Proceeds from Office Facilities Corp. bonds will finance renovations to state buildings near the State Capitol, which is shown. Bloomberg News The Louisiana State Bond Commission approved $150 million of bonds for the Louisiana Community Development Authority and $125 million for the Office Facilities Corp. Processing Content Stifel Nicolaus & Co. and Raymond James & […]
After a year of caution, America’s industrial occupiers are once again taking leaps by signing megadeals. The tenants are backfilling the surplus of big-box warehouses that were built to meet projected post-pandemic demand before tariffs and a war in the Middle East reset market expectations. Deals for more than 500K SF are now driving activity in the sector, and users […]
Bentley Zhao’s New Empire Corporation, a New York City-based developer of residential mixed-use buildings, dropped $33.5 million to acquire a Midtown parking garage at 10 East 30th Street, according to a deed filed in property records on Thursday. The purchase, made through the entity Rolls Yacht Tower Management, follows an application filed by the developer […]
Eastern Bank provided financing for a multi-site affordable senior housing development in four New Hampshire communities: Tamworth, Bethlehem, Manchester and Pelham. The Community Development Lending team advising this transaction was led by SVP, commercial group director of community development lending Yongmei Chen and VP, community development lending team leader Angela Meehan. Sponsored by Housing Initiatives of New […]
Holders of bonds issued for the Donald W. Wyatt Correctional Facility will take a haircut under terms of a Chapter 11 bankruptcy settlement.Bloomberg News A detention center in Rhode Island used to house detainees of Immigration and Customs Enforcement and the U.S. Marshals Service has filed for bankruptcy, saying it cannot afford to pay off […]
A legal battle over residency rights in a Jacksonville, FL, 55-plus community has intensified after homeowners’ association members voted to pursue the eviction of a 28-year-old woman who inherited her late father’s home. Her dispute with the Freedom at Arbor Mill community has thrust TikTok influencer Bethany Michel into a legal standoff with the community’s […]
The S&P 500 started and ended the week on a sour note, ultimately resulting in a 1.6% loss. Key Takeaways The S&P 500 posted a 1.6% weekly loss. The index is currently sitting 2.0% below its record close reached on June 2nd, 2026. The S&P 500 is currently up 8.9% year-to-date, while the S&P Equal […]
Despite a booming stock market and improving inflation numbers, the public is as depressed about the economy as it has been since the years just after the pandemic and increasingly concerned about the cost of everyday goods, according to the latest CNBC All-America Economic Survey. The result: continued deeply negative approval numbers for President Donald […]
Research from Savills has identified the most affordable UK cities for first-time buyers, with Stoke-on-Trent, Hull and Milton Keynes ranking among the top locations where property prices remain significantly below London levels. The analysis, which examined property affordability, rent-to-income ratios, and sales price-to-income ratios, comes as average deposits for first homes in Greater London have […]
Trump blames Canada for wildfire smoke, says he will add cost to tariffs