Caleb Melby
Bloomberg
New York, NY, United States
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Past articles by Caleb:
Lack of Transparency Hampers Efforts to Improve NYC Property Tax
Mayor-Elect Adams pledges to overhaul a system that has outlasted previous attempted fixes → Read More
Unfair and Unpaid: A Property Tax Money Machine Crushes Families
Penalties, foreclosures and unjust levies produce returns for investors → Read More
Five Key Takeaways From Bloomberg’s Study of NYC Property Taxes
An analysis of millions of city records shows that an opaque system and questionable data shift the tax burden away from the wealthy. → Read More
How a $2 Million Condo in Brooklyn Ends Up With a $157 Tax Bill
New York’s unfair property tax valuations are shifting hundreds of millions of dollars in tax burden from higher- to lower-priced properties every year. → Read More
UAE Royals Said to Direct Tom Barrack’s Influence Campaign
Just weeks after Donald Trump’s election in November 2016, American billionaire Tom Barrack received a royal welcome in the United Arab Emirates. → Read More
From Intern to Co-Defendant: Tom Barrack Protege Faces Loyalty Test
Working for Tom Barrack took Matthew Grimes to some exciting places -- he flew on private planes to international destinations, lived on a $15 million estate and even partied at the inauguration of former President Donald Trump. → Read More
Tom Barrack Wore Many Hats. Now an Indictment Hangs Over His Head
It didn’t pay to be a friend to everyone in a presidency that excelled at controversy. → Read More
Trump Ripped Oval Office Defense From His Business Playbook
The president has always been a pugilist. This time he’s punching American democracy. → Read More
Trump CFO’s Family Tax Records Reviewed by New York Authorities
New York’s attorney general continues to gather information about President Donald Trump’s business, obtaining financial records this month from the family of the Trump Organization’s CFO that could provide further insights into the company’s operations and tax strategies. → Read More
A Virginia City’s Playbook for Urban Renewal: Move Out the Poor
(Bloomberg Businessweek) -- The contours of inequality in Norfolk, Va., a city of 240,000-plus people at the mouth of Chesapeake Bay, are clearly visible from atop the 26-story Dominion Tower. → Read More
In Fink We Trust: BlackRock Is Now ‘Fourth Branch of Government’
When the Fed looked for bond-buying help in a crisis, it turned to the giant money manager. → Read More
Nobody Makes Money Like Apollo’s Ruthless Founder Leon Black
The private equity CEO with a fearsome reputation skates on the edges of other people’s catastrophes and manages to walk away richer. → Read More
Trump’s Net Worth Rises to $3 Billion Despite Business Setbacks
President Donald Trump’s net worth rose to $3 billion, a 5% gain over the past year, thanks to a jump in the value of an office-building deal he once sued to prevent. → Read More
Kushner Cos. gets $800M federally backed apartment loan
Kushner Cos., the real estate firm owned by the family of President Donald Trump’s son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia — the company’s biggest purchase in a decade. → Read More
Trump's Inaugural Team Scrambled to Defend Staff and Record Haul
The leaders of President Donald Trump’s inaugural committee saw trouble coming and tried to get ahead of it. → Read More
Tom Barrack Got Trump Right, Then Things Went Wrong
The financier's Colony Capital is struggling. His royal allies in the Middle East are boxed out. And his old friend Paul Manafort is behind bars. → Read More
Kushner’s Ties to Russia-Linked Group Began With Kissinger Lunch
In March 2016, as the U.S. foreign policy establishment shunned presidential candidate Donald Trump, his son-in-law Jared Kushner was invited to lunch for a think tank urging detente with Russia and struggling for influence in Washington. → Read More
Kushner Foreign Policy Role Grew After Kissinger Lunch (Correct)
A previous version of this story has been corrected. → Read More
Kushners Give Up Control of Manhattan Tower to Save Themselves
The Kushners have found their out -- and it comes at a price. → Read More
Trumps and Kushners End New Jersey Hotel Partnership
The Trump Organization and the Kushner Cos. have terminated their partnership in a New Jersey hotel, a person familiar with the matter said. → Read More