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The iconic mansion from 'The Godfather' is back on the market at a $105 million discount. Look inside the Beverly Hills estate.

Jim Bartsch The iconic mansion seen in 1972 classic film "The Godfather" is back on the market for $89.75 million. That's a roughly $105 million discount from its $195 million asking price in 2016. In the movie, the mansion was the home of movie producer Jack Woltz, who woke up with a severed horse head in his bed after crossing the Corleone family. See more stories on Insider's business page. The historic Los Angeles mansion where the classic 1972 film "The Godfather" filmed...
Tags: Real Estate, Beyonce, Entertainment, California, Los Angeles, Trends, Features, Beverly Hills, John F Kennedy, The Godfather, Paramount Pictures, Mansions, Jay, Long Island, Ross, Mediterranean


Pacaso raises $75M, goes from launch to unicorn in 5 months

Pacaso, a less-than-one-year-old startup that is out to give more people a chance at second home ownership, announced Wednesday that it has received $75 million in growth funding at a $1 billion valuation. Greycroft and Global Founders Capital co-led the $75 million in equity financing, which is notable for a few reasons. For one, the team. Former Zillow executives Austin Allison and (CEO and co-founder) Spencer Rascoff came up with the concept of Pacaso after leaving Zillow together about 18 mo...
Tags: Fundings & Exits, Startups, TC, Europe, Real Estate, Mexico, Funding, San Francisco, Tech, Venture Capital, Park City, Zillow, Caribbean, Global Founders Capital, Greycroft, Austin Allison


Alamo Drafthouse Reunites ‘Lord of the Rings’ Cast For Special Q&A Screenings to Support Local Cinemas

One cast to rule all the local cinemas, and in the darkness save them. Alamo Drafthouse Cinema is bringing the fellowship back together for special Q&A screenings with The Lord of the Rings cast in support of local cinemas around the world. Moderating the Q&As with director Peter Jackson and cast members Elijah Wood, Sean Astin, Cate Blanchett, Orlando Bloom, Billy Boyd, Ian McKellen, Dominic Monaghan, Viggo Mortensen, and more is The Late Show host and longtime J.R.R. Tolkien fan Stephen Colbe...
Tags: Texas, Movies, Stephen Colbert, Events, Andy Serkis, Colbert, Exhibition, Alamo Drafthouse Cinema, Elijah Wood, Wood, Peter Jackson, Tolkien, Liv Tyler, Fortress Investment Group, Alamo Drafthouse, Fandom


Inter Milan Miss Loan Payment To Manchester United

I wrote earlier this week about the financial troubles that Inter Milan’s Chinese owners are in. Inter owe over €200m in transfer fees to other clubs, with their biggest debt being too Manchester United for the signing of Romelu Lukaku back in 2019. Inter still owe United over €50m for Lukaku, and it appears that they have failed to make a €5m bonus payment to the Premier League side. According to Italian outlet Il Corriere dello Sport, that missed payment has triggered a clause in the contract ...
Tags: China, Sport, Soccer, Premier League, Manchester United, Italy, Finances, Serie A, Man Utd, Jose Mourinho, Inter Milan, Romelu Lukaku, United, Pif, Lukaku, Inter


Alamo Drafthouse Has Filed for Bankruptcy, But Only a Few Locations Will Be Closing

It’s no secret that the coronavirus pandemic has been hitting the movie theater industry hard. Sadly, one of the best movie theater chains around has filed for bankruptcy and will soon be under partially new ownership. The Texas-based movie theater chain Alamo Drafthouse announced that they have filed for Chapter 11 bankruptcy as part of an asset purchase agreement with Altamont Capital Partners, a previous investor in the company, as well as affiliates of Fortress Investment Group, a new finan...
Tags: Texas, Movies, Los Angeles, Austin, Starbucks, Ritz, Fortress Investment Group, Alamo Drafthouse, Tim League, Altamont Capital Partners, Business and Industry News, Shelli Taylor, Austin Alamo Drafthouse Cinema, Alamo Drafthouse Ritz As Alamo Drafthouse, Alamo Drafthouse Taylor


The movie-theater chain Alamo Drafthouse Cinema has filed for bankruptcy and is being sold

Kathy Tran Alamo Drafthouse Cinema has filed for Chapter 11 bankruptcy. The filing is part of a sale to Altamont Capital Partners and affiliates of Fortress Investment Group. Visit the Business section of Insider for more stories. The specialty theater chain Alamo Drafthouse Cinema has filed for Chapter 11 bankruptcy as the coronavirus pandemic continues to devastate the movie theater industry in the US.The filing is part of a sale of "substantially all its assets" to its lender group tha...
Tags: Texas, Movies, Media, Entertainment, US, Trends, Alamo Drafthouse Cinema, Bankruptcy Court, Fortress Investment Group, Alamo Drafthouse, Tim League, Altamont Capital Partners, Movie Theaters, Alamo Drafthouse Cinemas, Travis Clark, Kathy Tran Alamo Drafthouse Cinema


