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☆ Mark Cuban says he broke his No. 1 negotiating rule to buy the Dallas Mavericks: 'I was just like, yes'
▼ + stars: | 2024-04-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: 1 min

On television, Mark Cuban is a savvy and patient negotiator. But when the entrepreneur was a newly minted billionaire with cash to spend, he used a different tactic to buy the NBA's Dallas Mavericks. "It was all about fun," Cuban, 65, told NBA player Draymond Green's podcast, "The Draymond Green Show," on Monday. The following year, Cuban — a self-proclaimed basketball junkie — acquired a majority stake in the Mavericks for $285 million, from real estate developer Ross Perot Jr. The moment the deal was signed, Cuban hit the ground running, he told Green: "It was done.

Persons: Mark Cuban, Draymond, —, Ross Perot Jr, Green Organizations: Dallas Mavericks, Yahoo, Mavericks Locations: Cuban

☆ It sure looks like Mark Cuban is walking away from everything that made him Mark Cuban
▼ + stars: | 2023-11-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Billionaire Mark Cuban made a name for himself as a businessman and media personality. So it could well be the end of an era for the Mark Cuban that we've come to know. AdvertisementBillionaire Mark Cuban is many things — a serial entrepreneur who has dabbled in tech and pharmaceuticals, a reality TV star, and the longtime owner of the Dallas Mavericks. But if recent reports are anything to go by, that could soon be the Mark Cuban of yesterday, as he sheds parts of his portfolio emblematic of his public persona. This may very well be the end of an era for the "Shark Tank"-starring, Mavericks-owning Mark Cuban we've all come to know.

Persons: Mark Cuban, he's, —, Cuban, Adelson, He's, Henry Ross Perot, Joe Biden, Donald Trump, Tiffany Stewart — Alexis, Alyssa, Jake, all's Organizations: Dallas Mavericks, ESPN, Cuban, Service, Associated Press, Mavericks, Twitter, NBC, Republican, Hollywood, Cuban's Dallas Mavericks, Business Insider Locations: Cuban

☆ WeWork just warned it might fail, signaling commercial real estate is in serious trouble
▼ + stars: | 2023-08-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

The shared-workspace giant's woes may spell trouble for commercial real estate as a whole. "Excess supply in commercial real estate, increasing competition in flexible space and macroeconomic volatility drove higher member churn and softer demand than we anticipated, resulting in a slight decline in memberships," he said. What does this mean for commercial real estate? Commercial real estate has been one of the hardest-hit sectors of the US economy over the last year. Its failure could be a "systematic shock" to commercial real estate in many American cities, Stijn Van Nieuwerburgh told The New York Times in June.

Persons: WeWork, David Tolley, Elon Musk, Charlie Munger, Jeff Greene, Ross Perot, Van Nieuwerburgh Organizations: Service, Investors, Federal Reserve, Ross Perot Jr, New York Times, Columbia Business School Locations: Wall, Silicon

☆ Bill Ackman says it'll be a 'huge loss' if JPMorgan boss Jamie Dimon doesn't run for US president
▼ + stars: | 2023-07-06 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Ackman once again urged Jamie Dimon to campaign for US President. It would be a 'huge loss' if the JPMorgan boss didn't run for office, he tweeted. "It is a huge loss for us all if Jamie won't run," Ackman tweeted, alongside a video of the 67-year-old speaking at a conference hosted by The Economic Club of Washington D.C. in 2016. This isn't the first time that Ackman, who is the CEO of the hedge fund Pershing Square, backed Dimon as a potential president. Others including famed investor Warren Buffett, former US president Bill Clinton, and real estate developer Ross Perot Jr. have also praised Dimon's leadership qualities and political skills over the past decade.

Persons: Bill Ackman, Jamie Dimon, didn't, Warren Buffet, Bill Clinton, —, Jamie won't, Ackman, Dimon, Carlyle, David Rubenstein, Warren Buffett, Ross Perot Organizations: US, JPMorgan, Service, Privacy, The Economic, of Washington D.C, Ross Perot Jr, Bloomberg Locations: America

☆ Commercial real estate will suffer a recession if banks don't start lending again, warns property billionaire Ross Perot Jr.
▼ + stars: | 2023-06-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The commercial real estate sector is at risk of a recession, warned Ross Perot Jr. The real estate billionaire said banks needed to lend to the industry to avoid a sharp downturn. "The key to commercial real estate today though will be banking," the real estate billionaire and son of two-time presidential candidate Ross Perot told Bloomberg on Wednesday. Several commentators including Elon Musk and Bill Ackman have sounded the alarm on commercial real estate in recent weeks. "That is why we will have a real estate recession if the banks do not start lending."

Persons: Ross Perot Jr, —, Ross Perot, Elon Musk, Bill Ackman, stoking, Hillwood Organizations: Service, Bloomberg, Silicon Valley Bank, Signature Bank, First, Perot Jr, Perot Locations: Silicon, First Republic, —

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