RealTrends Verified data shows $1.63T in agent and team volume
The Federal Reserve has announced the leaders of five task forces that will examine the Fed’s methods, analytical tools and policy approaches and provide “candid feedback” for the Federal Open Market Committee. Each task force will co-led by three external advisors, will operate independently and will be supported by Fed staff, the Federal Reserve said in a Thursday (July 9) press release. “The goal is…
Office-to-residential conversions haven’t fallen out of favor with the mayor. Buckling columns at the former Pfizer headquarters in Midtown weren’t enough to deter the mayor’s pursuit of office-to-residential conversions as part of his broader housing plan for 200,000 units over the next decade. The risky situation at 235 East 42nd Street on Tuesday was partially…
Global equities last week continued their recent choppy performance, with a gain of 1.8% in local currency terms reversing a fall of the same magnitude the previous week. In sterling terms, a strengthening of the pound reduced last week’s increase to 0.8%.Europe, the UK and Japan led the gains, rising 2.0%, 1.7% and 1.4% respectively…
Key insight: The debts of a wealthy art collector and real estate mogul have opened an opportunity for Oklahoma’s Bank7 to acquire Century Bank of New Mexico. Supporting data: Bank7 has offered to pay $68 million for a 71% stake in the Santa Fe lender. Expert quote: “I think it’s a very compelling opportunity for…
Saxo Bank will continue to operate as a separate entity. Credit: FellowNeko/Shutterstock.com J. Safra Sarasin Group has agreed to acquire the remaining indirect stake in Saxo Holding held by Kim Fournais, in a move that will give it full ownership of Saxo Bank. The stake represents about 28.69%. The agreement follows Bank J. Safra Sarasin’s…
Private equity firm Longpoint Partners has paid $38.8 million for a 121,579-square-foot industrial complex in Miami-Dade County. The property includes three warehouses, two totaling 94,500 square feet at 7200 Northwest 84th Avenue and the third spanning 27,079 square feet at 8251 Northwest 70th Street. All three are in Medley about half a mile west of…