Kyle Miklasz had one main goal for his Airbnb property: It had to go viral. Although, following close behind that objective was his desire to have a home his family could use as a vacation spot to create memories—and his most vivid memories were of summers at his grandparents’ barn in Wisconsin. Miklasz, 34, loved […]
New Jersey developer Fadi Samaan has landed $23.5 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a multifamily complex in Passaic, NJ., Commercial Observer has learned. Dwight Capital supplied the HUD 223(f) loan on the 104-unit Station at Passaic Phase II development, completed in 2024. The deal, which was originated […]
Prior +3.0% HICP +2.9% vs +2.8% y/y expected Prior +3.0% Italy’s preliminary inflation data for July ticked slightly higher. According to the preliminary estimate, Italy’s headline CPI rose 2.8% year-on-year in July, matching market expectations and slowing from the previous 3.0% pace. The harmonized measure of inflation (HICP), which is used by the ECB to […]
Elon Musk is a polarizing figure, even as he has proven to be a visionary and a business titan. The interplay of these two facts was clearly on display in Tesla‘s (TSLA +0.76%) electric vehicle sales in the second quarter of 2026. Here’s what investors need to know about the 25% year over year increase […]
Marcus & Millichap closed the sale of 7203 Rubio Ave., a 30-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. The property sold for $9.5 million or $316,667 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $6,223,000 in acquisition financing. “Bringing this property to market for the first time since its construction in 2013 generated significant investor interest,” said Neema Ahadian, senior managing director investments. “After a disciplined […]
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The Pacific Park development, beleaguered by more than two decades of delays, missed deadlines and foreclosure, has a path forward after Cirrus Real Estate Partners and LCOR signed a memorandum of understanding with the state Tuesday, an Empire State Development spokesperson confirmed. ESD last month announced the developers’ $5 billion proposal for the next phase […]
On the southernmost tip of Clearwater Beach, FL, a luxurious beachfront cottage whose owners reportedly refused all buyout offers for decades is now the lone single-family house in a sea of large condo developments. The property’s future is now in question after it sold for nearly $3 million last fall. In September 2023, the unique […]
Key insight: FDIC and OCC proposed CRA rule changes aimed at curbing grant funding for “activist causes.” What’s at stake: Exams would narrow to focus mainly on lending, dropping deposit services from the retail assessment. Forward look: The proposal is subject to a 60-day comment period once it hits the Federal Register. WASHINGTON — A […]
Graphite prices have stayed under pressure through the first half of 2026 despite steady growth in battery demand, a disconnect that Amy Bennett, principal consultant at Fastmarkets, says comes down to one persistent factor: China’s grip on the supply side. Speaking with the Investing News Network at the Fastmarkets Global Battery and Critical Materials Conference […]