In one of his final missives as the company’s leader, Mr. Buffett said he would accelerate his plans to disburse his fortune to his children’s foundations.
The complex process of taking Fannie Mae and Freddie Mac public is getting yet another wrinkle. Federal Housing Finance Agency director Bill Pulte said the mortgage giants were exploring avenues to pursue equity stakes in technology firms, Bloomberg reported. Pulte, speaking from a housing conference hosted by news and research outlet ResiClub, claimed technology companies were offering equity in exchange for partnerships. “We’re looking at taking equity stakes in companies that are willing to give it to us because of how much power Fannie and Freddie have over the whole ecosystem,” Pulte told ResiClub. Pulte added that he was hoping […]
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Alternative hospitality company Sonder Holdings will immediately wind down operations and plans to file for Chapter 7 bankruptcy, it announced Monday.
The operator of short-term rentals, which had about 8,300 units at 152 properties as of June, cited “severe financial constraints” from factors including challenges integrating its systems and booking arrangements with Marriott International.
“I would never invest in rental housing in New York,” a Florida real estate person emailed me in July. “No wonder there’s a rental housing shortage there. New York is a terrible place to be a housing services provider.” I like pointing out contradictions, so I replied that a housing shortage is good for investments in rental housing, because scarcity keeps rents high. But the Florida guy wrote back, “Not where there’s rent control and a war on housing services providers. And New York is the worst!” Why not invest in free-market rentals, which are about half of the city’s […]
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Neros, a company founded in 2023 by former teenage drone racers, won a coveted Army contract and is gaining popularity in the defense sector.
The Ghermezians have bought themselves another four years on their $1.4 billion Mall of America loan. The family’s Triple Five Group negotiated an extension on the $1.385 billion loan that matured in September, a source familiar with the negotiations told The Real Deal. The Ghermezians worked proactively with their special servicer to negotiate this latest extension, which required the owners of the 5.6 million-square-foot complex to kick in significant new equity and other collateral enhancements, the source said. The extension has a three-year term with an option for another year. This is the second time the owners have reworked the […]
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AI continues to be a major driver of future-looking investments — this time, New York City office leasing. Two AI firms secured places on October’s ranking of the largest office leases in the city; one of them as part of a three-way tie for third place. None of them, however, quite managed to snag the very top spot. Read on to find out who did. 1) BlackRock | 50 Hudson Yards | Hudson Yards | 194K sf The asset management company inked an expansion in the Hudson Yards building by way of a new sublease with Meta. A four-member JLL […]
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A delay in SNAP benefits mixed with a decline in foot traffic has many stores, restaurants and food producers concerned about sales.
The issue has buoyed Democrats and is resonating with an American electorate that is souring on the president’s economic agenda.
Airlines brace for further chaos, even as eight Democratic senators broke ranks with their party to back a deal that could end the shutdown.