage-linked loan rate in an attempt to reinvigorate the real estate sector....
...This helps explain why the People’s Bank of China, faced with a massive real estate bust, has only gradually cut rates, which remain well above 0 per cent....
...As for losses, Cangemi said the bank had spent the fourth quarter stress-testing its commercial real estate loan portfolio, a portion of which it acquired with Signature, and had raised its estimate of expected...
...And they’re looking forward to, soft landing or not, a significant increase of loan losses in two sectors: the commercial real estate market, which everybody talks about, but far more importantly the consumer...
...estate valuations”....
...Minsheng Banking Corp has already filed a lawsuit against Oceanwide Holdings for failing to repay its debts. Most European stock market indices fell on the day....
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