(Credit: Moody’s Investor Service, Trepp and Unsplash) Want to understand if a major property is at risk of defaulting on their loans? One way to tell is to look at the difference between private appraisals of the building and those done by ratings agencies. An analysis of large commercial mortgage-backed securities deals by The Real […]
Trouble at the top of SoftBank may threaten investments
Rajeev Misra and Marcelo Claure (Credit: Getty Images and iStock) It’s not easy to share the crown. Strained personal relations between Marcelo Claure, SoftBank’s chief operating officer, and Rajeev Misra, who handles SoftBank’s $100 billion Vision Fund, are impacting business, according to Bloomberg. Claure became COO in May, and was tasked with fostering collaboration between SoftBank’s […]
News Corp. has “undiminished” optimism about the housing market amid Move’s revenue growth
News Corp. CEO Robert Thomson (Credit: Getty Images) Despite the housing market slowdown, Rupert Murdoch’s News Corp. earnings got a boost from the growth of its real estate services in the second quarter. Revenues for the digital real estate services segment reached $311 million, a 7 percent increase from the same time last year. That […]
Bill Gross, former bond king whose high-priced home purchases drew attention, retires
Bill Gross said he’s sailing off with “high hopes, sunny skies, and smooth seas” Former star bond investor Bill Gross, whose recent high-priced home purchases in Laguna Beach grabbed headlines, is retiring after four decades in the business. Gross is leaving his position as portfolio manager for Janus Henderson’s Global Unconstrained Bond Fund, according to […]
Brookfield just finished raising its largest real estate fund to date
Brookfield CEO Bruce Flatt and 666 Fifth Avenue (Credit: Wikipedia, Google Maps, and Pixabay) Brookfield Asset Management’s $15 billion property fund is ready to roll. The firm has finished raising money for the fund, which is the largest ever for the company and the second largest in private real estate, just behind Blackstone Group’s $15.8 […]
Tax perk meant for mom-and-pop owners will instead benefit major property investors
(Credit: iStock) Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The Treasury Department recently released final rules detailing how owners of businesses including limited liability companies can receive a deduction of up to 20 percent, according to Bloomberg. The law, which was part of 2017 […]