The U.S. Department of Housing and Urban Development for the first time failed to sell some of the soured mortgages it’s auctioning off in the wake of the housing crisis, according to four people with knowledge of the results.
AWAS Aviation Capital Ltd., an Irish aircraft lessor with more than 260 jets, may turn to capital markets or bank lending to increase its pool of money available for plane purchases before its private-equity owner exits.
Oak Hill Capital Partners, the private-equity firm backed by Texas financier Robert M. Bass, will reap more than a 240 percent gain selling Local TV Holdings LLC to Tribune Co. for $2.73 billion, a person familiar with the matter said.
Blackstone Group LP raised more than $4 billion in 2009 to buy European property assets anticipating that cash-strapped banks would be forced to sell as the region’s debt crisis worsened. Almost all of it sat idle for two years.
Bethpage State Park’s Black Course, the public layout on New York’s Long Island that hosted U.S. Open golf tournaments in 2002 and 2009, was picked as the site for the 2019 PGA Championship and the 2024 Ryder Cup.