Almost 1,000 new homes are coming to a long-vacant site in Long Island City. New York City Department of Housing Preservation and Development The Orion’s site at 54-42 Second St. The city selected Slate Property Group, The Hudson Cos. and nonprofit developer Volunteers of America to develop The Orion, a 980-unit housing development in a […]
Marcus & Millichap Capital Corporation (MMCC) arranged $9,790,000 in financing for the acquisition of a 13,575-square-foot mixed-use multifamily and retail property located at 235-237 Kent Ave. in Brooklyn’, New York’s Williamsburg neighborhood. Bradley Buzil, senior director in MMCC’s Los Angeles office, secured a five-year, fixed-rate non-recourse loan with five years of interest-only payments at 60% loan-to-value […]
Palm Beach County’s influx of wealth and businesses has made the 101-year-old city of Boca Raton a target for redevelopment, but developers and city officials are clashing over which way the city should evolve. Boca residents rejected a $1B development and elected a new mayor and three council members in March, removing the council’s previously developer-friendly […]
Palantir Technologies (PLTR -0.43%) has been one of the most popular — and most divisive — stocks in the market during the past several years. Palantir’s signature products are software that does everything from helping soldiers on the battlefield to providing operational intelligence and analytics to commercial clients. Palantir’s software stands out for its ability […]
The sportswear company’s stock declined 17% after it reported a 30% hike in marketing expenditure.
The AI narrative has moved beyond speculative software to capital-intensive physical infrastructure. With the infrastructure race in full swing, hyperscalers are increasingly investing in the buildout of the compute capacity required to train and operate the next generation of AI models. As capital expenditures into AI infrastructure continue to compress cash flows, investors are increasingly […]
China’s latest breakthrough suggests AI hardware could become a lot more competitive. Listen to the audio version of this article (generated by AI). Hello, Reader. Artificial intelligence is getting cheaper and more efficient, and China is a big reason why. Here at Smart Money, we’ve discussed how China is developing remarkable AI systems at significantly […]
More residents are leaving fire-prone parts of rural Northern California than are moving in, bucking the national trend of Americans moving into fire-prone parts of the nation, according to a new report from Redfin. Roughly two-thirds of the fire-prone counties in the U.S. are gaining more residents than they’re losing, Redfin reported. Tuolumne County, California, […]
July final consumer confidence -15.9 vs -15.9 prelim Prior -17.6 July economic confidence 96.9 vs 96.0 expected Prior 95.0; revised to 95.4 July services confidence 4.7 vs 3.8 expected Prior 3.2; revised to 4.2 July industrial confidence -6.1 vs -7.0 expected Prior -7.7; revised to -7.5 This points to a continued recovery in euro area […]
There are some serious opportunities and yields available in corporate bonds right now. For investors, the challenge is how to best access them. Thankfully, ETFs offer a variety of flexible, tradable strategies to help craft a bespoke allocation in portfolios. The American Century Select High Yield ETF (AHYB) and the American Century Diversified Corporate Bond […]