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CBRE announced the opening of its new 19,500-square-foot office on the fifth floor at 10 W. Nationwide Blvd., a trophy office building within the Arena District owned and developed by Nationwide Realty Investors in downtown Columbus, Ohio. The firm has relocated from 200 Civic Center Drive. The new office is part of CBRE’s Workplace360 program,…
Marcus & Millichap closed the sale of 93 Mystic Ave., an industrial property dedicated to food processing use in Medford, MA. The sale price was $5 million. “This rare, core-located food processing facility drove interest from local, regional and national investment groups,” said Mattias Edenkrans, associate director investments in Marcus & Millichap’s Boston office. “With the sellers targeting…
Mortgage rates reached their highest level since the end of August, following a week of heightened uncertainty over the Iran conflict, slightly moderated by positive news on inflation. Processing Content The 30-year fixed rate mortgage increased by 6 basis points to 6.55% as of July 16 from 6.49% one week prior, the Freddie Mac Primary…
Key insight: As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule’s benefit to banks. What’s at stake: The new capital standards create incentives to move second liens off bank balance sheets…
The Namdar Group will not be deterred from building in Jersey City, or scoring the requisite financing to do so. Joel Namdar’s company secured $180 million in debt from Affinius Capital for its project at 35 Cottage Street in the Journal Square neighborhood, the Commercial Observer reported. The project was previously the recipient of a…
The 8th Pay Commission begins its two-day stakeholder consultations in Kolkata today. These meetings and consultations will run for two days and conclude on 10 July. It is a crucial step in the government’s push to collect feedback, ideas and views before making a final decision on recommendations regarding salaries, allowances, and pensions for serving…