UK's Vistry lowers profit view amid strategic overhaul

Provisions for credit losses in the personal and commercial segment fell $17 million year-over-year, largely due to a decline in provisions on non-impaired loans. That’s a signal that borrowers, including those navigating the ongoing mortgage renewal cycle, are broadly meeting their obligations. Capital markets and wealth management drive headline growth While personal and commercial banking posted…

Explosion heard near Iran's Larak Island, Fars news agency reports

The BTR developer expects year-end net cash to exceed £61m despite continued transactional liquidity pressures and delays to potential deals. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe Now Login To Unlock The Content!   …

The nation’s two largest private prison owners and operators are cashing in on the federal government’s decision earlier this year to back off its plan to buy warehouses and convert them into detention centers. Photo credit: Wikimedia Commons/Anthony Albright The Department of Homeland Security acquired the California City Correctional Center. The Department of Homeland Security…

The developers of a 2,300-acre mixed-use project in North Phoenix have announced plans for the first phase of industrial buildings as they seek to draw in suppliers for Taiwan Semiconductor Manufacturing Co.’s chip fabrication campus. Photo credit: Courtesy of Halo Vista Rendering of the Halo Vista development The Halo Vista mixed-use district will include seven…

When Ohel Children’s Home and Family Services made an offer to buy Camp Lavi in the Poconos, it unleashed a firestorm from parents, alumni and members of the Modern Orthodox community — and exposed an unusual complication in the bankruptcy sale of a sprawling summer camp empire. Nearly 200 emails and letters were sent to…