Real estate crowdfunding platform Cadre, once valued at $800M, is in talks to be acquired.
A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products.
CEO Ted Decker says costs are improving as suppliers demand fewer price increases.
Soho Properties has filed another bankruptcy petition in an attempt to keep foreclosure at bay for the Margaritaville Resort Times Square Hotel, though it said it is close to securing funding for the property.
The company filed the petition late last week to place its fee owner entity, 560 Seventh Avenue Owner Primary, under Chapter 11 protection, PincusCo reports.
“Although the hotel is on the upswing, it still faces a multitude of defaults with its lenders, franchise holders and vendors, creating the need for a global restructuring among all stakeholders, which can best be achieved in Chapter 11,” Soho Properties Executive Vice President Sethian Pomerantz wrote in the filing, per Commercial…
TSG Entertainment, which helped finance hits including “Avatar: The Way of Water” for Twentieth Century Fox, is suing the studio and its parent company Disney for alleged breach of contract.
Investors are worried about the Chinese economy teetering as well as signs that the U.S. economy may be growing too fast for inflation to moderate.
MetLife Investment Management is doubling down on single-family rentals, closing its latest fund with $390M to target the sector, the company announced Tuesday.
Capital for MetLife Single Family Rental Fund came from institutional investors around the world for the first closed-end vehicle of the firm’s real estate equity team, according to the release.
“We have a high level of conviction in the demand for single family rentals, and we see this fund as a natural extension of our experience investing in other housing segments, where our perspective as a leading institutional investment manager has served clients well,” Robert Merck, global head of real estate…
Investors and real estate agents eager to capitalize on the catastrophic Maui wildfires have reportedly been calling affected landowners with speculative offers.
Attempted land grabs are among the latest reports of unsavory behavior in the wake of the deadliest blaze in more than a century. Reports of the calls come as crews work to contain the blaze, which has resulted in an estimated $6B in damage, injuries and 99 confirmed fatalities, according to NBC News.
“This is disgusting,” Maui resident Tiare Lawrence said in an interview with MSNBC. “Lahaina is not for sale.”
The union plans to hold a strike authorization vote next week with its labor contracts set to expire Sept. 14.
Laird Landmann and Steve Kane, two of the firm’s top bond investors, will leave.