February 25, 2022 | Daily Business Review
Gundlach Moves $134B DoubleLine Unit to Tax-Free FloridaBillionaire 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 BondsThe 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 BuyingMiami-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 PersistsLennar 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 2014Demand 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 ConsolidationAs 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 LandlordsCerberus 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 valueFannie 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' perseveresEarly 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 blockA 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
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