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...Most publicly listed property trusts in the US can handily cover dividends using cash flows from rents, according to Green Street, a commercial real estate research group....
...Grosvenor, the Duke of Westminster’s property company, is launching a £900mn lending business focused on residential development, as real estate investors opt for debt investments over the risk of buying...
...“None of them is a real estate expert,” the creditor said....
...Like other real estate investors, Canary Wharf has had to cut the size of its loans to refinance against properties that are worth less....
...Even today, after a real estate boom in the area and a remade mansion, it is perhaps worth even less than the debt on the property....
...estate special situations investing team, and has more than $4bn of net assets under management....
...“We bought it for $1.8mn in 2018, before the big boom in real estate, and it’s probably worth about $3mn now but I’m not selling....
...The Colorado-based property owners allege that HRM Resources, a company backed by private equity group Kayne Anderson, bought uneconomic wells from Chevron and other producers and used a corporate restructuring...
...Seemingly outlandish, this estimate is consistent with the dramatic boost to real GDP growth during bursts of technologically enabled innovation in the past 2000+ years....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...The placing comes as commercial property investors start to hunt for deals following a steep fall in real estate valuations brought on by rising interest rates....
...“It’s a good time for select names in Chinese real estate. It is 25, 30 per cent of [gross domestic product] and it’s not going to disappear,” said Koenigsberger....
...Last summer, Richard Spencer, a management consultant from London, found a home he liked in Mougins, near Cannes, priced at €2.2mn....
...Blackstone’s president Jonathan Gray has also said he believes property valuations are beginning to bottom. “We really see real estate bottoming from a valuation standpoint,” he told the FT in January....
...The US firm, which is the world’s largest owner of commercial real estate, paid about €1.1bn for the whole portfolio. It has managed the property with its partner Kryalos, an Italian real estate firm....
...Evergrande, the world’s most indebted property developer, defaulted in late 2021 with more than $300bn in liabilities highlighting China’s property sector crisis and liquidity crunch....
...That is particularly the case for real estate funds, but it is also seen in private debt and private equity portfolios....
...But that is modest relative to the $8.4bn in cash that sits on Blackstone’s balance sheet and its more than $6bn in annual management fees....
...He is also fighting decisions in Colorado and Maine that have struck him from the presidential primary ballot in those states....
...But being the lender to real estate folks is better in this rate environment and you get the property as collateral.”...
...Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
...However, Third Point told the Financial Times it had held “only preliminary conversations with Flow [Neumann’s property company] and Adam Neumann about their ideas for WeWork, and has not made a commitment...
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
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