WNC & Associates, Inc. has closed on WNC Institutional Tax Credit Fund 59, L.P., a $210-million national Low-Income Housing Tax Credit fund. The fund will support the creation and preservation of affordable housing across 18 communities in 13 states. Fund 59 is investing in 2,015 units across Alaska, California, Florida, Indiana, Kentucky, Massachusetts, Maine, Minnesota, […]
The largest maritime gathering in US history offered an impressive display of ships and modern naval alliances. What surprised me, though, were the personal connections. On active-duty US Navy ships, older veterans regaled crew members with tales from their time at sea, comparing the advancements in technology and the patches on their uniforms. On the […]
Oil prices surged Wednesday after President Donald Trump threatened to bomb Iran for a second day and reimpose the U.S. naval blockade in retaliation for attacks on tankers transiting the Strait of Hormuz. West Texas Intermediate futures rose 4.4% to close at $73.52 per barrel. Brent futures, the international benchmark, jumped 5.3% to $78.07. Speaking at […]
At the provincial level, British Columbia and Ontario led the national retreat, each posting a 5.3% year-over-year decline to average asking rents of $2,377 and $2,233, respectively. Alberta fell 4.2% to $1,766, while Quebec saw a 2.2% drop to $1,929. The sole regional exception was Atlantic Canada, where average asking prices rose 5.3% to $2,271. […]
Mercer Global Advisors is suing a former employee, alleging she stole confidential client information in their move to a competitor and that the promises she’d abide by employment agreements with Mercer were “completely hollow.” Mercer filed the suit in Missouri state court this week against Jeannie Seabaugh and Brand Asset Management Group, where Mercer claims […]
Federal securities regulators are exploring ways to encourage more companies to go public. To that end, the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee said it will hold a meeting this month to examine “ways to modernize public market access and encourage [initial public offerings (IPOs)] and small public company capital formation,” […]
Canada’s biggest bank stocks are running out of runway as valuations have fully priced in future growth, according to analysts with Jefferies Securities Inc.
Plans for a nearly $20B data center campus in North Carolina are on ice as local lawmakers consider a development moratorium. The Edgecombe County courthouse in Tarboro, North Carolina Energy Storage Solutions has withdrawn its offer to buy the 28 acres for the project inside a massive shovel-ready site identified by the state for fast-tracked […]
The number of major metros where you can buy a luxury home for less than $1 million is down five from eight last year. Detroit is the most affordable metro for luxury homes, with a median price of $719,252—47.7% less than the typical luxury home nationwide, $1,374,470. San Francisco is the most expensive, with a […]
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