John Gittelsohn
Bloomberg
Los Angeles, CA, United States
Contact John
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by John:
Even Wealthy Landlords Are Skipping Payments on Office Buildings
Commercial real estate gave investors a long-term fixed asset to love. But rising interest rates and remote work will bring more defaults to downtowns near you. → Read More
Two Office Landlords Defaulting May Be Just the Beginning
With at least $92 billion of office mortgages maturing this year, landlords are under increasing pressure. → Read More
California Home Sales Plunge 21% as Soaring Mortgage Rates Hit
The pace of purchases in June was down the most since May 2020, when the pandemic lockdown was in full effect. → Read More
US Mortgage Rates Surge to 5.78% in Biggest Jump Since 1987
Soaring borrowing costs are starting to cool the US housing market as buyers struggle to find properties they can afford. → Read More
Billionaire Caruso, Lawmaker Bass Advance to LA Mayor Runoff
It’s down to a billionaire and a veteran politician in the Los Angeles mayoral race. → Read More
Billionaire Developer Rick Caruso to Enter Race for LA Mayor
Rick Caruso, a billionaire real estate developer and civic activist who’s never held elected office, plans to enter a crowded race for mayor of Los Angeles, according to a person familiar with his plans. → Read More
Billionaire N.Y. ‘Bottom Feeder’ Buys Malls as Others Run Away
Igal Namdar has made a fortune buying shopping malls no one else wants. → Read More
LA Mansion Once Set for $500 Million Price Tag Is in Default
A massive Los Angeles hilltop mansion with an asking price once touted at $500 million now faces a notice of default. → Read More
Record Low Mortgage Rates Widen Historic U.S. Economic Divides
Minority homeowners are losing ground in the K-shaped recovery. → Read More
Urban Exiles Are Fueling a Suburban Housing Boom Across the U.S.
Low mortgage rates and the emerging Covid-era lifestyle spark a surge in demand in California’s Inland Empire and other bedroom communities. → Read More
Blackstone Snaps Up Studio Lots for a Slice of Streaming Riches
TV and film locations are a relative bright spot in commercial real estate, but even they are challenged by Covid-19. → Read More
Musk Tesla Plan ‘Doesn't Make Sense to Me,’ Janus CEO Says
Elon Musk’s plan to take Tesla Inc. private “doesn’t make sense” because it was poorly communicated and calls for a high valuation, the chief executive of Janus Henderson Group Plc said. → Read More
Bill Gross's Slumping Fund Sees $580 Million of Outflows This Year
Investors pulled a total of about $580 million from Bill Gross’s bond fund in the first half of this year and he turned in the worst performance among his peers during the period. → Read More
Atul Gawande Says His Goal Is Better Health Care for 1 Million Workers
Atul Gawande, named to head a new health-care venture jointly formed by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co., said he’s now in a position to reduce waste and improve medical treatment for a million workers. → Read More
Trump Insiders Seek Pardon for Milken, King of Junk
Some of President Donald Trump’s closest confidants have urged him to pardon Michael Milken, the 1980s “junk bond king” who has unsuccessfully sought for decades to reverse his securities fraud conviction, according to people familiar with the matter. → Read More
Guggenheim's Minerd Sees Recession Looming in About Two Years
Guggenheim Partners’ Scott Minerd has his eye on the yield curve and says it’s not looking good. → Read More
Pimco Rises Under a New Team at the House That Bill Gross Built
It’s tempting to see Manny Roman and Dan Ivascyn as a clichéd odd couple running the firm. But their collaboration is more complicated than that. → Read More
Bond-Legend Bill Gross Had a Nightmare Day Yesterday
Bill Gross had his worst day in four years yesterday. For other bond managers, it was more like Christmas in May. → Read More
Pimco's Kiesel Says Investors Should Increase Cash, Cut Credit
Now is a good time for investors to increase their cash holdings because stocks are fully priced and bond prices are falling as interest rates climb, according to Pacific Investment Management Co.’s chief investment officer for credit. → Read More
Calpers Launching Startup and Long-Term Private Equity Funds
The largest U.S. pension is making its biggest push ever into private investing, with plans to pour as much as $13 billion a year into non-public companies. → Read More