NTHM’s Index Rebalance Puts Thematic Rotation to Work

A 33-story office tower in the Downtown Dallas Arts District could face a foreclosure auction after its owner allegedly defaulted on a loan. Office tower at 2100 Ross Ave. in Dallas The 840K SF tower at 2100 Ross Ave. was flagged for foreclosure after its $79M loan was not paid off by the due date,…

The White House has launched a website (fraud.gov) that tracks the actions taken by its fraud task force and the dollar amounts recovered through those actions. “The White House Task Force to Eliminate Fraud is moving to shut off the money, crush criminal networks and deliver swift justice,” the White House said in a Thursday (Aug. 6) press…

Dallas, Texas, where the city council passed a resolution to sell up to $348 million of bonds and other obligations.Bloomberg News Dallas is gearing up to sell up to $348 million of bonds and other obligations this fall after a resolution for the issuance was approved on Wednesday by the city council, which also passed…

Key insight: A federal judge ruled the Federal Deposit Insurance Corp. can keep $1.71 billion that SVB Financial had deposited at Silicon Valley Bank, blocking creditors from recovering the funds. What’s at stake: Wall Street investors bought Silicon Valley Bank parent company debt at a discount and had counted on the FDIC covering that deposit. …

Nir Meir has not yet accepted a plea deal, his attorney said at his last court appearance before his October trial. The disgraced former HFZ Capital executive has pleaded not guilty in an alleged $86 million fraud case involving the XI condo project on the High Line. When Meir was in court earlier this month,…

Clydesdale and Foundation have announced rate increases, while Precise and Newcastle are withdrawing products ahead of a reprice. Tomorrow’s changes from Clydesdale are to residential product transfer deals. The lender is raising two and five-year fixed rates in its core range by up to 23 basis points. Clydesdale is also withdrawing a number of two…