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December 5, 2019
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Steve Case: The 230 cities that lost HQ2 ‘perhaps can create the next Amazon’

CNBC
According to AOL co-founder Steve Case, the 230 cities that lost out learned they can jump-start their economies by developing start-up ecosystems. Source link: Click here for more
CNBC - Real Estate

M&G suspends UK’s biggest commercial property fund, blames Brexit

CNBC Real Estate
The UK’s biggest commercial property fund has been suspended after its adminstrators claimed “Brexit-related political uncertainty,” was causing investors to remove money at an unsustainable rate. Investment firm M&G added in a statement Wednesday that changing trends in U.K. retail were also having a negative effect on property demand. “In...
CNBC - Real Estate

Weekly mortgage applications drop 9% as refinances pull back

CNBC Real Estate
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week. Mortgage application volume decreased 9.2% from the previous week, according to the Mortgage Bankers Association’s seasonally...
CNBC - Real Estate

Billionaire Steven Schonfeld buys Florida mansion for $111 million

CNBC Real Estate
La Reverie, the six-acre estate on Palm Beach stretches over 70,000 square feet. Handout Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million, making it the most expensive home ever sold in Florida. Schonfeld, the founder of New York-based Schonfeld Strategic Advisors,...
CNBC - Real Estate

Pending home sales fall 1.7% in October, as housing shortage worsens

CNBC Real Estate
A pending sale sign in front of a home in Miami. Getty Images Demand for housing is high, but there aren’t enough homes for sale to meet it. Pending home sales, which measure signed contracts, fell 1.7% in October month-to-month, according to the National Association of Realtors. Sales were 4.4%...
CNBC - Real Estate

Mortgage refinances surge over 300% from a year ago

CNBC Real Estate
Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week....
CNBC - Real Estate

WeWork’s Marcelo Claure aims for positive EBITDA earnings by 2021

CNBC Real Estate
WeWork’s new executive chairman, Marcelo Claure, held an all-hands meeting with employees on Friday and outlined his plans to get theĀ embattled office-sharing company back on track and working towards profitability. For over an hour, Claure spoke broadly about WeWork’s values as well as the company’s need to regain trust with...

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