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Related Refinances 30 Hudson Yards With $425M Loan
It’s been a busy week for Jeff Blau: in addition to finding an anchor tenant for an office development, his company refinanced one of the key parts of Hudson Yards. Related Companies landed a $421.5 million loan from Bank of America to replace the previous debt at 30 Hudson Yards, PincusCo reported. The bank previously…
Principal Asset Management Adds Drew Fung for Debt Role – Commercial Observer
Drew Fung, who led Clarion Partners’ commercial real estate debt investment group for the last 14 years, will be taking on a similar role at Principal Asset Management. Principal appointed Fung as managing director of portfolio management focusing on commercial real estate debt investing, with a big emphasis on high-yield and structured debt strategies, the…
Stock earnings pick of the week: Costco puts US consumer resilience to the test
Stock earnings pick of the week: Costco puts US consumer resilience to the test !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Dramatic Stone Villa Perched on the Edge of Horseshoe Bay Comes With Boat-In, Boat-Out Access
A stone villa inspired by the palazzos of Venice, featuring boat-in, boat-out access and set in the heart of Texas Hill Country, has hit the market for $8.5 million. Built in 2014, the six-bedroom, 10-bath residence at 113 La Posada in Horseshoe Bay, Texas, roughly 50 miles northwest of Austin, spans three estate lots inside…
Moved Back Into My Childhood Home in My 30s; It’s Better Than Expected
The day after Thanksgiving, I learned I’d have to move out of my beloved century-old, two-bedroom apartment in Kansas City. My building had been taken over by a management company in another state. Unfortunately, this wasn’t the beginning of a Hallmark movie in which the protagonist unites with her neighbors to successfully push back against…
Cash Flow vs. Appreciation: What Should Beginners Focus on? (Rookie Reply)
You’ve read the books. You’ve listened to the podcasts. But you still don’t feel “ready” to invest in real estate. You’re not alone! This is one of the most common rookie struggles, and today, we’re showing you how to break free from analysis paralysis and finally get in the game! Welcome to another Rookie Reply!…
