Atlantic Coast Mortgage hires Keith Cross to lead builder relations

Residential construction rebounded in June as housing starts and completions recovered from May’s unusually weak levels, though building permits continued to trend lower. The latest Census Bureau data suggests that while builders remain cautious about future projects, construction activity itself regained momentum after last month’s sharp pullback. Privately owned housing starts jumped 19.0% to a…

New York City’s public rollout of a new, controversial tax on pieds-à-terre got off to a rocky start. Last week, the Department of Finance sent notices to homeowners across the five boroughs whose properties could be subject to the surcharge — an apparently wide-net approach that notified primary residences and second homes alike. “I was…

Shares of Netflix (NFLX 1.96%) recently closed at approximely $69, putting the streaming giant down 26% in 2026. The slide is part of a longer and more painful 48% decline over the past year or so. Netflix has generated life-changing returns for investors, so it has a strong reputation on Wall Street and hasn’t fallen…

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Stamp duty costs are preventing homeowners from moving, according to analysis from property portal Zoopla, with bills reaching five figures across southern England. Richard Donnell, Executive Director at Zoopla, said that where stamp duty becomes a “meaningful friction”, transactions are abandoned. “For home movers, stamp duty is a near-certain cost wherever you live – and…

GFP Real Estate has signed three new deals at its Midtown office tower at 515 Madison Avenue, totaling nearly 9,000 square feet of space, the landlord announced Tuesday.  In the largest deal, investment management firm T7 Capital signed a five-year, 3,956-square-foot lease on the building’s 29th floor. It’s unclear whether the deal represents a relocation…