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Silicon Valley real estate
fromCurbed
3 weeks ago

Michael Shvo Just Lost His Most Prized Real-Estate Trophy

Real-estate developer Michael Shvo's trophy property portfolio has deteriorated significantly, forcing asset sales at substantial losses after years of pandemic-era acquisitions backed by German pension fund BVK.
from24/7 Wall St.
1 month ago

Blue Owl Tumbles as Investor Withdrawals Halted: Rugpull Or Business as Usual?

Blue Owl Capital ( ) shares are falling 9% in morning trading today after the firm announced it would permanently halt quarterly redemptions from its Blue Owl Capital Corporation II fund, known as OBDC II. This non-traded business development company (BDC), aimed at individual investors, will instead provide liquidity through periodic distributions as it sells assets and collects loan repayments.
Business
Fundraising
fromFast Company
3 months ago

SoftBank is racing to close a $22.5 billion OpenAI funding gap before 2026

SoftBank is urgently assembling $22.5 billion for OpenAI by year-end through asset sales, margin loans, and reallocating Vision Fund resources.
Real estate
fromtherealdeal.com
4 months ago

Did Elliot speed up the succession plan at Rexford?

Rexford accelerated CEO succession and pivoted to asset sales and share repurchases after Elliott's activist stake, leading to executive departures and board changes.
UK news
fromwww.theguardian.com
4 months ago

English councils plan to sell off social clubs and sports centres to balance books

English councils plan large-scale sales of assets including social clubs, sports centres and shopping centres to raise funds amid rising social care and housing costs.
Miscellaneous
fromwww.theguardian.com
4 months ago

Ukraine war briefing: Fire sale of Lukoil assets before start of US sanctions on Russia

US sanctions on 21 November are accelerating potential sales, nationalisations, or seizures of Lukoil's foreign refineries and oil assets.
Business
fromwww.theguardian.com
4 months ago

BP to ramp up asset sales as it reports fall in profits

BP will accelerate asset sales and cost-cutting, aiming to dispose of $20bn by 2027 after reporting a $2.2bn quarterly underlying profit.
UK news
fromwww.bbc.com
7 months ago

Schools, care homes and sports clubs sold off to pay spiralling council debt

UK councils are selling public assets to address spiralling debt of £122bn, enabled by government capitalisation directions and risky borrowing practices.
European startups
fromBusiness Matters
9 months ago

EG group profits plummet from $1.4bn to $10m following Asda forecourt sale

EG Group's pre-tax profits dramatically fell from $1.4 billion to $10 million due to major asset sales.
Despite profit drops, adjusted EBITDA showed slight growth, indicating some financial progress amid restructuring.
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