Hedge fund executive Bill Ackman has proposed creating a new entity to merge with the real estate developer Howard Hughes Holdings (NYSE: HHH). CNBC reports the new entity would be a subsidiary of Ackman’s Pershing Square, which currently owns about 38% of Howard...
An unlikely new site for affordable housing, a spike in CMBS delinquencies and a very long wait to sell a home. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Dec. 30-Jan. 3. Hit: A Trashy Solution. New York City is taking a...
Hedge fund executive Bill Ackman is predicting the government-sponsored enterprises (GSEs) Freddie Mac (OTCQB; FMCC) and Fannie Mae (OTCQB: FNMA) will be privatized during the upcoming Trump administration. The GSEs have been in federal conservatorship since September...
Hedge fund executive Bill Ackman is considering a plan to take the Houston-based real estate firm Howard Hughes Corp. (NYSE:HHH) private. According to combined news reports, Ackman made his announcement in a regulatory filing. Ackman owns more than 37% of HHH’s stock...
Howard Hughes Holdings Inc. (NYSE: HHH) announced longtime board member Scot Sellers will be named chairman of the board of directors at its upcoming annual meeting. Sellers will succeed Bill Ackman, founder and CEO of Pershing Square Capital Management LP, who will...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
