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Earlier this month, Eddie Smith Jr., the 83-year-old owner of Grady-White Boats, made what was likely one of the biggest decisions of his life. In lieu of accepting offers exceeding $400 million to sell his company, Eddie chose to gift the entire enterprise to a perpetual purpose trust, pledging that 95% of future profits, potentially…
NatWest has announced rate reductions on its new business, existing customer and additional borrowing product ranges, effective tomorrow. NatWest will have a 5.04% two-year fix purchase from tomorrow, plus a 4.98% five-year fix. The lender is making cuts to its buy-to-let new business rates, including the two-year fixed rate purchase at 75% loan-to-value (LTV), which…
Avison Young said Monday that it represented A-V Services Realty LLC, an electronics and technology company, in the acquisition of a 40,000-square-foot industrial flex property located at 60 E. Rte. 46 in Fairfield, NJ. The acquisition establishes the company’s first owned headquarters, with renovations set to begin in November. A-V Services was represented by Avison…
Bird, a provider of communications infrastructure for businesses and artificial intelligence (AI) agents, secured $450 million in debt financing, Bird Founder and CEO Robert Vis said in a Wednesday (Sept. 23) blog post. The financing includes a $400 million term loan and a $50 million revolving credit facility, and it was led by J.P. Morgan alongside Capital One, Citi and other lenders, according to…
Almost three months before Villa Vie Residences suspended operations on Tuesday, leaving residents of the “never-ending” cruise stranded in Cambodia, the company had already warned the Odyssey’s residents that it was running out of money for fuel. In an August 1 memo to residents labeled “urgent,” Villa Vie CEO and founding partner Kathy Villalba asked…
Trump Warns Iran and Threatens Oman as Nuclear Deal Talks Falter Stalled Nuclear Deal Negotiations and Rising Tensions By Trevor Hunnicutt and Katharine Jackson WASHINGTON, Aug 17 (Reuters) – President Donald Trump said on Monday that Iran would not make the deal he thinks is needed to end a war with the U.S. and should…