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Thursday, September 3, 2009

Buffett bets on real estate


Sept. 2 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. and Leucadia National Corp. agreed to pay as much as $490 million for Capmark Financial Group Inc.’s loan-servicing and mortgage business in a bet on the U.S. real estate market...

Capmark is one of the largest U.S. commercial real estate finance companies, with more than $10 billion in originations, according to Moody’s Investors Service. The company services more than $360 billion of debt.
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Eliot Spitzer wants out of real estate, and to run for public office again. Meanwhile Buffett wants in.

Maybe more women come with the public office gig!

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