Lloyds reports first-half profit up 23%, outlines new strategy

Beth DiVecchia had an assignment: find a new office for The Brattle Group, a consulting firm that has been based at One Beacon St. since 2017. The 10-year lease was set to expire next year, and DiVecchia, Brattle’s vice president of operations, was hunting for a deal in Boston’s Financial District, where the office market…

As anxiety builds over whether there will be enough electricity available to power the data center construction boom, investors have started to pour billions into properties where they can hoard energy. Brookfield reached a $7B deal last week to acquire the country’s biggest standalone battery storage developer from Blackstone, the latest and largest sign that…

Canadian mortgage borrowing slowed for a second straight quarter this spring, despite a pickup in home resale activity. Households added $19.4 billion in mortgage debt in the second quarter, the slowest pace since the first quarter of 2024, Statistics Canada reported. Overall household borrowing, which includes mortgages, consumer credit and other loans, fell to $29.4…

Logos Faith Development, in partnership with San Diego’s Logan Temple AME Zion Church, commemorated the official groundbreaking on Logos Logan Legacy Place at the project site. The 43-home affordable housing community is located at 3186 and 3190 Franklin Ave. in San Diego’s Logan Heights neighborhood. The project marks the affordable housing developer’s expansion into the San Diego…

Family Building Society has brought out an interest roll-up mortgage for high-net-worth (HNW) clients with a dedicated service team. The product is available to HNW borrowers with significant assets and complex income structures, allowing them to access borrowing without the need to make regular monthly payments.  Because no monthly mortgage payments are required, applications…