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theatlantic.com 19hours ago

Outdoor Dining Is Doomed

These days, strolling through downtown New York City, where I live, is like picking your way through the aftermath of a party. In many ways, it is exactly that: The limp string lights, trash-strewn puddles, and splintering plywood are all relics of the raucous celebration known as outdoor dining.These wooden “streeteries” and the makeshift tables lining sidewalks first popped up during the depths of the coronavirus pandemic in 2020, when restaurants needed to get diners back in their seats. It was novel, creative, spontaneous—and fun during a time when there wasn’t much fun to be had.
Read by 77% of LPs

nytimes.com 11minutes ago

She Lost Her Childhood Home Over Taxes. Then It Erupted In Flames. - The New York Times

For years, Eve Morawski waged an epic battle against real estate investors who bought her tax debt and ultimately seized her Maplewood, N.J., home.
Read by 73% of LPs

marketwatch.com 1hour ago

Clean Energy Investing Tops $1 Trillion, Set To Beat Money Backing Oil And Gas

Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after topping a record $1 trillion last year. "Our findings put to bed any debate about how the energy crisis will impact clean-energy deployment," said head of global analysis at BloombergNEF.
Read by 33% of LPs

finance.yahoo.com 1hour ago

Hellish Hat-trick: This Ultrarich New York Family Lost Billions On Enron, Bernie Madoff, And Now Ftx — Here Are 3 Simple Tricks To Avoid Getting Scammed Yourself

Like a man struck by lightning three times, billionaire oil baron Robert Belfer has the dubious distinction of falling prey to Enron’s corruption, Bernie Madoff’s Ponzi scheme and the implosion of cryptocurrency exchange FTX. To say this 87 year old is a financial fraud survivor is putting it mildly. Madoff took him for tens of millions. Kenneth Lay’s energy company drained him of billions. Now, as first reported in the Financial Times, Belfer stands to lose a total stake of $34.5 million in Sam Bankman-Fried’s crypto company.
Read by 79% of LPs

coindesk.com 2hours ago

Why Venture Capitalists Won’t Be Punished For Investing In Ftx

As impossible as it is to believe that venture capital funds did proper due diligence on mismanaged and allegedly fraudulent FTX, the inherent risk of early-stage investing makes regulatory change unlikely in the fallout.
Read by 61% of LPs

venturebeat.com 2hours ago

Tao Raises $22M To Explore Way To Generate Energy From Nuclear Fusion | Venturebeat

NT-Tao has rasied $22 million to explore a way to generate clean energy from nuclear fusion in an efficient way.
Read by 60% of LPs

managedfunds.org 2hours ago

Mfa Presents Inaugural Women’s Investment Leadership Award To Three Female Leaders In Alternative Asset Management - Managed Funds Association

Awardees include Anne Dinning of the D. E. Shaw group, Ulrike Hoffman-Burchardi of Tudor Investment Corporation, and Kim Lew of Columbia Investment Management Company MIAMI, FL – Yesterday, Managed Funds Association (MFA), the trade association for the global alternative asset management industry, presented the inaugural Women’s Investment Leadership Award to: Anne Dinning, Managing Director and Executive Committee Member of the […] The post MFA Presents Inaugural Women’s Investment Leadership Award to Three Female Leaders in Alternative Asset Management appeared first on Managed Funds Association.
Read by 62% of LPs

benzinga.com 3hours ago

J.p. Morgan's Campbell Global Acquires Over 250,000 Acres Of Commercial Timberland Valued At More Than $500M

Assets to be managed for both carbon capture and timber products to meet growing wood demand NEW YORK, Feb. 1, 2023 /PRNewswire/ -- J.P. Morgan Global Alternatives today announced that institutional investors advised by the firm's wholly-owned timber investment manager, Campbell Global, have led the acquisition of over 250,000 productive acres of high-quality, commercial timberland across three properties in the Southeastern USA and valued at over half a billion dollars.
Read by 78% of LPs

therealdeal.com 4hours ago

Nyc's Largest Commercial Real Estate Finance Deals Of 2022

Lingering uncertainty in New York City’s office market and a virtual moratorium on new hotels allowed a self-storage deal to top the list of 2022’s largest real estate loans. The 10 largest financing deals amounted to $8 billion, on par with 2020’s total but behind the $10.9 billion lent in 2019 on the 10 biggest projects. The five largest loans of 2021 totaled $7.2 billion. The nation’s largest office-to-residential conversion made the list, as did The post New York City’s biggest borrowers of 2022 appeared first on The Real Deal New York.
Read by 35% of LPs

seekingalpha.com 5hours ago

Omega Healthcare Has Problems: Is It Time To Sell? (nyse:ohi)

Omega Healthcare Investors, Inc. (NYSE:OHI) is a very popular real estate investment trust ("REIT") because it is one of the highest-yielding investment-grade-rated companies. Moreover, OHI has also grown its dividend for 20 years in a row, which would suggest that its dividend is safe: Over the past year, OHI has massively outperformed the rest of the REIT sector (VNQ), and that's despite facing more challenges than your average REIT. OHI should have underperformed, not outperformed. But since it didn't, it has now become overpriced relative to most other REITs.
Read by 76% of LPs

forbes.com 5hours ago

The Comeback King: For 40 Years, John Rogers Has Come Out Of Bear Markets Stronger

The veteran value investor’s flagship Ariel Fund was up 14% in January after taking a hit in 2022. Now he is betting big on entertainment, private equity and — surprise! — housing.
Read by 30% of LPs