Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.03%

GB Bank has completed a £33 million bridging finance facility secured against a mixed-use London property portfolio, delivering the funding within seven days to meet an exchange deadline. Working with broker SHC Capital, the lender provided an initial facility against an unencumbered portfolio of income-producing assets. The borrower, an established property investor with more than…

Odeta Kushi (pictured top), deputy chief economist at First American, said the housing market’s underlying fundamentals are more favorable than the rate-driven noise suggests. “I’ll go back to our analogy, which is really that it’s the tide that matters,” Kushi told Mortgage Professional America. “There’s a lot of short-term volatility that we see, and there’s…

The U.S. Treasury Department and HM Treasury have unveiled a joint blueprint for closer regulatory cooperation on digital assets. It features a series of measures designed to align the two countries’ approaches to stablecoins, tokenization and digital financial infrastructure while laying the groundwork for more seamless cross-border markets. The recommendations, developed by the Transatlantic Taskforce…

All eyes were on Midtown East last week after steel columns buckled inside the Pfizer building conversion project, forcing evacuations at the site and nearby buildings on Tuesday.  The structural failures at 235 East 42nd Street — where Nathan Berman’s MetroLoft Management and investor David Werner are converting the pharmaceutical firm’s former headquarters into 1,600…

TA Realty has expanded its industrial footprint with the $132 million acquisition of a fully leased, 734,606-square-foot warehouse portfolio in Northern Virginia. The Boston-based investor acquired the 13-building business park named Featherstone Industrial Park from a joint venture between Rosenthal Properties and Stockbridge. The sale price is almost 27 percent more than what the sellers…