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JPMorgan Chase Rescues First Republic Bank in Emergency Sale

JPMorgan Chase Rescues First Republic Bank in Emergency Sale

JPMorgan secured the acquisition of First Republic in an emergency government-led intervention. The bank will acquire First Republic's assets, which include $173 billion in loans. In addition, JPMorgan agreed to pay $10.6 billion to the FDIC. First Republic's failure ranks as the second-largest US bank failure.

Jordan B.
Jordan B.
New YorkNew York
+8+8
Genting's Miami Waterfront Lot Acquired for $1.2B

Genting's Miami Waterfront Lot Acquired for $1.2B

Terra is under contract to purchase a 15.5-acre waterfront site in Miami for $1.225B, marking one of the priciest land acquisitions in the country.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+11+11
Office Portfolio Concerns Weigh on Brookfield

Office Portfolio Concerns Weigh on Brookfield

Amid recent defaults and concerns over its office portfolio, Brookfield Corp. shares have fallen 7% since the asset manager spun off a 25% stake in Brookfield Asset Management in December.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
Office Space in the Sunbelt: Is the Heat Fading?

Office Space in the Sunbelt: Is the Heat Fading?

Office markets in popular Sunbelt cities are slowing down due to economic uncertainty and the shift to remote work. But not all Sunbelt markets are created equal.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+9+9
Pricier debt and signs of stress

Pricier debt and signs of stress

Investors are adjusting acquisition criteria due to higher risk, even though low leverage and all-cash buyers still dominate the net lease market.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
Bed Bath & Beyond Goes Bankrupt as Turnaround Flops

Bed Bath & Beyond Goes Bankrupt as Turnaround Flops

After losing shoppers and money for months, Bed Bath & Beyond, the once-dominant home goods retailer, has filed for bankruptcy protection.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+10+10
Goldman Sachs is Betting Big on Affordable Housing

Goldman Sachs is Betting Big on Affordable Housing

Amidst the housing affordability crisis in the US, Goldman Sachs has seized the opportunity to invest in affordable housing by acquiring a $1.15B portfolio.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+8+8
NYSE Delisting in The Works for WeWork

NYSE Delisting in The Works for WeWork

WeWork, a coworking specialist, has been informed by the New York Stock Exchange that it will face delisting from the exchange in six months if its share price fails to exceed the $1 mark, which is the standard requirement for a company to remain on the NYSE.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+14+14
Blackstone's Investment Strategy for $30B War Chest

Blackstone's Investment Strategy for $30B War Chest

After their largest raise in history, Blackstone (BX) is looking for fresh buying opportunities in today’s market.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+12+12
Rent prices drop YoY for the first time since 2020

Rent prices drop YoY for the first time since 2020

Rent in March posted the 1st annual decline in 3 years as the ongoing real estate slowdown continues hitting the rental market.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
Construction Industry Booms, but Labor Shortage Persists

Construction Industry Booms, but Labor Shortage Persists

The construction industry has become a pillar of strength in the U.S. economy despite labor shortages and rising expenses.

Jordan B.
Jordan B.
New YorkNew York
+8+8
Shadow Lenders Look to Capitalize on Void Left by Banks and Bond Market

Shadow Lenders Look to Capitalize on Void Left by Banks and Bond Market

As traditional banks and the bond market continue to shy away from commercial real estate, shadow lenders are taking an interest in the asset class.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
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