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Philly Office Construction Pipeline Hits Zero, Conversion Activity Slows
More than six years after the pandemic cratered demand for greater Philadelphia office space, the region’s construction pipeline has officially hit zero. The delivery of Chubb’s long-awaited 438K SF build-to-suit space at 2000 Arch St. last quarter marked the completion of the only office project that was under construction in the region, according to JLL….
Over 40% of new HELOC borrowers used AI to drive decision, JD Power analyst says
Bruce Gehrke (pictured top), senior director of wealth and lending intelligence at JD Power, said the home equity numbers in particular stood out. “In just home equity — HELOC — the number is over 40% of current borrowers who opened a new HELOC within the last three months have used artificial intelligence to drive that…
Greystar Accused By Watchdog Of Discriminating Against Section 8 Voucher Users
A Washington, D.C.-based housing watchdog group is accusing the country’s largest apartment owner of unlawfully rejecting potential renters who hold Section 8 vouchers across six states. Greystar’s office at 465 Meeting St. in South Carolina The Housing Rights Initiative alleged that Greystar employees illegally refused to accept public assistance payments, known as the Housing Choice Voucher program, to…
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.03%
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.03%
Banks expand 100% mortgage options for first-time buyers
Several major UK lenders have introduced mortgage products requiring minimal or no deposits, marking a shift in lending practices as banks seek to support first-time buyers struggling with affordability. Metro Bank recently launched a 100% loan-to-value mortgage for eligible first-time buyers, joining a growing number of institutions offering low-deposit products. The move comes as lenders…
Hiscox is a safe bet in insurance – how to play its shares
Insurance company Hiscox is benefiting from a volatile global backdrop that means firms want to make sure that their assets – from their factories to the goods and services they sell – are properly insured. Meanwhile, the rise of the digital economy has created new types of insurance, such as protection against cyberattacks. It may…