John Gittelsohn

John Gittelsohn

February 25, 2022 | Daily Business Review

Gundlach Moves $134B DoubleLine Unit to Tax-Free Florida

Billionaire fund manager Jeffrey Gundlach has long complained about taxes and quality of life in California.

By Miles Weiss and John Gittelsohn

2 minute read

December 28, 2018 | ThinkAdvisor

Pimco, AllianceBernstein Pile Into Argentine Bonds

The floating rate bonds currently pay a rate near 60%.

By Pablo Gonzalez, Ben Bartenstein and John Gittelsohn

3 minute read

June 24, 2015 | Daily Business Review

Lennar Profit Beats Estimates as Jobs Gains Spark Buying

Miami-based Lennar Corp. jumped the most in nine months after reporting higher-than-expected earnings for its fiscal second quarter.

By John Gittelsohn

2 minute read

March 23, 2015 | Daily Business Review

Lennar Builds More Rentals as Slow Sales Pace Persists

Lennar Corp., the second-largest U.S. homebuilder, is raising its bet on rental housing as the pace of sales continues to drag.

By John Gittelsohn Bloomberg News

4 minute read

January 02, 2015 | Daily Business Review

Housing Costs for Renters Rose by $20.6B in 2014

Demand for rentals has grown after owners of more than 5 million U.S. homes went through foreclosure since 2007, mortgage lending tightened and younger families postponed buying because they can't afford or prefer not to own property.

By John Gittelsohn

3 minute read

July 11, 2014 | Daily Business Review

American Homes CEO Sees More Takeovers Amid Consolidation

As large investors such as American Homes gain access to lower-cost capital and develop greater management efficiencies, they will be positioned to buy smaller operators.

By John Gittelsohn

3 minute read

July 08, 2014 | Daily Business Review

Cerberus, Blackstone Loosening Credit For Landlords

Cerberus Capital Management, which initially targeted landlords with multimillion-dollar loans, is financing low-volume deals for small investors through its FirstKey Lending, with looser terms than government-backed mortgages from Fannie Mae and Freddie Mac.

By Heather Perlberg and John Gittelsohn

9 minute read

September 11, 2012 | Daily Business Review

Fannie Mae bulk sale of state foreclosures gets 96 percent of value

Fannie Mae's first auction of 699 foreclosed Florida homes was the first to be completed in the agency's auction of almost 2,500 repossessed properties in six states.

By John Gittelsohn Bloomberg News

3 minute read

November 29, 2010 | Daily Report Online

After $1 billion in losses, 'Condo King' perseveres

Early this year, as Jorge Perez struggled to restructure more than $1.5 billion of debt on mostly vacant Florida condominium projects, doctors discovered a golf ball-sized tumor on his pancreas. "You understand how vulnerable you are," Perez, 61, said from his Miami waterfront office, with a view of the skyline shaped by Related Group of Florida, the real estate company he founded in 1979.

By John Gittelsohn

11 minute read

April 16, 2012 | Daily Business Review

Bankrupt agent's $87 million estate goes to auction block

A bankrupt real estate agent's hilltop mansion, conceived during Southern California's property boom and once given an estimated value of $87 million, is going up for auction after failing to sell for two years.

By John Gittelsohn Bloomberg News

4 minute read