Prime office assets continue to attract international investor demand.
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The World Cup is delivering drama, controversy, and halftime entertainment straight out of science fiction. Sunday’s showdown between Brazil and Norway featured a surreal cameo from Atlas, the humanoid robot built by US robotics firm Boston Dynamics. The ultra-flexible robotic biped kicked off the second half of the game, which Norway won 2-0, by handing…
Key insight: Northern Trust’s gains were fueled by proceeds from capital raises flowing onto its balance sheet and into money market funds. Expert quote: “When there is greater capital raising, those dollars need to go somewhere.” — Michael O’Grady, CEO of Northern Trust Forward look: Northern Trust Chief Financial Officer David Fox cautioned that elevated…
Michigan battles massive outbreak as state reels from Trump cuts
Foreclosures slowed to a crawl in the years during and after the COVID-19 pandemic due to moratoriums and lingering emergency loss mitigation programs rolled out to help keep struggling borrowers in their homes as workplace shutdowns and unemployment spiked. While the pace of foreclosure starts in May was 35% below May 2019 levels, according to…
Mortgage rates moved slightly higher this week. But whether that feels like good news or bad news depends on one thing: when you started shopping for a home. The average rate on a 30-year fixed-rate mortgage rose four basis points to 6.51% APR in the week ending July 23, according to rates provided to NerdWallet…
Disgraced music mogul Sean “Diddy” Combs has finally sold the Miami mansion he once put up as collateral in his failed bid for bail in his sex trafficking case—for $55 million while behind bars. The 56-year-old‘s waterfront property became one of the most closely watched celebrity homes in the country after he pledged it as…