Omnispace raises $60M to fuse satellites and 5G into one ubiquitous network

5G has been on a tear the last few years as wireless operators and smartphone manufacturers have made a marketing push touting higher bandwidth and lower latency for users. Yet, for all the attention that 5G gets from consumers, some of the most important new applications for the next-generation wireless technology are actually on the enterprise side. The canonical example is self-driving cars, which will presumably rely on a combination of edge computing, low latency and high bandwidth in order...
Tags: Fundings & Exits, Mobile, Space, Spacex, Hardware, India, Funding, Tech, Asia Pacific, Fortress Investment Group, StarLink, Viswanathan, Omnispace, Thales Group, Joshua Pack of Fortress Investment Group, SPACs Fortress Value Acquisition Existing


California auditor slams state for housing crunch, wasted bonds

By Romy Varghese | Bloomberg California has no comprehensive approach to building affordable housing and its mismanagement resulted in the loss of $2.7 billion of bond-issuing authority that could have gone toward preventing more residents falling into homelessness, according to a report from state Auditor Elaine Howle released Tuesday. While the state has four agencies providing financial support to housing developers, their requirements are “misaligned and inconsistent, which results in an unn...
Tags: Business, Real Estate, News, California, Housing, Sport, Soccer, Las Vegas, Affordable Housing, Ma, Fortress Investment Group, Fiona Ma, Elaine Howle, Howle, Top Stories LADN, Top Stories OCR


Trump had $270 million in debt forgiven after failing to repay lenders for his 92-floor Chicago skyscraper, according to a NYT report

US President Donald Trump. Getty President Donald Trump has had more than $280 million in debt forgiven since 2010, the New York Times first reported.  Most of it was linked to money he owed lenders for the construction of a massive skyscraper in Chicago, according to tax return records and loan documents viewed by the paper. Trump borrowed money for the Trump International Hotel & Tower from Germany's Deutsche Bank and Fortress Investment Group, a private equity firm, the report said. Whe...
Tags: Germany, US, Trends, Chicago, New York Times, Deutsche Bank, Times, Donald Trump, Fortress, Trump, Fortress Investment Group, Trump Organization, Trump International Hotel Tower, Alan Garten, Times Trump, Trump Deutsche Bank


The 2019 Achievements of Fortress Investment Group

In the year that just ended, 2019, Fortress Investment Group was one of the biggest achievers in the business sector. This firm is a globally renowned private equity manager with more than 1,750 clients worldwide. Fortress has its headquarters in New York manages more than $41.5 billion in assets. This firm also boasts of a 900-member workforce of experts who closely work with its clients to help them realize their investment goals. Here are the achievements of this private equity firm in 2019. ...
Tags: Japan, New York, Entrepreneur, Investment, Las Vegas, New Media, Fortress, Southern California, Fortress Investment Group, Private Equity Firm Plans, Brightline USA


Find Out How Randal Nardone Became Successful by Following His Heart and Mind

  Many people plan to start a business but just a few who take time to think about how the business would succeed. Starting a business and making it succeed are two different things, and most people don’t realize this. While it takes money to start a business, it takes leadership to make it succeed. In any business, you discover a great leader by their willingness to delegate, plan, control, and organize business projects. Great business leaders like Randal Nardone know the principles they need ...
Tags: Ceo, Mind, Fortress Investment Group, Verdana, Randal, Business Leader, Randal Nardone, Investment Services Firm


Fortress Investment Group, Polished Examiners

Fortress Investment Group is a company that helps individuals maintain and accomplish a sound and steady stream of cash flow that can ultimately save themselves, their companies, and their personal life. They use wealth managing techniques to face the problems that the clientele is facing at the given moment. There is no telling what can be achieved when utilizing this platform to its fullest. Fortress Investment Group has a thorough understanding of what to do in every angle of the market condi...
Tags: Investment, Fortress Investment Group, Business Leader, Fortress Investment Group Polished Examiners


Peter Briger Corporate Role at Fortress Investment Group

After twenty years of outstanding and brilliant leadership in the hedge fund investment sector, Fortress Investment Group was assimilated into an international financial business named SoftBank Group Corporation. The purchase of Fortress Investment Group as an entity went for roughly $3.3 billion and is popularly considered to have paved the way for new developments and embraced the challenges incurred in private equity funds together with real estate. In 1998, Fortress Investment Group was crea...
Tags: Florida, New York, San Francisco, Entrepreneur, Supervalu, New York Stock Exchange, Tiffany Co, Fortress Investment Group, Wes Edens, Businessman, SoftBank Group Corporation, Peter Briger, Brilliant Leadership, TSX Broadway, Pompano Beach Florida Learn


