New mortgage payments ease for second straight month in July
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Munis don’t budge in response to CPI data
Munis were little changed on Wednesday after the release of the consumer price index report, as U.S. Treasuries were narrowly mixed and equities ended higher. Processing Content Muni yields were up to one basis point firmer, depending on the scale. USTs saw small gains on the front end and small losses out long. The CPI…
Private Equity Firm Sentinel Capital Expands to 35K SF at One Vanderbilt – Commercial Observer
Private equity firm Sentinel Capital Partners has expanded to 34,737 square feet at One Vanderbilt. The deal gives Sentinel an additional 7,134 square feet of office space on a portion of the tower’s 54th floor, according to a Monday announcement by landlord SL Green Realty. The move brings Sentinel’s total footprint at the trophy high-rise…
Trump floats pulling Blanche AG nom until after GOP holdouts leave
Acting Attorney General Todd Blanche appears at his confirmation hearing in front of the Senate Judiciary Committee on Capitol Hill July 15, 2026 in Washington, DC. Eric Lee | Getty Images President Donald Trump on Thursday said he is open to “temporarily withdrawing” Todd Blanche’s nomination as U.S. attorney general until after two Republican holdouts,…
Jeanie Buss opposes Lakers stake sale to Bob Iger, Joshua Kushner
Minority owner Jeanie Buss of the Los Angeles Lakers and her husband, Jay Mohr, prior a first round NBA playoffs game between the Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images Los Angeles Lakers governor Jeanie Buss is…
L.A. Office Leasing Hits Highest Level Since 2019 – Commercial Observer
Los Angeles County office leasing climbed to its highest level since 2019 during the third quarter in another sign that the market is slowly stabilizing. Tenants signed about 4 million square feet of office leases in July, August and September, up 15 percent from a year ago and 0.7 percent from the second quarter, according…
New York’s 485-x Is Teaching Developers to Stay Below 100 Apartments at a Time – Commercial Observer
In New York City, 485-x is one of the few tools capable of restarting rental construction at a meaningful scale. It is also widely misunderstood because policymakers and developers experience the same incentive in fundamentally different ways. For policymakers, 485-x is a housing production program. For developers, it is a feasibility framework whose thresholds determine…
