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PIMCO has raised more than $3B for a new opportunity fund and is already buying riskier mortgages and commercial real estate derivatives to hit its target returns. 
A filing from the Pennsylvania Public School Employees Retirement System said that as of September, PIMCO had raised $3.1B for its Bank Recapitalisation and Value Opportunities III fund. An analysis by Bisnow of filings with the Securities and Exchange Commission from the…
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New Tax Code Could Stymie Senior Housing Development
Senior housing financiers are scrambling to save funding for nonprofit senior housing before the new tax code passes. According to Senior Housing News, the House of Representatives' version of the GOP tax bill eliminates private activity bonds, important to nonprofit…
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Dan Doctoroff On Google's City: 'Unlike Amazon ... We're Not Looking For Handouts'Dan Doctoroff started his career as an investment banker, served as New York's deputy mayor for economic development under Michael Bloomberg, then left government to run Bloomberg L.P. But when the mayor finished his term and returned to run his company, Doctoroff wondered what to do next. “Then, I got an email from Eric Schmidt saying that Larry Page, the co-founder of Google, was interested in building the city of [the] future,” he said during Bisnow and Dreamit's cities of the future event in Tampa, Florida, on Tuesday. “I thought he was nuts.” |
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CoStar And Xceligent Reportedly In Settlement TalksThe yearlong legal battle between commercial real estate data giant CoStar and its largest competitor, Xceligent, could be nearing its conclusion. According to the Wall Street Journal, citing unnamed sources, the parties are reportedly in advanced talks to settle the case, which began in December 2016 with CoStar's intellectual property theft lawsuit. "We cannot discuss any such conversations," an Xceligent spokesperson told Bisnow. "There is a mediation process in civil cases that is confidential by court order, and anyone who was to discuss those conversations with a reporter could be facing jail time and should be concerned with the legal repercussions." |
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