For American High-Speed Rail, 2020 Could Be Turning Point

(CNN) — High-speed rail, long an afterthought in the United States, is making significant progress in the unlikeliest of times. While the economy has sputtered this spring and summer during the Covid-19 pandemic, high-speed rail projects have scored key wins. XpressWest, a passenger rail project between Las Vegas and greater Los Angeles, a distance of about 170 miles, received the rights two weeks ago to build on the Interstate 15 median. Brightline, the Miami company that runs the project, plan...
Tags: Europe, Japan, New York, Texas, News, Microsoft, Obama, California, La, China, Africa, US, California News, Los Angeles, San Francisco, Joe Biden


Career and Life Achievements of Fortress Investment Group Principal, Peter Briger

Fortress Investment Group’s Board of Directors Co-Chairman and Principal, Peter Briger is a living legend in the alternative asset management sector. Today, he heads one of the best global management firms for alternative assets. His achievements and accomplishments in business through the years have earned him position 317 in the Forbes Top 400 Billionaires list. These are many spots up from No. 962 four years earlier. As a business leader, Peter is loved by his employees and colleagues. To the...
Tags: Investment, Goldman Sachs, University of Pennsylvania, Princeton University, Peter, International Finance Corporation, Fortress Investment Group, Wharton School of Business, Bitcoins, Management Committee, Briger, Business Leader, Helping Create Professional, Peter Briger, Fortress Investment Group 's Board of Directors Co, Pete Mr Briger


How To Go In-House, And How To Excel Once You’re There: An Interview With David Stiepleman

After graduating from Columbia Law and spending five years at Cleary, David worked as an in-house lawyer at Goldman Sachs and Fortress Investment Group, before becoming COO of a multibillion-dollar business.
Tags: Law, Advice, Wall Street, Goldman Sachs, Career Advice, Biglaw, Fortress Investment Group, In-House Counsel, Cleary Gottlieb, Cleary Gottlieb Steen & Hamilton, Columbia Law, Goldman Sachs and Fortress Investment Group, Sixth Street Partners, David Stiepleman, Cleary David


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. Google, Facebook, and other tech companies are reportedly in talks with the US government to use your location data to stop the coronavirus and to see if social distancing is really working. The reported plan comes after several meetings between tech industry leaders and White House officials in the past week as the US scrambles to mobilize the private sector to help fight the spread of COVID-19.  Facebook wrongly blocked new...
Tags: Apple, Google, Amazon, Facebook, Hong Kong, White House, China, US, Trends, Nasa, Italy, Alexa, Google Facebook, Fortress Investment Group, Amazon Alexa, Watch Google


A company that bought Theranos' patents is using them to sue a health startup working on coronavirus tests

A company that bought patents from failed blood-testing startup Theranos has filed a lawsuit claiming that a health startup that recently launched three COVID-19 tests is infringing on those patents. The company behind the lawsuit, Fortress Investment Group, said that it didn't know that the defendant, BioFire Diagnostics, was working on COVID-19 tests when it filed the suit. Fortress now says it will offer royalty-free licenses to companies using its patented technology to fight COVID-19 — bu...
Tags: Apple, Softbank, Trends, Intel, Beverly Hills, Jeff Bezos, Delaware, Fortress, Theranos, Elizabeth Holmes, LLC, Labrador, Fortress Investment Group, COVID, Labrador Diagnostics, BioFire Diagnostics


Brightline's president explains how Florida's private rail service is betting on the Super Bowl to coax new riders out of their cars

Brightline, a private train between Miami and West Palm Beach, is capitalizing on Super Bowl week to juice its ridership.  The company's president, Patrick Goddard, explained the creative ways he's coaxing drivers out of their cars in a "market where train travel is kind of foreign."  By the end of 2020, Brightline — soon to be called Virgin Trains — hopes to break ground between Los Angeles and Las Vegas.  Click here to read more BI Prime stories. Tens of thousands of football fans will desc...
Tags: Florida, Los Angeles, Trends, Miami, Miami Dolphins, Las Vegas, Amtrak, Orlando, Business Insider, Disney World, South Florida, Fort Lauderdale, West Palm Beach, Edens, Fortress Investment Group, Virgin Trains


NextNav raises $120M to deploy its indoor positioning tech to find people in skyscrapers

NextNav LLC has raised $120 million in equity and debt to commercially deploy an indoor-positioning system that can pinpoint a device’s location — including what floor it’s on — without GPS . The company has developed what it calls a Metropolitan Beacon System, which can find the location of devices like smartphones, drones, IoT products or even self-driving vehicles in indoor and urban areas where GPS or other satellite location signals cannot be reliably received. Anyone trying to use their ...
Tags: TC, Lyft, Uber, Technology, Bluetooth, Fcc, California, Washington, Virginia, Articles, Tech, Smartphone, Smartphones, Nasa, Chicago, United States


Brightline is on the cusp of connecting Disney World to Miami by train. Its owner explains what's next in the railroad's quest to beat Amtrak at its own game.

