The Big Four Recession Indicators: Employment
The Big Four Recession Indicators: Employment
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Texas’ Property Tax System Can Favor the Rich Twice
Texas is once again looking for ways to lower property taxes. On Sept. 15, the House Ways & Means Committee is scheduled to study how to build on property-tax relief enacted by the Legislature, while Gov. Greg Abbott is promoting an affordability agenda that he says would save the average homeowner roughly $3,000 a year…
$100M New Jersey deli fraudster James Patten sentenced to 21 months in prison
James Patten leaving U.S. District Court in Camden, NJ after his sentencing hearing on July 21st, 2026. Dan Mangan | CNBC James Patten, who played a key role in the brazen stock manipulation scheme that led to a publicly traded company that owned a small, money-losing New Jersey deli having a market capitalization of $100…
Manga Hotel Group Makes Second NYC Purchase
Canadian real estate operator Manga Hotel Group is doubling up on New York City’s market. Manga purchased the Chelsean New York Hotel at 158-162 West 25th Street from Jeffrey Lam’s firm, Lam Generation, for $50 million, according to public records. The deal for the 158-key hotel works out to more than $316,000 per key. The…
New Jersey voter registration controversy explained: How 6,600 noncitizens got on the rolls, and what happens next
About 6,600 people who told New Jersey’s Motor Vehicle Commission they were noncitizens ended up registered to vote in 2023 and 2024. Gov. Mikie Sherrill announced the error Tuesday, blamed it on a software problem at the agency, and said fewer than 400 of those people actually cast a ballot. She has ordered the wrongful…
Reuben Brothers’ Jordana Yechiel On the Firm’s Big Bet on Century City – Commercial Observer
Century City has long been one of Los Angeles’ most concentrated office districts, but Reuben Brothers is betting that the area’s next chapter will look far more residential, experiential and luxury-driven. At Century Plaza, the development firm is building up around the Fairmont Century Plaza hotel and Park Elm condominiums, layering in restaurants, galleries, expansive…
John McCullough of Kennedy Wilson Multifamily Development: 5 Questions – Commercial Observer
Since joining Kennedy Wilson following the firm’s $347 million acquisition of Toll Brothers’ apartment living platform in 2025, John McCullough has been serving as president of the real estate investment company’s multifamily development group, where he oversees every aspect of the firm’s U.S. development business. Kennedy Wilson’s acquisition of Toll Brothers’ platform gave it general…
