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Incomes are improving for some, though the study found the gains have yet to translate into broad relief. One-quarter of consumers reported higher household income over the past three months, up six points from a year ago, and 24 percent said their finances were better than expected so far this year, the highest reading TransUnion…
Billionaire investor Bill Ackman is assembling a West Side campus for brain research, paying $260 million for a life sciences building and the neighboring industrial property. Ackman’s Pershing Square Foundation purchased the 400,000-square-foot property at 125 West End Avenue from Taconic Partners and Nuveen Real Estate for $188 million, according to property records. He revealed…
Getting into an expensive market can feel completely out of reach for a rookie. But today’s guest looked at the numbers and realized that if he worked this in his favor, he could build reliable, long-term wealth. That math led him to 17 doors across three states, and today, he’s breaking down all his tips…
The S&P 500 wrapped up the week with a loss of 1.4%, snapping a three-week winning streak. Key Takeaways The S&P 500 posted a 1.4% weekly loss, its worst weekly showing since mid-July. The index is currently sitting 1.6% below its record close. The S&P 500 is currently up 12.1% year-to-date, while the S&P Equal…
After a lengthy run of disappointment, real estate investment trusts (REITs) and the related ETFs are notching some impressive performances this year, with the largest ETF in the category higher by 11%. Proving active management brings benefits to the real estate sector, the ALPS Active REIT ETF (REIT) is higher by more than 17% year-to-date….
Aldermore has appointed Andy Porter as business development manager within its commercial real estate (CRE) team. Porter brings more than 20 years of experience across property finance, commercial banking and credit risk. He joins Aldermore from United Trust Bank, where he was senior director of property development. Prior to that, Porter spent more than 12…