A master of leveraged buyouts, he bought baseball and hockey teams in Texas and an English soccer club, only to lose them in an avalanche of debt.
The newly launched Trump “gold card” can’t be used to buy groceries, but it does buy access to the United States.
President Donald Trump’s administration has begun processing applications for the gold card, a visa program under which investors can pay $1M to get fast-tracked clearance for U.S. residency.
In north Brooklyn, David Bistricer landed fresh financing for a Greenpoint rental complex. In Downtown Brooklyn, his firm could be on the outs with a troubled office property. Clipper Equity is facing foreclosure on 250 Livingston Street, with the mortgage backing the building will be sent to special servicing next week, Crain’s reported. Clipper became delinquent on the $125 million mortgage last month. The firm is considering handing the keys to the property back to the lenders, though Bistricer believes he can resolve the issue with the lenders and duck foreclosure proceedings, tapping IronHound Management to assist Clipper through negotiations. […]
This article originally appeared on The Real Deal. Click here to read the full story.
A tangle of problems at IndiGo, the dominant carrier, resulted in gridlocked airports across the country. Worse, it was the symptom of an even bigger problem.
The deal is a watershed for Hollywood, which has been trying to sort through the possible harms and upsides of generative artificial intelligence.
The shrinking supply of unsold new development units caught up to the market in November. There were 187 contracts signed at new development projects last month, down 22 percent from the same time last year, according to Marketproof’s monthly report. That drop mirrors the market segment’s fall performance, which is down roughly 21 percent year-over-year since the start of September. Contract activity for new development pales in comparison to the city’s performance as a whole, which has surged in the last few months despite concerns over how the November election of Zohran Mamdani might deter wealthy buyers. In November, overall […]
This article originally appeared on The Real Deal. Click here to read the full story.
The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951.
The maker of Zepbound reported results from a study of retatrutide, which targets three hormones in the body and led to much more weight loss than any approved drug.
U.S. imports and exports ticked up from lows the previous month when the president’s global tariffs went into effect, while the trade deficit continued to fall
Shares in the technology company are down as investors grow anxious that its bet on artificial intelligence, and OpenAI in particular, may not pay off.