Continue Reading October 30th, 2009
pimg alt=”Lance Armstrong Headshot (BlackWhite).JPG” src=”http://www.businessweek.com/the_thread/hotproperty/archives/Lance%20Armstrong%20Headshot%20%28BlackWhite%29.JPG” width=”340″ height=”286″ /br /
Seven-time Tour de France champion Lance Armstrong is going into commercial real estate. According to a news release today: /p
blockquoteArmstrong … has joined with longtime agent Bill Stapleton and business manager Bart Knaggs to form CSE Realty Partners, a privately-held real estate investment company based in Austin, Texas. The trio, responsible for directing more than 20 successful enterprises since 1995 … have recruited 20-year real estate industry veteran Lance Sallis to lead the new company. /blockquote
pAs if that’s not enough athletic ability for one real estate company, the team will also include Patrick Jeffers, a former NFL wide receiver who played for the Denver Broncos Super Bowl XXXII Championship team. /p
pArmstrong is a natural-born entrepreneur. He’s also co-founded businesses ranging from hotels to artist management to live events to a bicycle shop to LiveStrong.com./p
pNote to the Austin real estate community: Do not, repeat not, accept an invitation to play these guys in any “friendly” game you can think of.br /
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Continue Reading October 30th, 2009
pimg alt=”money and house.jpg” src=”http://www.businessweek.com/the_thread/hotproperty/archives/money%20and%20house.jpg” width=”170″ height=”125″ //p
pEconomist and writer Katerina Alexandraki has launched a creative idea for easing the housing crunch this holiday season. She’s asking Wall Streeters getting big bonuses to contribute them to folks in danger of losing their homes. /p
pWall Streeters are expected to get a lot of heat this bonus season, both for creating the loose lending standards and securitization of loans that fueled the housing bubble and now for making a killing with stocks and distressed assets surging in value thanks largely to the trillions of dollars in government support. Check out the Web site for Katerina’s campaign, which she called a href=”http://bonusforhome.weebly.com/index.html”Bonus for Homes/a./p
pKaterina hopes to distribute the money to low-income earners and the unemployed., specifically folks who were victims of predatory lending or who are facing foreclosure. She describes it as “a private-sector initiative to address the anomaly that, while everyone, from top to bottom, public and private, is to blame for the financial crisis, some of us have fared much better than others.”/p
pShe’s looking for volunteers to contribute or to nag their fellow high-earners. Of course you could just as easily donate to local housing-related charities. Maybe even with company matching funds!br /
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