Real estate investment and development firm Grun Group has filed plans with the New York City Department of Buildings (DOB) to bring a pair of 99-unit residential towers to the Bronx’s Woodlawn Heights neighborhood, records show. If approved, the first of the two new buildings will be at 4241 Webster Avenue and span 59,611 square…
With a new Federal Reserve chairman in place and interest rates likely to stay constant, many clients are likely asking you what the next rate decision means for their mortgage, their bond ladder, their equity allocation and their retirement. While most advisors have the federal funds rate at their fingertips, I’ve found very few who…
Securitize Capital, a subsidiary of tokenized asset platform Securitize, has registered with the US Securities and Exchange Commission (SEC) as an investment adviser, allowing the company to expand its regulated investment advisory business for institutional clients, Securitize said Monday. The registration adds investment advisory capabilities to Securitize’s existing regulated businesses, which include an SEC-registered broker-dealer,…
Since 2017, Google has promised not to show ads based on users’ Gmail messages. While that policy isn’t changing today, Google may be laying the groundwork for personalized ads based on AI insights from users’ inboxes. Google’s support documents already acknowledge that it may show ads based on users’ interactions with AI, and with new…
TSMC: AI Demand Visibility Is Intact, But Margin Dilution Will Weigh On Sentiment
The number of billionaires in India has growth 4x over the past five years, Minister of State (MoS) for Finance Pankaj Chaudhary told the Parliament today. He was responding to a question on whether the government is aware about the significant increase in billionaires in India, and that the country leads globally in this regard….
Michigan Gov. Gretchen Whitmer has signed a spate of bills aimed to boost the state’s housing supply, including a ban on large investors from buying single-family homes and reforms to zoning and building codes. The governor late last week approved several housing measures, including a new housing tax credit, a $50 million investment in the…
Prices for the different types of commercial real estate sectors, from industrial to office and everything in between, had been moving generally in the same direction. Not anymore. Hotel prices fell by 9.3% year-over-year in June, apartment values slid by 1.7%, and industrial slipped 0.4%, its first negative reading this cycle, according to MSCI’s monthly…
In Los Angeles County, the same pattern holds: severe or extreme risk homes are priced at 75% of safer counterparts and draw 23% more listing views. Not every market offers a discount, though. In Anne Arundel County, Maryland, severe or extreme risk homes are priced 44% higher than the price per square foot of lower-risk…
For years, investors with ₹25 lakh of investable surplus occupied a gap in India’s wealth management ecosystem. They often had enough capital to seek professional investment assistance but did not qualify for Portfolio Management Services (PMS), where the minimum investment requirement is ₹50 lakh. SEBI’s proposed Mutual Fund-only Portfolio Management Service (MF-PMS) framework, outlined in…