Tag: distressed
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Mnuchin’s interest in TikTok and distressed NY bank echoes his pre-Trump investment playbook
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NEW YORK — It seems like a bizarre mishmash: A former Trump cabinet official is saying he wants to buy TikTok just days after leading a group that pumped $1 billion into a beaten-down bank. But it all actually fits in with the complicated career of Steven Mnuchin. The man who served as former President…
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Volunteer moms are distressed about the water being discharged from the Fukushima nuclear plant
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IWAKI, Japan — In a laboratory on the third floor of a nondescript building here, a group of volunteers pour water from plastic jerry cans through filters into large round-bottomed vessels. Others chop up dried fish and other foods and put them into small blenders about the size of a coffee bean grinder. These people…
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In a distressed CRE landscape, a source of rescue capital may already be in the deal
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Timothy Little and Scott Vetri One need look no further than the spate of half empty office buildings, closed retail stores and rising interest rates (which have impacted even well-performing asset classes) to see that commercial real estate owners are facing a turbulent 2023. Their challenges have been in the making for some time. In…