Sunday, 12 January 2025

Finance & Mortgage

Farallon Capital Launches New Real Estate Fund Worth $400 Million

Farallon Capital Management LLC, a global investment firm is launching a new real estate fund seeking to raise up to $400 million. the company has set aside a separate fund exclusively for its asset class and hopes to pitch the fund to its existing investors to gain a 20 percent internal rate of return.

China’s New Home Prices Continue to Rise, Posing Difficulties for Government

New Home prices in China have posted a large and continuous growth since December 2011. Prices increased by 2.1 percent in Feb, 2013 from a year earlier while posting a 1.1 percent increase from a month earlier. The continuing trend is posing a major challenge for the government to avoid an asset bubble.

Empire State Building Gains Broad Support for IPO; Small Group of Investors Still Opposing

New York’s legendary Empire State Building is reportedly inching closer to its proposed IPO. Malkin Holdings LLC, the company that controls the building, declared that they have garnered three quarters of favorable votes from the building’s shareholders who have voted so far. However a small group of investors have been opposing the plan.

EDITOR'S PICKS

U.S. Home Foreclosures Record Sharp Drop in February ; Foreclosure Starts Spike 10 percent

Home foreclosures in the U.S. witnessed a sharp drop in the month of February 2013, further pointing at the resurgent housing market. However, the number of foreclosure starts/initial filings were up 10 percent in February when compared to the rates of January.
By Rapti Gupta
TPG Capital to Launch its First Real Estate Fund with $1 Billion Target

TPG Capital, one of the largest global private equity investment firms will be launching its first real estate investment fund with a target of at least $1 billion. The company expects to start raising capital for the fund by the second quarter of 2013.
By Rapti Gupta
William and Kate Making Room For Baby? Royal Couple Improves New Home at Anmer Hall

The future home of the royal Duke and Duchess of Cambridge was recently permitted to have a variety of improvements made, reported The Daily Mail.
By Ansa Varughese
James Franco Disturbing Neighbors From His Home-Based Production Company (PHOTOS)

James Franco's Silver Lake abode is now the new home for his "major production" company, reported The Daily Mail.
By Ansa Varughese
Supermodel Cheryl Tiegs Lists $12 Million Balinese-inspired Estate (PHOTO)

You may recognize Cheryl Tiegs on the cover of three decades-old Sports Illustrated issues, and more recently on "Celebrity Apprentice" as the first contestant to be eliminated. Now she's on another mission to sell her prestigious $12 million Balinese-inspired estate.
By Ansa Varughese
5 American Cities with Cheap Home Prices

If you are looking to buy a home but are worried about the budget, here is your answer- buy distressed property. MarketWatch has compiled a list of cities where buying foreclosed or distressed properties are the cheapest.
By Rapti Gupta
Blackstone CEO, Steve Schwarzman, Bets Big on U.S. Residential Real Estate

Since 2012, Blackstone acquired a whopping 6,500 of the homes that foreclosed in the eight major metropolises of the U.S., spending more than $1 billion in the process. Now as the largest owner of individual houses, rather than buying out or selling them the company will be renting properties.
By Ansa Varughese
Tiger Woods Sold Former Florida Home to Bubba Watson (Photos)

Tiger Woods, who is making a comeback after winning the WGC Cadillac Championship in Doral, sold his nearby Florida home to fellow golfer Bubba Watson, reported Golf.com.
By Ansa Varughese
Trulia Files For $150 Million Follow-On Offering

Trulia, the real estate lister and search engine, announced they will be raising $150 million to offer additional shares previously not released, or follow-on offering, so they can expand business ventures, reported TechCruch.
By Ansa Varughese
One Direction's Louis Tomlinson Drops $22,000 to Install Panic Room

Louis Tomlinson and his fellow band mates of One Direction are having a growing fan base, but with every step of fame comes a price. The latest price paid was for a panic room to be installed in his home.
By Ansa Varughese