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123 West 23rd Street and Adam Neumann (Google Maps; Getty Images)

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site

Former WeWork CEO Adam Neumann and partner Jeffrey Dagowitz have secured a $75 million refinancing for a Chelsea development...

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site
Photo illustration of Sam Zell (Getty, iStock)

For Sam Zell, it’s all about “foreclosures and opportunities”

Sam Zell’s Equity Commonwealth real estate investment trust has $3.4 billion in cash ready to deploy in these times...

For Sam Zell, it’s all about “foreclosures and opportunities”
Vitaly Malkin and Courchevel (Wikipedia)

The 1% are being hampered by France’s anti-shell company levy

A French court has ordered a Russian businessman to pay a $1.7 million tax bill on a ski resort...

The 1% are being hampered by France’s anti-shell company levy
CNA Financial CEO Dino Robusto

Will insurers cover coronavirus-related business losses? We may soon find out

A business insurer’s position that it isn’t required to cover coronavirus-related losses is set to face a legal litmus...

Will insurers cover coronavirus-related business losses? We may soon find out
Federal Reserve Chairman Jerome Powell (Photo by Sarah Silbiger/Getty Images)

Fed ramps up lending with new $2.3T program

The Federal Reserve is injecting an additional $2.3 trillion in loans to bolster a frozen economy, which continues to be on lockdown as the spread of the coronavirus accelerates. Thursday’s financing announcement came as...

Fed ramps up lending with new $2.3T program
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