The average stock is having a moment as semiconductors struggle. It’s a sign of a healthy market.
It has been a good week to be average on Wall Street.
It has been a good week to be average on Wall Street.
WNC & Associates, Inc. has closed on WNC Institutional Tax Credit Fund 59, L.P., a $210-million national Low-Income Housing Tax Credit fund. The fund will support the creation and preservation of affordable housing across 18 communities in 13 states. Fund 59 is investing in 2,015 units across Alaska, California, Florida, Indiana, Kentucky, Massachusetts, Maine, Minnesota,…
As platforms expand the services they offer merchants, financing is emerging as a feature that can be delivered through the same software businesses use every day. The PYMNTS Intelligence report “The Embedded Finance Scale Factor: How Firm Size Shapes Strategy, Technology and Partnership Decisions” found that nearly 80% of middle-market companies expect to upgrade their…
Coworking operator Workbar will open a 10,000-square-foot new location in Somerville’s Union Square, within the new USQ mixed-use development adjacent to the Union Square MBTA station. Housed in the Prospect Union Square residential tower at 50 Prospect St., the company will be the second commercial tenant signed to Magellan Development’s USQ project. Founded in 2009, Workbar established itself through…
Shorenstein Investment Advisers has purchased the Moore Building, a 245,826-square-foot office property in Nashville, Tenn. Portman Holdings was the seller. The acquisition comes on the heals of the company buying a 330,000 square foot building in the Gulch Union district for $217 million. The social media company TikTok rents 143,000 square feet in the building. The…
Courtesy of Rose Associates Inc. The Magnolia in Port Chester, New York Rose Associates, a New York-based multifamily property manager, has more than 40,000 units under management. It’s already one of the largest firms in the region, but it’s not stopping there. The firm is rapidly expanding its presence throughout the Northeast — going from about…
Anthropic is fully invested in Manhattan’s artificial intelligence office boom, sealing the deal for a full building in Hudson Square. The AI firm is leasing the 16-story building at 330 Hudson Street from AEW Capital Management, the New York Times reported. Details about the lease, including asking rent and broker involvement, were not disclosed. It…