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A lawsuit to roll back New York’s rent freeze will move from Staten Island to Manhattan. Judge Ralph Porzio of Richmond County, a Republican, handed down the decision in the case Friday. Plaintiffs, landlords who own rent-stabilized units, had originally filed the case in Richmond County. But the city successfully convinced a judge that the…
Marcus & Millichap closed the sale of Legends Plaza, a 44,068-square-foot shopping center along Loop 363 in Temple, Texas. Scott Jones, Gus Lagos and Alex Wolansky, investment specialists in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller. Both the buyer and the seller are private investors. Legends Plaza is located at…
Gold is extending its winning streak to a seven-week high near $4,300 per ounce, driven by geopolitical developments, a sliding dollar, and shifting Federal Reserve rate expectations. Despite recent gains, gold still trades over 20% below its record high of $5,589 per ounce in late January, according to CNBC analysis. Key Takeaways Gold was recently…
War Headlines Pushing Oil and Yields Higher 4 Hours, 43 Min ago War Headlines Pushing Oil and Yields Higher Some summertime Mondays are slow and uneventful. Some see brisk movement. Today’s was somewhere in between. There was modest pressure at the outset following headlines about Iran planning to escalate hostilities. The sharpest…
IKEA is reducing prices on 1,500-plus products in Europe amid ongoing cost-of-living pressures. The Swedish furniture retailer announced Tuesday (Sept. 1) that it was investing nearly $1.4 billion to mark down prices by 15% to 25%. “The investment is not an activity or short-term campaign—it’s about making IKEA more affordable when people need it most,…
Inflation is too high across all aspects of the U.S. economy, not just rising oil prices, Minneapolis Federal Reserve President Neel Kashkari said in an interview on Sunday, Reuters reported. “So even if we strip out energy, which is really volatile, and strip out food — they matter a lot — but in terms of…