David Kustoff sells Warner Bros. Discovery shares
David Kustoff sells Warner Bros. Discovery shares
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US housing starts drop unexpectedly on multifamily projects
New U.S. residential construction declined unexpectedly in August to one of the weakest paces since the pandemic, reflecting a plunge in starts of multifamily projects. Processing Content Housing starts decreased 2.6% to an annualized rate of 1.28 million, according to federal government data released Thursday. The median forecast in a Bloomberg survey of economists was…
California lenders ordered to account for wildfire insurance payouts
When a mortgaged home is damaged, insurers typically route payouts through the lender, which holds the money in escrow and releases it in stages as rebuilding progresses — a process that survivors say has been mired in documentation demands and unexplained holds, deepening the post-wildfire housing crisis facing California homeowners and brokers. Escrow delays compounding…
Blackstone Upsizes £1B Industrial Loan As Giant Platform Refinancing Continues
Blackstone has significantly increased the size of a loan it is taking out to refinance a portfolio of UK last-mile logistics assets owned by one of its biggest platforms, following strong demand from debt investors. Investors bought £1B of commercial mortgage-backed securities secured against a 10M SF, £1.6B portfolio of UK assets owned and managed…
Best US National Parks in Fall, From Woman Who’s Visited All of Them
In my opinion, Great Smoky Mountains National Park, which is located in North Carolina and Tennessee, is one of the best spots in the country for fall color. The park is home to over 100 species of native trees, and the foliage season lasts for weeks, from late September in the higher elevations to early…
Why are the Prairies leading Canada’s housing market as major cities slow?
“I believe we’re at the bottom of this market, so even though we’ve been bruised by the start of this year there’s some optimism for the fall markets,” he said. Source: CENTURY 21 Canada The Prairies posted Canada’s strongest results, as per the survey, extending a multi-year trend. Regina’s 13 percent gain in detached homes…
Still no good news from the Middle East
The US entered Labor Day with average gasoline prices at $4.14 a gallon, almost $1 higher than a year ago, while diesel hit a record $5.85 as the Middle East crisis drags on. Despite the US president claiming full control over the Strait of Hormuz in early August, only about 10 commercial vessels a day…
