NEW YORK, June 20, 2019 /PRNewswire/ -- Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today it provided a Fannie Mae conventional multifamily loan in the amount of $6.75 million to refinance a multifamily property located in Greenville, South Carolina. Lakewood on the Saluda is located at 4B Shore Drive and is a 104-unit, garden-style apartment community. The property was built in 1974 and is situated on 81 contiguous parcels totaling 28.62 acres. Lakewood on the Saluda consists of 52, one-story buildings, and has 208 surface parking spaces.
Neil Woodford's status as an investing guru has suffered badly since his flagship fund's suspension, so what can we learn?
The "Fast Money" traders share their first moves for the market open. : Oil jumped 6% on Thursday after Iran shot down a U.S. military drone, prompting President Donald Trump to blast Tehran on Twitter. For doubters thinking the rally is just a last gasp of the decade-long bull market, chart analysts are here to prove them wrong. The billionaire investor believes the stock market is in a "zone of fair value" at current levels.
Paul McCartney made his modest contribution to the future of virtual reality with a little help from a bike mechanic. The unlikely union of the Beatles great, a bike-shop employee in Palo Alto, and a promising if underachieving technology is the accomplishment of Scott Broock, once an enterprising executive with a fledgling camera company called Jaunt VR. In 2014, Broock offered to pay the mechanic $50 to ride around a skate park on a BMX bike while being filmed with a specialized camera rig that could shoot video and record sound in 360 degrees--all around and up and down.
Buyouts Insider/Argosy Group LLC produces several free newsletters that are sent directly to the email you provide at registration (namely, PE Hub Wire, PE Hub Canada Wire, PE Hub Wire Top Story of the Week, Buyouts Daily, and VCJ Alert). To enable us to keep providing these services free of charge, we reserve the right to contact you with special invitations to sample or purchase private equity-related products. By submitting this free subscription request for any of these products, you are also consenting to this communication.
Third Point, hedge fund, released a detailed letter outlining a significant value-creation opportunity at the company. The activist investor disclosed that his hedge fund has built a $1.5 billion stake in Sony, unveiling a proposal for the company to spin off its semiconductors division.
Sources are saying that Uber wants to acquire Seattle startup Mighty AI. Three sources told The Information that Uber was in "recent talks" to buy Mighty AI, which could help bolster the rideshare giant's self-driving technology. Mighty AI CEO Daryn Nakhuda declined to comment on the report, while an Uber spokesperson said "we generally don't [...]
Car auction group BCA Marketplace is in talks with private equity firm TDR Capital on a 1.91 billion pounds ($2.43 billion) buyout offer, sending the WeBuyAnyCar owner's shares up almost 25%.
The Broadsheet for June 20.: Good morning, Broadsheet readers! Hope Hicks testifies without saying much, Google employees show up at Alphabet's shareholder meeting, and a prosecutor-turned-VC MP considers Facebook's new currency. Have a terrific Thursday. * Considering a new cryptocurrency. When Kathryn Haun, the Justice Department's one-time go-to prosecutor for Bitcoin related-felonies, joined VC firm Andreessen Horowitz to lead its cryptocurrency fund, Fortune's Robert Hackett deemed the move a "watershed moment," with Haun's legal chops lending legitimacy to the nascent space.
* Iberdrola shifts to short-term gas supply from LNG contracts. : * Asia needs Europe for flexibility in oversupplied market (Releads with Pavilion access to Europe, adds Iberdrola rationale, LNG price conditions, trend in Asia-Europe LNG deals) SINGAPORE/LONDON, June 20 (Reuters) - Singapore's Pavilion Energy has bought the liquefied natural gas (LNG) portfolio of Spain's Iberdrola, gaining access to European regasification terminals as well as Atlantic supplies while the Iberian utility sheds its long-term gas contracts.