New mortgage payments ease for second straight month in July
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A Kansas Turnpike Authority toll plaza in Lawrence, Kansas. Financing plans for the authority’s nearly $500 long-term investment plan includes up to $250 million of revenue bonds.Adobe Stock The Kansas Turnpike Authority intends to use revenue bonds to finance a portion of its recently announced, nearly $500 million long-term investment plan, a spokesperson for the…
Canadian fixed mortgage rates are moving higher again as turmoil in global bond markets pushes the five-year Government of Canada yield toward a 12-month high. The five-year yield was trading around 3.36% on Friday, up eight basis points from a week earlier and just three basis points below its 12-month high. Lenders have responded by…
By Tom DeRose, co-founder and CEO at PandaGuarantee ___________________________________________________________________________________________ SEE ALSO: For Southern California, Defense Tech Is the Best Real Estate Offense Contested evictions in New York City are the most expensive in the world, running $15,000 to $50,000 each. But the single largest piece of that cost is missed rent, and missed rent is…
Insta360, a China-based global optics and camera company, has signed its first U.S. lease for a 1,100-square-foot store at 1515 Broadway in Manhattan’s Times Square, Commercial Observer has learned. The world’s No. 1 360-degree camera brand, which is a direct competitor to the popular GoPro brand, has been used for purposes ranging from undersea exploring…
The post-pandemic industrial boom brought a wave of speculative big-box construction to Philadelphia proper, a market with little precedent for that type of product. Owners are now breaking up those buildings to accommodate the smaller footprints of the tenants that actually want space in the city. Courtesy of Greek Real Estate Partners Greek Real Estate Partners’…
Several major U.S. industrial projects are facing delays, cancellations and changes in scope thanks to sluggish sales of electric vehicles, according to a report from CommercialCafe, a market analytics platform operated by Yardi Matrix, a subsidiary of property management technology firm Yardi Systems. EV sales in the U.S. dropped 23.8% in the first half of…