Tom Barrack News
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PokerStars, seeking to buy the Atlantic Club Casino Hotel in New Jersey, won a temporary court order barring owner Colony Capital LLC from ending their sale agreement or approaching others to purchase the property.
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Colony Capital LLC’s Tom Barrack said U.S. homes are in danger of becoming overvalued as low borrowing rates and an improving labor market fuel demand.
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Barry Sternlicht’s Starwood Property Trust Inc. said it will consider separating its single-family home rental business and investments in nonperforming residential loans from the rest of the company.
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Rents for single-family homes are rising slower than property prices as firms such as Blackstone Group LP flood the market with homes for lease, posing risks to investors betting billions on the burgeoning market.
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Hedge-fund manager Philip Falcone, beset by declining assets, federal securities regulators and the bankruptcy of his largest investment, is borrowing money against personal real estate he bought during better days.
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Ellington Management Group LLC, the $5.3 billion investment firm founded by Michael Vranos that specializes in mortgage-backed bonds, is moving into the rental- home business.
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Miramax Film Corp. and director Martin Scorsese are developing a TV series based on his film “Gangs of New York,” the studio’s first production since investors bought it from Walt Disney Co.
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Phil Anschutz has taken Anschutz Entertainment Group off the market after bids for the world’s second-biggest concert promoter and owner of the Staples Center in Los Angeles didn’t meet the billionaire’s demand.
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Colony Capital LLC founder Tom Barrack is betting $1.5 billion that single-family homes caught in the U.S. “butcher factory” of foreclosures are the basis for a new class of real estate investment.
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Tom Barrack’s Colony Capital LLC has taken the lead in the auction for Anschutz Entertainment Group after Guggenheim Partners LLC dropped out of the bidding, said people familiar with the matter.
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