The King’s New Castle: LeBron James just closed on this Los Angeles residence. Jim Barstch LeBron James closed on his third home in Los Angeles this week, a 13,000-square-foot mansion in Beverly Hills. He paid $36.75 million, slightly below the original listing price of $39 million. The property, built in the 1930s, belonged to the
Philadelphia came to market on Wednesday with an large airport bond sale on Wednesday, the latest in a series of large offerings the market has seen in 2020. Municipals made a move for the first time in a month, with yields rising as much as four basis on the intermediate and long ends of the
Arian Nemati is Co-Founder and CEO at ADEx and Ecognitionlabs.com, an AI research and development company. getty Change can be hard, especially if you’re implementing a new strategy. It may also be risky to take processes and methodologies that seemed to have worked in the past and change them up without knowing the outcome. But it’s the
The U.S. economy should continue to recover from the coronavirus-induced recession even if Congress puts off consideration of additional fiscal stimulus to 2021, Federal Reserve Bank of St. Louis President James Bullard said. “There may be enough resources right now, at least for 2020,” Bullard said Wednesday as part of a virtual question-and-answer period at
Hawaii had the top spot for one-bedroom rent decreases for 2020 getty Depending on where you live around the country some rental markets have been hit hard by the pandemic. Apartment Guide’s report looked at The State of The Rental Market. As we move into the fourth quarter Brian Carberrry, managing director at Apartment Guide
The civic arm of a prominent Chicago business group threw cold water on the state’s efforts to move to a graduated income tax in the absence of long-term fiscal plan that tackles pensions and overdue bills through reforms, cuts, and new revenues. Voters will decide the fate of the constitutional amendment — championed by Gov.
Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
At Charlie West in Hell’s Kitchen, each resident will receive $10,000 from the developer to furnish … [+] and design a home office. Reuveni Real Estate With the coronavirus pandemic upending lives, and in a real estate market with a glut of luxury apartments, developers in New York City are getting creative with special promotions
Municipal bond issuers flooded the primary market with deals in September, as volume increased 26.3% to $47.28 billion — the highest issuance in the month on record, dating back to 1986. This marks the fourth month in a row in which monthly volume has exceeded $40 billion, an occurrence that did not even occur during
CNBC’s Scott Wapner talks to Chamath Palihapitiya, Social Capital Founder and Chief Executive Officer during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Outspoken technology investor Chamath Palihapitiya said Wednesday that the Federal Reserve will have more influence over the markets in the next four years than whomever takes the White House in November.
Abbas Hashmi is an international Family Office and Sovereign Wealth Fund focused expert. Managing Director at Crito Capital. getty Investing in income-producing rental property can provide you with a solid return, depending on your specific goals and market. It is an especially attractive investment at a time like this — when the stock market is volatile,
Chicago-based CommonSpirit Health is eyeing the possible sale of up to $2 billion in the fourth quarter, the Chicago-based system reported in an investor notice. The system reported it was “currently evaluating” the financing to restructure and/or refinance existing debt including outstanding direct purchase bonds and to finance and reimburse itself for up to $750
Republican senators tried to distance themselves from Donald Trump on Wednesday morning, following the US president’s aggressive debate performance and his refusal to condemn white supremacists. In the first presidential debate on Tuesday night, Mr Trump repeatedly interrupted and spoke over Joe Biden, the Democratic challenger, in what quickly devolved into an ugly, acrimonious spectacle.
Check out the companies making headlines in midday trading. Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
The Continuum in Miami has a sanitizing butler for their beachfront ESPR Mudrooms are out. Instead the real estate world is giving a hearty welcome to disinfection rooms—the same physical space that mudrooms took up in a house, but now they’re being rebranded as a place for homeowners or their guests to take steps to
A Canadian flag flies amid the Toronto skyline Roberto Machado Noa | Getty Images Despite a global recession brought on by the coronavirus pandemic, home values in major markets around the world continue to rise, with some at risk of overheating. Of 25 major cities analyzed, more than half are either at risk of a
Market participants overwhelmingly think the Municipal Securities Rulemaking Board landed on the right person to lead the organization after a lengthy process. Kim, MSRB’s chief operating officer, was announced Tuesday as the new CEO starting on Oct. 1. After a year-long process, the board went with an internal candidate. After Former CEO Lynnette Kelly left
Barry Sternlicht, Starwood Capital Group Chairman and CEO, speaking during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Starwood’s Barry Sternlicht expects high flying technology stocks to fall from their heights if Former Vice President Joe Biden wins the 2020 election and Democrats take control of both chambers of Congress. ”Maybe long term, two,
People view the Space Needle from Kerry Park as smoke from wildfires fills the air in Seattle, … [+] Washington, U.S., on Wednesday, Sept. 16, 2020. This has been a terrible year for urban life. Photographer: Chona Kasinger/Bloomberg © 2020 Bloomberg Finance LP Everyone in New York is talking about it. Friends and colleagues fled
Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets. Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas
A firefighter passes a residential property as flames engulf a California hillside. © 2020 Bloomberg Finance LP Nearly 2 million homes with a reconstruction cost value of more than $638 billion are at an elevated risk of wildfire damage this year, according to a new report by data analytics provider CoreLogic. This wildfire season is
As Virginia’s public colleges and universities navigate through the negative effects of the coronavirus pandemic, state leaders plan to use “scoop-and-toss” deals to provide them fiscal relief over two years. The bond refinancings are expected to save the state’s 16 public colleges and universities about $300 million by deferring debt service payments, according to Aubrey
CEO of States Title, the family of companies using technology to make the residential real estate closing experience instant and affordable. getty Fannie Mae and Freddie Mac recently announced that they would charge lenders an “adverse market refinance fee” on refinancing loans with an original principal amount above $125,000. This fee goes into effect on December
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | Getty Images Pending home sales rose 8.8% in August compared with July, reaching a record high pace, according to the National Association of Realtors survey, which dates back to January 2001. Sales were 24.2% higher
Wildfires on the West Coast and a seemingly unending train of hurricanes threatening the coasts along the Atlantic Ocean and the Gulf of Mexico provided an unmistakable sense of urgency as sustainable finance leaders from around the world converged online last week for the first virtual Climate Week NYC. But the concerning headlines about climate-related
Vered Schwarz is the President and COO of Guesty, an end-to-end property management software for short-term rentals. getty Before the pandemic, those investing in short-term rentals as a side revenue stream knew that they typically demanded 30% more revenue than traditional long-term lets. For that reason alone, many homeowners sought out property management companies that specialized
The pension plans for New York’s Metropolitan Transportation Authority are suing fund manager Allianz Global Investors in federal court, claiming risky investments “decimated” their balances when COVID-19 struck. These MTA plaintiffs lost 97.3% of the value of their investments between Dec. 31 and their final redemptions on April 23, according to a complaint filed Sept.
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for the foreseeable future due to restrictions imposed by California. Palantir (PLTR) – Palantir
Prasan Kale is CEO of Rise Buildings, a property technology platform powering connections between people & buildings. getty We all know the old saw: The three most important things about real estate are location, location, location. And I’m not here to tell you that location isn’t still the single most important thing about real estate. It
Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates are apparently not as impressive as they used to be, likely because rates have been so low for so long. The average