The state of American passenger rail travel is bleak, yet demand is booming. Amtrak is on track to break even in the next fiscal year, despite what some passengers see as declining service and not to mention ever-rising fees. In Florida, Brightline has built a successful train between Miami and West Palm Beach, with grand plans to connect Disney World by 2022. Business Insider spoke to Wes Edens about the company's transformation into Virgin Trains USA, expansion plans, and other potent...
Tags: Europe, Florida, Texas, Milan, London, Colorado, California, Washington, Boston, Milwaukee, New York City, Disney, US, America, Los Angeles, San Francisco


Apple, Intel file antitrust case vs SoftBank-owned firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.
Tags: Money, Softbank, businessNews, Apple Inc, SoftBank Group Corp, Fortress Investment Group, Intel Corp, Apple Intel


Fortress to sell CMQ to Canadian Pacific

Canadian Pacific has agreed to acquire Central Maine & Quebec Railway from Fortress Investment Group. No financial terms were disclosed. CMQ owns rail lines mostly in Quebec and Maine. The transaction is currently expected to close at the end of 2019. PRESS RELEASE CALGARY and NEW YORK, Nov. 20, 2019 /PRNewswire/ – Canadian Pacific (TSX: CP) (NYSE: CP) and Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) announced they have entered into a definitive agreement whereby CP will...
Tags: New York, Trends, Canada, United States, Maine, M&a, North America, Pacific, Quebec, Calgary, Fortress Investment Group LLC, Fortress Investment Group, Central Maine Quebec Railway, Saint John New Brunswick, Krs, Business Services


Apple, Intel file antitrust case against SoftBank-owned firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.
Tags: Money, Softbank, businessNews, Apple Inc, SoftBank Group Corp, Fortress Investment Group, Intel Corp, Apple Intel


Apple, Intel file antitrust case against SoftBank-backed firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against SoftBank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits demanding as much as $5.1 billion from Apple.
Tags: Money, Softbank, businessNews, Apple Inc, SoftBank Group Corp, Fortress Investment Group, Intel Corp, Apple Intel


Softbank says it has now invested $18.5 billion in WeWork, “more than the GDP” of Bolivia, which has 11.5 million people

Yesterday, in addressing nervous WeWork employees at an all-hands, the company’s new chairman, SoftBank executive Marcelo Claure, told those gathered that their days of worrying are over, says Recode, which obtained a leaked recording of the meeting. In comments that may stun industry observers who haven’t done the math — and upset at least some percentage of SoftBank investors — Claure is quoted as telling employees: “We have guaranteed the future of WeWork, but more importantly is we’re puttin...
Tags: TC, Fcc, Softbank, Tech, Bloomberg, Sprint, WeWork, Department Of Justice, Bolivia, SoftBank Group Corp, Masayoshi Son, Fortress Investment Group, Claure, Masa, Marcelo Claure, CFIUS


Fed up of playing Whac-A-Mole with network of SoftBank-owned patent holders, Intel hits court

Chipzilla invokes Sherman and Clayton Acts in attempt to have contracts declared void Intel is taking legal action against a spider's web of patent holders from SoftBank-owned Fortress Investment Group and its network of subsidiaries.…
Tags: Softbank, Intel, Software, Sherman, Chipzilla, Clayton, Fortress Investment Group


Fed up of playing Whac-A-Mole with network of SoftBank-owned patent holders, Intel goes to court

Chipzilla invokes Sherman and Clayton Acts in attempt to have contracts declared void Intel is taking legal action against a spider's web of patent holders from SoftBank-owned Fortress Investment Group and its network of rights-holding subsidiaries.…
Tags: Softbank, Intel, Software, Sherman, Chipzilla, Clayton, Fortress Investment Group


Unizo keeps door open for Blackstone, Fortress talks

Unizo Holdings said Monday it would continue talks with Blackstone Group and SoftBank-backed Fortress Investment Group on a potential takeover, raising the possibility of a bid battle between the two global buyout firms.
Tags: Money, Softbank, businessNews, Blackstone Group, Fortress Investment Group, Unizo Holdings, Blackstone Fortress


Fortress again extends Unizo offer: Reuters

Fortress Investment Group has extended its tender offer for Unizo Holdings for a second time, Reuters reported. Fortress’s offer was thrown into doubt after Unizo last week said that Fortress hadn’t met its demand for a higher offer price or it concerns about the employment of its current staff, the story said.
Tags: Real Estate, Trends, Fortress, Reuters, Fortress Investment Group, PE Deals, Unizo, Unizo Holdings