Here’s a ‘ridiculously cheap’ way to protect yourself against a stock-market selloff

Goldman Sachs has provided a $116 million construction loan as part of an overall $269 million financing package to facilitate the redevelopment of a long-standing Syracuse affordable housing complex, Commercial Observer can first report. The investment bank’s Urban Investment Group provided the loan on BFC Partners and SAA Canopy Group’s transformation of the Parkside Commons…

Wheat is showing early Tuesday weakness with losses of 3 to 9 cents. The wheat complex joined in on the rest of the commodity losses on Monday.  Chicago SRW contracts were 11 to 18 cents in the red. Open interest was down 866 contracts. KC HRW futures closed with 10 to 16 1/4 cent losses…

Dwight Investment Management, an affiliate of Dwight Capital, closed the loan for the Seventeen Hundred on East property that opened in January with 295 luxury apartments and 6,500 square feet of retail space. Loan proceeds were used to retire existing construction debt, fund an interest reserve and provide cash-out proceeds, according to Dwight.  Josh Hoffman,…

Central government employees and pensioners are expecting a second dearness allowance hike announcement during the festive season this year. There was hope earlier that a DA hike would come in July, amid rising inflationary pressures. DA and dearness relief (DR) are a component of basic pay, given to employees and pensioners respectively, with aim to…

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