To nearly two dozen prospective New York renters, Juan Valoy appeared to be an honest real estate broker. But prosecutors say he was a fake who pocketed $105,000 of their money. The phony broker has pleaded guilty to two cases in Manhattan and in the Bronx for a scam that included taking fees, security deposits […]
Data center developer and operator Switch is pursuing an initial public offering, adding to a growing wave of digital infrastructure companies tapping public markets. A Switch data center facility Las Vegas-based Switch has picked Goldman Sachs and JPMorgan Chase to lead the underwriting for an anticipated IPO, expected to launch as soon as the fourth quarter, Reuters reported this week. The offering […]
Berkadia secured $12.66 million to refinance Mirage Bay, a 137-unit garden-style multifamily community in Fort Myers, Florida. Mitch Sinberg, Scott Wadler, Matt Robbins and Brad Williamson of Berkadia Miami and Boca Raton secured the financing on behalf of the sponsor, Rich Properties. Berkadia originated, and Freddie Mac secured, a fixed-rate, seven-year loan, with four years […]
Judges for The Negotiator Awards have identified a recurring issue with submissions: insufficient supporting evidence for claims made by entrants. According to feedback from the judging panel, many entries describe strong customer service, business growth or innovative initiatives but lack quantifiable data to substantiate these assertions. This absence of evidence often results in lower scores […]
Molo has appointed Lynne French chief operations officer (COO). French brings operational expertise across the mortgage sector. Most recently, she served as director of secured lending operations at Chetwood Bank where she oversaw both of the bank’s lending brands – CHL Mortgages for Intermediaries and Moda Mortgages. Previously, she also held senior roles at Masthaven […]
According to the National Association of Realtors Pending Home Sales report, pending home sales in June fell by 5.4% month-over-month and 0.3% year-over-year. The report noted that month-over-month pending home sales declined in all four major U.S. regions. Year-over-year pending home sales increased in the Northeast and Midwest but declined in the South and West, […]
Chinese artificial intelligence startup Moonshot is reportedly preparing to launch Kimi K3, an open-weight model expected to rival Anthropic’s flagship systems while costing a fraction as much to run. It could mark the company’s boldest challenge yet to U.S. AI leadership. Moonshot is expected to release Kimi K3 in the coming days, the Financial Times […]
E*TRADE from Morgan Stanley has completed the rollout of spot trading in digital assets, allowing eligible clients to buy, sell, and hold Bitcoin, Ethereum, and Solana directly on its platform. The service is offered in partnership with Zero Hash, a digital asset infrastructure provider, through a linked account at a competitive rate of 50 basis […]
Anthropic is arranging credit lines worth billions of dollars, adding to a $2.5 billion, five-year revolving credit facility it received last year, The Information reported Wednesday (July 15), citing unnamed sources. Expanding capacity like this is a common move by companies planning an initial public offering (IPO), as it provides them with a buffer in […]