and you are lenders, so that means your are lending your money into real estate secured by real estate, so you're, you're taking advantage of at least a couple of our strategies we teach, and so far, i hear it's going great. tell us who you guys picked, tell us how that's going and tell us about a deal. - we met a lot of people networking through the system, and one of the great things about this is, if you follow the system and you verify everything that you're taught to verify, the numbers fit. the people that we've met through the network have been fabulous, they've been great to work with. everybody learning the same system, we all speak the same language, so it's a lot easier to communicate with each other. - [nick] and what you've learned is your network is your net worth and you're tapping into that because we are thousands of people strong, investors strong, and that's a big asset. (dramatic music) - [judy] and to see it go from nothing to what it is, has been great. - and one of the great things is to see the transformation of the properties from what they were to what they wi

mike martin, real estate development. i want to briefly run through the terms of the memorandum of understanding. starting with the plan view of the leased premises under the m.o.u. starting with historic firehouse the blue vehicle tangle on the bottom of the slide. the rent payable is $1.60 per square foot which is the rate for shed space in this area. moving outward from that to the red dotted around it is the marge namarginalwhat of. rent -- wharf. it will be the large green going up to the top of the slide from that is the water area within which would be the gangway, steel float and new firehouse construction as well as the birthing areas to the left and right of the new steel float. that will be payable 9 cents per square foot. we have negotiated that with reference to the maritime benefits of the operation in terms of life and safety and other benefits to the operations and mission of the port. moving to additional terms. 50 year term with rent escalation during that term. project construction will take approximate

>> there's ordinary real estate selling. and there's this. >> i'm really rich. >> leveraging the presidency to make money. >> who's interest is he working for? american people or his wallet. >> tonight, a look inside "the trump family business." ♪ ♪ money, money, money, money >> reporter: the fall of 2006, after a series of corporate bankruptcies, donald trump is back. bigly. >> my name is donald trump and i'm the largest real estate developer in new york. >> reporter: that's not reality. it's just reality tv. a tv star. with "the apprentice" to promote him. >> you're fired. >> and whatever he is selling. >> i turned the name into the highest quality brand. >> he's selling and building a lot. >> the trump international hotel and tower. is the site of my latest development. >> reporter: that's downtown new york city. there was also northern mexico. just ten miles from the u.s. border. trump is offering five star luxury to people who couldn't think they could ever afford. >> big windows. beautiful kitchen. >> that's amazing. l

this is what real estate developers do. yes.l estate business run by the president of the united states family. >> reporter: journalist spent more than a year investigating trump projects in india. what she found is deeply concerning. >> india particularly when it comes to real estate has this reputation. for being very corrupt. >> which don jr. appeared to acknowledge at a conference there. >> there's an entrepreneurial spirit here. that is --. >> in order to make just a simple warehouse in a city like mumbai. you need 40 different permits. each step what helps facility the process or moves it along to get it to move faster. so you're not waiting years. is a bribe. >> every other country goes in and do what they have to do. >> paying describes in foreign countries can be a violation of the foreign corrupt practices act. the law makes it a crime in the united states for american businesses to knowingly pay bribes to foreign government officials. not only is trump on record against it. >> it's a horrible law. it should be changed

the gold elite membership plan was supposed to be trump's fabulous, personal mentoring of your real estated trump secrets to work for you. >> all it was was a marketing scheme. people were signing up with this with no real means to pay for it. >> it's estimated that trump university brought in about $40 million and trump got around 5 million. >> it was pretty good money for trump. it was pretty good. >> but eventually there were multiple lawsuits and it ended up a big money loser for trump. >> so when they come to settle, i said i'm not going to settle and the problem with settlers when you settle, everybody sues you. >> after he won the election, he settled for $25 million. >> he got back around 35,000. >> that's a quarter of what she says she lost. 70 grand on seminars and webinars? and another 80 grand on rental properties recommended by her mentor. >> i hold donald j. trump personally responsible for this scam? >> how has your life changed because of trump university? >> completely. we are now renting. we had like to buy a house. we got approved for the house but the down payment and t

