Critics question investment fund’s Sacramento rental venture
Blackstone wants to reassure America that bigger isn’t bad. The giant New York investment fund – with its global portfolio of shopping malls, the Weather Channel and Motel 6 – owns nearly 10 times as...
View ArticleThe Botched NY Real Estate Deal That Lost ‘Other People’ Billions
The middle-income housing projects Stuyvesant Town and Peter Cooper Village sit on an 80-acre patch of Lower Manhattan. In 2006, they came to epitomize the lunatic excess of the housing boom when their...
View ArticleColony’s Tom Barrack Sees Bubble in U.S. Housing Market
Colony Capital LLC’s Tom Barrack said U.S. homes are in danger of becoming overvalued as low borrowing rates and an improving labor market fuel demand. Read full article at Bloomberg.
View ArticleDeal collapses for $1.7 billion Chinese investment in San Francisco
A deal in which China Development Corp. had agreed to invest $1.7 billion to help bankroll over 12,500 homes on Treasure Island and Hunters Point is dead. Read full article at San Francisco Business...
View ArticleColony Capital’s Barrack Sees Bubble In U.S. Housing Market
Colony Capital LLC’s Tom Barrack said U.S. homes are in danger of becoming overvalued as low borrowing rates and an improving labor market fuel demand. Read full article at Financial Advisor.
View ArticleInvestors can gain from Brazil property boom
Brazil could offer large returns for property investors, according to a Yorkshire-based company. Read full article at Yorkshire Post.
View ArticleDan Gilbert’s Quest to Remake Downtown Detroit
It is just one small sign of how far Detroit’s fortunes have fallen: the birthplace of the mass-produced automobile, the city that gave us the infuriating, bumper-to-bumper commute, is now so sparsely...
View ArticleKenya Real Estate Boom Threatens Prime Farmland
A real estate boom in the Kenyan capital, Nairobi, is pushing development toward prime farmland outside the city, raising concerns about food and economy security. Read full article at Voice of America.
View ArticleMaine PERS sets aside another $250m for real estate
The Maine Public Employees Retirement System has approved as much as $250m (€191m) in new real estate commitments. Read full article at Investment & Pensions Real Estate.
View ArticlePaulson to Maverick Bet on Housing With Junk Insurers
Hedge funds led by Paulson & Co. and Maverick Capital are piling into mortgage insurers in a bet that some of the companies worst hit by the U.S. housing crash will be among the biggest winners in...
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