According to recent reports by The Times, Blackstone Group has poured close to $740 million into California real estate through January. But, writes the Los Angeles Times, with the sharp recovery in home values, finding deals on properties these days is not easy, said Jon Gray, the global head of real estate for the firm.
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Pennymac sticks to its strategy as the market continues to shrink HW+
The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio in 2022.