As usual, the Robin Hood Investors Conference has brought several new investment ideas from some of the top minds in the wealth management business. Investors heard from Sachem Head's Barnes Hauptfuhrer, One Tusk Investment Partners' Vivian Lau, Lone Pine's Mala Gaonkar, Lakewood Capital's Anthony Bozza, CAS Investment Partners' Clifford Sosin, Teca Capital's Fernando Vigil and billionaire investor Stanley Druckenmiller. Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville.
As Murphy's law states, "Anything that can go wrong will go wrong". This age-old adage can be applied to what the U.S. oil and gas industry has experienced through most of 2020. The U.S. shale sector continues to reel from low oil prices triggered by the COVID-19 pandemic, which cratered crude oil and refined products demand and a Saudi-Russia price war in March that resulted in a significant increase in crude oil production and, consequently, supply. The confluence of these events led to a...By: Opportune LLP.
The Canada Pension Plan Investment Board and Hudson Pacific Properties Inc. are purchasing an office tower in Seattle for US$625 million. The property is 98 per cent leased with Amazon.com Inc. occupying a majority of the building. It's the latest investment in Seattle real estate by the partnership, which also jointly owns the nearby Hill7 office tower. "We're pleased ...
SAN FRANCISCO, CA, Mursion has closed a $20 million Series B financing, led by Leeds Illuminate.
Climate change could lead to the next mortgage crisis, warns Politico. Extended Stay America has outperformed in recent weeks, reports the Wall Street Journal. These are among today's must reads from around the commercial real estate industry.
Activist firm reveals new stake in Encompass Health, 2 other stocks. : Investment firm Jana Partners (Trades, Portfolio) disclosed its third-quarter portfolio earlier this month. Founded in 2001 by Barry Rosenstein, the New York-based firm takes a value-oriented, event-driven approach to picking stocks, often entering activist positions in order to help unlock value for shareholders. Keeping its criteria in mind, the firm entered three new positions during the quarter, sold out of two stocks and added to or trimmed a number of other existing holdings. Notable trades included a new investment in Encompass Health Corp. (NYSE:EHC), the sale of Hillenbrand Inc HI .
Tenants, landlords and insurers are battling over who is responsible for covering losses for temporary closures. : As they continue to grapple with the economic fallout from the coronavirus pandemic--and wait for further federal relief--commercial real estate tenants may increasingly sue landlords to seek damages under business interruption insurance coverage. However, attorneys caution that tenants may find little success with this legal avenue.
Tesla shares are up almost 600% this year, surpassing Warren Buffett's Berkshire Hathaway with an eye-popping $555 billion valuation that dwarfs all car-making rivals. But will it last?
COVID-19 has helped fuel activity in a burgeoning part of the commercial real estate finance and investment world. : In an environment where more activity in general has been forced online, investors are getting increasingly comfortable buying and selling commercial real estate that way as well, including in the small, but burgeoning world of crowdfunding. Depending on the scope of their platforms, groups including Realty Mogul, ArborCrowd and Crowdstreet have raised hundreds of millions of dollars from both accredited investors and non-accredited investors since the start of the crisis caused by the coronavirus.