Entries tagged "Real estate"

Tishman, BlackRock take down 'for rent' sign

Tishman and BlackRock's move to stop renting apartments at Stuyvesant Town Peter Cooper Village while evaluating the impact of a court decision could push the owners into bankruptcy more quickly.

Buyer's remorse for Tishman, BlackRock?

A New York state court judgment ruled that Tishman, BlackRock and previous owners of Stuyvesant Town raised rents on tenants illegally. The ruling could cost the current and previous owners millions in back rent.

A look at Wells Fargo's 3rd-quarter earnings

Wells Fargo & Co.'s third-quarter earnings of $3.24 billion, or 56 cents a share, blew analysts expectations of $1.6 billion, or 35 to 36 cents per share out of the water.

Ex-Goldman banker's posh pad for sale

Steven Mnuchin, a former executive vice president at Goldman Sachs, has placed his 5,800-square-foot co-op in the world's richest apartment building up for sale.

Spitzer building real estate dealmaking resume

The former New York governor pulled off a deal selling a garage for $10.28 million, following his purchase (along with his family's real estate company) of an office building for $180 million.

AIG's woes could make Woo money

Even if the government never sees its money back from the bailout of AIG, at least real estate developer Young Woo could stand to make a killing from the insurer's near death experience.

Upbeat data: Just a result of gov't goosing?

The question that keeps coming up is whether a stronger housing market is at its core doing better or merely being fluffed by massive government stimulus.

Nets get a new owner after all

It seems the rumors of Russian nickel mogul Mikhail Prokhorov's interests in the New Jersey Nets basketball team turned out to be true after all.

Are 'recession's over' famous last words for Ben?

The Fed chairman says the recession is probably over. Those words could come back to haunt him.

Tishman, BlackRock are way underwater

Tishman Speyer Properties and Black Rock have lost more than $3.2 billion on their $5.4 billion acquisition of Stuyvesant Town Peter Cooper Village, according to RealPoint.

Morgan Stanley's Mack may buy $13.5M home

Morgan Stanley CEO John Mack may be purchasing a home in New York City for $13.5 million.

Sam Zell gets back to work 'gravedancing'

Sam Zell is diving back into distressed investing with the $625 million Zell Credit Opportunities Fund.

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