Redwood Trust Inc. (NYSE: RWT) has launched a joint venture with funds managed by Oaktree Capital Management L.P. to invest in business purpose bridge loans originated by CoreVest American Finance Lender, a division of Redwood. According to the companies, the total...
Charles Cadogan, the 8th Earl Cadogan and one of Britain’s wealthiest real estate executives, passed away on June 11 at the age of 86. According to the Daily Mail, Cadogan headed up Cadogan Estates, which owns nearly 100 acres of prime real estate in the Kensington...
Last week, New York City Mayor Eric Adams filed a lawsuit against 30 counties in upstate New York for refusing to accept illegal immigrants currently housed across the Big Apple. “Since this crisis began, New York City has — virtually on its own — stepped up to...
Elon Musk is being blamed for screwing up Goldman Sachs’ (NYSE:GS) first quarter results for refusing to pay rent on his Twitter offices. The Financial Times reported the financial institution was burdened by a spike in commercial real estate loan delinquencies during...
Blackstone (NYSE:BX) announced that funds managed by the company’s Blackstone Tactical Opportunities division acquired a majority stake in New Tradition Media, an out-of-home media operator with assets across the nation’s largest markets. Founded in 2010, New...
The Mortgage Bankers Association (MBA) announced the nomination of Christine Chandler to serve as the organization’s vice chairwoman for the 2024 membership year. Chandler is executive vice president, chief credit officer and chief operating officer with M&T...
