By Patrick Danner Updated 1:40 pm CDT, Thursday, September 20, 2018 The USAA headquarters building, with downtown San Antonio in the background. The company said Thursday it is eliminating 265 positions in mid-November. The USAA headquarters building, with downtown San Antonio in the background. The company said Thursday it is eliminating 265 positions in mid-November. Photo: William Luther /Staff File Photo Photo: JOHN DAVENPORT, File Photo USAA's first office at Kelly Field. USAA's first office at Kelly Field. Photo: Courtesy Photo Group portrait of USAA's staff in the Calcasieu Building office, Dec. 26, 1923. From left to right: Robert G. Caldwell, Elsie Reinarz, William B. Loughborough, "Poppie" Armstrong, Martha Harvin, Virginia Gion, Adelaide Bloom and S.D. Smith. less … [Read more...] about USAA cutting 265 real estate jobs, including 100+ in San Antonio
Real estate
Exclusive: Saudi Arabia to auction detained tycoon’s real estate assets
By Marwa Rashad and Stephen Kalin RIYADH (Reuters) - Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world's 100 richest people, was detained last year for unpaid debts dating back to 2009 when his company, Saad Group, defaulted. His case is separate from the scores of Saudi businessmen and prominent figures who were held on corruption charges last year at Riyadh's Ritz Carlton hotel, although it touches on similar investor concerns about corporate governance. In what was Saudi Arabia's longest-running debt dispute, creditors have spent the past nine years pursuing Saad Group, which is based in the Eastern Province, for debt repayment. Etqaan Alliance, the consortium appointed late last year by a three-judge tribunal to resolve Saad's debt dispute, will sell the assets over … [Read more...] about Exclusive: Saudi Arabia to auction detained tycoon’s real estate assets
Paul Manafort Forfeits $22 Million in New York Real Estate in Plea Deal
Sections SEARCH Skip to content Skip to site index U.S. Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByJulia Jacobs Sept. 15, 2018 Paul Manafort, President Trump’s former campaign chairman, is forfeiting an estimated $22 million worth of real estate in New York — including three Manhattan apartments, a Brooklyn townhouse and a home in the Hamptons — as part of a plea deal with federal prosecutors announced on Friday. Under the terms of the deal, Mr. Manafort agreed to tell all he knows to the special counsel, Robert S. Mueller III, who is investigating Russian interference in the 2016 election. Mr. Manafort, 69, said he would turn over to the government the five properties in New York, including an apartment in Trump Tower, as well as the contents of three bank accounts and his life insurance policy. [Read the court documents ] Two of the Manhattan apartments, in … [Read more...] about Paul Manafort Forfeits $22 Million in New York Real Estate in Plea Deal
Bay Area real estate gains highest in country since recession
By Louis Hansen | [email protected] | Bay Area News Group PUBLISHED: September 13, 2018 at 11:55 am | UPDATED: September 14, 2018 at 4:34 am If you bought a Bay Area home in 2012, pat yourself on the back. You almost certainly doubled your investment, just by sleeping in your own bed. Home values across the country have stepped up since the aftermath of the Great Recession a decade ago, but nowhere have values vaulted higher than in the Bay Area. New research released Thursday by real estate website Trulia shows homes in the San Jose, Oakland and San Francisco metro areas have more than doubled in value since 2012. The cities ranked three of the top four in the country for appreciation: San Jose (122 percent) led the way, followed by Las Vegas (114 percent), Oakland (108 percent) and San Francisco (101 percent). By comparison, the S&P 500 index during that stretch rose 87 percent. Nationally, home values have grown 45 percent since 2012, when they hit bottom … [Read more...] about Bay Area real estate gains highest in country since recession
Real estate briefs: Fort Worth investor adds Spring apartments to portfolio
Published 5:00 am CDT, Friday, September 14, 2018 Fort Worth-based Olympus Property has purchased the 346-unit Alexan Auburn Lakes apartments at 6000 W. Rayford Road from Trammell Crow Residential and Prime Property Investors. The property was built in 2015. less Fort Worth-based Olympus Property has purchased the 346-unit Alexan Auburn Lakes apartments at 6000 W. Rayford Road from Trammell Crow Residential and Prime Property Investors. The property was built in ... more Photo: Berkadia Exterran Energy Solutions has leased 58,857 square feet at 11000 Equity Drive in Houston. Transwestern represented the landlord, The Seligman Group. Exterran Energy Solutions has leased 58,857 square feet at 11000 Equity Drive in Houston. Transwestern represented the landlord, The Seligman Group. Photo: Transwestern Western Post … [Read more...] about Real estate briefs: Fort Worth investor adds Spring apartments to portfolio