Homebuilder sellers face tougher prices as M&A appetite slows

Commercial real estate owners stuck with loans they took out when money was cheap are buying time with another short-term loan — paying up now for the flexibility to refinance later — and that is leaving them exposed as borrowing costs climb. U.S. landlords struggling to secure permanent financing are rolling one floating-rate bridge loan…

On Wednesday, CME Group reported second-quarter revenue of $1.7 billion and operating income of $1.1 billion, capping what the exchange operator described as its strongest first half on record. Net income was $1 billion and diluted earnings per share were $2.88. On an adjusted basis, which excludes certain items, operating income was $1.2 billion, net…

Large transactions supported UK investment volumes in Q2, while geopolitical uncertainty weighed on deal activity, says Lambert Smith Hampton. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The…

Meghan Markle’s best friend has paid a visit to the Sussexes at their new home—just weeks after the Duchess and Prince Harry relocated their family to the U.K. The Duke and Duchess of Sussex, who settled into California after purchasing a $14.65 million mansion in 2020, arrived in the U.K. on Aug. 26 with their…

Where Congress might go next

Home equity investment products are under more fire as consumers have filed yet another class action lawsuit against one of the space’s biggest players. Processing Content Five plaintiffs sued Unison in a North Carolina federal court last week over the company’s allegedly deceptive agreements. The accusations follow other class action complaints against Unison and its…