the gold elite membership plan was supposed to be trump's fabulous, personal mentoring of your real estater you. >> all it was was a marketing scheme. people were signing up for this with no real means to pay for it. >> it's estimated that trump university brought in about $40 million. and trump got around $5 million. >> it was pretty good money for trump. it was pretty good. >> but eventually there were multipresident lawsuits a multiple lawsuits so it ended up a big money loser for trump. >> the problem with settlers, when you settle, everybody sues you. >> after he won the election he settled for $25 million. >> we got back around $35,000. >> but that's just a quarter of what wood says she lost. $70,000 on seminars and webinars and another $80,000 on rental properties recommended by her trump university mentor. >> i hold donald j. trump personally responsible for this scam. >> how has your life changed because of trump university? >> completely. we are now renting. we'd like to buy a house. we got approved for a house. but the downpayment and the monthly payments are going to be too muc

kept saying this is what real estate edevelopers do and this is a real estate business being run by thef the united states's family. >> journalist angly spent more than a year investigating trump projects in india. and what she found is deeply concerning. >> india, particularly when it comes to real estate, has this reputation for being very corrupt. >> which don jr. appeared to acknowledge at a conference there. >> are you willing to bend rules when it suits them? >> i think there's an entrepreneurial spirit here that is -- >> so in order to make even just simple warehouse in a city like mumbai you'd need 40 different permits and each step what helps facilitate the process, what moves it long so you're not waiting years is a bribe. >> every other country goes into these places and they do what they have to do. >> but it can be a violation of the foreign corrupt processes act. the law makes it a crime in the united states for american businesses to knowingly pay bribes to foreign government officials. not only is trump on record against it. >> it's a horrible law and it should be change

we have had a very strong sort of real estate and construction market. that has not made perhaps working for the city as interesting as it might be going forward. we need to understand what staining stage we are. there may be firms out there but they find working in the private sector is easier and therefore they haven't been as interested in city contracts. we need to just -- we are just making assumptions and guessing. we need facts to understand if this is an availability issue, interest issue, and outreach issue. we are jumping to conclusions without knowing. >> generally speaking we would do an open house and bring in people interested in the work who are not certified or look to the the listing to see who is fallen off and taking work and do the analysis for like engineering where we were struggling with the ads needed which has changed with the last go around. that was a lot of groundwork to see who is not coming in, who do we need to get certified working through cmd. we haven't laid that groundwork to say this is the number. we haven't done the

that did not help in terms of real estate prices. there was already great pressure , high prices when we started in 2010. the influx of population and jobs put more pressure on the housing stock that was available you can see the median housing price reflects that going up from $690,700 in 2010 to $1.1 million in 2017. a 60-point 7% increase. it has gone up since then since we had the 1.3 million that i just reported from two months ago. the booking institution measures inequality indexes. here is the numbers they reported in 2017 that compares the year of 2016 and 2014. at that point, san francisco ranked sixth of all of the 100 largest u.s. city is in terms of income inequality, and you can see the report -- they report and cup at -- income at the 95 th percentile, which means 95% of the households enchantment cisco have income less than that. 5% have more and they reported of the 20th percentile, same concept of 20% of the population below that amount and 80% is above. so there you see the differential of 15.9 between the 507 -- 5

with us now is bronwyn corbett, chief executive of grit real estate income group.nks for having me. what is going on right now? i have to ask you, being a massive african company investing all over africa, being south african yourself, what is your view on the elections? ironic i sit here on the day of the elections. we don't invest in south africa. you have started some of the challenges in south africa and that is what we have said that meant you had stated. being south african, you know things have to resolve themselves. south africa is the —— balance of the continent and it has been the leader in so much of the sophistications of the continent. it is negative. it is very important that the elections hopefully will achieve some of these key aspects even for our business. even if we don't invest in south africa, the importance of south african success and the economy's success is critical for the balance of the continent. where do you invest and why? it is such a vast array of different african countries and what they have to give or not as the case may be. absol

