Net mortgage lending more than doubled from £3.3bn in May to £7.7bn in June, the latest Bank of England data shows. June’s figure was also substantially higher than the previous six-month average of £4.9bn. Mortgage approvals for house purchases increased to 58,200 in June, from 56,600 in May. However, this was below the previous six-month average […]
Atom Bank has completed a £1.1 million commercial loan secured against a learning disabilities care facility in Hampshire, delivering the funds within five weeks to help the borrower avoid penalty fees on an expiring bridging loan. The borrower had purchased and developed the property into a six-bed learning disabilities unit approximately one year prior. The […]
Kilroy Realty’s Oyster Point life sciences project in South San Francisco The second phase of Kilroy Realty‘s sprawling Oyster Point life sciences campus in South San Francisco is climbing uphill in a bid to fill space as the lab leasing market languishes. Although the first phase of the 865K SF campus is 100% leased, the second phase, […]
It’s never been easier to take on the big guys, says Alexandr Wang. At a talk at a Y Combinator event, the Scale AI founder, who now leads Meta’s Superintelligence Labs, said that AI has been a game changer for startups. “It’s probably a once in a civilization opportunity to be a dreamer and to […]
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Morgan Stanley Investment Management (NYSE:MS) has expanded its digital asset offerings by introducing two new exchange-traded products focused on Ethereum and Solana. The Morgan Stanley Ethereum Trust, trading as MSSE on NYSE Arca, and the Morgan Stanley Solana Trust, under the ticker MSOL, began trading this week. These products aim to mirror the performance of […]
Is Gold Regaining Its Lustre? Gold has had quite a ride this year, from the heady days of January, when it soared above $5,500/oz, to the lows of late June, when it dipped below $4,000. The last time it experienced a comparable boom-and-bust over such a short period was in 1979–80, when prices surged from […]
JLL has completed 24,107 square feet of leasing activity at 757 Third Ave. The leasing activity comes as New York Life continues to enhance the Midtown East office property with planned cosmetic renovations to the lobby and the rollout of a new prebuilt office program. Rectn leases include the following: ● Financial services firm Dutchess […]
New York City’s Department of Buildings (DOB) has halted construction work at the third office-to-conversion project in Manhattan this month. The DOB issued a partial stop-work order at SL Green Realty’s $805 million conversion project at 750 Third Avenue in Midtown East, which is set to result in 680 residential units and potentially see 11 […]
Researchers at University College London linked persistent financial adversity, defined as sustained low household income or recurring financial hardships between ages 26 and 53, with lower processing speed and verbal memory scores at age 53, as well as measurable brain volume changes detected through neuroimaging at ages 69 to 71. Approximately 16 percent reported persistent […]