Data centers are a CRE cash cow. Midterm politics may change the investment calculus.

HomeServices of America’s mortgage unit, Prosperity Home Mortgage, is expanding into loan servicing, a strategic move by the Berkshire Hathaway affiliate that signals a heightened retention threat for competing lenders accustomed to picking up offloaded purchase borrowers. Processing Content By retaining long-term servicing rights in-house, Prosperity eliminates the post-closing handoff to external institutions, creating an…

A state court judge issued a temporary restraining order on Monday to halt New York City’s pied-á-terre tax rollout. The order came in response to a lawsuit filed Friday in Richmond County Supreme Court by former Deputy Mayor Randy Mastro on behalf of three homeowners challenging the implementation of its new tax on non-primary residences…

Bonds are out of fashion with big investors — which makes them an interesting investment opportunity for the rest of us.

The promoters of boutique luxury developer Notandas Realty have acquired the legacy Villa Wilson bungalow in Mumbai’s upscale Juhu locality for Rs 135 crore, marking the company’s second marquee bungalow acquisition this year as it expands its presence in the city’s ultra-luxury housing market.   The property, located close to actor Amitabh Bachchan’s…

The Insurance Regulatory and Development Authority of India (Irdai) on Friday tightened the regulatory framework for insurance intermediaries. It introduced measures to improve traceability of insurance sales and required certain intermediaries, including majority foreign-owned entities and those crossing specified commission-income thresholds, to make additional disclosures.   The amendments cover corporate agents, insurance brokers,…