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A Manhattan office building backed by Pimco"s Columbia Property Trust and Cannon Hill Capital Partners has been sold for $255 million, approximately 6% less than the value of its debt from Blackstone Mortgage Trust. This sale highlights the ongoing challenges in New York City"s property market.
An elite private high school in Newport Beach, California, is entering the bond market by selling approximately $54 million in municipal bonds. The funds will be used to construct a middle school and new athletic facilities, marking the largest capital project since 2018. The school's board includes executives from prominent firms like Pimco and Goldman Sachs.
Former executives from Millennium Management and Pimco have launched a digital-asset advisory firm named x2B. Benoit Bosc, a former portfolio manager at Millennium, and Michael Bressler, previously an executive vice president at Pimco, left their positions in October and August, respectively, to pursue this venture amid a pro-crypto sentiment following Donald Trump's reelection.
Franchise Group Inc. has received temporary court approval to borrow up to $250 million from senior lenders to maintain operations during its Chapter 11 bankruptcy proceedings. Bankruptcy Judge John Dorsey dismissed objections from lower-ranking creditors, who proposed an alternative loan with lower fees and interest but insufficient cash for the company's needs.
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manhattan office building sold for less than debt value
Cannon Hill Capital Partners
Savanna
Pacific Investment Management Company LLC
Columbia Property Trust Inc.
Blackstone Mortgage Trust, Inc.
USA
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18:20 19.11.2024
elite school in california launches 54 million municipal bond initiative
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Pacific Investment Management Company LLC
Activision Blizzard Inc.
USA
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18:41 12.11.2024
former executives launch crypto advisory firm amid pro crypto sentiment
Millennium Management LLC
Pacific Investment Management Company LLC
USA
Benoit Bosc
Michael Bressler
07:03 11.11.2024
franchise group secures 250 million loan to navigate bankruptcy proceedings
United States Dollar
Franchise Group Inc.
Pacific Investment Management Company LLC
USA
Pacific Investment Management Co
John Dorsey
Irradiant Partners LP
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23:17 06.11.2024
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