we have miss claudia here from the real estate commission. >> thank you.consideration is a resolution authorizing a ten year option to extend the term of the lease at 520 jones from june 1st, 2019, to may 31st, 2029. it is used for 75 single resident occupancy rooms, plus about 9 rooms for tenant services at pacific bay inn. the department of homelessness and supportive housing has jurisdiction over the use. tenants include individuals with a history of homelessness and may have a disability related to mental health, aids or h.i.v., an substance abuse. the city gave written notice of their intention to exercise the first option to extend the lease. unfortunately, the landlord failed to provide notice to the city of the new rent amount within 30 days of the city's notice option as required by the lease. real estate followed up and on april 2nd, actually provided the landlord with the rent amount they believe should be paid based on the formula set forth in the lease, using 51% of the monthly allowance for a zero bedroom rent unit in the city in the most rec

so, so, if you want to leave your real estate company to your child or your children, they like real tate, they have an aptitude, and you love them, and they love you; otherwise don't do it. to hell with them. [laughter] i've seen parents that are so badly treated by their kids. and the parent comes to me, oh, i love my child. and i'm saying to myself, man, that child treats them badly. so i would tell him, you know, your child is not a good child. don't leave him anything. but for those of you in the room, and i would say that includes probably 90%, i'd say there's 10%, who does not love your child or children? anybody want to raise your hand? no, i can't believe that guy raised his hand. i'm not going to ask your name. i'm not going to get you. but what we have now is you don't have to pay any estate taxes. you know what that is? that's a big deal. because a lot of times, and it happened with the farmers, where in some cases, they're land rich, but not income rich, but the farm has been in the family for 150 years, and they love it, and they do well, and that's what they do, and the

i've made my millions of dollars in real estate, i built an empire in real estate. did i earn it? yeah, you bet i earned it. i went after it, i went and got it. i took what this country provides you, and i went and got it, but you know what i'm gonna do now, is i'm gonna give back. - part of success is getting the training that you need so that you understand what you're doing. - i want to teach you how to build wealth. with fear and unemployment,n wt and people think we're in a bad economy, and i want to show you how to have fun doing it. i want to show you how i take my life, raising my family. i get to pursue the things i love, and the things i want to do because i'm financially free from real estate. - anybody could do this for money, but they're doing it because they believe in it and they want other people to be successful. obviously they're successful at it, but they're just showing you proven concepts. if we wanted to make millions of dollars, we needed all the information that they had. - [man] what was different in going to nick is all the people there presenting, they'd

almost all real estate developers did and often renegotiate with banks. it was sport. additionally, the very old information put out is a highly

probably as important as to why real estate will continue to perform. >> people saying i have stocks, bonds, i need real estate and that kind of thing >> i would parse it a bit further which is institutions. they've been consistently focused on the asset class 10, 12 points of their allocations have been in commercial real estate they're going up a couple hundred basis points individuals are well under allocated. they have less than a percent and they manage $10 trillion, $15 trillion >> individuals do? >> individuals do. so we think the demand drivers, low interest rates, growing allocation >> if i'm an individual and i say, okay, i'm not going to take advantage of low rates to buy my primary house but maybe commercial really estate, what areas? how do you do it >> financial advisers today have a lot more tools at their fingertips to give advice to individuals. we think about -- our job is to find properties and we have a fairly bottoms-up approach so that black creek we really think about it as buying in intersections. >> literally traffic intersections or intersections of -- >> so

. >> i am originally a real estate guy. tethat active real tax returns, frankly, don't tell much of a picture. a more relevant picture is really following cash flow, and i doubt that the materials that "the new york times" has given us is anything other than net results. for a real estate guy to have ownsdeductions, who a lot of brick-and-mortar, is not unusual. ,rik: so the fact, for example and i am picking the "new york now," story as fact right is that he would have reported losses of $250 million in 1990 and 1991. it doesn't say that much about the success or not of his business. sam: he might have been a disaster, i don't know. but using this as a measure of whether he's successful or not, there's not much to measure. the interesting question, and hopefully they will maybe find other basis for entering it -- for answering it, but tax returns from a real estate guy not really relevant. erik: when you were developing real estate in the 1980's and 1990's, were you availing yourself of some of the same provisions in the ta

