Property Investor With $1.9 Billion Prowls in ‘Mispriced’ Market

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Private equity executive Rob Kumer sees a buying opportunity as global financial markets grapple with the turmoil in commercial real estate.

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China Banks Approve $28 Billion Loans for Ailing Property MarketChina’s housing ministry said more than 200 billion yuan ($28 billion) of bank loans have been approved for property projects, the latest indication that lenders are heeding the government’s push to support the embattled real estate market.
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US Stocks Pause After Hitting Record Highs, Arm's Outlook Boosts Investor SentimentUS stocks opened near the flatline on Thursday, hitting pause after hitting fresh record highs, as investors cheered chipmaker Arm's outlook and looked for fresh impetus in the latest batch of corporate results.
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