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Spanish Hotel Operator Buys Chemists’ Club Hotel at 52 East 41st Street for $95M – Commercial Observer
A 107-key hotel in Midtown has traded for roughly $95 million. Eurostars Hotel Company, a Spanish hotel chain managing more than 300 properties globally, has purchased the Chemists’ Club Hotel at 52 East 41st Street from Azora, another Spanish company specializing in large-scale hotel investments, according to a source with knowledge of the deal. SEE…
Pending home sales fall by 5.4% in June: NAR
Pending home sales fall by 5.4% in June: NAR – Scotsman Guide Skip to content error: Content is protected !! This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We may also share information about your use of our site with our social media, advertising…
FHA drives rise in mortgage delinquencies above pre-pandemic levels
Overall delinquency rates before the pandemic were in roughly the same ballpark, Merchant said, but the mix of loan types behind them was different. “FHA is becoming more of the driver of delinquency versus maybe back pre-pandemic, it was a more even spread of the drivers, like the different loan types, Fannie, Freddie, Jumbo, et…
Cyber stocks rally on AI spending change comments from IBM’s Krishna
Okta and Crowtstrike. Jonathan Raa | Nikolas Kokovlis | Nurphoto | Getty Images Cybersecurity stocks jumped on Tuesday after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers in the company’s preliminary second-quarter results. During the period, Krishna said customers shifted spending to servers and memory and that “rapidly-evolving, industry-wide cybersecurity…
UWM fires back at Rocket in first salvo of $100M lawsuit
United Wholesale Mortgage is attempting to poke holes in Rocket Mortgage’s $100 million servicing lawsuit. Processing Content The wholesale leader hinted at its litigation strategy last week as it prepares a formal response to Rocket’s complaint over refinancing activity. Rocket accuses UWM of purposefully soliciting Mr. Cooper customers in violation of a non-solicitation agreement in…
Nabfid sanctions over ₹3,000 crore loans for data centres amid AI push | Finance News
By Saikat Das and Divya Patil India’s top state-run infrastructure financier has sanctioned loans upwards of ₹3,000 crore ($313 million) each to at least four data centres, reflecting the nation’s push to participate in the artificial intelligence buildout. The facilities from the National Bank for Financing Infrastructure and Development, or Nabfid, have a moratorium…