taylor: and are they a tech company or real estate company? find all of these stories on businessweek.com over the weekend. jason: and check out our podcast available on itunes, soundcloud, and bloomberg.com. taylor: more bloomberg television starts now. ♪ when you rest on a leesa hybrid mattress. bedtime is no longer simply the time you go to sleep. it's time to switch off and catch up. enjoy me time, and we time. 40 winks or 8 hours solid. the leesa hybrid mattress combines two technologies to give you deeper rest and rejuvenation. 1,000 pocket springs provide edge to edge support, responsiveness and comfort while premium foams relieve pressure. keep you comfortably cool and limit motion transfer. leesa's hybrid mattress is not only recommended by experts. experts choose to sleep on it too. try it yourself in any west elm store. or order online and we'll ship it to your door so you can try it risk free. the leesa hybrid is american made. built to last. and because everyone needs a place to rest we donate tens of thousands of mattresses to th

taylor: and are they a tech company or real estate company?ind all of these stories on businessweek.com over the weekend. jason: and check out our podcast available on itunes, soundcloud, and bloomberg.com. taylor: more bloomberg television starts now. ♪ scarlet: i am scarlet fu. this is bloomberg "etf iq." we focus on the access, risks and reward offered by exchange traded funds. ♪ ♪ scarlet: trade driven risks, managing the renewed risk of a long drawn out trade feud between the u.s. and china through cross asset etf picks. from goldman to hedge funds, nancy davis has ridden the wave of shipping investor cases. she explains why she is trying to etf her business. and next-generation vehicles. an etf on autonomous driving maybe shifting investor interest

taylor: and are they a tech company or real estate company?all of these stories on businessweek.com over the weekend. and check out our podcast available on itunes, soundcloud, and bloomberg.com. taylor: more bloomberg television starts now. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪ carol: i'm carol massar in for emily chang, this is the " best of bloomberg: technology." coming up, we highlight our coverage from boston, including the innovation in industries that are driving the city. we have got guests leading the way in biotech, academia, and sports. we sat down with a guest getting his thoughts on the trade war,

taylor: and are they a tech company or real estate company?l of these stories on businessweek.com over the weekend. jason: and check out our podcast available on itunes, soundcloud, and bloomberg.com. taylor: more bloomberg television starts now. ♪ ♪ david: so marriott itself started in 1927. arne: a&w root beer stand on 14th street. david: it was a big story that a non-marriott became ceo. arne: i've worked with marriott for the 23 years i have been at the company. david: the mini bar has the same thing, pringles and toblerone. arne: we figure sooner or later, the government will say that is a balanced meal. [laughter] david: when i check out, they want my credit card again. arne: they shouldn't need that unless there is something deeply suspicious about you. david: that could be the case. that could be. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way.

still ahead, an express guide to real estate in monaco.where guyana becomes a testing ground to save the world to save rain forests. taylor: and in the politics section, brexit's toll on britain. editor joel weber joins us. you have been covering this for three years. what is the latest? joel: we always talk about it from a politics perspective, but we actually wanted to use a moment to talk about a is this moment, which is really an underlying thing with this. data andooked at the talk to business owners, these effects, long before we have any form of a resolution in terms of what brexit will look like are , being dramatically felt on the british economy. jason: and it speaks to the strength of the british pound. that has an effect on what things cost for companies. joel: you can see what has happened in the pound, gdp growth is another. 600 million pounds per week have basically disappeared since the referendum. it is about 2.4% smaller than the projections would have otherwise been from a gdp perspective, so it is like an incredible shr

not oreo. >> real estate? >> what's the o stand for. >> own organization. >> real estate owned, what happens when a property goes to real estate. >> the secretary mistook re for oreo. he seemed a little stunned whe asked if he kew what the ac dpli acronym oreo means. he took a picture of a pack of oreo cookies and thanked for and offered her a snack of oreos. the oreo cookie company decided to capitalize on the moment tweeting reo stands for really excellent oreook co. everyone knows that. if you noticed in the picture, yes, dr. carson served up a package theouble stuffed variety. >> he will not make that mistake again. >> not again. >>> next at 11:00, working for you to keep your car safe amid thousands of car break-ins in our area. >> one woman tells the news4 he i-team had eight car break-ins herself just last year. > byhe thousands in our local driveways and street curves. >> a neighborhood investigation revealing break-ins everyday in our. ar >> what thieves are targeting and what police want youo do righ

