Wall Street CEO and mansion collector, Richard Jenrette dies at 89

The late investment banker and two-time CEO was known for his eccentricities, leadership and love of 19th century mansions. Richard Jenrette started his career as a sports journalist and life insurance agent before going to Harvard Business School to snag a job on Wall Street, according the Wall Street Journal. His clients included the actress Greta Garbo before, with two Harvard classmates, he went on to found securities firm Donaldson, Lufkin & Jenrette, which he […]

source https://therealdeal.com/2018/04/29/wall-street-ceo-and-mansion-collector-richard-jenrette-dies-at-89/

Guess the new must-have hotel amenity for high-end hotels

Luxury vacations are increasingly a family experience, which means high-worth individuals are toting their kids around the globe and expecting them to be entertained. The family travel industry is now worth $500 billion, according to Bloomberg, and hotels from the French Alps’ L’Apogée Courchevel resort to chains like Four Seasons and Ritz-Carlton are introducing kids clubs or programmed activities for the little ones. Some programs include adventure activities, others include language lessons. “After 9/11, people weren’t […]

source https://therealdeal.com/2018/04/29/guess-the-new-must-have-hotel-amenity-for-high-end-hotels/

Goldman Sachs inks marketing deal with former “Bachelorette” for consumer loan business

Starring on the ABC show is not just about love–it can also win you a job, as former “Bachelorette” JoJo Fletcher just proved. Goldman Sachs is trying to cash in on Fletcher’s reality TV cachet to sell loans for its consumer-lending arm, Marcus, according to Business Insider. Marcus and Fletcher have partnered on a series of promotional appearances to discuss the loans in front of the bank’s target audience — consumers in “middle America.” Fletcher […]

source https://therealdeal.com/2018/04/29/goldman-sachs-inks-marketing-deal-with-former-bachelorette-for-consumer-loan-business/

Abraaj tries to sell private equity business as Gates-led investigation continues

The embattled Abraaj Group is trying to sell off its investment business and have approached at least two potential buyers without success so far. The move comes while Abraaj is being investigated at the insistence of four investors who are questioning whether their money was misused in connection with a $1 billion healthcare fund. The concerned investors include the Bill & Melinda Gates Foundation and the World Bank’s International Finance Corporation. Abraaj is now undergoing […]

source https://therealdeal.com/2018/04/29/abraaj-tries-to-sell-private-equity-business-as-gates-led-investigation-continues/

Matt Lauer has a buyer for UES apartment

An unnamed buyer for Matt Lauer’s Lenox Hill co-op has been found. The sale price, though the deal is still pending approval from the board, of the 11-room apartment is just over $7 million, according to the New York Post. The listing went up earlier this month and was handled by Stribling & Associates’ Alexa Lambert, Julie Soffen and Marc Achilles. The former “Today” show co-anchor bought the property at 133 East 64th Street for $6 million in 2004. Lauer […]

source https://therealdeal.com/2018/04/28/matt-lauer-has-a-buyer-for-ues-apartment/

Why a nonprofit trust took out a $5.3M loan for 1,000 acres in North Carolina

The North Carolina Coastal Land Trust is taking a big risk in the name of history. The nonprofit trust is taking out a $5.3 million loan in order to buy a 1,000-acre property, according to the Associated Press, which it will preserve due to its history as the last-known location of the “Lost Colony”– a group of English colonists who set up England’s first settlement in North America in 1587 and disbanded by the time […]

source https://therealdeal.com/2018/04/28/why-a-nonprofit-trust-took-out-a-5-3m-loan-for-1000-acres-in-north-carolina/

The Mets are selling shares again following grim report on Citi Field revenues

The stadium’s prospects are not looking good for this season and beyond, and, by extension, perhaps not for the New York Mets either. S&P Global predicts the stadium will make very little revenue while operating costs rise, according to Forbes. The report also forecasts costs will increase by 2 percent annually until 2035. Unaudited documents obtained by Forbes, however, show revenues have been rising since 2015 when The Mets made it to the World Series: […]

source https://therealdeal.com/2018/04/28/the-mets-are-selling-shares-again-following-grim-report-on-citi-field-revenues/