Mass Development has landed $45 million of construction financing to build a condominium building in Harlem, Commercial Observer has learned. SCALE Lending, a subsidiary of Slate Property Group, provided the 30-month, floating-rate loan with two six-month extension options for the developer’s 11-story condo complex at 264-272 West 135th Street. Mass Development acquired the site —…
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Somewhere in a client file right now, there is a will signed in 2014. The beneficiary designations reference a marriage that ended years ago. There is no durable power of attorney. The client is aware of all of this and so is the advisor. Yet the documents have not been updated. What keeps clients stuck…
Open this photo in gallery: Illustration by Drew Shannon First Person is a daily personal piece submitted by readers. Have a story to tell? See our guidelines at tgam.ca/essayguide. The most surprising part of getting older has been meeting each new version of myself as it emerges. I’d set myself so many rules that I…
Excessive artificial intelligence (AI) investment could make the technology’s boom unsustainable, according to a new Bank for International Settlements report. “The AI build-out ranks among the largest technology-driven investment booms in U.S. history,” Phurichai Rungcharoenkitkul, an economist for the bank (BIS), wrote in a report published Tuesday (July 14). “Its scale, reliance on debt and…
Disgraced music mogul Sean “Diddy” Combs has finally sold the Miami mansion he once put up as collateral in his failed bid for bail in his sex trafficking case—for $55 million while behind bars. The 56-year-old‘s waterfront property became one of the most closely watched celebrity homes in the country after he pledged it as…
LPL Financial has added HighWater Wealth, a San Diego-based firm with $2.4 billion in advisory assets focused on high-net-worth investors, from U.S. Bank. The team has joined Quotient Advisor Partners, an office of supervisory jurisdiction of LPL. The HighWater team includes Kristian Forster, Mike Rookus, Falko Hörnicke, Tim Davidson and Brian Rissman. They focus on…
Fixed income ETFs now command trillions in assets and trade with equity-like immediacy. These wrappers let investors move in and out of diversified bond exposure in a single click, at a visible price, throughout the day. Yet beneath many of these modern products lies infrastructure designed for a different market era. Index methodologies conceived in…
Gig platforms offer seamless checkout for buyers, but emerging market payouts remain broken for workers. In June 2026, member states from more than 180 countries convened for the International Labour Conference to determine international labor standards for digital platform workers. However, even with those standards set, payments remain a big issue. Imagine a freelance developer in Lagos,…