South Korea’s decision to fine American-owned eCommerce firm Coupang is straining relations between the two countries, Reuters reported Friday (July 20). South Korea said the fine was imposed over a data leak, but American lawmakers said the move raises questions about whether the country is treating U.S. companies fairly, according to the report. The fine […]
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Rising prices for care and managing chronic conditions helped drive up the forecast.
Key insight: The ring coached recruits to keep debit cards off Apple Pay and unlinked from Cash App because those actions “can cause alerts to [a] bank.” Supporting data: The ring deposited about $50,000 a week in fraudulent checks and obtained roughly $10,000 of it before banks caught on, according to the plea agreement. Forward […]
Law firm Hodgson Russ spearheaded a rush of new leases at Fisher Brothers’ 605 Third Avenue. The firm renewed its 19,900-square-foot lease on the 23rd floor of the tower, located between East 39th and East 40th streets, in June, according to the landlord. Newmark’s Brian Cohen and Kyle Ciminelli negotiated the 10-year renewal on behalf […]
Berkadia has arranged the sale and financing of Masons Keepe, a 270-unit garden-style multifamily community located in Manassas, Virginia.Senior Managing Director Brian Crivella, Managing Directors Bill Gribbin and Yalda Ghamarian, and Associate Director Jack Canepa of Berkadia DC Metro, along with Senior Managing Director Drew White of Berkadia Richmond, arranged the sale on behalf of […]
Nasdaq has announced a landmark agreement with the National Bank of Georgia (NBG) to modernize treasury and financial markets infrastructure across the country’s banking sector. Five of Georgia’s largest commercial banks, Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank, will adopt the Nasdaq Calypso platform under a shared infrastructure model covering the full […]
A joint venture went shopping near SoHo and didn’t come away empty-handed. Infinity Real Estate and KB Realty Partners just acquired the retail condominium at 75 Kenmare Street in Manhattan’s Nolita neighborhood—just outside of SoHo — for $11.75 million, Commercial Observer can first report. SEE ALSO: Brookfield Takes a Major Stake in Healthpeak Properties’ $2.1B […]
Prologis has promoted Travis Harvey to lead the firm’s global development and construction platform across the Americas, Asia and Europe, Commercial Observer has learned. As global head of development, Harvey will use his more than 20 years of experience in the industry — including 11 years at Prologis — to strengthen the industrial giant’s platform. […]
Blue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year. Spanning 399,000 square feet across two buildings and a central public plaza, Rosewood will comprise units […]