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.

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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