Oc Ventures Courts Buyers For West Loop Student Housing
A West Loop student-housing complex is about to test the commercial market. Berkadia has been hired by OC Ventures to sell the Letterman, a 482-bed property at 410 South Morgan Street near the University of Illinois Chicago, Crain’s reported. The building is 112 years old and has been listed on the National Register of Historic […]
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Hong Kong Has Reliable Electricity Supply And No Soaring Prices, So Why Are Lawmakers Demanding Change, Scrutiny Of Power Companies? | South China Morning Post
Environment minister says that while the government sees urgency to suppress price increases, any changes to existing agreements must be backed by power firms.
Canadian Pension Fund Buys Aussie Spud Farm
The Ontario Teachers' Pension Plan Board (OTPP) and its Australian agriculture subsidiary, AustOn Corporation acquired a majority interest in potato growing giant Mitolo Family Farms.
Penn Entertainment: Sure-footed Good Bet On Coming Upside As Covid Wanes | Seeking Alpha
PENN Entertainment, Inc. (NASDAQ:PENN) is probably among the most undervalued stocks in the U.S. casino sector. In our view, it is a $50 stock hiding behind its current price of $29. Mr. Market and analysts alike have allowed the billowing winds of possible recession to divert their attention from a far more critical tailwind: there is a history of decision-making in this company that, to me, as an industry c-suite veteran - telegraphs this message: you want to be in business with these guys.
Gld: Silicon Valley Bank's Collapse Strengthens Gold's Prospects
The collapse of Silicon Valley Bank ("SVB") of SVB Financial Group (SIVB) has quickly uncovered a systemic banking vulnerability that will diminish the return prospects of both the stock and the bond markets. The collapse of SVB started on Wednesday, March 8th, when the company announced that it was looking to raise more than $2 billion in additional capital after suffering a $1.8 billion loss on asset sales from its bond portfolio. This was an avoidable failure and textbook case of regulatory and bank management incompetence.
Kushner Firm Got Hundreds Of Millions From 2 Persian Gulf Nations - The New York Times
The infusion of money from interests in the two Persian Gulf monarchies reflects the close ties to Middle Eastern countries established by Jared Kushner, former President Donald Trump's son-in-law.
Piles Of Commercial-real-estate Loans At Banks May Be Worth Just 77 Cents On The Dollar -- If That
The discounted sale of Silicon Valley Bank assets are a starting point to gauge how much commercial-real estate loans at banks will fetch in the open market.
Eight Must Reads For Real Estate Investors Today (march 31, 2023)
WeWork's execs compare their business model for offices as analogous to what e-commerce meant for retail. Barron's looked at 15 banks with high exposure to commercial real estate loans and found the entities are on solid footing. These are among today's must reads from around the commercial real estate industry.
Sources: Svb Bank Run Was Fueled By Private Calls, Messages
"I've never seen phone calls be as popular as they were for those 48 hours," said Alred Chuang, an investor at VC firm Race Capital.
Ken Griffin's Hedge Fund Citadel Plans Return To Tokyo - Nikkei Asia
NEW YORK -- U.S. hedge fund Citadel, led by billionaire investor Ken Griffin, has decided to reopen an office in Tokyo after closing the branch following the 2008 global financial crisis. Citadel was drawn back to Tokyo for its market size, high market liquidity and its talent pool, sources familiar with the plan said.
One Of The World's Richest Men Knows Why Silicon Valley Bank Really Failed: 'people On Iphones'
Since the fall of Silicon Valley Bank, experts and market watchers have openly worried that the collapse of that institution, along with Signature Bank and Silvergate Bank, could lead to a contagion that would spread to the rest of the financial sector. But the CEO of a top private equity group doesn't think that will happen because of the specific tech-based frenzy around SVB. "This crisis was caused by people on iPhones and other devices, hearing on social media that some bank might be in trouble," Blackstone CEO Steve Schwarzman said in an interview with Bloomberg in Tokyo on Thursday.