LNR Property Corp., a large commercial real-estate company controlled by Cerberus Capital Management, recapitalized its balance sheet by issuing $417m in new equity to a group including Vornado Realty Trust, iStar Financial Inc. and Cerberus.
Most Popular Articles
Quicken Loans has become the largest mortgage lender in the country over the last few years due in large part to the growth of Rocket Mortgage, the company’s digital mortgage platform. As it turns out, Rocket Mortgage is becoming so big that it’s now consuming other parts of the Quicken Loans family of companies too, namely the company’s reverse mortgage lender.
Realogy will be renaming NRT, the business unit that includes Corcoran Group, Sotheby’s International Realty and Coldwell Banker.