Wow, a lot of people grouse about New Jersey. Constantly. It's too congested. The taxes are too high. Everything is so expensive. All of these statements are true. But there is one distinct advantage to living in New Jersey: we are dead center in the Northeast megalopolis. That giant, connected city that runs from Boston to [...]
According to the Wall Street Journal, Hedge Fund Orange Capital, LLC is pressuring luxury hotel Real Estate Investment Trust Strategic Hotels & Resorts, Inc. to liquidate its holdings, which include four Four Seasons hotels, two Ritz-Carltons and the J.W. Marriott Essex House in Manhattan. Orange Capital believes that the hotels are worth more on the open [...]
The Wall Street Journal reported today that the Norwegian Government Pension Fund Global plans to invest as much as $11 billion of the country's oil and gas money into real estate in major American cities. The Norwegians recognize that prices in major city markets are high, but according to Karsten Kallevig, the sovereign wealth fund's [...]
