Lennar valuation near tangible book puts margins in spotlight
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Canadian insolvencies jumped in June, reaching their highest level since July 2025, according to an analysis by Servus Credit Union. Total insolvencies rose 9.4% from May on a seasonally adjusted basis and were 11.5% higher than a year earlier, aaccording to Servus economists Charles St-Arnaud and Oriane Kacoutie. The year-over-year increase included an 11.3% rise…
Bascom Buys 183-Unit Orange County, Calif., Complex for $53M – Commercial Observer
The Bascom Group has acquired a 183-unit apartment complex in Orange County, Calif., as the company expands its multifamily holdings this year in the Western U.S. The Irvine, Calif.-based investment firm put down $53.1 million for Castlewood Park Apartments in Buena Park. The deal is equal to about $290,200 per unit. SEE ALSO: Centaur Sells…
AI infrastructure debt and leverage draw market scrutiny
As Nvidia partners with Wall Street firms to mobilize more than $500 billion of third-party capital for AI infrastructure, the increasingly complex financing underpinning the boom is coming under closer scrutiny. Hyperscalers and their financial backers are turning to bond markets, joint ventures, leases and other structures to fund an unprecedented infrastructure buildout. At the…
Israel and Lebanon Set Rome Meeting Over Security Talks in October
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Mamdani, Council Common Ground: COPA & J-51 Push
New York City is in for a raft of new housing laws that include COPA and a revival of the J-51 tax abatement. Lawmakers on the Committee on Housing and Buildings held an oversight hearing Wednesday about a wide range of housing initiatives, including J-51 reauthorization and the Community Opportunity to Purchase Act, which has…
The Army Is Testing How It Would Train More Troops During a Major War
The US Army is testing whether it could use reserve drill sergeants and other personnel to quickly expand basic training in the event that a major conflict suddenly needed training pipelines to produce far more soldiers. An experiment called Operation Wildcat Rising put dozens of Army Reserve drill sergeants into a single basic training cycle…