the largest business in the world's real estate.d-largest is the infrastructure it's all built on,. . so these are enormous businesses. when i say it's slow, they are still incredible amounts of infrastructure being privatized all around the world. in fact, much, much more outside of the united states. governments do not have the money. therefore, they are going to skip the steps of government ownership and going right to private infrastructure. that's occurring today and increasingly around the world. jason: when you lok across your businesses, what worries you the most in 2019? where are you seeing warning signs? >> we don't see big issues in the economy out there. clearly, valuations are higher than they were 10 years ago, seven years ago, five years ago, three years ago, a year ago in the stock market. interest rates look like they are going up but they don't look like they are going up at the current time. those are the things that could disrupt the markets. when that happens, how it happens is a political issue. i say when we

real estate is no longer about living space. as the scabbard that apartments are now becoming speculative commodity on the global financial market for these sort of investors renters are more trouble than they're worth. housing is being treated like a commodity. like gold but gold is not a human right housing however is a human right and you will find it in human rights law and that's the difference so you can't trade housing michael. the market value of all real estate is now more than double that of the gross national product of the entire world john investment companies like blackstone have bought up tens of thousands of properties worldwide but people are fighting back in berlin politicians have begun to react buying back thousands of apartments for use of social housing and there's even talk of evicting owners and seizing property for the people. who own in those dark investigative pieces scott this is obviously such a huge social issue can films like this actually help to shape the debate i hope so i mean the important thi

real assets, meaning real estate plus natural resources was up, i think, 15. so we had really monster contributions from particularly real assets and also private equity and also to a degree, real estate. >> thank you so much. >> and that's what causes that, where you see on the far right, the public equity contributed negative 4%. but our total return was slightly in the positive, that little white dot. we're one of the very few plans -- they were three plans that made money last year, and we were the top ranked in the country because of private equity and natural resources and good selection throughout the portfolio. >> thank you. >> thank you, bill. we can examine it further. page 10 talks about the performance analysis for 2018. we see 12 data points, data we pulled from custodian, and it's provided by the system. you will see that the first column on the bottom chart table talks about sfers total return in 2018 was a quarter pe percen. we compared to benchmark of 70-30. how did we construct that? we took 70% of global equity net return and 30% of u.s. bloo

. >> i read "the art of the deal" and wanted to get into real estate. as you know,investments. that's why willie and i go to the dog track. >> that's why i handle the checkbook. >> long on the puppies. >> what's so interesting is, and why this actually is news -- republicans go, oh, that's not right. >> case closed. >> case closed. this doesn't mean anything. it actually does. willie, that nbc report from 1 '91, the belief was then that donald trump was flying high in the '80s, then crashed when the economy went down in '90/'91. they thinks went terribly wrong for him. what this "new york times" report shows us is it was ualwas a scam. even in the years leading up to "the art of the deal," he'd lost hundreds of millions of dollars. while he was losing money, his father was making money. in fact, his fathers only losses were investments in his son, and he'd already given his son the equivalent in 2019, like $415 million to get him started. he lost all of that money. he lost all the $415 million and more. >> this is the second chapter in a story that began by the same group of re

i'm the director of real estate. i have with me jamie from the office of public finance who will speak to you as part of this presentation going to the details of the c.o.p. financing. i'm seeking your recommendation for the two resolutions before you. it would authorize the purchase of real property located at 814 through 820 bryant street and 476th street. gained lots are approximately 24,000 square feet with a single use mcdonald's building consisting approximately 2000 square feet. do we have the slides? thank you. the purchase price is $11,520,000 or $480 per square foot. with transaction cost and site preparation, the acquisition cost is not to exceed $12 million. in january 2016 the board of supervisors gave oral direction to the real estate division to negotiate the acquisition of some of the parcels on this block which is adjacent to the h.o.j. and anticipation of a future rebuilding of the hall of justice. you can see in this slide here, the acquisition that is currently before you is outlined in red. in ju

