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...“It feels like a problem we’ll be working on for years,” Powell said about the exposure of regional banks to commercial real estate, particularly offices, that are less valuable than they were before the...
...Finck’s family office did not immediately respond to a request for comment....
...But another crucial change has been improved liquidity, thanks to a raft of new open-ended funds launched by large alternative investment managers like Blackstone, Ares Management, and Apollo Global Management...
...“They hold investments such as public and private equity and real estate that protect them.”...
...“With management effectively calling the bottom, perhaps now is the moment to invest,” Peel Hunt analyst James Carswell said....
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...Scott Rechler, the chief executive of RXR, one of New York’s largest office landlords, is teaming up with Ares Management, an alternative investment manager that has $49bn in real estate assets....
...That includes a roughly 15 per cent exposure to US offices....
...In a filing on Friday afternoon, the office of Letitia James — who brought the civil case that found Trump vastly overstated the value of his real estate empire — said there was only “vague, incomplete,...
...Kasoff was previously a partner and senior portfolio manager at Elliott Management....
...as private real estate....
...Efforts at Gucci to turn around its business under new designer Sabato de Sarno as well as new management after several years of declining sales have yet to bear fruit....
...SELL: Great Portland Estates (GPE) The London office landlord has yet to surge back to life in the way investors had hoped, writes Mitchell Labiak....
...Silvio Berlusconi’s Sardinian beach estate is going on sale for €500mn after his five children agreed to sell the asset, according to people with knowledge of the transaction....
...Private bankers have also tightened due diligence processes for new clients, leading to longer waiting times to open accounts and set up family offices....
...Sotheby’s can pay its agents more, Azar said, in part because he has torn up the traditional system of neighbourhood offices, giving his agents geographic freedom and cutting layers of management....
...“People should realise that regional banks are still very much exposed to the troubles in commercial real estate,” said Leo Huang, head of commercial real estate at Ellington Management....
...is why 95% of our office portfolio is either trophy or Class A office space that continues to vastly outperform the broader market....
...Investors include family offices, foundations, endowments and high-net-worth individuals....
...As far as management is concerned, I have a very good senior leadership team that could take over.”...
...Under these partnership or management arrangements, landlords in effect outsource running office spaces to flexible workspace brands....
...But the Chinese economy failed to roar back to life as the country’s real estate bubble burst and consumers held on to their cash....
...Block said he believes higher rates and a weaker real estate market were making loans more expensive for borrowers while the underlying collateral, including some office buildings, is below the value of...
...losses on office loans....
...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....
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