Lenders increase their appetite for ARMs and jumbo loans

Selling a share in jointly owned ancestral property without the consent of other family members is not always straightforward. While the law generally allows a co-owner to transfer an undivided share, the rules governing Hindu ancestral property can impose additional restrictions depending on the nature of ownership and the school of Hindu law applicable to…

LPL Research, an independent investment and market strategy team within broker/dealer LPL Financial, has launched 17 new model portfolios as part of what it is calling its Building Block Model Portfolios suite. The firm’s model portfolio platform now features 70 variants and recently surpassed $100 billion in AUM. In a blog post, Garrett Fish, head…

Brooklyn Powerhouse Sports, a new fitness and athletic training facility, is opening its first location. Brooklyn Powerhouse has signed a 10,871-square-foot lease at Capstone Equities’ 14 53rd Street, known as the Whale Building, near the shore of New York Harbor in Sunset Park, Commercial Observer has learned. The company will set up batting cages and…

(RTTNews) – Addex Therapeutics (ADXN), a clinical-stage biopharmaceutical company, announced the publication of new preclinical research demonstrating that ADX71743, a selective negative allosteric modulator (NAM) of metabotropic glutamate receptor 7 (mGlu7), significantly influences sleep-wake cycles and stress-related neurochemistry in animal models. The study, published in the International Journal of Neuropsychopharmacology, showed that ADX71743 increased wakefulness…

The luxury pied-à-terre is alive and well, despite any efforts to stifle — or excessively tax — it. While the second week of August saw a Staten Island Supreme Court judge block the rollout of New York City Mayor Zohran Mamdani’s pied-à-terre tax — a controversial surcharge on second homes worth more than $5 million…

Like all stories about FARE Act violations, a City Reporter article Thursday focused entirely on what rental brokers did wrong. I get it. Journalists cover crashes, not landings. But sometimes the landings are the news. That’s literally true for commercial airlines. Their crash rate has been reduced to essentially zero, an amazing achievement given the…