an reo. >> real estate? >> what does the o stand for. >> e.rganization. >> real estate owned, that's what property is called when it goes to foreclosure, we call it an reo. >> trevor: oreos? he's a legend. ( laughter ) what if he said oreo again. real estate oreo, it's a cookie you can live in. ( laughter ) i like how he was confident as well. he reminded us of all in school, and what is the o? ( mumbling ) answer ) ( laughter ) and i know a lot of people say this hearing proves ben carson doesn't know a lot about his job but at his defense, no creature is at its best after hibernation. let's move on to the top story! ( cheers and applause ) fox news. it's the number one cable news network in america and probably the last thing your grandpa saw before he died. right now, fox news is at the center of a big debate among democrats who are running for president. >> elizabeth warren's refusal to hold a town hall on fox has sparked a debate among democrats in the 2020 field, to fox or not to fox. >> the democratic national committee say it's not som

owner of wework is setting up a new real estate investment platform to buy and develop commercial realate around the world. >> this is bloomberg markets. i am shery ahn in new york. amanda: i am amanda lang in toronto. story, san francisco the first u.s. city and maybe not the last two band of facial recognition software for use by government agents these orc agencies that sell to governments. that includes the police. private businesses can still use it. i really interesting privacy issue that we have not tackled in many cities. because weld spread are seeing legislation being considered in oakland and massachusetts. capitol hill last month introduced a bill that could ban commercial facial recognition on the government side of things. we continue with these high sticks -- high tech stories and formerly known as we work they have launched in acquisition and management platform, it is the latest move for the ceo in his quest to turn the office space renting start up into his own landlord. here to talk about the challenges and the fury behind the strategy -- theory behind the strategy i

we have claudia from the real estate division. >> good morning again. the city currently owns and operates 2800 megahertz communication systems. the first is an emergency radio system used by police, fire, and other emergency management agencies for first responders in the field to communicate with each other and dispatch centers. the second system is used by public works and public agencies for their daily operations. the department of emergency management and the department of technology are currently upgrading and replacing the current system and are combining them into one system. the new system consists of ten radio communication sites and primary dispatch site designed to provide radio coverage throughout the city and san mateo county, especially during an emergency event. these are sites that the city has telecommunications, equipment, and towers on for years. real estate has brought a few of them before the board and they have all been approved. one market plaza is one of the original sites and one of the ten communication radio sites needed for

real estate market today. >> we have been generally liquidating our real estate portfolios because we folcused n how the it was priced to perfection. the industry as a whole has slowed down quite a bit but i don't see it as, you know, a big buying opportunity but i think we are probably in the first stages of a conversion from a very, very strong supply shortage environment and maybe one with excess to buy and maybe a little softer. liz: what do you need to see, whether it's valuation or economic background, before you will start really nibbling? >> well, i think we have historically been buyers of real estate under stressful situations. generally not somebody buying on the assumption that it's good today and it's going to get better tomorrow. so i think that right now, we see a lot more supply, we see some areas of real estate where it feels like we're adding into oversupply which i think is maybe going to create opportunities for us to invest in the future. right now, we are moving into cash and building cash. liz: okay. so you've got this pile of cash but you're looking at a good e

-- real estate?rian: our fund is a $15 billion fund with a global mandate, so we can invest around the world. probably about half of that is going to be invested in the u.s. the other half will be really around the world. we are in europe, the u.k., australia, asia. carol: 30 countries overall, right? brian: 30 countries, that is right. carol: is there anywhere in particular that you see good opportunities? brian: we do like the u.s. we had a very high quality portfolio of assets. in the northeast and in california. it's going to benefit from that favorable macro backdrop i talked about. we have projects going on all over. we are about to close a big transaction in shanghai and we are very active in europe as well. we are seeing good opportunities around the world. carol: let's talk about the mall, because we have had some fun talking about yesterday. how many times have people gone up to you and said, the mall is dead? we have talked about this. the generation z's like shopping at malls. you made a