This summary is reviewed by TRD Staff. Ron Burkle’s The Line LA hotel in Koreatown is facing a $100 million loan default. Corten Real Estate Partners, the lender, may put the property up for sale.

Michael Jackson’s Neverland Ranch is finally off the market. It was purchased in December 2020 by billionaire Ron Burkle for $22 million—$78 million less than its original price. AP ...

Now, Dan Loeb and his activist hedge fund Third Point are questioning a bid backed by fellow billionaire Ron Burkle to take the club private. Loeb unveiled a nearly 10% stake in the company in a ...